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MF and RV% for Elentra 2018

MahaigukeMahaiguke MAPosts: 8
edited August 2018 in Hyundai
Hello, I’m interested in leasing an Elentra (base model or value edition) for 36 months. The dealer in MA gave me the following: - Negociated MSRP: 18,400 - RV%: 46% - MF: 0.0026 Based on the research I did this isnt a good deal but the dealer really didnt budge. (Told me he didnt want to waste his time.) Could someone share numbers which represent a fair deal? Best.
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  • MahaigukeMahaiguke MAPosts: 8
    Accepted Answer
    Hi - By “base” I meant the one with no options. 
    For the MF this gives a 5.28% APR which is high so I’m surprised. For other vehicles I’ve been offered 0.00001. For residual I read on ALG that the Elentra is a very reliable cars, and since the average is around 55% I find 46% low. Am I misunderstanding something here? Thanks for your help. Much appreciated.

Answers

  • kyfdxkyfdx Posts: 119,801
    Mahaiguke said:

    Hello,

    I’m interested in leasing an Elentra (base model or value edition) for 36 months.

    The dealer in MA gave me the following:
    - Negociated MSRP: 18,400
    - RV%: 46%
    - MF: 0.0026

    Based on the research I did this isnt a good deal but the dealer really didnt budge. (Told me he didnt want to waste his time.)

    Could someone share numbers which represent a fair deal?

    Best.

    I don't show a "base" trim.
    36/12
    Value: .00220 MF and 46% residual
    $4500 lease cash

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