2016 Hyundai Tucson Lease Questions

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  • crayzlikethatcrayzlikethat Member Posts: 6
    I see on the Hyundai site there is a deal for 24 months on this Tucson, does that make a 24 month similar price to a 36? Also does that deal apply to all the trims? I'm trying to get 24 or 36 with 18,000 miles a year on the Sport of Limited in Orlando, FL. Also one dealer told me they would put me at 15,000 lease and write it in to the contract that as long as I got another vehicle from Hyundai at the end of the lease they would not charge me for the mileage, has anyone ever heard of this?
  • MichaellMichaell Moderator Posts: 263,360

    I see on the Hyundai site there is a deal for 24 months on this Tucson, does that make a 24 month similar price to a 36? Also does that deal apply to all the trims? I'm trying to get 24 or 36 with 18,000 miles a year on the Sport of Limited in Orlando, FL. Also one dealer told me they would put me at 15,000 lease and write it in to the contract that as long as I got another vehicle from Hyundai at the end of the lease they would not charge me for the mileage, has anyone ever heard of this?

    You'd have to run the numbers to see if a 24 month term is better than 36.

    All trims are eligible for 24 month terms this month.

    Extra miles are generally deducted from the 15k residual on a per mile basis.

    If it were me, I'd be leery of a deal where extra miles are "forgiven" if a new lease is established. What happens if your ownership experience is so poor that you don't want to get into another Hyundai? You'd then be on the hook for the mileage charge.

    Dealers will do or say almost anything to get you to sign a deal.

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  • newlease3newlease3 Member Posts: 9
    Is this a good deal?
    36 month/10k miles, 0 down
    2016 Tuscon Ltd with ultimate package. Bought in Massachussets but NYC resident for taxes.
    MSRP: 35,365
    cap cost: 30,550 +sales tax $1,094.75+dealer/state fees $474=total price of 32,118.45
    RV: 59%
    MF: .00088
    lease: $392.92/mo.

    only other fee is $400 disposition fee.

    thoughts?
  • slickmcfavorteslickmcfavorte Member Posts: 15
    Took delivery on a silver FWD Eco at 36/15 this morning (in FL). For background, I've used a lease broker for my last few cars. After finding these forums and reading up more on leases a few months ago, I realize I could probably do a bit better if I negotiated with the dealer myself, but going through the broker eliminates all the headaches of actually having to make any contact with dealers, which I've come to value highly.

    Didn't do as well as maverick on his Eco, but still pretty happy with the deal overall:

    Gross cap: 25,435
    Cap cost reduction: 2250 (1k Uber + 750 lease cash + 500 loyalty)
    Adj. cap cost: 23,185
    Residual: 14,346
    Depreciation: 8,838
    Rent charge: 540
    Lease payment: 9,378
    Monthly: 260 + tax




  • MichaellMichaell Moderator Posts: 263,360
    newlease3 said:

    Is this a good deal?
    36 month/10k miles, 0 down
    2016 Tuscon Ltd with ultimate package. Bought in Massachussets but NYC resident for taxes.
    MSRP: 35,365
    cap cost: 30,550 +sales tax $1,094.75+dealer/state fees $474=total price of 32,118.45
    RV: 59%
    MF: .00088
    lease: $392.92/mo.

    only other fee is $400 disposition fee.

    thoughts?

    I get $359/mo with those numbers. I confirm the MF and residual, so the total price must be different.

    Confirm the adjusted cap cost with the dealer; I don't see the bank fee of $595 mentioned anywhere.

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  • newlease3newlease3 Member Posts: 9
    Thanks Michael. They listed it separately from the cap cost but said about $1,250 in drive off fees, so I guess that accounts for the discrepancy and the $392.92/month. 

