Hello All. Is this a good deal? https://www.genesis.com/us/en/promotions.html
The first one 2019 Genesis G70
Lease starting at $399/month for 36 months with $0 due at signing (RWD)
8/1/2019 ~ 9/3/2019
Low APR 1.9% financing for up to 60 months, 2.9% for 72 months
8/1/2019 ~ 9/3/2019
Valued Owner Coupon
8/1/2019 ~ 9/3/2019
Competitive Owner Coupon
Will the dealers give me this exact deal if my credit is tier 1?
Is it possible to get a lower payment on the monthly through negotiations?
Would it be wise for me to email this exact deal weblink and ask if they can give me this deal?
Ive seen them going for less especially since theres no tax included in that $399. Also, people have gotten it lower than 399 with 36/12000 versus the 36/10000 on that special/
Id look around the forums and see what other people have gotten.
Post on Edmunds to find out the MF and Residual for your zip code:
Check Cargurus and locate the vehicles youd want. Email those dealers and I’d try for 10-12% off MSRP before rebates* (which is going to be tough but isn’t impossible for the G70 but you need just 1 dealer to bite)
Make sure they send you the worksheet so you can make sure the MF and Residual you got from them is right.
Just to let you know that BMW’s do lease better than these so you might want to search the forums for the deals people have been getting. But the G70 is a very sharp looking vehicle and I hear its great to drive.
BMW’s don’t lease cheaper overall and feature by feature. Yes, they do lease better in terms of msrp percentage but a 50k G70 3.3T with adaptive cruise, surround camera, etc will cost far less per month than a similarly equipped m340i. At least when I shopped that’s what I found. The same is true for the 4 cylinder counterparts fwiw
After back and forth with a few dealerships, I got one offering a 3.3t sport rwd, an “executive” demo, MSRP at 50k after supposed discounts, 1500 down, 12k/36mo, asking $495/mo. Im still waiting for the actual numbers so I can calculate properly. But ill let you guys know
Demo G70 3.3t RWD with ~3800 Miles (Executive Demo)
MSRP: 50k
Selling: 44k
Incentives: 4K
Money Down: 2k
MF .0009
RV: Not in front of me
Monthy: ~$452.xx
12k/36mo
Could have done better on the selling price I think, especially for a demo. They were handing out the incentives pretty easily. For example I started with 2k + 1k of incentives, after the route of pushing, they “found extra incentive coupons they can stack” to make it 4k. I couldnt get the calculator to work while sitting there.
Part of me feels like 44k/50k = is 12% off before incentives…ON A DEMO. FYI we had started before on a brand new one but they has zero interest in discounting off the MSRP. And this was the “nicer” dealer. Spoke to 3 others and they were ultra rude compared to other dealers (bmw, subaru, toyota)
Didn’t do the most research on the g70 leases but I’d say this is good… you would not get much more than 12% off on a 3 series right now for example and an m340i/s4/c43 is about $200 more monthly. Push for an extra 1-2% and call it a day… these cars are a new model still. From the reviews/spec without driving it I think that’s a lot of car for $450 a month.
Learning a lot here and on google. I was a little confused.
I saw this quote online. Special expiring 9/30. carsdirect.com
Monthly Payment: $399 for 36 months
Amount Due at Signing: $0
Effective Cost: $399/month
MSRP: $35,895
Annual Mileage: 10,000 miles/year $0 Down, $0 First Payment. Genesis has extended a Sign & Drive deal on the G70. That means that in addition to requiring no down payment, the brand is covering your first month’s payment and security deposit. But there’s a catch.
To get to this price, you’ll have to be eligible for a $1,000 bonus for coming from a competitor (or other Genesis model). Some may find the G70 a better deal next to cars like the Honda Accord 2.0T Sport ($383).
This is a national offer that ends September 30. Coming from a Hyundai-branded vehicle? You may be eligible for a $1,000 bonus that gets you the price featured her
I emailed the dealer asking if the can offer me there best price based on the base model G70 and the dealer sales rep came back with this:
"we have a black/gray base G70 that is also AWD but we will do the same deal on it as it is also $2000 more / the Genesis $399 + tax pays 1st month’s payment and no security deposit - it does require the conquest or loyalty which you said you qualify for and license fees & tax on cap reduction from the rebate money $918.16 and $399 + tax @ 10,000 miles per year. Let me know if you would like to proceed with this car and we can get everything ready for you. "
Loyalty: My current lease is a hyundai and lease is up in Nov 2019. 2 Months left and I am over mileage. <<< I didn’t mention this to the dealer yet. Also, I would prefer not to have my remaining payments roll over and I would prefer to pay it off when early terminating if that is the case.
The quote from the dealer was 0 down. I haven’t asked yet but I wanted to put $1000 to make my monthly payments lower. Should I ask this at the end with the final MSRP?
Is this a good deal?
How can I properly request the price breakdown to input into the lease calculator? As I am really interested in this deal. I’ve read around and people have been saying to ask for MSRP and the price breakdown.
Should I mention that I want to input the numbers into the lease hacker calculator?
I think the sales tax is based on 7.50% but my area is 9.5%. What are your thoughts about adding my aunt to my lease as a co signer since she lives in an area where the sales tax is 7.75%?
Also I can’t find the terms on the worksheet it’s for 36/10k.
I requested the MF and RV from edmunds but didn’t get a reply yet. but the MF does seem like alot at 0.0005 (APR 1.22%) I thought they were offering 0.9%. How can I properly and politely ask to match the 0.9%
It doesn’t work that way. Just because they’re offering 0.9% on financing (if they are), doesn’t mean that’s what they’re offering on leases. The base MF is set by the bank. There is no negotiating it lower. The dealer can mark up the MF, in which case you can negotiate it down to base. This is where you need the MF data from edmunds.
As far as the taxes, tax rate is based on where the car is registered. Having your aunt as a cosigner doesn’t help, unless the car is just registered to her.
You did not. You’re not putting a down payment and your rebate isn’t post sale. This is accurate to their numbers but with the correct taxes in place:
So this is the MF and RV I got from Edmunds:
36/12
AWD: .00011 MF and 47% residual. $4750 lease cash
RWD: .00006 MF and 46% residual. $5000 dealer cash
My quote is for 36/10k AWD - Is there a way to politely and properly ask to lower the MF? Also then I might ask my aunt to put it under her name with me cosigning and ill pay the monthly. I’ll probably present her with a better proposal
Make them an offer on the car and tell them you want the base MF. The markup on the MF is equivalent to about $800 off the sales price in this case, so you could also keep the MF and as for more off the sales price if they aren’t willing to budge on the MF.
This does assume that you qualify for tier 1 credit.
