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Hyundai Tuscon Lease Questions

41 messages,  Last post on Jul 24, 2008 at 2:36 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Tucson, Car Leasing, SUV


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#18 of 41
2006 GLS 4WD by indigomuse63
Feb 24, 2006 (11:54 am)
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Hi car_man:
 
Looking for mf & rp on 2006 GLS 4wd (12k/yr, 36 & 48 mons). Northern NJ area, purchasing end of May or early April 2006. Any incentives coming up? Too early for these figures? Thanks for any info.
#19 of 41
Re: 2006 GLS 4WD [indigomuse63] by indigomuse63
Feb 25, 2006 (3:42 am)
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Replying to: indigomuse63 (Feb 24, 2006 11:54 am)

Ooops,,, so sorry ... meant end of MARCH not end of May. Thank you.
#20 of 41
Re: 2006 GLS 4WD [indigomuse63] by Car_man HOST
Mar 13, 2006 (4:24 pm)
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Replying to: indigomuse63 (Feb 24, 2006 11:54 am)

Greetings indigomuse63. If you were to lease a 2006 Hyundai Tuscon GLS 4WD through Hyundai Motors Finance right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00210 and 45%, respectively. I do not believe that Hyundai is currently running a 48 month lease on this truck. The only other term that I have seen for it is 27 months. In your area, Hyundai is currently providing $1,500 lease cash on this mode. Make sure to take this cash into account when negotiating your capitalized cost. These incentives are only scheduled to run through March 31st through, so if you want to lease in April or May you will have to check back with me then to see how thie truck's lease program has changed.
 
Car_man
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#21 of 41
Leasing questions on Tucson by kenbonn
Aug 07, 2006 (8:46 pm)
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Just when I thought I had a good price on a 2006 Tucson using the Costco membership price, I started reading about leasing and I think it's a better deal for me financially. I was quoted the invoice price of $21,756 and $1,000 manufacturer rebate, for a final cost of $20,756. Do I just go in there and see what it would cost to lease the car? Another question: if you have to put money down, is that held toward the purchase price or transfered to the next lease? I'm reading about the lease process, and this forum helps, but I'm not sure I understand it. And I'm supposed to make this decision in the next couple of days! I'd appreciate any advice.
#22 of 41
Re: Leasing questions on Tucson [kenbonn] by Car_man HOST
Aug 28, 2006 (3:49 am)
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Replying to: kenbonn (Aug 07, 2006 8:46 pm)

Hi kenbonn. Hyundai's cash incentive for leases of the 2006 Tucson is actually higher than its normal customer cash incentive for it. The lease cash is $1,500. Since you have already gotten the dealer that you are working with to agree to lease you this truck at dealer invoice, have them subtract this $1,500 from your vehicle's capitalized cost and then use Hyundai Finance's buy rate lease money factor to calculate its monthly payment. The Tucson's money factors vary by trim level. If you describe the exact truck that you are interested in getting to me I would be happy to tell you what its current lease program is like.
 
Consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction. All you have to pay at lease signing will be your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, Hyundai Finance's $595 acquisition fee, and any required state taxes or fees. I always advise consumers against making capitalized cost reductions on leased vehicles because if their vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
 
Car_man
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#23 of 41
Lease 06 Limited by tucson2006
Sep 23, 2006 (7:18 pm)
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Hi Car_Man,
 
i just got a quote from a dealer in central NJ. it's a 06 limited with sunroof and a few other extras. MSRP is $26690 (including $600 destination). i dont know the invoice, but estimated at ~$24700, reasonable? the salesman offer me 36 month lease $320/month with $2000 down. all tax & fees included. he said he calculated based on $500 below invoice. i am note sure how to calculate these (MF, residual, etc.). do you think it's a fair deal?
 
thanks a lot
ax
#24 of 41
Re: Lease 06 Limited [tucson2006] by Car_man HOST
Sep 24, 2006 (7:40 am)
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Replying to: tucson2006 (Sep 23, 2006 7:18 pm)

Hello ax. I believe that a loaded 2006 Hyundai Tuscon AWD has a spread of just below $2,000 below its full MSRP and dealer invoice price. Plus Hyundai is currently providing $2,100 lease cash on this truck. This gives us a spread of around $4,000 to play with. You mentioned that you were quoted a price of $500 under dealer invoice for this truck. I personally would want to a little larger discount than that, given the $2,100 lease cash that is available on it right now. Shoot for a larger discount and see what happens. The worst the dealer can do is say no.
 
As far as this truck's lease program goes, I believe that Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Tuscon Limited AWD with 15,000 miles per year are .00100 and 44%, respectively.
 
Car_man
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#25 of 41
Re: Lease 06 Limited [Car_man] by tucson2006
Sep 24, 2006 (8:17 am)
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Replying to: Car_man (Sep 24, 2006 7:40 am)

thanks Car Man. this really helps a lot!
 
ax
#26 of 41
Re: Lease 06 Limited [Car_man] by tucson2006
Sep 24, 2006 (8:32 am)
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Replying to: Car_man (Sep 24, 2006 7:40 am)

oh, a quick follow up question: when we calculate residual for lease, do we use MSRP as the base or the actual price after cash back and all the discounts? thx.
#27 of 41
Re: Lease 06 Limited [tucson2006] by kyfdx HOST
Sep 24, 2006 (1:31 pm)
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Replying to: tucson2006 (Sep 24, 2006 8:32 am)

Always use MSRP to calculate the residual..

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