2016 Hyundai Sonata Lease Questions

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    Looks like i will try again this month since May lease data was not that good...
    sonata sport 2.4, base and value edition, 36 month, 10k and 12k, Ohio
  • MichaellMichaell ColoradoModerator Posts: 186,798
    edited June 2016
    tonyg2016 said:

    Looks like i will try again this month since May lease data was not that good...
    sonata sport 2.4, base and value edition, 36 month, 10k and 12k, Ohio

    .00055 and 54% / 53%. $2000 lease cash.

    EDIT - sorry, the above numbers are for the Sport 2.4

    Base - .00063 and 56% / 55%
    SE - .00058 and 56% / 55%

    $2000 lease cash for all

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    i think i confused things: there is no base; it's SE and Sport 2.4 (with or without the value package)
  • hudz2015hudz2015 Member Posts: 68
    What is the money factor on 2016 limited hybrid and residual and rebates?
  • MichaellMichaell ColoradoModerator Posts: 186,798
    tonyg2016 said:

    i think i confused things: there is no base; it's SE and Sport 2.4 (with or without the value package)

    I see a base level trim.

    Individual packages do not affect the lease numbers.

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  • kaffeinekaffeine Member Posts: 9
    Can you give me information about residual value on both a 2016 Hyundai Sonata SE and a Sport model in the Detroit Metro area? What is MF and how is that factored? I was recently quoted $1,000 down and $345 a month for a Sport 36 month lease, 15,000 miles a year. The SE was $1,000 down and $235 a month for same miles and length of lease.
  • MichaellMichaell ColoradoModerator Posts: 186,798
    kaffeine said:

    Can you give me information about residual value on both a 2016 Hyundai Sonata SE and a Sport model in the Detroit Metro area? What is MF and how is that factored? I was recently quoted $1,000 down and $345 a month for a Sport 36 month lease, 15,000 miles a year. The SE was $1,000 down and $235 a month for same miles and length of lease.

    36/15 numbers
    SE - .00058 and 53%
    Sport 2.4 - .00055 and 51%

    $2000 lease cash for both

    MF is used to determine the 'rent charge' on a lease - similar to interest paid on a traditional loan.

    We would need to know the MSRP and the negotiated selling price in order to calculate a payment.

    For more leasing information, I suggest this link:

    http://www.edmunds.com/car-leasing/

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  • kaffeinekaffeine Member Posts: 9
    SE
    MSRP $23,090
    Sale price $21,045
    govt. fees, doc fees, acquisition fees $975
    Gross Cap Cost $2,576
    rebate $3750
    cash down $1,612
    Final Price 17,214

    Sport
    MSRP $28,975
    Sale price $26,806
    govt. fees, doc fees, acquisition fee $975
    Gross Cap Cost ?
    rebate $3750
    cash down $1612
    Final Price $22,400

    Should I pay for acquisition and doc fees?
  • MichaellMichaell ColoradoModerator Posts: 186,798
    kaffeine said:

    SE
    MSRP $23,090
    Sale price $21,045
    govt. fees, doc fees, acquisition fees $975
    Gross Cap Cost $2,576
    rebate $3750
    cash down $1,612
    Final Price 17,214

    Sport
    MSRP $28,975
    Sale price $26,806
    govt. fees, doc fees, acquisition fee $975
    Gross Cap Cost ?
    rebate $3750
    cash down $1612
    Final Price $22,400

    Should I pay for acquisition and doc fees?

    Those look like purchase quotes - the rebate is different if you buy vs. lease.

    If you lease, the acquisition fee is imposed by the bank and cannot be negotiated away. Doc fees tend to be a profit for the dealer; make sure your agreed upon sales price mitigates or eliminates that amount.

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  • jimmmmbojimmmmbo Member Posts: 20
    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:
  • jimmmmbojimmmmbo Member Posts: 20
    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
  • jimmmmbojimmmmbo Member Posts: 20
    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
  • MichaellMichaell ColoradoModerator Posts: 186,798
    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:

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  • qsac226qsac226 Member Posts: 4
    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
  • MichaellMichaell ColoradoModerator Posts: 186,798
    qsac226 said:

    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
    36/12 on the Sonata SE - .00058 and 55%. $2000 lease cash. Subtract 2% for 15K

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  • qsac226qsac226 Member Posts: 4
    Michaell said:

    qsac226 said:

    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
    36/12 on the Sonata SE - .00058 and 55%. $2000 lease cash. Subtract 2% for 15K
    Thanks so much Michaell. If you have time I had one more question. The fee to turn in a car, that is on a lease. Is that set? Or is that negotiable? I am turning in an Altima, and is frustrating that i have to pay 400 just because i am not a returning customer. So wanted some leverage going into the Sonata negotiations.

