Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Hyundai Azera Lease Questions

2

Comments

  • Can someone point me to a place that will explain % residual, etc. that can help to decide whether to lease or not to lease? I’ve never given it consideration before. I’m planning on purchasing or leasing an Azera from Fritzgerald Automall. Any help is appreciated.
  • Hi imaricci. The following articles should answer any questions that you have about leasing: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Check them out and let me know if you have any specific questions that they don't answer. I will be happy to answer them for you.

    Car_man
    Host
    Prices Paid Forum
  • I would appreciate help in how Iwould determine the money
    factor?In your example,a 9% annual interest rate translates
    into a .00375 monthly interest payment as far as I can
    determine from your Leasing Tips.
    Please explain the math by which this .00375 was calculated
    off of a 9%APR?
    How do I calculate the money factor given different APR
    numbers from differdnt Hyundai dealers?(as I begin
    negotiating)?
  • drdonrsdrdonrs Posts: 164
    Al,
    You are absolutely right. I am a long time Acura TL user and leased for many years. I purchased a Sonata LX in Jan. and just recently purchased my Azera Limited. I have even offered to speak to potential Azera customers at my dealership, as a most satisfied customer. I too have offered my "opinion" that Hyundai dealerships are not setup to deal with the near luxury customer. I have actually have called their attention to some of the features that the car possesses. I have a friend that has a 2006 Lexus ES and this car has it beat by a mile. I have never enjoyed 2 cars more than my new Hyundais. You can't sell Elantras with the same sales methodology as an entry level luxury car such as the Azera. Look at the showrooms for Acura, Lexus, Infiniti to name a few. Different ambiance for a more upscale customer. I will say this, when I purchased my Azera I spent a short period of time answering questions which were apparently geared to finding out what the typical customer, who is buying an Azera, interests are. So they are probably aware of what it will take.
    Bottom line, I have 2 awesome cars. :)
    Don
  • Hi johnbaxter1. It's not easy to back into what a vehicle's money factor is, unless one knows all of the details of a deal, like the MSRP, selling price, residual value, etc... The money factor that you calculated is too high. Hyundai Finance's current buy rate lease money factor for the 2007 Hyundai Azera Limited is only .00192. It is .00211 for the 2007 Azera SE. Let me know if you need any other information or have any other questions.

    Car_man
    Host
    Prices Paid Forum
  • dmalliadmallia Posts: 7
    I haven't seen a post in a while about 07, and 06 leasing prices. What is a reasonable price in the Midwest. How and when would increased residual values be reflected in lower lease payments. Any help from posters is greatly appreciated.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dmallia. The monthly payment for an Azera will depend upon what its MSRP and selling price are, as well as how long you lease it for and what mileage allowance you opt to go with. If you provide me with these variables I would be happy to use Hyundai's current lease program to estimate what your monthly payment would be. As far as this car's selling price goes, shoot for as close to dealer invoice as possible and then have the dealer subtract the $1,350 lease cash that Hyundai is providing on the '07 Azera right now. You may be able to get a good idea of how much you will have to pay for this car right now by visiting the following discussion: "Hyundai Azera: Prices Paid & Buying Experience".

    Car_man
    Host
    Prices Paid Forum
  • setampsetamp Posts: 16
    Does anyone know Hyundai's current residual % for 36months and interest rate / money factor?
  • dborthdborth Posts: 474
    An odd question for an "almost luxury" sedan. I think you will find too the factory sponsored lease incentive is 30 months / 12,000, not 36 months. "Residual" is stated in dollars, not %...(in my case 56% of cap. cost) "Money factor" is not disclosed, at least on my lease contract.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi setamp. According to the latest information that I have seen, Hyundai's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Azera with 15,000 miles per year are .00139 and 44%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,250 that Hyundai is providing on it. This cash will help you to negotiate an attractive capitalized cost.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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.
2
Sign In or Register to comment.