Ask the Car People.SM


Hyundai Elantra Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 23 of 31

#215 of 302 Looking at Leasing new Hyundai Elantra here are the numbers by needadeal4

Dec 29, 2012 (6:09 pm)

Hey Car guy,
 
So this is the deal I got from the dealer in Van Nuys CA.
2013 Hyundai Elantra GLS w/Preferred package MSRP 19,705.00
Offer:
Vehicle: 18,650 taxes 1,638.88 total 20,626.88
due at signing 626.00 36months 236.90
money factor: .00132 residual 66% = 13,005
 
I thought the residual should be around 68%?
 
Is this a good deal?
 
M
 
I feel like this is still a high payment.

#216 of 302 Re: Looking at Leasing new Hyundai Elantra here are the numbers [needadeal4] by Car_man HOST

Dec 30, 2012 (7:29 am)

Replying to: needadeal4 (Dec 29, 2012 6:09 pm)
Hi needadeal4. The money factor that you were quoted looks good. It's right in line with Hyundai Finance's buy rate for this model.
 
The Elantra doesn't have much of a spread between its MSRP and dealer invoice price. I'd say that there's probably a little under $700 or so. So the $1,000 dealer discount that you are being given looks good to me.
 
The two main negotiable aspects of this deal look good, so I'd say that this looks like a good deal to me.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#217 of 302 Re: Looking at Leasing new Hyundai Elantra here are the numbers [Car_man] by needadeal4

Dec 30, 2012 (11:39 am)

Replying to: Car_man (Dec 30, 2012 7:29 am)
Thanks Car_man!
 
I actually got them down to 18,300 today and think I am going to make the deal.
 
Thanks again
 
M

#218 of 302 Jan numbers for a 2013 GLS Auto with Preferred Pkg. by doc_v

Jan 14, 2013 (12:41 am)

Hello Car Man,
 
First of all, thank you so much for providing this service. It is much appreciated
 
I'm here in Northern California and looking to lease a 2013 GLS with Auto and Preferred Package.
 
Through the Costco Auto Buyers Program, I am being offered a good price on the car and MF, but the Residual seems considerable lower than what you've quoted here.
 
MSRP $20,020*
Selling Price $18,000
Residual amount is $11,211 [or 55% if I'm doing my math correctly]
MF is .00091
12k miles per year
 
*The model they're quoting includes carpeted floor mats, cargo net, first aid kit, auto dimming rearview mirror with Homelink, mud guards and rear bumper protector.
 
Is this accurate? Would you please provide the latest numbers?
 
Regards.

#219 of 302 Re: Looking at Leasing new Hyundai Elantra here are the numbers [needadeal4] by Car_man HOST

Jan 15, 2013 (4:44 pm)

Replying to: needadeal4 (Dec 30, 2012 11:39 am)
You're very welcome needadeal4. Good job on getting them to lower the selling price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#220 of 302 Re: Jan numbers for a 2013 GLS Auto with Preferred Pkg. [doc_v] by Car_man HOST

Jan 15, 2013 (4:49 pm)

Replying to: doc_v (Jan 14, 2013 12:41 am)
Hi doc_v. The selling price and money factor that you were quoted look good to me.
 
You never mentioned the payment for this car, but all of the factors that go into calculating it look good to me.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#221 of 302 2013 Hyundai Elantra GLS by dylrex

Jan 15, 2013 (6:37 pm)

Hi Car_man.
 
Can you please provide me with the money factor and residual for a 3 year lease with 15k per year for an Elantra GLS?
 
Thank you!!

#222 of 302 Re: Jan numbers for a 2013 GLS Auto with Preferred Pkg. [Car_man] by doc_v

Jan 15, 2013 (11:10 pm)

Replying to: Car_man (Jan 15, 2013 4:49 pm)
Car_Man
 
My main concern was the Depreciation Factor of 55%. This is opposed to the 63-66% you've quoted above.
 
55% seems especially low considering they are only preliminary numbers and I've yet to submit to any credit reviews.
 
The monthly payment is $196 per month including tax and includes a $2,000 cap reduction.
 
Could you tell me what the depreciation factor should be with a credit score around 700?
 
Thanks again.
 
Doc_V

#223 of 302 Re: Jan numbers for a 2013 GLS Auto with Preferred Pkg. [doc_v] by dylrex

Jan 16, 2013 (8:10 pm)

Replying to: doc_v (Jan 15, 2013 11:10 pm)
Hi Doc_V
I've been shopping the same vehicle and I found the below numbers on another site. These numbers are for 15k miles a year. The residual would be 2% higher with 12k miles a year.
 
2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 61% off MSRP – .00082 Base Rate
 
After seeing Car_man's response to your question, I'm a bit confused.

#224 of 302 Jan 2013 MF and Residual by doc_v

Jan 21, 2013 (12:15 am)

Just a heads up for anyone who's interested. The offer I've been given on a GLS with auto and Preferred Pkg. was a MF of .00082 and residual value of 63%. Sale price is $17,179.

Messages Page 23 of 31

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement