Even though there are many discounts, a lease can still be expensive.
The Genesis G90 model was the brand’s least-sold model, despite steady sales from 2018 to 2019. Genesis gave this luxury sedan a major mid-cycle redesign last year, almost a year after its flagship model set sail in South Korea. A new report by Autos Direct cites a bulletin that was sent to Genesis dealers. The G90’s refreshed model is now starting to arrive at dealerships.
To lure customers, Genesis offers up to $6750 off a G90 lease. The savings amount depends on the trim. The publication states that customers can save up to $5,000 on the G90 Premium. This amount jumps to $5,250 if they choose all-wheel drive. G90 Ultimate eligible for $4,000 rear-wheel drive, and $5.750 AWD
Lessees can also be eligible for one or two $1,000 discounts. One is a conquest bonus for Genesis customers, the other for Genesis customers. Customers could save as much as $6,750 if they add up all the savings. A G90 lease isn’t the most cost-effective option, even with all those savings.
A G90 lease is still very expensive, even though CarsDirect has stopped working. Genesis has listed a G90 Premium lease starting at $899 per month with $5,999 due at sign-up. This is $1,066 per month, but that drops to $1,038 if the $1,000 bonus is available. According to the publication, those looking for a luxury sedan can consider the 2019 Lexus LS 500. However, a more equipped 2020 BMW 740i and 2020 Mercedes S450 lease are more expensive.
was Hyundai’s bold foray into luxury segment. It closed 2019 with a double-digit increase in sales. This is impressive for a brand which will be launching its first SUV tonight. G90 sales were steady in comparison to 2018, even though the G70 sedan was responsible for more than half the brand’s total sales. The G90 is still a leader in sales, with only 2,238, a decrease of two over 2018. These lease deals expire February 3, so a major redesign is necessary to attract new customers.