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Hyundai Veracruz Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings njbloke. Hyundai is not currently offering lease support on the Veracruz. Without support, leasing one doesn't make much sense. You probably would be better off taking advantage of the huge cash incentive that is available on this truck and financing it through an independent bank. In March, Hyundai was offering $4,000 consumer cash on the '08 Veracruz. It is scheduled to announce its April (man I can't believe that it's already April) programs later today. Please feel free to check back with me and I will provide you with an update on what the new programs on this model are like.

    Car_man
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  • mattydmattyd Posts: 21
    $275/mon!?? Are US prices that low? Check it out: I just checked for a price in Toronto and your target car (09 though) comes to US$580/mon {C$694.32} w/ $1k down, 36 mon. To buy outright it's $34760 bfr tax.
  • hooopshooops Posts: 64
    Hi Car_man,

    Can you please provide the money factor and residual for a 2009 Veracruz GLS, 36 months, 15Kmi/yr.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Dan. I just replied to your question about leasing a Santa Fe. The same goes for the Veracruz. Hyundai is not currently providing any lease support on either of these trucks. As a result, leasing them does not make much sense right now.

    Car_man
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  • I leased 2007 Hyundai Veracruz in 2007. Now, I would like to purchase it at the end of lease which is this month.

    I am told to work with Sanford Auto exchange, Sanford, FL to purchase my vehicle. This dealer does not charge "dealer fees" which other dealers charge in Florida.

    Does anyone have any experience purchasing a leased vehicle through this Sanford Auto Exchange?. Are they reliable and trustworthy?.

    Please let me know. Thanks for all your help and time.
  • Greetings Car_Man,

    Hoping you can assist. I recently visited a dealer who quoted me $549 a month for the Veracruz limited with Nav. I thought this was high until I ran some of the numbers myself and I can't come close to what I was offered. If i'm getting the correct info the invoice on this Vehicle is $34,024.00 and residual is %48. With a money factor of .00167 which I'm totally pulling from the air I get a monthly cost of $619.

    Do you have any insight of any incentives they may be using to get below invoice? Lastly, the $549 does not include First month, bank or dmv.

    Thanks in advance for your help on this and several other forums I am monitoring during this joyous process.
  • Hello sretig. Hyundai is currently providing a $1,000 cash incentive on leases of the Veracruz. I would think that the best that the dealer likely would be able to do on a lease of this model is $1,000 under invoice or slightly less than that.

    Car_man
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  • Looking for current money factor and residual % for 2010 Hyundai Veracruz LTD AWD with navigation package. 36-month lease w/ 15,000 miles/year. Thanks!
  • Looking for current money factor and residual % for 2010 Hyundai Veracruz LTD AWD with navigation package. 36-month lease w/ 15,000 miles/year. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi crossbones1. Hyundai Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2010 Veracruz Limited AWD with 15,000 miles per year are .00235 and 55%, respectively.

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

    Car_man
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  • eleven03eleven03 Posts: 11
    Car_Man, as you can see, I'm all over the board with my 3 row seating autos.

    I am looking for the lease factors on a 2010 Veracruz Limited FWD with 15,000 miles per year for a 36 month lease. Also what incentives are available.

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey eleven03. There's nothing wrong with shopping around. Here's the info that you wanted.

    Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Veracruz Limited FWD with 15,000 miles per year are .00180 and 51%, respectively.

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

    Car_man
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  • azuluazulu Posts: 20
    Hi:

    Can anyone provide the January MF, residual and miles/year numbers for the following trims?

    2011 GLS FWD

    2011 Limited FWD

    Thanks,

    AZ
  • Hi azulu. Hyundai Finance's January buy rate lease money factor and residual value for a 36 month lease of a 2011 Veracruz GLS FWD with 15,000 miles per year are .00156 and 54%, respectively.

    The numbers for an otherwise identical lease of a 2011 Veracruz Limited FWD are .00156 and 53%.

    Car_man
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  • rlowrie1rlowrie1 Posts: 5
    Hi

    Looking for June Lease info for a Veracruz LTD AWD with Nav. Probably 36 months with 10-12K miles.

    Thanks

    Rick
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Rick. Hyundai Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Veracruz Limited AWD with Navigation and 12,000 miles per year are .00120 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • akw8akw8 Posts: 3
    Can someone tell me the current money factor and residual on the Veracruz lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi akw8. Hyundai Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Veracruz GLS AWD with 15,000 miles per year are .00077 and 46%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • What is the September money factor & residual rate for Veracruz, 2011, AWD, Limited, 3 years or 39 months and 10,000 miles & 12,000 miles respectively?
    And, why do dealers lease for 39 months normally instead of 36 months?
    Thanks!
  • Hi Car_man,
    I am probably leasing a Veracruz tomorrow and would very much appreciate your i nfo. re leasing factor rates for 36mth, 39mth, 12,000 & 10,000 miles per yr, respectively.

    And also, if I purchase a Veracruz, will I have a difficult time to sell it after 2 or 3 years, it being a discontinued model?

    Thanks,
  • Hi aldyn. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2011 Veracruz GLS AWD with 12,000 miles per year are .00077 and 47%, respectively for consumers who qualify for its top credit tier.

    I'm not sure if Hyundai Finance offers leases with only 10,000 miles per year, but if it does its residual value for that allowance would likely be 1% higher.

    I don't believe that Hyundai is currently offering 39 month leases on this model.

    When negotiating your deal on his truck, make sure to take the significant $3,000 cash incentive that Hyundai is currently providing on leases of it into account.

    Car_man
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  • Hey aldyn. Please see my previous post for the information that you're looking for.

    It's difficult to predict what the resale value for a Veracruz will be like two to three years from now, but if I had to make an educated guess I'd say not great. While they have improved in recent years, Korean vehicles are not known for their great resale values.

    Car_man
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