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Hyundai Elantra Lease Questions

302 messages,  Last post on May 14, 2013 at 6:16 AM

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What is this discussion about? Hyundai Elantra, Car Leasing, Sedan

Messages Page 19 of 31

#174 of 302 Re: February Elantra Lease Details [chcougar1] by lamstang94

Feb 23, 2012 (9:00 am)

Replying to: chcougar1 (Feb 21, 2012 10:01 pm)
My friend just leased the same car. He got it for 23200. Not having much credit might put her up in the Tier 2 credit rating which will increase her payments. The upfront fees were first months payment, money for the registration for plates, some BS dealer conveyance fee, he rolled the tax in the payment. He also only put $1000 down.What state are you trying to buy it in? Dealers have different fees but some are these are BS fees.

#175 of 302 Re: February Elantra Lease Details [chcougar1] by dan36124

Feb 24, 2012 (12:59 am)

Replying to: chcougar1 (Feb 21, 2012 10:01 pm)
Hey chcougar-
 
I'm not car man, but figure maybe I can help.
 
I looked up the Elantra Limited with Tech and I get MSRP of 23,470.
Let's say they sell you the car for invoice. 22,413.
a 15k residual should be 58% and the money factor is .00190 (4.56%)
Also I figured a $1,000 incentive. I'm not sure where you live, but I guessed 7% sales tax and NO CAP COST REDUCTION. Never put down anything like that on a lease. If you total the car or it gets stolen and never found, that money is gone. Keep it in your account.
 
So all that figured in, I get $303 a month, that's if they give her .00190, which is no huge bargain...But hopefully they would.
 
The only things you should pay up front on a lease are registration, bank fee and first month. Make them dump the doc fee. Its just pure profit. The tax should be in the payment, don't pay it up front all at once. Also, keep in mind you'll only pay sales tax on the amount of car depreciation you use. Which would be 22417 (selling price) - 13612 (residual) = $8805. Only that is taxable.
 
If you roll in an even $1000 in fees, it looks like $334, just to give you an idea.
 
Hope that helps.

#176 of 302 Lease deal good or bad by lamstang94

Feb 25, 2012 (2:51 pm)

Just got some prices on a 2012 limited elantra with nav, 12,000 miles a year. Dealer told me a residual of 59% and money factor of .00190. Is the residual correct? Price they gave me was 22990. Up front cost were:
 
ACQ fee- 595
first months payment- 290
license and reg, title- 175
dealer convy- 499
cap reduction- 63.50
tax on reg fees.
 
Thinking about asking them to take another $300 off the prices of the car because of that bs conveyance fee. Was told $2500 down and $290 a month. What are your thoughts? Good deal??
 
Thanks

#177 of 302 Re: February Elantra Lease Details [dan36124] by chcougar1

Feb 29, 2012 (9:04 pm)

Replying to: dan36124 (Feb 24, 2012 12:59 am)
Thanks. We live in Washington State, which bends people over on sales tax for auto purchases. I think it is something like 11-12% Thanks for the insight though. That is helpful. We are trying to decide to finance or lease. we would like the lower lease monthly payment, but if she has $6000 she could put down on finance then maybe that is better in the long run.

#178 of 302 Re: February Elantra Lease Details [chcougar1] by Car_man HOST

Mar 04, 2012 (10:44 am)

Replying to: chcougar1 (Feb 21, 2012 10:01 pm)
Thanks chcougar1. You're absolutely correct, you definitely should not make a large down payment when leasing. Consumers who put a lot of money down when leasing risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. It's much safer to go with a zero down lease.
 
The only things that would add to the selling price that you negotiated on the Elantra that you want are Hyundai Finance's acquisition fee of $595 (which can be paid at signing if you want) and any state taxes or fees, such as registration, tire tax, sales tax, etc...
 
I need both this car's original full MSRP (including the destination charge) and the selling price that you negotiated to work up a lease payment for you. Let me know what those figures are and I'll gladly crunch some numbers for you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#179 of 302 Re: February Elantra Lease Details [chcougar1] by Car_man HOST

Mar 04, 2012 (10:46 am)

Replying to: chcougar1 (Feb 29, 2012 9:04 pm)
By the way, if you want to put a lot of money down you would be better off financing rather than leasing. Hyundai is currently running a special financing program that you might qualify for, featuring 1.9% financing for 3 years, 2.9% for 4 years, 3.9% for 5 years or 4.9% for 6 years.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#180 of 302 Re: February Elantra Lease Details [Car_man] by chcougar1

Mar 14, 2012 (9:19 pm)

Replying to: Car_man (Mar 04, 2012 10:44 am)
Msrp is 22695 plus the 595 fee. WA state vehicle sales taxes are like 10-12% if we get it down to a flat 23000 including the fee but before taxes what is the estimated cost?

#181 of 302 Re: February Elantra Lease Details [chcougar1] by Car_man HOST

Mar 22, 2012 (5:12 pm)

Replying to: chcougar1 (Mar 14, 2012 9:19 pm)
Hey chcougar1. According to my calculations, if you were to lease a 2012 Elantra Limited with Tech that has an MSRP of $22,695 and a selling price of $23,000 through Hyundai Finance right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $342.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#182 of 302 2013 Elantra Limited by phredd44

Mar 30, 2012 (12:35 pm)

Looking to lease 2013 Elantra Limited. Is there any info available for lease rates yet?
 
In particular, do you have the Residual, MF, and fees for a 36 month lease with 12,000mi./yr.?
 
Thanks

#183 of 302 Re: 2013 Elantra Limited by cptwlkr

Apr 07, 2012 (4:20 am)

Replying to: phredd44 (Mar 30, 2012 12:35 pm)
Any thoughts on this 2013 Hundai Elantra Limited lease deal? Money factor is a bit high, residual seems ok for 48 months, paying MSRP but no fees other than delivery and acquisition.
 
MSRP $22045
Sell $ 22795
Term 48 months/12K miles per year
Residual 56%
Acq Fee 595
Money .00190 (4.56%)
Taxes $1001
Monthly $298
 
0 down, 0 money on deliver, lic fees, doc fees are all being 'shorted' by dealer
 
thanks!

Messages Page 19 of 31

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