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Comments
Can you please provide the lease numbers (mf & resid) on 24 and 36 month, 12K and 15K mi/year leases on the 2012 and 2013 Hyundai Elantra GLS Sedan. Also, is there any lease support being provided?
Thanks
I'm considering an Elantra GT and wondered if you had any info on the October MF & residuals for a 24mo/12K per year or 36mo/12K per year lease.
TIA!
Car_man
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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.
Good luck in your negotiations and make sure to let us know if you have any questions.
Car_man
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We ended up leasing Ford Fusion, 2 months back, after returning hyundai elantra and now we are being penalized by this deceitful company by sending us to collection if we dont pay the $424 "disposition fee", immediately. BUYERS BE AWARE before leasing any car from HYUnDAI LEASE COMPANY. Plz let this be known to all. Thanks.
Personal responsibility folks, that's the name of the game. Why do so many Americans not want to take personal responsibility for their actions...I don't get it? Time to suck it up here...really folks...a life's learning lesson...READ EVERY LINE OF A CONTRACT! Especially when it's one of the most expensive purchases people make...read it!
The Sandman :confuse: :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Many thanks
Car_man
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Car_man
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So this is the deal I got from the dealer in Van Nuys CA.
2013 Hyundai Elantra GLS w/Preferred package MSRP 19,705.00
Offer:
Vehicle: 18,650 taxes 1,638.88 total 20,626.88
due at signing 626.00 36months @ 236.90
money factor: .00132 residual 66% = 13,005
I thought the residual should be around 68%?
Is this a good deal?
M
I feel like this is still a high payment.
The Elantra doesn't have much of a spread between its MSRP and dealer invoice price. I'd say that there's probably a little under $700 or so. So the $1,000 dealer discount that you are being given looks good to me.
The two main negotiable aspects of this deal look good, so I'd say that this looks like a good deal to me.
Car_man
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I actually got them down to 18,300 today and think I am going to make the deal.
Thanks again
M
First of all, thank you so much for providing this service. It is much appreciated
I'm here in Northern California and looking to lease a 2013 GLS with Auto and Preferred Package.
Through the Costco Auto Buyers Program, I am being offered a good price on the car and MF, but the Residual seems considerable lower than what you've quoted here.
MSRP $20,020*
Selling Price $18,000
Residual amount is $11,211 [or 55% if I'm doing my math correctly]
MF is .00091
12k miles per year
*The model they're quoting includes carpeted floor mats, cargo net, first aid kit, auto dimming rearview mirror with Homelink, mud guards and rear bumper protector.
Is this accurate? Would you please provide the latest numbers?
Regards.
Car_man
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You never mentioned the payment for this car, but all of the factors that go into calculating it look good to me.
Car_man
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Can you please provide me with the money factor and residual for a 3 year lease with 15k per year for an Elantra GLS?
Thank you!!
My main concern was the Depreciation Factor of 55%. This is opposed to the 63-66% you've quoted above.
55% seems especially low considering they are only preliminary numbers and I've yet to submit to any credit reviews.
The monthly payment is $196 per month including tax and includes a $2,000 cap reduction.
Could you tell me what the depreciation factor should be with a credit score around 700?
Thanks again.
Doc_V
I've been shopping the same vehicle and I found the below numbers on another site. These numbers are for 15k miles a year. The residual would be 2% higher with 12k miles a year.
2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 61% off MSRP – .00082 Base Rate
After seeing Car_man's response to your question, I'm a bit confused.
Car_man
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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
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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.
Car_man
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Car_man
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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
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
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The money factor increase is pretty steep for Tiers 3 and 4, +.00100.
Car_man
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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
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
Thanks
Thanks
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
Good luck!
MSRP: 19,695
INVOICE: $19,226
NET PRICE AFTER REBATES: $17,550
TAX: 6%: $1193
TAG/REG/DEALER FEE ($599): $891+ 281 (if new tag)
OUT THE DOOR PRICE WITH EVERYTHING: $19,704 + 281 from above
12K MILES LEASE FOR 24 MONTHS
76% RESIDUAL / .00074 MF - BUY OUT:$14,968
$600 DOWN: $230 MONTH WITH TAX INCLUDED
$2000 DOWN: $170 MONTH WITH TAX INCLUDED
$3000 DOWN: $125 MONTH WITH TAX INCLUDED
I would really appreciate your thoughts on this offer.
Thanks!
Use this calculator to figure your payment out.
link title
#238, this looks like an excellent deal, I am going to try to duplicate this one. What dealer are you working with? The money factor seems ok, the fees are high, I would expect 500-550 for registration, title etc but thats it. You want agreed sale price to be around 10% less than msrp, then deduct dealer incentives, then do calculations, there are many lease programs such as the one someone linked to above. Good luck, its such a pain to haggle I know.