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Hyundai Sonata Lease Questions

144 messages,  Last post on Jul 17, 2009 at 1:51 AM

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

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#135 of 144 Re: 06 Sonata, 8k miles overage, bumper damage. Best to turn it in or trade-in? [smcconnell71] by bhmr59 Feb 24, 2009 (5:30 pm)
Replying to: smcconnell71 (Feb 24, 2009 5:20 pm) So, at your present mileage you'll have to pay about $3100 to hand the car back to them. Plus each additional mile will in the next 2 months will cost you about $.20.   You're probably better off buying the car. Then wait a few months if you want to get a different car.   Without knowing all your details of the lease, I hope you will think twice before leasing again.
#136 of 144 Re: 06 Sonata, 8k miles overage, bumper damage. Best to turn it in or trade-in? [smcconnell71] by wvgasguy Feb 27, 2009 (9:51 am)
Replying to: smcconnell71 (Feb 24, 2009 5:20 pm) So you have two leased vehicles? Sounds like you didn't get the milage you needed on this one. You need to set your lease up closely to the use you plan for it.
#137 of 144 Re: 06 Sonata, 8k miles overage, bumper damage. Best to turn it in or trade-in? [smcconnell71] by jayess Mar 28, 2009 (8:15 am)
Replying to: smcconnell71 (Feb 24, 2009 5:20 pm) According to your numbers, you're $3100 out of pocket plus a disposal fee - see your lease contract. Even if you don't want to keep the vehicle, you might want to fix the bumpers - probably for less than 1500 they're quoting and then sell it yourself. Even with all the rebates dealers are offering for new, this wonderful economy seems to be driving a market for newer used vehicles. And even though you don't mention which trim level, 06 is recent enough. FYI, Hyundai will absolutely not negotiate on the buyout figure, I tried. Twice actually, in PA HMFC can't sell direct to the consumer it has to go through the dealer. I checked with them they said no, asked them to check with Hyundai - nada. Then I called Hyundai the lease end disposal dept - nada as well. We have an leased 07 GLS w/the 02 pkg maturing on May 1. Has just shy of 30K miles, I like it and the gross out of pocket, total lease payments+residual is still pretty reasonable so we plan to buy it out.
#138 of 144 Should I buyout at end of lease or return? by samir1010 May 30, 2009 (2:14 pm)
I've got a 2007 Hyundai Sonata GLS 4cyl that I leased for my wife and our lease is up in August and I can't figure out if I should keep it or not. My residual payoff is $10800. Its only got 22k miles on it as of now. By then I might have another 1k on it. What worries me is the low resale values on Hyundai so I don't want to pick it up and then get screwed later on if I try to sell it. But $10800 does seem like an ok price to me compared to what I'm seeing around in the market.    Just wanted as many opinions as I can get? Is this a good buy or should I return it? Thanks Replies to this message: bhmr59 (May 30, 2009 2:31 pm) jayess (May 31, 2009 1:37 am) samir1010 (May 31, 2009 5:36 pm) and 1 more...
#139 of 144 Re: Should I buyout at end of lease or return? [samir1010] by bhmr59 May 30, 2009 (2:31 pm)
Replying to: samir1010 (May 30, 2009 2:14 pm) The biggest depreciation hit has already occurred and you paid for it in the lease.   If you like the car and it has less than 25,000 miles, look to see what else you could buy for that $10,800. Ask if the 10/100K warranty applies if you buy the car you have been leasing. Replies to this message: jayess (May 31, 2009 1:37 am) samir1010 (May 31, 2009 5:36 pm) jayess (Jun 01, 2009 2:48 am)
#140 of 144 Re: Should I buyout at end of lease or return? [bhmr59] by jayess May 31, 2009 (1:37 am)
Replying to: bhmr59 (May 30, 2009 2:31 pm) The 10/100K warranty applies to a (1st) lessee who buys out the vehicle at the end of the lease - see pg. 2 sec P of the warranty booklet 'For 2004 Models and Newer' . That was an important factor in our buying out the residual of our '07 earlie rthis month. With 40k or 4 yrs on the bumper/bumper and the 10/100k powertrane, to me your buyout seems like a reasonable value. Replies to this message: samir1010 (May 31, 2009 5:36 pm) jayess (Jun 01, 2009 2:48 am)
#141 of 144 Re: Should I buyout at end of lease or return? [jayess] by samir1010 May 31, 2009 (5:36 pm)
Replying to: jayess (May 31, 2009 1:37 am) Glad to hear that about the warranty. Did you try to negotiate the buyout price at the end of the lease?   Thanks Replies to this message: jayess (Jun 01, 2009 2:48 am)
#142 of 144 Re: Should I buyout at end of lease or return? [samir1010] by jayess Jun 01, 2009 (2:48 am)
Replying to: samir1010 (May 31, 2009 5:36 pm) I tried to negotiate the residual - more than once - to no avail, the buyout is firm. They'll tell you this when the lease-end calls from HMFC begin. I tried with several different CS reps and supervisors as well as the dealer where we had to do the buyout - I'm in PA which is one of the states where it can't be done directly through Hyundai. They'll all tell you the same thing, "Hyundai does not negotiate".
#143 of 144 2009 Sonata V6 Auto Ltd by avalon2000 Jul 16, 2009 (11:42 pm)
Looking for residual & money factor for 2009 Sonata V6 Auto Ltd   36 mo. 15k sign & drive NYC metro area sales tax 8.375%   Sticker: $29140 Price: $22,400 +TTG   Option Group 5 [incl. Nav] Bluetooth Cargo Mat Floor Mats Mud Guards Replies to this message: Car_man (Jul 17, 2009 1:51 am)
#144 of 144 Re: 2009 Sonata V6 Auto Ltd [avalon2000] by Car_man HOST Jul 17, 2009 (1:51 am)
Replying to: avalon2000 (Jul 16, 2009 11:42 pm) Hi avalon2000. Unfortunately, Hyundai is not providing lease support on the 2009 Sonata right now. That means if you really want to lease one, you will have to do so through an independent bank. Chances are that any lease through an independent bank will not be very attractive.   If you really want a Sonata, you probably should either pay cash for it or finance it through Hyundai Finance at 4.39% for up to 5 years. Either way, this car is eligible for a $3,000 cash incentive.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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