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Hyundai Sonata Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi anmc. If you provide me with the MSRP and dealer invoice price of the exact Sonata that you want as you want it equipped I can work up a payment on it for you. you can find that pricing data over in the New Vehicle Pricing section of Edmunds.com.

    Consumers can and should lease any vehicle that they want without paying any down payment. You will be asked to pay your car's first month's payment and possibly other fees at signing though.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi antonius. Hyundai Finance's June buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata SE 2.0T with 12,000 miles per year are .00110 and 62% for consumers who qualify for its top credit tier.

    I haven't seen a 24-month lease program for this car.

    When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that Hyundai is currently providing on leases of this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • anmcanmc Posts: 2
    Hi Car_man,

    The dealer quoted me MSRP 22300 for Sonata GLS with popular package. According to him the lease works out to be 300 for 36 months @ 12000 miles/year. This will be my first car ever, hence I have no car leasing/loan history which, according to dealer makes my lease payment go up.

    Please guide if this is a reasonable lease amount? How and on what can I negotiate and by how much?

    Thanks,
    A
  • antoniusantonius Posts: 24
    edited June 2013
    Ok. I got quoted 24500 including the 1000 rebate and a .00175 MF for top tier by a dealer in CA with a 62% res on a 26600 MSRP 2.0T.

    Got a better quote from another deal of MSRP 26470, Cap cost of 22400 including rebates, and 62% res/.00110 MF. 249 a month with tax no money down except 1st payment, acq fee rolled into cap. They have a done deal if they can get me out of my camry lease with 2 mo left, otherwise I will have to wait.
  • antoniusantonius Posts: 24
    edited July 2013
    Ended up lease from Hardin Hyundai in Anaheim CA yesterday
    Got a 2.0T without Nav/Moonroof with Shimmering White

    Everything is approximate as I am doing it from memory but is pretty much within a few bucks

    MSRP 26670
    Cap 22700
    Plus Acq Fee 595
    Final payment from Camry lease rolled in 242 (owed 15990 including last 2 payments, they gave me 15750)
    Final Cap 23300
    MF .00110
    Res 16525
    No money down. Paid 1st month payment at drive off
    257 a month including 8% tax. (would have been about 247 without the shimmering white which added $2 (200 MSRP, about 76 residual) and without my last lease payment on my Toyota which added about $8 a month).

    3 year/ 36k. Phenomenal deal and super easy. Would have been in and out in about 1 hour start to finish but I got a little confused over the way the numbers were laid out on the lease agreement, but they were actually right all along and it was my fault, so I delayed the process a bit. No games, no changes to the deal we worked out over the phone. Top notch and I love the car so far. My Yelp review for them has a little more info including salesman info if anyone is interested since I don't think we can post that here?
  • mnattymnatty Posts: 4
    That is an awesome deal! I have one month left (this month) on my 36/15,000 2011 GLS for the same monthly payment!! I was thinking about leasing an Infiniti G37x, but if I can get into a 2.0T SE for that I may have to do it. Although now I see that I misread your comment that it is withOUT nav/moonroof...I was hoping to add that, but not a must-have. Hope I can swing a similar deal here in MN...thanks for the info, antonius.
  • bluejay44bluejay44 Posts: 1
    So I'm looking at the Sonata GLS and the salesman is trying to tell me that the $1,500 retail cash doesn't apply on leases. Is that true? I tend to disagree. Also, wanted to confirm 60% residual and .00067 MF. Thanks
  • If anyone in the NYC area is looking to buy or lease a Sonata, let me know, I will refer you to my salesman. No bs, no games, got me the best possible deal. I've sent him 6 customers since. Also, he will throw in free accessories like rubber floor mats, ipod cable, etc. Dealership is located in Queens.
  • I was able to get retail cash applied on my lease. Go to another dealership
  • hahmedhahmed Posts: 2
    im looking to lease a sonata se w/ nav/sunroof

    please let me know about your guy

    thanks
  • mnattymnatty Posts: 4
    Received the following at Hyundai dealership in St. Paul today:

    2013 Sonata SE 2.0T w/ Nav/sunroof pkg
    $29,335 MSRP
    - 2,250 "Discount"
    - 1,000 Lease Cash
    - 1,000 Military & "VOC" discounts
    $25,085 "Adjusted Price"
    + 75 Doc Fee
    + 500 Registration
    + 665 Tax
    + 629 "Non Tax Fees" (could not explain to me what this is for)
    $26,953 "Net Price" (I believe this is cap cost)

    $320/mo for 36 mos. w/ 0 down (12,000 miles)

    I was told residual is 60% and money factor is .00114 (and that these are set by Hyundai and could not be manipulated)

    Anyone see any holes in this or any room to negotiate?
  • ctal1234ctal1234 Posts: 8
    Hello,

    Do any of you helpful people have the July residual and MF for a 3 yr/36k lease on a 2013 Sonata GLS with the Popular Equipment Package?

    Thanks!
  • mht2013mht2013 Posts: 4
    Hi, I am looking to leasing sonata limited w/ nav. do you have any nice dealer you are aware of? I am in NJ.
  • mht2013mht2013 Posts: 4
    Please let me know that dealer you are talking about in Queens
  • mht2013mht2013 Posts: 4
    I am interested in Sonata Limited with Navigation for leasing. How much I should expect per month including all tax and fees with 1000 down payment? If I choose Sonata Limited without Navigation how much the number will be?
  • I have a great dealer in Queens, if you dont mind coming over to NY
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,872
    Your personal security is important to us, so please do not post your email address in a message.

    You may include the dealership name, city and state in your post. Please do not post last names of salespeople, telephone numbers, email addresses, or other contact information.

    Moderator - Prices Paid, Lease Questions, SUVs

  • ricovanianricovanian Posts: 14
    i'mon long island- who is the dealer?
  • ricovanianricovanian Posts: 14
    who is it? i am in the market
  • mht2013mht2013 Posts: 4
    I dont mind. please tell me!
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