    Good deal?
  • AlexMMAlexMM Member Posts: 170
    It is good if they put it in writing, because While I was signing my Paperworks another customer wanted to lease her car and she drove 132K and she allowed 45K.
    she mentioned manager told her she can Drive as much as I she like , but they want to charge her , it was almost $16K for extra Mile and the interesting part was she wanted to lease another car with all of these Neg Equity , I overheard what she talk but She wanted to lease again with NEG Equity which didn't make sense since I think she lose less money if she purchase /trade in that car.
    but be careful , you hear a lots of Word from Dealers , but when you read the HMF contract it has everything listed for Extra millage and ETC.


    \

    I see on the Hyundai site there is a deal for 24 months on this Tucson, does that make a 24 month similar price to a 36? Also does that deal apply to all the trims? I'm trying to get 24 or 36 with 18,000 miles a year on the Sport of Limited in Orlando, FL. Also one dealer told me they would put me at 15,000 lease and write it in to the contract that as long as I got another vehicle from Hyundai at the end of the lease they would not charge me for the mileage, has anyone ever heard of this?

  • borafsarborafsar Member Posts: 54
    Hi, can I please get the 24mo/15k numbers for the AWD Sport and Limited in Colorado? Is there a $1000 lease cash for 24 month term?
  • kyfdxkyfdx Moderator Posts: 267,144
    borafsar said:

    Hi, can I please get the 24mo/15k numbers for the AWD Sport and Limited in Colorado? Is there a $1000 lease cash for 24 month term?

    Sport: .00029 MF and 62% residual. $1000 lease cash
    Limited: 61% residual

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  • zonaguy1zonaguy1 Member Posts: 16
    Could I get the numbers for a Limited, 36k/10k in turnersville, nj? Thanks!
  • zonaguy1zonaguy1 Member Posts: 16
    ^^awd
  • MichaellMichaell Moderator Posts: 263,360
    zonaguy1 said:

    Could I get the numbers for a Limited, 36k/10k in turnersville, nj? Thanks!

    FWD or AWD?

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  • zonaguy1zonaguy1 Member Posts: 16
    Michaell said:

    zonaguy1 said:

    Could I get the numbers for a Limited, 36k/10k in turnersville, nj? Thanks!

    FWD or AWD?
    AWD
  • ppabs10ppabs10 Member Posts: 1
    Is this a good deal? What is the residual value and MF?
    36 month/15k miles, 0 down
    2016 Tuscon Ltd AWD with ultimate package. Bought in Albany, NY.
    MSRP: 35,500
    Incentives: $1,750
    Current vehicle value: $13,500
    Amount owed on vehicle $5,900
    Rolled difference into lease
    Lease: $275/mo.
  • MichaellMichaell Moderator Posts: 263,360
    ppabs10 said:

    Is this a good deal? What is the residual value and MF?
    36 month/15k miles, 0 down
    2016 Tuscon Ltd AWD with ultimate package. Bought in Albany, NY.
    MSRP: 35,500
    Incentives: $1,750
    Current vehicle value: $13,500
    Amount owed on vehicle $5,900
    Rolled difference into lease
    Lease: $275/mo.

    What is the adjusted cap cost?

    What is the trade equity being used for?

    .00088 and 56% for 36/15. $750 lease cash.

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  • MichaellMichaell Moderator Posts: 263,360
    zonaguy1 said:

    Michaell said:

    zonaguy1 said:

    Could I get the numbers for a Limited, 36k/10k in turnersville, nj? Thanks!

    FWD or AWD?
    AWD
    .00088 and 59%. $750 lease cash

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  • mwahlertmwahlert Member Posts: 109
    Can I please get the following numbers:

    2016 Limited

    FWD/AWD

    24mth - 10k/12k/15k
    36mth - 10k/12k/15k

    Any lease cash?

    Thanks.
  • MichaellMichaell Moderator Posts: 263,360
    mwahlert said:

    Can I please get the following numbers:

    2016 Limited

    FWD/AWD

    24mth - 10k/12k/15k
    36mth - 10k/12k/15k

    Any lease cash?

    Thanks.

