Good Morning. I have appreciated reading all of the articles here and at some other places. I have historically been a buyer. Last week my Cadillac ATS was totaled when I was hit from behind at 30 mph. My job involves a lot of travel within 2-3 hours of home but I always rent (90-100 days per year from National-Enterprise), so i am not worried about exceeding 12k year.
I was offered a 2018 Genesis G80 RWD 3.8L with Premium and Ultimate Packages that was a demo with 3500 miles on it. MSRP was a shade above 53k. Sales price of $48,542 before lease cash of 6700 leaving a final sale price of 41,842. They are requesting 1500 down and a monthly payment of $681.48 Residual is 50%
I am thinking that maybe that the price before lease cash is still a little high given the mileage and it being a 2018 model year vehicle. I have countered with a sale price of 44,508 before lease cash.
Any other thoughts on this? Thank You,
Have you thought about leasing a GS350 F Sport or BMW 540?
All much better values for an effective 720 a month payment.
Even SQ5s can be had for much less.
Not a good lease comparative to other options…
Thank You Stinger. I checked out the GS350 and looks like a solid car. Couldn’t find any 2018s for lease in the Jacksonville area. Not a BMW guy due to a bad experience (lemon) with them. The SQ5 is intriguing and I will need to learn more about those. We have a MB GL 450 so adding another SUV-Crossover may be a challenge.
Can you suggest any changes to the terms of the proposed lease that may make it more reasonable? I appreciate you taking the time to chime in.
I think you’re on the right track with trying to get a better dealer discount and you can’t do much about the RV set by Genesis. You can ask them if you can put MSDs down to lower the MF, but that’s about it.
The RV pretty much kills this as a good lease.
