2015 Hyundai Sonata Lease Questions

Michaell

tonyg2016 said:

2015 sonata sport 2.4 still available. looking for the Jan2016 numbers for that model, 36 months, 10k or12k per year, residual, mf and mega lease cash...

36/12 numbers - .00008 and 50%. $4000 lease cash.

ericp2736

Do you know if these numbers will be good for February? I am looking at a Sonata Sport 2.4 with premium package, 36/10k. I am in the Philadelphia area.

Michaell

ericp2736 said:

Do you know if these numbers will be good for February? I am looking at a Sonata Sport 2.4 with premium package, 36/10k. I am in the Philadelphia area.

Current Hyundai program numbers expire today. If we're lucky, we'll see new numbers later this week.

.00008 and 51%. $4000 lease cash.

congers

I am a new to leasing a car and read many of the lease posts. Need guidance from here, if Hyundai offers a leasing program should i negotiate my best purchase price for the lease monthly payment or take up the incentive offer?

dcmike

New to leasing as well and trying to get some advice. Interested in leasing a 2015 or 2016 Sonata Eco. How do these numbers work (residual, mf...) and how do I know if I'm getting a good deal?

kyfdx

congers said:

I am a new to leasing a car and read many of the lease posts. Need guidance from here, if Hyundai offers a leasing program should i negotiate my best purchase price for the lease monthly payment or take up the incentive offer?

Negotiate your best price. The "incentive offer" isn't really an offer. It's an advertisement from Hyundai. The dealer is under no obligation to meet those terms. On the other hand, why limit yourself, if you can possibly negotiate a better deal?

Michaell

dcmike said:

New to leasing as well and trying to get some advice. Interested in leasing a 2015 or 2016 Sonata Eco. How do these numbers work (residual, mf...) and how do I know if I'm getting a good deal?

I suggest you poke through the articles to be found here to get started on leasing:

http://www.edmunds.com/car-leasing/

lb530529

Michael, do you have lease numbers for 2.0 Turbo 36/10 on the 2016 model?

Michaell

lb530529 said:

Michael, do you have lease numbers for 2.0 Turbo 36/10 on the 2016 model?

Sport or Limited trim?

lb530529

Both if possible. Including incentives

kyfdx

lb530529 said:

Michael, do you have lease numbers for 2.0 Turbo 36/10 on the 2016 model?

lb530529 said:

Both if possible. Including incentives

Sport: .00104 MF and 51% residual
LTD: .00118 MF and 52% residual.

$3000 lease cash

burnhagw

I'm looking to trade in my lease early, from a accent to sonata. Looking at these numbers, it looks like the cap cost reduction is me paying the remaining payments for my current lease?

this is for a 2015 Sonata sport. Monthly payment of 299 for 48months 15k miles

MSRP 25970.00
Selling Price 23997.00
Rebate 4000.00
Doc Fee 699.00
Taxes 120.00
Gross cap cost 28511.00
Cap Cost Reduction 4000.00
Adjusted cap cost Reduction 24511.00

tonyg2016

that's a horrible deal on a 2015 model - run away (from that dealer); what is up with a 699 doc fee on a leftover model?

It's almost never financially smart to terminate a lease early; sorry but that is a fact!

burnhagw

Is it only a terrible deal because i'm trying to get out early to get to a bigger car? I think the cap cost reduction is 4k added from my current lease. Are doc fee's negotiable?

Edit: Looks like average docfee for NC is about $550

tonyg2016

burnhagw said:

Is it only a terrible deal because i'm trying to get out early to get to a bigger car? I think the cap cost reduction is 4k added from my current lease. Are doc fee's negotiable?

Edit: Looks like average docfee for NC is about $550

doc fees are negotiable; some states set limits to avoid gouging - NC does not:
http://www.edmunds.com/car-buying/what-fees-should-you-pay.html#chart

i didn't know HMF did 48 month leases; it is a HMF lease and not a bank lease?

you may be better off buying instead of leasing...

for now, here's my 2 cents:
the selling price is too high (you should be able to get 10% off msrp
the doc fee is too high - make them waive it

if you provide the rest of the details: residual, mf, negative equity (lease payoff), we can calculate a payment.
i'll try to help you...

burnhagw

tonyg2016 said:

burnhagw said:

Is it only a terrible deal because i'm trying to get out early to get to a bigger car? I think the cap cost reduction is 4k added from my current lease. Are doc fee's negotiable?

