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2017 Hyundai Elantra Lease Deals and Prices

MichaellMichaell ColoradoPosts: 110,135
edited September 2017 in Hyundai
Ask your 2017 Elantra lease questions here! Get info about prices, money factor, deals, incentives, and payments

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

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Comments

  • Can I get the residual % and money factor for Elantra SE Automatic with Popular Equipment Package?
    Can someone tell me how much the monthly payment is for 36 month/12k lease?
  • MichaellMichaell ColoradoPosts: 110,135

    Can I get the residual % and money factor for Elantra SE Automatic with Popular Equipment Package?
    Can someone tell me how much the monthly payment is for 36 month/12k lease?

    .00092 and 62%. $500 lease cash.

    Payment is dependent on MSRP and negotiated price.

    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

  • m3zd32016m3zd32016 Posts: 34
    Hello,

    What would the residual and MF be for a 2017 limited 36/12 in PA? Any lease cash or other incentives?

    Thanks!
  • MichaellMichaell ColoradoPosts: 110,135
    m3zd32016 said:

    Hello,

    What would the residual and MF be for a 2017 limited 36/12 in PA? Any lease cash or other incentives?

    Thanks!

    .00104 and 61%. $500 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

  • jjgauchojjgaucho Posts: 4
    Do you have April numbers? Would love to know the residual and MF for a 2017 SE automatic w/ tech package 36/10 in CA. Any incentives being offered?

    Thanks!
  • MichaellMichaell ColoradoPosts: 110,135
    jjgaucho said:

    Do you have April numbers? Would love to know the residual and MF for a 2017 SE automatic w/ tech package 36/10 in CA. Any incentives being offered?

    Thanks!

    .00059 and 63%. $500 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

  • Can I get the April residual % and money factor for 2017 Elantra Limited Automatic with Tech Package
    for 36 month/12k lease? Thanks in advance.
  • MichaellMichaell ColoradoPosts: 110,135

    Can I get the April residual % and money factor for 2017 Elantra Limited Automatic with Tech Package
    for 36 month/12k lease? Thanks in advance.

    .00077 and 61%. $500 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

  • Thank you very much.
  • Hello,
    Could you please provide money factor, residual and any lease cash for Washington State on both 2017 Elantra SE (popular equipment package) automatic ? It would be for 36/10
    Thanks in advance!
  • kyfdxkyfdx Posts: 119,799

    Hello,
    Could you please provide money factor, residual and any lease cash for Washington State on both 2017 Elantra SE (popular equipment package) automatic ? It would be for 36/10
    Thanks in advance!

    SE auto: .00059 MF and 63% residual. $500 lease cash

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

    Edmunds Moderator

  • calmark999calmark999 CaliforniaPosts: 27
    MF/Residual for Limited with Ultimate and Tech packages, 36/12 and 24/12, Tier 5 and Tier 6 credit. Thank you.
  • MichaellMichaell ColoradoPosts: 110,135

    MF/Residual for Limited with Ultimate and Tech packages, 36/12 and 24/12, Tier 5 and Tier 6 credit. Thank you.

    Hyundai does not have 24 month lease terms.

    36/12 for tier 5 - .00159 and 60%. Tier 6 MF is .00211

    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

  • ariesgeekariesgeek Posts: 13
    State : MO
    Credit : 727 EQ / 749 EX / 745 TU
    Preferred term : 10k/36
    Alternative term : 12k/36

    RV and MF for:
    2017 SE Manual
    2017 SE Auto
    2017 Limited

    Thank you in advance.
  • MichaellMichaell ColoradoPosts: 110,135
    ariesgeek said:

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

    RV and MF for:
    2017 SE Manual
    2017 SE Auto
    2017 Limited

    Thank you in advance.

    36/10 numbers
    SE MT - .00015 and 59%
    SE AT - .00059 and 63%
    Limited - .00059 and 61%

    $500 lease cash. Subtract 1% for 12k

    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

  • joe131joe131 Posts: 996
    2017 Elantra SE with Popular Equipment Package and a few factory extras.
    How good a deal would this be? 36 equal monthly payments of $173. Nothing else to pay over the 36 month / 36,000 mile lease term except for tax, license and title. MSRP = 20,160 but dealer adds bring the bottom line window sticker price to 22,206.
  • MichaellMichaell ColoradoPosts: 110,135
    joe131 said:

    2017 Elantra SE with Popular Equipment Package and a few factory extras.
    How good a deal would this be? 36 equal monthly payments of $173. Nothing else to pay over the 36 month / 36,000 mile lease term except for tax, license and title. MSRP = 20,160 but dealer adds bring the bottom line window sticker price to 22,206.

    Automatic or Manual transmission?

