Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

2016 Hyundai Elantra Lease Questions

MichaellMichaell ColoradoPosts: 110,006
edited July 2015 in Hyundai
Ask your 2016 Elantra and Elantra GT lease questions here!

Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


MODERATOR

2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

«134

Comments

  • mittencuhmittencuh Posts: 29
    Looking for the numbers for 10/36 on a base 6 speed Elantra GT. Thanks! Hopefully narrowing down my search after months of looking.
  • MichaellMichaell ColoradoPosts: 110,006
    mittencuh said:

    Looking for the numbers for 10/36 on a base 6 speed Elantra GT. Thanks! Hopefully narrowing down my search after months of looking.

    .00008 and 60%. $300 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • raloraralora Miramar, FLPosts: 188
    What are July's residual and MF for 2016 Elantra sedan Limited and Sport auto for 36mo./15k miles?
  • MichaellMichaell ColoradoPosts: 110,006
    ralora said:
    What are July's residual and MF for 2016 Elantra sedan Limited and Sport auto for 36mo./15k miles?
    Limited - .00063 and 56%

    Sport - .00116 and 57%

    $800 lease cash. 

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • raloraralora Miramar, FLPosts: 188
    Thanks!
  • wallyworld2005wallyworld2005 Posts: 6
    edited July 2015
    Hi, I am just wondering what questions we can ask here? I have questions about the lease details I was provided as well as to which credit score is pulled and used (is it a straight bureau score, or the auto enhanced scores) as I will be borderline 700 depending on which is used?

    I was looking at a low end 2016 A/T Elantra Value Edition, however, if I am better off buying more car for better residual or some other suggestion I will certainly take it.

    These are the numbers I was provided for the above model:

    MSRP $20,855
    Dealer Markdown/discount -$,1,345
    Initial Cap Cost $19,510
    Bank Fee $595
    Rebates: $1,800 (currently a Hyundai owner, summer cash promo, and lease rebate/incentives)
    Adjusted Cap: $18,305
    LEV%: 59
    Residual Value: $12,304.45
    Downpayment: $0
    Tax Rate: 6.5% (Massachusetts)
    Term: 36 months
    Mileage: 12k/year

    I was quoted approximately $212.54 (which included tax) with $880.54 due at start which included inspection, title & tags, doc fee, and first month's payment. If I reversed engineered the MF correctly that ends up at 0.00109 or roughly 2.61%.

    I was given straight 60 & 70 month finance price of $17,010 on the above vehicle (as it qualifies for an additional $700 in rebates somewhere). At a second dealer, the best finance (not lease) price I was given was roughly $500 less than the above deal, but I did not as of yet get any lease term numbers.

    Any information or help would be appreciated. Thank you in advance.
  • MichaellMichaell ColoradoPosts: 110,006

    Hi, I am just wondering what questions we can ask here? I have questions about the lease details I was provided as well as to which credit score is pulled and used (is it a straight bureau score, or the auto enhanced scores) as I will be borderline 700 depending on which is used?

    I was looking at a low end 2016 A/T Elantra Value Edition, however, if I am better off buying more car for better residual or some other suggestion I will certainly take it.

    These are the numbers I was provided for the above model:

    MSRP $20,855
    Dealer Markdown/discount -$,1,345
    Initial Cap Cost $19,510
    Bank Fee $595
    Rebates: $1,800 (currently a Hyundai owner, summer cash promo, and lease rebate/incentives)
    Adjusted Cap: $18,305
    LEV%: 59
    Residual Value: $12,304.45
    Downpayment: $0
    Tax Rate: 6.5% (Massachusetts)
    Term: 36 months
    Mileage: 12k/year

    I was quoted approximately $212.54 (which included tax) with $880.54 due at start which included inspection, title & tags, doc fee, and first month's payment. If I reversed engineered the MF correctly that ends up at 0.00109 or roughly 2.61%.

    I was given straight 60 & 70 month finance price of $17,010 on the above vehicle (as it qualifies for an additional $700 in rebates somewhere). At a second dealer, the best finance (not lease) price I was given was roughly $500 less than the above deal, but I did not as of yet get any lease term numbers.

    Any information or help would be appreciated. Thank you in advance.

    The lease numbers on the 2016 Elantra Value Edition are .00069 and 59%. Dealer can mark up the MF for more profit; looks like that's what they did here. $800 lease cash is also available.

    With your MSRP and adjusted cap cost, I get a payment of $200/mo after tax. So, the marked up MF is costing you about $12.50/mo or $450 over the life of the lease.

