2015 Hyundai Sonata Lease Questions

Michaell

edjj said:

Helping my mom buy an SE and I'd like to know MF and residual for 10,000 miles. Also, what is this "lease cash"? Is it simply a rebate that works as a cap cost reduction? Thanks very much.

36/10 numbers on the 2015 Sonata SE are .00059 and 60%. $1500 lease cash, which is a factory to dealer incentive that the dealer can choose to pass along to the customer.

Can be used to reduce the cap cost or to offset some of the up front costs of the lease (bank fee, dealer fee, etc.)

bphin

Looking for July MF and residual for 2015 Sonata Eco with Tech Package in Vermont. 36 months @ 12K per year.
Thanks for this great service.

Michaell

bphin said:

Looking for July MF and residual for 2015 Sonata Eco with Tech Package in Vermont. 36 months @ 12K per year. Thanks for this great service.

.00021 and 55%. $2000 lease cash. 

johns27

Hello,

May I please have the July MF and residual for 2015 Sonata Sport. 10k/36 and 12k/36

Thank you so much!

kyfdx

johns27 said:

Hello,

May I please have the July MF and residual for 2015 Sonata Sport. 10k/36 and 12k/36

Thank you so much!

.00002 MF and 57%/56% residual. $2000 lease cash

johns27

kyfdx said:

johns27 said:

Hello,

May I please have the July MF and residual for 2015 Sonata Sport. 10k/36 and 12k/36

Thank you so much!

.00002 MF and 57%/56% residual. $2000 lease cash

Thank you! Do these numbers depend on geographic location? I'm in SoCal if it does.

kyfdx

johns27 said:

kyfdx said:

johns27 said:

Hello,

May I please have the July MF and residual for 2015 Sonata Sport. 10k/36 and 12k/36

Thank you so much!

.00002 MF and 57%/56% residual. $2000 lease cash

Thank you! Do these numbers depend on geographic location? I'm in SoCal if it does.

We don't have every region, but those are the Western region numbers

johns27

So assuming these numbers are the best available, what does one usually say if a dealer asks where you got such numbers?

kyfdx

johns27 said:

So assuming these numbers are the best available, what does one usually say if a dealer asks where you got such numbers?

"Why, are you telling me they are wrong?"

tomtom20

Need help evaluating this leasing offer in VA:

2015 Sonata Limited 2.0T
36 month/12k year

$34,625 MSRP
$27,971 Selling Price
$595 Lease Acquisition Fee

$28,566 Net Cap Cost
$19,736.25 Residual

$259.76 Month
$0 Down

Due at Signing:
Taxes + Title + $562.20 Dealer processing Fee + $810 Dest/handing Fee + First Month Payment

Thanks in advance!

kyfdx

tomtom20 said:

Need help evaluating this leasing offer in VA:

2015 Sonata Limited 2.0T
36 month/12k year

$34,625 MSRP
$27,971 Selling Price
$595 Lease Acquisition Fee

$28,566 Net Cap Cost
$19,736.25 Residual

$259.76 Month
$0 Down

Due at Signing:
Taxes + Title + $562.20 Dealer processing Fee + $810 Dest/handing Fee + First Month Payment

Thanks in advance!

Well... any price that doesn't include destination/handling is just BS.. Breaking that out separately is just a ruse to make it look cheaper. In the same manner, consider the dealer processing fee part of the price, as well.

So, you have $1372 of charges to pay upfront, that are nothing more than part of the price of the car.

.00030 MF and 56% residual. $2250 lease cash.

So, when you add the $1372 and $2250 back onto the selling price of the car, the discount from MSRP is more like $3000. Which seems pretty good, though I don't follow the market.

On the plus side, when I use the MSRP and CAP cost, and calculate the payment using the proper MF and residual, I get a payment of $269/mo., which is $10/mo. higher than their quote.. So, all is good.

If it were me, I'd roll the $1372 of upfront charges into the lease payment. That adds about $38/mo. to the payment, but lowers your OOP to just the 1st payment.

I don't see any provision for tax in any of your numbers, though.

johns27

Hi there,

May I please also have the July MF and residual for 2015 Sonata ECO. 10k/36 and 12k/36

Thank you so much!

kyfdx

johns27 said:

Hi there,

May I please also have the July MF and residual for 2015 Sonata ECO. 10k/36 and 12k/36

Thank you so much!

