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Hyundai Sonata Lease Questions

133 messages,  Last post on Sep 05, 2008 at 5:18 PM

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

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#88 of 133 Good lease deal? by tasteckler Mar 10, 2007 (8:21 am)
Because putting a down payment on a leased vehicle is anathema to me. I took the Sonata GLS offer of 30 month/199 per mo. + tax/999 + tax at signing offer and got it reworked to 30 month/ 231 per month +tax/231 + tax at signing.   Is this a good deal? The $231/mo. also includes tags and title. One thing more. I have been told different things about a doc. fee. One person told ne a 595 doc fee would have been required on top of the 999, another told me it was built into the 999. anyone know the answer?   Thanks in advance. Replies to this message: Car_man (Mar 12, 2007 2:36 am)
#89 of 133 Re: How does Owner Loyalty work with advertised lease prices [mroma] by Car_man HOST Mar 11, 2007 (3:18 pm)
Replying to: mroma (Feb 24, 2007 10:30 am) Hi mroma. It is important to negotiate the lowest possible selling price when leasing a vehicle. Shop around for the lowest price that you can on the Santa Fe that you want, making sure to take advantage of the $2,300 lease cash and $500 owner loyalty cash that are currently available on it (if you are eligible for it). Then have the dealer calculate your vehicle's monthly payment using Hyundai Finance's buy rate lease money factor. You may not qualify for the owner loyalty program if your in-laws technically your Hyundais rather than you.   Car_man Host Prices Paid Forum
#90 of 133 Re: Good lease deal? [tasteckler] by Car_man HOST Mar 12, 2007 (2:36 am)
Replying to: tasteckler (Mar 10, 2007 8:21 am) Hi tasteckler. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.   A $595 doc fee is outrageous. While registering your vehicle and getting your plates for you is a legitimate service that dealers deserve to be reimbursed for most dealers charge a doc fee that's around $100 to $200, not $595. I always advise consumers not to focus on all of the little fees that dealers try to charge on deals, but instead try to look at the big picture. You are trying to drive off in the car or truck that you want, paying the lease total amount of money possible. Look at the out-the-door price of the vehicle that you want, including all of the fees. If the total cost of your car at this dealer is less than or equivalent to what you would expect to have to pay for it elsewhere, it doesn't matter how the price breaks down.   Car_man Host Prices Paid Forum
#91 of 133 15,000 mile leases by eromusofwom May 15, 2007 (7:18 pm)
Hello everyone! Thank you ahead of time for any information that anyone can give regarding my first attempted lease:)   Right now I'm considering leasing a 2007 Sonata from a dealership in the Pittsburgh area. After talking to the rep via email for a few days, I've received the following offer:   2007 HYUNDAI SONATA LTD V6 w/ ULTIMATE PACKAGE   $25,830 Manufacturers Suggested Retail Price $21,699 Internet Special (includes rebate / discount) -$2000 Downpayment $19,699 Remaining Principle   Based on $19,699, 3 year / 15,000 mile lease would run 305 per month plus sales tax 7% plus lease tax 10% = $359 per month. Never heard of a lease tax before...evidently we are not the only county to have one.   Do you guys think this is a good deal? I'm kinda clueless on this stuff. This guy was offering me a better rate than some of the other internet dealers I contacted. Is there a way to calculate based on the final negotiated MSRP, what a fair lease rate is for the vehicle?   Please any advice or info you can offer will be greatly appreciated!   Jim Replies to this message: bhmr59 (May 15, 2007 8:05 pm) eromusofwom (May 16, 2007 8:53 am) eromusofwom (May 17, 2007 7:34 am) Car_man (Jun 14, 2007 3:48 am)
#92 of 133 Re: 15,000 mile leases [eromusofwom] by bhmr59 May 15, 2007 (8:05 pm)
Replying to: eromusofwom (May 15, 2007 7:18 pm) If you're willing to go to Denville, NJ (I don't know how far that is for you), you should be able to get the same car (I assumed you're also getting floor mats)for a "purchase" price of $20,538--$1161 less.   I'm not up on leases either, but as I understand them, it all starts with the actual purchase price.
#93 of 133 Re: 15,000 mile leases [eromusofwom] by eromusofwom May 16, 2007 (8:53 am)
Replying to: eromusofwom (May 15, 2007 7:18 pm) It needs to be a local dealer. NJ is just not convenient.   According this this thread, the selling price of leased cars can be negotiated in a similar manner as buying it.   Car man, I would definitely appreciate your opinion, as you really seem to know your stuff.   Thanks   Jim
#94 of 133 Re: 15,000 mile leases [eromusofwom] by eromusofwom May 17, 2007 (7:34 am)
Replying to: eromusofwom (May 15, 2007 7:18 pm) Update to this quote. It looks like the dealer is much less willing to negotiate a lower MSRP if I'm leasing the car as opposed to buying.   Does anyone have information on current leasing offers for the v6 Sonata 2007?
#95 of 133 Full info this time - please respond:) by eromusofwom May 19, 2007 (7:16 am)
Carman, hopefully you have some time to look over some exhaustive figures I've obtained from a kindly salesperson (not to many via email these days)   Let me know what you guys think!   Matching the $21,699 selling price, after the rebate - discount, the lease breaks down as follows.   $25,930 MSRP 44% residual for 36 month lease with 15,000 miles $11,409.20 lease end value   0.00222 money factor   $21,699 selling price $595 Hyundai's lease acquisition fee $1,360.44 cash cap reduction "portion of the $2,000 used as down payment"   $20,933.56 adjusted cap cost   $336.37 base monthly payment before tax   $2,000 due at delivery   $370.01 payment including tax (35 remaining)   --------------------------------------------------------------------------------- - --   48 month lease 15,000 miles per year   The differences are:   35% residual $9,075.50 lease end value 0.00243 money factor   $319.57 base payment $351.53 payment including tax Replies to this message: th83 (Jun 28, 2007 5:57 pm)
#96 of 133 2007 Leasing Question by cor May 22, 2007 (8:17 pm)
Hello Everyone,   I'm looking into either leasing or purchasing a 2007 Sonata GLS (manual) w/Sport Pkg. I'm trying to figure out what I should pay; as I've never done a lease before and am trying to keep my payments as LOW as possible. I've seen on the Hyundai website that there is a 2000.xx rebate; which would come in handy as I'm trading in my 2003 MINI Cooper (with about 2.5k negative equity - purchased used in 2/06). I've priced the car online to 17745.xx after rebate but am totally in the dark about what to do. Any help/advice is GREATLY appreciated!!   Thanks, -Cor Replies to this message: Car_man (Jun 14, 2007 3:59 am)
#97 of 133 Lease estimate by dsiro7 May 24, 2007 (9:26 pm)
Today I was quoted a lease on a 2007 Sonata gls with a selling price of $19,28O. The cost after manufacturer and dealer discount was $15,495. The price I was offered was $199 for 24 months with $2000 down and no tax, title and tags or security deposit. Is this a good deal or should I finance and buy. I'm a first time leaser and have no idea what I'm doing. Any help would be appreciated. Thanks, Denise Replies to this message: wmarkw (Jun 01, 2007 9:39 am) Car_man (Jun 15, 2007 2:20 am)

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