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Hyundai Santa Fe Lease Questions

160 messages,  Last post on May 22, 2013 at 4:32 PM

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What is this discussion about? Hyundai Santa Fe, Car Leasing, SUV

Messages Page 14 of 17

#126 of 160 2013 Santa Fe 2.4L FWD Lease by gators4

Dec 10, 2012 (7:46 pm)

Hopefully someone can get back to me within 24 hours on this as I am planning on getting this Wednesday or Thursday. I think I got a fantastic deal but worth checking with you guys to see your input.
  
It's a 36 month lease/12,000 annual miles.
  
2013 Santa Fe 2.4L FWD, Black w/ Dark Gray Leather interior.
Popular Equipment Package and Premium & Leather Package.($3,000 value)
Free Oil Changes for life of Lease(and an additional 2 years after lease if I decide to buy)
  
The lease on Hyundai's website is for $269/mo and its just the base model and that's with $3,000 down and doesn't include taxes, fees, etc.
  
Here is the price I got per month and this INCLUDES all fees, taxes, etc.
  
$308/mo. This includes $3,000 down($2,600 trade in + $400 cash)
  
So what do you guys think?

#127 of 160 Re: 2013 Santa Fe 2.4L FWD Lease [gators4] by Car_man HOST

Dec 11, 2012 (5:15 pm)

Replying to: gators4 (Dec 10, 2012 7:46 pm)
Hi gators4. It's difficult for me to comment on this deal without knowing what this vehicle's MSRP and selling price because I don't know what the payment should be like off of the top of my head. If you tell me what these numbers are I'd be happy to tell you what I think.
 
One thing I can tell you is that you would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease. I always advice consumers to put as little money down as possible when leasing because if your vehicle is totaled in an accident or stolen and never recovered then your down payment might just disappear.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#128 of 160 Re: 2013 Santa Fe 2.4L FWD Lease [Car_man] by gators4

Dec 11, 2012 (6:23 pm)

Replying to: Car_man (Dec 11, 2012 5:15 pm)
MSRP with all that on it is $29,500
Purchase price would be $27,700
 
I will have to look into the no down payment thing. I actually think I would get about $1,000 more out of the car that I'm trading it in if I sold it myself.
 
After seeing the Purchase price what do you think about the $308/mo?
 
Also, they told me now that I could jst put $2,600 down and then make my first monthly payment of $308. Before it was $3,000 down plus initial monthly payment.

#129 of 160 Re: 2013 Santa Fe 2.4L FWD Lease [gators4] by Car_man HOST

Dec 30, 2012 (7:33 am)

Replying to: gators4 (Dec 11, 2012 6:23 pm)
Thanks for the additional information gators4. Let's take a look at the selling price that you were quoted. This vehicle has a spread of around $1,300 or so between its MSRP and dealer invoice price. Add to that the $500 cash incentive that is available on leases of it right now and you have around $1,800 or so to play with in your negotiations. Interestingly, that's the exact discount that you are being given, so I'd say that this is a very good selling price.
 
Just make sure that the dealer is using Hyundai Finance's buy rate lease money factor of .00148 9top credit tier) to calculate your lease payment and you're in business.
 
Ok yeah, and pay as little money at lease signing as possible.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#130 of 160 January 2013 Hyundai Santa Fe Lease Rates by psu1226

Jan 19, 2013 (10:54 pm)

Car_man, do you have any updated info on the residual and MF for a 2013 Santa Fe Sport AWD with 12k miles?
 
Any ideas if the $500 cash incentive still applies for leases?

#131 of 160 Re: January 2013 Hyundai Santa Fe Lease Rates [psu1226] by Car_man HOST

Jan 21, 2013 (2:14 pm)

Replying to: psu1226 (Jan 19, 2013 10:54 pm)
Hi psu1226. Hyundai Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Santa Fe Sport AWD with 12,000 miles per year are .00119 and 60% for consumers who qualify for its top credit tier.
 
Yes there is still a $500 cash incentive on leases of this vehicle.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#132 of 160 Re: January 2013 Hyundai Santa Fe Lease Rates [Car_man] by psu1226

Jan 21, 2013 (6:52 pm)

Replying to: Car_man (Jan 21, 2013 2:14 pm)
Thanks Car_man. I forgot to ask, what is the residual value for 15000 miles and whether there's a difference in the residual if you go for FWD.

#133 of 160 Re: January 2013 Hyundai Santa Fe Lease Rates [psu1226] by Car_man HOST

Jan 23, 2013 (5:43 pm)

Replying to: psu1226 (Jan 21, 2013 6:52 pm)
You're welcome psu1226. Hyundai Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Santa Fe Sport AWD with 15,000 miles per year are .00095 and 56% for consumers who qualify for its top credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#134 of 160 Re: January 2013 Hyundai Santa Fe Lease Rates [Car_man] by agrewal

Jan 28, 2013 (1:27 pm)

Replying to: Car_man (Jan 23, 2013 5:43 pm)
Mr. Car Man,
 
I am trying to determine the right lease payment for a 2013 Hyundai Sante Fe 2.0T with AWD (MSRP 32745, negotiated price 31745).
 
I would like to lease with minimum miles (12k) over 36 month term.
 
How do I make sure that the dealer calculates any down payment and lease appropriately? I understand what capitalized cost, money factor, and residual value are, but I'm not sure how to put everything together, especially in light of acquisition fees, taxes, and so on.
 
Any guidance would be appreciated.

#135 of 160 Re: January 2013 Hyundai Santa Fe Lease Rates [agrewal] by Car_man HOST

Feb 03, 2013 (10:32 am)

Replying to: agrewal (Jan 28, 2013 1:27 pm)
Hi agrewal. I can work up a sample lease payment on this truck for you to give you an idea of what to expect. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Santa Fe 2.0T AWD with 12,000 miles per year are .00114 and 59% for consumers who qualify for its top credit tier.
 
Using these numbers, an MSRP of $32,745 and a selling price of $31,745 (though given the $500 lease cash that's available on this model, this isn't enough of a discount for my taste), I estimate that this truck's zero down, pre-tax monthly payment would be around $404.
 
If I was in the market for this model, I personally would shoot for at least another $500 off. That would lower the pre-tax payment to around $389.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 14 of 17

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