    You might check with other dealers to see if you can get more of a discount from sticker before the incentives are applied.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks very much. I believe that the $800 lease cash is part of the $1800 listed as rebates/incentives. $500 each for hyundai owner and summer cash promo and $800 lease (I think that goes to $1500 for buying).

    Your advice about discount from the sticker before the incentives is what I got at Dealer B where I got the buy price to $19,000 ($16,500 after buy incentives) which is basically $500 lower that the dealer that quoted me the numbers above.

    I do understand that the dealers have the ability to hide more money within the deal on a lease and as you have pointed out it appears that they have done that. Can you provide any other tips for negotiating the best deal? Is there any rough guideline of how far they will drop the price down of the MSRP sticker they will go or do I just keep haggling back and forth between dealers?

    I also had the question about which score/bureau is used and whether or not it was straight bureau or the auto enhanced version.

    Thanks again!
  • MichaellMichaell ColoradoPosts: 110,006

    Thanks very much. I believe that the $800 lease cash is part of the $1800 listed as rebates/incentives. $500 each for hyundai owner and summer cash promo and $800 lease (I think that goes to $1500 for buying).

    Your advice about discount from the sticker before the incentives is what I got at Dealer B where I got the buy price to $19,000 ($16,500 after buy incentives) which is basically $500 lower that the dealer that quoted me the numbers above.

    I do understand that the dealers have the ability to hide more money within the deal on a lease and as you have pointed out it appears that they have done that. Can you provide any other tips for negotiating the best deal? Is there any rough guideline of how far they will drop the price down of the MSRP sticker they will go or do I just keep haggling back and forth between dealers?

    I also had the question about which score/bureau is used and whether or not it was straight bureau or the auto enhanced version.

    Thanks again!

    We don't track selling prices - use the "make / model / year" pull downs at the top of the page to help get the best pricing.

    Getting multiple dealers involved will help you get the best price.

    Don't know the answer to the credit score question.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • thank you for all the detailed information it made the negotiation process much easier when they know that I know a good portion of their numbers. 

    I had been considering a 3 year lease but what I never thought to ask was if there is any sort of sweet spot in lease length?  Should I consider a 2 year lease instead, or will the eventual payment numbers be relatively the same regardless of the term length (I do understand that the ELV% and MF may and should change). Nothing says I absolutely MUST lease for 3 years which is why I am asking. 
  • MichaellMichaell ColoradoPosts: 110,006

    thank you for all the detailed information it made the negotiation process much easier when they know that I know a good portion of their numbers. 

    I had been considering a 3 year lease but what I never thought to ask was if there is any sort of sweet spot in lease length?  Should I consider a 2 year lease instead, or will the eventual payment numbers be relatively the same regardless of the term length (I do understand that the ELV% and MF may and should change). Nothing says I absolutely MUST lease for 3 years which is why I am asking. 

    Most lease sweet spots are at 36 months; occasionally we'll see favorable MF or residual values for a 24 month lease (Nissan Leaf, for example), or 39 months (some Chrysler products in the past few months).

    It all depends on the car and the trim level; as noted, you'd have to run both sets of numbers to see which lease length makes the most sense.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Ok, can you please provide the numbers on 24, and 39 months for a base Elantra with the value package and auto transmission?

    On this specific car, I got 1 dealer down to $197/month including tax with $867 out of pocket (which covers first month payment, tags, title, inspection, and $498 doc fee) for a 12k/36 month deal which includes the first months payment on an MSRP of $20855 with the $1800 incentives.  They said they are making $200 on the car total at that point as they have said they included the dealer cash and the holdback in the deal. I don't know if that is true or not...

    The second dealer offered $189/month including taxes with $0 out of pocket making it a true sign and drive deal on a $20,885 MSRP on a 12k/36month deal. This dealer said they are losing money on the deal by covering the fees (tag, title, inspection and no doc fee). 

    Dealer 1 said they couldn't touch Dealer 2 pricing and said if that is the true deal I am getting it is a good deal.  Your thoughts?

    Thank you again
  • kyfdxkyfdx Posts: 119,727

    Ok, can you please provide the numbers on 24, and 39 months for a base Elantra with the value package and auto transmission?

    On this specific car, I got 1 dealer down to $197/month including tax with $867 out of pocket (which covers first month payment, tags, title, inspection, and $498 doc fee) for a 12k/36 month deal which includes the first months payment on an MSRP of $20855 with the $1800 incentives.  They said they are making $200 on the car total at that point as they have said they included the dealer cash and the holdback in the deal. I don't know if that is true or not...

