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Hyundai Sonata Lease Questions

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Comments

  • bigal77bigal77 Posts: 9
    Just leased a 2011 Sonata Limited with Nav yesterday. Here are the numbers I got:
    36 months/12000 miles
    Negotiaged price 25,323
    MF: .00095
    Residual: 58%
    Tax: 806.98 (VA 3%)
    Tags: 49
    Acq fee: 595
    Doc fee: 399
    1800 out of pocket including first month payment of 296.
    Monthly payments of 296

    Another dealer claimed that they could have given $280 a month for the same car same amount down after I pitted each dealer against each other. Is there any way the other dealer really could have gotten me that deal? Could I have done better? Thoughts?

    Thanks,
    Al
  • dowzampdowzamp Posts: 9
    The deal I arranged earlier in this thread fell through as the dealer was unable to obtain a vehicle that matched my requirements (seems to be a shortage of base Limited's in TN and surrounding area) so I'm back to teh drawing board.

    Based on this does anybody have any visibility of the lease deals that will be available for June

    Thanks
  • jayriderjayrider Posts: 3,602
    If you are not in a hurry, wait til the fall when the supply will improve. The new optima should also on you look list.
  • gperrgperr Posts: 129
    Car_man,

    Sorry to be hitting you in each of these forums about rates- but I am trying to decide between 5 different cars for either myself or my wife. Not sure who will get the new one yet. Mostly depends on the rates.

    Did the 2011 Sonata GLS & Limited rates remain the same for June?

    In May they were for 36 months 12k miles:
    GLS: .00048 / 60%
    LTD: .00095 / 58%

    thanks
    gperr
  • Car_man:

    Can you share what current residual / MF are for a Limited no nav with 12000 per year?

    cheers
  • Hey gperr. 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 12,000 miles per year are .00048 and 58%, respectively...not bad.

    I actually really like the way the new Sonata looks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Not a problem at all, gperr. I completely understand the need to compare the programs for different vehicles when considering what to get. I always go with the best available deal when I'm in the market for a new ride. Please see my previous post for the info that you're looking for. Note that Hyundai is not currently providing support on 24 month leases of this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello drdrakeramore. Here's the information that you're looking for. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata Limited with 12,000 miles per year are .00095 and 59%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Carman,

    Thank you so much for providing the most up-to-date money factors and residual values. Are there any additional incentives (mfg. to dealer, mfg. to customer, dealer to customer) or rebates whether publicized or non-publicized that one should be aware of when negotiating the capitalized cost?
  • kidlkcfkidlkcf Posts: 23
    Car_man,

    Can you provide this info for 15,000 miles/year? Thanks.
  • roger8228roger8228 Posts: 1
    New at leasing: lease payment of 203.00 , 7% tax incl. 5000.00 down witch includes all fees and taxes. Want to give large payment down to keep payments low. With 7500 down payment would be 144.00 tax included.I don't have money factor.Lease is for 36/12k Car list price is 28,115.00.
  • pegasus17pegasus17 Posts: 536
    REF: 226
    Large lease down payments are foolish. If you get into an accident early in the lease, you are out all that money. Gap insurance will not repay you for the down payment.
  • jayriderjayrider Posts: 3,602
    Put the 5k in your checking account and use it to pay down the lease. Same thing and you risk nothing. Don't trust youself ?--- send me the 5k and I'll send you 1/36th each month. ;)
  • agree with the other posters - save your cash and use it to pay the monthlies. also, by my calculations, putting that much money down - even if you negotiate an average price for the car - should yield a monthly less than $100.

    download a decent car lease spreadsheet here. you can easily see how important the price of the car is in your lease - just change the numbers (and the 'rebates' or discounts off of price) and see.

    (thanks to Car_man) We know that the money factor right now is .00095 and the residual is 59% for a LTD w/ 12000.
  • heckymd55heckymd55 Posts: 5
    Car_Man,

    I am in Nevada, but looking to do a deal in California due to availability.
    Do you know if the MF/residual will remain the same for July?
    I am looking at a limited 12k/36 with no navi.

