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Hyundai Veracruz Lease Questions

68 messages,  Last post on Aug 14, 2009 at 6:30 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Veracruz, Car Leasing, Car Buying, SUV


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#21 of 68
Re: Good deal or not? [seloo] by bobw3
Sep 22, 2007 (1:18 pm)
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Replying to: seloo (Sep 22, 2007 7:04 am)

Sort of funny how the word "savvy" is thrown around by some folks. My posts are not negative but trying to show the whole picture of car buying. Some people think they're "savvy" just because they paid below invoice only to have lost money on the trade-in, financing, add-ons, extended warranties, etc.
#22 of 68
Re: Good deal or not? [bobw3] by seloo
Sep 22, 2007 (1:48 pm)
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Replying to: bobw3 (Sep 22, 2007 1:18 pm)

Your pitch sounds very much like an "old school" car salesman.
 
While, I cannot speak for everyone, I fully understand the real 'net' or 'dead' cost of a car, the invoice is just a good reference point for discussion.
 
Trade-in - I do not trade-in with a dealer, I always sell the car myself. Usually, I get about 25% more by selling it myself. Most people on these boards know to keep that part of the transaction separate.
 
Financing - Unless the dealer is offering special financing (like 0%) I pass. If your credit is good, there are numerous places to get cheap money.
 
Add-ons - This is old school stuff, (can you say ziebart, fabric protection, this list goes on and on) I never pay for this stuff. Add to this list prep fees, document fees, marketing fees, etc....
 
Extended Warranties - You also have to know how to make a deal on this product. In most cases this product has a 75-100% mark-up. You really have to do your homework before purchasing this product.
 
Your point is well taken and I do not claim to know everything about the car business. Please enlighten us with your words of wisdom?
#23 of 68
Re: Good deal or not? [seloo] by bobw3
Sep 22, 2007 (6:16 pm)
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Replying to: seloo (Sep 22, 2007 1:48 pm)

Exactly...that's why I mentioned the issues beyond invoice pricing. It's good that you agree. But you can easily find the invoice price of a vehicle online. I thought for a moment that you expected dealers to come to these forums and start offering their best price.
#24 of 68
Re: Good deal or not? [bobw3] by hardhawk
Sep 24, 2007 (3:30 pm)
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Replying to: bobw3 (Sep 22, 2007 6:16 pm)

The dealers should come to these forums and offer their best price. Then we would know who to stay away from and who to deal with.
#25 of 68
Re: Good deal or not? [hardhawk] by kyfdx HOST
Sep 24, 2007 (3:39 pm)
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Replying to: hardhawk (Sep 24, 2007 3:30 pm)

They can't do that, though... That would violate forum rules..
#26 of 68
Re: Good deal or not? [kyfdx] by hardhawk
Sep 26, 2007 (5:11 pm)
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Replying to: kyfdx (Sep 24, 2007 3:39 pm)

I know, but it would be fun!
#27 of 68
Please verify and update Veracruz (VC) lease data by pegasus17
Sep 27, 2007 (11:06 am)
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Replying to: kyfdx (Sep 24, 2007 3:39 pm)

My local sales dude told me the following on a 24 month/24k mile lease:
GLS - .00145mf; fwd 66%/ awd 67%
SE - .00160mf; fwd 64%/ awd 65%
Also there is $1000 origination support from HMFC. Please complete (i.e., LIMITED data) and confirm the above...THX
#28 of 68
Re: Please verify and update Veracruz (VC) lease data [pegasus17] by thed
Oct 14, 2007 (6:14 pm)
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Replying to: pegasus17 (Sep 27, 2007 11:06 am)

Hey...sorry if this is a newb question, but I'm wondering if I'm getting a deal.. (I have googled it and I don't know what the $1000 HFMC means...)
 
I want to lease a 2008 GLS...
 
$2400 down + tax + DMV = $3519
$299 month 24/12,000 miles
 
Seems like this is the basic offer, want to know how low I can go and what the $1000 HFMC means.
 
Thanks for the help!
#29 of 68
Re: Please verify and update Veracruz (VC) lease data [thed] by pegasus17
Oct 15, 2007 (5:02 am)
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Replying to: thed (Oct 14, 2007 6:14 pm)

HMFC=Hyundai Motor Finance Company is kicking in $1000 to support the deal on top of the already good money factor and residuals. Basically, take $1000 off your down payment. FYI, it is NOT a good idea to put a lot of money down on a lease. Minimum down and a higher monthly payment is better. Reason: if you get in an accident, all the down payment is gone although the car is covered by what is called gap insurance. Based on the limited posts in this thread, you can see that not too many people are interested in leasing the VC. Not sure why...good luck
#30 of 68
Re: Please verify and update Veracruz (VC) lease data [pegasus17] by thed
Oct 15, 2007 (8:31 am)
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Replying to: pegasus17 (Oct 15, 2007 5:02 am)

Thank you so much for the help. This is what I've figured out after hours and hours on the internet..
 
MSRP - $26,900
Cap Cost - $24,000 (which includes the $595 Aq Fee, $1000 HFMC)
DMV = $192.50
Res/MF = 66%/.00145
 
In NY, so I would have to pay tax on cap up front... Seems like a good deal to me... am I missing something? Their numbers don't match mine, so I'll have to look at the paperwork.
 
Thanks again!

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