-Is this Lease a good deal?

222ekim

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

kyfdx

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?

222ekim

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

kyfdx

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.