Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

2020 Hyundai Elantra Lease Deals and Prices

12467

Comments

  • kyfdxkyfdx Posts: 158,872
    phxnewcar said:

    Michaell said:

    phxnewcar said:

    Michaell said:

    phxnewcar said:

    Michaell said:

    phxnewcar said:

    Hi there, I have been provided a 36/10 for zip 85282 (thank you again for the previous replies!). They have offered a mf of 0.00197 and a residual of 50%. Should I trust this or should the mf be lower? Thanks!

    What trim is this for?
    The 2020 SE.
    I show .00126 and 50%
    $3000 lease cash
    $500 bonus cash

    Dealer can mark up the MF .00040; what is your credit score?
    Thanks for the response. I appreciate the help here. That is what I was calculating my math with. Credit Score is 746. Is this low enough for such a high markup on mf? Am I able to argue with the dealer on this if the mf should actually be 0.00126? or even 0.0016? The mf I was quoted seems way too high.

    Again thank you so much for all the help on this, I appreciate it more than you know.
    746 should get you the base MF of .00126.

    Tell the dealer you only want the base rate, or you'll find another dealer. Don't negotiate it; they know what the rate is.
    Thank you. I reached back out to them saying I want the base MF of 0.00126. Waiting on a response. Does cap cost reduction/money down affect the money factor?
    No

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • phxnewcarphxnewcar PhoenixPosts: 9
    Thanks for all the help. They came back to me for $248/ month with zero cap cost reduction on a selling price of 18.5k. We couldn't come to an agreement so I walked away.
  • Hi, can you confirm MF and residual for 2020 elantra value edition in 84057. As well as any incentives? Thank you.
  • MichaellMichaell ColoradoPosts: 153,117

    Hi, can you confirm MF and residual for 2020 elantra value edition in 84057. As well as any incentives? Thank you.

    36/15
    .00163 and 52%
    $1750 lease cash
    $500 bonus cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    Hi, can you confirm MF and residual for 2020 elantra value edition in 84057. As well as any incentives? Thank you.

    36/15
    .00163 and 52%
    $1750 lease cash
    $500 bonus cash
    Thank you. Is the MF the same for 36/12?
  • kermynatorkermynator Seattle, WAPosts: 9
    Time to lease another Elantra.

    May I have the latest numbers for 2020 Elantra Limited (Ultimate) 36/12,000 for 98108 (Seattle, WA).

    Happy New Year!
  • MichaellMichaell ColoradoPosts: 153,117

    Michaell said:

    Hi, can you confirm MF and residual for 2020 elantra value edition in 84057. As well as any incentives? Thank you.

    36/15
    .00163 and 52%
    $1750 lease cash
    $500 bonus cash
    Thank you. Is the MF the same for 36/12?
    Yes, but the RV goes up to 54%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 153,117

    Time to lease another Elantra.

    May I have the latest numbers for 2020 Elantra Limited (Ultimate) 36/12,000 for 98108 (Seattle, WA).

    Happy New Year!

    .00127 and 53%
    $2500 lease cash
    $500 bonus cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stryve11stryve11 Posts: 3
    Hi there,

    Looking for RV, MF, and incentives for 36/10k in 92115 on 2020 Elantra
    SE, SEL & VALUE EDITION

    Thanks!
  • MichaellMichaell ColoradoPosts: 153,117
    stryve11 said:

    Hi there,

    Looking for RV, MF, and incentives for 36/10k in 92115 on 2020 Elantra
    SE, SEL & VALUE EDITION

    Thanks!

    SE - .00135 and 50%; $3750 lease cash
    SEL - .00116 and 53%; $3000
    Value - .00117 and 55%; $2750
    $500 bonus cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kermynatorkermynator Seattle, WAPosts: 9
    edited January 4
    Michaell said:



    May I have the latest numbers for 2020 Elantra Limited (Ultimate) 36/12,000 for 98108 (Seattle, WA).

    Happy New Year!

    .00127 and 53%
    $2500 lease cash
    $500 bonus cash
    One more question and an observation

    I know these offers expire on January 6. Do we have any indication if the post Jan 6 offers will be better or worse?

    Comparing my lease of a 2017 Elantra Lim Ult to the same for 2020.
    MF in Jan 2017 was .00047 (1.13%), Prime Rate 3.75%
    MF in Jan 2020 is .00127 (3.05%), Prime Rate 4.75%

    That's a 1.9% increase during a time when interest rates have only gone up 1%. Seems like HMF is a bit stingy this year. (I'm in the midst of a lease negotiation by email. Dealer currently offering .00167 which I've told them is UNacceptable.)
  • kyfdxkyfdx Posts: 158,872
    edited January 4

    Michaell said:



    May I have the latest numbers for 2020 Elantra Limited (Ultimate) 36/12,000 for 98108 (Seattle, WA).

