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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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#75 of 144 Re: Does anyone know the lease offers on Sonata now? [danf1] by theericharris1 Jan 11, 2007 (8:01 pm)
Replying to: danf1 (Jan 06, 2007 8:33 am) Where you find this lease deal at? I'm trying to find the latest lease specials for a 2007 Santa Fe Limited.   Help me!!! Replies to this message: danf1 (Jan 12, 2007 5:55 am) jayess (Jan 12, 2007 5:58 am) w9cw (Jan 25, 2007 7:15 pm) jayess (Jan 26, 2007 5:14 am) beardie (Jan 26, 2007 1:46 pm) and 3 more...
#76 of 144 Re: Does anyone know the lease offers on Sonata now? [theericharris1] by danf1 Jan 12, 2007 (5:55 am)
Replying to: theericharris1 (Jan 11, 2007 8:01 pm) I'll post the details in the Santa Fe lease discussion for you.
#77 of 144 Re: Does anyone know the lease offers on Sonata now? [theericharris1] by jayess Jan 12, 2007 (5:58 am)
Replying to: theericharris1 (Jan 11, 2007 8:01 pm) You might want to start here: http://hyundaiusa.com/financing/specialoffers/special_offers.aspx For a while they were only offering lease deals on Sonatas at least here in western PA - we got into an '07 GLS at the end of October for a very reasonable cost > down > lease payment and buyout w/15K miles. If you're smart (I've leased before and sold cars eons ago) start with straight cash i.e. no trade or financing, make your best deal, then make it a lease at that figure and if you do have a trade throw it in at the very end. I've always called it my Columbo close...'oh one last thing'... And also keep in mind that if you do want to buy the vehicle at the end of the lease that figure is written down, just not in stone. I've negotiated lease buyouts before. In the end, they'd really rather take a few less pesos than have to take back a 2.5 yr old car with north of 30K miles and try to sell it (again). Geez I should probably bill you for all this great free advise Do your homework and go lease your new ride...good luck partner. Replies to this message: w9cw (Jan 25, 2007 7:15 pm) jayess (Jan 26, 2007 5:14 am) beardie (Jan 26, 2007 1:46 pm) w9cw (Jan 27, 2007 3:21 pm) and 2 more...
#78 of 144 Re: Does anyone know the lease offers on Sonata now? [jayess] by w9cw Jan 25, 2007 (7:15 pm)
Replying to: jayess (Jan 12, 2007 5:58 am) We're considering the current 2007 Sonata GLS automatic 30-month lease offer. This would be for our daughter who recently graduated from university, is in an internship at a local hospital, and makes little money, thus my wife and I are looking at different options to assist her.   Our first thought was to buy a used car for around $6K to $7K to get her through the next two years, but this has it pitfalls as you never know what extra repair costs are going to be required. The Sonata GLS lease piqued our interest.   It appears that it's $199/mo for 30 months, with a $999 signing deposit, but I believe there's an additional down payment requirement ($800??). There is a $2,300 HMFC Origination Support - whatever that means. We are existing Hyundai owners, so the Loyalty Coupon should be applicable ($500).   I know absolutely nothing about leasing, as I've never done it before. I've always paid cash for new cars. I guess I need to start doing my homework should I wish to take advantage of this offer before January 31. Replies to this message: jayess (Jan 26, 2007 5:14 am) beardie (Jan 26, 2007 1:46 pm) w9cw (Jan 27, 2007 3:21 pm) bhmr59 (Jan 27, 2007 9:33 pm) beardie (Jan 29, 2007 10:37 am)
#79 of 144 Re: Does anyone know the lease offers on Sonata now? [w9cw] by jayess Jan 26, 2007 (5:14 am)
Replying to: w9cw (Jan 25, 2007 7:15 pm) The origination support is HMFC's 'contribution' to the deal, essentially it offsets the final cost. On the assumption that you'd not be a 'sub-par' borrower, and as existing (cash) customers there probably wouldn't be a security deposit required so the $999 looks like 800 down and the 1st month's lease payment of 199 (plus tax). Seems like a good deal to me. Again - unless they recognize you as a customer, go in looking to make a cash deal, then use the coupon, then do the lease. You'd be spending less than your 6-7K figure over 2 yrs and have the peace of mind of a new car under warranty for your daughter. As you noted, do your homework, see the lease link on this site, and remember, they need to move the vehicle by the 31'st that's to your advatage. We have an 07 GLS I4 and so far quite satisfied. Best of luck.
