2017 Hyundai Tucson Lease Deals and Prices

xracerfl

May I please get the MF/RV & Lease Incentives for a 2017 Tucson Limited FWD 36/10 in Florida, 32827. Thanks in advance.

Michaell

xracerfl said:

May I please get the MF/RV & Lease Incentives for a 2017 Tucson Limited FWD 36/10 in Florida, 32827. Thanks in advance.

.00129 and 59%. $1500 lease cash

rahduke

Hi Can someone help provide MF, Residual Value and current lease cash on a 2017 Hyundai Tuscon SE Plus w/AWD or a Tuscon Sport w/ AWD in NY? Perfect credit, 36month, 12k mile lease... I'm going this evening to two Hyundai dealers

Michaell

rahduke said:

Hi Can someone help provide MF, Residual Value and current lease cash on a 2017 Hyundai Tuscon SE Plus w/AWD or a Tuscon Sport w/ AWD in NY? Perfect credit, 36month, 12k mile lease... I'm going this evening to two Hyundai dealers

SE AWD - .00099 and 62%
Sport AWD - .00126 and 60%

$1500 lease cash

rahduke

Michaell said:

Hi Can someone help provide MF, Residual Value and current lease cash on a 2017 Hyundai Tuscon SE Plus w/AWD or a Tuscon Sport w/ AWD in NY? Perfect credit, 36month, 12k mile lease... I'm going this evening to two Hyundai dealers

SE AWD - .00099 and 62% Sport AWD - .00126 and 60% $1500 lease cash

Thank you very much sir! Just got back from dealership, they gave me a price of $28,970, $1500 lease cash and they are paying off 2200 miles (.20¢) $484 overage from the end of lease car I'm handing in. I'm putting down $2500 for a 36/12 lease. Payment they gave me is $258 am I getting a good deal? 

It's a Tuscon sport 1.6 turbo in gray w/AWD.

Michaell

rahduke said:

Michaell said:

Hi Can someone help provide MF, Residual Value and current lease cash on a 2017 Hyundai Tuscon SE Plus w/AWD or a Tuscon Sport w/ AWD in NY? Perfect credit, 36month, 12k mile lease... I'm going this evening to two Hyundai dealers

SE AWD - .00099 and 62%
Sport AWD - .00126 and 60%

$1500 lease cash

Thank you very much sir! Just got back from dealership, they gave me a price of $28,970, $1500 lease cash and they are paying off 2200 miles (.20¢) $484 overage from the end of lease car I'm handing in. I'm putting down $2500 for a 36/12 lease. Payment they gave me is $258 am I getting a good deal? 

It's a Tuscon sport 1.6 turbo in gray w/AWD.

Is the $28,970 the MSRP or the selling price? We need both to run the numbers.

And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

rahduke

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Michaell

rahduke said:

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Ask for the adjusted cap cost, and a full accounting of the $2500.

rahduke

Michaell said:

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Ask for the adjusted cap cost, and a full accounting of the $2500.

Hey Michaell,

When I called for those numbers they gave me an adjusted cap cost of $26,419 taxes of $1247 and a bank fee of $595. What they failed to disclose earlier was that these fees aren't rolled into the price. As a result I would either have to come out of pocket an additional $1842 or have my payment increased to $297. I feel pretty burnt by them.... What do you think?

automan822

Can I get the Res., M/F, 36/15, & rebate, on the Tucson Sport FWD in Los Angeles
Thanks

Michaell

rahduke said:

Michaell said:

rahduke said:

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Ask for the adjusted cap cost, and a full accounting of the $2500.

Hey Michaell,

When I called for those numbers they gave me an adjusted cap cost of $26,419 taxes of $1247 and a bank fee of $595. What they failed to disclose earlier was that these fees aren't rolled into the price. As a result I would either have to come out of pocket an additional $1842 or have my payment increased to $297. I feel pretty burnt by them.... What do you think?

Yeah, that'll happen.

We recommend you roll the fees into the payment. But, your choice.