Edit: Looks like average docfee for NC is about $550

doc fees are negotiable; some states set limits to avoid gouging - NC does not:
http://www.edmunds.com/car-buying/what-fees-should-you-pay.html#chart

i didn't know HMF did 48 month leases; it is a HMF lease and not a bank lease?

you may be better off buying instead of leasing...

for now, here's my 2 cents:
the selling price is too high (you should be able to get 10% off msrp
the doc fee is too high - make them waive it

if you provide the rest of the details: residual, mf, negative equity (lease payoff), we can calculate a payment.
i'll try to help you...

Thanks for your help, i'm going in a few hours to take a closer look at the vehicle. I have about $4k in payments left or roughly $3000 in negative equity (Payoff is 12,493.04 and i'm told it's worth about $9500, from another dealer). The guy said that the $4000 in cap reduction isn't added it's subtracted, guess i'm just confused on some of the terminology even though i've read up on them, lol. I'm requesting MF and Residual now, will have soon hopefully. Thanks.
He said he could probably get payment down to $270 but with 12k miles instead of 15k. I thought $2000-$2500 off MSRP for a sonata was good, but guess not? It was my understanding that the 48 month lease would be through HF, I'm not thrilled about 48 month but I want a lower payment, I typically like the lease because of lower payments having a warranty. Thanks again

tonyg2016

Now i'm confused. How far into your current lease are you? Seems like you have several months remaining if it's 4k. i hope you are not in a hurry to do this; i don't like the terms so far (but it is your money). Since the car you are buying is a 2015 leftover (how many miles on it), they should be more willing to lower the price.

burnhagw

I think I'm gonna ride my lease out longer so I won't have negative equity, that seems like the best financial decision after my accent lease is up... Either go sonata or Tuscan

Michaell

burnhagw said:

I think I'm gonna ride my lease out longer so I won't have negative equity, that seems like the best financial decision after my accent lease is up... Either go sonata or Tuscan

Ending a lease early rarely works out well. Ask me how I know...

tonyg2016

2015 sonata sport 2.4 still available. looking for the March 2016 numbers for that model, 36 months, 10k or12k per year, residual, mf and mega lease cash...msrp 27795

kyfdx

tonyg2016 said:

2015 sonata sport 2.4 still available. looking for the March 2016 numbers for that model, 36 months, 10k or12k per year, residual, mf and mega lease cash...msrp 27795

.00008 MF and 50% residual for 36 mo, 12K/yr. $4000 lease cash.

add 1% for 10K/yr

raymos24

Are these the same numbers in MA for 36/10k? I am looking at a 2015 Sonata Eco with tech package. 

Michaell

raymos24 said:

Are these the same numbers in MA for 36/10k? I am looking at a 2015 Sonata Eco with tech package. 

.00027 and 50%. $4000 lease cash.

raymos24

Any idea what kind of incentives are being offered for current customers that lease a Sonata? Also, they are offering "Spring cash". Can this be combined with lease cash?

kyfdx

raymos24 said:

Any idea what kind of incentives are being offered for current customers that lease a Sonata? Also, they are offering "Spring cash". Can this be combined with lease cash?

Sorry, but we don't have incentive information, other than the lease cash

raymos24

Ok thanks! Are those numbers the same for a 2015 Sonata Sport 2.0T for the same 36/10k? I am comparing the two models. 

raymos24

kyfdx said:

2015 sonata sport 2.4 still available. looking for the March 2016 numbers for that model, 36 months, 10k or12k per year, residual, mf and mega lease cash...msrp 27795

.00008 MF and 50% residual for 36 mo, 12K/yr. $4000 lease cash. add 1% for 10K/yr

How are the numbers on a sport 2.0t in Maryland for 36/10k? I have family down there and they seem to have a much bigger selection than New England. 

kyfdx

raymos24 said:

Ok thanks! Are those numbers the same for a 2015 Sonata Sport 2.0T for the same 36/10k? I am comparing the two models. 

.00053 MF and 50% residual. $4000 lease cash.

kyfdx

raymos24 said:

kyfdx said:

tonyg2016 said:

2015 sonata sport 2.4 still available. looking for the March 2016 numbers for that model, 36 months, 10k or12k per year, residual, mf and mega lease cash...msrp 27795

.00008 MF and 50% residual for 36 mo, 12K/yr. $4000 lease cash.

add 1% for 10K/yr

How are the numbers on a sport 2.0t in Maryland for 36/10k? I have family down there and they seem to have a much bigger selection than New England. 

