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Is there any benefit of a single pay lease with Hyundai Financial?

mendor_mendor_ Member Posts: 7
edited January 2017 in Hyundai
I understand that there is a risk of loosing money on totaling a car...
But what is a reward in case of Hyundai Financial? Additional MF reduction, or ...?
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  • kyfdxkyfdx Moderator Posts: 272,938
    mendor_ said:

    I understand that there is a risk of loosing money on totaling a car...
    But what is a reward in case of Hyundai Financial? Additional MF reduction, or ...?

    I'm not familiar with Hyundai's program, but yes, money factor reduction would be the benefit, if they offer the program (just like everyone else).

    A single-pay lease has some different parameters than a traditional lease with a large CAP cost reduction. In the case of early termination due to insurance payoff, the lease is calculated as though the payments are being made sequentially, and the "unpaid" portion of the lease is refunded, before payoff/GAP is calculated. (so, all that money isn't at risk).

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