2016 Hyundai Sonata Lease Questions

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  • kyfdxkyfdx Moderator Posts: 191,535
    m3zd32016 said:

    Hello,

    What is the MF and resid for a sport 2.4 in PA 36/12?

    Thanks!

    .00055 MF and 53% residual. $2000 lease cash

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  • itzzsanjayitzzsanjay Member Posts: 60
    Could I please have the numbers for a limited non turbo and turbo not limited 36 MO 12k and 10k in Florida please. 
  • MichaellMichaell ColoradoModerator Posts: 186,797

    Could I please have the numbers for a limited non turbo and turbo not limited 36 MO 12k and 10k in Florida please. 

    36/12 numbers

    Limited 2.4 - .00087 and 56%
    Sport 2.0T - .00073 and 52%

    $2000 lease cash for both. Add 1% for 10k

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  • itzzsanjayitzzsanjay Member Posts: 60
    Could I get the same numbers for Queens,  NY? 
    Thanks, 
    Sanjay 
  • MichaellMichaell ColoradoModerator Posts: 186,797

    Could I get the same numbers for Queens,  NY? 
    Thanks, 
    Sanjay 

    Hyundai numbers are national.

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  • itzzsanjayitzzsanjay Member Posts: 60
    edited March 2016
    Thanks!
  • hudz2015hudz2015 Member Posts: 68
    What is the money factor and residual for hybrid limited and se 3/36?
  • MichaellMichaell ColoradoModerator Posts: 186,797
    hudz2015 said:

    What is the money factor and residual for hybrid limited and se 3/36?

    SE - .00077 and 56%. $2000 lease cash
    Hybrid Limited - .00125 and 51%. $2500 lease cash.

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  • johndorfjohndorf Member Posts: 6
    Hi,
    Currently trying to negotiate a 2016 Sonata SE lease in PA. So far have 2 offers at 206 and 208 a month with $0 down for 36 months and 12K miles. Any thoughts as to if this is a good deal. The MF is 0.00105 and residual is 56%.
    Thank You
  • kyfdxkyfdx Moderator Posts: 191,535
    johndorf said:

    Hi,
    Currently trying to negotiate a 2016 Sonata SE lease in PA. So far have 2 offers at 206 and 208 a month with $0 down for 36 months and 12K miles. Any thoughts as to if this is a good deal. The MF is 0.00105 and residual is 56%.
    Thank You

    We show the base rate as .00077 MF and 56% residual. $2000 lease cash.

    What is the MSRP and selling price/CAP cost?

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  • johndorfjohndorf Member Posts: 6
    They told me the MSRP was $22,710 but I am still waiting for them to give me the selling price.
  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    is this your first lease?
    what is the tax rate in PA? do they just tax the monthly?
  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    also, do you qualify for loyalty or military bonus?
    fwiw, using 20710 as the sell price i get 207.65 before tax/fees
  • johndorfjohndorf Member Posts: 6
    Yeah this is my first lease, is it that obvious? The state tax is 6% and I don't qualify for loyalty or military. Also, I am getting confused about the sell price and whether that includes the incentives that they tell me apply to the car.
    Thanks for all the help!
  • MichaellMichaell ColoradoModerator Posts: 186,797
    johndorf said:
    Yeah this is my first lease, is it that obvious? The state tax is 6% and I don't qualify for loyalty or military. Also, I am getting confused about the sell price and whether that includes the incentives that they tell me apply to the car. Thanks for all the help!
    The lease tax rate in PA is actually 9% - 10% in Pittsburgh. 

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    johndorf said:

    Yeah this is my first lease, is it that obvious? The state tax is 6% and I don't qualify for loyalty or military. Also, I am getting confused about the sell price and whether that includes the incentives that they tell me apply to the car.
    Thanks for all the help!

    how i look at it:
    msrp - discount = sell price
    sell price - lease cash = net sell price (cap 1)
    cap 1 + acq fee (595) = cap 2

    For you to have two quotes that close, they have to be giving you a similar discount (i assumed 2000). Ask them both about fees (doc, DMV) and taxes. I doubt they are included in the 206/208 quotes.

    Glad you are asking questions here BEFORE you sign anything!
  • johndorfjohndorf Member Posts: 6
    I live in a Philadelphia suburb, I believe in the city tax is 8% but in suburbs it is 6%, but I could be mistaken.
    I know 1 place told me there were 2 x $500 cash backs and then $1500 from internet price discount, and they claimed they were selling the car at invoice price and not MSRP (I didn't understand how that worked). Also, they told me that price includes taxes and was with zero down, I guess i will still inquire about other fees.
    I guess overall I am wondering if these are decent prices or should I be asking them to come down on the sell price.
    Thanks
  • kyfdxkyfdx Moderator Posts: 191,535
    johndorf said:

    I live in a Philadelphia suburb, I believe in the city tax is 8% but in suburbs it is 6%, but I could be mistaken.
    I know 1 place told me there were 2 x $500 cash backs and then $1500 from internet price discount, and they claimed they were selling the car at invoice price and not MSRP (I didn't understand how that worked). Also, they told me that price includes taxes and was with zero down, I guess i will still inquire about other fees.
    I guess overall I am wondering if these are decent prices or should I be asking them to come down on the sell price.
    Thanks

    Sales tax on a lease is +3% over your local amount, in PA.

