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Hyundai Santa Fe: Lease Questions

70 messages,  Last post on Aug 27, 2009 at 2:03 AM

You are in the Hyundai Santa Fe Forum. Your Hosts are steve_ & tidester

What is this discussion about? Hyundai Santa Fe, Car Leasing, SUV


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#1 of 70
Hyundai Santa Fe: Lease Questions by Car_man HOST
Aug 31, 2005 (3:10 am)
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Hyundai Santa Fe. Thanks.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#2 of 70
Warranty Question on a Leased Hyundai Santa Fe by tray1
Aug 31, 2005 (3:04 am)
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I have a 2004 Santa Fe with only 22,000 miles on it which is on a 5 yr. lease agreement. My clutch just gave out and the dealer I purchased it from closed 4 weeks after purchase. It had to be towed over 50 miles from my area to the next closest dealer for service. Of course, before even opening it up, they already are trying to assess the liability onto me. My mechanic looked at it before towing and warned me that they would do this. He advised that if it is clutch or transmission or any other power train problem, this should be covered under the 100,000 mile coverage. I already tried to contact customer service to no avail. In fact, the response was, "what do you want me to do?" Not very reassuring. Then the service mngr. tried to convince me to trade up and I waited another day before any action by my part. However, the service mngr. opened it up to diagnose anyway and found it not to be a defect in the clutch but rather the disc worn down to the rivets and the fly wheel may be damaged. I am looking at being liable for over $1400.00 and was told that the warranty on the clutch is only twelve months.
Can you please clarify this problem and give me advise on how to make them take care of this under warranty. I know I have a fight on my hands but I need someone with expertise in my corner. Thanks.
T Ray
#3 of 70
Re: Warranty Question on a Leased Hyundai Santa Fe [tray1] by kirstie_h HOST
Sep 04, 2005 (5:45 am)
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Replying to: tray1 (Aug 31, 2005 3:04 am)

This discussion is mostly about pricing & establishing the lease deal. You might have better luck in one of these discussions:
Hyundai Santa Fe: Problems & Solutions
Warranty Claims Administration
 
kirstie_h
Roving Host
Host, Future Vehicles & Smart Shopper discussions
#4 of 70
2007 Santa Fe Lease??? by colklink
Sep 10, 2006 (11:46 am)
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Deal offered on 07 Santa Fe SE AWD; Deepwater Blue
  
MSRP: $26354
Sale Price: $24,890 ($200 below invoice)
Rate: .00126
Residual: .48
Acquisition Fee: $595
Rebate: $1800 (offered on lease only)
Adjusted Residual: $12,649
Money Down: $1000 (+ first mo. Payment)
Monthly Payment: $367
Terms: 36 mo/ 15K miles/year
  
Looking for advice, is this a good deal? Seems good to me considering if I buy out at end vehicle cost is still below MSRP. Thanks for any advice provided.
#5 of 70
Re: 2007 Santa Fe Lease??? [colklink] by Car_man HOST
Sep 24, 2006 (7:14 am)
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Replying to: colklink (Sep 10, 2006 11:46 am)

Hi colklink. $200 under dealer invoice minus any available cash incentives is a very good price for this truck. Furthermore, the money factor and residual value that you were quoted for this truck look about right to me. Since both of the main profit centers for dealers, the selling price and money factor, look good I personally don't see any reason not to pull the trigger on this deal if you like the truck.
 
Car_man
Host
Prices Paid Forum
#6 of 70
Santa Fe lease (want the best of both worlds) by wannanewcar
Sep 24, 2006 (10:06 pm)
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Forum members, can any of you tell me if this makes sense and is a viable solution that would work for me and allow me to not waste money in the process. I am thinking of leasing a 2007 Santa Fe - one of the main reasons is because I can do it without having to put any money down initially. The other reason is I can pay the monthlies without having to take out a bank note and also the monthlies will probably be lower as well. I drive enough each year where I could go anywhere between 15 - 18K miles per year. Would it make more sense to pay for additional miles up front just in case or take a chance and really see if I go that much past the allotted miles - where it would make sense at that point to purchase the car at the end of the lease. Has anyone ever experieinced something like this?
This may sound crazy but I am trying to avoid having to take out a note right now and want the lower monthlies, but realize I may drive more than the alloted miles given to me. Any suggestions, experiences, or thoughts on how to approach this? How long to take the lease out for, etc..... Any help would be greatly appreciated, thanks.
#7 of 70
lease numbers for 2007 Santa Fe by wannanewcar
Sep 24, 2006 (10:18 pm)
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Can anyone please provide the lease numbers (mf & residual)
on 2007 for 36 & 48 months w/ 15K miles per year
  - Sante Fe SE AWD: w/ touring and premium packages
  - Santa Fe Limited AWD: w/ touring and premium packages
 
Thanks very much in advance. I am thinking about going to the Hyundai Dealer ship in Manchester NH. AutoFair Hyundai.
Thanks again.
#8 of 70
Re: Santa Fe lease (want the best of both worlds) [wannanewcar] by Car_man HOST
Oct 15, 2006 (5:42 am)
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Replying to: wannanewcar (Sep 24, 2006 10:06 pm)

Hi wannanewcar. The highest mileage allowance that Hyundai Finance publishes residual values for is 15,000 miles per year. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is usually less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty. In fact, many banks actually provide lessees with a refund for any miles over 15,000 that they purchase at lease signing if they do not use them. I am not sure if Hyundai Finance does this, but you can ask the F&I person at the dealership you are working with to find out.
 
Car_man
Host
Prices Paid Forum

 
P.S. If you are trying to avoid entering an auto loan so that it does not show up on your credit report, keep in mind that leases do as well.
#9 of 70
Re: lease numbers for 2007 Santa Fe [wannanewcar] by Car_man HOST
Oct 15, 2006 (5:48 am)
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Replying to: wannanewcar (Sep 24, 2006 10:18 pm)

Hey wannanewcar. Hyundai Finance is currently only providing support on 36 month leases of the 2007 Santa Fe. If you were to lease a 2007 Hyundai Santa Fe SE AWD through Hyundai Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00279 55%, respectively. The numbers for an otherwise identical lease of a 2007 Santa Fe Limited AWD are .00283 and 55%. When negotiating your lease on this truck, make sure to take the $1,500 lease cash that Hyundai is currently providing on the '07 Santa Fe into account. It will help you to negotiate an attractive capitalized cost for your lease.
 
Car_man
Host
Prices Paid Forum
#10 of 70
Re: lease numbers for 2007 Santa Fe [Car_man] by doubleh
Nov 16, 2006 (10:56 am)
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Replying to: Car_man (Oct 15, 2006 5:48 am)

where are you guys getting the $1500 lease cash from? don't see it on their website.

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