    Thanks a ton
    Steve
  • MichaellMichaell ColoradoModerator Posts: 186,798
    qsac226 said:

    Michaell said:

    qsac226 said:

    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
    36/12 on the Sonata SE - .00058 and 55%. $2000 lease cash. Subtract 2% for 15K
    Thanks so much Michaell. If you have time I had one more question. The fee to turn in a car, that is on a lease. Is that set? Or is that negotiable? I am turning in an Altima, and is frustrating that i have to pay 400 just because i am not a returning customer. So wanted some leverage going into the Sonata negotiations.

    Thanks a ton
    Steve
    The disposition fee is not negotiable, and is meant to keep you leasing the same brand again and again.

    I'm facing the same proposition with my current Hyundai lease that ends later this year.

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  • qsac226qsac226 Member Posts: 4
    Michaell said:

    qsac226 said:

    Michaell said:

    qsac226 said:

    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
    36/12 on the Sonata SE - .00058 and 55%. $2000 lease cash. Subtract 2% for 15K
    Thanks so much Michaell. If you have time I had one more question. The fee to turn in a car, that is on a lease. Is that set? Or is that negotiable? I am turning in an Altima, and is frustrating that i have to pay 400 just because i am not a returning customer. So wanted some leverage going into the Sonata negotiations.

    Thanks a ton
    Steve
    The disposition fee is not negotiable, and is meant to keep you leasing the same brand again and again.

    I'm facing the same proposition with my current Hyundai lease that ends later this year.
    Thanks so much Michaell, i greatly appreciate your time.

    if I am not pushing my luck, one more question. What credit score is needed to be Top Tier and get the .00058 MF? The quote I got had a MF of .0012, which is way to high, considering I have nearly flawless credit.

    thanks in advance!
  • MichaellMichaell ColoradoModerator Posts: 186,798
    qsac226 said:

    Michaell said:

    qsac226 said:

    Michaell said:

    qsac226 said:

    Michaell said:

    jimmmmbo said:

    jimmmmbo said:

    jimmmmbo said:

    Lease cash, MF and residual value on Sonata 2.4 Limited with Tech package, please? Thanks so much for what you guys do here, you have helped so many including me!!! :smile:

    Sorry, my bad. 3yr/12k and 3yr/15k. Thanks!
    Duh, once again, MN Twin Cities. I'll get my head screwed on at some point.
    36/12 - .00087 and 56%. $2000 lease cash.

    Subtract 2% for 15K.

    Hyundai numbers are national - but, thanks for providing the state anyway. :sunglasses:
    Hello

    Are these the same Numbers for 2016 Sonata SE? If not and you have can you please share?
    36/12 on the Sonata SE - .00058 and 55%. $2000 lease cash. Subtract 2% for 15K
    Thanks so much Michaell. If you have time I had one more question. The fee to turn in a car, that is on a lease. Is that set? Or is that negotiable? I am turning in an Altima, and is frustrating that i have to pay 400 just because i am not a returning customer. So wanted some leverage going into the Sonata negotiations.

    Thanks a ton
    Steve
    The disposition fee is not negotiable, and is meant to keep you leasing the same brand again and again.

    I'm facing the same proposition with my current Hyundai lease that ends later this year.
    Thanks so much Michaell, i greatly appreciate your time.

    if I am not pushing my luck, one more question. What credit score is needed to be Top Tier and get the .00058 MF? The quote I got had a MF of .0012, which is way to high, considering I have nearly flawless credit.

    thanks in advance!
    Scores of 700 or higher qualify for top tier credit. Dealer is allowed to mark up the MF by .00040.

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  • Slseed1969Slseed1969 Los Angeles Member Posts: 2
    Hi. I'd like to know the MF, residual and incentive for a 2016 Sonata Sport 2.4L in So. Cal (91406). Thanks!
  • cjc0001cjc0001 Member Posts: 25
    Hello,
    I'd appreciate it if you can give me the RV, MF, and any lease incentives on a 2016 Sonata Hybrid with Ultimate pkg, 36 mo/15k, in South Florida. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 186,798

    Hi. I'd like to know the MF, residual and incentive for a 2016 Sonata Sport 2.4L in So. Cal (91406). Thanks!

