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Hyundai Sonata Lease Questions

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Comments

  • pegasus17pegasus17 Posts: 536
    ref: 1070
    so she got a 2012 or a 2013 (they are very similar)?
    are you sure it was a Hyundai Finance lease?
    Your rationale on the down payment is incorrect. If she has an accident tomorrow (gf) and the car is totaled, any down payment is lost. That's the main reason you don't EVER put down a large payment on a lease.
    Deal is done so go enjoy the new car!
  • ablawandeablawande Posts: 3
    Point taken about accidents. Didn't think about that one before. And yes the car is a 2013 for sure, I checked the vin on hmaservice.com, I just don't remember if the rebate applied to the 2013s, or the dealer just gave it anyway. We were originally looking for a 2012 without navigation, but he couldn't find one in the color combination she wanted. Eventually he found us a 2013 in the right colors, but with navigation, since that's the only way to get the panoramic sunroof (Hyundai techs say that's how they could keep the base limited price reasonable, go figure). Dealer negotiated price was: $27,481 btw.
  • drjashandrjashan Posts: 9
    May I suggest that in future one more thing you can try --rather than applying 4000 bucks as "downpayment'',you can ask the dealer to use that money as a security deposit- that will lower your monthly payments plus it will comeback to you at lease end. That being said,I completely agree with Pegasus that putting so much down in a lease is a little tricky.But congrats anyways on the new car...enjoy!
  • drjashandrjashan Posts: 9
    Also- I got a 2012 SOnata yesterday as well. I need to add that this is only in 2013 sonata limited that you NEED to add navigation to get the panoramic roof... in 2012 all limiteds( with or without navi) had roofs
  • agottiagotti Posts: 3
    hi can someone please tell me if i over payed for a 2012 hyundai gls lease no money down
    48x 364 i have a few add ons like insurance products, tax, tags etc
    thank you
  • drjashandrjashan Posts: 9
    Need the following

    MSRP
    Capitalised cost
    Cap cost reduction
    Net Cap cost
    MF or Lease/Rent Charge
    tax % at your garaging location
  • agottiagotti Posts: 3
    hi

    msrp=26322.00
    cap cost reduction=2189.50
    lease/rent charge=364.36x48 months
    taxes=379.16
  • pegasus17pegasus17 Posts: 536
    REF: 1075
    First, the 2013's are already out
    2. Yes, you grossly overpaid
    3. I don't think you can load up a GLS to 26k
    4. Need residual % or value to compute exact numbers
    5. what insurance products do you need on a lease?
    6. was this a hyundai finance lease?

    FWIW, why post AFTER you made a bad deal?
  • agottiagotti Posts: 3
    first time lease for us and you are right i should have done more research before purchasing and it was a hyundai lease

    service contract, tire an wheel protection, ding dents wear and tear, simonize are all included in the price totaling like around 3000 for the 48 months

    total for vehicle is 23800
    thank you
  • pegasus17pegasus17 Posts: 536
    sorry to be so real but why do you need a service contract on a hyundai when you are fully covered for 5yrs/60000 miles on most items. Furthermore, hyundai charges $400 disposition fee at the end of the lease to cover minor wear and tear repairs. Depending on your state, if you are within 3 days of signing the papers, you may be able to UNDO some of this financial abuse 9$3000 worth). To help others on this board, you should post the name of the dealership so others know to stay away!
  • deb91deb91 Posts: 1
    I'm heading out the door to lease a 2013 sonata limited with no other package.

    I live in the 33322 area. Do you know about what I should pay? Or, what is the money factor and residual value?
    thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello deb91. Hyundai Finance's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata Limited with 15,000 miles per year are .00223 and 58%, respectively for consumers who qualify for its top credit tier.

    There is a $1,500 cash incentive on leases of this car right now. Make sure to take it into account during your negotiations.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dali52dali52 Posts: 3
    edited May 2012
    I am shopping for a car. I like Hyundai warrantees and it looks like you get more for the money. It also looks like the repair record is not bad, so I may get one soon. Does anyone have an opinion about the hybrid and non hybrid Sonata? What is the best deal one could get for a lease? Do they take trade in? My current car is an Audi 4, and although I loved the drive, I did not like the expensive repairs.. that keep coming by the way. If there is a good site that can give specific good information, please list it. Which year? 2013 or 2012? Any good offers anyone is aware of? A good dealer in Los Angeles or vicinity? I thank you very much for the information... ciao :)
  • pegasus17pegasus17 Posts: 536
    ref: 1082
    Carman,
    Need lease data on a 2013 Sonata GLS, 36 months, 12k per year:
    money factor, residual, cash incentives...
  • citicrktrciticrktr Posts: 1
    Carman,
    similar to post 1082

    Can you provide lease data on a 2012 and 2013 Sonata SE TURBO, 36 months, 12k per year:
    money factor, residual, cash incentives...
    Thanks.
  • piezonpiezon Posts: 23
    you got $5,000 off the MSRP on a 2013?? Wow.
    I'm looking at a white/tan 2013 Limited with the tech package because we want the panoramic roof & back-up camera.
    The sticker is 30050 and I'm being given a sale price of $27.250 which sounded good to me but I didn't sign anything yet. Where in Pa are you and what dealer did you get this deal from. I'd like to use this data to get a better price. Thanks
  • landofandlandofand Posts: 12
    What dealership is giving you this vehicle
    I would probably get on from them too
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pegasus17. Hyundai Finance's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata GLS with 12,000 miles per year are .00223 and 62%, respectively for consumers who qualify for its top credit tier.

