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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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#125 of 144 Lease Updates for 2009 Sonata by nickerz May 24, 2008 (3:41 pm)
Are there any updates for the new '09 Sonata? I'm looking for the Residual and Money Factor so I can compute the monthly payment on a 24 month lease.
#126 of 144 Re: Hyundai Sonata: Lease Questions [Car_man] by richard1954 Jun 26, 2008 (7:34 pm)
Replying to: Car_man (Aug 31, 2005 3:11 am) I am trying to lease a 2009 Hyundai Sonata GLS 4-cylinder 39/12 with AT and popular equipment pkg (02) I live in Nassau county, New York. I want to put all fees and taxes into the payment except first month and DMV. I also want dealer installed leather as the factory does not offer for this type of Sonata. fROM EXPERIENCE WHEREWILL I GET THE BEST DEAL AND PICK IT UP JUNE 30?    ALSO EVERYONE NEEDS TO KNOW THAT MILLENIUM HYUNDAI IN HEMPSTEAD LONG ISLAND NEW YORK IS DISPICABLE AND TYPICAL BAIT AND SWITCH ARTISTS I KNOW FROM HAVING BEEN IN THE BUSINESS A FEW YEARS AGO WITH MB FOR MANY YEARS AND I KNOW MOST OF THE INS AND OUTS
#127 of 144 No lease deals on Sonatas? by backy Jul 03, 2008 (2:12 pm)
I asked a local dealer about lease deals on a '09 Sonata GLS I4 today, and what they told me was interesting. They said right now there are no lease specials on Sonatas, so the best they could do would be over $300 a month, for 36 months, with a good chunk of money down. I noted that a Genesis V6 can be leased for only $399/month. Anyway, I was wondering if anyone has heard differently.   (P.S. There don't seem to be many good lease deals out there at all right now. Subaru looks to have some decent programs e.g. on the Impreza, and I got a pretty decent if not great quote on a Milan, but I'm not seeing the lease specials like I used to.) Replies to this message: Car_man (Jul 08, 2008 1:14 am)
#128 of 144 Re: No lease deals on Sonatas? [backy] by Car_man HOST Jul 08, 2008 (1:14 am)
Replying to: backy (Jul 03, 2008 2:12 pm) Hey backy. What you were told is correct. The only vehicle that Hyundai is providing lease support on right now is the new 2009 Genesis. If you want to lease any other Hyundai vehicle, you will have to do so through an independent bank. If you want to lease your next vehicle, then you probably don't want to get a Sonata.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#129 of 144 2006 Sonata GLS V-6 by jeffc Jul 28, 2008 (10:30 am)
My lease on this car will be up in about 5 months. Car is in excellent shape and only has 21,000 miles on it ( my limit would be 39,000 under the lease agreement.)    The residual is $9,027.    2 of my kids are very interested in the car as they know I pampered it and took excellent care of it, plus it has low miles.    Does Hyundai allow family members to buy the car or is the deal only for me? Due to my wife becoming disabled and financial issues, I do not think I will be purchasing the car at lease end ( it is killing me as i love the car and had originally planned on buying it).    Will they do this? What about if they buy and I co-sign for them? Or do I have to buy and then sell it to them? Replies to this message: jayess (Jul 28, 2008 6:13 pm) m6user (Jul 29, 2008 12:49 pm) beardie (Aug 31, 2008 4:07 pm)
#130 of 144 Re: 2006 Sonata GLS V-6 [jeffc] by jayess Jul 28, 2008 (6:13 pm)
Replying to: jeffc (Jul 28, 2008 10:30 am) Since the car will not have to be added back to into their inventory, spiffed up and marketed, my guess is that Hyundai really doesn't care whose money they accept. Unless there's something to the contrary in your original documentation, it might be easiest to have whichever of your kids is the winning bidder write the check to Hyundai (or to you and you write one to Hyundai) and once you receive the title from HMFC, amble over to AAA and transfer it to them. You can always ask the dealer if they could handle it for you - they should be thrilled not to have to take the vehicle back. If you are inclined to negotiate the buyout price I'd be interested in how that goes, I have an '07 that comes due next May - a lifetime I know - that we're interested in buying out. Negotiating worked with Ford, in the end a few less dollars is better than a two year old car back into inventory, no ? Replies to this message: m6user (Jul 29, 2008 12:49 pm) beardie (Aug 31, 2008 4:07 pm)
#131 of 144 Re: 2006 Sonata GLS V-6 [jayess] by m6user Jul 29, 2008 (12:49 pm)
Replying to: jayess (Jul 28, 2008 6:13 pm) it might be easiest to have whichever of your kids is the winning bidder write the check to Hyundai (or to you and you write one to Hyundai) and once you receive the title from HMFC, amble over to AAA and transfer it to them.   Be careful. Based on what state you live in, that could be a taxable event. I believe that any (and each) transfer of title in the state of illinois is a taxable event based on the value of the car. You wouldn't want to pay sales tax on the vehicle twice in short order unless the price is so great that it would be worth it. I'm sure there is some way to get around this but it just has to be done right. Maybe joint ownership at purchase and then a quit claim of some kind to remove parent from the title. I'm not a legal expert by any means. I'm sure that people have done this before and possible another forum on just leasing could be checked.
#132 of 144 Re: 2006 Sonata GLS V-6 [jayess] by beardie Aug 31, 2008 (4:07 pm)
Replying to: jayess (Jul 28, 2008 6:13 pm) Just wondering if anyone has any info on the question about negotiating the residual. What kind of success has anyone had offering a lower residual to buy the car at lease end?
#133 of 144 Just Leased from Millenium Hyundai in Hempstead, NY by petezahut Sep 05, 2008 (4:18 pm)
Entered into a lease over Labor Day weekend for a 09 Sonata GLS (base, no options) for 289 per month (39 months), including taxes and fees and 417 down payment (1st months + DMV fees)...   Negotiated Price: 18888 Total Payments: 11309 Residual: 9939   Have no prior lease or purchase experience...   Was this a good deal or have i been "had?"
#134 of 144 06 Sonata, 8k miles overage, bumper damage. Best to turn it in or trade-in? by smcconnell71 Feb 24, 2009 (5:20 pm)
I have an 06 Sonata and the lease is finished on 4/17/2009. I have 8k mile overage (at I think .20/mile) and about $1500 in front and rear bumper damage. Payoff is 8400, but I don't want to buy. Should I turn it in and buy another vehicle outright, or trade-in for another vehicle? What's my best option? Replies to this message: bhmr59 (Feb 24, 2009 5:30 pm) wvgasguy (Feb 27, 2009 9:51 am) jayess (Mar 28, 2009 8:15 am)

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