Michaell

automan822 said:

Can I get the Res., M/F, 36/15, & rebate, on the Tucson Sport FWD in Los Angeles
Thanks

I only see the Sport in AWD - .00126 and 58%. $1500 lease cash.

rahduke

Michaell said:

Michaell said: 

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Ask for the adjusted cap cost, and a full accounting of the $2500.

Hey Michaell,

When I called for those numbers they gave me an adjusted cap cost of $26,419 taxes of $1247 and a bank fee of $595. What they failed to disclose earlier was that these fees aren't rolled into the price. As a result I would either have to come out of pocket an additional $1842 or have my payment increased to $297. I feel pretty burnt by them.... What do you think?

Yeah, that'll happen. We recommend you roll the fees into the payment. But, your choice.

I ended up calling two other local Hyundai dealers. One agreed Just got home with my new Tuscon Sport. $2500 out of pocket, payment of $258 on 36/12 rolled in taxes+fees. Took a lot of work but got the deal we wanted in the end. Thank you so much for your help! You probably saved me over $1500

Michaell

rahduke said:

Michaell said:

Michaell said: 

Is the $28,970 the MSRP or the selling price? We need both to run the numbers. And, what is the breakdown of the $2500 you are giving them? I doubt they are 'paying off' the mileage charges - they might be going into the new lease payment.

Sadly they didn't provide that info. I'll call them this morning, can you give me a list of exactly what to ask for? 

Ask for the adjusted cap cost, and a full accounting of the $2500.

Hey Michaell,

When I called for those numbers they gave me an adjusted cap cost of $26,419 taxes of $1247 and a bank fee of $595. What they failed to disclose earlier was that these fees aren't rolled into the price. As a result I would either have to come out of pocket an additional $1842 or have my payment increased to $297. I feel pretty burnt by them.... What do you think?

Yeah, that'll happen.

We recommend you roll the fees into the payment. But, your choice.

I ended up calling two other local Hyundai dealers. One agreed Just got home with my new Tuscon Sport. $2500 out of pocket, payment of $258 on 36/12 rolled in taxes+fees. Took a lot of work but got the deal we wanted in the end. Thank you so much for your help! You probably saved me over $1500

Congrats!

mkotda10

Hi, I am looking for 36/15000 lease please provide MF, RV, and incentives. My zip code is 01581. Thanks

Michaell

mkotda10 said:

Hi, I am looking for 36/15000 lease please provide MF, RV, and incentives. My zip code is 01581. Thanks

What trim level?

FWD or AWD?

mkotda10

AWD

mkotda10

Limited with ultimate package

kyfdx

mkotda10 said:

Hi, I am looking for 36/15000 lease please provide MF, RV, and incentives. My zip code is 01581. Thanks

mkotda10 said:

AWD

mkotda10 said:

Limited with ultimate package

.00151 MF and 58% residual.
$1500 lease cash

mkotda10

thanks

pranjal1

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

Michaell

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

prospectivesuv

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

Michaell

prospectivesuv said:

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

.00099 and 62%.

$1500 lease cash

nmlky984

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.



MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Michaell

nmlky984 said:

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.

MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Chicago area or city of Chicago?

I ask because you'll pay tax twice if you live in Chicago proper - state sales tax against the sum of the payments, then city sales tax against the monthly payment. Something like 17% total tax.

nmlky984

Michaell said:

nmlky984 said:

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.

MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Chicago area or city of Chicago?

I ask because you'll pay tax twice if you live in Chicago proper - state sales tax against the sum of the payments, then city sales tax against the monthly payment. Something like 17% total tax.

It is in the suburbs, so hope I wont be paying it twice.
Any thoughts about the calculations and this weird super high title fees? Is that normal for the state by any chance?

Michaell

nmlky984 said:

Michaell said:

nmlky984 said:

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.

MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Chicago area or city of Chicago?

I ask because you'll pay tax twice if you live in Chicago proper - state sales tax against the sum of the payments, then city sales tax against the monthly payment. Something like 17% total tax.