    .00055 and 53% for 36 months, 12,000 miles per year. $2000 lease cash.

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  • MichaellMichaell ColoradoModerator Posts: 186,798
    cjc0001 said:

    Hello,
    I'd appreciate it if you can give me the RV, MF, and any lease incentives on a 2016 Sonata Hybrid with Ultimate pkg, 36 mo/15k, in South Florida. Thanks!

    Limited - .00125 and 49%
    Base - .00094 and 51%

    $2500 lease cash.

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    hyundai just added this for the end-of-June:
    $500 Summer Sales Cash (6/16/2016 - 6/30/2016)

    check here for local offers:
    https://www.hyundaiusa.com/financial-tools/special-offers.aspx
  • tomdwkimtomdwkim Member Posts: 1
    Hi. Looking for the best lease rate for 2016 Hyundai Sonata Hybrid Plug-in Base Model. What would be the lowest net capitalized cost, money factor and residual rate? Southern California. Assume over 800 Fico and existing Hyundai owner. Thanks.
  • MichaellMichaell ColoradoModerator Posts: 186,798
    tomdwkim said:

    Hi. Looking for the best lease rate for 2016 Hyundai Sonata Hybrid Plug-in Base Model. What would be the lowest net capitalized cost, money factor and residual rate? Southern California. Assume over 800 Fico and existing Hyundai owner. Thanks.

    .00060 and 47%, assuming 36 months and 12,000 miles per year. $6919 lease cash.

    We don't track selling prices; use the "make / model / year" pull downs at the top of the page to link to the price tools.

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  • freshstays116freshstays116 Member Posts: 7
    do you have any information of whther the programs are going to change for this weekend july 4th sale on the 2016 sonata?

    im looking to lease a sonata limited 2016, i would like to know the best money factor, residual for 15k miles and if any bonus cash is out there? 750 credit score with no money down.

    thank you in advance.
  • MichaellMichaell ColoradoModerator Posts: 186,798

    do you have any information of whther the programs are going to change for this weekend july 4th sale on the 2016 sonata?

    im looking to lease a sonata limited 2016, i would like to know the best money factor, residual for 15k miles and if any bonus cash is out there? 750 credit score with no money down.

    thank you in advance.

    The Hyundai numbers do not expire until 7/5/16.

    36/15 numbers for the Limited 2.4 are .00087 and 54%. $2000 lease cash.

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  • borafsarborafsar Member Posts: 53
    Can I please get the 24/36mo 15k lease numbers for the SE and Eco trims in Colorado? Credit score is 609.
  • kyfdxkyfdx Moderator Posts: 191,535
    borafsar said:

    Can I please get the 24/36mo 15k lease numbers for the SE and Eco trims in Colorado? Credit score is 609.

    No credit tiers for Hyundai below 640.

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  • borafsarborafsar Member Posts: 53
    kyfdx said:

    borafsar said:

    Can I please get the 24/36mo 15k lease numbers for the SE and Eco trims in Colorado? Credit score is 609.

    No credit tiers for Hyundai below 640.
    Thanks for the quick reply! Can I please get the numbers for 640 then? Also would using the College Graduate program help with the credit score issue?
  • borafsarborafsar Member Posts: 53
    kyfdx said:

    borafsar said:

    Can I please get the 24/36mo 15k lease numbers for the SE and Eco trims in Colorado? Credit score is 609.

    No credit tiers for Hyundai below 640.
    And the Eco trim numbers for 640 credit score please, thank you!
  • kyfdxkyfdx Moderator Posts: 191,535
    borafsar said:

    kyfdx said:

    borafsar said:

    Can I please get the 24/36mo 15k lease numbers for the SE and Eco trims in Colorado? Credit score is 609.

    No credit tiers for Hyundai below 640.
    Thanks for the quick reply! Can I please get the numbers for 640 then? Also would using the College Graduate program help with the credit score issue?
    SE: .00210 MF and 53% residual for 36/15. $2000 lease cash
    ECO: .00215 MF and 50% residual for 36/15. $2000 lease cash.

