Hello, can someone be able to help me out with leasing a 2019 elantra sport

Michael_Dre

I have to leave my current Hyundai lease early and roll in 5550 before I hit over mileage. If anyone can estimate a payment on a 36/15 Elantra sport AT with incentive in 07004 with MF and RV. I would much appreciate it

Michaell

Michael_Dre said:

I have to leave my current Hyundai lease early and roll in 5550 before I hit over mileage. If anyone can estimate a payment on a 36/15 Elantra sport AT with incentive in 07004 with MF and RV. I would much appreciate it

Can't figure a payment without knowing the MSRP and negotiated selling price.

The miles are something like .20 or .25 per - do you plan to be 20,000 miles over the limit by the lease end?

Michael_Dre

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Michael_Dre

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Michael_Dre

Michaell said:

I have to leave my current Hyundai lease early and roll in 5550 before I hit over mileage. If anyone can estimate a payment on a 36/15 Elantra sport AT with incentive in 07004 with MF and RV. I would much appreciate it

Can't figure a payment without knowing the MSRP and negotiated selling price. The miles are something like .20 or .25 per - do you plan to be 20,000 miles over the limit by the lease end?

See the above comment, forgot to tag your username, sorry I’m new to this 

Michaell

Michael_Dre said:

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Michael_Dre said:

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Are you putting up $5300 cash out of pocket to start the new lease?

And, you're rolling over the cost of the miles now, by exiting the lease early. Why pay for miles you haven't used, rather than wait until the end of the lease and get value for them?

My point is, exiting a lease early is very rarely a wise financial decision.

Michael_Dre

Michaell said:

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Are you putting up $5300 cash out of pocket to start the new lease? And, you're rolling over the cost of the miles now, by exiting the lease early. Why pay for miles you haven't used, rather than wait until the end of the lease and get value for them? My point is, exiting a lease early is very rarely a wise financial decision.

I do a lot of miles I’m currently on a 36Mo/10mi year lease, I’ve had the car 16 months and have 25200 miles (the car is a Hyundai) for me to switch out of the lease to another hyundai I won’t have to pay a return fee but just carry over my remaining payments either way I’m going to roll over a lot of money due to over mileage or remaining payments, the lease to the elentra sport would be 0 down, I’m just trying to see a better option of either leaving this lease early so I’m not paying the remaining 5550 in payments and an additional 4000+ in over mileage plus any wear and tear they add on, any advice would be much appreciated 

kyfdx

Michael_Dre said:

Michaell said:

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Are you putting up $5300 cash out of pocket to start the new lease?

And, you're rolling over the cost of the miles now, by exiting the lease early. Why pay for miles you haven't used, rather than wait until the end of the lease and get value for them?

My point is, exiting a lease early is very rarely a wise financial decision.

I do a lot of miles I’m currently on a 36Mo/10mi year lease, I’ve had the car 16 months and have 25200 miles (the car is a Hyundai) for me to switch out of the lease to another hyundai I won’t have to pay a return fee but just carry over my remaining payments either way I’m going to roll over a lot of money due to over mileage or remaining payments, the lease to the elentra sport would be 0 down, I’m just trying to see a better option of either leaving this lease early so I’m not paying the remaining 5550 in payments and an additional 4000+ in over mileage plus any wear and tear they add on, any advice would be much appreciated 

I think if you do the math, you'll come out ahead just paying the mileage overage at lease end. You lose $5500 now, or $4000 at lease end? Better to just stay with it.

Michael_Dre

kyfdx said:

Michaell said:

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Are you putting up $5300 cash out of pocket to start the new lease? And, you're rolling over the cost of the miles now, by exiting the lease early. Why pay for miles you haven't used, rather than wait until the end of the lease and get value for them? My point is, exiting a lease early is very rarely a wise financial decision.

I do a lot of miles I’m currently on a 36Mo/10mi year lease, I’ve had the car 16 months and have 25200 miles (the car is a Hyundai) for me to switch out of the lease to another hyundai I won’t have to pay a return fee but just carry over my remaining payments either way I’m going to roll over a lot of money due to over mileage or remaining payments, the lease to the elentra sport would be 0 down, I’m just trying to see a better option of either leaving this lease early so I’m not paying the remaining 5550 in payments and an additional 4000+ in over mileage plus any wear and tear they add on, any advice would be much appreciated 

I think if you do the math, you'll come out ahead just paying the mileage overage at lease end. You lose $5500 now, or $4000 at lease end? Better to just stay with it.

I’m also looking at maintenance items that I’m going to have to replace such as tires and brakes which is going to tack onto the 4000

Michaell

Michael_Dre said:

kyfdx said:

Michael_Dre said:

Michaell said:

I have a print out of their quote that I can show you and maybe you can let me know if it’s a good price or it can be lower. 

Also it’s an early trade in, had the car a year and a half at I’m 5k under the return mileage, wanted to get rid of it early rather then continue to make payments and then roll in over mileage

Are you putting up $5300 cash out of pocket to start the new lease?

And, you're rolling over the cost of the miles now, by exiting the lease early. Why pay for miles you haven't used, rather than wait until the end of the lease and get value for them?

My point is, exiting a lease early is very rarely a wise financial decision.

I do a lot of miles I’m currently on a 36Mo/10mi year lease, I’ve had the car 16 months and have 25200 miles (the car is a Hyundai) for me to switch out of the lease to another hyundai I won’t have to pay a return fee but just carry https://forums.edmunds.com/post/quote/55407/Comment_5685860over my remaining payments either way I’m going to roll over a lot of money due to over mileage or remaining payments, the lease to the elentra sport would be 0 down, I’m just trying to see a better option of either leaving this lease early so I’m not paying the remaining 5550 in payments and an additional 4000+ in over mileage plus any wear and tear they add on, any advice would be much appreciated 

I think if you do the math, you'll come out ahead just paying the mileage overage at lease end. You lose $5500 now, or $4000 at lease end? Better to just stay with it.

I’m also looking at maintenance items that I’m going to have to replace such as tires and brakes which is going to tack onto the 4000

You have our thougths - what you decide to do is up to you.