2016 Hyundai Sonata Lease Questions

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  • MichaellMichaell ColoradoModerator Posts: 187,005
    maslows said:

    Delaware
    Dealer said Rebates were included but the math doesn't make sense, I get military plus recent college grad, and I am assuming lease cash, but this was never confirmed.
    I have 4 years left on the Audi, it was an impulse buy, I didn't think of the family factor just me, and its too small.

    Trade In: 2008 Audi A4 w/99,980 miles
    Trade In Payoff: $11920
    Trade In Allowance: $5000

    White with Grey Interior - 2016 Sonata SE w/PZEV

    Selling Price: $22,710
    Trade Allowance: -$5000
    Adjusted Price: $17,710
    Registration Fee: $200
    Admin Fee: $299
    Tax: $769
    Non Tax Fee: $75
    Trade Payoff: $11,920
    Balance: $30,973

    From there a Number $15,876 for 36 month with $1500 down payments are $441

    Using the MSRP of $22,710 and the base MF of .00077, I get a payment of over $500/mo before tax.

    The negative equity alone is almost $200 of that number.

    My recommendation is that you hold onto the Audi until you aren't quite as buried in it.

    And, is the Sonata really that much bigger?

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  • maslowsmaslows Member Posts: 7
    No, gotta thank TonyG, he sent me a PM, that opened my eyes. Ill just keep the Audi, buy the Mrs a beater, and for the time being we can just take 2 vehicles if we need to go some where as a family
  • maslowsmaslows Member Posts: 7
    Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

    did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700
  • MichaellMichaell ColoradoModerator Posts: 187,005
    maslows said:

    Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

    did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700

    How many miles per year?

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  • maslowsmaslows Member Posts: 7
    12000
  • MichaellMichaell ColoradoModerator Posts: 187,005
    maslows said:

    Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

    did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700

    maslows said:

    12000

    36/12 numbers on the 2016 Hyundai Sonata Sport 2.4 are .00055 and 53%. $2000 lease cash.

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  • maslowsmaslows Member Posts: 7
    thanks
  • onebetteronebetter Member Posts: 26
    Can you advise the MF and RV for 2016 Sonata SE, Sport 2.4, and Limited 2.4 for 36/10, 36/12, and 36/15 in Long Island, NY area. Thanks in advance.
  • MichaellMichaell ColoradoModerator Posts: 187,005
    onebetter said:

    Can you advise the MF and RV for 2016 Sonata SE, Sport 2.4, and Limited 2.4 for 36/10, 36/12, and 36/15 in Long Island, NY area. Thanks in advance.

    36/12 numbers:
    SE - .00077 and 56%
    Sport 2.4 - .00055 and 53%
    Limited 2.4 - .00087 and 56%

    $2000 lease cash

    Add 1% for 10K; subtract 2% for 15K

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  • klnmcmgklnmcmg Member Posts: 110
    MF and RV for Hybrid Limited for 36/15, 24/15?
  • kyfdxkyfdx Moderator Posts: 191,702
    klnmcmg said:

    MF and RV for Hybrid Limited for 36/15, 24/15?

    36/15: .00129 MF and 49% residual. $2500 lease cash

    Don't see a 24 month program on this model.

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  • infoe36069infoe36069 Member Posts: 32
    Mf/resid/incentive for 2016 limited 36/10 please? 
  • infoe36069infoe36069 Member Posts: 32
    Can i please have mf and resid and any lease cash for a limited 2016 36/10 in florida?  Thanks
  • MichaellMichaell ColoradoModerator Posts: 187,005

    Can i please have mf and resid and any lease cash for a limited 2016 36/10 in florida?  Thanks

    Limited 2.4 - .00087 and 57%
    Limited 2.0T - 00097 and 54%

    $2000 lease cash.

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  • 132nick132nick Member Posts: 47
    What do you guys think of the deal I currently have on the table. Dealer is in South Florida. 

    2016 Hyundai Sonata SE
    Term: 36/12
    MSRP: $23,055
    Base Cap Cost: $21,000
    Acquisition Fee: $595
    Rebate: $2750
    Dealer Fee: $699
    Adjusted Cap Cost: $19,527.71
    RV: $12,910.80 (56%)
    MF: .00095
    Monthly: $214.62
    Tax: $15.02 (7% in FL)
    Total Monthly Payment: $229.64
    Cash due at inception*: $803

    *Cash due at inception breakdown:
    First Month Payment: $229.64
    License Fee: $160
    Rental Surcharge: $60
    Tire/Battery Fees: $6.50
    MVWEA: $2.00
    Electronic Filing Fee: $132.95
    Cap. Reduction Tax: $144.71
    Tax on Fees: $53.91
  • MichaellMichaell ColoradoModerator Posts: 187,005
    132nick said:

    What do you guys think of the deal I currently have on the table. Dealer is in South Florida. 

