Quote:
Originally Posted by ///M TOWN
Quote:
Originally Posted by Jbonly21
I am surprised nobody mentioned that KIA and Hyundai doesn't hold its values at all even worst then Bmw. If you bought that G70, after two years it's worth nothing.
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If you lease it,
Nobody really cares but KIA. |
If you lease it and the residual is 50% then you care because your payments are higher. Thats the residual for a 36 month 10K lease on a 2019 G70 3.3 AWD for October 2019, the 2020 models just came out the residual is a little higher (around 52 or 53%), but that has a huge impact on the price you pay per month.
The 2020 m340i's residual for a 36month 10k mile lease is 61%
MSRP might be cheaper but at least for leasing isn't the only important number.
For a quick hypothetical comparison, a $60k msrp m340i with a 10% discount (very common) no incentives at a 61% residual and I made up the interest rate as 0.001 MF plus 7 msds would lease for $569/month before tax, $0 down except msds which you get back at the end of the lease.
A $51k G70 with an 8.5% discount (about average I think?), no incentives at a 52% residual, same interest rate but no msds (genesis doesnt offer it I dont think), would lease for $650/month before tax, $0 down.
These are just hypotheticals but you can see how a car's value after 3 years can influence the lease price substantially.
I have a nearly fully loaded m340i (missing the tire and cooling package), and I pay $580/month with $0 down (not counting msds which I get back).
This also demonstrates how msrp doesn't mean anything when it comes to leasing, and even buying the car if dealers are willing to come down a lot off msrp vs. another brand that doesn't have as much wiggle room. It allows Genesis to attract value buyers with a lower msrp I guess but if you do your homework you could have a BMW for less!
