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Hyundai Sonata Lease Questions

1221 messages,  Last post on May 17, 2013 at 8:25 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Hyundai Sonata, Car Leasing, Sedan

Messages Page 123 of 123

#1212 of 1221 Help Sonata se by xian5681

May 09, 2013 (12:45 pm)

Hey Carman,
 
First time trying to lease and found this offer and would love your opinion on what I can do to work the deal in my favor.
 
Thanks in advance.
 
2013 Hyundai Sonata 4dr Sdn 2.4L Auto SE 4dr Car
LEASE FOR ONLY $ 199.00 A MONTH
2013 Sonata SE. Lease for only $199.00 a month. 36 month lease. 12K miles per year(36,000 miles total). $.20 excess mileage charge. Zero security deposit. One at this payment DHS0838. HMF lease bonus $1,000. Valued Owner/Competitive Owner Coupon $500*. Military rebate $500** and $ 2,195 cash or trade equity due at lease signing. On approved credit. * Must be currently registered Hyundai owner or own any vehicle except Kia. **Active duty/retired military, veteran, reservists eligible. Proof of service required. Payment plus tax, license, doc fee and other Government fees apply. Offer ends 5/31/13 or when sold.

#1213 of 1221 Re: Help Sonata se [xian5681] by oilmutt

May 09, 2013 (9:15 pm)

Replying to: xian5681 (May 09, 2013 12:45 pm)
I leased a 2013 sonata 2.4L with power driver seat for 36 mo.,36k miles for 0down at $220.00 per mo. including all fees and taxes. You should be able to beet my price with the current competive marketplace.

#1214 of 1221 Re: Help Sonata se [oilmutt] by salesguyjay

May 10, 2013 (11:05 am)

Replying to: oilmutt (May 09, 2013 9:15 pm)
On a GLS with pref pack you can definitely negotiate to be at or near that 200/month mark.
 
My advice is to figure out which Sonata you want - then let us know so you can get the appropriate MF / Residual to ensure the dealer isn't adding his points to the MF.
 
Hyundai is still very hot right now - but aren't happy with their sales results from last month - so there's a huge push ESPECIALLY in leasing to get them on the road.
 
You should definitely expect a discount of around $1500 and $1500 in lease cash/rebates!!

#1215 of 1221 Leasing question by steeb

May 13, 2013 (7:48 pm)

Hello,
 
I currently have a 2011 Hyundai Sonata GLS I leased on 1/14/2011. I pay $250/mo - 36mo 12k miles/yr. I put down $1200 which included a trade in, taxes, first month payment and fees / tag etc.
 
The lease is up in Jan, I am currently 2k miles under my lease. The dealership wants me to trade in my car early for a GLS with the higher package with fog lights, alloy wheels. It would be nothing down, hand in keys and go payments would be $250 a month still for 36 months.
 
I asked about about the SE with navigation package, he said it would be $325/month with nothing down, just an increase in my monthly payment. My credit is not perfect, but in the lower 700's.
 
Are these good prices or can I do better elsewhere?

#1216 of 1221 Re: Leasing question [steeb] by salesguyjay

May 14, 2013 (5:41 am)

Replying to: steeb (May 13, 2013 7:48 pm)
Credit is fine - Still puts you Tier 1.
 
Just make sure you see how they acquired the numbers to come to that payment. DO NOT NEGOTIATE ON PAYMENT!!!
 
Make sure the money factor is .00102 ... They probably have you .00142 right now - and it shouldn't be. Residual is 60%.
 
Find out what kind of discount you've gotten to get to that $325 payment. I'm pretty sure you can get under $300, but i haven't run the physical numbers.
 
You should be getting at minimum a $1500 discount off MSRP ... BEFORE REBATES.
 
Good luck!

#1217 of 1221 Re: Leasing question [salesguyjay] by steeb

May 15, 2013 (5:14 pm)

Replying to: salesguyjay (May 14, 2013 5:41 am)
So I went to the dealer tonight and they offered the SE pack1 (without nav) for 299/mo. I am trying to get them to go for under $300/mo for the SE with nav.

#1218 of 1221 Re: Leasing question [steeb] by salesguyjay

May 16, 2013 (6:15 am)

Replying to: steeb (May 15, 2013 5:14 pm)
What was the money factor? How much did they discount the car? Let me know - lets make sure you get a good deal

#1219 of 1221 Carman: May Lease Rates? by newleaser2

May 16, 2013 (6:14 pm)

My 2011 sonata lease is up in a few weeks, I'm planning on heading to the dealership this weekend to turn that one in and lease another.
 
Can anyone provide current money factor/residual value info for the GLS and Limited models on a 3yr 12k mi lease? I've looked around and keep finding conflicting info.
 
Also, we're considering trading in my wife's car to purchase a 2013 Santa Fe Sport. I expect 6-7k for her trade in. Because of the low miles on my Sonata I'm confident there's 2k in equity above my buyout price. Any advice about negotiating the purchase of this car alongside the lease of a new sonata would be much appreciated.
 
I'm hoping we'll be able to get some real bargaining power by getting 2 cars.

#1220 of 1221 Re: Carman: May Lease Rates? [newleaser2] by salesguyjay

May 17, 2013 (9:54 am)

Replying to: newleaser2 (May 16, 2013 6:14 pm)
GLS:
MF is either .00095 or .00085 depending on exact model... Residual for all is 61%
 
LIMITED:
MF is .00109 across the board and residual is 58%

#1221 of 1221 Re: 2013 Sonata Limited Lease Question (15,000 miles/ 36 months) [Car_man] by tashakori

May 17, 2013 (8:25 pm)

Replying to: Car_man (May 07, 2013 4:33 pm)
I just leased a Sonata (GLS) Yesterday in Michigan. The money factor for this vehicle is currently set at 0.00089 and 60% residual on a three year lease. FYI, the money factor is the same regardless of the mileage. Hope this helps.
 
P.s. I was able to get $1500 in incentives

Messages Page 123 of 123

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