My Take: The Genesis Sedan V6 is probably the better lease compared to the V8 model. There is supposed to be a $1000 cash incentive floating around so please take that into account during your negotiations. There is also a $500 rebate for those who are in the military. The lease, at invoice, is still a bit more expensive than I prefer (due to the 27-month term, you have less months to spread the depreciation across). However, I feel that there’s a decent amount of room for negotiation here, so dipping below invoice is certainly possible. You probably want to stay away from the V8 model since the residual drops another 3% and the car is pricier. If you choose to lower your mileage to 12k per year to save some money, keep in mind that it only increases the residual by 1%.
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At Invoice | At MSRP | |||||
Make/Model | Invoice | MSRP | 24-month | 27-month | 24-month | 27-month |
2009 Hyundai Genesis V6 | $30,993 | $33,000 | N/A | $470* | N/A | $545* |
2009 Hyundai Genesis V8 | $35,271 | $38,000 | N/A | $568* | N/A | $670* |
NOTE: Estimates assuming the following conditions:
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
*27-month Lease.
2009 Hyundai Genesis February Lease Rates
2009 Hyundai Genesis V6
27-month | 15k miles | residual 56% | .00015 base money factor
2009 Hyundai Genesis V8
27-month | 15k miles | residual 53% | .00015 base money factor
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