.00021 MF and 56%/55% residual. $2000 lease cash

tareed

Anyone have the residual and MF for a 3/36 on the Sport and SE? I'm in North Carolina.

Michaell

tareed said:

Anyone have the residual and MF for a 3/36 on the Sport and SE? I'm in North Carolina.

SE - .00059 and 59%
Sport - .00002 and 56%

$2000 lease cash for both

ehaley1218

Can I have the lease numbers for a 3 year (15k/year) lease for:

Sport 2.4
Eco
Limited 2.4

Thanks!

It's for Massachusetts FWIW.

Michaell

ehaley1218 said:

Can I have the lease numbers for a 3 year (15k/year) lease for:

Sport 2.4
Eco
Limited 2.4

Thanks!

It's for Massachusetts FWIW.

Sport 2.4 - .00002 and 54%
Eco - .00021 and 53%
Limited 2.4 - .00070 and 56%

$2000 lease cash for all 3

tareed

I'm dealing with this dealer and am having a hard time reconciling his numbers but he's telling me he can lease me a 2015 Sonata Sport for $190/month with $190 down (first payment) for 3 years and 15,000 miles per year. I know the MSRP is $24,705 which puts the residual at $13,340 using 54%. He has confirmed the residual. He said the sales price was $20,500 before lease cash of $2,000 so I'm at $18,500. To get to the payment he's quoting of $190 which includes 3% NC tax, I am calculating that the adjusted capitalized cost has to be about $19,900. So there is about $1,400 added in which I assume consists of the lease acquisition fee, dealer doc fee, and registration fees.

I'm almost ready to walk away from this dealership but the other local one said they couldn't even do a SE with popular equipment package for this price.

If anyone has a few minutes to look at the numbers above and offer their opinion, I would appreciate it. I guess my question is, is $190/month a solid deal on a 3 year, 15,000 mile per year on a 2015 Sonata Sport?

My other option is a 2015 Accord LX and I'm at $199/month with $569 down but it's only 12,000 miles per year.

Michaell

tareed said:

I'm dealing with this dealer and am having a hard time reconciling his numbers but he's telling me he can lease me a 2015 Sonata Sport for $190/month with $190 down (first payment) for 3 years and 15,000 miles per year. I know the MSRP is $24,705 which puts the residual at $13,340 using 54%. He has confirmed the residual. He said the sales price was $20,500 before lease cash of $2,000 so I'm at $18,500. To get to the payment he's quoting of $190 which includes 3% NC tax, I am calculating that the adjusted capitalized cost has to be about $19,900. So there is about $1,400 added in which I assume consists of the lease acquisition fee, dealer doc fee, and registration fees.

I'm almost ready to walk away from this dealership but the other local one said they couldn't even do a SE with popular equipment package for this price.

If anyone has a few minutes to look at the numbers above and offer their opinion, I would appreciate it. I guess my question is, is $190/month a solid deal on a 3 year, 15,000 mile per year on a 2015 Sonata Sport?

My other option is a 2015 Accord LX and I'm at $199/month with $569 down but it's only 12,000 miles per year.

$190/mo for a car that stickers at close to $25K is a heck of a deal. Might have to look into that when my Elantra lease is up next year.

So, the 36/15 numbers on the Sonata Sport are .00002 and 54%, plus the $2000 lease cash. Using the MSRP and $18,500 net cap cost, I get a payment of $143.95. If they are rolling in all the fees into the cap cost, the net cap cost would be around $19,900-20,000 as you state in order for the final payment to be around $190/mo.

What are you waiting for?

tareed

Thanks for looking at it. Something just feels off. From what I can tell the car has been on their lot for 9 months. I put the VIN into the myCarfax app and it says the pre-delivery inspection was on 9/24/14 and then serviced 12/5 and 4/28. That's all it says. I just find it hard to believe that the car has been there that long and it only had 17 miles on it when I test drove it. It's Nouveau Blue so maybe that color is just that unpopular.

