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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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#51 of 70
Re: Back with more numbers [haewalli] by Car_man HOST
Jun 14, 2007 (2:37 am)
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Replying to: haewalli (May 14, 2007 8:20 am)

Hi haewalli. The money factor and residual value that you were quoted for this truck look about right to me. The lease cash incentive that you mentioned is correct as well. You mentioned this truck's selling price, which is a very important number, but you never mentioned what its MSRP is. The MSRP will help me to evaluate your deal by showing me how much of a discount you are being given. Let me know what this number is and I'll tell you what I think.
 
Car_man
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Prices Paid Forum
#52 of 70
Re: what is the balloon finance rebate about? [lcdos] by Car_man HOST
Jun 14, 2007 (2:41 am)
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Replying to: lcdos (May 14, 2007 8:00 pm)

Hi lcdos. Balloon notes are very similar to leases. They aren't used nearly as often though, usually just in states like Texas where the sales tax laws make them more attractive than leases. It is true that Hyundai Finance's cash incentive for Santa Fe leases and balloon notes is $2,000, while its normal customer cash is only $1,000, but if you weren't planning on leasing (or balloon noting ) don't let this additional cash push you to do so. Make sure that you find out exactly how much it would cost you to purchase your truck right away if you go with the balloon note option before going in that direction. It may end up being more expensive to break your balloon note early than it would have been to just finance or pay cash for your Santa Fe in the first place.
 
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Prices Paid Forum
#53 of 70
Opening dealer bids for a 2007 Santa Fe Limited by hoyasaxa1
Jun 22, 2007 (7:10 am)
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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
#54 of 70
Re: Opening dealer bids for a 2007 Santa Fe Limited [hoyasaxa1] by wooohaaa
Jun 24, 2007 (5:56 am)
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Replying to: hoyasaxa1 (Jun 22, 2007 7:10 am)

Hello carman...
 
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!
#55 of 70
Re: Opening dealer bids for a 2007 Santa Fe Limited [hoyasaxa1] by aepheme
Jul 02, 2007 (11:47 am)
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Replying to: hoyasaxa1 (Jun 22, 2007 7:10 am)

hoyasaxa1, Any further progress with this deal?
 
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)?
#56 of 70
Re: Opening dealer bids for a 2007 Santa Fe Limited [aepheme] by hoyasaxa1
Jul 02, 2007 (12:10 pm)
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Replying to: aepheme (Jul 02, 2007 11:47 am)

Went back and forth with a couple dealers. Got the sale price down to invoice $26,100 less the $2,000 rebate. Going to close tonight and will work on eliminating the acq and admin fees (approx $1,000). I will provide an update when we receive the vehicle.
#57 of 70
2007 Santa Fe GLS (FWD) Lease Deal by mikejones1
Jul 08, 2007 (8:16 pm)
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What do you think of the following lease deal? Do you think there is money left on the table? I told the dealer I wanted 299 month including tax and I would put max 500 down.
 
So... here is what he came back with...
 
2007 Santa Fe GLS (FWD, Auto, Floor mats)
24month\12K
 
MSRP: 23,110 (includes destination)
Edmunds invoice: 22,224
Residual: 59% (13,635)
Money Factor: .00039
Selling Price: 20450 (Includes acq fee and doc fee. I got this number from leaseguide.com after punching in the MSRP, down payment, residual, money factor, tax rate, lease term then played around to get the monthly payment to be 299 including tax.)
Down Payment: 450
Tax 7.5%
 
299 month including taxes. Also will pay first month of 299 so left with 23 payments of 299.
 
Do the numbers look correct? Was I correct in calculating the selling price the way I did?
 
Thanks
 
Mike
#58 of 70
Re: Opening dealer bids for a 2007 Santa Fe Limited [wooohaaa] by Car_man HOST
Jul 26, 2007 (1:23 am)
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Replying to: wooohaaa (Jun 24, 2007 5:56 am)

Hi wooohaaa. I am not personally all that familiar with what the market is like for the Hyundai Santa Fe in your area right now, but I would not be surprised if you were able to negotiate this vehicle's selling price down to $500 over invoice and then have the $2,000 lease cash that is available on it subtracted from that.
 
According to my calculations, if you were to lease a 2007 Hyundai Santa Fe GLS 2WD that has an MSRP of $23,110 and a selling price of $20,724 through Hyundai's captive finance company right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $319.
 
Good luck in your quest for a new Santa Fe and make sure to stop back and let us know how everything turns out. In fact, you can share your thoughts on the dealer that you end up buying from by looking up the dealer in the following section of Edmunds.com and writing a review of your sales experience: Edmunds.com Dealer Ratings & Reviews.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#59 of 70
Re: Opening dealer bids for a 2007 Santa Fe Limited [hoyasaxa1] by Car_man HOST
Jul 26, 2007 (1:27 am)
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Replying to: hoyasaxa1 (Jul 02, 2007 12:10 pm)

Hi hoyasaxa1. Dealer invoice minus the $2,000 lease cash is a very attractive selling price for a Hyundai Santa Fe. Thanks for taking the time to share the details of your deal with everyone. If you'd like, you can share the details of your sales experience with an even wider audience by visiting the Edmunds.com Dealer Ratings & Reviews section of this site.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#60 of 70
Re: 2007 Santa Fe GLS (FWD) Lease Deal [mikejones1] by Car_man HOST
Jul 26, 2007 (1:30 am)
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Replying to: mikejones1 (Jul 08, 2007 8:16 pm)

Hi Mike. The selling price that you came up with for the Santa Fe that you want looks great to me. It is essentially $225 over invoice minus the $2,000 lease cash. If you like the Santa Fe, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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