    Limited FWD
    24 month - .00059 and 64% / 63% / 61%. $1000 lease cash
    36 month - .00071 and 57% / 56% / 54%. $750 lease cash

    Limited AWD
    24 month - .00029 and 64% / 63% / 61%. $1000 lease cash
    36 month - .00088 and 59% / 58% / 56%. $750 lease cash

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  • zonaguy1zonaguy1 Member Posts: 16
    This may be a silly question, but for Hyundai's $500 owner incentive, would that apply to people currently leasing a Hyundai or is strictly people who purchased a Hyundai?
  • MichaellMichaell Moderator Posts: 263,360
    zonaguy1 said:

    This may be a silly question, but for Hyundai's $500 owner incentive, would that apply to people currently leasing a Hyundai or is strictly people who purchased a Hyundai?

    My guess is that it is a loyalty incentive, meaning you must already have a Hyundai registered to someone who lives at the address you are using for your transaction.

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  • newtoleases1newtoleases1 Member Posts: 11
    Hi can I get the MF, Residual, and incentives for 2016 Tucson Sport 2WD for 24/10, 36/10, 24/12, and 36/12? Location is St. Louis, MO 63101 THANKS!!!
  • MichaellMichaell Moderator Posts: 263,360

    Hi can I get the MF, Residual, and incentives for 2016 Tucson Sport 2WD for 24/10, 36/10, 24/12, and 36/12? Location is St. Louis, MO 63101 THANKS!!!

    24/12 - .00048 and 64%. $1000 lease cash
    36/12 - .00078 and 57%. $750 lease cash

    Add 1% for 10K

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  • zonaguy1zonaguy1 Member Posts: 16
    edited August 2016
    Any August update for 2016 Tucson Limited, AWD for 36/10. And would 39/10 make a difference for the residual? Turnersville, NJ.
  • MichaellMichaell Moderator Posts: 263,360
    zonaguy1 said:

    Any August update for 2016 Tucson Limited, AWD for 36/10. And would 39/10 make a difference for the residual? Turnersville, NJ.

    36/10 - .00088 and 59%
    39/10 - .00120 and 54%

    $750 lease cash

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  • northstar23northstar23 Member Posts: 4
    We're negotiating with a dealer on the lease of a 2016 Tucson Limited AWD. For a 36/15k lease the dealer is claiming Hyundai Motor Financing is charging a money factor of .00128 and they have no way to lower that rate.

    From what I've seen here the money factor for a 36/15k lease should be .00088. Is it safe to assume the dealer is marking up the money factor?
  • MichaellMichaell Moderator Posts: 263,360

    We're negotiating with a dealer on the lease of a 2016 Tucson Limited AWD. For a 36/15k lease the dealer is claiming Hyundai Motor Financing is charging a money factor of .00128 and they have no way to lower that rate.

    From what I've seen here the money factor for a 36/15k lease should be .00088. Is it safe to assume the dealer is marking up the money factor?

    Limited AWD numbers are .00088 and 56%.

    Dealer can mark up the MF .00040. Do the math. :wink:

    Be polite and inform them you won't sign a deal with an inflated MF; they know what the base rate is. And, reach out to other dealers. Only takes one to meet your terms.

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  • inadnptinadnpt Member Posts: 28
    Hello I need help figuring out if this makes any sense...

    Rhode Island
    2016 Tucson AWD Limited with Unlimited Package
    10k miles / 36 mo
    MSRP: $35,845


    Initial Offer:
    Selling Price: $31,600
    RV: 20,750.30
    Rebates: $750
    Cash Upfront: $0
    $397.45 per month including tax and registration

    My credit is not great so once they ran my credit the interest rate increased. (Expected). The money factor was increased to .00188. I asked the dealership to run the numbers and tell me how much money down would maintain my monthly payments under $400 and they came up with $2,000. However I am not sure the numbers name sense...I am not sure if I am misscalculating something but I am under the impression than the numbers where inflated somewhere else.