    2016 Hyundai Sonata SE
    Term: 36/12

    MSRP: $23,055

    Base Cap Cost: $21,000

    Acquisition Fee: $595

    Rebate: $2750

    Dealer Fee: $699

    Adjusted Cap Cost: $19,527.71

    RV: $12,910.80 (56%)

    MF: .00095

    Monthly: $214.62

    Tax: $15.02 (7% in FL)

    Total Monthly Payment: $229.64

    Cash due at inception*: $803


    *Cash due at inception breakdown:

    First Month Payment: $229.64

    License Fee: $160

    Rental Surcharge: $60

    Tire/Battery Fees: $6.50

    MVWEA: $2.00

    Electronic Filing Fee: $132.95

    Cap. Reduction Tax: $144.71

    Tax on Fees: $53.91

    Very detailed quote. Base MF is .00077 on the SE.

    I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.

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  • 132nick132nick Member Posts: 47
    Michaell said:
    What do you guys think of the deal I currently have on the table. Dealer is in South Florida. 

    2016 Hyundai Sonata SE
    Term: 36/12
    MSRP: $23,055
    Base Cap Cost: $21,000
    Acquisition Fee: $595
    Rebate: $2750
    Dealer Fee: $699
    Adjusted Cap Cost: $19,527.71
    RV: $12,910.80 (56%)
    MF: .00095
    Monthly: $214.62
    Tax: $15.02 (7% in FL)
    Total Monthly Payment: $229.64
    Cash due at inception*: $803

    *Cash due at inception breakdown:
    First Month Payment: $229.64
    License Fee: $160
    Rental Surcharge: $60
    Tire/Battery Fees: $6.50
    MVWEA: $2.00
    Electronic Filing Fee: $132.95
    Cap. Reduction Tax: $144.71
    Tax on Fees: $53.91
    Very detailed quote. Base MF is .00077 on the SE. I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.
    Had to haggle for quite a while before I convinced them to show me the computer printout with all the details of the offer. All they want to show you is monthly & cash down hoping you'll make the deal blind.  

    As for the padded MF, I insisted it was too high as I'm top tier but manager wouldn't budge. I think I'll try another dealer.
  • MichaellMichaell ColoradoModerator Posts: 187,005
    132nick said:


    Michaell said:

    What do you guys think of the deal I currently have on the table. Dealer is in South Florida. 

    2016 Hyundai Sonata SE
    Term: 36/12

    MSRP: $23,055

    Base Cap Cost: $21,000

    Acquisition Fee: $595

    Rebate: $2750

    Dealer Fee: $699

    Adjusted Cap Cost: $19,527.71

    RV: $12,910.80 (56%)

    MF: .00095

    Monthly: $214.62

    Tax: $15.02 (7% in FL)

    Total Monthly Payment: $229.64

    Cash due at inception*: $803


    *Cash due at inception breakdown:

    First Month Payment: $229.64

    License Fee: $160

    Rental Surcharge: $60

    Tire/Battery Fees: $6.50

    MVWEA: $2.00

    Electronic Filing Fee: $132.95

    Cap. Reduction Tax: $144.71

    Tax on Fees: $53.91
    Very detailed quote. Base MF is .00077 on the SE.

    I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.

    Had to haggle for quite a while before I convinced them to show me the computer printout with all the details of the offer. All they want to show you is monthly & cash down hoping you'll make the deal blind.  

    As for the padded MF, I insisted it was too high as I'm top tier but manager wouldn't budge. I think I'll try another dealer.


    Lots of dealers out there; only takes one to meet your numbers.

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  • mripgurumripguru Member Posts: 50
    edited April 2016
    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 187,005
    mripguru said:

    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

    Base trim
    36/12 - .00060 and 47%
    39/12 - .00105 and 46%
    $6919 lease cash. Add 1% for 10K

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  • MichaellMichaell ColoradoModerator Posts: 187,005


    Michaell said:

    mripguru said:

    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

    Base trim
    36/12 - .00060 and 47%
    39/12 - .00105 and 46%
    $6919 lease cash. Add 1% for 10K

    Can you provide incentive for the regular hybrid in NorCal? Did like sonata more than expected when test driving along with the Santa Fe the other day.  Thanks! 

    2016 Sonata Hybrid Base
    36/12 - .00094 and 53%
    39/12 - .00158 and 52%
    $2500 lease cash

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  • sbrowne105sbrowne105 Member Posts: 8
    Hi Michael,
    Can you please provide me with the numbers for a 2.4 sport and limited, 36/15K in NY?

    Also I've noticed there are no 2.0 turbo models in stock anywhere near me in NY - has anyone else seen this?
  • kyfdxkyfdx Moderator Posts: 191,702

    Hi Michael,
    Can you please provide me with the numbers for a 2.4 sport and limited, 36/15K in NY?

