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Hyundai Tucson, Car Leasing, SUV
#32 of 136 Re: 2006 Tucson 6.27L [val6]
Nov 07, 2006 (3:36 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.
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#33 of 136 Re: 2006 Tucson 6.27L [Car_man]
Nov 07, 2006 (4:14 am)
The sale price on my sheet is 21,164. Thanks
#34 of 136 Re: 2006 Tucson 6.27L [val6]
Dec 05, 2006 (2:54 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.
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#35 of 136 MF and Residual for Tucson
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?
#36 of 136 Re: MF and Residual for Tucson [maxim49]
Mar 12, 2007 (1:44 am)
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.
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#37 of 136 Is it worth leasing the Tuscon?
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?
#38 of 136 Lease rates for 2008 Tuscon
Nov 15, 2007 (6:48 pm)
I see some 2008's on dealer lots here in NJ.
Does anyone know the MF and residuals for 2008's, 36 mos. 12,000 miles/year?
#39 of 136 2008 Tucson GLS List $22,245 OUT DOOR $19115
Nov 16, 2007 (4:21 pm)
2008 Tucson GLS List $22,245 OUT DOOR $19115 Kansas City is this a good deal? 5 year bumper-bumper
2008 Honda CR-V LX List $21,335 OUT DOOR $20,035 3 yr bumper-bumper
In 3 years won't the Honda be worth more than the $920 diff
Need to do tomorrow
#40 of 136 2008 Hyundai Tuscon Lease
Jul 15, 2008 (6:48 am)
Hey Car Man! Can you tell me the current terms for a 3 yr, 12,000 mile lease on a hyundai tuscon SE and the hyundai tuscon limited? Im loooking for residual value, money factor, any incentives (i.e. cash back), and what % below invoice you think is reasonable to haggle over. Thanks.
#41 of 136 Re: 2008 Hyundai Tuscon Lease [bdl202]
Jul 24, 2008 (2:36 am)
Hi bdl202. Unfortunately I do not believe that Hyundai is currently providing any lease support on the 2008 Tuscon. As a result, you would probably better off financing or paying cash for one at this time.
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