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Hyundai Sonata Lease Questions

1234 messages,  Last post on Jun 15, 2013 at 6:59 PM

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

Messages Page 107 of 124

#1057 of 1234 Early Termination? by niteflite888

Apr 12, 2012 (7:57 pm)

Hi, all. Last yr i signed a lease agreement on a 2011 GLS auto with 0 down, paying ~250/mo including all fees. My buyout price is $12,000 in march 2014. The car's been fine but I was just wondering - would the hyundai dealer consider an early return if i buy one of their cars? I'm thinking a used or new genesis... How does something like this usually work? My guess based on the price of 2009 sonatas now is that this car in 2014 can have a resale value of 12,000 - 14,000 given that the current generation sonata is so much more popular.

#1058 of 1234 Re: Early Termination? [niteflite888] by LASHAWN

Apr 17, 2012 (2:39 pm)

Replying to: niteflite888 (Apr 12, 2012 7:57 pm)
They most definitely will.

#1059 of 1234 New Lease Completed by travdog34

Apr 17, 2012 (7:22 pm)

Just finalized a new lease for a 2012 A/T GLS Sonata with the popular package.
 
36 month lease
12k miles/year
 
MSRP on the car is $22,775.
 
$0 due at signing and $235/month after that. I felt like I got an awesome deal. Anyone else have any insight?
 
Btw... I used Carwoo.com. Pretty sweet!

#1060 of 1234 Hyundai Finance's April buy rate lease money factor and residual value ??? by nycantzman

Apr 22, 2012 (10:50 am)

Car Man please tell what the numbers are for April...
For consumers who qualify for its top credit tier 36-month lease of a 2012 Sonata SE with 12,000 miles per year
 
Thanks!

#1061 of 1234 Re: $1500 cash incentive [sleepysoo] by Car_man HOST

Apr 22, 2012 (3:40 pm)

Replying to: sleepysoo (Mar 26, 2012 1:33 pm)
You're welcome sleepysoo. Yes, the cash incentive would enable you to negotiate a selling price that's below dealer invoice. If I was in the market for a Sonata right now, I personally would shoot for a selling price of around $500 over invoice and then have the dealer subtract the incentive.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1062 of 1234 Re: Questions on lease of Sonata GLS manual [zheka] by Car_man HOST

Apr 22, 2012 (3:44 pm)

Replying to: zheka (Mar 28, 2012 10:39 am)
Hi zheka. Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata GLS with a manual transmission and 15,000 miles per year are .00109 and 56%, respectively for consumers who qualify for its top credit tier.
 
I believe that 15,000 miles per year is the highest mileage allowance that Hyundai Finance publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1063 of 1234 Re: April 2012 Money Factor [buggyrider] by Car_man HOST

Apr 22, 2012 (3:59 pm)

Replying to: buggyrider (Mar 31, 2012 7:11 pm)
Thanks buggyrider. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata Limited with 12,000 miles per year are .00166 and 55%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 48-month lease are .00164 and 49%.
 
Yes, there is a $1,500 cash incentive on leases of this car right now. Make sure to take it into account when negotiating your deal. With it, you should be able to negotiate a capitalized cost of under invoice.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1064 of 1234 To Car Man or anyone who is good at this- Need your help please!! by drjashan

Apr 28, 2012 (10:26 am)

I am trying to negotiate a deal on 2012 Sonata 2.0 T Limited with Nav in White with black interior( i know its about 200 USD higher than any other exterior color) - its a car that's extremely hard to find...and the dealer has come up with this
 
$ 2000 down (including first payment etc) for $347 a month including PA taxes. for 15000 miles and 36 months.
 
Do you think its a good deal?
 
I must add the MF was 0.00186 and residual is 54%. the deal includes a 1500 USD rebate
 
thanks a ton

#1065 of 1234 Re: To Car Man or anyone who is good at this- Need your help please!! [drjashan] by pegasus17

Apr 28, 2012 (12:12 pm)

Replying to: drjashan (Apr 28, 2012 10:26 am)
REF: 1064
Need MSRP and sales price to calculate deal goodness
Also, why is the money factor higher than carman's data (.00164)
PA sales tax rate = xx%
acq fee = 595?
Remember monday is the last day of the month. No need to jump the gun!
FWIW, never ever put down more than 500 out-the-door money on a lease.

#1066 of 1234 Re: To Car Man or anyone who is good at this- Need your help please!! [pegasus17] by drjashan

Apr 28, 2012 (1:50 pm)

Replying to: pegasus17 (Apr 28, 2012 12:12 pm)
thanks a ton for the reply.
MSRP is quoted at 31905 ( this includes some extras on the car)
Sales price is 26072
MF is 0.00186.I checked the 2.0 T Limited has this MF for some reason.I do have excellent credit.do you think i can negotiate further for o.oo164?
PA tax is around 6+3 ( 9) percent
Acq fee quoted at 703 and I was also told there is tax amount due for approx 1100 USD. I was told we are taxed twice on leases in PA.( i did not know that- I would like a comment on that please)- both these payments are taken care of by the 2000.
Residual is 54%( terrible but I knew this before hand that 2.0T LTD have bad residuals)
This vehicle is being brought from another dealership since no one had this exact one close to me.
 
Please advise

Messages Page 107 of 124

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