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Hyundai Tuscon Lease Questions

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  • Hello seeingred56. Hyundai Finance's January buy rate lease money factor and residual value for a 36 month lease of a 2011 Tucson GLS FWD with Navigation and 15,000 miles per year are .00156 and 56%, respectively.

    The inclusion of navigation has no impact upon this truck's lease program.

    I would be happy to work up a sample payment on the exact truck that you are interested in for you if you provide me with its MSRP and approximate selling price.

    Car_man
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  • Hi Car_Man,

    Thanks so much for your help. We are just in the process of dealing with some salespeople. I would greatly appreciate your crunching the numbers below:

    MSRP- $25,210
    Selling price - $23,500
    NJ

    I am getting extremely high quotes from dealers regarding monthly payments. My current vehicle's selling price was at least $2,500 more and I am paying at least $30 less per month with the same specs.

    Any help would be great.
  • Hi seeingred56. Let's work up a payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2011 Tucson GLS FWD with Navigation and 15,000 miles per year ($25,210 MSRP / $23,500 Selling Price) through Hyundai Finance right now for 36 months with 15,000 miles per year its zero down, pre-tax monthly payment would be around $320.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man and others,
    This forum is a BIG help to us rookies, and I really appreciate your advice. Lots of great info here.

    I have read all the previous comments, So i think I have a good idea of the landscape, but here's my personal situation.

    Like the above person, I am interested in a 2011 Tucson GLS (still debating on the navigation package).

    I'm looking to put down about $2000-2500, and am looking at a 36 month lease. 12,000 miles may be fine, but probably looking at 13,000 or even 15,000.

    I am pretty confident I will be approved at the best credit/interest rates.

    What kind of monthly payments am I looking at? (I'm in CA if that matters for tax purposes - 8.25%)

    Again, thanks for all your help!
    -Nick
  • I'm glad that you've found this forum so helpful, Nick. I'd be happy to work up a sample lease payment on the truck that you are interested in for you, but I need you to provide me with its full MSRP and approximate selling price (or at least the MSRP and invoice price) first. You can find that data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man with another quick response.... I love it.

    Here is the MSRP for the Tucson GLS: $23,145, and the selling price (as mentioned by the dealer, with no negotiations yet): $22,543.

    THANK YOU!
    -Nick
  • No problem, Nick. Let's crunch some numbers and see what we come up with.

    According to my calculations, if you were to lease a 2011 Hyundai Tucson GLS AWD that has an MSRP of $23,145 and a selling price of $22,543 through Hyundai Finance for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $316.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • You are the best at crunching numbers..can you crunch a few for myself and my wife through

    Hyundai Finance - 36 months/15,000 miles year - we have a trade in: 2003 Santa Fe GLS AWD in fair condition (thinking we could get $2,500 from dealer - although KBB is around $3,775)

    2011 Hyunda Tuscon GLS AWD
    MSRP = $24,4780...SELLING PRICE = $23384

    Greatly apreciate it!
    Eric
  • I was quoted from the dealer the following: this was based on MSRP = $24,4780...SELLING PRICE = $23384

    the money factor is .00156 the residual % is 57. A 45,000 mile 36 month lease with 0 downpayment is 358 per month. GAP is included

    I then asked the sales mgr via email (notice he didn't give me any answers to the question - is that normal?):
    How much is the GAP insurance? How much are the additional fees such as acquisition, registration, inspection, tax?

    Would you require first months' down payment, etc. Thank you in advance for answering all of my questions.

    Here is his response below - should I walk away?

    Eric, as discussed GAP is included / standard on the Hyundai Lease.

    Normal up front fees are required and the lease is calculated with 0 cap cost reduction AKA :0 downpayment.

    I appreciate that you are working things out to this point before stopping into the dealership.

    At this point I invite you in to have a courteous, professional discussion, to review your inception fees, to demonstrate the vehicle, and to show you why

    People choose Flemington Hyundai.

