Last post on Nov 28, 2013 at 12:40 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Sonata, Car Leasing, Sedan
#1229 of 1292 Need Help Looking to lease Sonata GLS
May 29, 2013 (5:27 pm)
Ok guys here's what happened, my father went to go Millennium Hyundai in NY to lease a car. My father told me he wouldn't give out the exact breakdown, but he gave him a printed piece of paper from the dealership with all the pricing. Should he go for this deal or is there more room?
2013 Sonata 4D Sedan GLS Auto
Original MSRP $23140
Dealer Cost $22394
Selling Price $18396.69
Residual Value 59% $13652.60
Mileage Adj +2% $462.80
Adjusted Resideual Value $14115.40
Trade in $2300
36 Months $149.00
The thing that I didn't like is that he wanted to take the trade-in $2300 + another $1300 for taxes
#1230 of 1292 2013 sonata lease- but Upside down big time
Jun 02, 2013 (8:18 pm)
CarMan, I need a little help very upside down in my 2011 sonata se turbo 101,000 miles. Buyout is $16,000.00
According to dealer they are giving me $10,ooo so I'm - $6,ooo
On a 2013 sonata base auto transmission
Looking at $425 a month 48 month lease with a total of $1,500 out of pocket
Seems like a horrible deal am I correct ?
Jun 08, 2013 (3:15 pm)
Does anyone know the residual value and money factor for a 2014 Sonata GLS 36month lease with 10k miles/ year?
#1232 of 1292 Re: 2013 sonata lease- but Upside down big time [upsidedown2011]
Jun 13, 2013 (2:57 pm)
Hi upsidedown2011. That's a lot of negative equity to bury. Is your current Sonata giving you any trouble? You would probably be better off waiting until you are less upside down to get something new.
I would be happy to evaluate the deal that you were quoted on the new Sonata, but it would be easier for me to do so if we separate the deals. What are the MSRP and selling price that you are being charged?
Prices Paid: Buying & Leasing Experiences Forum
#1233 of 1292 Sonata 10,000 Mileage Lease?
Jun 15, 2013 (5:46 pm)
A couple of dealers here in SoCal told me that Hyundai doesn't offer a 10k mile/yr lease on a Sonata; 12k is the lowest. Is this accurate? They've got to be one of the only manufacturers who don't do ultra low mileage leases if this the case.
#1234 of 1292 Re: Sonata 10,000 Mileage Lease? [straightdope]
Jun 15, 2013 (5:59 pm)
I was told the same thing by 2 different Hyundai dealers in my area. I think it may be a general HMAC leasing rule, not just for Sonatas.
#1235 of 1292 Sonata Lease / Trade In
Jun 21, 2013 (9:48 am)
Our current lease ends in sept and its a 2010 Sonata GLS with 26k miles (very low mileage). Our dealer contacted us, and said we can end the lease early, and help us with a new purchase/lease of another vehicle. They offered first payment free 1st THREE months, monthly would be $199+ sales tax. No down, No security Deposit. I kept asking if there are other fees, and they kept saying NO. Not sure if they're playing games, but I thought there is acquisition fee, title fee, or other fee's that make up. But the guy insisted there are no other fees. Assuming that's true, is that a good deal ?
#1236 of 1292 turning In Lease Vehicle
Jun 21, 2013 (9:51 am)
Our first time returning our lease vehicle (sonata gls). What do you they inspect ? What kind of excuses will they make to make you pay as "excessive wear and tear"? The interior of the car is so clean, there are no dents, maybe just some bird poop. However, there is a minor ding on the front window from a rock, that's hardly noticeable. Thinking about covering it up, so it looks like white bird poop.
#1237 of 1292 Re: turning In Lease Vehicle [linhsi]
Jun 21, 2013 (12:18 pm)
Hyundai should send you information near lease end about wear and tear policies. If they don't, call Customer Service and ask for it.
Also ask them, if you get a lease on a new vehicle, if they will give you special consideration on wear and tear on the old car. Nissan offered me $500 towards any wear and tear charges on my 2010 Sentra if I were to lease a new car. Also offered to cover up to 4 payments, and gave me a real nice deal on a 2013 Sentra. I didn't take them up on it because I don't like the 2013 Sentra and no other Nissans interested me.
You could take the car in early to the dealer and see what they say about the windshield. If they'll charge you for it, and your insurance has 0 deductible glass coverage, you may want to fix the windshield before turning the car in.
#1238 of 1292 Re: Sonata Lease / Trade In [linhsi]
Jun 21, 2013 (12:16 pm)
What vehicle is Hyundai offering for $199/month + tax? If it's a 2013 Sonata GLS, that's a pretty good deal but not exceptional. If they are in fact going to make your first 3 payments for you, so you only have to make 33 payments, that is a very good deal.
Check the lease, I'll bet there's a disposition fee of some kind at the end of the lease if you don't purchase the car. It would be unusual to not have such a fee.
However, your 2010 Sonata might be worth more than its residual value, given the near-perfect condition and low miles. What's the residual on it?