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  • johndorfjohndorf Member Posts: 6
    I heard back from the dealer and I was told that the payment includes taxes and all fees. The net capitalized cost after rebates is $17344.
    Do you think there is any room to negotiate a lower payment and if so what would I say to come down on?
    Thanks
  • MichaellMichaell ColoradoModerator Posts: 186,797
    johndorf said:

    I heard back from the dealer and I was told that the payment includes taxes and all fees. The net capitalized cost after rebates is $17344.
    Do you think there is any room to negotiate a lower payment and if so what would I say to come down on?
    Thanks

    What is the MSRP?

    The only two variables in a lease are the net capitalized cost and the money factor. If you are getting the base MF, then there is nothing to negotiate.

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  • johndorfjohndorf Member Posts: 6
    The MSRP is $22710
  • danxpdanxp Member Posts: 47
    hi...

    this forum is awesome... i'm in the market for a sonata sport w/premium pkg... msrp $26300... what would be a good deal here?

    i'm seeing that edmunds price promise gives a ~$3k discount which takes the selling price to around $23-23.5k... do i then subtract the 2k lease cash and calculate from there? having said that what would the numbers come out to for a 12k/yr lease, 36 or 39 mo term?

    many thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,797
    danxp said:

    hi...

    this forum is awesome... i'm in the market for a sonata sport w/premium pkg... msrp $26300... what would be a good deal here?

    i'm seeing that edmunds price promise gives a ~$3k discount which takes the selling price to around $23-23.5k... do i then subtract the 2k lease cash and calculate from there? having said that what would the numbers come out to for a 12k/yr lease, 36 or 39 mo term?

    many thanks!

    Is this the Sport 2.4 or Sport 2.0T?

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  • hudz2015hudz2015 Member Posts: 68
    Do you have the info for 2015 limited and 2.0?
  • MichaellMichaell ColoradoModerator Posts: 186,797
    johndorf said:

    The MSRP is $22710

    Let's summarize:

    MSRP = $22,710
    Net Cap Cost = $17,344
    Residual = 56%
    Base MF = .00077
    Tax Rate = 9%

    Those numbers equate to a payment of $165.31/mo.

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  • hudz2015hudz2015 Member Posts: 68
    2015 Hyundai Sonata Sport 2.0T msrp is 34690 limited is 2015 Hyundai Sonata 4dr Sdn 2.0T Limited 32510.00
  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    johndorf said:

    I heard back from the dealer and I was told that the payment includes taxes and all fees. The net capitalized cost after rebates is $17344.
    Do you think there is any room to negotiate a lower payment and if so what would I say to come down on?
    Thanks

    17344, that can't be right; zero down? do you have a trade-in?
    i'm at cap2=18555 to get to a 208 payment, that includes 9% tax and $166 for doc/dmv
  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    Michaell said:

    johndorf said:

    The MSRP is $22710

    Let's summarize:

    MSRP = $22,710
    Net Cap Cost = $17,344
    Residual = 56%
    Base MF = .00077
    Tax Rate = 9%

    Those numbers equate to a payment of $165.31/mo.
    exactly to the penny BUT you have to add about $5/month for doc/DMV fees
    still well below 206/208
    something doesn't add up...
  • danxpdanxp Member Posts: 47
    sport 2.4... thanks!
  • danxpdanxp Member Posts: 47
    actually, do you have the formula so that we can plug in the numbers ourselves? seems like all you need are the msrp and selling price?

    thanks again.
  • danxpdanxp Member Posts: 47
    oh and nj sales tax is 7%
  • MichaellMichaell ColoradoModerator Posts: 186,797
    Here is the article where you can build your own lease calculator:

    http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

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  • MichaellMichaell ColoradoModerator Posts: 186,797
    hudz2015 said:

    Do you have the info for 2015 limited and 2.0?

    hudz2015 said:

    2015 Hyundai Sonata Sport 2.0T msrp is 34690 limited is 2015 Hyundai Sonata 4dr Sdn 2.0T Limited 32510.00

    What lease term and miles per year are you looking for?

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  • MichaellMichaell ColoradoModerator Posts: 186,797
    danxp said:

    hi...

    this forum is awesome... i'm in the market for a sonata sport w/premium pkg... msrp $26300... what would be a good deal here?

    i'm seeing that edmunds price promise gives a ~$3k discount which takes the selling price to around $23-23.5k... do i then subtract the 2k lease cash and calculate from there? having said that what would the numbers come out to for a 12k/yr lease, 36 or 39 mo term?

    many thanks!

    danxp said:

    sport 2.4... thanks!

