If that is true, then your monthly payments should decrease by a total of about $2,700!
Your lease payments would be about $70/mo less with the new residual, so why not? 
Banks set residual, so if your dealer screwed up - they need to fix it.
Would you mind sharing your numbers? Thanks.
I don’t think you have any obligation to go back in and resign anything. Though I’m curious what residual they gave you and why their computer pumped it out wrong.
Thanks all. Here are the original #s.
Term 36 12K
MSRP $51068
Sales Price $48620
Incentives $6500
Adjusted Cap $44568
Money Factor .00035
Residual 56% or $27879
They claimed the ultimate package does not qualify for the money factor .00017?
They said the MSRP should have been $53420 with a residual of 57%. They want me to go back in today to sign all new paperwork. Thoughts?
I’d ask for all the paperwork to be scanned and emailed (or faxed) prior to going anywhere.
But if your total cost of the lease goes down then why not?
Technically, the lease is invalid, if bank rejected paperwork because dealer used wrong residual. I think the dealer basically gave the car away without getting approved financing from the bank.
the 2016 RWD ultimate qualifies for a money factor of .00017, the awd ultimate is .00035 with 12kyr
So Finally got time to scan my lease deal I got for you guys to take a look at…
I’m pretty happy with it and think i got a decent deal, please don’t tell me i didn’t, cause i will forever kick myself over it! 
(no go ahead and tell me if theres something i messed up! haha)
By the way, I don’t see it on here, but the MSRP/Sticker price was $48,270 (im 90% sure)
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Which package did you get?
Incentives look like $4600. What does that break down to?
I got the tech package… wht exterior/blk interior… bumper protector thing… cargo net… first aid kit… power trunk (not sure how i got this since i thought only comes in the ultimate package)… etc…
incentives… I got the Competitive Owner Coupon… Recent Grad and… not sure what else? lol
Yea, looks like an Ultimate as that version has the power trunk listed. Do you have any of these other features?
3.8 Ultimate Package cost $3,500
Advanced technology features that give you added options for enhancing your driving experience. Requires Tech Package
Genuine matte-finish wood trim and aluminum trim
Full Color Heads-up Display
Premium 9.2-inch touchscreen and DIS navigation with HD Display
Lexicon® 17-speaker Discrete Logic 7® surround sound audio
Power trunk lid
Dual-mode front vent control HVAC and CO2 Sensor
Nope. It’s a tech package, i made sure of that because i wanted android auto (which i installed already)… so its weird about the trunk, but lucky for me when i saw the option in the speedometer menu to turn in on, and I confirm it working
HUD would have been super nice
Also, no idea how to tell if I have 14 vs 17 speakers lol
Just curious…which dealer in Orange County?
It was the one in Huntington Beach
Can you post your full numbers. What incentives were you given. Thanks.
Wow, great to hear people are getting sweet lease deal across the country. Hyundai dealers in the metro Detroit area have been offering employee pricing since April, so I was looking at one for a while. Unfortunately none of the dealers in my area had a base AWD model in the color combo I wanted, and no one would dealer trade.
So I ended up negotiating employee pricing with a dealer on the other side of the state in Grand Rapids. It was not an easy process, as the sales manager was refusing to give me the base MF of 0.00035 even though my credit qualified for it. Once he finally honored the MF, he added the Wear/Tear package for $499. We argued for a few more days until I got him to apply 3 certificates to my deal and finally reached the lease payment I wanted.
The final deal is as follows:
2016 Genesis AWD base
3 years / 12k miles per year
MSRP - $42,345
Sale price - $38,747
Rebates - $6750
Residual - $24,136
MF: 0.00035
Base payment - $267.70
Final payment w/MI 6% tax - $283.76
Total cash due at signing: $1000
Dealer said they didn’t have any wing trunk emblems in stock, which I thought was funny, but I ordered it from eBay for $8 shipped and it arrived the same day I got the car. Only drove with the H badge for about ten minutes.
Overall this might be one of the best lease deals I’ve ever negotiated. I’ve been getting employee discounts on Infiniti’s from a friend for the past 10 years, and the best lease I had was a 24 month term on a base 2014 Q50 AWD for $280/mo, but that MSRP was just over $40k. Plus the Genesis is fully loaded compared to the bare bones Q50, which didn’t have nav, heated seat, real leather, and had ugly base 17" wheels.
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Way to go! Awesome that you were able to snag payments under $300!
It sounds like you did have to fight tooth and nail but ultimately got a stellar deal. Very awesome. You picked up the same model I did - hope you love it! Mine has been so good to me. It’s been nearly two months and I still can’t believe it’s mine!
Thanks, I do love the car for what it is: a sporty luxury sedan with killer looks inside and out. It is definitely not a sports sedan, as compared to my previous Q50. But overall feeling of quality and comfort makes up for the difference.
To me, it is the best looking sedan you can buy under $60k. The white definitely makes the lines pop and I love the contrast with black interior, especially after tinting the windows.
My son and I inked a lease deal on Tues. June 28th on a 2016 RWD Sig/Tech 3.8, no miles. Seems to me like the Sig/Tech is the way to go: lots of value in the two packages, less so in the Ultimate, IMO.
We used Circle pricing to bring the sales price down to 3+% less than invoice based on MSRP of $47,270. Then we applied $6,400 worth of incentives ($3,500 lease cash, $1,000 Uber, $1,000 Competitive/Loyalty, $500 BoostUp match, $400 Graduate; everything except Military and Mobility). We went 3yrs/36k and nailed the .408%/56% lease numbers. They threw in wheel locks (which I hate, but along with the key they supplied the four non-keyed lugs - yay!), nitrogen-filled Michelin Primacy MXM4 tires, spare kit, interior/exterior “Polysteel” protectant with 3-yr finish warranty (all together, over $2,300 in packs- Sheesh!). With $500 BoostUp deposit, drive-off was $0 at $331/mo ($318/mo, no tax added). Only the $400 disposition fee on turn-in looms (works out to $11.11/mo).
Update: Local sales tax payments were lowered from those assumed by the dealer. (We “garaged” the vehicle in the lower taxed of my son’s address and mine). Final monthly worked out to a hair under $325/month. We’re both pleased, me with the deal, he with the car.
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