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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 20 of 31

#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

#187 of 302 Lease Deal by pathfinder813

May 01, 2012 (8:11 am)

I leased an Elantra GLS with the Preferred package in VA for 36 months at 15k miles a year... sticker was 19470 or so and we negotiated a price down to 18050.
 
I ended up leasing for 0 down, $275 a month (paid the first month payment). I believe MF was 0.00208 or so and RV was 62%. This also includes all VA sales tax and all fees.
 
They said this included $1000 lease incentive.
 
Is this right?

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

May 06, 2012 (3:49 pm)

Replying to: cptwlkr (Apr 24, 2012 2:12 pm)
You're very welcome cptwlkr. It sounds like you did well. Thanks for stopping back to let us know how everything turned out. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#189 of 302 2013 Elantra GLS by mgs586

May 10, 2012 (7:03 am)

I am looking to lease a 2013 Elantra GLS with auto transmission (MSRP $18,470)
Any updates to 36 month lease details? I have not decided 12,000 miles or 15,000 miles yet but would be interested in discounted purchase price, money factor and residual.
 
I am co-signing this lease for my college aged daughter. Since she has no credit rating, they mentioned this may push me from the top credit tier to a tier 2 credit. Does that sound right? I am also planning to put $2500 down +/- to keep her payment around the $200/mo range.
 
What the dealer has given me is a $179/mo lease rate that will increase to $189/mo when you include tax, title and license, and may bump up to $199/mo due to the lower credit tier.
 
Any input would be appreciated!

#190 of 302 2013 Elantra Limited with tech package lease details by lovethelancer

May 12, 2012 (2:52 pm)

Hey everyone,
 
So this is what our delaership has agreed to with us:
 
36 month, 12,000 mile/yr lease
 
MSRP: 24600
They agreed to $23,100 after discounts and rebates (However, sales person said the residual and monthly payment is calculated based on original MSRP....is this true?)
 
Risidual value $15990 (This is 65%, should this be lower or higher?)
Money factor: .00244
 
Down Payment: $2500
 
Acquisition Fee: $595
Doc fee: $150
Title/Licensing: $182.75
Taxes: $1204
 
Payments are $300/mo for 36 months
 
Good deal, ok deal, bad deal???
 
Thoughts and feedback appreciated. We are supposed to take delivery on Tuesday.
 
Thanks in advance.

#191 of 302 Help! Never leased before by buffkg

May 27, 2012 (7:23 am)

Currently went to dealer with 23 yr old daughter intending to purchase used. Dealer swayed us to a lease of a 2013 Elantra GLS Limited. $3,000 down + trade-in of 1995 Camaro Z28 (104k miles) inclusive of tax, fees, etc. for 36mo/12k miles/yr $199/mo. "Buy out" of approx $12k end of lease.
 
We have never leased a car before and I am completely unsure of what is fair or how to negotiate a better deal. I will need to co-sign this for her since she is a recent college grad with limited credit.
 
Help pls!
 
Don't believe this is a great deal based on what I've read here. What should we be negotiating and what should we stay away from? We are located in Central NJ.

Messages Page 20 of 31

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