    36/12 - .00055 and 53%. $2000 lease cash
    39/12 - .00158 and 50%. $2500 lease cash

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  • hudz2015hudz2015 Member Posts: 68
    edited March 2016
    3/36
  • MichaellMichaell ColoradoModerator Posts: 186,797
    Michaell said:

    hudz2015 said:

    Do you have the info for 2015 limited and 2.0?

    hudz2015 said:

    2015 Hyundai Sonata Sport 2.0T msrp is 34690 limited is 2015 Hyundai Sonata 4dr Sdn 2.0T Limited 32510.00

    What lease term and miles per year are you looking for?
    hudz2015 said:

    3/36

    Just noticed you are asking for 2015 numbers .. that thread can be found here:

    http://forums.edmunds.com/discussion/34317/hyundai/sonata/2015-hyundai-sonata-lease-questions#latest

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    i think hyundai is screwing with us! Spring cash went up TODAY from 500 to 1000 for the rest of March. Perhaps lease cash and mf changed too. i doubt edmunds gets mid-month updates so this thread may have stale info...
  • danxpdanxp Member Posts: 47
    i also noticed on the edmunds incentives page that lease cash is 2750 for 36, 39, 42 and 48 month deals... is that accurate or is it 2000/2500?
  • MichaellMichaell ColoradoModerator Posts: 186,797
    danxp said:

    i also noticed on the edmunds incentives page that lease cash is 2750 for 36, 39, 42 and 48 month deals... is that accurate or is it 2000/2500?

    My information shows $2000 for 36 months, $2500 for all other terms.

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  • hudz2015hudz2015 Member Posts: 68
    What is residual for limited hybrid and se hybrid?
  • danxpdanxp Member Posts: 47
    based on an message from tonyg and the calculations from the link earlier in the thread i am estimating a good deal will be as follows:
    - msrp $26300
    - selling price $24300
    - lease cash $2000
    - mf .00055
    - term 36 m
    - miles/yr 12k
    - residual 53%
    - monthly pmt $247
    - incl 7% nj sales tax: ~$265

    all figures approximate

    thanks all
  • MichaellMichaell ColoradoModerator Posts: 186,797
    hudz2015 said:

    What is residual for limited hybrid and se hybrid?

    2016?

    36/12 numbers are

    SE - .00094 and 53%
    Limited - .00125 and 51%

    $2500 lease cash.

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  • MichaellMichaell ColoradoModerator Posts: 186,797
    danxp said:

    based on an message from tonyg and the calculations from the link earlier in the thread i am estimating a good deal will be as follows:
    - msrp $26300
    - selling price $24300
    - lease cash $2000
    - mf .00055
    - term 36 m
    - miles/yr 12k
    - residual 53%
    - monthly pmt $247
    - incl 7% nj sales tax: ~$265

    all figures approximate

    thanks all

    You need to account for the up front fees - dealer fee, acquisition fee, DMV costs - in your calculations.

    NJ collects the sales tax on the sum of the payments up front, or that total is added into the capitalized cost.

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    acq fee is always included in my estimates; but, i specifically excluded doc fee and DMV because they vary too much by state.
    since that pm, the spring cash has increased from 500 to 1000 so the lease terms should be about $14 per month better. I am trying to get current lease terms from a local dealer...

  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    Michael, looking for lease data on both the Sonata SE and Sport 2.4, 36 month, 12k, Ohio
  • MichaellMichaell ColoradoModerator Posts: 186,797
    tonyg2016 said:

    Michael, looking for lease data on both the Sonata SE and Sport 2.4, 36 month, 12k, Ohio

    SE - .00077 and 56%
    Sport 2.4 - .00055 and 53%

    $2000 lease cash for both trims.

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  • mrjoshua2mrjoshua2 Member Posts: 24
    With the extra $500 spring cash, lease cash is now $2500 on a Sport 2.4 with value package right?
    Also, what is the monthly savings in Florida with the extra $500?
    Thank you.
  • MichaellMichaell ColoradoModerator Posts: 186,797
    mrjoshua2 said:

    With the extra $500 spring cash, lease cash is now $2500 on a Sport 2.4 with value package right?
    Also, what is the monthly savings in Florida with the extra $500?
    Thank you.

    I cannot confirm the extra spring cash.

    $500 over 36 months is about $13-14 a month savings on the pre-tax lease payment.

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  • mrjoshua2mrjoshua2 Member Posts: 24
    CUSTOMER CASH BACK
    $1,000 Spring Sales Cash available on all 2016 Hyundai Sonata purchased from dealer stock between March 17, 2016 and March 31, 2016. See participating dealer for details. Offer ends March 31, 2016.
  • kyfdxkyfdx Moderator Posts: 191,535
    mrjoshua2 said:

    With the extra $500 spring cash, lease cash is now $2500 on a Sport 2.4 with value package right?
    Also, what is the monthly savings in Florida with the extra $500?
    Thank you.

    An extra $500 off will save $14/mo. on the payment

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