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Hyundai Elantra: Lease Questions

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

You are in the Hyundai Elantra Forum.

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

Messages Page 19 of 31

#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
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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
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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!

#184 of 302 Re: 2013 Elantra Limited [phredd44] by Car_man HOST

Apr 22, 2012 (3:23 pm)

Replying to: phredd44 (Mar 30, 2012 12:35 pm)
Yes there is phredd44. Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra Limited with 12,000 miles per year are .00204 and 59%, respectively for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#185 of 302 Re: 2013 Elantra Limited [cptwlkr] by Car_man HOST

Apr 22, 2012 (3:25 pm)

Replying to: cptwlkr (Apr 07, 2012 4:20 am)
Hi cptwlkr. While the money factor that you were quoted is not great, it's right in line with Hyundai Finance's buy rate for this model.
 
Having said that, you definitely should try to negotiate some sort of dealer discount from MSRP.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#186 of 302 Re: 2013 Elantra Limited [Car_man] by cptwlkr

Apr 24, 2012 (2:12 pm)

Replying to: Car_man (Apr 22, 2012 3:25 pm)
Thanks Car_man .. was able to get several items shorted or discounted by the dealership - acquisition fee (and disposition end of lease fee) along with doc fee were deducted or 0'd out in the deal...your suggestions/advise much appreciated.
Also got mud guards, wind deflector, iPod cable, floor mats for 0 additional. We're happy and love our new Elantra.
~cptwlkr

Messages Page 19 of 31

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