    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

  • joe131joe131 Posts: 996
    I like both. MSRP 20,160 above is automatic.
  • MichaellMichaell ColoradoPosts: 110,135
    joe131 said:

    2017 Elantra SE with Popular Equipment Package and a few factory extras.
    How good a deal would this be? 36 equal monthly payments of $173. Nothing else to pay over the 36 month / 36,000 mile lease term except for tax, license and title. MSRP = 20,160 but dealer adds bring the bottom line window sticker price to 22,206.

    joe131 said:

    I like both. MSRP 20,160 above is automatic.

    36/12 numbers for the 2017 Elantra SE

    Stick shift - .00015 and 58%
    Automatic - .00035 and 62%

    $500 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

  • Hey Michaell, do you have to know the threshold for tier 1 credit for HMf?  Thanks in advance.
  • MichaellMichaell ColoradoPosts: 110,135

    Hey Michaell, do you have to know the threshold for tier 1 credit for HMf?  Thanks in advance.

    Anything over 700 qualifies for the top tier numbers.

    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

  • Can I have the numbers for June for the 17 Elantra Limited?  36/12
  • MichaellMichaell ColoradoPosts: 110,135

    Can I have the numbers for June for the 17 Elantra Limited?  36/12

    .00034 and 60%. $500 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

  • supakimcheesupakimchee Posts: 10
    edited June 2016
    Just signed contract on a 2017 Elantra Limited with tech and ultimate package (completely loaded).

    MSRP 27860
    Net cap cost 24460 (includes 500 for lease rebate, 500 for loyalty, 1000 for uber, 400 for new grad)
    MF 0.00034
    Residual 60% for 36/12k
    Drive off $500 (license 200 something, 200 something tax on 2400 rebate which I guess counts as cap cost reduction, and $80 doc fee)
    $0 down (Cap cost reduction from me)

    Payment came out to $249.73 tax included.

    However, I turned in a 2012 Hyundai Sonata lease with 3 payments left for $1080 dollars total. The dealer agreed to pay the $1080 to HMF and my total monthly is now $260.15 tax included.

    I think I did well considering I didn't eat the full $1080 remaining on my previous lease and they gave me a smoking deal. Recalculating the monthly of 260, it seems they added only $340 to the final price and essentially ate the $740. The manager basically said they had to report sales numbers to their bosses tomorrow and I was the only customer on the showroom floor. Hence, he was willing to do anything to earn my business.

     As a comparison, I went to another Hyundai dealer yesterday and all they could offer was a 2017 Elantra limited with no options (MSRP of $23,655) for $300 a month, same MF.

     Please weigh in on this deal, oh gurus of Edmunds!
  • MichaellMichaell ColoradoPosts: 110,135

    Just signed contract on a 2017 Elantra Limited with tech and ultimate package (completely loaded).


    MSRP 27860

    Net cap cost 24460 (includes 500 for lease rebate, 500 for loyalty, 1000 for uber, 400 for new grad)

    MF 0.00034

    Residual 60% for 36/12k

    Drive off $500 (license 200 something, 200 something tax on 2400 rebate which I guess counts as cap cost reduction, and $80 doc fee)

    $0 down (Cap cost reduction from me)

    Payment came out to $249.73 tax included.


    However, I turned in a 2012 Hyundai Sonata lease with 3 payments left for $1080 dollars total. The dealer agreed to pay the $1080 to HMF and my total monthly is now $260.15 tax included.


    I think I did well considering I didn't eat the full $1080 remaining on my previous lease and they gave me a smoking deal. Recalculating the monthly of 260, it seems they added only $340 to the final price and essentially ate the $740. The manager basically said they had to report sales numbers to their bosses tomorrow and I was the only customer on the showroom floor. Hence, he was willing to do anything to earn my business.


     As a comparison, I went to another Hyundai dealer yesterday and all they could offer was a 2017 Elantra limited with no options (MSRP of $23,655) for $300 a month, same MF.

     Please weigh in on this deal, oh gurus of Edmunds!

    $260/mo (with tax and some of the balance of your previous lease) on a $28K car is a pretty good deal.

    I was trying to get an SE with PEP and Tech, but my local dealer couldn't hit my budget numbers.

    Which is fine, as I like my Elantra GT I'm currently leasing until November.

    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 Michaell!  I've been lurking for a few months on these forums cross shopping so many different cars, but I'm glad I'm out of the leasing game for another 3 years.  

    I did see the GTs as well, definitely cool cars as well (I actually love hatchbacks).

