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2014 and Earlier Hyundai Azera Lease Questions
To discuss the latest lease details for the current model, please join us in the 2015 Hyundai Azera Lease Questions forum.
You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Hyundai Azera page.
You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Hyundai Azera page.
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Car Sought: Hyundai Azera Limited w/Ultimate package
Program: February 2006 Lease deal ($299 mo / 27 months + ultimate package). $2925 down / $595 acquisition fee / 53% residual / .00119 (2.86%) money factor.
Results:
None of the dealers would agree to the $299 per month for 27 month lease deal on an Azera Limited (without Ultimate pkg) as advertised by Hyundai. The results of what they WOULD do on a lease for an Azera Limited with the addition of the ultimate package is described below.
Dealer #1 - Westland Hyundai - Ogden, Utah -
Negotiated Base Cap Cost to $27,900 (MSRP 30,075).
But refused to implement the lease deal as advertised and tacked on thousands of dollars in extra fees. Result: best lease price: $474 per month + taxes. STRIKE ONE
Dealer #2 - Riverton Hyundai - Riverton, Utah -
Would not negotiate below $28,700 (MSRP 30,075) Implemented the lease deal. Result: Best lease price $400 per month + taxes. STRIKE TWO
Dealer #3 - Ken Garff Hyundai - Salt Lake City, Utah -
Refused to negotiate below $29,000 (MSRP 30075) Implemented the lease deal. Result: Best lease price $422 per month + taxes. STRIKE THREE
Observations:
* I knew more about the Azera than the Hyundai dealer sales people.
* All refused to honor the advertised Hyundai lease deal on the Azera.
* Most outright lied about invoice price and holdbacks and other financial information
* Several added in "hidden" fees which they were very reluctant to disclose.
* Many were rude, telling me to leave or to get a plane ticket and fly to a different city.
* Many were completely incompetent and couldn't even work the lease software.
Since the "lease deal" (that no dealer would fully do anyway) is over in a few days, it will make the Azera completely "unleasable" With it's very low residual, a lease on a unsubsidized Azera Ltd. Ult approaches $600/ month.
Personally, I am very unimpressed with Hyundai on the corporate and dealer level – which is probably one of the reasons it has such a "trashy" image and is laughed at. My experiences have done NOTHING to change that image. Until Hyundai can pick themselves out of the garbage, buyers such as myself will be drawn to more "upper-class" brands such as Acura that at least know what they are doing.
Maybe down the road Hyundai will get their act together. It might take a while, however, from what I have experienced.
Congratulations to those that actually found a decent dealer that was honest and knew what they were doing. For the rest of you . . . good luck!
Specifics:
http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx
Runs from March 1 to March 31
$299 a month for 27 months on the Azera Limited. $2999 down / $595 acquisition fee / $1500 HMAC support (rebate) / 52% residual w/12000 miles / .00153 (3.67%) money factor
If you want to add the premium or ultimate packages to this offer, it will increase monthly payments by $30-$80 per month depending on the price you're able to negotiate.
$2,999 down = $111.07 over 27 months.
$111.07 + lease payment of $299 = $410.07 per month for a base Azera, NOT including all the other crap fees they'll pile on.
Wgo does Hundai think they are? Audi?
You're right. The Azera, unfortunately, has a low resale/ residual rate, which makes leasing expensive -- even when subsidized.
With the subsidized lease, the Azera has a 52% residual after 27 months. That means it loses 48% of its value in just over two years -- and that's subsidized!
In contrast, the Acura TL has a lease deal where the residual is 61% after three years. That means it only loses 39% of its value after three years. Much, much better than the Azera.
Buying the Azera will be no better. In fact, according to Edmunds, the Azera loses over 30% of its value within the first year alone! This is something that is improving, but will not change overnight.
Most on the Azera forums are stating that they are buying the Azera outright or leasing with the intention to buy after the lease and keeping the vehicle for 8-10 years. This would be the only thing that really makes any "financial" sense.