It is in the suburbs, so hope I wont be paying it twice.
Any thoughts about the calculations and this weird super high title fees? Is that normal for the state by any chance?

I've never seen title fees that high ... check with another dealer and see if you get a similar number. Could be the first dealer is marking them up for some reason.

nmlky984

Michaell said:

nmlky984 said:

Michaell said:

nmlky984 said:

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.

MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Chicago area or city of Chicago?

I ask because you'll pay tax twice if you live in Chicago proper - state sales tax against the sum of the payments, then city sales tax against the monthly payment. Something like 17% total tax.

It is in the suburbs, so hope I wont be paying it twice.
Any thoughts about the calculations and this weird super high title fees? Is that normal for the state by any chance?

I've never seen title fees that high ... check with another dealer and see if you get a similar number. Could be the first dealer is marking them up for some reason.

So he finally got back to me, he said that he made a mistake, he meant 1,257 taxes not title.
It still does not make a lot of sense with those numbers, but just to make sure before start negotiating him, could you please give me MF/RV for 10k/36m lease on AWD Limited with ultimate package?

kyfdx

nmlky984 said:

Michaell said:

nmlky984 said:

Michaell said:

nmlky984 said:

Hi,
I got this offer for a 2017 Tucson AWD Limited with ultimate pack. This is in Chicago area, sales tax is 8%.
I feel something is wrong with title/plates/doc fees. Please advise.

MSRP-$35,475

-$2,000-rebate

-$1,257- Title

-$221.00-Plates

-$595.00-Acquisition Fee

-$172.15- Doc Fee

w $0 down

$434.00 a month -36 months 10k miles/year- Must Qualify w/700 credit score

w $1,000 down $ 404.00 a month

Best Price-$31,879.00

Chicago area or city of Chicago?

I ask because you'll pay tax twice if you live in Chicago proper - state sales tax against the sum of the payments, then city sales tax against the monthly payment. Something like 17% total tax.

It is in the suburbs, so hope I wont be paying it twice.
Any thoughts about the calculations and this weird super high title fees? Is that normal for the state by any chance?

I've never seen title fees that high ... check with another dealer and see if you get a similar number. Could be the first dealer is marking them up for some reason.

So he finally got back to me, he said that he made a mistake, he meant 1,257 taxes not title.
It still does not make a lot of sense with those numbers, but just to make sure before start negotiating him, could you please give me MF/RV for 10k/36m lease on AWD Limited with ultimate package?

.00151 MF and 61% residual. $1500 lease cash

prospectivesuv

Michaell said:

prospectivesuv said:

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

.00099 and 62%.

$1500 lease cash

So, am I doing this right? I went to Edmunds lease calculator and used the TrueCar avg for the Tucson SE Plus for my area Base = 26,868 (MSRP 28,150, factory invoice 27,016, market avg 27,279, Truecar avg 26,868)
put in the fees listed = 1185
incentives = 1750
my trade in = 500 ('00 Mitsu Montero 235K mi, not getting much more on it, and not worth selling)
owed on my car = 0
my down pay = 2000
lease term 36 mo
residual value = 62% of 26,868 = 16,658
MF = .00099
Miles = 12,000
Acquisition fee = 600 (pure guess)
gives me:
Total Loan Amount $24,403
Monthly Payment (tax included) $284

So, if I can get them to that true care avg of 26,868 (before fees and incentives), then $284/month should be close to what I can get?

kyfdx

prospectivesuv said:

Michaell said:

prospectivesuv said:

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

.00099 and 62%.

$1500 lease cash

So, am I doing this right? I went to Edmunds lease calculator and used the TrueCar avg for the Tucson SE Plus for my area Base = 26,868 (MSRP 28,150, factory invoice 27,016, market avg 27,279, Truecar avg 26,868)
put in the fees listed = 1185
incentives = 1750
my trade in = 500 ('00 Mitsu Montero 235K mi, not getting much more on it, and not worth selling)
owed on my car = 0
my down pay = 2000
lease term 36 mo
residual value = 62% of 26,868 = 16,658
MF = .00099
Miles = 12,000
Acquisition fee = 600 (pure guess)
gives me:
Total Loan Amount $24,403
Monthly Payment (tax included) $284

So, if I can get them to that true care avg of 26,868 (before fees and incentives), then $284/month should be close to what I can get?

