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Hyundai Santa Fe: Lease Questions
73 messages, Last post on Feb 24, 2010 at 6:16 AM
You are in the Hyundai Santa Fe Forum. Your Hosts are steve_ & tidester
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thanks for all the info here, carman is there any way to find out what the current money factor and residual rate is for the 07 Santa Fe SE AWD? thnx |
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ok, after meeting with a dealer this past saturday, i now have some new numbers price: $25,552 (including $670 destination fee) minus special lease cash of $2,000 (tax calculated before, unfortunately) money factor: .00286 (6.86%, roughly) lease term: 42 months residual (45%) 12,035 monthly payment of $437.73 this is on a Santa Fe SE 4dr AWD w/xm (3.3L 6 cyl). no leather or moonroof. the standard SE model with XM radio. how does this deal look?
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I guess this is the lease question. I shopped around the Houston hyundai dealers, and was told that if do the ballon finance, there is $1000 extra rebate. I have enough cash for the purchase, so could anybody shed some light please? Is there any catch in this balloon thing? What do I need to be careful about? I plan to pay it off asap. Just want to get extra rebate. Thanks a lot!
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first off - and this is directed at lcdos - i've never done the 'baloon' thing (it was never an appealing option for me) - but if it is as you say - a way for you to not have to pay taxes twice - then i suppose its a good thing. as for my ongoing negotiations - i've gotten this latest email from another dealer i am currently 'negotiating' with: Ok. Yesterday the lease programs changed. I will outline them below. Pricing is still the same, the terms have changed. These quotes are based on sign & drive(1st pmt and dmv out of pocket only). 2007 Hyundai Santa Fe SE AWD $495 x 24 months $459 x 36 months $432 x 48 months The touring package is approximately $2600.00 more, therefore the pmt would increase by approximately $60.00 per month. If there is any other information I could provide to you, please dont hesitate to ask. Thank you. my first question would be - why would a lease program suddenly change on the 16th of the month? this sounds like BS to me. why would he feel compelled to do this? otherwise, the numbers look similar to the ones given me by the previous dealer. i'll be doing a bit more 'face time' this Saturday with at least one dealer (possibly more) as the emails only go so far. if anyone knows if there has been a sudden change in the 'lease program', i'd love to hear some confirmation of this. thanks. 'wheels' |
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Replying to: jak51 (May 11, 2007 6:11 am) Car_man Host Prices Paid Forum |
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Replying to: haewalli (May 14, 2007 8:20 am) Car_man Host Prices Paid Forum |
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Replying to: lcdos (May 14, 2007 8:00 pm) Car_man Host Prices Paid Forum |
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Emailed 5 dealers last night requesting their best offer for a 2007 Santa Fe Limited FWD with Premium or Ultimate Packages. Below are the first two responses. My question is how much negotiating room is there on these two offers, how much lower can I expect to get these down? Any thoughts would be very much appreciated. Thanks. 1. Ok This quote is for a Santa Fe Limited with the Ultimate package. 36 month lease with 2,500 due at signing. 2. The vehicle is available now. 3. MSRP 30,260.00 4. Your price is 29,000 less a total cap reducation of 3,738 (your discount + acc fee + rebate of 2,000) = 26,355.32 5. 29,000 +acc fee 595 - down 2500 = 27,095 6. Lease term 36 with 12,000 7. money factor = .00288 8. Residual = 48% 9. Monthly no tax 446.36 1. 2007 Hyundai Santa Fe Limited with Premium Package with beige interior 2. Vehicle is ready for delivery tonight before 9:00 p.m. 3. 27,860.00 - MSRP 4. 26500-2000 origination support + 595 acq fee + 498 administrative fee - down payment 2500 5. 36 months 12K miles per year (if you would like a longer term it is available) 6. .00288 assuming a+ credit rating 7. 13,372.80 8. 397 dollars
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Replying to: hoyasaxa1 (Jun 22, 2007 7:10 am) How much should the selling price be on the following deal? 2007 Santa Fe GLS AUTO FWD with XM (bare bones GLS) floor mats MSRP 23110 including destination Edmunds invoice 22224 Residual 59% (24 month/12K miles) Money factor .00039 $500 down. I believe there is $2000 in rebates from hyundai for leasing. acc fee $495 and dealer fees of $250 tax rate is 7.5% How much do you think I clould get the selling price down to? And what would the monthly payment be? Thanks!
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Replying to: hoyasaxa1 (Jun 22, 2007 7:10 am) Does anyone know if there are any incentives / rates change for the month of July? Is the .00288, 48% deal valid for Zero Down? Is the $1000 acq fee + admin fee a requirement? Looks like the best deal out there would be: Invoice - $1000 (reported market discount) - $2000 (customer cash)?
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