    Ill still be around asking for friends and family, as somehow I became an unofficial car broker in my social circles.  You guys always make me look good, haha.
  • joe131joe131 Posts: 996
    About your 260/mo deal:
    "MSRP 27860 Net cap cost 24460 (includes 500 for lease rebate, 500 for loyalty, 1000 for uber, 400 for new grad)"
    Should MSRP minus the rebates equal net cap cost? If so, what are the correct numbers, because yours don't add up.
    What is the sales tax rate?
    How much did registration and license plates cost?
    About your Sonata:
    How many months and miles was its lease?
    How many miles on it at time of trade?
    Did the dealer inspect it for excess wear and tear and missing parts? If so, what were the estimated repair/replacement costs?
    When comparing lease deals, I like to keep it simple. Months, miles, MSRP, payment.
    What is the bottom line MSRP of each car being compared? And, how much are the equal monthly payments for every month of the lease not including tax, license, title?


  • kyfdxkyfdx Posts: 119,799
    @joe131 "Should MSRP minus the rebates equal net cap cost? If so, what are the correct numbers, because yours don't add up."

    Only if you pay full MSRP without dealer discount. The dealer discount is the difference.

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

    Edmunds Moderator

  • supakimcheesupakimchee Posts: 10
    edited June 2016
    joe131 said:
    About your 260/mo deal: "MSRP 27860 Net cap cost 24460 (includes 500 for lease rebate, 500 for loyalty, 1000 for uber, 400 for new grad)" Should MSRP minus the rebates equal net cap cost? If so, what are the correct numbers, because yours don't add up. What is the sales tax rate? How much did registration and license plates cost? About your Sonata: How many months and miles was its lease? How many miles on it at time of trade? Did the dealer inspect it for excess wear and tear and missing parts? If so, what were the estimated repair/replacement costs? When comparing lease deals, I like to keep it simple. Months, miles, MSRP, payment. What is the bottom line MSRP of each car being compared? And, how much are the equal monthly payments for every month of the lease not including tax, license, title?
    I negotiated 1k off before adding all my incentives. Sales tax rate is 9%, but that's only applied to the monthly.  I did have to pay tax on the $2400 in rebates.  License/registration was 200 something, I can't recall it off the top of my head.

    I haven't returned the Sonata yet, because I'm contemplating whether I want to repair the damage on my front bumper.  It's a 48/12k lease, I have a little over 43k miles on it.

    You absolutely don't want to keep lease deals simple (by limiting what you look at) when comparing them.  You have to take into MF and residuals, as well as many other variables.  Remember, dealers and car manufacturers make the leasing process convoluted for a reason.  Once you understand all the nuances of leasing, it gets easier, but it's never simple.

    Also, don't negotiate based on monthly payments.  What I usually do is this: negotiate a price without any incentives first.  Once you get a price you like, add all your incentives in.  I'm a Tier 1 so I always ask for the buy rate MF.  If they don't do the base MF, just find another dealer.  At this point, I usually just give the dealer what my payment will be by calculating it myself.  Remember, MF x 2400 is the interest rate on a lease which is the "monthly rent" portion.  Add that to the monthly depreciation and tax and that's the total payment.
  • joe131joe131 Posts: 996
    I am trying to understand your 36 mo/ 36K mile, $500 at signing + $260.15/mo lease deal.

    Is this your deal? 500 paid at signing, then 35 equal monthly payments of 260.15 for a total of 9605.25 including tax, title and 1st year license plate?
    If so, that 9605.25 is the same as
    36 equal monthly payments of 266.81 OR
    35 equal monthly payments of 274.44

    Are you paying 546.21 too much? Both of those payments are about 15/mo higher than what I calculate below.

    To calculate the payment, am I thinking correctly here?
    Residual = 60% x 27860 msrp = 16716
    Depreciation = 40% x 27860 = 11144
    Discount and rebates = 3400
    11144 depreciation minus 3400 discount and rebates = 7744 depreciation to pay during lease
    (same as 24460 net cap cost minus 16716 residual = 7744 depreciation to pay during lease)
    Money factor 0.00034 same as about 0.84 APR so about 98 interest owed over 36 mo
    7744 + 98 = 7841
    7841 + 80 doc fee = 7921
    7921 / 36 payments = 220.03 mo without tax/title/license (239.83 with tax)
    7921 / 35 payments = 226.31 mo without tax/title/license (246.68 with tax; )

    I included the 80 doc fee above.
    You paid 216 tax and you paid 204 title and license at signing. If that 420 had not been paid at signing, but instead been paid within equal monthly payments, it would add 420 plus about 5.30 interest over the lease term OR that is:
    +11.81/mo if 36 payments = 251.64 with TTL and prepaid tax
    + 12.15/mo if 35 payments = 258.83 with TTL and prepaid tax
    (9059.04 total)
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