Hyundai Sonata Lease Questions

karukaru

It is for a 2011 Sonota GLS package 1 lease, which is the basic one(the dealership told us they were cheaper than the 2012 but then another dealership told us that wasn't true)

Price: $21,680
they gave it to us for $19,235 minus the rebate ($1500 which doesn't add up) so it ends up being $17,995 with the rebate
Monthly price: $256
Money factor: .00021
residual: 50%
Lease end value: $10,840
We would have to put down $595 (which includes first payment)

ANother dealership contacted me and when I told them about the deal they said they could do $256 a month with $500 down and I asked about the residual and he said 50% but he wouln't tell me the money factor (he said he didn't know that he just went to his manager to see if he could do it amd the manager gave him only what he told me---BS)

Anyways, is this a good deal? I have done research but I don't understand this whole leasing process and I ended up overpaying on my first lease ($500 for a chrysler 300 with leather seats--I could have gotten a BMW for that price). Thanks in advance!

odessit771

Hi! Looks like i got the same car as yours. I think they can go lower.

2011 Sonata GLS PREZV - Base Model with 21495 MSRP (20195MSRP+720Freight&Handling+580options=21495)

0 down, 0 deposit. Paid $500 at signing for: 1st month and doc, reg.

$238/ month - all inclusive. (9%tax is included in this 238 payment)

36 months lease; 12k per year.

1500 cash incentive was accounted for.

karukaru

Wow you did get a good deal! I knew they were BSing me! In which part of the country do you live? I just want to know in case they tell me that it is cheaper because you live in a small town or something. Also, when did you get the car? Thank you so much for your response!=)

odessit771

Got it last month in Doylestown , PA

mastercpt

After calling 10 dealers, Just Leased a 2012 Sonata Limited 2.4L w/out Nav $3000 up front including tag, dealer fee, and first month fee for $325 a month including 7% tax.

echorn711

odessit771
where did you purchase your car please.thanks

karukaru

Hi guys!
I just wanted to give an update. I finally got a good deal after calling a gazillion dealers (and working them up against one another) and doing lots of research (and they almost fooled me a couple of times). I got the same car that odessit got but for $242 a month (including tax) and $500 upfront (which is first payment and title, or registration - I can't remember.) It is an awesome deal considering the fact that we are in Miami, FL.
Thanks for all the help

odessit771

What is tax % for Miami, FL? Here it is 9%.

karukaru

Sales tax is 7.5% but my asking price was higher than yours (things are more expensive here, in general.)Thank you so much! you don't even know how much you've helped me. I don't have the car yet but we are going on saturday to do all the paperwork and pick up the car. I can't wait!

coltrane1

I am being offered a 36 month/12k per yr lease of a 2012 Sonata GLS of $314/month with $670 down- including everything. They tell me $27/1000 down. So if I put $1670 down, lease pymt will be $287.
Is this a good deal??? they havent provided me with MF or residual yet.

thx

odessit771

Ok, this question might sound stupid, but I need to ask:

I have a lease 12k miles; 3 years. Am I allowed to go over 12000 miles per year as long as I come under 36000 at the end of lease? Or Each year must be under 12000?

Thanks!

kyfdx

Your mileage allowance is 36K... the timing is irrelevant..

karukaru

I don't think so. I just got a 2012 Sonata GLS a few days ago and I got it for $243 a month, including taxes with $500 down (which is first payment and title.) We had to do a lot of negotiating with several dealers. The dealer actually showed me their computer screen to tell me I got such a great deal but I didn't fall for it and they finally got down to that price. I decided to add the dents, dings and scratches insurance (It covers up to $5,000 worth of damage and it also includes the tires) so the price went up to $260 a month

zhorse36

Your deal looks awesome! Just curious, did you opt for the popular equip package? And what were your lease terms? I'm close to agreeing on a 2012 SE for $306 a month with 700 down for first payment, etc. It's a 36 mo 15k lease.

shand32783

Is there really an aqusition fee and a fee also when you return the vehicle when the lease is up too? How much is it? And if so, what if you buy it at the end of the lease...do you have to pay the return fee or whatever they call it?

coltrane1

Thanks Everyone. After waiting at the Dealer for several hours as the finance Mgr "worked on the numbers, I walked out. Despitephoning the Sales Rep, I have yet to receive any Quotes.
It is too bad,because I wanted to lease more than one car- my son and I.

I am now looking at a Sant Fe and a Sonta elsewhere!!

CarMan@Edmunds

Hello shand32783. Yes, Hyundai Finance charges a $595 acquisition fee on every vehicle that it leases. Many banks charge disposition fees in addition to acquisition fees. I believe that Hyundai Finance does charge one, but I am not sure how much. Some banks charge lessees a fee to purchase their vehicle at lease-end as well.

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zizo2

Hi car man, do you have the Sep MF & RV for Sonata Limited 12k lease?
Is it a good time to buy now or should i wait a few days?
I appreciate a speedy answer since i need to reply back to a dealer pretty soon.

shand32783

So they really get you coming AND going...

ANyone have their paperwork and notice a disposition fee at the end of the lease that you'll have to pay?

Thanks
Shane

shand32783

Does anyone know the numbers for a 2012 LImited 2.0 and 2.4 with Nav Lease numbers for a 12,000 mile/year lease? Seeing if they'll be good for this weekend or as bad as last months were.

Thanks
Shane

shand32783

Still looking for those lease numbers.

Thanks
Shane

Kirstie_H

A reporter is looking to interview recent first-time Hyundai buyers who would consider buying another Hyundai down the road, based on their experience with the brand so far. Please email your make, model and daytime contact info to pr@edmunds.com by September 13, 2011.

