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Hyundai Elantra Lease Questions



  • Hyundai Elantra GT, manual with tech and style package (and floor mats)

    MSRP: $24,415
    Capitalized cost: 21,087.46
    Selling price: 22,050
    Money factor: .00113
    Residual value: 62% (15137.30)
    Down payment: $1200
    Monthly payment: $222.71 (includes tax)

    Am I getting a good deal or are they yanking my chain?

  • debf1debf1 Posts: 2
    Read the previous post on leasing and have a question!

    Negotiated hard yesterday for Elantra GT Manual with Touch and Go for $18,400 base model. But for a lease, they insist on increasing the cost of $19,800, with down of $2500, $500 discount, payments of $222 with tax for 3 years, residual $12,400 (not sure what Money Factor # is). Seems like this is not such a great deal. But they claim no negotiating on all this. Any advice for a newbie would be appreciated. Tempted to go ahead and purchase, which with a $7500 down would be $219.

    The current lease "deal" in Bay Area on GT is $179 for 24 months--this seemed to have changed since yesterday when they told me $189 for 36 months. But in the color I want, only one available has the Touch & Go, and with that they are increasing payment substantially to $220 (before tax and $500).
  • One of the dealers I talked about my 2013 elantra lease asked me to send him a scanned copy of my insurance and d. license so he can complete the paperwork. Is this a standard practice? Any suggestion or experiences with this? We were talking about the delivery to my house and he said it would be free and asked if we could wrap up the deal. His offer was:

    $219 + tax 6% with $600 down - 24 month 15000 mile 2013 black/beige w preferred package.

    How would contract signing even work on distance, any experiences, suggestions?

  • cali92cali92 Posts: 12
    I got my Elantra and thought I'd share my numbers. My head was spinning so much with these numbers, I did the best I could at negotiating, not as good as others here but I only got 1 rebate, here goes
    GLS with preferred package

    MSRP 19750
    Sale price 18825
    Fees are: bank fee/acq fee 595
    Doc fees 540
    1st month payment 199
    NJ tax 7%
    I used competitive rebate 500
    I gave them 400 out of pocket and payments are 199 for 24 months
    12000 miles a year/money factor .00074/76%residual
  • Tried, got a mailer daemon. Any other emails?
  • sebzx79sebzx79 Posts: 26
    edited March 2013
    Try again I got emails from other members just fine.
    srybicki at comcast dot net
    if that does not work same but gmail but I dont check that one often.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cali92. Hyundai Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra GLS with 15,000 miles per year are .00098 and 61% for consumers who qualify for its top credit tier.

    Hyundai is not offering 24-month leases on this car right now.

    Prices Paid: Buying & Leasing Experiences Forum
  • dylrexdylrex Posts: 57
    Car_man... Are you sure they aren't offering 24-month leases??
  • sebzx79sebzx79 Posts: 26
    They do and its 76% res with a .00074 money factor on a 12k 24 month lease with top credit.
  • dylrexdylrex Posts: 57
    I was already excited about the deal I got on my Elantra and it just got even better. I went to the mailbox a couple of days ago and inside was an envelope from the dealership. Inside that envelope was a $500 check for the Auto Show cash that was available. I couldn't believe it. I thought they used any and all incentives to work the deal that I received. What a pleasant surprise!
  • seb7seb7 Posts: 7
    Hi Car_man,

    Could you provide MF and residual for Elantra GT with Touch and Go package please?
    Lease 24 months, 12k or 15k miles. Do they provide any extra incentives (beside those on their website)?
    I live in Chicago, IL.

  • dowzamp2dowzamp2 Posts: 2
    Car_man, could I ask you also include 36 months in your response?

    Many thanks
  • dowzampdowzamp Posts: 9
    I'm currently talking to a dealer about a GT AT with Touch & Go MRSP and a MSRP of approx $21,650 - they have discounted it by $1600 and then told me that because I'm leasing I can't take advantage of any of the incentives such as the $750 "Valued Owner" - is this really true?

    I don't know the all the details yet as its like gettig blood out of a stone but 36/1200 with $1000 at signing is comming out at $239 per month with all taxes in TN


    thanks in advance
  • I had the same situation and they always include all the discounts and bonuses if you are purchasing. Leasing, however, does not qualify for other than a competitive bonus/discount, whatever they call it. I also had trouble getting straight information and I suggest you just keep talking to various dealers persistently. That way after a while you'll surely learn all the details and be ready for a visit. They are just fishing for that, a big pain man. They do get scrambling near the end of the month. Good luck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Interesting, dylrex, I guess that they are. I haven't seen anything on that. I'll ask around. Thanks.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man, sorry for hunting you down throughout the forums (big day ahead of me - need all the numbers I can pull!). Do you have MF and residual for a 2013 Elantra GT with A/T trans, 45k mile allowance and 36mo lease?

  • dowzampdowzamp Posts: 9
    This is thw deal I have on the table - any views, I'm thinking it is OK

    MSRP 21,675 (GT, auto, Touch & Go, Auto Dimming and mats)
    Sales pricde 20,025
    Gross Capital 21,280.38 (595 Acq fee, 598 doc, tax)
    63% residual
    .00120 MF

    $1,750 at signing covering the first month, $1,000 down and tags, reg, title etc)
    35 month of $232 inc alll TN taxes (7%)

    The $1,750 at signing would be covered by $750 loyalty rebate, $500 cash matched by Motorzuma with $500 rebate

    So in effect this is $500 out the door followed by 35 months at $232 - total 3 year cost to me of $8,620

  • ewarren423ewarren423 Posts: 7
    edited April 2013
    Just entered into a 24 month/ 24k mile lease on a 2013 GLS. Auto, popular equipment, spoiler, mats, splash guards, first aid kit and wheel locks. Sticker right around 20k.

    $500 down
    $159/month including the 9% taxes.

    Thought this was a decent deal.
  • That's sounds like a great deal. Where was that? I would lease one.
  • Ciocca Hyundai in Quakertown, PA.
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