    The second dealer offered $189/month including taxes with $0 out of pocket making it a true sign and drive deal on a $20,885 MSRP on a 12k/36month deal. This dealer said they are losing money on the deal by covering the fees (tag, title, inspection and no doc fee). 

    Dealer 1 said they couldn't touch Dealer 2 pricing and said if that is the true deal I am getting it is a good deal.  Your thoughts?

    Thank you again

    Don't see a 24 month program for the Elantra

    2016 Elantra SE automatic. 39 mo, 12K/yr. .00057 MF and 56% residual. $800 lease cash.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you. I signed the lease this morning 12k/36 with $900 out of pocket (doc fee, 1st month, tags and title) on an MSRP of $20855. My payment with MA taxes comes to $189.11. 
  • MichaellMichaell ColoradoPosts: 110,006

    Thank you. I signed the lease this morning 12k/36 with $900 out of pocket (doc fee, 1st month, tags and title) on an MSRP of $20855. My payment with MA taxes comes to $189.11. 

    Congrats! Enjoy the new Elantra!

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Residual and money factor on Elantra limited with navi for 36/12 in NJ...?

    thanks!
  • kyfdxkyfdx Posts: 119,727
    namkur said:

    Residual and money factor on Elantra limited with navi for 36/12 in NJ...?

    thanks!

    Sorry...no Hyundai information available to us.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Do you guys have MF/LC/RV for SE and Sport both manual? Looking for 36/12 lease in MO. Thank you
  • MichaellMichaell ColoradoPosts: 110,006
    moonwoo said:

    Do you guys have MF/LC/RV for SE and Sport both manual? Looking for 36/12 lease in MO. Thank you

    36/12 numbers:

    2016 Elantra SE MT - .00021 and 55%. $1000 lease cash

    2016 Elantra Sport MT - .00078 and 58%. $800 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Sounds good. Thank you for posting.
  • moonwoomoonwoo Posts: 54
    Have the numbers changed on the Elantras? If so, could I get numbers for 12000/36 for SE manual and GT manual? Thanks again.
  • MichaellMichaell ColoradoPosts: 110,006
    moonwoo said:

    Have the numbers changed on the Elantras? If so, could I get numbers for 12000/36 for SE manual and GT manual? Thanks again.

    No Hyundai numbers this month, sorry.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • moonwoomoonwoo Posts: 54
    Gotcha. Thank you for the reply
  • Hi, Can someone plz provide me MF and RV for 2015 Hyundai Elantra 4dr Auto SE in NJ for current month... Also, is there any discounts going around on the price (Lease cash or bonus) and what is the criteria to qualify for that... Appreciate your help... Thanks in advance...
  • sorry forgot to add that I am looking for 12k miles 36 months
  • kyfdxkyfdx Posts: 119,727

    Hi, Can someone plz provide me MF and RV for 2015 Hyundai Elantra 4dr Auto SE in NJ for current month... Also, is there any discounts going around on the price (Lease cash or bonus) and what is the criteria to qualify for that... Appreciate your help... Thanks in advance...

    Sorry, we didn't get the Hyundai lease numbers, this month.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 110,006
    moonwoo said:

    Have the numbers changed on the Elantras? If so, could I get numbers for 12000/36 for SE manual and GT manual? Thanks again.

    SE Manual - .00027 and 55%. $1500 lease cash

    GT Manual - .00033 and 58%. $1250 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 110,006

    Hi, Can someone plz provide me MF and RV for 2015 Hyundai Elantra 4dr Auto SE in NJ for current month... Also, is there any discounts going around on the price (Lease cash or bonus) and what is the criteria to qualify for that... Appreciate your help... Thanks in advance...

    sorry forgot to add that I am looking for 12k miles 36 months

    .00035 and 56%. $1500 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • khuzbuzkhuzbuz Posts: 45
    Hello I'm looking to lease an Elantra in Maryland. Please provide the relevant lease details for a 36month/15k miles per year.

    2015
    Elantra Sport
    SE with Value Edition

    2016
    Elantra Sport
    SE with Value Edition
  • MichaellMichaell ColoradoPosts: 110,006
    khuzbuz said:

    Hello I'm looking to lease an Elantra in Maryland. Please provide the relevant lease details for a 36month/15k miles per year.

    2015
    Elantra Sport
    SE with Value Edition

    2016
    Elantra Sport
    SE with Value Edition

    2016 Sport - .00092 and 56%
    2016 SE - .00035 and 54%
    $1500 lease cash

    2015 Sport - .00093 and 54%
    2015 SE - .00021 and 52%
    $3000 lease cash

    Assuming automatic transmission for all.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.