Last post on Dec 08, 2013 at 4:12 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Sonata, Car Leasing, Sedan
#1288 of 1297 2011 Sonata GLS PZEV Popular Package Lease
Nov 18, 2013 (6:26 pm)
I am new to this, but I want to know if I got a good lease deal on my 2011 Sonata GLS PZEV popular package with alloy wheels, power driver seat and interior leather seats. The MSRP is $21,800 with 12,000 miles and 36 months lease. After negotiating with the dealership in So Calif. I got it for $250/month with tax included (tax was 9.75% first 6 months, now it's 9%) and $2400 down including 1st month's lease and fees. They also agreed to pay off the remaining balance of $400 on my previous Camry lease. Does anyone know if this is a good deal or if I could have gotten a lower price for it?
Secondly, my lease is coming due next month on Christmas and I am thinking about going to the dealership and buying it off maybe on Thanksgiving. I want to know what is a good price I can negotiate for this car. I believe the money factor back then was 0.00047, and the Residual Value on the contract is around $12,862 with $400 purchase option fee. Right now I only have about 25,000 miles on my odometer and very minor paint scratch on my rear side bumper with very clean interior. KKB gave it an estimated $11,460 for Very Good, and I was wondering if they will take my offer of $9000-10,000 for it. I haven't really gotten a call from the dealership lately and I don't know if I should go there or not. I also want to know if I should finance it with the dealership or get a auto loan quote from the bank. I don't want to spend more money on purchasing or leasing another new car.
If there are any missing information that needs to be provided, please let me know. I'd be greatly appreciated if I can get some advice and comments on what I should do for all of the above. Thank you.
#1289 of 1297 2014 Sonata GLS w/ Popular Package Lease Price
Nov 27, 2013 (7:51 am)
I am looking for a lease for a 2014 Hyundai Sonata GLS with popular package for $230/Mo including first months payment. Does that sound like a good deal?
#1290 of 1297 2013 Sonata SE 2.0T Lease
Nov 28, 2013 (7:42 am)
Hi Carman, Kyfdx, & Michaell,
Three years ago (time flies) this forum helped me get an incredible deal on 2011 Sonata SE 2.0T lease, thank you! Now my lease is coming to an end and I'm deciding between leasing again or buying the 2011 I'm currently in.
** Do you have the December residual and money factor for a 2013 Sonata SE 2.0T? **
Thank you for your help!
PS for opinions from other message board readers:
-- Would you lease again, buyout lease, or buy new? I'm trying to consider long term cost benefits i.e., 5+ years from now.
Currently in a 2011 Sonata SE 2.0T
-$0 down $278/month
- 27K miles
- Residual value = $14.5K
- Trade in value = $15.5K approx.
**Is there a way to pocket this equity? i.e., Keep the difference and not use as a down payment for a new lease or purchase?
Buy 2011 at lease end
- Will need tires/breaks eventually $1000?
- 60 month loans available? $284/month
Lease a 2013 Sonata SE 2.0T
- I have a TrueCar price of $21,281
- I assume I should be able to get at least $278/month again if not lower
Buy 2013/2014 Sonata SE 2.0T
- 2013 TrueCar price of $21,281
- Apply equity from 2011
- 72 months $320?
Appreciate your advice!
#1291 of 1297 Re: 2013 Sonata SE 2.0T Lease [raderj]
Nov 28, 2013 (10:22 am)
Is there a way to pocket this equity? i.e., Keep the difference and not use as a down payment for a new lease or purchase?
If you get a new Hyundai, you should try to negotiate a better deal based on the current value of your Sonata. You don't have to settle for what the lease contract says re residual value.
This time of year is a great time to press for a good deal. For example, I saw a new 2013 GLS with Preferred Package advertised in my local paper on a Black Friday special for $18k. And that was the price before any negotiating or trade.
#1292 of 1297 Re: 2013 Sonata SE 2.0T Lease [raderj]
by kyfdx@Edmunds HOST
Nov 28, 2013 (12:40 pm)
2013 Sonata SE 2.0T 36mo, 12K/yr lease
.00019 MF and 57% residual
$1000 lease cash
These numbers are good through this Monday.. new program starts on December 3rd.
Dec 07, 2013 (11:32 am)
I am looking into Leasing new Hunday Sonata 2014. The offers I currently see on dealers websites says:
199 monthly for 36 months
12000 miles a year limit.
Is there a way I can negotiate a better deal? I am completely new into the world of leasing, so not sure how much wiggle room there is...
Your advice would be greatly appreciated.
My first preference would be for Sonata Hybrid but the prices on dealers website are over 3000 down and about 350 monthly...
#1294 of 1297 Re: 2014 Sonata GLS w/ Popular Package Lease Price [jonnycashman]
Dec 07, 2013 (11:35 am)
Please, let me know what your research was. I am looking into the same one and am new to leasing so any advice would be appreciated. Thank you
#1295 of 1297 Re: 2014 Sonata GLS w/ Popular Package Lease Price [butterflyangel]
Dec 08, 2013 (5:56 am)
I ended up getting the 2014 for 225 with first payment as my downpayment. Felt it was a pretty solid deal. Included the popular package. Others?
#1296 of 1297 Re: 2014 Sonata GLS w/ Popular Package Lease Price [jonnycashman]
Dec 08, 2013 (2:08 pm)
Last night I returned my 2011 turbo se
with 2 months remaining and 46700 miles. My lease was
36m 15000 miles a year.
I got the 2014 Limited Turbo no navigation for
265 a month 15k miles a year, with $2500 out of pocket.
Did I get a good deal or nah??
#1297 of 1297 Re: 2014 Sonata GLS w/ Popular Package Lease Price [jonnycashman]
Dec 08, 2013 (4:12 pm)
Good for you! That's awesome. Would you please share what was the APR they gave you and also if the dealer is in Southern California, let me know which one. I would go for it. Thank you.