    Happy New Year!

    .00127 and 53%
    $2500 lease cash
    $500 bonus cash
    One more question and an observation

    I know these offers expire on January 6. Do we have any indication if the post Jan 6 offers will be better or worse?

    Comparing my lease of a 2017 Elantra Lim Ult to the same for 2020.
    MF in Jan 2017 was .00047 (1.13%), Prime Rate 3.75%
    MF in Jan 2020 is .00127 (3.05%), Prime Rate 4.75%

    That's a 1.9% increase during a time when interest rates have only gone up 1%. Seems like HMF is a bit stingy this year. (I'm in the midst of a lease negotiation by email. Dealer currently offering .00167 which I've told them is UNacceptable.)
    No guesses on future programs

    Hyundai/Kia changed up their lease programs a couple of years ago.
    Instead of discounting the money factor, they started charging market rate money factors, and adding huge incentives to make up for it. (I'll guess the incentives are a lot higher now, than three years ago).

    In the end, they still have the same semi-crappy lease programs, it's just harder to put a handle on the whole program, without running all of the numbers. (which may be why they did it)

    Hyundai allows dealers to markup the rate by .00040, max.
    Of course, you should refuse that

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi, Money MF and RV on the 2020 Elantra Value Edition and Limited and any lease or bonus cash 36/12 for 60192
  • kyfdxkyfdx Posts: 158,872

    Hi, Money MF and RV on the 2020 Elantra Value Edition and Limited and any lease or bonus cash 36/12 for 60192

    LTD: .00130 MF and 52% residual. $2750 lease cash
    Value: .00142 MF and 53% residual. $2500 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kermynatorkermynator Seattle, WAPosts: 9
    edited January 8
    I obtained TrueCar pricing for a half dozen dealers in my area.

    I ended up leasing from the dealer with the lowest TrueCar price who happens to be the same dealer I leased my last two Hyundais from.

    Since I started leasing in 2012 (and using Edmunds for lease data), I have a spreadsheet that I use to compare lease deals. Based on the sum of the Depreciation Fee, Rent Fee and Sales Tax equations, it's always about $30-$40 shy of what the out the door lease looks like. That's a bit frustrating, so this year I rebuilt my spreadsheet to look and calculate just like the yellow Lease Agreement form used in Washington. Using data from Edmunds, TrueCar and my previous leases, I was able to come up with a set of target values for this year's lease agreement. I took my laptop to the dealership and fed in the values they had before signing anything. I was able to spot one $500 lease cash error on the dealer's part. (Always wonder if these omissions are intentional). Once all was said and done, the dealer's out the door values were $1.50 less than what I had modeled on my own! (Lucky for them I only do this every 3 years).

    Here's the data from my 2020 lease. I'm also including the 2017 data for the same make/model/trim for comparison.

    2017 Elantra Limited Ultimate
    MSRP: $27710
    Agreed Upon Value:$26990
    Net Cap Cost: $25706
    Depreciation: $11255 (based on 54% residual)
    Rent Fee: $679 (.00047 MF)
    $1000 Down (Title and 1st Month payment)
    Total Payment with 9.8% SalesTax: $365.01


    2020 Elantra Limited Ultimate
    MSRP: $27330
    Agreed Upon Value: $24894
    Net Cap Cost: $23261
    Depreciation: $8776.40 (based on 53% residual)
    Rent Charge $1725.88 (.00127 MF)
    $1000 Down (Title and 1st month payment)
    Total Payment with 10% Sales Tax: $322.95

    I always opt for the Hyundai Wear & Tear waiver ($900 option) and factor that cost into my pricing from the start.

    One can definitely see the difference between the MF/Lease Cash offers of '17 vs '20. This year was a much better deal overall.
  • MichaellMichaell ColoradoPosts: 153,117

    I obtained TrueCar pricing for a half dozen dealers in my area.

    I ended up leasing from the dealer with the lowest TrueCar price who happens to be the same dealer I leased my last two Hyundais from.

    Since I started leasing in 2012 (and using Edmunds for lease data), I have a spreadsheet that I use to compare lease deals. Based on the sum of the Depreciation Fee, Rent Fee and Sales Tax equations, it's always about $30-$40 shy of what the out the door lease looks like. That's a bit frustrating, so this year I rebuilt my spreadsheet to look and calculate just like the yellow Lease Agreement form used in Washington. Using data from Edmunds, TrueCar and my previous leases, I was able to come up with a set of target values for this year's lease agreement. I took my laptop to the dealership and fed in the values they had before signing anything. I was able to spot one $500 lease cash error on the dealer's part. (Always wonder if these omissions are intentional). Once all was said and done, the dealer's out the door values were $1.50 less than what I had modeled on my own! (Lucky for them I only do this every 3 years).