I originally inquired about an SE with popular package and they immediately said $189/month with only the first payment due at close. I went to another lot and saw the Nouveau Blue and decided that's what I wanted. I called them and asked if they could find an SE like what we had originally discussed. They called back 30 minutes later saying they would give me the Sport for the same price. I went in the next day and they tried to say the Sport would be $220/month so I walked out. They called within an hour saying they would do the $189. I'm going back to drive it again tonight and make a final decision.

Is there anything I need to watch out for when reading the lease? This will be my first lease.

Michaell

tareed said:

Thanks for looking at it. Something just feels off. From what I can tell the car has been on their lot for 9 months. I put the VIN into the myCarfax app and it says the pre-delivery inspection was on 9/24/14 and then serviced 12/5 and 4/28. That's all it says. I just find it hard to believe that the car has been there that long and it only had 17 miles on it when I test drove it. It's Nouveau Blue so maybe that color is just that unpopular.

I originally inquired about an SE with popular package and they immediately said $189/month with only the first payment due at close. I went to another lot and saw the Nouveau Blue and decided that's what I wanted. I called them and asked if they could find an SE like what we had originally discussed. They called back 30 minutes later saying they would give me the Sport for the same price. I went in the next day and they tried to say the Sport would be $220/month so I walked out. They called within an hour saying they would do the $189. I'm going back to drive it again tonight and make a final decision.

Is there anything I need to watch out for when reading the lease? This will be my first lease.

Just check all the paperwork very closely to ensure that extra fees aren't being added in.

era123

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

tareed

Just wrote a check for $189.55 and now have a new Sonota Sport.

Michaell

era123 said:

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

39/10 numbers on the Sonata Eco - .00014 and 54%, $2000 lease cash.

Using your MSRP and cap cost, I calculate a payment of $311/mo before tax. What's been added to the selling price to get to the cap cost?

No idea about the Bluelink question you posed.

era123

Michaell said:

era123 said:

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

39/10 numbers on the Sonata Eco - .00014 and 54%, $2000 lease cash.

Using your MSRP and cap cost, I calculate a payment of $311/mo before tax. What's been added to the selling price to get to the cap cost?

No idea about the Bluelink question you posed.

Using TrueCar price you get to $311 or the first set of numbers I gave you? He gave me $350 tax in, so that is pretty close if you are using the first numbers. I was told all of the up front fees (I will ask for them broken up) are what is increasing the cap cost because it is sign and drive.

norbie651

Hi! Can I get lease numbers for 2015 Sonata Sport non turbo with tech package. 36 months 15k. In Los Angeles. 

I know it's the end of the month, but do the July numbers go onto this weekend? That's when I plan on buying.

Thanks again! You guys are awesome!

Michaell

norbie651 said:

Hi! Can I get lease numbers for 2015 Sonata Sport non turbo with tech package. 36 months 15k. In Los Angeles. 

I know it's the end of the month, but do the July numbers go onto this weekend? That's when I plan on buying.

Thanks again! You guys are awesome!

.00002 and 54%. $2000 lease cash.

The information I have says that the numbers are set to expire 7/31/15. Not sure if we'll get notified of an extension through the weekend.

era123

era123 said:

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

39/10 numbers on the Sonata Eco - .00014 and 54%, $2000 lease cash. Using your MSRP and cap cost, I calculate a payment of $311/mo before tax. What's been added to the selling price to get to the cap cost? No idea about the Bluelink question you posed.

Using TrueCar price you get to $311 or the first set of numbers I gave you? He gave me $350 tax in, so that is pretty close if you are using the first numbers. I was told all of the up front fees (I will ask for them broken up) are what is increasing the cap cost because it is sign and drive.

Just wanted to see if anyone had feedback on this before I go tomorrow

ral2167

Seems like a pretty expensive lease for a 29kMSRP sedan for onlyrics 10k miles a year. One would think you could do a camry xle or accord exl for the same payment but more miles. Just my opinion.

Michaell

era123 said:

era123 said:

Michaell said:

era123 said:

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

39/10 numbers on the Sonata Eco - .00014 and 54%, $2000 lease cash.

Using your MSRP and cap cost, I calculate a payment of $311/mo before tax. What's been added to the selling price to get to the cap cost?

No idea about the Bluelink question you posed.

