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Hyundai Azera Lease Questions

41 messages,  Last post on Apr 25, 2013 at 7:54 AM

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What is this discussion about? Hyundai Azera, Sedan

Messages Page 5 of 5

#32 of 41 Lease end by dborth

Mar 07, 2009 (4:46 am)

My 30-month HMFC '07 Azera lease terminates the middle of April. I recently received a cover letter and documents to complete pertaining to either the purchase of, or returning the vehicle.
 
While I love the car, the last 29 months has proven than I really don't need a 4-door large sedan now, let alone a slightly larger 4-door like the Genesis. I am however interested in the just now starting to arrive Genesis Coupe.
 
Here is the telephone exchange with a "customer service" rep. at HMFC Fountain Valley, CA:
 
1. If I purchase, can I finance with HMFC? "No, we want cashiers check in full"
2. I am interested in the new Hyundai Coupe but a reasonable selection won't be available locally by middle of April. Can I extend the current lease in anticipation of leasing or buying the new Coupe? "No, purchase or turn it in by the date specified on the lease contract"
3. Are you sure about that? "Yes"
 
One would think if a consumer is dropping off a lease return to the dealer, the manufacturer, and certainly the dealer would want that consumer to leave the dealer in a new vehicle of the same brand. I believe it's referred to as "loyalty".

#33 of 41 2013 Azera by romil01

Feb 11, 2013 (11:15 am)

Car_Man,
 
Please provide the MF / Residual for a 36 month lease / 15K miles per year on a 2013 Azera with Tech Package in Nevada. Thanks!

#34 of 41 Re: 2013 Azera [romil01] by Car_man HOST

Feb 12, 2013 (4:53 pm)

Replying to: romil01 (Feb 11, 2013 11:15 am)
Greetings romil01. Hyundai Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Azera with 15,000 miles per year are .00136 and 55% for consumers who qualify for its top credit tier.
 
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#35 of 41 Lease on 2013 Azera by romil01

Feb 20, 2013 (4:03 pm)

The following is a lease I signed on a 2013 Azera with Tech Package (all accessories, paint protectant, leather protectant, and window tint included):
 
36 months / 15,000 miles per year
MF = 0.00136
Residual = 55%
MSRP = $37,565 (asking price $39,040 with dealer options added to include protectants and tint)
Invoice = $34,969
Price Paid = $34,479
Adjusted Cap Cost = $33,962 with $2250 worth of rebates
Out of Pocket = $0 + Free iPad Mini
 
Total monthly payment including NV sales tax = $480.

#36 of 41 My Azera Lease deal by azeraninja

Apr 01, 2013 (6:36 pm)

I am looking at two Azeras - One in New Mexico and one in Las Vegas, Nv. The New Mexico deal is a 2012, the vegas one on a 2013.
 
Here is how I calculated the NM Deal. - Their monthly payment was $467 - please tell me what I am missing!?!?
 
This offer eliminates the doc fees. I forgot to include License fee and Title fee but that should only adjust the payment a buck or two.
 
MSRP = 37,135
Sale price = $32,695
+
Acquisition fee of $595
= Gross Cap Cost of 33,280
- Cap reductions of $3,352.41 ($2,000 down, $1000 rebate, 352.41 1st payment)
=Net Cap Cost of $29,927.59
 
Monthly Depreciation = 29,927.59-19,310 / 36 = $294.93
 
Monthly Finance = 29,927.59+19,310 * .0007 = $34.39
 
Monthly Payment = 294.93+34.39 = 329.39 * .081(Nv tax rate) = $352.41
 
Did I do something wrong? Why are our monthly payments almost $100 different!?

#37 of 41 CAR MAN ? by kd1007

Apr 10, 2013 (7:43 pm)

MSRP $38,000 2013 AZERA
 
15,000 MI
36 MO.
 
ZERO DOWN
 
WHAT IS THE MONTHLY PRICE $$$ I SHOULD PAY WITH BEST AVAIL DEALS ?
 
PLS JUST GIVE ME MO PAYMENT VS ALL THE CAP COST ETC..
 
THANKS

#38 of 41 Re: CAR MAN ? [kd1007] by Car_man HOST

Apr 11, 2013 (4:29 pm)

Replying to: kd1007 (Apr 10, 2013 7:43 pm)
Hi kd1007. In order to work up a lease payment on this car we need to determine what selling price you should pay. The 2013 Azera that you're interested in probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. Let's say that you are able to negotiate a $2,000 discount on this car.
 
According to my calculations, if you were to lease a '13 Azera that has an MSRP of $38,000 and a selling price o$36,000 through Hyundai Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $464.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#39 of 41 Re: CAR MAN ? [Car_man] by romil01

Apr 11, 2013 (10:53 pm)

Replying to: Car_man (Apr 11, 2013 4:29 pm)
Seems about right. I am paying $480/month with tax on an Azera with Tech, zero down, 15K miles/year. It was fully loaded with all the accessories, window tinting and leather protectant for about $39K.

#40 of 41 Re: CAR MAN ? [romil01] by Car_man HOST

Apr 22, 2013 (4:34 pm)

Replying to: romil01 (Apr 11, 2013 10:53 pm)
Thanks for the confirmation, romil01. How do you like your Azera?
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#41 of 41 Re: CAR MAN ? [Car_man] by romil01

Apr 25, 2013 (7:54 am)

Replying to: Car_man (Apr 22, 2013 4:34 pm)
Car_man,
 
I like it quite a bit. It is a good looking car, has a beautiful, high-quality interior, has plenty of power and gets good mileage. The warranty isn't too shabby either. It isn't perfect, but it is quite a step up from my 2011 Sonata GLS.

Messages Page 5 of 5

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