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You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Tucson, Car Leasing, SUV
#62 of 136 Re: 2011 Hyundai Tucson Lease [pikeymikey]
Jul 23, 2010 (1:38 am)
Hello pikeymikey. Here's the information that you're looking for.
Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Tucson GLS FWD with 12,000 miles per year are .00132 and 55%, respectively.
The numbers for an otherwise identical lease of a 2010 Tucson Limited FWD are .00208 and 56%, respectively.
I don't believe that Hyundai is currently offering support on 24 month leases of this truck. I don't believe that it has a lease program on the '11 Tucson yet either.
When negotiating your deal, make sure to take sure to take advantage of the $500 cash incentive that Hyundai is currently providing on leases of this truck.
Prices Paid: Buying & Leasing Experiences Forum
#63 of 136 Tucson Lease....Very Confused
Aug 21, 2010 (8:36 am)
Iím always confused about the negotiation process when Iím leasing a vehicle through a manufacturers promotion program. I received an online quote from a Hyundai dealer in Miami for a Hyundai Tucson GLS with automatic and the popular equipment package.
The quote is as follows:
2011 Hyundai Tucson GLS
36 months lease
15k a year
$259.00 plus tax a month with $2499 due at signing
Residual Value for Hyundai Tucson GLS after 36 months is 58%
Money factor (Based on approved credit) 0.00173
Price of the vehicle $23,025.00
Since this is a ďspecial promotionĒ does it pay to negotiate the price of the car down or will that negate the promotional offer? Normally I would not consider paying a price this high for the vehicle. Or is the price of the car irrelevant because the manufacturer and itís finance arm are giving me something either in the residual value or money factor instead?
#64 of 136 Re: Tucson Lease....Very Confused [miamicrv1]
Aug 22, 2010 (5:54 am)
National/local promo Ads are just that... advertisements. The selling price is always negotiable whether you lease or buy. Research Edmund's for invoice pricing as well as cash incentives. Also, visit overstock at zag.com for competitive low pricing in your area.
#65 of 136 Re: Tucson Lease....Very Confused [delta737h]
Aug 22, 2010 (8:13 am)
delta....thanks for the reply....what your suggesting then is, if I negotiate a lower price that doesn't necessarily make me ineligible for what looks likes an attractive residual and decent interest rate.
My confusion is, the dealer comes back at me with a: " this is the promo, you have to accept the price of the car as is and if not then you are only eligible for a non-promo lease" which might have less attractive terms.
#66 of 136 Re: Tucson Lease....Very Confused [miamicrv1]
Aug 22, 2010 (9:03 am)
You do not have to accept the selling price embedded in any lease promo Ad to get the benefits of the promotion. The benefits usually include an artifcially inflated residual value and the lowest money factor offered by the fund provider for those with outstanding credit. Both translate to lower monthly payments. In fact, I read promo Ads with the sole purpose of extracting useful information (e.g., acquisition fee, residual, money factor, etc). Then, I use that information, after thoroughly researching the selling price/money factor/residual/fees, to construct a one-page lease proposal. This puts me in the driver's seat (no pun intended) so that I'm in control of the deal; not the dealer. I never allow a dealer to "run numbers" or control the deal. I couldn't care less what they're offering in terms of a payment and have zero interest in seeing their invoice sheet or their numbers.
Once I've completed my lease proposal, I email it to dealer and negotiate via phone/email from my home. I have my lease calculation program fired up and ready to rumble. The only thing I'm likely to negotiate in my proposal is the selling price which only requires a few keystrokes. And, bing-bang-boom; I'm done!
When negotiations have been finalized, then the dealer takes the numbers in my proposal and transfers them to the lease agreement. I ask the dealer to please have the keys ready and the contract ready to sign. Everything takes about 30 minutes and away I go!
I go to a dealership for three reasons:
(1) Test drive, if necessary
(2) Sign papers (30 minutes)
(3) Maintenance Service
That's all there is to it!
#67 of 136 Re: Tucson Lease....Very Confused [delta737h]
Aug 22, 2010 (4:19 pm)
John...thanks so much that's the information I was looking for.
#68 of 136 Re: Tucson Lease....Very Confused [miamicrv1]
Aug 22, 2010 (4:33 pm)
You're very welcome and best of luck!
#69 of 136 Re: Tucson Lease....Very Confused [delta737h]
Aug 28, 2010 (9:47 am)
Thanks for all the great info. It has been very helpful. I really like the idea of drawing up your own lease proposal. Is there any way that you could send me the template? I would really appreciate it.
#70 of 136 Tucson September Lease Rates
Sep 09, 2010 (8:02 pm)
Hello Car_Man and mods,
Could you please provide lease rates for the 2010 Hyundai Tucson GLS trim and 2011 Tucson GL trim levels.
Thanks in advance!
#71 of 136 Did I really get a good deal?
Sep 10, 2010 (7:47 am)
Ok, so this is after the fact and maybe I should just leave well enough alone, BUT, I guess it's just human nature to questions the deal I got. Leased a 2011 GLS with automatic trans. and really no other options other than mats and cargo tray (which I think is very cool to have). $245/36 mo. with $2300 down which did NOT include the first month payment or dvm fees. which were an additional $245. + 207. respectively. Carman, I think I did ok...the sales manager made it sound like it was an outstanding deal (due to the fact that the first saleman was letting us leave so the Manager was "teaching that salesman a lesson" by doing everything possible to make us happy)...or do I need to do more research next time.
A few more facts of the deal:
Gross cap cost 21,270
Adjusted cap cost 19,996
Much thanks in advance.
Chris in NY