- #26 of 59
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Re: Good deal or not? [kyfdx]
by hardhawk
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Sep 26, 2007 (6:11 pm)
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Replying to: kyfdx (Sep 24, 2007 4:39 pm)
I know, but it would be fun!
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- #27 of 59
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Please verify and update Veracruz (VC) lease data
by pegasus17
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Sep 27, 2007 (12:06 pm)
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Replying to: kyfdx (Sep 24, 2007 4:39 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
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- #28 of 59
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Re: Please verify and update Veracruz (VC) lease data [pegasus17]
by thed
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Oct 14, 2007 (7:14 pm)
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Replying to: pegasus17 (Sep 27, 2007 12:06 pm)
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!
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- #29 of 59
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Re: Please verify and update Veracruz (VC) lease data [thed]
by pegasus17
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Oct 15, 2007 (6:02 am)
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Replying to: thed (Oct 14, 2007 7:14 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
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- #30 of 59
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Re: Please verify and update Veracruz (VC) lease data [pegasus17]
by thed
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Oct 15, 2007 (9:31 am)
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Replying to: pegasus17 (Oct 15, 2007 6:02 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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- #31 of 59
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Re: Please verify and update Veracruz (VC) lease data [thed]
by pegasus17
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Oct 15, 2007 (9:39 am)
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Replying to: thed (Oct 15, 2007 9:31 am)
i have a leasing spreadsheet that i use to calculate payments as i have leased 3 times in the past 10 years. if you pass me your info i can calculate your payment before taxes...missing info that i need is the purchase price (which dealers often exclude from negotiations)...also, where are you finding a bare bones VC for 26900? lowest one i have seen here in OH is 27120 and that was an 07
Using your data and a sell price of 24979 (msrp 26900)
zero down, pretax payment = 345.50
2400 down, pretax payment = 242
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- #32 of 59
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Need Quick Response
by floridacolt
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Nov 06, 2007 (12:54 pm)
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Dealership called today (11/6) with new incentives on Vera Cruz. We had told them at end of October we would wait until end of year pricing. They are offering the SE w/leather for $380/mo incl. taxes for 24 months. That's what I've been told over the phone. Sounds like a good deal. What do you think? Need to get back to them yet today. Can anyone respond that quickly?
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- #33 of 59
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Bait & Switch
by floridacolt
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Nov 08, 2007 (2:47 pm)
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Since posting my message on 11/6 dealership has called back & it's a different person. Seems that he doesn't think the deal offer (see comment #32) is viable. Any thoughts, anyone?
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- #34 of 59
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Re: Need Quick Response [floridacolt]
by Car_man HOST
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Nov 19, 2007 (3:50 am)
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Replying to: floridacolt (Nov 06, 2007 12:54 pm)
Hi floridacolt. Hyundai is running a decent lease program on the 2008 Veracruz right now. If you were to lease a 2008 Veracruz SE through Hyundai Finance right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00160 and 64%, respectively. Negotiate as low a selling price as possible on the Veracruz that you want and then have the dealer use the aforementioned lease program to calculate your monthly payment. I have not crunched the numbers, but I would not be surprised if you were able to beat the monthly payment that you were initially quoted.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #35 of 59
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Re: Need Quick Response [Car_man]
by floridacolt
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Nov 19, 2007 (7:38 pm)
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Replying to: Car_man (Nov 19, 2007 3:50 am)
The guy who quoted the deal is no longer w/dealership. I've been told he was giving wrong info to me and others. Seems the dealers that I've contacted in a couple of cities in Florida don't want to negotiate on price. Seems they want to work off list price. In all the years we've leased (20+) the dealers have always come down off the list. Finding this true w/husband dealing w/GMC and Dodge for a truck. What gives? We're willing to drive a bit of a distance to get a good deal. Our current leases expire at the end of next month, so we need to get really good deals. I'm not saavy on crunching numbers but seems the game has changed considerably. Am I right?
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