#80 of 144 Re: Does anyone know the lease offers on Sonata now? [w9cw] by beardie Jan 26, 2007 (1:46 pm)
Replying to: w9cw (Jan 25, 2007 7:15 pm) Jayess.. I had to laugh reading your post. I have a daughter in the same situation...internship in Clinical Psych. at a university = very little money. What we did a few years ago was get her a program car...one year old Grand Prix with 17K on it for half the price of a new one. She still has it, and it's been great. It now has over 55K. If I were to look now however, I would go for the Sonata GLS, as we just picked one up for my wife. I couldn't believe the deal...we got the GLS with premium pkg. for the $199. It seems to be fine so far...lots of room and a pretty quiet ride. Replies to this message: w9cw (Jan 27, 2007 3:21 pm) bhmr59 (Jan 27, 2007 9:33 pm) beardie (Jan 29, 2007 10:37 am)
#81 of 144 Re: Does anyone know the lease offers on Sonata now? [beardie] by w9cw Jan 27, 2007 (3:21 pm)
Replying to: beardie (Jan 26, 2007 1:46 pm) beardie . . . I am the originator of the post, as my daughter's the one who needs a car. Jayess was kind enough to respond to my query.   One dealer offered me a slightly different proposition than the Hyundai's nationally advertised $199/mo for 30 months, $999 security deposit, taxes, etc. They offered $219/mo for 39 months (period). No $999 security deposit, no other down payment (if required), and no taxes. The $219/mo for 39 months is it. I don't know if this is better or worse than the nationally advertised lease. It's time to get out the calculator, etc. and start doing my homework again!   We've never leased before, and, thankfully, never had to finance a car purchase. I guess we're old school - save up the money until you have enough to buy - that's always been our mantra. Buying is much less confusing than leasing, especially when you are a "leasing newbie" like me. Replies to this message: bhmr59 (Jan 27, 2007 9:33 pm) beardie (Jan 29, 2007 10:37 am)
#82 of 144 Re: Does anyone know the lease offers on Sonata now? [w9cw] by bhmr59 Jan 27, 2007 (9:33 pm)
Replying to: w9cw (Jan 27, 2007 3:21 pm) You might also compare what it would cost you to buy; down payment, monthly pament and your options at the end of 39 months rather than just throw the $ out the window to rent.
#83 of 144 Re: Does anyone know the lease offers on Sonata now? [w9cw] by beardie Jan 29, 2007 (10:37 am)
Replying to: w9cw (Jan 27, 2007 3:21 pm) w9cw....I guess you really have to consider how long your daughter plans on keeping the car. If the answer is 6+ years, then buying the car is probably the wiser financial decision. On the other hand, I got the $219 deal you were offered for $199. When I considered taking money out of the bank as you would do (lost interest), plus depreciation,plus the tax on the entire vehicle (versus only being taxed on the amount paid for the lease) I felt the $199 a month for 30 months is the way to go. I'll be able to get another new car then, and have only spent $2400 a year in total for this new one. Most cars' depreciation alone is more than that.Again, it's a personal decision, but I've leased a number of cars in the past and have been very happy with them. Good luck with whatever you decide.
#84 of 144 Good deal? by tony79 Feb 24, 2007 (6:30 am)
I leased a '07 Sonata for 169 a month, No money dwon 30 months 12K miles per year. I recieved 2000(owned a hyundai 1000 + 1000) in incentives and they have me 2800 for my old 1997 Nissan Atima - where most dealers were only giving me 1500-2000. Was this a decent deal, should I buy it after the elase for 10.1 ? that equals around 15.2 for the car?

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