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Hyundai Azera: Lease Questions

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

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What is this discussion about? Hyundai Azera, Sedan

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#3 of 32 March 2006 Lease Program by HyundaiUSA by ricwhite Mar 04, 2006 (8:37 am)
Hyundai is now advertising a new lease incentive for March of 2006:   Specifics:   http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx   Runs from March 1 to March 31 $299 a month for 27 months on the Azera Limited. $2999 down / $595 acquisition fee / $1500 HMAC support (rebate) / 52% residual w/12000 miles / .00153 (3.67%) money factor   If you want to add the premium or ultimate packages to this offer, it will increase monthly payments by $30-$80 per month depending on the price you're able to negotiate. Replies to this message: tomsawyer1 (Mar 06, 2006 8:56 am)
#4 of 32 Re: March 2006 Lease Program by HyundaiUSA [ricwhite] by tomsawyer1 Mar 06, 2006 (8:56 am)
Replying to: ricwhite (Mar 04, 2006 8:37 am) Even if you could find a dealer who would honor this (good luck, as Hyundai dealers are slimey), it's still a horrible deal:   $2,999 down = $111.07 over 27 months.   $111.07 + lease payment of $299 = $410.07 per month for a base Azera, NOT including all the other crap fees they'll pile on.   Wgo does Hundai think they are? Audi?
#5 of 32 Yeah. . . It's not the best for leasing. by ricwhite Mar 06, 2006 (10:35 am)
Even if you could find a dealer who would honor this (good luck, as Hyundai dealers are slimey), it's still a horrible deal:   You're right. The Azera, unfortunately, has a low resale/ residual rate, which makes leasing expensive -- even when subsidized.   With the subsidized lease, the Azera has a 52% residual after 27 months. That means it loses 48% of its value in just over two years -- and that's subsidized!   In contrast, the Acura TL has a lease deal where the residual is 61% after three years. That means it only loses 39% of its value after three years. Much, much better than the Azera.   Buying the Azera will be no better. In fact, according to Edmunds, the Azera loses over 30% of its value within the first year alone! This is something that is improving, but will not change overnight.   Most on the Azera forums are stating that they are buying the Azera outright or leasing with the intention to buy after the lease and keeping the vehicle for 8-10 years. This would be the only thing that really makes any "financial" sense.   For short term buy or lease, you'd be much better off buying a vehicle that holds its value unless you really don't mind losing a lot of money in depreciation. Replies to this message: joe97 (Mar 06, 2006 5:48 pm)
#6 of 32 Re: Yeah. . . It's not the best for leasing. [ricwhite] by joe97 Mar 06, 2006 (5:48 pm)
Replying to: ricwhite (Mar 06, 2006 10:35 am) This article stated the following:   "For those not yet sold on Hyundai's resale value, the Automotive Lease Guide is forecasting a 42 per cent residual for three years, which is fairly strong for Hyundai."   http://www.jamaicaobserver.com/magazines/Business/html/20060304T140000-0500_9988- - 7_OBS_AZERA_IS_A_HYUNDAI_MAKEOVER_WITH_TOUCH_OF_LUXURY_.asp
#7 of 32 Residuals by danf1 Mar 07, 2006 (6:10 am)
Hyundai is not offering any special residual values. They come dire=ct from ALG. This is unlike what the domestics do when they want to offer a low lease payment. They inflate residuals to get there. HMFC is offering low money factors.
#8 of 32 problem with the Azera lease by metalgate May 16, 2006 (8:13 am)
THe reason most dealers hesitate to do the national lease is because it's based off net pricing. Meaning, to the dealer there's no profit margin. Not to mention, in more than 50% of the states the Limited is still bringing full MSRP. Then it becomes a business decision to lose money, or make money. I work for a Hyundai dealer. It's unfortunate some of you have had such unsavory experiences. I don't believe most dealers were preparred to deal with a premium sedan buyer. I also sell Cady's, so I knew before hand what is expected. My suggestion is to most definately get an Azera, but go to a multi point dealerhsip with at least one established luxury brand. BTW, I have seen more than my share of CTS and STS buyers switch themselves to the Azera and be thrilled to no end.
#9 of 32 AZERA GAS by andreachaim Jul 07, 2006 (7:57 am)
IS THE MILEAGE TRUE TO PRINT OR IS IT LESS? THINKING OF GETTING THE LIMITED
#10 of 32 Re: Hyundai Azera: Lease Questions [pat] by andreachaim Jul 07, 2006 (7:59 am)
Replying to: pat (Mar 04, 2006 7:02 am) how is the gas for this car??? hearing different things want the azera limited thanks andrea Replies to this message: azeraowner (Jul 10, 2006 10:11 am) Car_man (Jul 11, 2006 1:55 am)
#11 of 32 Re: Hyundai Azera: Lease Questions [andreachaim] by azeraowner Jul 10, 2006 (10:11 am)
Replying to: andreachaim (Jul 07, 2006 7:59 am) After one week of ownership, i'm getting 22mpg. Not that great. But not horrible either.   I'm so happy with my Azera that mpg isn't an issue for me.   Look at the big picture.....mpg is only part of the big picture.
#12 of 32 Re: Hyundai Azera: Lease Questions [andreachaim] by Car_man HOST Jul 11, 2006 (1:55 am)
Replying to: andreachaim (Jul 07, 2006 7:59 am) Welcome andrea. This particular discussion is more for consumers to ask questions about leasing the Hyundai Azera. You will have better luck finding information on things like its gas mileage in the following discussion: "Hyundai Azera 2006+".   Car_man Host Prices Paid Forums

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