Residual is a percentage of MSRP
Don't know anything about TrueCar, but it's possible their price already includes incentives
Also, incentives on a lease might be different from incentives on a purchase.
Acquisition fee is $595 (good guess)

prospectivesuv

kyfdx said:

prospectivesuv said:

Michaell said:

prospectivesuv said:

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

.00099 and 62%.

$1500 lease cash

So, am I doing this right? I went to Edmunds lease calculator and used the TrueCar avg for the Tucson SE Plus for my area Base = 26,868 (MSRP 28,150, factory invoice 27,016, market avg 27,279, Truecar avg 26,868)
put in the fees listed = 1185
incentives = 1750
my trade in = 500 ('00 Mitsu Montero 235K mi, not getting much more on it, and not worth selling)
owed on my car = 0
my down pay = 2000
lease term 36 mo
residual value = 62% of 26,868 = 16,658
MF = .00099
Miles = 12,000
Acquisition fee = 600 (pure guess)
gives me:
Total Loan Amount $24,403
Monthly Payment (tax included) $284

So, if I can get them to that true care avg of 26,868 (before fees and incentives), then $284/month should be close to what I can get?

Residual is a percentage of MSRP
Don't know anything about TrueCar, but it's possible their price already includes incentives
Also, incentives on a lease might be different from incentives on a purchase.
Acquisition fee is $595 (good guess)

GOT IT! That the residual is a % of MSRP helps the calculation in my favor.
Residual Value now 17,453
which means
Total Loan Amount $24,398
Monthly Payment (tax included) $251

Below is how the pricing details look for for me for the 2017 Hyundai Tucson SE Plus and how I filled in the numbers on the edmunds lease calculator

2017 Hyundai Tucson pricing details near Niles, MI

Detail Item below----- MSRP  Factory Invoice  Market Average  TrueCar Average 
Base  $28,150 $27,016 $27,279 $26,868
Options  $0 $0 $0 $0
Regional Fees  $0 $290 $290 $290
Destination Fees  $895 $895 $895 $895
Customer Incentives  n/a n/a -$1,750 -$1,750

Total $29,045 $28,201 $26,714 $26,303

Estimated Savings off MSRP: $2,742
Your TrueCar Average is $2,742 off of MSRP, now view real prices on local inventory

kyfdx

prospectivesuv said:

kyfdx said:

prospectivesuv said:

Michaell said:

prospectivesuv said:

Michaell said:

pranjal1 said:

Hi do you have MF/residual/lease cash numbers for 2017 Hyundai Tuscon SE Plus AWD. I am looking at a 24/10K mile lease. Trying to decide between a CX5 or a Tuscon. Discarded Honda CRV as they don't lease well.
I am in Southern California.

.00034 and 67%. $1750 lease cash

@Michaell Seriously on the MF? That's like .816%
same info for the 2017 Hyundai Tucson SE Plus AWD for Indiana for 36mo/12K , please

.00099 and 62%.

$1500 lease cash

So, am I doing this right? I went to Edmunds lease calculator and used the TrueCar avg for the Tucson SE Plus for my area Base = 26,868 (MSRP 28,150, factory invoice 27,016, market avg 27,279, Truecar avg 26,868)
put in the fees listed = 1185
incentives = 1750
my trade in = 500 ('00 Mitsu Montero 235K mi, not getting much more on it, and not worth selling)
owed on my car = 0
my down pay = 2000
lease term 36 mo
residual value = 62% of 26,868 = 16,658
MF = .00099
Miles = 12,000
Acquisition fee = 600 (pure guess)
gives me:
Total Loan Amount $24,403
Monthly Payment (tax included) $284

So, if I can get them to that true care avg of 26,868 (before fees and incentives), then $284/month should be close to what I can get?