    From what I have read it seems to be .00095/58% currently, but was wondering if its best to wait a few more days until July.

    I received a quote online for a Limited no/navi, w/floor mats,cargo net,cargo mat,Ipod cable & sunroof wind deflector of $26,390 MSRP, selling price of $24,993 @ $313.11/month plus tax w/$1200 down, but when I do the math the numbers are off by a few dollars. does this deal sound fair?

    Thanks for your help :)
  • drdrakeramoredrdrakeramore Posts: 49
    edited June 2010
    I hear ya - when I plug the numbers I get 286.33 @ 7.72% tax (Denver). Even taking it up to 11% for California Crazy-ness yields 295.05. I think their numbers are off.
  • No problem, bmwnewbie530i. Other than $500 owner loyalty cash, Hyundai is not currently providing any cash incentives on the 2011 Sonata.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi kidlkcf. I believe that Hyundai Finance's 15,000 mile per year residual values are 1% lower than its 12,000 mile per year resids. Its money factors for both mileage allowances are the same.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi heckymd55. Hyundai's current lease program is scheduled to run through July 6th. It is difficult to say what its program will be like after that date. I suspect that it will be fairly similar to the current one, but we won't know for certain until the 7th. Please feel free to check back with me for an update if you're interested.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kohinoorkohinoor Posts: 16
    I was quoted the following lease rate for 3yr/36K. Please let me know if I can still do better.

    2011 Sonata SE include taxes(3% VA), title, and licensing fees:

    $0 down - $289/month
    $1999 down - $239/month
    $2999 down - $209/month
  • bigal77bigal77 Posts: 9
    Those numbers sound about right. I would go to truecar.com and get your best price then work the numbers yourself using the residual and MF rates that carman has posted. What dealer are you going with in VA? I went with Pohanka in Fredericksburg. I wouldn't recommend them they pull shady stuff with their numbers then proceed to lie about it. From what I could tell (over the phone) the dealership in Alexandria is the one to go with.
  • kohinoorkohinoor Posts: 16
    edited July 2010
    The quote is from Pearson Hyundai in Richmond. Thanks and I appreciate your reply.
  • bhmr59bhmr59 Posts: 1,601
    Based on the numbers you posted it will cost you more over 36 months if you pay either $1999 or $2999 down payment.

    Do the math.
  • mk_shinimk_shini Posts: 2
    i lease 2011 sonata SE last weekend.

    sale man called me monday. they need car back cuz HMF refused lease to me xD

    is that possible? they checked my credit score, i have lease agreement...

    i must returrn my car to dealer? or can i do smth?
  • ral2167ral2167 ohioPosts: 767
    Are you going to be made whole? meaning you'll get all your down payment, etc. did you trade in a car?
  • rico84rico84 Posts: 7
    Car_man,

    Do you have the new lease numbers for 2011 GLS, SE, and Limited?
  • lionmilklionmilk Posts: 14
    Yeah,

    I would like to get numbers for SE for 12K/y 36 months too
  • oxford9oxford9 Posts: 13
    Car Man, you are the greatest. I too am in need of these rate for the Hyundai Sonata for both the GLS and the Limited, What is the lowest mileage allowance they offer inasmuch as my yearly mileage is under 5k? Also, do they offer any finanical incentive to prepay all of the lease payments? If so, is there any reason why prepaying is not a good idea? Thanks.
  • romayerromayer Posts: 3
    I am very interested in these numbers, as well. Thanks in advance!
  • jlo1979jlo1979 Posts: 1
    Hi all, I'm planning on leasing a Sonata SE in late August/early September, historically has MFs and Residuals changed much between July and August/September? The reason I can not sign now is because I will be moving at the end of August and it would be foolish of me to move a car 2k miles, especially since I have a car available to me until that time.

    Thanks in advance to your thoughts!
This discussion has been closed.