    This is the breakdown they are giving me:

    MSRP: $35,845
    Price: $32,700
    Cap Red: $1273.23
    MF: .00188
    RV: 59%
    Rebate: 1250.00
    Tax: 114.88
    Fee$/Lessor: $344
    Cash Upfront: $2,000
    $393.64

    I did my calculations and was hoping to get to $395 with the higher interest rate by putting $1,000 upfront...

    Thank in advance for your help!
  • kyfdxkyfdx Moderator Posts: 267,144
    inadnpt said:

    Hello I need help figuring out if this makes any sense...

    Rhode Island
    2016 Tucson AWD Limited with Unlimited Package
    10k miles / 36 mo
    MSRP: $35,845


    Initial Offer:
    Selling Price: $31,600
    RV: 20,750.30
    Rebates: $750
    Cash Upfront: $0
    $397.45 per month including tax and registration

    My credit is not great so once they ran my credit the interest rate increased. (Expected). The money factor was increased to .00188. I asked the dealership to run the numbers and tell me how much money down would maintain my monthly payments under $400 and they came up with $2,000. However I am not sure the numbers name sense...I am not sure if I am misscalculating something but I am under the impression than the numbers where inflated somewhere else.

    This is the breakdown they are giving me:

    MSRP: $35,845
    Price: $32,700
    Cap Red: $1273.23
    MF: .00188
    RV: 59%
    Rebate: 1250.00
    Tax: 114.88
    Fee$/Lessor: $344
    Cash Upfront: $2,000
    $393.64

    I did my calculations and was hoping to get to $395 with the higher interest rate by putting $1,000 upfront...

    Thank in advance for your help!

    Residual is 59%. For the residual to be the dollar amount you gave, then the MSRP has to be $35,170, not $35,845.

    .00188 is the correct MF for Tier 5, which is two steps below the best rate of .00088.
    You have a lot of numbers, but it isn't exactly clear what is in the CAP cost and what isn't. Do you have the adjusted CAP cost?

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  • newlease3newlease3 Member Posts: 9
    Help! Does this make sense and is it a good deal?

    Massachusetts (but NYC resident)
    2016 Tucson AWD Limited with Unlimited Package (and cargo cover, mats and cargo tray)
    10k miles / 36 mo
    MSRP: $35,365
    Selling Price:$32,200
    Incentives: $1,650 ($750 lease cash, $500 summer sales cash, $400 graduation)
    Cap cost: $30,550
    Sales tax: $1094.45
    Dealer/state fees: $474
    Total price: $32,118.45
    Net residual: $22,279

    Lease is $392.92/month
    Quoting RV of 59% and MF of .00088

    Do these numbers add up?
    Are there any other incentives out there they are not applying?
    Does this sound like a good deal?
    Thanks so much!

  • MichaellMichaell Moderator Posts: 263,360
    newlease3 said:

    Help! Does this make sense and is it a good deal?

    Massachusetts (but NYC resident)
    2016 Tucson AWD Limited with Unlimited Package (and cargo cover, mats and cargo tray)
    10k miles / 36 mo
    MSRP: $35,365
    Selling Price:$32,200
    Incentives: $1,650 ($750 lease cash, $500 summer sales cash, $400 graduation)
    Cap cost: $30,550
    Sales tax: $1094.45
    Dealer/state fees: $474
    Total price: $32,118.45
    Net residual: $22,279

    Lease is $392.92/month
    Quoting RV of 59% and MF of .00088

    Do these numbers add up?
    Are there any other incentives out there they are not applying?
    Does this sound like a good deal?
    Thanks so much!

    Using the MSRP and total price, I get $359/mo. How much are you giving them at signing, if anything?

    59% of $35,365 is $20,865, not $22,279.

    The only incentive we know of is the $750 lease cash.

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  • newlease3newlease3 Member Posts: 9
    Thanks so much. They also mentioned $1,250 in drive off fees. Did not break down what those were, but they keep saying those are rolled into the monthly payments and nothing due at signing.

    I am presuming acquisition fee and possibly some other fees?