Using TrueCar price you get to $311 or the first set of numbers I gave you? He gave me $350 tax in, so that is pretty close if you are using the first numbers. I was told all of the up front fees (I will ask for them broken up) are what is increasing the cap cost because it is sign and drive.

Just wanted to see if anyone had feedback on this before I go tomorrow

Just review all the numbers carefully .. if they are rolling everything into the lease, they might try to slip in an extra fee or two.

era123

Michaell said:

era123 said:

era123 said:

Michaell said:

era123 said:

Hi guys. I'm going to lease a sonata this Friday. My top contender is the Eco w/Tech. The dealer has me at true sign and drive $350/month 39 months and 10k miles. Here is the breakdown

MSRP 28545

Residual 13416.15 (note: this seems low to me, no?)

$1000 discount

$2750 rebates

Cap cost 27,309.99

Selling car for $24,810

I didn't get the mf. I then showed them a truecar price that will get the car price down about another $1250. So that would be roughly $315ish. I thought that was a good deal but now I'm seeing references on this forum of people getting 2.0 Limited for a price similar or even lower. That car is $5k more though. So my two questions... 1) is this even possible? If so, how? 2) if not, what do people think of the deal I'm being given?

Also completely unrelated, can dealers pay for bluelink technically or no because it is signed up for on a personal credit card?

39/10 numbers on the Sonata Eco - .00014 and 54%, $2000 lease cash.

Using your MSRP and cap cost, I calculate a payment of $311/mo before tax. What's been added to the selling price to get to the cap cost?

No idea about the Bluelink question you posed.

Using TrueCar price you get to $311 or the first set of numbers I gave you? He gave me $350 tax in, so that is pretty close if you are using the first numbers. I was told all of the up front fees (I will ask for them broken up) are what is increasing the cap cost because it is sign and drive.

Just wanted to see if anyone had feedback on this before I go tomorrow

Just review all the numbers carefully .. if they are rolling everything into the lease, they might try to slip in an extra fee or two.

Sure, I guess I'm still trying to understand how people are talking about getting 2.0 Limited less than this?

blueyfish

Please provide the July MF and RV for a 2015 Sonata Limited 2.4 for a 36 month 12K miles lease. I am in Maryland. Thanks

Michaell

blueyfish said:

Please provide the July MF and RV for a 2015 Sonata Limited 2.4 for a 36 month 12K miles lease. I am in Maryland. Thanks

.00070 and 58%. $2000 lease cash

jdprusik

Looking for the August MF and residuals in New Jersey with any lease cash.
SE 36/12k
SE 36/15k
Limited 2.4 36/12k
Limited 2.4 36/15k
Sport 2.0T 36/12k
Sport 2.0T 36/15k
Sorry to ask for so much information, but we are weighing our options.

dohyund

Please provide the Aug MF and RV for a 2015 Sonata Evo base for a 36 month 12K miles lease. I am in new York City. Thanks

miadem

In addition to jdprusik's request, I'd also like to see the NJ August MF and RV for:
-Sport 36/12k
Thanks very much

kyfdx

Sorry.... no Hyundai numbers for August, yet..

ehaley1218

Still nothing for August?

kyfdx

ehaley1218 said:

Still nothing for August?

Nope.. at this point,we are hoping for September.

ehaley1218

kyfdx said:

ehaley1218 said:

Still nothing for August?

Nope.. at this point,we are hoping for September.

Maybe they're waiting for the 2016s to start showing up. I noticed some 2016 SE models showing up in the inventory at local dealerships online today.

carperso

Can kindly provide RV and MF for 36/12 and 36/15 Lease on 2015 sport 2.4 and limited 2.4 and. I am looking to close the deal this week. Thanks in advance

Michaell

carperso said:

Can kindly provide RV and MF for 36/12 and 36/15 Lease on 2015 sport 2.4 and limited 2.4 and. I am looking to close the deal this week. Thanks in advance

No Hyundai lease numbers for us to share this month, sorry.

samatlanta

I'm negotiating with dealers in Atlanta and here's what they've quoted me for 36/12:
Sport: .00002/56%
Limited: .0007/58%

I'm looking at a 2015 Sonata Limited with Tech & Ultimate for a 36/12 lease. I'd love it if someone can look at these numbers and let me know if this is a reasonable expectation!