    Yes the lease is based on $23,384 as the price.
  • Hi Eric. According to my calculations, if you were to lease a 2011 Hyundai Tucson GLS AWD that has an MSRP of $24,478 and a selling price of $23,384 through Hyundai Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $321.

    You would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment on your lease, but if you really wanted to make a $2,500 capitalized cost reduction on this lease it would drop the payment to around $247.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man,

    Thank you for your response - we ended up going with a Nissan Rogue - got the upgraded SV SL Premium Package - enjoying the ride very much!
  • Since i have been on & off of this site doing research for the past few months, i thought i'd update my progress for those interested.

    I just leased a 2011 Hyundai Tucson GLS FWD with NOTHING DOWN except tax title license fees ($1,500) for $299 month with 12k miles yr/36 months.
  • swj66swj66 Posts: 3
    Hi Car_Man,

    I was hoping you might be able to help me out with the residual value and money factor for a 3yr, 12k miles per year, lease of a 2011 Hyundai Tucson GLS.

    Also, what did you mean by saying that you're better off having the dealer cut a check for the equity in your trade instead of using it as a down payment? I have a car I plan to possibly trade in, but wasn't sure the best route to go. I could negotiate a trade in price with the dealer to reduce the cap cost or work as a down payment, or I could have carmax buy it outright and then either use the cash for the new lease as a down payment or just keep the cash for other uses (we're pregnant with our first child, so we'll have plenty of other uses).

    Any help/advice is greatly appreciated. Thanks!
  • swj66swj66 Posts: 3
    Sorry, I forgot one other question... Does Hyundai ever offer a 10K miles per year lease? And if so, does the money factor and residual change for that?

    I work from home and know I will be coming in way under in my mileage, so it would be nice if I could get a better deal because of it. Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi swj66. Hyundai Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2011 Tucson GLS AWD with 12,000 miles per year are .00156 and 58%, respectively for consumers who qualify for its top credit tier.

    You can and should have either the dealer that you are working with or CarMax cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. Consumers who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

    I'm not sure if Hyundai Finance offers leases with only 10,000 miles per year, but if it does its residual value for that allowance would likely be 1% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • swj66swj66 Posts: 3
    Awesome. Thanks Car_man!! This was a really helpful forum, and I'm glad I stumbled across it before leasing a new Tucson!
  • Hello everyone and thanks for all your awesome posts on this forum. We're looking to lease two Hyundais at the same time (good timing!). My fiance' likes the Tucson GLS FWD with no additional options, 15,000 miles a year and 36 month lease. Does anyone have any figures on this either from a purchasing experience or from the big man Car_man some numbers we can crunch?
  • I'm surprised that the money factor on the Tucson makes the lease payments for the less expensive GLS over $60 more than the Sonata 2.0t SE, a vehicle which costs more. Our lease payments for 15,000/36mo with $1,700 down would come out to $337 for the Tucson. sounds crazy a bit...May be a dealer breaker.
  • Here's my first attempt at getting a deal on the Tucson. Any thoughts? Do these calculations add up?

    2011 Hyundai Tucson - GLS - FWD (in stock)

    MSRP: $23,310
    Sales price: $21,848 (lease rebate of $500)

    residual: $13,053.60
    money factor: .00168
    $1630 down (tax paid upfront in NJ)
    36months - $337
    15K lease
  • ukpaulukpaul Posts: 2
    Car_Man,

    I am trying to lease a new Tucson Limited with Premium package either FWD or AWD. The dealer offered me .00232 and 55% residual, whereas you told swj66 the Hyundai rate for April for a GLS is .00156 and 58% residual.

    Are the numbers different for a GLS and a Limited? Can you please tell me the correct Hyundai rate for a Tucson Limited 36 month 12,000 miles per year lease if I do the deal in the next couple of days.

    Thanks.

    Paul
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