Hyundai Elantra: Lease Questions

Hyundai Elantra GT, manual with tech and style package (and floor mats)

MSRP: $24,415
Capitalized cost: 21,087.46
Selling price: 22,050
Money factor: .00113
Residual value: 62% (15137.30)
Down payment: $1200
Monthly payment: $222.71 (includes tax)

Am I getting a good deal or are they yanking my chain?

Thanks!

#265 of 302 Lease Help--Newbie by debf1

Mar 17, 2013 (8:57 am)

Read the previous post on leasing and have a question!

Negotiated hard yesterday for Elantra GT Manual with Touch and Go for $18,400 base model. But for a lease, they insist on increasing the cost of $19,800, with down of $2500, $500 discount, payments of $222 with tax for 3 years, residual $12,400 (not sure what Money Factor # is). Seems like this is not such a great deal. But they claim no negotiating on all this. Any advice for a newbie would be appreciated. Tempted to go ahead and purchase, which with a $7500 down would be $219.

The current lease "deal" in Bay Area on GT is $179 for 24 months--this seemed to have changed since yesterday when they told me $189 for 36 months. But in the color I want, only one available has the Touch & Go, and with that they are increasing payment substantially to $220 (before tax and $500).

#266 of 302 Lease insurance by driverone2

Mar 17, 2013 (11:57 am)

One of the dealers I talked about my 2013 elantra lease asked me to send him a scanned copy of my insurance and d. license so he can complete the paperwork. Is this a standard practice? Any suggestion or experiences with this? We were talking about the delivery to my house and he said it would be free and asked if we could wrap up the deal. His offer was:

$219 + tax 6% with $600 down - 24 month 15000 mile 2013 black/beige w preferred package.

How would contract signing even work on distance, any experiences, suggestions?

Thanks.

#267 of 302 Re: Help With Lease Offer Needed! [cali92] by cali92

Mar 18, 2013 (2:31 pm)

Replying to: cali92 (Mar 12, 2013 3:38 pm)

Hi,
I got my Elantra and thought I'd share my numbers. My head was spinning so much with these numbers, I did the best I could at negotiating, not as good as others here but I only got 1 rebate, here goes
GLS with preferred package

MSRP 19750
Sale price 18825
Fees are: bank fee/acq fee 595
Doc fees 540
1st month payment 199
NJ tax 7%
I used competitive rebate 500
I gave them 400 out of pocket and payments are 199 for 24 months
12000 miles a year/money factor .00074/76%residual

#268 of 302 Re: Help With Lease Offer Needed! [sebzx79] by driverone2

Mar 21, 2013 (6:40 am)

Replying to: sebzx79 (Mar 16, 2013 6:38 pm)

Tried, got a mailer daemon. Any other emails?

Replies to this message:

sebzx79 (Mar 22, 2013 4:42 pm)

#269 of 302 Re: Help With Lease Offer Needed! [driverone2] by sebzx79

Mar 22, 2013 (4:42 pm)

Replying to: driverone2 (Mar 21, 2013 6:40 am)

Try again I got emails from other members just fine.
srybicki at comcast dot net
if that does not work same but gmail but I dont check that one often.

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