Residual is a percentage of MSRP
Don't know anything about TrueCar, but it's possible their price already includes incentives
Also, incentives on a lease might be different from incentives on a purchase.
Acquisition fee is $595 (good guess)

GOT IT! That the residual is a % of MSRP helps the calculation in my favor.
Residual Value now 17,453
which means
Total Loan Amount $24,398
Monthly Payment (tax included) $251

Below is how the pricing details look for for me for the 2017 Hyundai Tucson SE Plus and how I filled in the numbers on the edmunds lease calculator

2017 Hyundai Tucson pricing details near Niles, MI

Detail Item below----- MSRP  Factory Invoice  Market Average  TrueCar Average 
Base  $28,150 $27,016 $27,279 $26,868
Options  $0 $0 $0 $0
Regional Fees  $0 $290 $290 $290
Destination Fees  $895 $895 $895 $895
Customer Incentives  n/a n/a -$1,750 -$1,750

Total $29,045 $28,201 $26,714 $26,303

Estimated Savings off MSRP: $2,742
Your TrueCar Average is $2,742 off of MSRP, now view real prices on local inventory

The MSRP is $29045, not $28150 for purposes of figuring the residual.
Those incentives may not be correct for a lease.

rschultz62

MF & RV & incentives please
2017 Tuscan SE plus
FWD.  36/12.  2.0L
At dealer now

kyfdx

rschultz62 said:

MF & RV & incentives please
2017 Tuscan SE plus
FWD.  36/12.  2.0L
At dealer now

.00114 MF and 61% residual.
$1500 lease cash

mnfavis

Hello, could I get the MF and RV & incentives for:
2017 Tucson SE Plus FWD 2.0L
24/12k & 36/12k
Southern California

Thanks!

mnfavis

kyfdx said:

rschultz62 said:

MF & RV & incentives please
2017 Tuscan SE plus
FWD.  36/12.  2.0L
At dealer now

.00114 MF and 61% residual.
$1500 lease cash

Is this applicable to SoCal?

kyfdx

Sorry, but we haven't seen the April numbers for Hyundai, yet.

kyfdx

mnfavis said:

Hello, could I get the MF and RV & incentives for:
2017 Tucson SE Plus FWD 2.0L
24/12k & 36/12k
Southern California

Thanks!

.00154 MF and 67% residual. $1250 lease cash
.00114 MF and 61% residual. $1000 lease cash

cobm428

Hi I live in Michigan do you have a MF and Residual for 10k and 12K 36 mo on a Tucson limited with ultimate package thanks you !

kyfdx

cobm428 said:

Hi I live in Michigan do you have a MF and Residual for 10k and 12K 36 mo on a Tucson limited with ultimate package thanks you !

Assuming AWD?

.00151 MF and 61%/60% residual.
$1000 lease cash

noobie_noob

Hi,

I'd really appreciate some help with the numbers I got from a dealer today.
This is for a 2017 Tucson Limited AWD with the Unlimited package in Seattle area (WA).

MSRP was ~35,300, the negotiated price was ~29,300. Residual was 61%, MF was .00191 (looked really high, as my credit score is in the high 700s). Cash down was 2,000. 36 months with 10K a year.

With all this their calculation came down to ~350/month.

Now I'm new to leasing as I was buying the cars before this, so my only reference point are the online lease calculators. Every single one of them I tried with these numbers didn't give me a monthly payment over 300, tax included (9.5% over here), mostly it was around $260/month.

Am I missing something? How can I be paying them over $12K over 3 years, when the price difference on the car is only 6K (negotiated price - residual - cashdown)???

Thanks a lot in advance!

kyfdx

noobie_noob said:

Hi,

I'd really appreciate some help with the numbers I got from a dealer today.
This is for a 2017 Tucson Limited AWD with the Unlimited package in Seattle area (WA).

