-Is this Lease a good deal?

222ekim222ekim Member Posts: 2
edited December 2017 in General
Hi all, We are new to the forum here and definitely new to leasing. So we’re llooking for some possible advice on a lease. The vehicle is a 2017 Hyundai Tucson Window sticker price is 26,050 My wife drive a lot sonwe will need an 18,000 mile lease We were quoted 291/month for 36 months with zero down at signing. And help would be appreciated, Jenny

Comments

  • kyfdxkyfdx Moderator Posts: 207,825
    222ekim said:

    Hi all,
    We are new to the forum here and definitely new to leasing. So we’re llooking for some possible advice on a lease.

    The vehicle is a 2017 Hyundai Tucson
    Window sticker price is 26,050

    My wife drive a lot sonwe will need an 18,000 mile lease

    We were quoted 291/month for 36 months with zero down at signing.

    And help would be appreciated,
    Jenny

    What is your state and tax rate?
    Did they give you the selling price or adjusted CAP cost?
    What trim is the Tucson?
    FWD or AWD?

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  • 222ekim222ekim Member Posts: 2
    Hi
    we we’re thinking of buying too at  20,874
    not sure of the adjusted cap cost. I believe the buy back price at the end of lease is 13k

    illinois/ 7.5% tax
    Tucson SE AWD

  • kyfdxkyfdx Moderator Posts: 207,825
    222ekim said:

    Hi
    we we’re thinking of buying too at  20,874
    not sure of the adjusted cap cost. I believe the buy back price at the end of lease is 13k

    illinois/ 7.5% tax
    Tucson SE AWD

    .00033 MF and 51% residual (36/15)
    $3000 lease cash

    Considering the 18K/yr and zero out pocket (is that right... zero due at signing?), then your monthly payment looks pretty darn good.
    If I add acquisition fee, tax, DMV fees and $900 for extra mileage over 45K, I get about the same payment.

    I'd be inclined to lease at that price. A high mileage Tucson isn't going to hold it's value, very well. I think you'd come out ahead by leasing.

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