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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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#50 of 68 Re: Jan -08 Veracruz Lease Special [steevo] by Car_man HOST Feb 28, 2008 (2:19 am)
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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: tfulmino (Jul 09, 2008 5:55 pm) Car_man (Jul 24, 2008 2:45 am)
#51 of 68 Re: '08 Veracruz Limited FWD: Signing lease by 2/29 [brennerb] by Car_man HOST Feb 27, 2008 (9:26 pm)
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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: brennerb (Feb 28, 2008 5:33 am) argento (Apr 25, 2008 9:13 am)
#52 of 68 Re: '08 Veracruz Limited FWD: Signing lease by 2/29 [Car_man] by brennerb Feb 28, 2008 (5:33 am)
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.
#53 of 68 Re: Please verify and update Veracruz (VC) lease data [pegasus17] by cjkbme2w Mar 13, 2008 (7:43 pm)
Replying to: pegasus17 (Oct 15, 2007 8:39 am) Is it possible to get a copy of your spreadsheet? If so, please send to   ckunitskyyahoo.com   I am new to leasing and it would take me forever to put this together   Sincererly, Craig Replies to this message: pegasus17 (Mar 15, 2008 3:05 pm)
#54 of 68 Re: Need Quick Response [Car_man] by cjkbme2w Mar 13, 2008 (7:46 pm)
Replying to: Car_man (Nov 19, 2007 2:50 am) Car_Man   Where can I find the most current money factor and residual factors.   Thanks, Craig
#55 of 68 Re: Please verify and update Veracruz (VC) lease data [cjkbme2w] by pegasus17 Mar 15, 2008 (3:05 pm)
Replying to: cjkbme2w (Mar 13, 2008 7:43 pm) Sent yesterday; did you get it?
#56 of 68 Advise on leasing Veracuz Limited FWD by men2000 Mar 16, 2008 (11:36 am)
To the Host, first of all I thought the information post on this Forum is very good.        I'm in Texas and this is my first time leasing a vehicle so I just try to assemble what information that I need to know before making a decision. I have been looking at the Veracruz Limited FWD and consider leasing this vehicle. I have read the comment post on this forum and kind of getting the idea what information is important (but not everything.)         The vehicle I am looking at is a 2007 Veracuz Limited, MSRP $32305 and saling price $28,000 (the vehicle has 6000 miles on it already). Would it better to lease 2007 or a 2008 model?            The dealer said I can do a lease with just a down payment of 1 month lease. I want to do 24 month lease with 12,000 miles/year. What is the current money factor and Residual Value for the Limited? What is a fair monthly payment for leasing a Veracuz Limited ( assumed 1 month down payment)? Replies to this message: perrin75 (Mar 25, 2008 10:28 am) pegasus17 (Mar 25, 2008 12:17 pm)
#57 of 68 Re: Advise on leasing Veracuz Limited FWD [men2000] by perrin75 Mar 25, 2008 (10:28 am)
Replying to: men2000 (Mar 16, 2008 11:36 am) I'm very new to leasing and I am trying to understand the Hyundai lease offer that is currently available for the VeraCruz. According to their website the deals are $299/month for 24 months, $2,200 customer cash down plus $1,000 HMFC origination support, and $2,499 due at lease signing.   So, if I am reading this correctly I must have $4, 699 (+1,000 cash back bonus) at the signing? Also, if I negotiate to reduce the price of the car down from $26,900 (assuming that is the sticker price for the model with the lease special) will that in turn reduce the amount of money I will need to have at signing? Replies to this message: pegasus17 (Mar 25, 2008 12:17 pm)
#58 of 68 Re: Advise on leasing Veracuz Limited FWD [perrin75] by pegasus17 Mar 25, 2008 (12:17 pm)
Replying to: perrin75 (Mar 25, 2008 10:28 am) 2499 = sum of 2200 (customer cash) plus 299 (first month payment); HMFC contributes 1000 to reduce overall cost - this usually covers the 595 acquisition fee plus another 405 of CCR (cap. cost reduction). Try to get a better price on the vehicle to reduce the initial down payment...It is NEVER smart to put too much down on a lease (any more than 600 out the door is overkill IMO)...good luck
#59 of 68 Re: '08 Veracruz Limited FWD: Signing lease by 2/29 [Car_man] by argento Apr 25, 2008 (9:13 am)
Replying to: Car_man (Feb 27, 2008 9:26 pm) I was also looking at leasing this vehicle. At $540/month, it is more than what I have been offered to lease an Acura MDX base ($510/month - no money down).   R

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