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Lease A Loaded Luxury Sedan For Mainstream Car Money: Genesis From $296/Month, $0 Down

2016 Genesis sedan (source: www.hyundaiusa.com)

2016 Genesis sedan (source: www.hyundaiusa.com)

Next year, Hyundai will launch Genesis, a new luxury brand aimed squarely at the likes of Lexus and Infiniti. The lineup will initially consist of two cars: G80, a midsize luxury sedan that's currently sold as the Hyundai Genesis, and G90, the all-new flagship with Mercedes-Benz S-Class in its crosshairs.

Even with its humble Hyundai badge, which many replace with the Genesis winged emblem, the current Genesis sedan is a legitimate luxury contender. It rides on a dedicated rear-wheel drive platform (all-wheel drive optional) and comes with levels of equipment you expect from a car of this class. And now, thanks to increased incentives, you can lease a nicely equipped Genesis sedan for mainstream money. 

Lease Program - Valid Through July 5, 2016

The cost of leasing a particular car is determined by its lease program, which is set by the manufacturer, and the selling price, which is set by the dealer. Here is Hyundai Motor Finance's current lease program for 2016 Genesis sedan assuming top tier credit:

36 months, 10,000 miles/year
Genesis 3.8 RWD Genesis 3.8 AWD Genesis 5.0 RWD
Residual Value 57% 58% 54%
Money Factor .00017 .00035 .00025

Subtract 1% from the residual value for 12,000 miles per year. Subtract 3% from the residual value for 15,000 miles per year. Here are the incentives currently available nationwide:

Incentives
Incentive Availability Amount
Lease Cash All $3,500
Competitive Owner/Loyalty Targeted $1,000
Memorial Day Military Bonus (through 5/31) Targeted $1,000
BoostUp Down Payment Match Targeted $500
College Grad Program Targeted $500

Selling Price

A 2016 Genesis with Signature Package (adds panoramic roof, heated and cooled seats, blind spot detection, and more) has an MSRP of $43,600. In Los Angeles, the average selling price of that model is $41,300 before incentives. The lowest selling price currently offered by a dealer on a car shopping site is $39,030 before incentives.

On Leasehackr Forum, readers are reporting around $4,000 off MSRP, with even greater discounts on demo cars. Your selling price will vary depending on location and available inventory. 

Putting It Together

Use the lease calculator below to customize your own inputs, such as annual mileage and selling price. Here's a sample deal of a 2016 Genesis with Signature Package ($43,600 MSRP) assuming a selling price of $39,030, excellent credit, and use of the $1,000 Competitive Owner incentive (must currently own a non-Hyundai). 

% off MSRP
I want to pay my acquisition fee upfront.
%
Residual (%) at miles/yr
APR: %
Enroll in Mercedes-Benz Autopay to lower the MF by 0.00010
GM One-pay Lease: I want to lower the MF by 0.00073 by paying everything upfront.
APR: %
%
Tax is levied on the monthly lease payment (most states).
Tax is levied on the sales price upfront (e.g. VA, TX, GA).
Tax is levied on the total lease payment upfront (e.g. NY, MN, OH).
First month's payment incl. tax:
Down payment:
Total MSD payment:
Registration and doc fee:
Tax on cap cost reduction and fees:
Acquisition fee:
First month's payment:
Down payment:
Total MSD payment:
Tax on the sales price:
Registration and doc fee:
Acquisition fee:
First month's payment:
Down payment:
Total MSD payment:
Tax on the total lease payment:
Tax on cap cost reduction and fees:
Registration and doc fee:
Acquisition fee: