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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 23 of 31

#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.

#225 of 302 Re: Jan 2013 MF and Residual [doc_v] by dylrex

Jan 21, 2013 (7:20 am)

Replying to: doc_v (Jan 21, 2013 12:15 am)
What's the sticker price and how many miles per year? Also, does the sales price include any dealer cash?

#226 of 302 Re: 2013 Hyundai Elantra GLS [dylrex] by Car_man HOST

Jan 21, 2013 (2:08 pm)

Replying to: dylrex (Jan 15, 2013 6:37 pm)
Hello dylrex. Hyundai Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra Sedan GLS with an automatic transmission and 15,000 miles per year are .00081 and 61% for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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

Jan 21, 2013 (2:11 pm)

Replying to: doc_v (Jan 15, 2013 11:10 pm)
Hi Doc_V. It's strange that the residual value would be any different than what Hyundai Finance has published. Dealers really do not have the ability to alter banks' residuals.
 
Your credit score should not have any impact upon the residual value, just the money factor.
 
The residual value for a 36-month lease of a 2013 Elantra GLS with Auto and 12,000 miles per year should be 63%. If your vehicle's residual value is significantly different than this make sure to ask the dealer why that is the case.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 23 of 31

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