    That said, the $393 seems to be a good price based on what others have indicated for a comparable model and features, no?
  • MichaellMichaell Moderator Posts: 263,360
    newlease3 said:

    Thanks so much. They also mentioned $1,250 in drive off fees. Did not break down what those were, but they keep saying those are rolled into the monthly payments and nothing due at signing.

    I am presuming acquisition fee and possibly some other fees?

    That said, the $393 seems to be a good price based on what others have indicated for a comparable model and features, no?

    I would ask for the breakdown of the fees. Yes, acquisition fee is included, but could also be junk fees from the dealer.

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  • inadnptinadnpt Member Posts: 28
    kyfdx said:

    inadnpt said:

    Hello I need help figuring out if this makes any sense...

    Rhode Island
    2016 Tucson AWD Limited with Unlimited Package
    10k miles / 36 mo
    MSRP: $35,845


    Initial Offer:
    Selling Price: $31,600
    RV: 20,750.30
    Rebates: $750
    Cash Upfront: $0
    $397.45 per month including tax and registration

    My credit is not great so once they ran my credit the interest rate increased. (Expected). The money factor was increased to .00188. I asked the dealership to run the numbers and tell me how much money down would maintain my monthly payments under $400 and they came up with $2,000. However I am not sure the numbers name sense...I am not sure if I am misscalculating something but I am under the impression than the numbers where inflated somewhere else.

    This is the breakdown they are giving me:

    MSRP: $35,845
    Price: $32,700
    Cap Red: $1273.23
    MF: .00188
    RV: 59%
    Rebate: 1250.00
    Tax: 114.88
    Fee$/Lessor: $344
    Cash Upfront: $2,000
    $393.64

    I did my calculations and was hoping to get to $395 with the higher interest rate by putting $1,000 upfront...

    Thank in advance for your help!

    Residual is 59%. For the residual to be the dollar amount you gave, then the MSRP has to be $35,170, not $35,845.

    .00188 is the correct MF for Tier 5, which is two steps below the best rate of .00088.
    You have a lot of numbers, but it isn't exactly clear what is in the CAP cost and what isn't. Do you have the adjusted CAP cost?
    --- In theory, if they sustained their number the Adjusted CAP Cost should be 31,600
  • inadnptinadnpt Member Posts: 28
    edited August 2016
    inadnpt said:

    kyfdx said:

    inadnpt said:

    Hello I need help figuring out if this makes any sense...

    Rhode Island
    2016 Tucson AWD Limited with Unlimited Package
    10k miles / 36 mo
    MSRP: $35,845


    Initial Offer:
    Selling Price: $31,600
    RV: 20,750.30
    Rebates: $750
    Cash Upfront: $0
    $397.45 per month including tax and registration

    My credit is not great so once they ran my credit the interest rate increased. (Expected). The money factor was increased to .00188. I asked the dealership to run the numbers and tell me how much money down would maintain my monthly payments under $400 and they came up with $2,000. However I am not sure the numbers name sense...I am not sure if I am misscalculating something but I am under the impression than the numbers where inflated somewhere else.

    This is the breakdown they are giving me:

    MSRP: $35,845
    Price: $32,700
    Cap Red: $1273.23
    MF: .00188
    RV: 59%
    Rebate: 1250.00
    Tax: 114.88
    Fee$/Lessor: $344
    Cash Upfront: $2,000
    $393.64

    I did my calculations and was hoping to get to $395 with the higher interest rate by putting $1,000 upfront...

    Thank in advance for your help!

    Residual is 59%. For the residual to be the dollar amount you gave, then the MSRP has to be $35,170, not $35,845.

    .00188 is the correct MF for Tier 5, which is two steps below the best rate of .00088.
    You have a lot of numbers, but it isn't exactly clear what is in the CAP cost and what isn't. Do you have the adjusted CAP cost?
    --- In theory, if they sustained their number the Adjusted CAP Cost should be 31,600
    Hmmm I am not sure now...do rebates go towards the Adjusted CAP? Their numbers were Sale Price: $31,600 Rebate: $750

    Now I am really confused...I'm attaching an image of of the breakdown they are giving with the higher interest rate.