MSRP was ~35,300, the negotiated price was ~29,300. Residual was 61%, MF was .00191 (looked really high, as my credit score is in the high 700s). Cash down was 2,000. 36 months with 10K a year.

With all this their calculation came down to ~350/month.

Now I'm new to leasing as I was buying the cars before this, so my only reference point are the online lease calculators. Every single one of them I tried with these numbers didn't give me a monthly payment over 300, tax included (9.5% over here), mostly it was around $260/month.

Am I missing something? How can I be paying them over $12K over 3 years, when the price difference on the car is only 6K (negotiated price - residual - cashdown)???

Thanks a lot in advance!

Last question answered first. You are borrowing $30K to lease the car. The money factor is a substitute for the finance charges on that money. .00191 is equivalent to about 3.5% APR. The difference is finance charges on the lease (+ acquisition fees, etc, etc)

That said, the base MF is .00151, so it looks like they are marking that up for extra profit.
$2000 should be more than enough to cover 1st payment, $595 acquisition fee and DMV/dealer fees. Using the marked up money factor, I get $312.84/mo.+tax = $342.56/mo, at 9.5% sales tax.

So, only about $8/mo. off.

I'll guess that you are entering the $2000 as a downpayment in the lease calculator, but it really isn't. You have to subtract 1st payment, acquisition fee and any other fees that aren't paid upfront. There is also tax on any rebates to be paid upfront.

Ask for a breakdown of those extra charges, and also for the adjusted CAP cost. (Is it actually $29,300?)
Also, get exact numbers. It's amazing how a little rounding up or down adds or subtracts from the payment.
And, insist on the base money factor. That alone will knock $22/mo. off the payment.

noobie_noob

kyfdx said:

noobie_noob said:

Hi,

I'd really appreciate some help with the numbers I got from a dealer today.
This is for a 2017 Tucson Limited AWD with the Unlimited package in Seattle area (WA).

MSRP was ~35,300, the negotiated price was ~29,300. Residual was 61%, MF was .00191 (looked really high, as my credit score is in the high 700s). Cash down was 2,000. 36 months with 10K a year.

With all this their calculation came down to ~350/month.

Now I'm new to leasing as I was buying the cars before this, so my only reference point are the online lease calculators. Every single one of them I tried with these numbers didn't give me a monthly payment over 300, tax included (9.5% over here), mostly it was around $260/month.

Am I missing something? How can I be paying them over $12K over 3 years, when the price difference on the car is only 6K (negotiated price - residual - cashdown)???

Thanks a lot in advance!

Last question answered first. You are borrowing $30K to lease the car. The money factor is a substitute for the finance charges on that money. .00191 is equivalent to about 3.5% APR. The difference is finance charges on the lease (+ acquisition fees, etc, etc)

That said, the base MF is .00151, so it looks like they are marking that up for extra profit.
$2000 should be more than enough to cover 1st payment, $595 acquisition fee and DMV/dealer fees. Using the marked up money factor, I get $312.84/mo.+tax = $342.56/mo, at 9.5% sales tax.

So, only about $8/mo. off.

I'll guess that you are entering the $2000 as a downpayment in the lease calculator, but it really isn't. You have to subtract 1st payment, acquisition fee and any other fees that aren't paid upfront. There is also tax on any rebates to be paid upfront.

Ask for a breakdown of those extra charges, and also for the adjusted CAP cost. (Is it actually $29,300?)
Also, get exact numbers. It's amazing how a little rounding up or down adds or subtracts from the payment.
And, insist on the base money factor. That alone will knock $22/mo. off the payment.

Thanks a lot for the response! really appreciate it.
I thought .00191 comes to about 4.58% APR doesn't it? (.00191 * 2400)...
$350 I was quoted was pre tax, so I had to be paying them over $380 actually. That's what baffled me...
The cap was really 29K, and that's pretty much what they offered without much negotiation (6K off MSRP), which was surprising at the beginning, but I guess they later tried to make up their money through this high monthly...

