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Hyundai Veracruz Lease Questions

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

You are in the Hyundai Veracruz Forum. Your Hosts are steve_ & tidester

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


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#9 of 68
Re: can you make sense of this lease? please [pegasus17] by pegasus17
Jul 18, 2007 (1:23 pm)
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Replying to: pegasus17 (Jul 18, 2007 11:12 am)

I am updating my own post based on new info rec'd today from a local dealer. The Veracruz GLS (msrp 27120) has a supported lease til the end of july. 24 months/12k per year - 1999 down and 349/month. Includes 1000 HMFC support and the 595 acq fee. Residual is 63% and MF is .00154 with a sell price of 25666; Perhaps the edmunds host can verify this for us???
#10 of 68
Re: can you make sense of this lease? please [pegasus17] by Car_man HOST
Jul 26, 2007 (1:34 am)
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Replying to: pegasus17 (Jul 18, 2007 1:23 pm)

Hi pegasus17. According to the latest information that I have seen, Hyundai Finance's July buy rate lease money factor and residual value for a 24 month lease of a 2007 Hyundai Veracruz GLS 2WD with 12,000 miles per year are .00154 and 62%, respectively. There is $1,000 lease cash on this model right now. As you can see, the dealer that you are working with was being very straightforward with you. If you'd like, you can share your thoughts on your sales experience by rating this dealer in the following section of this site: Edmunds.com Dealer Ratings & Reviews.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#11 of 68
September Lease program details??? by pegasus17
Sep 08, 2007 (9:46 am)
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Replying to: Car_man (Jul 26, 2007 1:34 am)

Pls provide the details of the NEW lease program for Sept on the new 2008 Veracruz...
#12 of 68
Current Veracruz lease by clintcela
Sep 08, 2007 (1:15 pm)
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I just returned from a dealer and on the GLS base $27k package he would do $399 for a 24 month lease.
He absorbed the $895 dealer fee and the $595 bank fee. The tag fees are in there too.
I would just have to give $399 down for first month's payment.
I always like to sleep on it so I will decide tomorrow.
He said he could do the same deal for 36 and 48 months.
 
Does it sound like a good deal?
 
Oh, and FYI, the $299 lease promo on the mfr site is 24 months with $2499 inception (+dealer/bank/tag/tax and other fees).
 
Clint
#13 of 68
Re: Current Veracruz lease [clintcela] by pegasus17
Sep 09, 2007 (12:35 pm)
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Replying to: clintcela (Sep 08, 2007 1:15 pm)

I believe you can do much better. Look at the deal on this site, http://www.fitzmall.com/index.asp , for comparison. BTW, while there is an acquisition fee from the finance company, HMFC, there is no such thing as a dealer fee on a lease (at least here in Ohio). FWIW, I passed on a similar lease deal in July for zero down and 410/month total on a 24 month lease. Look at post #10 for lease details and if you need help calculating a REAL payment, let me know. You should not be in a rush to do this tomorrow as it is the beginning of the month and current lease deals expire at the end of the month. Information is power...
#14 of 68
Good deal or not? by floridabuckeye
Sep 22, 2007 (3:04 am)
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Hello,
 
I am in Orlando, FL and I have been given the following for leasing a 2008 Veracruz GLS 2WD with 12,000 miles per year with a money factor of .00145 and Residual value of 66%. The lease is for 24 months with a $1,500 trade in. The acquisition fee is 595.00 and they didn't add any dealer fees. The also threw in the standard maintenance, oil change, tire rotation, etc. for the duration of the lease. After taxes, tags, etc. the payment would be $404/month. Do the numbers add up? Is it a good deal?
 
I'm also going to ask for more on my trade in because it is extremely low according to Edmunds. Thanks!
#15 of 68
Re: Good deal or not? [floridabuckeye] by seloo
Sep 22, 2007 (3:58 am)
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Replying to: floridabuckeye (Sep 22, 2007 3:04 am)

What is the cost of the car? Not counting your trade.
 
Please put it terms of below the invoice price.
#16 of 68
Re: Good deal or not? [seloo] by bobw3
Sep 22, 2007 (4:28 am)
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Replying to: seloo (Sep 22, 2007 3:58 am)

Of course just because a dealer in one part of the country is selling at a particular price, there's no reason to expect a dealer in another part of the country to sell it for the same. So you may want to determine the general market area. Plus if any trade or financing were involved, that will affect the price...just passing on some education to you
#17 of 68
Re: Good deal or not? [seloo] by floridabuckeye
Sep 22, 2007 (6:58 am)
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Replying to: seloo (Sep 22, 2007 3:58 am)

The MSRP is $27,820...we are getting the price as $26,385...
#18 of 68
Re: Good deal or not? [bobw3] by seloo
Sep 22, 2007 (7:04 am)
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Replying to: bobw3 (Sep 22, 2007 4:28 am)

Bobw3,
 
Thanks for your input.
 
I see that you are still somewhat sensitive concerning this issue.
 
If you have some valid input instead of very general negatively biased comments about the car market, it would be greatly appreciated.
 
The savvy members that use this board are here to discuss ways to save money on a car deal, not to give extra money to the dealer. Surely you must understand this concept and want to get the best deal possible.

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