Last post on May 17, 2013 at 8:25 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Sonata, Car Leasing, Sedan
#1070 of 1221 Re: April end deal [pegasus17]
May 01, 2012 (9:38 am)
Well, she had a decent credit score, but very minimal credit history. The only way they were giving her a good interest rate was if the down payment was higher. Plus, IMO if you can afford to pay a higher down payment, it just saves you that much in interest paid and helps lower payments too (a big point for her). As for the rebates, it's off the hyundai website now (new month) but I know they had $1500 in rebates until yesterday on the 2012 sonata atleast. Don't remember if it was the case with the 2013s or not. That plus $500 valued owner (me) plus $400 college grad comes to $2400.
#1071 of 1221 Re: April end deal [ablawande]
May 01, 2012 (10:21 am)
so she got a 2012 or a 2013 (they are very similar)?
are you sure it was a Hyundai Finance lease?
Your rationale on the down payment is incorrect. If she has an accident tomorrow (gf) and the car is totaled, any down payment is lost. That's the main reason you don't EVER put down a large payment on a lease.
Deal is done so go enjoy the new car!
#1072 of 1221 Re: April end deal [pegasus17]
May 01, 2012 (11:47 am)
Point taken about accidents. Didn't think about that one before. And yes the car is a 2013 for sure, I checked the vin on hmaservice.com, I just don't remember if the rebate applied to the 2013s, or the dealer just gave it anyway. We were originally looking for a 2012 without navigation, but he couldn't find one in the color combination she wanted. Eventually he found us a 2013 in the right colors, but with navigation, since that's the only way to get the panoramic sunroof (Hyundai techs say that's how they could keep the base limited price reasonable, go figure). Dealer negotiated price was: $27,481 btw.
#1073 of 1221 Re: April end deal [ablawande]
May 01, 2012 (1:28 pm)
May I suggest that in future one more thing you can try --rather than applying 4000 bucks as "downpayment'',you can ask the dealer to use that money as a security deposit- that will lower your monthly payments plus it will comeback to you at lease end. That being said,I completely agree with Pegasus that putting so much down in a lease is a little tricky.But congrats anyways on the new car...enjoy!
#1074 of 1221 Re: April end deal [ablawande]
May 01, 2012 (1:35 pm)
Also- I got a 2012 SOnata yesterday as well. I need to add that this is only in 2013 sonata limited that you NEED to add navigation to get the panoramic roof... in 2012 all limiteds( with or without navi) had roofs
#1075 of 1221 april end deal
May 01, 2012 (8:48 pm)
hi can someone please tell me if i over payed for a 2012 hyundai gls lease no money down
48x 364 i have a few add ons like insurance products, tax, tags etc
#1076 of 1221 Re: april end deal [agotti]
May 01, 2012 (9:02 pm)
Need the following
Cap cost reduction
Net Cap cost
MF or Lease/Rent Charge
tax % at your garaging location
#1077 of 1221 Re: april end deal [drjashan]
May 02, 2012 (7:20 am)
cap cost reduction=2189.50
lease/rent charge=364.36x48 months
#1078 of 1221 Re: april end deal [agotti]
May 02, 2012 (7:38 am)
First, the 2013's are already out
2. Yes, you grossly overpaid
3. I don't think you can load up a GLS to 26k
4. Need residual % or value to compute exact numbers
5. what insurance products do you need on a lease?
6. was this a hyundai finance lease?
FWIW, why post AFTER you made a bad deal?
#1079 of 1221 Re: april end deal [pegasus17]
May 02, 2012 (8:04 am)
first time lease for us and you are right i should have done more research before purchasing and it was a hyundai lease
service contract, tire an wheel protection, ding dents wear and tear, simonize are all included in the price totaling like around 3000 for the 48 months
total for vehicle is 23800