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Hyundai Azera Lease Questions

32 messages,  Last post on Mar 07, 2009 at 3:46 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are pat & karens

What is this discussion about? Hyundai Azera, Sedan


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#23 of 32
Re: Hyundai Azera: Lease Questions [imaricci] by Car_man HOST
Oct 15, 2006 (5:32 am)
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Replying to: imaricci (Sep 25, 2006 9:06 am)

Hi imaricci. The following articles should answer any questions that you have about leasing: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Check them out and let me know if you have any specific questions that they don't answer. I will be happy to answer them for you.
 
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#24 of 32
edmunds:calculate your own lease payments:monet factor by johnbaxter1
Oct 19, 2006 (4:32 am)
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I would appreciate help in how Iwould determine the money
factor?In your example,a 9% annual interest rate translates
into a .00375 monthly interest payment as far as I can
determine from your Leasing Tips.
Please explain the math by which this .00375 was calculated
off of a 9%APR?
How do I calculate the money factor given different APR
numbers from differdnt Hyundai dealers?(as I begin
negotiating)?
#25 of 32
Re: Leasing [alross] by drdonrs
Oct 19, 2006 (1:18 pm)
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Replying to: alross (Aug 16, 2006 8:07 am)

Al,
You are absolutely right. I am a long time Acura TL user and leased for many years. I purchased a Sonata LX in Jan. and just recently purchased my Azera Limited. I have even offered to speak to potential Azera customers at my dealership, as a most satisfied customer. I too have offered my "opinion" that Hyundai dealerships are not setup to deal with the near luxury customer. I have actually have called their attention to some of the features that the car possesses. I have a friend that has a 2006 Lexus ES and this car has it beat by a mile. I have never enjoyed 2 cars more than my new Hyundais. You can't sell Elantras with the same sales methodology as an entry level luxury car such as the Azera. Look at the showrooms for Acura, Lexus, Infiniti to name a few. Different ambiance for a more upscale customer. I will say this, when I purchased my Azera I spent a short period of time answering questions which were apparently geared to finding out what the typical customer, who is buying an Azera, interests are. So they are probably aware of what it will take.
Bottom line, I have 2 awesome cars.
Don
#26 of 32
Re: edmunds:calculate your own lease payments:monet factor [johnbaxter1] by Car_man HOST
Nov 06, 2006 (4:01 am)
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Replying to: johnbaxter1 (Oct 19, 2006 4:32 am)

Hi johnbaxter1. It's not easy to back into what a vehicle's money factor is, unless one knows all of the details of a deal, like the MSRP, selling price, residual value, etc... The money factor that you calculated is too high. Hyundai Finance's current buy rate lease money factor for the 2007 Hyundai Azera Limited is only .00192. It is .00211 for the 2007 Azera SE. Let me know if you need any other information or have any other questions.
 
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#27 of 32
Re: edmunds:calculate your own lease payments:monet factor [Car_man] by dmallia
May 06, 2007 (12:26 pm)
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Replying to: Car_man (Nov 06, 2006 4:01 am)

I haven't seen a post in a while about 07, and 06 leasing prices. What is a reasonable price in the Midwest. How and when would increased residual values be reflected in lower lease payments. Any help from posters is greatly appreciated.
#28 of 32
Re: edmunds:calculate your own lease payments:monet factor [dmallia] by Car_man HOST
May 10, 2007 (3:32 am)
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Replying to: dmallia (May 06, 2007 12:26 pm)

Hi dmallia. The monthly payment for an Azera will depend upon what its MSRP and selling price are, as well as how long you lease it for and what mileage allowance you opt to go with. If you provide me with these variables I would be happy to use Hyundai's current lease program to estimate what your monthly payment would be. As far as this car's selling price goes, shoot for as close to dealer invoice as possible and then have the dealer subtract the $1,350 lease cash that Hyundai is providing on the '07 Azera right now. You may be able to get a good idea of how much you will have to pay for this car right now by visiting the following discussion: "Hyundai Azera: Prices Paid & Buying Experience".
 
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#29 of 32
Current Azera Lease Variables? by setamp
Jul 15, 2007 (5:23 am)
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Does anyone know Hyundai's current residual % for 36months and interest rate / money factor?
#30 of 32
Re: Current Azera Lease Variables? [setamp] by dborth
Jul 15, 2007 (3:05 pm)
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Replying to: setamp (Jul 15, 2007 5:23 am)

An odd question for an "almost luxury" sedan. I think you will find too the factory sponsored lease incentive is 30 months / 12,000, not 36 months. "Residual" is stated in dollars, not %...(in my case 56% of cap. cost) "Money factor" is not disclosed, at least on my lease contract.
#31 of 32
Re: Current Azera Lease Variables? [setamp] by Car_man HOST
Jul 20, 2007 (2:59 am)
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Replying to: setamp (Jul 15, 2007 5:23 am)

Hi setamp. According to the latest information that I have seen, Hyundai's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Azera with 15,000 miles per year are .00139 and 44%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,250 that Hyundai is providing on it. This cash will help you to negotiate an attractive capitalized cost.
 
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Prices Paid: Buying & Leasing Experiences Forum
#32 of 32
Lease end by dborth
Mar 07, 2009 (3:46 am)
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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".

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