- #43 of 68
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Re: Think I got a good lease payment [gunner599]
by gunner599
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Jan 11, 2008 (7:02 pm)
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Replying to: gunner599 (Jan 10, 2008 5:31 pm)
Correction, I just went to a local dealer and he beat the price in my previous post. The monthly on the lease is $323 and all the other items remain the same (15k/yr, 24 mo. lease, $1500 at signing).
This seems like it would be hard to beat on such a new 2008 Veracruz but I need to know if someone has gotten a better deal?!
MG
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- #44 of 68
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Re: Think I got a good lease payment [gunner599]
by floridacolt
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Jan 13, 2008 (8:34 am)
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Replying to: gunner599 (Jan 11, 2008 7:02 pm)
Be sure to go to their website. Do you really need the 15k? If unsure, go with 12k. It will lower your payment. If not sure, see how much they charge per mile then estimate how much you might go over. See what the difference is between your monthly payment w/12k and w/15k over the term of the lease. Now compare the figures between what you estimate you'll go over and the savings over the term of the lease. Does the $323 include sales tax? If so, sounds like you have a decent deal. Remember, check the deal on their website because they had a $249 (or near that) and a $299 lease in December. Difference was amount of down payment. Good luck. I ended up going with Mazda CX-9 because Hyundai wouldn't deal on the SE and I wanted homelink that was factory installed and also like having dual air zone. Hyundai is anxious to get the GLS out on the road. I read in paper that they are anticipating good sales growth in 2008 but 2007 didn't fare as well as they hoped.
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- #45 of 68
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Re: Think I got a good lease payment [floridacolt]
by gunner599
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Jan 13, 2008 (2:58 pm)
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Replying to: floridacolt (Jan 13, 2008 8:34 am)
floridacolt,
Thanks for the reply. I actually got them to finalize at $315/mo. (includes sales tax) and a big part of what I wanted was very little cash out of pocket for a lease. It does seem like a good deal and I don't see them going much lower in the future if sales catch on.
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- #46 of 68
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Re: Think I got a good lease payment [gunner599]
by tifighter
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Jan 16, 2008 (3:16 pm)
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Replying to: gunner599 (Jan 13, 2008 2:58 pm)
2WD or AWD?
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- #47 of 68
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Re: Jan -08 Veracruz Lease Special [greymattre]
by Car_man HOST
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Jan 24, 2008 (3:51 am)
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Replying to: greymattre (Jan 06, 2008 6:43 am)
Hi greymattre. I am familiar with the advertised payment that you are referring to. Hyundai is currently providing a $1,000 cash incentive on leases of the 2008 Veracruz that was used to reduce the capitalized cost of the advertised vehicle. It is also providing special lease money factors on this truck. Hyundai Finance's current 24 month buy rate lease money factor for the 2008 Veracruz GLS FWD is .00145. Let me know if you have any other questions.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #48 of 68
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Re: Jan -08 Veracruz Lease Special [Car_man]
by steevo
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Jan 26, 2008 (10:43 am)
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Replying to: Car_man (Jan 24, 2008 3:51 am)
Car_man,
Do you know the Residual on that 24 month Veracruz?
Also is Hyundai only providing lease support on GLS model?
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- #49 of 68
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'08 Veracruz Limited FWD: Signing lease by 2/29
by brennerb
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Feb 11, 2008 (2:55 pm)
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Have begun the "enjoyable" process of contacting dealers re: a 2008 Veracruz Limited FWD and have been told that Hyundai is not "anxious" to lease these (vs. financing them) and have no programs running right now. Was quoted $540/month for the car (3/36) with no other options.
Does anyone have any different information?
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- #50 of 68
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Re: Jan -08 Veracruz Lease Special [steevo]
by Car_man HOST
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Feb 28, 2008 (2:19 am)
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Replying to: steevo (Jan 26, 2008 10:43 am)
I sure do, steevo. Here you go. Hyundai Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Hyundai Veracruz GLS 2WD with 15,000 miles per year are .00145 and 65%, respectively. The numbers for an otherwise identical lease of an '08 Veracruz GLS AWD are .00160 and 66%. If you were to lease with only 12,000 miles per year, this truck's residual values would be 1% higher. When negotiating your lease, make sure to take advantage of the $1,000 lease cash that Hyundai is currently providing on this model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #51 of 68
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Re: '08 Veracruz Limited FWD: Signing lease by 2/29 [brennerb]
by Car_man HOST
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Feb 27, 2008 (9:26 pm)
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Replying to: brennerb (Feb 11, 2008 2:55 pm)
Greetings brennerb. $540 per month for a Hyundai  . That's nuts. Hyundai is running a special lease program on the Veracruz right now. Let's work up a sample lease payment on a base model just to get an idea of what the payment on one would be like. According to my calculations, if you were to lease a 2008 Hyundai Veracruz Limited FWD that has an MSRP of $36,445 and a selling price of $33,336 ($500 over dealer invoice minus the $1,000 lease cash) through Hyundai Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $529. Wow, sure enough, that's pretty close to the payment that you were quoted. Sheesh, that's BMW / Mercedes-Benz territory. Forget about leasing this truck.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #52 of 68
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Re: '08 Veracruz Limited FWD: Signing lease by 2/29 [Car_man]
by brennerb
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Feb 28, 2008 (5:33 am)
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Replying to: Car_man (Feb 27, 2008 9:26 pm)
Actually, this month's program (expires tomorrow 2/29) isn't bad for a 24-month lease of the Limited ($2,499 down, $439/month) based on an MSRP of $34,745 (incl. Dest.). The best I was quoted so far for 36 months (based on same MSRP) is $455/month with close to $3,200 down. I'll try to get those numbers down.
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