    Also I've noticed there are no 2.0 turbo models in stock anywhere near me in NY - has anyone else seen this?

    Sport: .00055 MF and 51% residual. $2000 lease cash
    LTD: .00087 MF and 54% residual. $2000 lease cash

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    requesting numbers for sonata 2.4 SE, 36/12k, OH
  • kyfdxkyfdx Moderator Posts: 191,702
    tonyg2016 said:

    requesting numbers for sonata 2.4 SE, 36/12k, OH

    .00058 MF and 55% residual. $2000 lease cash

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  • mdubdroid3mdubdroid3 Member Posts: 28
    can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!
  • MichaellMichaell ColoradoModerator Posts: 187,005

    can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!

    Sport 2.4 or 2.0T?

    Limited 2.0T is .00089 and 53%. $2000 lease cash.

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  • mdubdroid3mdubdroid3 Member Posts: 28
    Michaell said:
    can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!
    Sport 2.4 or 2.0T? Limited 2.0T is .00089 and 53%. $2000 lease cash.
    Sport 2.0 please. 
  • MichaellMichaell ColoradoModerator Posts: 187,005


    Michaell said:

    can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!

    Sport 2.4 or 2.0T?

    Limited 2.0T is .00089 and 53%. $2000 lease cash.

    Sport 2.0 please. 

    Sport 2.0T 36/12 - .00073 and 52%. $2000 lease cash.

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  • mripgurumripguru Member Posts: 50
    Michaell said:
    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
    Base trim 36/12 - .00060 and 47% 39/12 - .00105 and 46% $6919 lease cash. Add 1% for 10K
    Did the numbers change for May?

    Thanks!
  • freshstays116freshstays116 Member Posts: 7
    In your opinion, what's the best deal on any sonata for 15km? Nj 
  • kyfdxkyfdx Moderator Posts: 191,702
    mripguru said:


    Michaell said:

    mripguru said:

    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

    Base trim
    36/12 - .00060 and 47%
    39/12 - .00105 and 46%
    $6919 lease cash. Add 1% for 10K

    Did the numbers change for May?

    Thanks!

    39/12 residual has dropped to 45%. Everything else is the same.

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    can i get numbers for 39, 42 and 48 month leases? 10k and 12k per year; SE and Sport 2.4
    hyundai warranty is 5 year/60k miles so the longer leases MAY make sense
    also, military cash is doubled from 500 to 1000 for 5/20 to 5/31 (Memorial day)
  • MichaellMichaell ColoradoModerator Posts: 187,005
    tonyg2016 said:

    can i get numbers for 39, 42 and 48 month leases? 10k and 12k per year; SE and Sport 2.4
    hyundai warranty is 5 year/60k miles so the longer leases MAY make sense
    also, military cash is doubled from 500 to 1000 for 5/20 to 5/31 (Memorial day)

    SE
    39/12 - .00158 and 53%. $2500 LC
    42/12 - .00158 and 51%. $2500 LC
    48/12 - .00158 and 47%. $2750 LC

    Sport 2.4
    39/12 - .00158 and 50%. $2500 LC
    42/12 - .00158 and 48%. $2500 LC
    48/12 - .00158 and 44%. $2750 LC

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  • mripgurumripguru Member Posts: 50
    Can you please provide MF, RV and any lease cash on a Sonota Hybrid Limited for 36/10 and 39/10?
    thanks!
  • kyfdxkyfdx Moderator Posts: 191,702
    mripguru said:

    Can you please provide MF, RV and any lease cash on a Sonota Hybrid Limited for 36/10 and 39/10?
    thanks!

    .00125 MF and 52% residual
    .00158 MF and 50% residual.

    $2500 lease cash.

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  • mripgurumripguru Member Posts: 50
    kyfdx said:
    Michaell said:
    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
    Base trim 36/12 - .00060 and 47% 39/12 - .00105 and 46% $6919 lease cash. Add 1% for 10K
    Did the numbers change for May?

    Thanks!
    39/12 residual has dropped to 45%. Everything else is the same.
    What is MF and RV at 42 and 48 months?
    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 187,005
    mripguru said:


    kyfdx said:

    mripguru said:


    Michaell said:

    mripguru said:

    What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

    Base trim
    36/12 - .00060 and 47%
    39/12 - .00105 and 46%
    $6919 lease cash. Add 1% for 10K

    Did the numbers change for May?

    Thanks!
    39/12 residual has dropped to 45%. Everything else is the same.

    What is MF and RV at 42 and 48 months?
    Thanks!

    42/12 - .00105 and 45%
    48/12 - .00105 and 42%

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  • ariesgeekariesgeek Member Posts: 13
    edited May 2016
    Thank you guys. If you have a FAQ link on how you are able to stay current with this info, I would love to read up and not have to bug you.

