2022 Genesis G70 Lease Price Is Unbelievably Expensive

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

, Senior Pricing Analyst - May 6, 2021

The first lease prices on the 2022 Genesis G70 are awfully expensive. According to a bulletin sent to dealers, the reengineered luxury sports sedan will debut at $489 for 36 months with $3,599 due at signing. With an effective cost of $589, it'll be $180 per month more than the outgoing model and could be a questionable value.

That said, a closer look at the new G70's introductory lease reveals that the deal is for the more powerful 3.3T model based on an MSRP of $43,145. In contrast, the 2021 G70 2.0T is listed at $409 for 36 months with $0 at signing based on $37,045 with destination. That's an important distinction, but it doesn't explain everything.

Delving deeper, the lease for the 2022 G70 has a rate equivalent to 4.2% APR and no lease cash to bring down the price. A decent residual value of 63% can't help make up for the fact that the 2021 G70 is a relative steal. In the case of the aforementioned deal on the 2.0T, you'll find a rate of 1.4% and $4,000 in lease cash.

We don't yet know why Genesis is opting to showcase the 3.3T first. Even with revamped models, automakers usually begin promoting their most affordable leases first. We think this is an important detail worth considering if you're looking at the cheapest luxury car leases and cross-shopping ahead of the Memorial Day holiday.

For that kind of money, you could make a major upgrade. Infiniti is offering a whopping $6,500 lease incentive on the Q50 Red Sport 400. Here in Southern California, it's listed at $449 for 39 months with $6,329 at signing, or $611/month. That's just $22 more than the G70 despite a nearly $14,000 difference in MSRP.

This Month's Best Lease Deals »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

Privacy Policy|Do Not Sell My Personal Information|Terms of Use|Cookie Policy|Disclaimer|
COPYRIGHT 1999-2021 MH Sub I, LLC dba CarsDirect.com