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Hyundai Elantra Lease Questions

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  • doc_vdoc_v Posts: 11
    Just a heads up for anyone who's interested. The offer I've been given on a GLS with auto and Preferred Pkg. was a MF of .00082 and residual value of 63%. Sale price is $17,179.
  • dylrexdylrex Posts: 57
    What's the sticker price and how many miles per year? Also, does the sales price include any dealer cash?
  • Hello dylrex. Hyundai Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra Sedan GLS with an automatic transmission and 15,000 miles per year are .00081 and 61% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Doc_V. It's strange that the residual value would be any different than what Hyundai Finance has published. Dealers really do not have the ability to alter banks' residuals.

    Your credit score should not have any impact upon the residual value, just the money factor.

    The residual value for a 36-month lease of a 2013 Elantra GLS with Auto and 12,000 miles per year should be 63%. If your vehicle's residual value is significantly different than this make sure to ask the dealer why that is the case.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • doc_vdoc_v Posts: 11
    The MSRP was $19,650 and 12,000 miles per year. The selling price did include a $775 destination charge.
  • doc_vdoc_v Posts: 11
    I'm considering a 2013 Limited and was curious what the MF and Residual Value are for a 3 year lease with 12k miles per year and an MSRP of $22,020.
  • subdrvrsubdrvr Posts: 4
    edited January 2013
    Hi Car Man,

    I would appreciate it if you could provide me with
    money factor and residual for 13' Elantra GT with touch and Go package (MSRP-$21340) and with Style Package (MSRP-$23140). 12,000 miles-36 months. I'm in the Detroit area.

    Thanks in advance.
  • Hi doc_v. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Elanra Limited with 12,000 miles per year are .00085 and 60% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello subdrvr. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra GT with an automatic transmission and 12,000 miles per year are .00103 and 62% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dylrexdylrex Posts: 57
    Hi Car_man.

    Can you please provide me with Hyundai Finance's current buy rate lease money factor and residual value for a 24 and 36-month lease of a 2013 Elantra GLS with 15,000 miles per year?
    Also, is there any dealer cash available?

    Thank you!

    Tim
  • Hi Tim. Hyundai Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra GLS with an automatic transmission and 15,000 miles per year are .00081 and 61% for consumers who qualify for its top credit tier.

    I don't think that Hyundai is currently offering 24-month leases. There isn't any dealer cash that I am aware of on this model either.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Does anyone know what the credit score is required for receiving Hyundai's top credit tier? What is the difference between the top tier and second tier in regards to the lease rate?
  • Good question jenm77. Hyundai Finance's best available lease money factors are usually available to consumers who qualify for its Tier 1 and Tier 2 credit tiers, consumers who have credit scores of 700+.

    The money factor increase is pretty steep for Tiers 3 and 4, +.00100.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dylrexdylrex Posts: 57
    Hi Car_man.

    Thank you for providing me with the 36 month numbers. I'd like to compare them to the 24 month. Could you please provide Hyundai Finance's February buy rate lease money factor and residual value for a 24-month lease of a 2013 Elantra GLS with an automatic transmission and 15,000 miles per year?
    Thank you.

    Tim
  • dylrexdylrex Posts: 57
    edited March 2013
    I thought I'd share the deal I closed last night on a '13 Hyundai Elantra GLS w/Preferred Pkg. I think this is a pretty good deal.

    MSRP: $19,695
    Cap cost: $17,420 (including acq. fee)
    Money factor: .00074
    Residual: .76% ($14,968.20)
    Term: 24 months
    Payment pretax: $126.13
    Total monthly payment w/6% tax: $133.70
  • cali92cali92 Posts: 12
    That sounds like a great deal, I have been considering a Elantra. Did you put a down payment or any out of pocket costs?
    Thanks
  • cali92cali92 Posts: 12
    Also, is that an automatic?
    Thanks
  • cali92cali92 Posts: 12
    Hi Car man,
    I am considering the GLS/preferred package automatic. What is money factor and residual for March for top tier credit? I would like 24 or 36 months. I am in NJ. Any other input would be great, like a target price.
    Thanks
  • dylrexdylrex Posts: 57
    There was $723.70 required at signing but I was able to use my $500 loyalty rebate and only wrote a check for $223.70. Yes, it is an automatic.
  • bunkscbunksc Posts: 10
    Hi there. Would you mind sharing the name and location of the dealer you got this fantastic deal from? Thank you.
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