    There is a $1,500 cash incentive on leases of this car right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey citicrktr. Hyundai Finance's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata SE Turbo with 12,000 miles per year are .00223 and 64%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 model are .00130 and 60%.

    There is a $1,500 cash incentive on leases of both cars.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tarheel818tarheel818 Posts: 1
    I'm exploring the advertised May Sonata advertised lease option of $199/mo w/ $2599 down for 36 mo/12000mi. I have a 2003 Taurus SES w/ KBB listing of 3500+/-. Does it make sense to use that as trade? I don't want much if any out of pocket. According to the NC state website, the tax rate on long term lease is 3%.

    lease details (copied from Hyndai:)
    "Offer shown based on $2,299 due at lease signing (includes $199 first payment and $2,100 capitalized cost reduction). No security deposit required. MSRP $21,570 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $18,235.67. Net capitalized cost includes $595 acquisition fee'"

    What do I need to know? What is the lease rate faction and residual value percentage? How best to approach dealers? Should i wait until the last days of the month?

    I need to keep my lease payment at $220 or so. Thanks for any help you can offer.

    Sorry for so many questions, but I need to make the most imnformed decision I can.
  • fp54fp54 Posts: 3
    Hey guys. This might be my first post on Edmunds.

    Anyway, I was hoping to get your opinions on a lease I was offered:

    2012 Sonata 2.0 Limited w/o navi
    MSRP: $29,465
    Sale Price: $25,965
    Down: $2,000
    39 month lease at $364 per month
    - 12k miles a year (I don't use that much)
    - They would take care of my remaining 2 payments on an expiring Nissan Rogue SL (2x 359)

    I think it's a pretty good offer going by what I have read on here. Not too sure about the high down payment though. What do you guys think?

    Thanks!!!
  • maneyacmaneyac Posts: 1
    Hi Car_man,
    Would you happen to have the lease numbers on the 2012-2013 Sonata SE Turbo/w nav with 12k miles per year?

    Additionally, is the $1,500 cash incentive still active on these cars for the month of July?

    Thanks for all you do!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi maneyac. Sorry that it took me longer than usual to get back to you...I have been away.

    Hyundai Finance's July buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata SE Turbo with 12,000 miles per year are .00186 and 65%, respectively for consumers who qualify for its top credit tier.

    The numbers on a lease of an otherwise identical 2012 model are .00115 and 59%.

    There's $1,500 cash on leases of the 2013 model and $1,800 on the 2012 model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ack2ack2 Posts: 1
    Hi Car_man, would you be so kind as to provide updated lease numbers for August? I'm looking at the 2012 Sonata Hybrid w/ Ultimate Package. Is there still lease cash available this month?

    Looking at the 6% depreciation difference on the 12/13 SE Turbo, I'm wondering if I should wait for the 2013 Hybrid. Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, ack2.

    Hyundai Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata Hybrid with 15,000 miles per year are .00122 and 56%, respectively for consumers who qualify for its top credit tier.

    There is a $1,500 cash incentive on leases of this car.

    It's difficult to say what the lease program will be like on the '13 Hybrid, but I suspect that it will initially be at least a little more expensive to lease than the '12 model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dmunizdmuniz Posts: 16
    Hi, Can you please tell me the money factor and residual factor for the following in New York zip code 11003:

    - 2013 Hyundai Limited 2.0T 12,000 miles, 36 months

    - 2012 Hyundai Limited 2.4 12,000 miles, 36 months

    Also is it safe to assume to August lease deals will run into Labor Day?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello dmuniz. Hyundai Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata Limited Turbo with 12,000 miles per year are .00213 and 62%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 Sonata Limited Turbo .00120 and 56%.

    There is a $1,800 cash incentive on leases of the 2012 and $1,500 on the 2013 Sonata.

    Hyundai's current incentives program is actually scheduled to run through October. Of course it reserves the right to change it whenever it wants.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dmunizdmuniz Posts: 16
    Thanks. But I think you made an error. You stated the same vehicle for both figures that you gave?

    Can you tell me which is for the 2.4 and which is for the 2.0T

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome dmuniz. The first numbers is for a 2013 Sonata Limited Turbo and the second set of numbers is for a 2012 Sonata Limited Turbo.

    The numbers for a lease of a 2012 Sonata Limited Non-Turbo are .00113 and 56%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dmunizdmuniz Posts: 16
    thank you car man...for some reason I couldnt see that you wrote 2012 and then 2013.

    Do you know the figures for 2013 limited 2.4 (non turbo).

    thanks again.

    your help made it possible to get a good deal on my mazda 3 yrs ago.
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