Summary
– Genesis is offering a $7,500 discount on its EVs for both leasing and purchasing until the end of April
– The discount is available for the GV60, Electrified GV70, and Electrified G80 models
– The discount cannot be combined with low-interest financing for purchasing
– Genesis EVs are not eligible for the $7,500 federal tax credit when purchasing
– The starting price for the entry-level GV60 crossover is $45,850 with the discount
Article
Genesis EVs are receiving a $7,500 discount this month for both leasing and purchasing. This discount is available for the GV60, Electrified GV70, and Electrified G80 models until the end of April. The entry-level GV60 crossover’s starting price is reduced to $45,850 with the discount, while the larger Electrified GV70 sees its MSRP drop from $67,800 to $60,300. However, the flagship Genesis Electrified G80 sedan is not eligible for the purchase discount, but the $7,500 lease cash incentive is still available.
When it comes to purchasing a Genesis EV, the discount is available, but it cannot be combined with low-interest financing. The GV60 and Electrified GV80 models are eligible for 5.49% APR for 60 months or 5.99% APR for 72 months. Additionally, none of the Genesis EVs are currently eligible for the $7,500 federal tax credit, making the GV60 around $9,000 more expensive than the entry-level Tesla Model Y. The base Genesis GV60 has a single electric motor with 225 horsepower and an EPA-estimated range of 294 miles on a full charge.
While the Genesis EVs may not be eligible for the federal tax credit, they still offer competitive pricing and features. The larger Electrified GV70 SUV comes with all-wheel drive and an EPA-estimated range of 236 miles. On the other hand, the Electrified G80 sedan starts at $75,625 and is only available with all-wheel drive and an EPA-estimated range of 282 miles. Despite the lack of federal tax credit eligibility, Genesis is making EV ownership more accessible with these discounts and incentives.
Genesis is part of the Hyundai Motor Group and is now joining other automakers in offering discounts on their electric vehicles. The company is looking to attract more customers by providing $7,500 off its EVs for leasing and purchasing. This move comes at a time when electric vehicle prices have been fluctuating, with other manufacturers like Tesla and BMW also making adjustments to their pricing and leasing options.
In conclusion, Genesis is taking steps to make its electric vehicles more affordable and attractive to potential buyers. With a $7,500 discount available for leasing and purchasing until the end of April, customers can save on the GV60, Electrified GV70, and Electrified G80 models. While the federal tax credit is not applicable to Genesis EVs, the company is still offering competitive pricing and features to compete with other electric vehicle manufacturers in the market. Overall, Genesis’s entry into the discount game for EVs shows their commitment to making sustainable transportation more accessible to consumers.
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