    State : MO
    Credit : 727 EQ / 749 EX / 745 TU
    Preferred term : 10k/36
    Alternative term : 12k/36

    RV and MF for:
    2016 SE
    2016 Sport 2.4

    If you have any links to information on Missouri and sales tax, I would appreciate that too. :)

    Thank you in advance.
  • MichaellMichaell ColoradoModerator Posts: 187,005
    ariesgeek said:

    Thank you guys. If you have a FAQ link on how you are able to stay current with this info, I would love to read up and not have to bug you.

    State : MO
    Credit : 727 EQ / 749 EX / 745 TU
    Preferred term : 10k/36
    Alternative term : 12k/36

    RV and MF for:
    2016 SE
    2016 Sport 2.4

    If you have any links to information on Missouri and sales tax, I would appreciate that too. :)

    Thank you in advance.

    36/10 numbers
    SE - .00058 and 56%
    Sport 2.4 - .00055 and 54%

    $2000 lease cash. Subtract 1% for 12k

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  • crazydeocrazydeo Member Posts: 26
    Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!
  • MichaellMichaell ColoradoModerator Posts: 187,005
    crazydeo said:

    Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!

    36/15 - .00060 and 45%
    39/15 - .00105 and 43%

    $6919 lease cash.

    Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.

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  • carfan74carfan74 Member Posts: 58
    Hi. Current mf, residual and lease cash please in NY on 2.4 sonata limited for 36/10k mile lease. Thank you. 
  • MichaellMichaell ColoradoModerator Posts: 187,005
    carfan74 said:

    Hi. Current mf, residual and lease cash please in NY on 2.4 sonata limited for 36/10k mile lease. Thank you. 

    .00087 and 57%. $2000 lease cash

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  • crazydeocrazydeo Member Posts: 26
    edited June 2016
    Michaell said:

    crazydeo said:

    Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!

    36/15 - .00060 and 45%
    39/15 - .00105 and 43%

    $6919 lease cash.

    Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.
    Is the $6919 lease cash including rebates such as (i.e. loyalty, hybrid tax credit, military)? The dealer I visited stated the rebates are included in the lease cash and are not additional discounts. Thank you for your help!
  • kyfdxkyfdx Moderator Posts: 191,702
    crazydeo said:

    Michaell said:

    crazydeo said:

    Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!

    36/15 - .00060 and 45%
    39/15 - .00105 and 43%

    $6919 lease cash.

    Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.
    Is the $6919 lease cash including rebates such as (i.e. loyalty, hybrid tax credit, military)? The dealer I visited stated the rebates are included in the lease cash and are not additional discounts. Thank you for your help!
    Sorry.. can't tell you how the rebates stack, or whether they do.

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  • carhunter_9999carhunter_9999 Member Posts: 8
    Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

    MSRP: 28670
    Discount:1445
    Rebate: 2500
    Adjusted Price: 24745

    Doc Fee: 75
    Tax: 797.46
    Non Tax Fees: 352.75

    Net Price: 25970.21

    MF : 0.00127
    Residual: 54%

    $372/month at 15000 miles/year for 36 months.
  • MichaellMichaell ColoradoModerator Posts: 187,005

    Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

    MSRP: 28670
    Discount:1445
    Rebate: 2500
    Adjusted Price: 24745

    Doc Fee: 75
    Tax: 797.46
    Non Tax Fees: 352.75

    Net Price: 25970.21

    MF : 0.00127
    Residual: 54%

    $372/month at 15000 miles/year for 36 months.

    Base MF is .00087, so that is being marked up on you.

    What state and tax rate is this?

    I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF.

    Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.

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  • carhunter_9999carhunter_9999 Member Posts: 8
    Michaell said:

    Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

    MSRP: 28670
    Discount:1445
    Rebate: 2500
    Adjusted Price: 24745

    Doc Fee: 75
    Tax: 797.46
    Non Tax Fees: 352.75

    Net Price: 25970.21

    MF : 0.00127
    Residual: 54%

    $372/month at 15000 miles/year for 36 months.

    Base MF is .00087, so that is being marked up on you.

    What state and tax rate is this?

    I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF.

    Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.
    state is MN and tax is 6.5%
  • MichaellMichaell ColoradoModerator Posts: 187,005
    Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking MSRP: 28670 Discount:1445 Rebate: 2500 Adjusted Price: 24745 Doc Fee: 75 Tax: 797.46 Non Tax Fees: 352.75 Net Price: 25970.21 MF : 0.00127 Residual: 54% $372/month at 15000 miles/year for 36 months.
    Base MF is .00087, so that is being marked up on you. What state and tax rate is this? I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF. Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.
    state is MN and tax is 6.5%
    And the cap cost?

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