I have noticed far more negative than positive feedback on G70 lease deals. Choosing to BUY, over the big down payment and high monthly's for the next 3-years, is clearly a better option.
A $1,000 rebate on signing does help those monthly payments, along with the possibility of negotiating it down a tad more.
Mind you the Genesis G70 comes many years LATE to the segment, so venturing into CPO territory can highlight on better value elsewhere. New for new, the G70 offers a lot but it seems that corporate and its dealers are banking on the fact this G is unlike the rest it sells and have ever sold. In addition to offering high demand features offered elsewhere. Its a well configured sport sedan.
Not offering competitive lease conditions isn't helping and in fact sending people to what the G70 is pitted against, is no wonder they seem to be dying (I rarely spot them, sales are low...they don't exist in the mind of many). As Genesis works to establish a larger dealer foot print, we might see a lease craze commence, along with whenever buying momentum slows. Alex on Autos spoke on it as well back in November 2018.
As for the absurd numbers lease 'deals' Genesis is trying to pass off (feel free to include your numbers), I have seen monthly payments go get very close to $700, enough to lease... an Audi S4, Mercedes C43 AMG and essentially vehicles of a much higher caliber and class. Personally I wouldn't go over $2000-3000 at signing and $400-450 a month. Beyond that Genesis can take a hike. Kia Stinger lease deals are actually deals. I'm told the tuning of both the G70 and Stinger created two very different models among the other things you're giving up if going to Kia. At least you won't be making monthly's that often apply to $70k vehicles.
According to the latest leasing bulletins, the Genesis G70 2.0T (MSRP $35,895) is listed at $359 for 36 months with $2,699 due at signing. That gets you a rear-wheel drive base trim with an automatic transmission and a 2.0-liter turbocharged engine making 252 hp.
The offer equates to an effective cost of $434/month and comes with an allowance of 10,000 miles of driving per year. At that price, the G70 is $17/month cheaper to lease than a 2018 BMW 320i ($451) and $20 less than a 2019 Mercedes-Benz CLA250 ($454). Although that sounds pretty good, there's a catch
I'm curious what everyone's dealership experience was like. It seems like some folks it's been pretty brutal.
For some reason I was under the impression that when Genesis broke off from Hyundai that they had to have their own dealership. As it turns out, they just need their own dealer licenses...
On average, auto insurance for a Genesis G70 is $170 a month, or $2040 a year.
Its a number gathered from a handful of 2.0T and 3.3T G70 owners I know. One of them that's closer to retirement is at $100/month and with other highly favorable factors! (cheaper than a 340i he traded in)...
A total of 716 Genesis G70 have joined our family since the 2020 kicked off :)
GENESIS REPORTS INCREASED JANUARY 2020 SALES
VIEW ONLINE
Feb 3, 2020
ID: 173
FOUNTAIN VALLEY, Calif., February 3, 2020 – Genesis Motor America today reported sales of 1,399 units in January 2020, a 14.3 percent...
Just curious what kind of purchase price people are getting on their G70s. If you could, please list purchase price and your engine/trim/packages.
I'm interested in a 2019 2.0T with RWD and Elite package ($40,895 MSRP).
I read that the manufacturer is offering $2,500 dealer cash, $1,000 year...
Comparing G70 trims, I wonder why anyone would go without the Ultimate Package.
Without the Michelin PS4S (really grippy) and brembo stopping power that are part of the package I feel its less of a car and doesn't do this platform justice. With, it brings the G70 to life in a way that makes...
