09 Hyundai Genesis Lease Rates for February 2009

Published 2009/02/06 by G

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

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

Hyundai Assurance, a Good Idea in Uncertain Times

Published 2009/02/052009/08/21 by G

If you haven’t already seen the commercials, Hyundai is offering it’s customers the following offer:

“Finance or lease any new Hyundai, and if in the next year you lose your income*, we’ll let you return it. That’s the Hyundai Assurance.

*See your participating dealer or the program certificate for complete coverage details. Hyundai Assurance is valid on any new Hyundai model financed or leased, for up to one year after purchase. Restrictions apply.”

You can click here to learn more.

My Take? In these tough economic times, I think that this is a VERY refreshing to see an auto maker offer a security blanket for it’s customers. Folks that need/want to get into a new car but are finding it difficult to do so because of the uncertainty of their jobs, so this certainly a good incentive to visit Hyundai dealerships. The beauty of this offer is that in the event something does happen to you, your credit won’t get killed. Time and time again, I hear of people getting into leases or purchases they can no longer afford due to loss of employment. Many also make the mistake of not making their payments and letting the car get repossessed. Please, don’t EVER do that. Credit is of the at most importance here in the U.S. (more so than other countries). When you destroy your credit, you essentially kill your purchasing power for years to come.

Moving on…

The Hyundai Assurance:

On all NEW Hyundai models
Purchases or Leases
Covers up to $7500 in negative equity for up to 12 months

Coverage:

Physical disability
Involuntary unemployment
Self-employment bankruptcy
International employment transfers
Loss of driver’s license due to medical impairment
Accidental death

You do need to register to get these benefits however. To do so click here an follow the steps outlined on that page.

Not a bad deal if you ask me. Certainly worth a look if you are looking to get into a car and have been holding off because of the economy. I’m not a big fan of Hyundai’s Econoboxes, however, I would probably give the Genesis a chance.

09 Acura TL Lease Rates for February 2009

Published 2009/02/04 by G

My Take: As unexciting as this may sound to you, Acura has not change their lease rates for February 2009. It doesn’t mean this car is a bad lease of course, but it certainly isn’t a DEAL either. I would be great if AHFC would cut the money factor in half. That should help move these cars. By the way, these rates will run through March. I get this feeling March is going to be a nice month for this car, just like it was last year for the 08 TL.

			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Acura TL	$32,896	$35,715	$529	$454	$654	$539

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.

2009 Acura TL January Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

DO NOT LEASE: 09 Acura MDX Lease Rates for February 2009

Published 2009/02/04 by G

MY TAKE: There’s a $2000 cash rebate for the 09 Acura MDX right now, still the residual value is too low. To make matters worse, the money factor remains unchanged from January. I think you can probably do better with a purchase instead of a lease right about now.

2009 Acura MDX

What You Should Know…

Published 2009/01/272009/08/21 by G

Hello All!

Couple of quick announcements. Kudos to Randy for emailing the following info to me on BMW lease going on right now!

BMW of North America and BMW Financial has just announced an
unprecedented incentive to buy or lease in the next 8 days. Starting
today and running through February 2, the following REBATES* will be
available.

1 series: $1,000 on lease or finance contracts
3 series: $1,500 on lease or finance contracts
5 series: $2,500 on lease or finance contracts
6 series: $3,000 on lease or finance contracts
X3: $2,500 on finance contracts
X5: $2,500 on finance contracts

* rebates available only on finance or lease contracts through BMW Financial

These rebates are available in conjunction with the current lease and
APR specials offered by BMW of North America.

Also, DON’T FORGET to check out the forum. BounceWithB will occasionally post interesting bits of auto news. Right now, he’s got some info on Chrysler’s Employee Pricing + 0% Financing offer!!! I know I know…its a Chrysler, but still, 0% interest we’re talking about here!

http://www.ridewithg.com/forum/viewtopic.php?f=5&t=17

That is all for now!

09 Lexus ES350 Lease Rates for January 2009

Published 2009/01/27 by G

MY TAKE: It was a tough call to put this on a DO NOT LEASE post, but the fact is, the residual is just too low. The Infiniti M35 suffers from the same problem. Even if you lower the money factor, it still doesn’t seem to keep the car cheap enough for leasing. You could drop your mileage allowance down to 10k per year to help boost the residual, but still, I just don’t think it helps unless there’s a sizeable chunk of rebates to help offset the depreciation. Feel free to take a pass on this car.