    .
  • kyfdxkyfdx Moderator Posts: 267,144
    @inadnpt They do make it hard to follow. Seems like there should be more to that screenshot.

    There should be a final adjusted CAP cost, and I don't see it.

    Also, does RI tax the monthly payment? If so, we should see a base payment + monthly tax somewhere.

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  • newlease3newlease3 Member Posts: 9
    Hi Michael,

    to to respond to your question to me, the cost changed a bit as they had to find the limited with ultimate in ruby wine and came with certain extra equipment. MSRP is 35,710 and agreed upon 32,600. comes to 393.73/month. Have 1650 in incentives but they are applying it to first months payment and something called a tax on red (they said something specific to New York) so contract shows cap cost reduction as 1149.27. Does that make sense? Seems shady as that will impact costs.

    other fees are 250 for title and registration, 595 acquisition fee and 299 doc fee. Are these all legit?
  • MichaellMichaell Moderator Posts: 263,360
    newlease3 said:

    Hi Michael,

    to to respond to your question to me, the cost changed a bit as they had to find the limited with ultimate in ruby wine and came with certain extra equipment. MSRP is 35,710 and agreed upon 32,600. comes to 393.73/month. Have 1650 in incentives but they are applying it to first months payment and something called a tax on red (they said something specific to New York) so contract shows cap cost reduction as 1149.27. Does that make sense? Seems shady as that will impact costs.

    other fees are 250 for title and registration, 595 acquisition fee and 299 doc fee. Are these all legit?

    NY calculates the sales tax against the sum of the payments, and collects that amount up front. You can use the incentives to cover that amount, along with the other up front costs (all of which are legit, BTW).

    The number we need is the adjusted cap cost, which is the agreed upon selling price plus any taxes or fees you are not paying up front.

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  • newlease3newlease3 Member Posts: 9
    Also, how do I confirm the interest rate I was actually charged on the contract? We are Tier 1, so want to make sure it was using the .0088 MF I was quoted.
  • MichaellMichaell Moderator Posts: 263,360
    newlease3 said:

    Also, how do I confirm the interest rate I was actually charged on the contract? We are Tier 1, so want to make sure it was using the .0088 MF I was quoted.

    The MF is rarely disclosed on a contract .. you'll have to take the MSRP, adjusted cap cost, residual and lease term and plug them into your own calculator with the base MF to see if your payment matches what the dealer is showing.

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  • newlease3newlease3 Member Posts: 9
    Thanks. Adjusted cap cost is 33849.17. They have the gross cap cost as 34998.44 which is the 32600 plus the taxes and fees I mentioned which are all rolled into the monthly.

    that is where I am confused. How can I have 1650 in rebates but only list 1149.27 as my cap cost reduction?
  • newlease3newlease3 Member Posts: 9
    As to MF, doing the calculation seems to be $47/mo if I am computing correctly. Is that the same thing as a rent charge?
  • rockets2rockets2 Member Posts: 2
    Hi. What's the MF and residual for 2016 limited AWD, 36/10 and 36/12, in 07866 (NJ)?.
  • kyfdxkyfdx Moderator Posts: 267,144
    newlease3 said:

    Thanks. Adjusted cap cost is 33849.17. They have the gross cap cost as 34998.44 which is the 32600 plus the taxes and fees I mentioned which are all rolled into the monthly.

    that is where I am confused. How can I have 1650 in rebates but only list 1149.27 as my cap cost reduction?

    Amounts paid upfront are taxed upfront. So, any CAP cost reduction or rebate is taxed. Also, acquisition fees, etc. (except for non-taxable amounts like title and registration).

