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Car Buying Advice - Help on evaluating 2017 Sonata lease deal

lshundainylshundainy Posts: 7
edited July 2017 in Hyundai
Any help would be appreciated. Received a lease offer on 2017 Sonata SE for 279/month with the following details:
Capitalized cost: $19435
MF: .00044
RV: $11684
No money down
10K miles/year

Is this a good lease offer?

Thank you!

Answers

  • kyfdxkyfdx Posts: 117,002

    Any help would be appreciated. Received a lease offer on 2017 Sonata SE for 279/month with the following details:
    Capitalized cost: $19435
    MF: .00044
    RV: $11684
    No money down
    10K miles/year

    Is this a good lease offer?

    Thank you!

    What is the MSRP?
    Is it for 36 months?
    What is the total amount due at signing?

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

    Edmunds Moderator

  • 36 Month lease with 0 down. MSRP is 22910
    Thanks!
  • Nothing down other than title and registration that is.
  • kyfdxkyfdx Posts: 117,002

    36 Month lease with 0 down. MSRP is 22910
    Thanks!

    With that CAP cost, I get $229/mo.

    Is that the adjusted CAP cost? Or, just the selling price?
    What state/tax rate?

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

    Edmunds Moderator

  • Not sure about if it's adjusted cap. I don't believe it is but I'm waiting for confirmation. It's in NY. Thanks again!
  • Confirmed that 19435 is the adjusted cap
  • tonyg2016tonyg2016 midwest, usaPosts: 678
    Not a good quote at all; way too high for the SE model.
    you should be at less than 1% of msrp for the monthly payment
    discount from msrp should be at least 9%
    lease cash is 2750
    mf should be 0.00014, not 0.00044 (they marked it up - why?)

  • Thanks! No idea on the why but didn't feel right. Thoughts on lease buyout on my 2015 Sonata SE with ~20K miles and residual of $14529? Will HMF negotiate on the residual? Help is much appreciated!
  • MichaellMichaell ColoradoPosts: 107,418

    Thanks! No idea on the why but didn't feel right. Thoughts on lease buyout on my 2015 Sonata SE with ~20K miles and residual of $14529? Will HMF negotiate on the residual? Help is much appreciated!

    No negotiating on the residual or buy out value.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Bummer! Thanks!
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