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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 115 of 123

#1138 of 1221 Re: 2013 Sonata Limited [drinkjuice] by Car_man HOST

Nov 25, 2012 (8:41 am)

Replying to: drinkjuice (Nov 05, 2012 8:50 am)
Hi drinkjuice. Hyundai Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata SE with 12,000 miles per year are .00100 and 61% for consumers who qualify for its top credit tier.
 
The numbers for the Turbo version of this car are .00133 and 63%.
 
When negotiating your deal on these cars, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of them.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1139 of 1221 Re: 2013 Sonata Limited [sirjared] by Car_man HOST

Nov 25, 2012 (8:43 am)

Replying to: sirjared (Nov 05, 2012 10:00 am)
Hey sirjared. Hyundai Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata GLS with 12,000 miles per year are .00123 and 62% for consumers who qualify for its top credit tier.
 
The residual value for a lease of this car with 10,000 miles per year would be 1% higher.
 
I don't think that PZEV makes any difference with the lease program.
 
There is a $1,500 cash incentive on leases of this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1140 of 1221 Re: 2013 Sonata Limited and Limited 2.0T [bmwnewbie530i] by Car_man HOST

Nov 25, 2012 (8:50 am)

Replying to: bmwnewbie530i (Nov 06, 2012 9:18 pm)
Hi golfmaven. Hyundai Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata Limited with 12,000 miles per year are .00136 and 58% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a '13 Sonata Limited 2.0T are .00142 and 59%.
 
There's a $1,500 cash incentive on leases of these cars right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1141 of 1221 Sonata Hybrid Lease by sky21

Nov 27, 2012 (1:49 pm)

Just negotiated this lease at a dealership in SC .
 
MSRP - $ 28,355
 
Sign and drive - $341.00
 
Term - 36 mos.
 
18 k a year mileage
 
Any thoughts on how good a deal this was.

#1142 of 1221 Hyundai Sonata Ltd 2013 Lease by ruthg3

Dec 01, 2012 (9:50 pm)

I leased a Sonata Limited basic (just floor mats, cargo mat, mud guards as options) in November and I wonder whether I got a good deal. It was for 36 months, 12k miles. If I could do better I'd like to know because my mom wants me to help her lease the same car in December.
  
MSRP $26,901
Cap Cost $22,200
Sign & Drive - $290/mo (included 1st mo, 7% tax & all fees)
I've seen some in this forum mention a Limited for $21,250 but the cheapest Trucar I saw in NJ was $23,312 and I worked from there.
 
Also, Car Man could you please tell me the residual, money factor and if there are incentives for the same basic 2013 Sonata Limited 36 months, 12,000 miles.
 
Thank you! This forum has been very helpful and informative!

#1143 of 1221 Re: Hyundai Sonata Ltd 2013 Lease [ruthg3] by pegasus17

Dec 04, 2012 (10:08 am)

Replying to: ruthg3 (Dec 01, 2012 9:50 pm)
REF: 1142
I get 25845 for a Limited with your stated options. How did it become 26901? Seems too high. Also, i assume the cap cost includes the 595 acq fee from HMF. Any other fees stipulated?

#1144 of 1221 Re: Hyundai Sonata Ltd 2013 Lease [pegasus17] by drinkjuice

Dec 04, 2012 (10:31 am)

Replying to: pegasus17 (Dec 04, 2012 10:08 am)
Did I get a good deal?
 
I leased a 2013 Sonata Turbo Limited (no nav) for $308.01 a month for 36 months, 12k . $0 down, and paid $614 for new plates and first month fee.
 
$595 bank fee and taxes are rolled into payments
 
Sticker price on car was $28,810.00 (mats, mud guards, cargo net, rear bumper protector, and wheel locks)
 
Gross capitalized cost = $27,133.64
Capitalized cost reduction = $1,500
Adjusted capitalized cost = $25,633.64
Residual value = $16,709.80
Depreciation = $8,923.84
Rent Charge = $2,164.52
Total of base payments = $11,088.36
Lease payments = 36
Base payment = $308.01
 
 (itemization of gross cap cost)
Agreed value of vehicle = $25,462.88
Taxes= $1,075.76
Acquisition fee = $595
 

#1145 of 1221 Re: Hyundai Sonata Ltd 2013 Lease [pegasus17] by ruthg3

Dec 04, 2012 (8:06 pm)

Replying to: pegasus17 (Dec 04, 2012 10:08 am)
Thank you for replying to my post.
 
The invoice price was 25845, MSRP was 26901. The cap cost did not include the 595 acq fee, the monthly amount from the cap cost was $235.50, added $15.50 for tax and $31/ mo for all fees (acq fee, mv fee, tire, etc) for a total of $282 but took it as $290 sign & drive instead.

#1146 of 1221 Re: Hyundai Sonata Ltd 2013 Lease [ruthg3] by pegasus17

Dec 06, 2012 (11:53 am)

Replying to: ruthg3 (Dec 04, 2012 8:06 pm)
REF: 1145
I am confused. So your total lease cost is 35 payments of 290 and that's all? I assume "Sign and drive" means you put down zero money before taking delivery. Also, how did your MSRP go from 25845 to 26901? What did they add? What is a tire fee? State specific?
I am looking to lease before Jan 2...thx

#1147 of 1221 Re: Hyundai Sonata Ltd 2013 Lease [pegasus17] by ruthg3

Dec 06, 2012 (6:35 pm)

Replying to: pegasus17 (Dec 06, 2012 11:53 am)
Sorry for confusion...I'll try to be clearer now.
 
Sonata Limited 2013 with floor mats, cargo mat & mudguards
 
MSRP $26,901
Invoice $25845
Cap Cost $22,200 (based on some posts I've seen could maybe do better closer to $21,500k)
NJ tax of 7% $558
All fees (MV, doc, bank fee) $1113
 
Payment would have come to $282 per month for 36 months but we did $290 with zero money down for 35 months.
 
This included a $500 loyalty coupon, $1500 Hyundai lease incentive.
 
My mom wants to lease a Sonata also so I already spoke to the dealership that I may help her lease this month. Frankly believe I can do even better although felt this was a solid deal. If I do get the cap cost down I will post & let you know.
 
This was Flemington Hyundai, Flemington NJ. I started with Trucar price, spoke with internet manager and worked down from there.
 
Hope this helps.

Messages Page 115 of 123

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