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  • realist718realist718 Member Posts: 1
    Hi guys, I'm negotiating a lease in the New York Tri State Area for a 2016 Tucson Limited AWD with Ultimate package. What are the RV and MF for a 36/12k lease for August for my area? Thanks!
  • MichaellMichaell Moderator Posts: 263,360

    Hi guys, I'm negotiating a lease in the New York Tri State Area for a 2016 Tucson Limited AWD with Ultimate package. What are the RV and MF for a 36/12k lease for August for my area? Thanks!

    .00088 and 58%. $750 lease cash.

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  • aztutezaztutez Member Posts: 1
    Hi All,
    Could you please help with the RV and MF for a 36/12K lease for August in 30041 (GA) for a 2016 Tuscon Limited (FWD) with Ultimate Package and also one without Ultimate package? Thanks
  • kyfdxkyfdx Moderator Posts: 267,144
    aztutez said:

    Hi All,
    Could you please help with the RV and MF for a 36/12K lease for August in 30041 (GA) for a 2016 Tuscon Limited (FWD) with Ultimate Package and also one without Ultimate package? Thanks

    .00071 MF and 56% residual. $750 lease cash.

    Ultimate package has no effect on numbers.

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  • guitartoysguitartoys Member Posts: 16
    Just thought I would post the deal I got last night.

    Kinda of pissed that I didn't pay attention to the $400 turn in fee, but I intend to buy it at the end of the lease.

    Hyundai Limited AWD
    Ultimate Package
    Carpeted Floor Mats
    Cargo Net
    Cargo Tray
    Cargo Cover
    Roof Rack Cross Rails
    Wheel Locks

    MSRP $35,715
    10K miles per year (I work close to home)
    Money Factor: .00088
    Residual: 59%
    Acquisition Fee: $595
    Their stupid Doc Fee: $689.20
    Tax $1,372.56
    Registration: $62.75
    GROSS Cap Cost $36,179.52
    Agreed cost of car: $33,460.01, Then an additional cap cost reduction of $4,258 (so on to of the $2,750 in rebates, I got $1,508 off of the list) for an adjusted cap cost of $31,921.52

    Rebates:
    Lease Cash: $750
    Veterans: $500
    Summer: $500
    Retail: $500
    Value Customer: $500
    Total $2,750

    My monthly payment is $348
    I paid $1,856.00 for taxes, tags, etc.

    But all told, this seems to be a good deal. Is it?

    Thanks.

    M



  • MichaellMichaell Moderator Posts: 263,360

    Just thought I would post the deal I got last night.

    Kinda of pissed that I didn't pay attention to the $400 turn in fee, but I intend to buy it at the end of the lease.

    Hyundai Limited AWD
    Ultimate Package
    Carpeted Floor Mats
    Cargo Net
    Cargo Tray
    Cargo Cover
    Roof Rack Cross Rails
    Wheel Locks

    MSRP $35,715
    10K miles per year (I work close to home)
    Money Factor: .00088
    Residual: 59%
    Acquisition Fee: $595
    Their stupid Doc Fee: $689.20
    Tax $1,372.56
    Registration: $62.75
    GROSS Cap Cost $36,179.52
    Agreed cost of car: $33,460.01, Then an additional cap cost reduction of $4,258 (so on to of the $2,750 in rebates, I got $1,508 off of the list) for an adjusted cap cost of $31,921.52

    Rebates:
    Lease Cash: $750
    Veterans: $500
    Summer: $500
    Retail: $500
    Value Customer: $500
    Total $2,750

    My monthly payment is $348
    I paid $1,856.00 for taxes, tags, etc.

    But all told, this seems to be a good deal. Is it?

    Thanks.

    M

    Relative to MSRP, I think you did fine.

    And, all leases have a disposition fee - but you only pay it if you turn the car in at the end of the lease.

    I just traded my Hyundai lease two months early for a VW - no disposition fee.

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  • dtwtodfwdtwtodfw Member Posts: 5

    Hi. What in the MF and residual for 2016 Sport FWD, 36/12 and 36/15, in 76012 (TX)?.

    Also, what is the credit tier breakdown for HMF?
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