Thanks to this site (what a great site this is!!) I I now understand the lease terminology and can more readily compare leasing to purchase.
Here is the 3 year lease deal:
Genesis G90 3.3 turbo RWD.
Offer is from Genesis itself good thru Oct 31.
MSRP: $68350
Actual Net capitalized cost: $55714
Due at signing: $5000 money factor: .00023
Payment: $749
Residual: $29818
term: 36months
All amounts exclude tax, license title and registration but includes destination fee. Actually the monthly payments of $749 are taxed and actually become $807.
Purchase on this car before tax is around $67386 (about $1600 over invoice) at 0.9% apr for 5 years
This car is for my wife and she typically keeps her cars for a lonnnnng time. If we go the lease route she will pay the residual at 3 years. you can finance the residual but you don’t get low apr like the 0.9% More like 2.something.
sorry man but that is way way way too much for that car. you’re effectively paying nearly 1000 a month (zeroing out the down) for that. you can do much better on another, better car.