CarMan@Edmunds

Yes I do zizo2. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Sonata Limited with 12,000 miles per year are .00120 and 55%, respectively for consumers who qualify for its top credit tier.

There's nothing wrong with buying or leasing a new vehicle right now, but generally speaking the deals usually seem to get better towards the end of the month.

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CarMan@Edmunds

Hello Shane. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Sonata Limited with 12,000 miles per year are .00120 and 55%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical lease of a 2012 Sonata Limited Turbo are .00120 and 57%.

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CarMan@Edmunds

Hey Shane. Please see my previous post for the information that you're looking for.

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marko711

15,000 miles per year. The are none that I can currently find in So Ca. But one can hope.

shand32783

Thanks Car Man. I don't like that MF. 2.88 seems a little high. =(

pens89

Hi Car_man,

Would you please be able to post the September money factor and residual value for an 2012 Sonata SE Turbo with Navi for 36 Months and 15,000 miles per year?

Thanks!

CarMan@Edmunds

Hi marko711. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Sonata Turbo SE with 15,000 miles per year are .00120 and 59%, respectively for consumers who qualify for its top credit tier.

When negotiating your deal on this car, make sure to take advantage of the $500 cash incentive that is currently available on leases of it.

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CarMan@Edmunds

You're very welcome shand32783.

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CarMan@Edmunds

Hi pens89. I just posted that very information two messages ago. Please check there for my response. Thanks.

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aljmm

I just signed for a 2012 SE for 265 tax included, title doc etc... 1000 down. can anyone tell me if this matches the deal above for the gls? this is my first lease or buying experience ever. Any response for would be greatly appreciated.

sunshine1949

What is the Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Santa Fe V6 GLS with 12,000 miles per year ? What is considered top credit tier? Over 720 score? Thank you very much

powermaxx

Did you ever get this vehicle lease? If so, how much is your monthly payment?

sunshine1949

yes I did. The MSRP on the vehicle was 26,810. I got the lease for $299 a month plus tax or $319 a month with $250 down plus first least payment of $319. I think I got an ok deal -- no?? You are never sure but I used the formula and negotiated the price of the car, then the lease -- ?? Thanks

hackattack5

Car man: I have all the numbers I just do not know how to figure the lease payment. 2012 Limited MSRP 29,605 Agreed price $26,000 I have the Motozumo $500.00 discount to add to the deal. I believe the 3yr residual is 55% and the money factor is 0.00120 can you tell me the payment?

rajsunni

i got the lease for 379 including taxes with 500$ first payment, is this a good deal for leasing a hyundai 2012 sonata limited with Nav,my credit score is not that good

rajsunni

i got the lease for 379 including taxes with 500$ first payment, is this a good deal for leasing a hyundai 2012 sonata limited with Nav,my credit score is not that good ,36 month lease

rajsunni

Hello Car Man/Sunshine

i got the lease for 379/month with 0 down, is this a good deal for leasing a hyundai 2012 sonata limited with Navi
is there 500$ cash incentive for hyundai sonata lease?

can someone please suggest me

wagonlover1

Hi Car Man--- Do you have the Oct #'s (MF and residual) for a 3-year lease on a plain old 2012 sonata auto with 12K and 15K miles / year.

Thanks!

CarMan@Edmunds

Hi sunshine1949. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Santa Fe GLS V6 AWD with 12,000 miles per year are .00115 and 57%, respectively for consumers who qualify for its top credit tier. A score of 720 would qualify for the best available rates.

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CarMan@Edmunds

Let's crunch some numbers and see what we come up with, hackattack5. According to my calculations if you were to lease a 2012 Sonata Limited that has an MSRP of $29,605 an a selling price of $26,000, a money factor of .00120, and a residual value of 55%, your zero down, pre-tax monthly payment would be around $321.

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CarMan@Edmunds

Yes, rajsunni, Hyundai is indeed providing a $500 cash incentive on leases of this car right now.

If you provide me with the MSRP and selling price of this car I would be happy to give you my opinion on this deal.

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CarMan@Edmunds

I certainly do wagonlover1. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata GLS with an automatic transmission and 15,000 miles per year are .00119 and 61%, respectively for consumers who qualify for its top credit tier.

The residual value for a lease with only 12,000 miles per year would be 1% higher.

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rajsunni

the MSRP of this vehicle is $29700 and selling price is may be the dealer can give for 27000 tor 25000 if we negotiate to buy the car

kennya

Car Man,
Do you have the MF and Residual for a 2012 Sonata SE?

Dealer is quoting the following:

MF - .00119
Residual - 60%

36 month lease
12K miles per year

MSRP = 25,550 + 649.50 (Dealer fee) x 1.06 (tax) + 430 (tag) + $60 (mis state fees) = $28,212.60

His deal is 22,000 + 649.50 (Dealer fee) x 1.06 (tax) + 430 (tag) + $60 (mis state fees) = $24,502.60

Is MF and Residual correct? Is this a good deal? Are their any cash back offers?

Thanks

zeera

Hi,
I was quoted 260 incl taxes + 1000 down (out of pocket) for a 2012 GLS (popular pack -incl the power seats and the alloy wheels) - 12K for 36 months.
does this deal sound about right? Please advise.

tetovari

It's not bad , just say if you guys give
me 15k miles for the same price I'm ready to make a deal.
Just to be on safe side . Numbers seem ok .
Good Luck

zeera

Thank you Tetovari - Will try to ask for that and see what happens.

CarMan@Edmunds

I certainly do kennya. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata SE wit 12,000 miles per year are .00119 and 61%, respectively for consumers who qualify for its top credit tier.

Hyundai is currently providing a $500 cash incentive on leases of this car.

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