MSRP $32,675 (-$2,070 USAA, -$2,250 Hyundai Bonus, -$750 summer sales)
Cap $27,018
MF .0007
Res 58%
Doc fee $599
Tax 7%
MONTHLY PAYMENT OF $249.10

I'm waiting on their quote but wanted to be prepared. Does this look right? Any advice? I'm wondering if they'll tell me I can't get the $2,250 bonus because it's a lease. Different dealers have told me different things.

TIA

kyfdx

samatlanta said:

I'm negotiating with dealers in Atlanta and here's what they've quoted me for 36/12:
Sport: .00002/56%
Limited: .0007/58%

I'm looking at a 2015 Sonata Limited with Tech & Ultimate for a 36/12 lease. I'd love it if someone can look at these numbers and let me know if this is a reasonable expectation!

MSRP $32,675 (-$2,070 USAA, -$2,250 Hyundai Bonus, -$750 summer sales)
Cap $27,018
MF .0007
Res 58%
Doc fee $599
Tax 7%
MONTHLY PAYMENT OF $249.10

I'm waiting on their quote but wanted to be prepared. Does this look right? Any advice? I'm wondering if they'll tell me I can't get the $2,250 bonus because it's a lease. Different dealers have told me different things.

TIA

With that MSRP and CAP, I get $256/mo.+tax.

No idea on the incentive application

nickolisbs

Hello! I am looking to lease a 2015 Limited 2.0 ultimate, what is the MF an RV for this vehicle?
Thank you!

Michaell

nickolisbs said:

Hello! I am looking to lease a 2015 Limited 2.0 ultimate, what is the MF an RV for this vehicle?
Thank you!

sorry, we don't have any lease numbers for Hyundai this month.

wineman123

do you have sept number for Sonata limited 2.4 and 2.0 36 month 12k and 15k please

tomtom20

kyfdx said:

tomtom20 said:

Need help evaluating this leasing offer in VA:

2015 Sonata Limited 2.0T
36 month/12k year

$34,625 MSRP
$27,971 Selling Price
$595 Lease Acquisition Fee

$28,566 Net Cap Cost
$19,736.25 Residual

$259.76 Month
$0 Down

Due at Signing:
Taxes + Title + $562.20 Dealer processing Fee + $810 Dest/handing Fee + First Month Payment

Thanks in advance!

Well... any price that doesn't include destination/handling is just BS.. Breaking that out separately is just a ruse to make it look cheaper. In the same manner, consider the dealer processing fee part of the price, as well.

So, you have $1372 of charges to pay upfront, that are nothing more than part of the price of the car.

.00030 MF and 56% residual. $2250 lease cash.

So, when you add the $1372 and $2250 back onto the selling price of the car, the discount from MSRP is more like $3000. Which seems pretty good, though I don't follow the market.

On the plus side, when I use the MSRP and CAP cost, and calculate the payment using the proper MF and residual, I get a payment of $269/mo., which is $10/mo. higher than their quote.. So, all is good.

If it were me, I'd roll the $1372 of upfront charges into the lease payment. That adds about $38/mo. to the payment, but lowers your OOP to just the 1st payment.

I don't see any provision for tax in any of your numbers, though.

Thanks for your help! I ended up leasing from a different dealer in MD last week that didn't charge for dest/handling separately:

2015 Sonata 2.0T Limited
36mo/12K yr

$34,680 MSRP
$30,085 Agreed Value of Vehicle
$1.122.79 Taxes
$134.50 Tags/Registration Fees
$595 Lease Acq Fee
$300 Dealer Processing Fee

$32,237 Gross Cap Cost
$2,705 Cap Cost Reduction (3K Rebate- also covered first month payment)
$29,532 Net Cap Cost
$19,420.80 Residual (56%)
$528.81 Rent Charge (0.00030 MF)

$0 Down/$0 due at Signing. First Month Payment Free.
$295 a month for remaining 35 months.
Also got free basic maintenance for life (oil changes, tire rotations, state inspections)
I think its a pretty good deal?

wineman123

for Calif

Michaell

wineman123 said:

do you have sept number for Sonata limited 2.4 and 2.0 36 month 12k and 15k please

wineman123 said:

for Calif

No Hyundai numbers for September -- yet.