    No 24 month leases on the Sonata

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  • klnmcmgklnmcmg Member Posts: 110
    MF and RV for sonata hybrid limited in NC? 36/15
  • MichaellMichaell ColoradoModerator Posts: 186,798
    klnmcmg said:

    MF and RV for sonata hybrid limited in NC? 36/15

    .00125 and 49%. $2500 lease cash.

    Numbers expire today.

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  • urburb Member Posts: 16
    Could you post what the new numbers are for 36/12 and 36/15 for an SE?

    Thanks!
  • hudz2015hudz2015 Member Posts: 68
    What are the new numbers for july for hybrid limited 3/36 or 3/45?
  • kyfdxkyfdx Moderator Posts: 191,535
    Sorry, but we don't have the new Hyundai program, yet.

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  • hudz2015hudz2015 Member Posts: 68
    Can you post the numbers for hybrid limited when you get them?
  • kyfdxkyfdx Moderator Posts: 191,535
    hudz2015 said:

    Can you post the numbers for hybrid limited when you get them?

    .00125 MF and 51% residual for 36/12. $2500 lease cash

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    any numbers for sonata se and sport 2.4? 36mo, 12k per year, Ohio
  • MichaellMichaell ColoradoModerator Posts: 186,798
    tonyg2016 said:

    any numbers for sonata se and sport 2.4? 36mo, 12k per year, Ohio

    SE - .00058 and 55%
    Sport 2.4 - .00055 and 53%

    $2000 lease cash.

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  • klnmcmgklnmcmg Member Posts: 110
    MF and RV for Ltd 2.0 in NC? 36/15
  • MichaellMichaell ColoradoModerator Posts: 186,798
    klnmcmg said:

    MF and RV for Ltd 2.0 in NC? 36/15

    .00089 and 50%. $2000 lease cash.

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  • steveinocsteveinoc Member Posts: 35
    What would be a good deal on a 2016 Hyundai Sonata Limited in southern California that's listed at $31,605 ($27,350 base + $3,100 Limited Tech package + something else that makes up the balance)? I'm looking for a 36/12 or 36/15. Credit 750+. I can pay $1,000 down.

    Also, my current lease (Toyota) expires on 9/30. Current Hyundai deals expire on 8/1. Any guesses on whether Hyundai will extend current deals beyond 8/1? I'm trying to decide if it's worth it to get the Hyundai now or risk waiting closer to my current lease expiration date.
  • MichaellMichaell ColoradoModerator Posts: 186,798
    steveinoc said:

    What would be a good deal on a 2016 Hyundai Sonata Limited in southern California that's listed at $31,605 ($27,350 base + $3,100 Limited Tech package + something else that makes up the balance)? I'm looking for a 36/12 or 36/15. Credit 750+. I can pay $1,000 down.

    Also, my current lease (Toyota) expires on 9/30. Current Hyundai deals expire on 8/1. Any guesses on whether Hyundai will extend current deals beyond 8/1? I'm trying to decide if it's worth it to get the Hyundai now or risk waiting closer to my current lease expiration date.

    Is this the Limited 2.0T or the Limited 2.4?

    No guesses on what will happen to the numbers in the next month or two.

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  • steveinocsteveinoc Member Posts: 35
    Michaell said:

    steveinoc said:


    Is this the Limited 2.0T or the Limited 2.4?

    No guesses on what will happen to the numbers in the next month or two.

    The Limited 2.4.
  • MichaellMichaell ColoradoModerator Posts: 186,798
    steveinoc said:

    Michaell said:

    steveinoc said:


    Is this the Limited 2.0T or the Limited 2.4?

    No guesses on what will happen to the numbers in the next month or two.

    The Limited 2.4.
    36/12 on Limited 2.4 is .00087 and 56%. Subtract 2% for 15K. $2000 lease cash.

    Need both the MSRP and adjusted capitalized cost in order to figure the payment.

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  • tonyg2016tonyg2016 midwest, usaMember Posts: 728
    Summer cash was increased to $1000 in some areas and is good for lease too!

    " Customer Cash Back
    $1,000 Summer Sales Cash available on all 2016 Hyundai Sonata purchased from dealer stock between July 9, 2016 and August 1, 2016. See participating dealer for details. Offer ends August 1, 2016."
  • meggipantsmeggipants Member Posts: 25
    I would greatly appreciate MF and residual value for a hyundai sonata plugin hybrid limited in Maryland. Any incentives to go with it ? Assume 750 credit score..
    Thanks !
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