For short term buy or lease, you'd be much better off buying a vehicle that holds its value unless you really don't mind losing a lot of money in depreciation.
"For those not yet sold on Hyundai's resale value, the Automotive Lease Guide is forecasting a 42 per cent residual for three years, which is fairly strong for Hyundai."
http://www.jamaicaobserver.com/magazines/Business/html/20060304T140000-0500_9988- - 7_OBS_AZERA_IS_A_HYUNDAI_MAKEOVER_WITH_TOUCH_OF_LUXURY_.asp
want the azera limited
thanks
andrea
I'm so happy with my Azera that mpg isn't an issue for me.
Look at the big picture.....mpg is only part of the big picture.
Car_man
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what's the latest with the lease specials? any out there?
what would be the details for a 2006 azera limited, 24 months ?
I have not seen one azera on the road in the NY metro area, there has to be a fire sale soon...dealers need space for the 2007 models.....
nassau county NY area_western Nassau bordering on the Queens
New York city line.
I walked around through the lot(i wasn,t spotted).I counted
seven dust covered plastic shielded Azeras.
If Hyundai intends to move their slow selling Azera they
will have to do some "creative lease"deals.
Potential buyers at this point don't want to buy into
a situation which could lock them into 50%or more depreciation hit unless they can turn the car back to
hyundai if the car does not measure up to the hype!
hyundai the next move is up to you!
Start: 08/01/2006 End: 08/31/2006 $258.71 Monthly Payment Calculate Other Monthly Payments
36 Month Term
$1999 Down Payment
$0 Security Deposit
12000 Annual Mileage
Restrictions Lease is based on the 2006 Azera SE with $3000 Customer lease cash.
Comments $2,257.71 is due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement. Tax, tags and insurance are extra.
The Hyundai lease shows their office operation sucks as they did not bill after the first month. Their excuse they out source to someone for the billing/collections. Did get the second month billing o-k.
I am a former Infinit and Lexus user over many, many years. This vehcile, with all thr frills is really almostequal to a 2007 Lexus ES with a price differential of $37,000 to the $25,200 for the Azera. The residual at the end of 36 months is $12,500.
Hyundai has missed the boat. They have great advertising, classy and superior to virtually any brand. Their dealer ship operations simply do not have the experience or ambience to sell this superior vehicle. I visted four different dealers and found only one sales person who even knew the car's features.
I'm sure they wil learn but when you want to sell a class act you have to set the stage.
I have only about 1,000 miles on the car. It rides great, peppy and smooth and quiet. There isn't a car on the road that can provide the combination of luxury at this astounding low price.
Al
Car_man
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Are you sure Hyundai is offering $3,000 lease cash on the car? I haven't been able to verify that on any of the websites.
Also, let's say I negotiate a price down to $25,000 (MSRP $30,000). If I decide to lease, are you saying I could potentially get the price down to $22,000 (with the $3,000 lease cash)?
Car_man
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Car_man
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Car_man
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factor?In your example,a 9% annual interest rate translates
into a .00375 monthly interest payment as far as I can
determine from your Leasing Tips.
Please explain the math by which this .00375 was calculated
off of a 9%APR?
How do I calculate the money factor given different APR
numbers from differdnt Hyundai dealers?(as I begin
negotiating)?
You are absolutely right. I am a long time Acura TL user and leased for many years. I purchased a Sonata LX in Jan. and just recently purchased my Azera Limited. I have even offered to speak to potential Azera customers at my dealership, as a most satisfied customer. I too have offered my "opinion" that Hyundai dealerships are not setup to deal with the near luxury customer. I have actually have called their attention to some of the features that the car possesses. I have a friend that has a 2006 Lexus ES and this car has it beat by a mile. I have never enjoyed 2 cars more than my new Hyundais. You can't sell Elantras with the same sales methodology as an entry level luxury car such as the Azera. Look at the showrooms for Acura, Lexus, Infiniti to name a few. Different ambiance for a more upscale customer. I will say this, when I purchased my Azera I spent a short period of time answering questions which were apparently geared to finding out what the typical customer, who is buying an Azera, interests are. So they are probably aware of what it will take.