Numbers are the same

raymos24

Thanks for the info! How do the numbers look for the 2015 Sonata Limited 2.0T? I'm trying to decide which one might be the best value at the moment. 

Michaell

raymos24 said:

Thanks for the info! How do the numbers look for the 2015 Sonata Limited 2.0T? I'm trying to decide which one might be the best value at the moment. 

.00008 and 51% for 36/10. $4000 lease cash

raymos24

The money factor is pretty good on the Limited 2.0T. The question is, how much are dealers willing to discount a loaded 2015 Sonata.

Michaell

raymos24 said:

The money factor is pretty good on the Limited 2.0T. The question is, how much are dealers willing to discount a loaded 2015 Sonata.

No idea.. use the price tools here at Edmunds to help. "Make / model / year" pull downs at the top of the page.

raymos24

So, how confident would you be that Hyundai will continue to honor the leasing plans for the Sonata through the following month? I signed up for the Hyundai Boost Up incentive but still have about 3 weeks before I reach the 30 day minimum to use it (Hyundai will match up to 500 dollars for a downpayment). Is it worth to risk to gain 500 more in incentives? It looks like many of the other manufacturers have stopped leasing on the 2015 models.

Michaell

raymos24 said:

So, how confident would you be that Hyundai will continue to honor the leasing plans for the Sonata through the following month? I signed up for the Hyundai Boost Up incentive but still have about 3 weeks before I reach the 30 day minimum to use it (Hyundai will match up to 500 dollars for a downpayment). Is it worth to risk to gain 500 more in incentives? It looks like many of the other manufacturers have stopped leasing on the 2015 models.

No idea if / when Hyundai will stop supporting leases on the 2015. Could be next month, could be later this year.

We won't get any notice - and neither will the dealer.

hudz2015

What is the residual and money factor for sport 2.0t and limited ultimate package?

Michaell

hudz2015 said:

What is the residual and money factor for sport 2.0t and limited ultimate package?

36/12 numbers:

Sport 2.0t - .00053 and 49%
Limited - .00066 and 52%

$4000 lease cash.

hudz2015

What would it be for a limited 2.0t?

Michaell

hudz2015 said:

What would it be for a limited 2.0t?

.00008 and 50%. $4250 lease cash.

raymos24

Just a heads up, it looks like Hyundai has increased their "Spring sale cash" from 500 to 1000 for the last two weeks of March. I plan on going this weekend to try to negotiate a 2015 Sonata.

raymos24

Any numbers on the 2015 Sonata Hybrid Limited for 36/10k in MA?

Michaell

raymos24 said:

Any numbers on the 2015 Sonata Hybrid Limited for 36/10k in MA?

No lease numbers on the 2015 Sonata Hybrid.

hudz2015

2015 hyundai sonata limited ultimate 32k sale price 28347 with 5000 in rebates and 3500 trade equity payment is about 155 a month with tax 5.1% does that sound right?

Michaell

hudz2015 said:

2015 hyundai sonata limited ultimate 32k sale price 28347 with 5000 in rebates and 3500 trade equity payment is about 155 a month with tax 5.1% does that sound right?

What is the adjusted cap cost?

Lease term and miles per year?

We do not recommend using the trade equity as cap cost reduction .. have the dealer cut you a check for that amount. The money would be lost if the car was stolen or totaled.

hudz2015

Did the rebates change on the limited?

Michaell

hudz2015 said:

Did the rebates change on the limited?

It looks like the bonus cash increased from $500 to $1000 this past week.

tshafer0911

What is the MF, residual and rebates for a limited, sport 2.0 and limited 2.0? 36/10, 48/10 or up the mileage to 12,000 if the numbers are better.

Thanks.

tshafer0911

In Mass if that matters.

Michaell

tshafer0911 said:

What is the MF, residual and rebates for a limited, sport 2.0 and limited 2.0? 36/10, 48/10 or up the mileage to 12,000 if the numbers are better.

Thanks.

36/10
Limited 2.4 - .00066 and 53%. $4000 lease cash
Limited 2.0T - .00008 and 51%. $4250 lease cash
Sport 2.0T - .00053 and 50%. $4000 lease cash

48 month numbers are not competitive

tshafer0911

Can the lease cash be combined with the spring cash and other rebates available on the Hyundai website?