2019 Genesis G80 RWD 3.8 engine, with Ultimate package. MSRP is $53,265
Lease deal of $620 per month + tax with no money down (everything wrapped into lease)
36 mos, 12k per year
Is that a good deal?
I feel like I’ve said this before.
You’re missing data.
We need MSRP, selling price, discount, incentives, Acq fee, RV . . .
But from 50,000 feet $650 plus tax (3%?, 7.75%?, 8%) on a Hyundai sounds like rubbish to me.
MSRP $53265
Incentives and price reductions = $3425, bringing price to $49840, which includes dealer fee, registration, first monthly payment, title fees, etc…
Cap Cost $50590 ($49840 + 750 lease acquisition fee)
RV $28763
Note that it’s a Genesis, not a Hyundai. They’re separate companies now. Purchase of a Genesis includes 3 years free maintenance and valet service for them to pick up car for any maintenance or repair visits and leave a loaner for owner’s use. So there are a few extras included in the lease or purchase.
For anyone not familiar with them, you might check out the features available on even the base model, which is MSRP of about $42k. Same size as E-class but better technology. This is the Ultimate package, which includes some additional driver assist features and other goodies, for $10k more.
Not having done a lease before, just wanted to know if lease was a good deal for that MSRP and RV. Sorry I forgot the additional details in the first post.
My 
on the branding. It’s true they are “different” companies (with a single dealer network, which is why they gotta keep Genesis buyers away from the dealer by picking up and dropping off car, but still a nice perk.)
Very subjective, but the tech in a new E is pretty damn nice.
It’s a crap discount and the MF is still a mystery. For $650 plus tax (and a little effort grinding) you can be in the E class.
In my opinion, it’s a bad deal.
Put my opinion with $19.99, and you have a Snuggie wearable blanket.
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Based on that post seems like youre sold on the car (or the brand) and your dealer knows this!
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Still a Division, not a company.
But, like Lexus and Infiniti, they have their own platforms to build on. So certainly a step above something like a GM or Ford badge engineering job.
Except for going to the local Hyundai dealer for support. Call me pretentious, but luxury dealers are a different animal than Hyundai dealers. By a lot.
G80 doesn’t present that much bang for buck if it’s jsut as expensive as it’s German contemporaries.
Genesis needs a little more time to work on that before they start asking for big bucks.
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No question that we want that particular vehicle. After driving it for three years of the lease, I suppose we’ll determine whether that turned out to be a good choice or not! We’ve been driving an E-class for the last 7 years and it was time for a change.
For now, was just looking for general idea of whether the lease deal is reasonable.
I read elsewhere that anything between $105 and $125 per $10k of MSRP value is a decent lease deal, so it seemed to be OK. But the lack of transparency in leases makes it difficult for leasing newbies 
Not a good deal, but the good news is the 54% residual. If they keep that residual inflated, that means when they eventually do heavily discount these cars again, there will be an opportunity for sweet deals on these later this year. Although having driven my Genesis the last 3 years, I’m not sure I’d get one again. On the fence about it. Hopefully they’ve fixed the tech over the last few years. Sick of stuff not working.
Will be interesting to see if they’ve worked out some of the tech bugs by the 2019 model. We’ll decide whether to go ahead and get one, even though they’re not coughing up any particularly good discounts, or whether to wait until later in the year to see if inventory sits and they start sweetening the incentives.
Both of our E-classes were in the shop often, plus maintenance was dang expensive, so the three years of free maintenance and the fact that it will be under warranty throughout the lease is enticing.
The whole process is painful, regardless of what make/model!
This is exactly why gawd made brokers! Check out the fine men and women on this very forum; you may find that they keep you out of the dealer altogether and they’ll for sure net you a better deal nearly every time, unless you are VERY savvy at bargaining.
It could be the best $100 - 400 or so you’ve spent in your automotive life.
Whats killing Genesis is that they do provide more bang for the buck, compared to their German competitors. But that’s only in terms of MSRP; their leasing structure is poop across the board. Low residuals, sky high MF and little to no incentives or discounts. I just saw some poor guy over on the cars subreddit lease a G70 for like $620/mo.
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How on earth is that “more bang for the buck”?
Just like I said, in terms of MSRP. Not leasing wise
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The MF on that particular G80 is .0018 and Residual is 54%. I think the 54% residual is OK but the MF is definitely not aggressive. And no substantial incentives right now.
With the G70 being Motor Trend’s Car of the Year and they have just hit showroom floors, I’m sure some dealers are marking up, not down!
Hyundai definitely needs to get competitive with lease deals. Friend had Hyundai Circle certificate taking over $9k off of MSRP on a G80. But he could only do a “standard lease” using Hyundai Circle discount. The standard lease rate was so much higher than the regular supported lease that dealers use, it made the lease payment out of sight.
The money factor is right in line with the going prime rate. BMW is at 0.00188, Audi even higher. Delaers have to discount any marque to make leases attractive, and Hyundai is stubborn about this, as is their cousin Kia.
Seems they want people buying versus leasing. One could (with their tongue firmly in cheek) surmise that even Hyundai/Kia/Genesis don’t want to own their cars after 3 years! 
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You definitely might be right! Although we also own a loaded Hyundai Tucson, in addition to the E-Class, and the technology on that Tucson beats the heck out of the 4 year old E 350 sedan. Comfort and ride on the sedan are first class, of course, but it does seem like Hyundai may have upped their game in recent years. Doesn’t explain why they’re not more supportive of leases, but the length of warranty can’t be beat and the cost of maintenance is scratch compared to maintaining that Mercedes!
To be fair to the Benz, how was the cell phone you used four years ago? Tech changes fast, and provided it still functions, comparing even 4-years-old to new isn’t fair.
Good point.