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Hyundai Tuscon Lease Questions

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

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

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#28 of 41 2006 GLS 4WD Lease by amandaleigh Oct 03, 2006 (1:30 pm)
Hi Car_Man,   I live in Cincinnati, OH and received a quote of $17,995 for a used 2006 GLS 4wd with 11,300 miles. I also received a quote of $20,593 from another dealer for a new 2006 GLS 4wd. Which deal is better? I figured the depreciation in value is less for the used vehicle; therefore, my payment would be lower. I was thinking of leasing for 24-36 months. Replies to this message: Car_man (Oct 17, 2006 1:25 am)
#29 of 41 Re: Lease 06 Limited [tucson2006] by Car_man HOST Oct 17, 2006 (1:20 am)
Replying to: tucson2006 (Sep 24, 2006 8:17 am) You're very welcome, tucson2006.   Car_man Host Prices Paid Forum
#30 of 41 Re: 2006 GLS 4WD Lease [amandaleigh] by Car_man HOST Oct 17, 2006 (1:25 am)
Replying to: amandaleigh (Oct 03, 2006 1:30 pm) Hi amandaleigh. Which truck you should go with really depends upon whether you want to lease or finance your purchase. You won't be able to lease the used Tucson. If you want a really low monthly payment, you are going to have too lease the 2007 model. If you don't mind having a higher payment because you will eventually own your vehicle, then you might want to go with the used 2006 model. You're right that you'll likely end up paying less depreciation on the used Tucson, but to me there's always something great about getting a brand new vehicle that makes the additional depreciation worth it. Basically, there's not really any wrong answer in the new versus used debate, its more about what you would personally prefer to do.   Car_man Host Prices Paid Forum
#31 of 41 2006 Tucson 6.27L by val6 Nov 03, 2006 (6:35 am)
A few questions: first, I'm trading in a 1997 Mercury Mountianeer in "fair" condition 137,000 miles- Kelly Blue book gives a trade-in at $2380, but the TMV appraiser gives $1645; the dealer I went to says $1500.   A dealer gave me MSPR of 21,830. the lease term was 30 months (odd?) money factor of .00234, LEV A 51%, a rebate of 2100 (as of Nov 1), trade-in $1500, amount due at startup $3600 (I asked for 0) monthly is $368.   Where does this deal stand?   Many thanks!   VAM Replies to this message: Car_man (Nov 07, 2006 3:36 am) val6 (Nov 07, 2006 4:14 am) Car_man (Dec 05, 2006 2:54 am)
#32 of 41 Re: 2006 Tucson 6.27L [val6] by Car_man HOST Nov 07, 2006 (3:36 am)
Replying to: val6 (Nov 03, 2006 6:35 am) Hi val6. There's nothing wrong with trading in your current vehicle when you lease your new one. However, it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making down payments on leased vehicle because consumers who do risk losing them if their vehicles are totaled in an accident or stolen and never recovered.   The reason why you were quoted a 30 month lease is this is the term that Hyundai is promoting on this car right now. The lease money factor and lease cash that you were quoted for this lease are right in line with Hyundai's current lease program for it.   You never mentioned the selling price of the car that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary 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 its selling price is.   Car_man Host Prices Paid Forum Replies to this message: val6 (Nov 07, 2006 4:14 am) Car_man (Dec 05, 2006 2:54 am)
#33 of 41 Re: 2006 Tucson 6.27L [Car_man] by val6 Nov 07, 2006 (4:14 am)
Replying to: Car_man (Nov 07, 2006 3:36 am) The sale price on my sheet is 21,164. Thanks Replies to this message: Car_man (Dec 05, 2006 2:54 am)
#34 of 41 Re: 2006 Tucson 6.27L [val6] by Car_man HOST Dec 05, 2006 (2:54 am)
Replying to: val6 (Nov 07, 2006 4:14 am) Thanks for the additional information, val6. OK, so you were quoted a selling price of $21,164 on a 2006 Hyundai Tucson that has an MSRP of $21,830. A base 2006 Tucson GLS 4WD has a spread of around $1,500 between its full MSRP and dealer invoice price. You are only being given a discount of $666 on this truck. I personally would try to negotiate another couple hundred dollars off of its selling price and then have the dealer subtract any available cash incentives from that.   Car_man Host Prices Paid Forum
#35 of 41 MF and Residual for Tucson by maxim49 Feb 28, 2007 (6:14 pm)
Car_man - Can you please provide me the MF and residual for a 30 month lease and 12K miles a year for an 07 Tucson?   Thanks!! Replies to this message: Car_man (Mar 12, 2007 1:44 am)
#36 of 41 Re: MF and Residual for Tucson [maxim49] by Car_man HOST Mar 12, 2007 (1:44 am)
Replying to: maxim49 (Feb 28, 2007 6:14 pm) I'd be happy to help you out, maxim49. Unfortunately, Hyundai is not currently running a special lease program on the 2007 Tucson. As a result, if you want to lease one you will either have to do so through an independent bank or use Hyundai Finance's standard lease program. Hyundai Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2007 Hyundai Tucson GLS 4WD with 12,000 miles per year are .00325 and I believe around 44%, respectively. When negotiating your lease on this truck, make sure to use the $1,000 customer cash (only $500 in Hyundai's Western region) to negotiate an attractive capitalized cost.   Car_man Host Prices Paid Forum
#37 of 41 Is it worth leasing the Tuscon? by esomniac Oct 29, 2007 (10:29 pm)
Based on my calculations & research, the Tuscon and Hyundais in general don't hold their value well. It's residual is only 41% after 36 months. I'd end up paying somewhere between $300-$375 a month for the lease. That doesn't make any sense to me (I mean - why would someone want to do that?) I can lease a Honda CR-V for $277 or so based on a conversation today w/ a dealer. Am I missing something here? Is the money factor lower than .0028 or so? I'm not putting anything down on a car I lease so I dont have any further cap cost reduction other than the incentives or rebates. Does it basically come down to the fact that it's not worth leasing a car that has a low residual value?

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