2009 Lexus ES350
24 Month – Residual 54% of MSRP – .00095 Base Rate
36 Month – Residual 47% of MSRP – .00095 Base Rate
48 Month – Residual 38% of MSRP – .00095 Base Rate
60 Month – Residual 29% of MSRP – .00275 Base Rate

2009 Lexus ES350 w/ Ultra Luxury
24 Month – Residual 52% of MSRP – .00095 Base Rate
36 Month – Residual 45% of MSRP – .00095 Base Rate
48 Month – Residual 36% of MSRP – .00095 Base Rate
60 Month – Residual 27% of MSRP – .00275 Base Rate

09 Nissan Altima Lease Rates for January 2009

Published 2009/01/252009/01/23 by G

My Take: There is a $1500 cash rebate for the Altima right now, which should really help you lower your lease payments. The residual values are still fairly high and the money factor seems to have been lowered somewhat. This is not a bad month to lease the Altima 2.5 S. My calculations do not factor in the cash rebate, so you should expect even lower monthly payments for a base model Altima S. Alternatively, you can add about $1500 worth in upgrades and you should come pretty close to my estimates. Remember to stay away from the 24-month and and 48-month leases. I probably don’t need to tell you why. Also, there shouldn’t be any reason why you should be paying MSRP right now, unless of course, you like your dealer and want to see them make a some money, I am sure they will be quite grateful.

			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
2009 Nissan Altima S	$20,890	$22,235	$429	$281	$489	$320

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.

2009 Nissan Altima January Lease Rates

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

The Wall: Warren’s 2008 MINI Cooper

Published 2009/01/232010/01/20 by G

This is an unique WALL post because not only did I get a cool Silver/Black MINI Cooper to post on the WALL, but I also got a pretty good question (that I think many of you are wondering) to answer. So here’s the question from Warren in CA:

FEATURE QUESTION it seems like the MINI is still one of the better choices for leasing. I think this may only be the case for a few brands though as I recently read an article on CNN saying “cheap leases are disappearing”

For the most part I think they are right with a few exceptions. My question is, do you think we can expect the leasing business to be a thing of the past or is this just a direct result of what’s happening in the auto industry and the economy, in general?
I would guess this is just a slowdown in leasing business, and we’ll eventually see it return once the problems in the economy, credit crunch are resolved. Since this MINI Cooper was my first lease, I am hoping I’ll be able to lease in the future. I am a firm believer in the concept, and when one does all the math, it makes sense under the right conditions.

My Take: I think leasing will stick around for the most part, although, I do agree (to an extent) that cheap leases are going away. The economy certainly has had a significant impact on the leasing business, but I don’t think it will eliminate leasing completely. There is good money to be made on leases, specially for manufacturers that make vehicles that hold exceptional value. Previously leased vehicles can be resold as CPOs for a sizeable profit (they go for thousands more than used cars and dealers spend next to nothing on reconditioning). I can see GM, Ford leaving the leasing business completely, but the Hondas, Toyotas and Nissans of the world will probably keep leasing their more “popular” models at reasonable rates. I do think that finding a G37 for $360 + tax a month is a thing of the past though. The same can be said for the TLs and IS models. I think MINIs will be safe for the most part because of their resale value. As long as people want them, they will keep leasing them. The pattern is pretty obvious now. If we dig through the BMW, Mercedes, Acura, Infiniti line up, we’ll see how their popular models have the higher residual value, making them ideal for leasing.

I’d also like to add that the key now is to know how to look for the good leases and doing your homework in advance. The deals will be there, you just have to dig for them. Those who don’t will be the ones that hop on Yahoo! Answers and ask how they can get off their leases because it’s too expensive. Leasing, in the short run, is usually more economical than buying. Buying is usually best for less popular models and if you plan on keeping the car beyond 6 years.

Name: Warren
Location: California

Want your ride featured on RIDEwithG? Head over to THE WALL for more information.

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RIDE with G

For those who lease cars

Author: G

09 Hyundai Genesis Lease Rates for February 2009

Hyundai Assurance, a Good Idea in Uncertain Times

09 Acura TL Lease Rates for February 2009

DO NOT LEASE: 09 Acura MDX Lease Rates for February 2009

What You Should Know…

09 Lexus ES350 Lease Rates for January 2009

09 Nissan Altima Lease Rates for January 2009

The Wall: Warren’s 2008 MINI Cooper