Genesis GV60 Magma Lease Deals

Why Lease a Genesis GV60 Magma?

Because it is a genuinely fast electric SUV that almost nobody else on your road will have. The Magma produces 650PS in Boost mode, gets to 62mph in 3.4 seconds and runs to 164mph, and it is the first car from Genesis's new Magma performance division rather than a trim level with badges.

The engineering is real too. The track is 50mm wider and the ride height 20mm lower than a standard GV60, on 21 inch forged wheels. Its closest relative is the Hyundai Ioniq 5 N, which shares the underpinnings and a similar output, and the obvious German alternative at this kind of pace is the BMW iX2 in its warmest form, though neither offers what Genesis includes with the car.

Genesis GV60 Magma Specification

The Boost mode is worth understanding rather than skipping. It is a short burst function that lifts output from 609PS to 650PS and torque from 740 to 790Nm, which is where the 3.4 second figure comes from. The car is not permanently 650PS, and 609PS is hardly a hardship.

Now the honest trade off, and it is the one thing we would want you to think about before signing. 264 miles of combined WLTP range is modest for a car of this price and size. It rides on 21 inch wheels at a lower ride height, both of which cost efficiency, and anyone driving it in the way it invites will see considerably less than the official figure on a cold motorway. What offsets it is the 265kW charging, which takes it from 10 to 80 per cent in around 18 minutes on a fast enough charger, so the stops are short even if they are more frequent. If you do very long motorway journeys regularly, we would rather you knew that now.

What You Get With a Genesis, Beyond the Car

Genesis does ownership differently from the German brands, and on a lease it is worth real money because it removes costs you would otherwise be paying separately.

• Genesis 5 Year Care Plan. Scheduled servicing and inspections are covered at no charge using genuine parts, for five years or 50,000 miles.
• Collection and return at no extra cost when a service is due, at home or at work, within 30 miles of a Genesis Studio or Retail Partner. The same applies to warranty work.
• Five years of roadside assistance on every new Genesis.
• Complimentary navigation map updates and the My Genesis app for remote functions such as pre-conditioning.
• An eight year or 120,000 mile battery warranty, with 70 per cent of capacity guaranteed.

Two things worth checking rather than assuming. The 30 mile radius is the catch on the collection service: Genesis has around fourteen UK locations, so a good deal of the country sits outside it, and it is worth confirming your postcode before you count that as a benefit. And the current Care Plan does not mention a courtesy car, although earlier coverage of the brand described one, so if that matters to you ask us to get it confirmed in writing rather than taking an older article at face value.

How Safe Is the Genesis GV60 Magma?

The GV60 holds a five star Euro NCAP rating from September 2022, with 89 per cent for adult occupant protection, 87 per cent for child occupant protection and 88 per cent for safety assistance. The weakest of the four scores was 63 per cent for vulnerable road user protection.

One qualification belongs with that, and you will not find it on most pages. Euro NCAP's rating lists the variants it covers, and for the GV60 those are the 168kW rear drive car and the 234kW and 360kW four wheel drive cars. The Magma's 478kW powertrain is not among them, and the car tested was the 234kW version. The structure and the safety equipment are shared, so this is not a reason for concern, but it does mean the rating does not formally extend to the Magma and we are not going to present it as though it does. The 2022 test date matters too, because Euro NCAP's protocols have tightened since.

Boot Space and Towing

We are going to be straight with you here rather than print a number we cannot stand behind. Genesis UK does not publish a boot capacity for the Magma, and the figures circulating elsewhere disagree with each other because they are measured to different points: one widely quoted figure of 670 litres is almost certainly measured to the roof, an Australian source gives 520 litres, and the standard GV60 is usually quoted at 432 litres to the window line. The body is the same as the standard GV60, so that is the sensible frame of reference. Genesis UK does not publish a braked towing figure either. If either number decides it for you, ask us and we will get both confirmed from Genesis in writing before you commit to anything.

Genesis in the UK: What a Lease Customer Should Know

Genesis is Hyundai's luxury brand and it is a small operation in Europe. The UK is one of only three European Genesis markets, alongside Germany and Switzerland, and the range here has been pared back: the G70 saloon and GV80 SUV are no longer imported. Since January 2025 Genesis UK has taken new orders on electric cars only, so the petrol and diesel models are no longer part of the forward range.

That is not a warning, and the network here is growing rather than shrinking, with retail partners added in Leeds and Cannock among others. It is simply context you should have, and it is one of the better arguments for leasing rather than buying a car from a brand still establishing itself. On a lease the funder carries the residual value risk, not you. You hand the car back at the end of the agreement whatever the used market has decided a small volume luxury brand is worth by then, which on a performance derivative of a niche model is a genuine protection. Our guide to electric car residual values explains how that is priced.

Leasing a Genesis GV60 Magma

Two numbers drive most of your monthly cost: the initial rental and your annual mileage. A larger initial rental brings the monthly figure down, and the mileage you choose sets the contract. Be realistic about it, because excess mileage is charged at the end and this is not a car you will want to drive gently.

On a fully electric car, business leasing and salary sacrifice are where this becomes a very different proposition, because electric company cars attract far lower Benefit in Kind company car tax than petrol or diesel and the saving scales with the value of the car. On something with this list price the difference against a petrol equivalent is substantial. Rates are set per tax year and rise on a published schedule, so check the current figure, and we are a credit broker rather than a tax adviser so your accountant should confirm your own position.

Two practical things we would flag. Tyres, because 21 inch Pirellis on a 2,240kg car with 650PS are not cheap and they will not last long if you enjoy it, so ask us whether a maintenance package that includes them is worth it for your mileage. And insurance, which on a car this quick from a brand with few UK comparables is worth getting a quote on before you sign rather than after.

Why Lease a Genesis GV60 Magma with LetsLease?

Compare the latest Genesis GV60 Magma lease offers with fixed monthly payments, flexible contracts and one consultant from enquiry through to delivery.