So with all this in mind, I guess I'll try another dealership... Should I be going for 61% and .00151?
Also with 2K down, what do you think a good monthly should be? around 300 pre tax?

Thanks again!

kyfdx

noobie_noob said:

kyfdx said:

noobie_noob said:

Hi,

I'd really appreciate some help with the numbers I got from a dealer today.
This is for a 2017 Tucson Limited AWD with the Unlimited package in Seattle area (WA).

MSRP was ~35,300, the negotiated price was ~29,300. Residual was 61%, MF was .00191 (looked really high, as my credit score is in the high 700s). Cash down was 2,000. 36 months with 10K a year.

With all this their calculation came down to ~350/month.

Now I'm new to leasing as I was buying the cars before this, so my only reference point are the online lease calculators. Every single one of them I tried with these numbers didn't give me a monthly payment over 300, tax included (9.5% over here), mostly it was around $260/month.

Am I missing something? How can I be paying them over $12K over 3 years, when the price difference on the car is only 6K (negotiated price - residual - cashdown)???

Thanks a lot in advance!

Last question answered first. You are borrowing $30K to lease the car. The money factor is a substitute for the finance charges on that money. .00191 is equivalent to about 3.5% APR. The difference is finance charges on the lease (+ acquisition fees, etc, etc)

That said, the base MF is .00151, so it looks like they are marking that up for extra profit.
$2000 should be more than enough to cover 1st payment, $595 acquisition fee and DMV/dealer fees. Using the marked up money factor, I get $312.84/mo.+tax = $342.56/mo, at 9.5% sales tax.

So, only about $8/mo. off.

I'll guess that you are entering the $2000 as a downpayment in the lease calculator, but it really isn't. You have to subtract 1st payment, acquisition fee and any other fees that aren't paid upfront. There is also tax on any rebates to be paid upfront.

Ask for a breakdown of those extra charges, and also for the adjusted CAP cost. (Is it actually $29,300?)
Also, get exact numbers. It's amazing how a little rounding up or down adds or subtracts from the payment.
And, insist on the base money factor. That alone will knock $22/mo. off the payment.

Thanks a lot for the response! really appreciate it.
I thought .00191 comes to about 4.58% APR doesn't it? (.00191 * 2400)...
$350 I was quoted was pre tax, so I had to be paying them over $380 actually. That's what baffled me...
The cap was really 29K, and that's pretty much what they offered without much negotiation (6K off MSRP), which was surprising at the beginning, but I guess they later tried to make up their money through this high monthly...

So with all this in mind, I guess I'll try another dealership... Should I be going for 61% and .00151?
Also with 2K down, what do you think a good monthly should be? around 300 pre tax?

Thanks again!

Yes.. correct on the equivalent APR.

.00151 MF and 61% residual

We don't track selling prices.

cobm428

Yes AWD thanks for the info

kyfdx said:

cobm428 said:

Hi I live in Michigan do you have a MF and Residual for 10k and 12K 36 mo on a Tucson limited with ultimate package thanks you !

Assuming AWD?

.00151 MF and 61%/60% residual.
$1000 lease cash

soledout23

I'm looking for MF/RV/Lease Cash for '17 Tucson AWD Limited w/Ultimate pkg and also without (36/12) in Portland, OR.

I've seen 0.00191/57% I think so far, but not sure if that's correct. I've also been getting rebate totals from dealers anywhere between $1,750-$4,250.

Thanks!

kyfdx

soledout23 said:

I'm looking for MF/RV/Lease Cash for '17 Tucson AWD Limited w/Ultimate pkg and also without (36/12) in Portland, OR.

I've seen 0.00191/57% I think so far, but not sure if that's correct. I've also been getting rebate totals from dealers anywhere between $1,750-$4,250.

Thanks!

.00151 MF and 60% residual
$1000 lease cash

larrysny

Hello,

Can you please provide the current money factor and residual value for a 2017 Hyundai Tucson SE AWD for a 3 year lease at 12,000 miles per year in the state of New York? If there is a difference between 36 months and 39 months, can you please provide both? Thank you!