Jump to content
Create New...
  • Drew Dowdell
    Drew Dowdell

    Genesis Introduces Spectrum "All-Inclusive" leasing

      ...fully covered everything for 3 years.

    Genesis has introduced Spectrum all-inclusive leasing.  While not a subscription service like Volvo's Care or Book by Cadillac , Spectrum does include insurance and all maintenance for 3 years.   Subscription leasing services main draw is the ability of the leasee to switch vehicles at some point during the lease.

    Genesis Spectrum covers the following:

    • 3 years/36,000 miles of complimentary scheduled maintenance
    • 3 years/36,000 miles complimentary Service Valet
    • 3 years of complimentary Genesis Connected Services, including Enhanced Roadside Assistance, Destination Search powered by Voice and Remote Start with climate control
    • 3 years of complimentary SiriusXM® Travel Link (Data Services)
    • 3 years of complimentary Annual Multimedia and Navigation Updates
    • Up to $1,525 allowance for excess wear and use, excess mileage, and disposition fee for returning Genesis Finance customers

    Genesis is striking a balance between the car subscription services, which have questionable financial viability, and traditional basic leasing.  Genesis Spectrum will be available first in Florida and then roll out to select markets nationwide. 

    User Feedback

    Recommended Comments

    This makes far more sense for people who do not want to bother with getting insurance. Just lease from the OEM auto company with all service and insurance included. To me this has far more value than the subscription services.

    Link to comment
    Share on other sites

    13 minutes ago, dfelt said:

    This makes far more sense for people who do not want to bother with getting insurance. Just lease from the OEM auto company with all service and insurance included. To me this has far more value than the subscription services.

    It makes it easier to deduct on taxes as well. 

    2 minutes ago, riviera74 said:

    One question: why only three years?  Should they not have a five-year option too?

    I think 3 years is the most popular lease option. There isn't a lot of 5-year leasing out there. 

    • Agree 1
    Link to comment
    Share on other sites

    This makes sense.  I could see this becoming popular... I know part of the reason my parents tried their first lease 3 years ago is because I enticed them with the idea of owning one car, and always having one car completely new, covered bumper-to-bumper, and the only thing they really have to do is get it inspected and have oil changes.

    Link to comment
    Share on other sites

    11 minutes ago, Paolino said:

    This makes sense.  I could see this becoming popular... I know part of the reason my parents tried their first lease 3 years ago is because I enticed them with the idea of owning one car, and always having one car completely new, covered bumper-to-bumper, and the only thing they really have to do is get it inspected and have oil changes.

    Now Genesis will do all of that with Concierge pickup too. 

    Link to comment
    Share on other sites

    6 minutes ago, Drew Dowdell said:

    Now Genesis will do all of that with Concierge pickup too. 

    I honestly wish I had that service because the dealer, even with an appointment, is horribly slow. I end up sitting there for 2-3 hours for an oil change.  And I tried to get it done at Pep Boys and they don't carry the "exotic" and it has to be preordered, which I wish they would tell you when you make the appointment.

    Link to comment
    Share on other sites

    6 minutes ago, Paolino said:

    I honestly wish I had that service because the dealer, even with an appointment, is horribly slow. I end up sitting there for 2-3 hours for an oil change.  And I tried to get it done at Pep Boys and they don't carry the "exotic" and it has to be preordered, which I wish they would tell you when you make the appointment.

    It's a nice thing I have with my Buick. 

    • Like 1
    Link to comment
    Share on other sites

    I find w/ my dealer it's a couple hours minimum with an appointment.  I usually take my laptop and sit in the lounge and work.   Sitting in a doctor's office waiting room working now.

    Edited by Robert Hall
    Link to comment
    Share on other sites

    1 hour ago, smk4565 said:

    I wonder what sort of insurance coverage it will provide.  Is this state minimum coverage?  Or will it be a no deductible, million dollar liability type of policy?

    From the Press Release, I know it doesn't say much.

    Quote

     

    The auto insurance policy from Metlife Auto and Home includes competitive coverage with $500 deductible adding to the customers’ confidence that their Genesis vehicles are fully protected. 

     

     

    • Thanks 1
    Link to comment
    Share on other sites

    6 minutes ago, regfootball said:

    it says you can switch vehicles but i doubt anyone leasing the G70 would want to switch to the others.......ever.....

    I don't see that anywhere in the press release. I'll update the article if I'm wrong... but... not seeing it.

    Link to comment
    Share on other sites

    Quote

    Subscription leasing services main draw is the ability of the leasee to switch vehicles at some point during the lease.

    You're right, my bad.  I read that originally so fast, the Genesis program is not a subscription service.

    And I doubt anyone who wants a G70 would want to stoop to either of the other two Genesi.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Posts

    • This is good stuff, I am glad Ford is expanding and helping the push to eV, the faster we go all EV and EV costs come down the better.  Also it is good they are investing the education side, because this country as a whole needs more people in Manufacturing, auto repair, auto body repair and trades in general.  We kind of got away from making things here and a lot of the people doing trade jobs are older, once they retire we are screwed if there aren't young people doing it too. 2 million EV's by 2026, Tesla is already there.  GM and Ford will probably have a good battle for #2 EV maker, what I don't see from Ford is the volume vehicles outside of F150, which the Lightning as it now is far outsold by the ICE version.  Mach-E isn't a volume product, Ford needs the $30k Escape EV that can sell huge numbers.  Lincoln is a dead brand, you aren't getting volume there.  Ford could do well with pickups and vans for the commercial market.
    • @surreal1272 Common Man, your popping his conspiracy bubble of false narrative about pricing on items that are not Tesla or Mercedes AMG Fan boy crazy prices cause an American Company has built auto's that are collectors items. 🤣 Here is just a portion of what I found in my neck of the woods and I see no price reduction like SMK is saying.
    • Good lord. Did you miss the limited production part of the Demon or do you somehow think there will be millions of them 20 years from now? It should be noted that the other cars you mentioned are all less than 20 years old too so maybe (skipping the fact that I routinely see CTS-V Wagons going for right at their original sticker with low miles), pick a spot and sitka with it because you can't have it both ways. A low mile limited production Demon will fetch above original price 20 years from now. They start at $69K and the Redeye starts at $76K so...go ahead and explain this...   And this...
    • Ouch another FORD Recall. They forgot to put in the proper circuit to allow Trailer Towing. Recall Alert: The 2023 Ford Maverick Can’t Tow (msn.com)
    • Used Hellcats right now are $50-85k for the most part, nothing is going to make those go up in value.  So I don’t see the last call demon selling for like $200k 20 years from now when there will be a ton of cheap hellcats and prior demons out there All the prior CTS-V’s, Camaros, Shelby Mustangs all depreciated.
  • Who's Online (See full list)

    • There are no registered users currently online

This is the Call To Action(CTA)

×
×
  • Create New...

Write what you are looking for and press enter or click the search icon to begin your search