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Hyundai Sonata Lease Questions

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Comments

  • ortegaortega NJPosts: 90
    edited September 2010
    I'm thinking of holding off on leasing a Sonata until October, but I am concerned about Hyundai perhaps backing off the aggressive lease support they have in place this month. Does anyone have a feel for...CarMan, I'm looking at you ;)...where Hyundai will be with their MF and residuals for the month of October? Better, worse, same?? I have a lease with 2 payments remaining and am trying to decide if it would make sense to jump now (I refer you to the lease deal I was offered in the post above this one) or wait till October. I know this is a tough question to answer...but any insight the knowlegable posters on this board have to offer would be greatly appreicated. :)

    This is in relation specificlally to the 2011 Sonata Limited w/NAV

    Please help!!!
  • Where are you looking in Jersey? I am getting a ton of calls from everyone and no one is trying to help me without my going to the showroom. Which I am desperately trying to avoid.
  • ortegaortega NJPosts: 90
    I used truecar.com. One dealer emailed me an offer (the one I posted above), all others called & emailed.
  • I'm getting offers of 1200 out of pocket and 262 per month (with taxes) for 36 months / 12k per year

    Does this seem high?

    The dealer told me the car is priced at 21160 with 57% residual, and a money factor of 0.0001 as per forum makes it look like they want a 900 fee for acquisition / title etc.

    I'm a first time buyer, so any help is appreciated. I'm driving a rental car right now so every day is money.

    I've checked with two dealers and both of them are on the same price. Mud-flaps, locknuts, floor mats are included.
  • orlando,

    looks decent to me. remember there is a $400 end of lease fee (if comparing to something other than hyandai).
    and does that price include gap coverage?
    did you check any of the Zagg.com partners for pricing?

    I bought one like that at the end of Aug.
  • Oh! I didn't know about the $400 end-of-lease fee.. will check on that.

    Gap insurance is covered in the bank acquisition fee, so the dealers told me.

    I haven't checked zagg.com - will do so now. Thanks for all the inputs.

    Hope your car is doing well.. which color did you go for?
  • found out that Toyota has a $350 end-of-lease fee, so Hyundai is not so bad on that front.
  • so far I like it. coming off back-to-back Acura TSX leases. I went with the harbor gray. I think it ages and hides the dirt the best. this car wont be in the garage its whole life. this sonata is my first 'buy' in a long-long time

    that toyota 350 must be new. I don't remember it on my '05 highlander
  • Hello
    Finally i got a SE with Nav at $329.00 ,$0 Down,with $600.00 initial payment which included the first month,license and FL fee.

    Thanks
  • That sounds like a great deal, could you perhaps name the dealer?

    Does the monthly payment of $329 include taxes?
  • Yes, it must be new for them to charge a end-of-lease disposition fee. Toyota includes it upfront in their national online ads along with all the other fees.
  • I just made a deal for a 2011 Sonata SE with the ECM w/compass, carpet floor mats, cargo net and cargo mat. My payment will be $300 per month taxes included for 36 months 12k/year. All I have to pay upfront is first months payment ($300) but they are also cutting me a check for $550 back when I take delivery of the car. That is to pay 2 months payment on my other vehicle (2007 Tacoma). I feel that this is a great deal.

    MF= .0005
    Depr= 57%
    Buy-out= $12,658? (57% of selling price?)
    Adj Cap Cost= $22,208
    End of Lease Fee= $400

    They rolled all other fees including registration and tag into the $300 payment.
  • Kmouradian, Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata GLS with an automatic transmission and 15,000 miles per year are .00010 and 55%, respectively.

    The numbers for an otherwise identical lease of a '11 Sonata SE are .00050 and 55%.

    Car_man
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  • Hi newcar2012. Wow $20,000 per year is a lot of money. I can certainly understand your desire to cut your automotive expenses.

    You might be able to get a stripped Sonata for only a little more than what you were looking to pay. Hyundai is currently advertising a lease on a 2011 Sonata GLS with automatic transmission for only $199 per month for 36 months with $2,200 down. This car's monthly payment will obviously end up being higher after you eliminate the down payment and add sales tax and the acquisition fee into the equation, but on the plus side savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than the ones that automakers use in their official advertised payments.

    You shouldn't have much trouble getting an '11 Sonata for less than $300 per month, though you might have to pay a little more than the $250 that you were shooting for.

    Car_man
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  • Here you go, orion7701.

    Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata GLS with 12,000 miles per year are .00010 and 56%, respectively.

    I don't believe that Hyundai is currently offering 24 month leases on this model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi jliles528. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata Limited with 15,000 miles per year are .00050 and 56%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi antonius. The answer to your question is .00050 through September 30th.

    Car_man
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  • Hi absberg2k. Don't worry, Hyundai is still providing lease support on the Sonata in September. I believe that its current program for this car is exactly the same as its August program was.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey ortega. Hyundai's current incentives are scheduled to run through September 30th. It is difficult to say what its October programs will be like at this point. If I had to make an educated guess, I'd say that its lease program for the 2011 Sonata next month will be very similar to its current program, but there's no guarantee that will be the case.

    If I had two payments remaining on my lease, I personally wouldn't waste them to get into something new right now...but again its sort of a roll of the dice.

    Car_man
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  • ortegaortega NJPosts: 90
    edited September 2010
    OK Car_Man...I'm getting this request in early. As soon as you are able, please post the October money factor and residual for the 2011 Sonata Limited w/NAV, 36mo/15k lease.

    Thanks in advance!!
  • I got offfer 2011 Sonata se upfront payment is $3000 and a monthly payment $250 with everything up to 36monthes. is it good deal? or on oct the price will be down?
    what is the best deal to lease a sonata se
  • fatcat71fatcat71 Posts: 75
    edited September 2010
    I will be looking to lease a 11 Sonata Ltd with Nav in the NYC area. I see people ask for the residual and money factor on the forum's all the time, but how do I use the information to come up with a monthly price for a lease for 36m/15K? Is there a standard calculation that one can use and just plug in the numbers? I see that the car with taxes could be had at around 27K (According to the TruValue)
  • ortegaortega NJPosts: 90
    Just google "lease payment calculator"...you'll find what you need.
  • Leaseguide.com has an excellent, printable calculator.
  • Car Man,

    Did the MF and residual change for October on a 2011 Hyundai Sonata Limited? It was .00050 and 56% for September on a 36 month lease with 15k miles per year, if I recall correctly.

    Also, any new cash incentives other than the $500 loyalty rebate for this month?

    Thanks a bunch!
  • atlanticoneatlanticone Posts: 19
    edited October 2010
    27402 GLS MF 0.00047 Residual 59%
    27442 SE MF 0.00068 Residual 58%
    27472/27482 Limited MF 0.00068 Residual 57%

    Only the $500 Hyundai Loyalty Rebate is available for the Sonata.

    These programs are good until January 3rd.
  • Just to verify, these residuals you posted are for 15k miles/year correct?
  • ortegaortega NJPosts: 90
    edited October 2010
    bump...those residuals & MFs are for 15k/36mo leases??
  • Hi ortega. Hyundai Finance's October buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata Limited with 15,000 miles per year are .00050 and 56%, respectively.

    Car_man
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  • Hey kmouradian. Hyundai's lease program for this car is exactly the same as the numbers you mentioned.

    The loyalty money is still the only cash incentive on this model.

    Car_man
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This discussion has been closed.