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Hyundai Santa Fe: Lease Questions

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

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

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#31 of 70 Re: Lease monthly payments [mrmister2000] by lv2drv Mar 23, 2007 (3:39 pm)
Replying to: mrmister2000 (Mar 21, 2007 7:16 pm) Thanks for your reply. The lease term is so long because we intend to keep the vehicle a long time. We tend to run them in the ground. We did want to lease because we have to sell a motorcycle and our Intrepid to buy or lease. I told my husband we had to have the SF before we leave on a trip to Louisiana, which is about 750 miles from here. We leave in mid-April, so time is short. If we lease, there is no hurry to sell the other vehicles. But it sounds like leasing is a joke, at least around here (dealers in Iowa and Illinois). So, we'll see what happens. We are leaning heavily toward buying and we'll have to sell the vehicles more quickly.
#32 of 70 Re: Lease monthly payments [mrmister2000] by lv2drv Mar 23, 2007 (3:49 pm)
Replying to: mrmister2000 (Mar 21, 2007 7:16 pm) Mrmister2000, I am so sorry. I don't know where I got six years. My husband just told me it was for 30 months. My husband said they said the residual is too high. Replies to this message: mrmister2000 (Mar 23, 2007 6:07 pm) monkey145 (Apr 10, 2007 10:32 am) mrmister2000 (Apr 15, 2007 10:54 am)
#33 of 70 Re: Lease monthly payments [lv2drv] by mrmister2000 Mar 23, 2007 (6:07 pm)
Replying to: lv2drv (Mar 23, 2007 3:49 pm) In that case, it looks like your total payments (before tax) over 30 months would be around $13,650?   I believe someone else on this forum recently purchased an AWD Limited with Premium Package for around $25,100. Since that price was for an AWD I hazard to guess the best price you could negotiate for a 2WD of the same would be maybe $24,000.   Now, since the actual MSRP of a 2WD Limited w/Premium is somewhere just shy of around $27,800 and the residual after 30 months is probably somewhere in the neighborhood of 58%, that means the residual value would likely be around $16,124 if the above guesses held true.   So now we subtract $16,124 from a possible negotiated price of $24,000 (not the MSRP, from which the residual value was derived) and that means that over the course of 30 months the value of the truck that you could actually be expected to pay could be $7,876, which divided by 30 would be monthly payments of $263 before taxes.   This are just guesses and assumptions, but in any case I'm quite certain that you could probably do a LOT better than $455/month, even without a down-payment.   Does anyone else here agree/disagree? I tried to take my best guess, but other's inputs would certainly be appreciated. Replies to this message: monkey145 (Apr 10, 2007 10:32 am) mrmister2000 (Apr 15, 2007 10:54 am)
#34 of 70 Looking to Lease an AWD Santa Fe in New York by dave_h2 Apr 09, 2007 (12:03 pm)
I am looking to lease an AWD Santa Fe in New York (Long Island specifically). Any info regarding local dealers that give quotes through the internet would be most appreciated.   Thanks
#35 of 70 Re: Lease monthly payments [mrmister2000] by rick2456 Apr 10, 2007 (3:23 am)
Replying to: mrmister2000 (Mar 21, 2007 7:16 pm) I have to concur. This seems very high. When you lease for this long, you are basically buying the vehicle as after 6 yrs, the residual value is only a few thousand dollars. Sounds like you are either getting ripped off big time or have around 10K in negative equity. If no neg equity, you should be able to buy this vehicle outright for 450/month-6yrs, if not less. Good luck.
#36 of 70 Re: Lease monthly payments [mrmister2000] by monkey145 Apr 10, 2007 (10:32 am)
Replying to: mrmister2000 (Mar 23, 2007 6:07 pm) $263 seams too good of a deal. I don't think that is factoring any interest into the deal at all.
#37 of 70 leasing in WI by monkey145 Apr 10, 2007 (10:42 am)
I found a local dealer in WI that is offering its own employee pricing on any new 07 Sante Fe. Deal is invoice minus $100 bucks. I used the 30 month .00137 money factor, 58% residual MSRP 26515 (auto SE AWD) and negotiated price of 22926 +/-. Invoice minus $100 minus a $2000 lease rebate the local dealer said is available. using leaseguide.com as a guide I got $319 for 30 months with no down payment and $331 over 39 months.   do those numbers seem real world or comparable to anyone that has recently leased? Replies to this message: Car_man (Apr 13, 2007 3:10 am)
#38 of 70 Re: leasing in WI [monkey145] by Car_man HOST Apr 13, 2007 (3:10 am)
Replying to: monkey145 (Apr 10, 2007 10:42 am) Hi monkey145. Dealer invoice minus $100 minus the $2,000 lease cash that is currently available on the 2007 Santa Fe is a very good deal. The money factor that you were quoted looks great too. If you like the truck, I personally don't see any reason not to go for it.   Car_man Host Prices Paid Forum
#39 of 70 Lease questions by jwendler Apr 14, 2007 (8:50 pm)
I went to Sansone AutoMall in Avenel in NJ and priced an SE FWD Santa Fe. Base model. The dealer started at 389 per month for 30 with 2,000 down. We told him too much. They went down to 299 per month for 39 months, same $2,000, but would not tell us the residual, money factor or anything. Is 299 for 39 months a decent deal or not. Replies to this message: Car_man (May 11, 2007 1:19 am)
#40 of 70 Re: Lease monthly payments [mrmister2000] by mrmister2000 Apr 15, 2007 (10:54 am)
Replying to: mrmister2000 (Mar 23, 2007 6:07 pm) Hello all. Here's an update to my previous post... it seems that the current money factor on the lease of a 2007 Santa Fe Limited is now .00333, which is actually twice the amount that was quoted in this thread earlier. I think the money factor had previously been quoted as being only .00169, so either they have changed the leasing deals for the Limited, since that was posted here, or the original MF was way off to begin with.   Either way, last week after 3 hours in the dealership I walked away from what had otherwise been an excellent price on an AWD Limited with Ultimate package, as the difference in the Money Factor compared to what I had expected it to be based on what I had read earlier in this thread had added an extra $100/month to the lease payments over 30 months! And all that extra money just in extra interest!   I had driven the vehicle, "loved" the negotiated sales price, and was ready to sign the agreement, but there was no way in hell I was going to pay 8% interest on something I wouldn't even be owning and I can't afford to finance a vehicle that costs this much, even over 6 years.   It really stinks, because I had researched this vehicle for over two years now, long before it had ever been released to the public and I really do LOVE this vehicle. BUT, Hyundai has to offer some MUCH more competitive leasing deals on the SE and Limited if they want my business. As for me, I've now completely given up on getting a Santa Fe and I'm now looking at Honda cars and Nissan SUV's instead, since they generally seem to have much more agreeable leasing specials on a regular basis. I might even try to wait it out until September when the Nissan Rogue gets introduced and see if they have any special introductory leasing deals for it.   What a dissappointment.

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