Bottom line, I have 2 awesome cars.
Don
Car_man
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Car_man
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Car_man
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While I love the car, the last 29 months has proven than I really don't need a 4-door large sedan now, let alone a slightly larger 4-door like the Genesis. I am however interested in the just now starting to arrive Genesis Coupe.
Here is the telephone exchange with a "customer service" rep. at HMFC Fountain Valley, CA:
1. If I purchase, can I finance with HMFC? "No, we want cashiers check in full"
2. I am interested in the new Hyundai Coupe but a reasonable selection won't be available locally by middle of April. Can I extend the current lease in anticipation of leasing or buying the new Coupe? "No, purchase or turn it in by the date specified on the lease contract"
3. Are you sure about that? "Yes"
One would think if a consumer is dropping off a lease return to the dealer, the manufacturer, and certainly the dealer would want that consumer to leave the dealer in a new vehicle of the same brand. I believe it's referred to as "loyalty".
Please provide the MF / Residual for a 36 month lease / 15K miles per year on a 2013 Azera with Tech Package in Nevada. Thanks!
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
Car_man
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36 months / 15,000 miles per year
MF = 0.00136
Residual = 55%
MSRP = $37,565 (asking price $39,040 with dealer options added to include protectants and tint)
Invoice = $34,969
Price Paid = $34,479
Adjusted Cap Cost = $33,962 with $2250 worth of rebates
Out of Pocket = $0 + Free iPad Mini
Total monthly payment including NV sales tax = $480.
Here is how I calculated the NM Deal. - Their monthly payment was $467 - please tell me what I am missing!?!?
This offer eliminates the doc fees. I forgot to include License fee and Title fee but that should only adjust the payment a buck or two.
MSRP = 37,135
Sale price = $32,695
+
Acquisition fee of $595
= Gross Cap Cost of 33,280
- Cap reductions of $3,352.41 ($2,000 down, $1000 rebate, 352.41 1st payment)
=Net Cap Cost of $29,927.59
Monthly Depreciation = 29,927.59-19,310 / 36 = $294.93
Monthly Finance = 29,927.59+19,310 * .0007 = $34.39
Monthly Payment = 294.93+34.39 = 329.39 * .081(Nv tax rate) = $352.41
Did I do something wrong? Why are our monthly payments almost $100 different!?
15,000 MI
36 MO.
ZERO DOWN
WHAT IS THE MONTHLY PRICE $$$ I SHOULD PAY WITH BEST AVAIL DEALS ?
PLS JUST GIVE ME MO PAYMENT VS ALL THE CAP COST ETC..
THANKS
According to my calculations, if you were to lease a '13 Azera that has an MSRP of $38,000 and a selling price o$36,000 through Hyundai Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $464.
Car_man
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Car_man
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I like it quite a bit. It is a good looking car, has a beautiful, high-quality interior, has plenty of power and gets good mileage. The warranty isn't too shabby either. It isn't perfect, but it is quite a step up from my 2011 Sonata GLS.
Could you post the MF and residual for a 36 month lease on the 2013 Azrea with 10k per yr. Also any lease support on this vehicle? Thanks very much.
Carmen help
Azera latest money factor residual and lease cash would be appreciated
2014 Azera: .00199 MF and 61% residual for 36mo, 12K/yr lease.
I don't see any lease cash on this model.
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Hi. Do you have the current MF and RV for a 2014 Azera Limited with Premium package for 36mo, 12K/yr lease?
.00083 MF and 58% residual
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24 months/10K
36 months/10K
36/12 is the shortest and lowest mile lease term offered. .00018 and 53%. $500 lease cash.
You can use the "Car Research" tab at the top of the page to link to all other available Hyundai incentives.
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