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Car Buying Advice - Residual and MF (May 2017) for 2017 Hyundai Sonata Plug-In Hybrid?

shaan23shaan23 Posts: 7
edited May 2017 in Hyundai
Hi,
I'm looking to lease a 2017 Hyundai Sonata Plug-In Hybrid next month, hence I'm interested to know the residual value and the money factor (MF) that I can expect for it. Also, what are the incentives for this model? AFAIK, the following are applicable:

$4919 Federal tax credit (to be negotiated with the leasing company, as they would get this)
$1500 California Clean-Air Rebate
$400 New Grad Cash
$500 Boostup Match

Anything else (incentives) that I'm missing? (Not a current car owner btw!)

Answers

  • kyfdxkyfdx Posts: 104,424
    shaan23 said:

    Hi,
    I'm looking to lease a 2017 Hyundai Sonata Plug-In Hybrid next month, hence I'm interested to know the residual value and the money factor (MF) that I can expect for it. Also, what are the incentives for this model? AFAIK, the following are applicable:

    $4919 Federal tax credit (to be negotiated with the leasing company, as they would get this)
    $1500 California Clean-Air Rebate
    $400 New Grad Cash
    $500 Boostup Match

    Anything else (incentives) that I'm missing? (Not a current car owner btw!)

    We didn't get the Hyundai numbers, this month.
    As far as the Federal tax credit, HFS usually incorporates this into a rebate, so it should be reflected in any offer you receive. I'm pretty sure that you apply for the California rebate, separately, though the dealer should help you with the paperwork on that.
    We don't have any info on the other two rebates.

    Hopefully, we'll get June numbers, so that we have them by the time you are ready.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • shaan23shaan23 Posts: 7
    @kyfdx Thanks for your input! I'm curious - what is the latest numbers available for this mode (doesn't have to be May/June numbers, but say Dec 16/Jan 17 numbers)? I'm asking as I wanted to have at least an estimate while I looked for deals!

    Another query - do you get the numbers from manufacturer themselves, or is the process different?
  • kyfdxkyfdx Posts: 104,424
    Our numbers are the same numbers the dealers get from HMF.

    But, we don't keep historical data.

    You are welcome to read back over the 2017 Sonata Lease Questions discussion.
    I'm sure there are some PHEV-related numbers in there, somewhere.
    https://forums.edmunds.com/discussion/42347/hyundai/sonata/2017-hyundai-sonata-lease-questions#latest

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • shaan23shaan23 Posts: 7
    edited May 2017
    @kyfdx Thanks for the link! According to that thread, this comment gave the last known numbers (for April 2017):

    2017 sonata plug in, 12K/36 months:

    .00093/.000124 MF for Base/Limited and 50% residual
    $6419 lease cash
  • Could you please provide updated September numbers for the 2017 plugin @ 10k/36?
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