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2017 Hyundai Elantra Lease Deals and Prices
Ask your 2017 Elantra lease questions here! Get info about prices, money factor, deals, incentives, and payments
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Can someone tell me how much the monthly payment is for 36 month/12k lease?
Payment is dependent on MSRP and negotiated price.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
What would the residual and MF be for a 2017 limited 36/12 in PA? Any lease cash or other incentives?
Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
for 36 month/12k lease? Thanks in advance.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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!
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36/12 for tier 5 - .00159 and 60%. Tier 6 MF is .00211
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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.
SE MT - .00015 and 59%
SE AT - .00059 and 63%
Limited - .00059 and 61%
$500 lease cash. Subtract 1% for 12k
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Stick shift - .00015 and 58%
Automatic - .00035 and 62%
$500 lease cash.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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!
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.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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.
"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?
Only if you pay full MSRP without dealer discount. The dealer discount is the difference.
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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.
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)
About your Sonata:
"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... It's a 48/12k lease, I have a little over 43k miles on it."
Now if your Sonata had a lot of excess wear and tear and/or missing equipment, and the dealer agreed to relieve you of your contractual obligation to pay for those before or at the time of trade-in, that relief WOULD sweeten your deal. But simply waiving the payments for the last few months of your Sonata lease is not a money maker for you. Sure, you don't pay for those months, but you also do not have the use of the Sonata for those months either. And unless you get a refund for three months worth of license and registration fees and a refund for the 5000 miles that you did not drive, you lost all that by trading before lease end. The fact is you paid the full price or more for all the months you had the Sonata. No discount was given to you at all, but the dealer was able to unload one of his units to you earlier, and get a 3 month newer and 5000 lower mile trade-in Sonata to boot.
I'll show you how to calculate a correct monthly rent charge. Monthly rent is (Adjusted Cap Cost + Residual value)*(Money factor). In this case, that would be ($24,460+16716)*(0.00034) = 13.99, let's just call it $14 a month. That's the easy way to do it with Money Factor. Let's try the traditional way with the interest rate.
We've already established the 0.816% interest rate. There's two parts to note here.
The first part is for the depreciation (or the "loan" portion of the lease) of $7744. However, they don't just simply apply the 0.816% to the entire $7744. They use the average balance of the "loan" to calculate the interest charge for the loan, which is always the amount divided by two. 7744/2=3872. Now we apply the 0.816% to the 3872. 3872*0.00816=31.59552 (this is the yearly interest for the 7744 portion of the "loan". 31.59552/12=$2.63 per month.
Ok, now part two. They use the same interest rate against the residual value of the car. This is an interest only calculation. $16716*0.00816=$136.40 a year. $136.40/12=$11.36 per month.
$2.63 + $11.36 = $13.99 of monthly rent on this lease (*GASP* - $14)
Final numbers
Monthly depreciation $7744/36=$215.11
Monthly Rent charge = $14.00 ($504 over the life of the lease, not even close to your $98)
Tax @ 9% = $20.62
Total = $249.73
Add this in to the fact that I brought over $1k NEGATIVE EQUITY into this deal, a $260 dollar payment is a great deal. In fact, if you add in the $1080 negative equity into this deal, I get a payment of $282.83 (tax included). Also, the dealer is covering the first payment as well. So you can sit there and try to make yourself feel better by putting other people's deals down, but you should take this chance to actually learn how a lease deal works, because the only thing you can really do, it seems, is calculating the depreciation cost on a lease.
Or in your case, I'd just download a lease calculator. Probably easier on the brain.
My previous note showed numbers and calculations so readers could answer my second question, "...am I thinking correctly here?" And now, thanks in part to your vitriolic response, I see that I was thinking correctly, except for a MF typo and the fact I forgot to add interest charges to cover the residual value during the lease period.
But, to help set your mind at ease, and to prevent you from further alarm and repeated irregular breathing patterns (and possible anxiety attack) as you read here, I'll explain how I got the $98 as interest on your lease. First, as you noticed, I used a wrong money factor. I calculated the comparable interest rate of .84% using .00035 MF. But that only makes a difference of 17 cents a month, so big whoop! But yeah, it should have been .816%. My second mistake was to not including interest on the residual as part of the lease cost. Using the same method I should have I estimated it as 16,716 x .816 x 3 = 409. So, total interest of about 507 instead of your more correct 504, hardly a difference.
Based on your indirect response, I think I can now affirmatively answer my first question, repeated here: "...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..."
I am not sure why you decided I am not feeling well, but thanks for your concern, I guess. But more puzzling, what makes you think I am putting your deal down, since all I have done is to state facts and ask for clarification of your posts so I can evaluate your deal? I have not even stated my opinion of your deal. And remember, you are the one who asked for opinions about your deal in the first place.
It seems you really only wanted opinions that matched your own, "...I think I did well considering... and they gave me a smoking deal."
I'll pass on to you some good advice I once received from a person with some wisdom, "If you ain't wanting the answer, then don't ask the question!"
And for your information, I asked for the experts' opinions. I don't need input from someone who doesn't understand leasing in general. The fact that you conveniently chose to ignore the fact that I got the dealer to absorb the first payment + $1,080 in negative equity to a tune of $11 dollars a month means you know absolutely nothing about leasing. Your math is suspect (98 versus 504 dollars, yeah close enough), and you don't even know how a lease return works.
So keep on straining your brain trying to figure out my deal, I already got my answer from the moderators. This is my last post, wont waste my breath on amateurs like you pretending to know the "numbers".
You typed:
Final numbers
Monthly depreciation $7744/36=$215.11
Monthly Rent charge = $14.00 ($504 over the life of the lease, not even close to your $98)
Tax @ 9% = $20.62
Total = $249.73
Figuring the total cost of your lease including the $500 paid at signing, so your total lease cost includes all tax, plus title, plus first year license, then the 36 equal monthly payment amount goes up, right?
249.73 x 36 = 8990.28
8990.28 + 500 = 9490.28
9490.28 / 36 = 263.62
But if your dealer paid the first monthly 263.62, the total you pay is 9226.66 which is the same as 36 equal payments of 256.30
Please desist.
If you think this applies only to you, or doesn't apply to you, then you are wrong.
If you feel singled out by this post, then you are also wrong.
Hope that is clear to everyone.
Thanks!!
(Also, this post is not up for commentary from the members)
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SE +Popular Equipment Package for SE ,
36/15 for Zip code 32084 , is there any lease cash?
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Let's say a dealer agrees to a price $1000 lower than MSRP, about a 3.5% discount, then gets the customer to sign over any applicable rebates and incentives to the dealer. If those amount to $2400, then the dealer is getting not only MSRP for his car, but $1400 over MSRP! So then the benevolent dealer "pays" the drive-off fees for the lessee: 1st month payment plus doc fee plus title/license plus $500 cash down payment, maybe a total of $1400. In that case, the dealer just made a full price MSRP deal. And if he buys the nice, late model, low mileage lease return from HMF, the car he just took in on the deal, maybe he can make a nice profit on it too.
When you negotiate the selling price rather than the payment, and are aware of any lease-specific incentives, it doesn't leave a lot of room for the dealer to make money. Knowledge is power.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can i please have the MF, Residual numbers, and any incentives on a 2017 Hyundai Elantra Limited 2.0L Automatic 36months 12k Miles - in Miami Florida
Thanks!
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