Starting from next week.
The Genesis GV80 is the South Korean luxury brand's first-ever SUV, soon to be joined by the just-revealed GV70. To ensure its new SUV gets off to a good sales start following some pandemic-related delays Genesis is already preparing some attractive new incentives that'll kick in from November 3 according to CarsDirect who obtained a dealership bullet outlining some of those offers. For those wishing to buy instead of lease, there will be a 1.9 percent APR deal for 60 months and a 72-month option at 2.5 percent.
Prefer to lease? There will be a $589 per month deal for 36 months with $5,499 due at signing and a 10,000-mile yearly limit. Now, those offers are for the base model with the 2.5-liter turbocharged inline-four engine.
Those who want to upgrade to the 3.5-liter twin-turbo V6 are actually in luck because there's a $1,000 lease cash offer on the table, which isn't available for the base model. The 3.5T GV80 can be leased from $699 a month with $5,499 up front.
Still, the GV80 isn't exactly a cheap monthly lease. It is, after all, a luxury vehicle. Compared to some of its main competitors, however, the GV80 is an attractive proposition. A new Mercedes GLE 350, for example, can cost over $100 more per month than the GV80 2.5T. The only downside regarding Genesis' November offers is that there won't be any rebates, which isn't exactly surprising for an all-new model.
It's also worth mentioning the outgoing 2020 BMW X5, another direct GV80 rival, is currently being offered with up to $3,000 in rebates. But if your heart is set on a new GV80, the 3.5T is the one you'll want because not only is it more powerful but also has a slight price advantage thanks to the aforementioned $1,000 in lease cash; you simply get more bang for your buck. The more nicely equipped 3.5T Advanced trim isn't being ignored as it will receive $750 in lease cash.
What many would still like to see from Genesis is a loyalty discount or a conquest bonus for those coming from a competitor. All of the above offers are valid through January 4, 2021.