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Hyundai Elantra Lease Questions



  • cptwlkrcptwlkr Posts: 4
    edited April 2012
    Any thoughts on this 2013 Hundai Elantra Limited lease deal? Money factor is a bit high, residual seems ok for 48 months, paying MSRP but no fees other than delivery and acquisition.

    MSRP $22045
    Sell $ 22795
    Term 48 months/12K miles per year
    Residual 56%
    Acq Fee 595
    Money .00190 (4.56%)
    Taxes $1001
    Monthly $298

    0 down, 0 money on deliver, lic fees, doc fees are all being 'shorted' by dealer

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes there is phredd44. Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra Limited with 12,000 miles per year are .00204 and 59%, respectively for consumers who qualify for its top credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cptwlkr. While the money factor that you were quoted is not great, it's right in line with Hyundai Finance's buy rate for this model.

    Having said that, you definitely should try to negotiate some sort of dealer discount from MSRP.

    Prices Paid: Buying & Leasing Experiences Forum
  • cptwlkrcptwlkr Posts: 4
    Thanks Car_man .. was able to get several items shorted or discounted by the dealership - acquisition fee (and disposition end of lease fee) along with doc fee were deducted or 0'd out in the deal...your suggestions/advise much appreciated.
    Also got mud guards, wind deflector, iPod cable, floor mats for 0 additional. We're happy and love our new Elantra.
  • pathfinder813pathfinder813 Posts: 1
    edited May 2012
    I leased an Elantra GLS with the Preferred package in VA for 36 months at 15k miles a year... sticker was 19470 or so and we negotiated a price down to 18050.

    I ended up leasing for 0 down, $275 a month (paid the first month payment). I believe MF was 0.00208 or so and RV was 62%. This also includes all VA sales tax and all fees.

    They said this included $1000 lease incentive.

    Is this right?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome cptwlkr. It sounds like you did well. Thanks for stopping back to let us know how everything turned out. Enjoy your new ride :shades: !

    Prices Paid: Buying & Leasing Experiences Forum
  • mgs586mgs586 Posts: 1
    I am looking to lease a 2013 Elantra GLS with auto transmission (MSRP $18,470)
    Any updates to 36 month lease details? I have not decided 12,000 miles or 15,000 miles yet but would be interested in discounted purchase price, money factor and residual.

    I am co-signing this lease for my college aged daughter. Since she has no credit rating, they mentioned this may push me from the top credit tier to a tier 2 credit. Does that sound right? I am also planning to put $2500 down +/- to keep her payment around the $200/mo range.

    What the dealer has given me is a $179/mo lease rate that will increase to $189/mo when you include tax, title and license, and may bump up to $199/mo due to the lower credit tier.

    Any input would be appreciated!
  • Hey everyone,

    So this is what our delaership has agreed to with us:

    36 month, 12,000 mile/yr lease

    MSRP: 24600
    They agreed to $23,100 after discounts and rebates (However, sales person said the residual and monthly payment is calculated based on original this true?)

    Risidual value $15990 (This is 65%, should this be lower or higher?)
    Money factor: .00244

    Down Payment: $2500

    Acquisition Fee: $595
    Doc fee: $150
    Title/Licensing: $182.75
    Taxes: $1204

    Payments are $300/mo for 36 months

    Good deal, ok deal, bad deal???

    Thoughts and feedback appreciated. We are supposed to take delivery on Tuesday.

    Thanks in advance.
  • buffkgbuffkg Posts: 1
    Currently went to dealer with 23 yr old daughter intending to purchase used. Dealer swayed us to a lease of a 2013 Elantra GLS Limited. $3,000 down + trade-in of 1995 Camaro Z28 (104k miles) inclusive of tax, fees, etc. for 36mo/12k miles/yr @ $199/mo. "Buy out" of approx $12k @ end of lease.

    We have never leased a car before and I am completely unsure of what is fair or how to negotiate a better deal. I will need to co-sign this for her since she is a recent college grad with limited credit.

    Help pls!

    Don't believe this is a great deal based on what I've read here. What should we be negotiating and what should we stay away from? We are located in Central NJ.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi buffkg. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    In order to evaluate this deal, we would need to know this car's MSRP and selling price as well as how much you are being given for the Camaro.

    Prices Paid: Buying & Leasing Experiences Forum
  • williemc1williemc1 Posts: 1

    I just leased a 2013 Elantra GLS w/Preferred Package from Keith Hawthorne Hyundai in Charlotte, NC. Did all the work via email and phone. Spent less than one hour in dealership for test drive and paperwork. Here's the deal.

    36 month, 12000 mile lease.

    No Money Down, they made the first payment.

    MSRP 19890.
    ADJ. CAP cost 20558.50 19890+69(tags)+599.50(Doc Fee)
    Residual Value 13071.70 (64%)
    Money factor .00178
    Payments 267.83+8.03(3% Tax)= $275.86

    Also, they made my last payment on my Camry Lease. ($355)

    Any thoughts?

  • Hi all. I want to ask about my experience with leasing a car today.
    The MSRP of the elantra 18650. They agreed to no down payment, but 200$ per month for 39 month.
    After we agree to this price, they took me to another room for signing papers. At this time they brought out some "wear&tear protection waiver (100 dectible, 500 single event limint)", some maintenance plan, and adding an alarm. For those three items, they asked for 45$/month extra. I felt like they ambushed me with this price and I said, maybe 30$/month? they agreed immediately. They made me feel a little uneasy. They also mentioned a 400 disposition fee at the end of lease.
    So in the end I get 230/month x 39 month + 400 disposition fee. Do you think I got a good deal? Is the 30$/month fee addition is some kind of gimmick? Thanks.
  • steevosteevo Posts: 330
    No gimmick, they offered you a bunch of items for 45 per, you negotiated to 30. So 30 dollars x 39 payments = 1170. So you paid 1170 for the items.
  • steevosteevo Posts: 330
    Do you have the latest MF and residuals for the Hyundai Elantra Coupe GS and SE , 36 months, 12000 miles?
    Thank you..
  • steevosteevo Posts: 330
    Do you have the latest MF and residuals for the Hyundai Elantra Coupe GS and SE , 36 months, 12000 miles?
    Thank you..
  • steevosteevo Posts: 330
    Does anyone have lease numbers I can use? See previous posts for terms..
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited September 2012
    Hi steevo. Hyundai Finance's September buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra Coupe GS with 12,000 miles per year are .00180 and 68%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 Elantra Coupe SE are .00194 and 66%.

    Prices Paid: Buying & Leasing Experiences Forum
  • I have never leased b4 and don't know much about is past negotiating a selling price first. Car Man, could you give insight for me on this . I know what residual value is but not much past that.
    Thank you, Nessie
  • steevosteevo Posts: 330
    Negotiate best selling price for car. Use a lease calculator to determine payments.
    Knowledge is power when negotiating. All the information you are asking for is already in great detail in articles found here on edmunds, and you can also read through the leasing forums. The most active forums have the most information. I use the calculator on the following website, which also has some good leasing info.
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