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Hyundai Azera Lease Questions

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Comments

  • dborthdborth Posts: 474
    My 30-month HMFC '07 Azera lease terminates the middle of April. I recently received a cover letter and documents to complete pertaining to either the purchase of, or returning the vehicle.

    While I love the car, the last 29 months has proven than I really don't need a 4-door large sedan now, let alone a slightly larger 4-door like the Genesis. I am however interested in the just now starting to arrive Genesis Coupe.

    Here is the telephone exchange with a "customer service" rep. at HMFC Fountain Valley, CA:

    1. If I purchase, can I finance with HMFC? "No, we want cashiers check in full"
    2. I am interested in the new Hyundai Coupe but a reasonable selection won't be available locally by middle of April. Can I extend the current lease in anticipation of leasing or buying the new Coupe? "No, purchase or turn it in by the date specified on the lease contract"
    3. Are you sure about that? "Yes"

    One would think if a consumer is dropping off a lease return to the dealer, the manufacturer, and certainly the dealer would want that consumer to leave the dealer in a new vehicle of the same brand. I believe it's referred to as "loyalty".
  • Car_Man,

    Please provide the MF / Residual for a 36 month lease / 15K miles per year on a 2013 Azera with Tech Package in Nevada. Thanks!
  • Greetings romil01. Hyundai Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Azera with 15,000 miles per year are .00136 and 55% for consumers who qualify for its top credit tier.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • The following is a lease I signed on a 2013 Azera with Tech Package (all accessories, paint protectant, leather protectant, and window tint included):

    36 months / 15,000 miles per year
    MF = 0.00136
    Residual = 55%
    MSRP = $37,565 (asking price $39,040 with dealer options added to include protectants and tint)
    Invoice = $34,969
    Price Paid = $34,479
    Adjusted Cap Cost = $33,962 with $2250 worth of rebates
    Out of Pocket = $0 + Free iPad Mini

    Total monthly payment including NV sales tax = $480.
  • I am looking at two Azeras - One in New Mexico and one in Las Vegas, Nv. The New Mexico deal is a 2012, the vegas one on a 2013.

    Here is how I calculated the NM Deal. - Their monthly payment was $467 - please tell me what I am missing!?!?

    This offer eliminates the doc fees. I forgot to include License fee and Title fee but that should only adjust the payment a buck or two.

    MSRP = 37,135
    Sale price = $32,695
    +
    Acquisition fee of $595
    = Gross Cap Cost of 33,280
    - Cap reductions of $3,352.41 ($2,000 down, $1000 rebate, 352.41 1st payment)
    =Net Cap Cost of $29,927.59

    Monthly Depreciation = 29,927.59-19,310 / 36 = $294.93

    Monthly Finance = 29,927.59+19,310 * .0007 = $34.39

    Monthly Payment = 294.93+34.39 = 329.39 * .081(Nv tax rate) = $352.41

    Did I do something wrong? Why are our monthly payments almost $100 different!?
  • kd1007kd1007 Posts: 23
    MSRP $38,000 2013 AZERA

    15,000 MI
    36 MO.

    ZERO DOWN

    WHAT IS THE MONTHLY PRICE $$$ I SHOULD PAY WITH BEST AVAIL DEALS ?

    PLS JUST GIVE ME MO PAYMENT VS ALL THE CAP COST ETC..

    THANKS
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kd1007. In order to work up a lease payment on this car we need to determine what selling price you should pay. The 2013 Azera that you're interested in probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. Let's say that you are able to negotiate a $2,000 discount on this car.

    According to my calculations, if you were to lease a '13 Azera that has an MSRP of $38,000 and a selling price o$36,000 through Hyundai Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $464.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • romil01romil01 Posts: 75
    Seems about right. I am paying $480/month with tax on an Azera with Tech, zero down, 15K miles/year. It was fully loaded with all the accessories, window tinting and leather protectant for about $39K.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the confirmation, romil01. How do you like your Azera?

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • romil01romil01 Posts: 75
    Car_man,

    I like it quite a bit. It is a good looking car, has a beautiful, high-quality interior, has plenty of power and gets good mileage. The warranty isn't too shabby either. It isn't perfect, but it is quite a step up from my 2011 Sonata GLS.
  • ajpbf7ajpbf7 Posts: 67
    Hi Car Man,

    Could you post the MF and residual for a 36 month lease on the 2013 Azrea with 10k per yr. Also any lease support on this vehicle? Thanks very much.
  • penzfan1penzfan1 Posts: 28
    Too bad Ford didn't take a page from Hyundai's book. They're paying my wife FOR AS LONG AS SHE OWNS her 2012 Elantra for over reporting MPG. She's received $150 already.
  • rocketman18rocketman18 Posts: 13

    Carmen help Azera latest money factor residual and lease cash would be appreciated

  • kyfdxkyfdx Posts: 29,094

    @rocketman18 said: Carmen help Azera latest money factor residual and lease cash would be appreciated

    2014 Azera: .00199 MF and 61% residual for 36mo, 12K/yr lease.

    I don't see any lease cash on this model.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • krk43062krk43062 Posts: 2

    Hi. Do you have the current MF and RV for a 2014 Azera Limited with Premium package for 36mo, 12K/yr lease?

  • kyfdxkyfdx Posts: 29,094

    @krk43062 said: Hi. Do you have the current MF and RV for a 2014 Azera Limited with Premium package for 36mo, 12K/yr lease?

    .00083 MF and 58% residual

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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