    Here's the data from my 2020 lease. I'm also including the 2017 data for the same make/model/trim for comparison.

    2017 Elantra Limited Ultimate
    MSRP: $27710
    Agreed Upon Value:$26990
    Net Cap Cost: $25706
    Depreciation: $11255 (based on 54% residual)
    Rent Fee: $679 (.00047 MF)
    $1000 Down (Title and 1st Month payment)
    Total Payment with 9.8% SalesTax: $365.01


    2020 Elantra Limited Ultimate
    MSRP: $27330
    Agreed Upon Value: $24894
    Net Cap Cost: $23261
    Depreciation: $8776.40 (based on 53% residual)
    Rent Charge $1725.88 (.00127 MF)
    $1000 Down (Title and 1st month payment)
    Total Payment with 10% Sales Tax: $322.95

    I always opt for the Hyundai Wear & Tear waiver ($900 option) and factor that cost into my pricing from the start.

    One can definitely see the difference between the MF/Lease Cash offers of '17 vs '20. This year was a much better deal overall.

    I don't think that's it. You only got $1K off the 2017 MSRP, but $2500 off the 2020 - that $1500 works out to about $45/mo, which is pretty close to the payment delta between the two deals.

    But, glad that you were able to tie out the math with the dealer, and that the dealer was willing to be transparent with you about it.

    Congrats, and enjoy new new Elantra.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I am interested in leasing 2020 Hyundai Elantra Value Edition, 36 months/10,000 miles at 92683. Please give me the Money Factor, Residue, rebate and incentive. Thanks
  • MichaellMichaell ColoradoPosts: 153,117
    Keithhd20 said:

    I am interested in leasing 2020 Hyundai Elantra Value Edition, 36 months/10,000 miles at 92683. Please give me the Money Factor, Residue, rebate and incentive. Thanks

    .00122 and 54%
    $3000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you for the info Michaell.
  • KKbuyingKKbuying Posts: 2
    Hi, I'm looking for RV, MF, and incentives for an SE model in 14215. Thanks! 36/10
  • kyfdxkyfdx Posts: 158,872
    KKbuying said:

    Hi, I'm looking for RV, MF, and incentives for an SE model in 14215. Thanks! 36/10

    .00144 MF and 49% residual
    $4000 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Looking for MF-RV-incentives for '20 Elantra Value & Limited @ 36/10K, 36/12K for 97219. Much appreciated!
  • MichaellMichaell ColoradoPosts: 153,117

    Looking for MF-RV-incentives for '20 Elantra Value & Limited @ 36/10K, 36/12K for 97219. Much appreciated!

    36/12
    Limited - .00156 and 52%; $2250 lease cash
    Value - .00169 and 53%; $2000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • romitompromitomp Posts: 8
    Hi. I'm looking for the MF, RV, and incentives for Elantra Value in 15502.
  • romitompromitomp Posts: 8
    romitomp said:

    Hi. I'm looking for the MF, RV, and incentives for Elantra Value in 15502.

    Meant to add 36/10k and 36/12k
  • MichaellMichaell ColoradoPosts: 153,117
    romitomp said:

    romitomp said:

    Hi. I'm looking for the MF, RV, and incentives for Elantra Value in 15502.

    Meant to add 36/10k and 36/12k
    36/12
    .00169 and 53%
    $2000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • youbeenyoubeen Posts: 14
    Hi, what's the MF, residual and lease or loyalty credits (if any) for 2020 Elantra SE, 36/10k zip code 19444?
  • kyfdxkyfdx Posts: 158,872
    youbeen said:

    Hi, what's the MF, residual and lease or loyalty credits (if any) for 2020 Elantra SE, 36/10k zip code 19444?

    .00141 MF and 49% residual
    $4000 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dacve123dacve123 Posts: 5
    edited February 4
    Hi- can you provide numbers for a 2020 Elantra Eco, 36/10, 19096 zip code?
    Any loyalty offers?
  • petertarpetertar Posts: 13
    Hi Can you provide MF & residual and any incentives on a 2020 Elantra SEL 36/10, zip: 78704? Thanks
  • MichaellMichaell ColoradoPosts: 153,117
    dacve123 said:

    Hi- can you provide numbers for a 2020 Elantra Eco, 36/10, 19096 zip code?
    Any loyalty offers?

    .00108 and 52%
    $3250 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 153,117
    petertar said:

    Hi Can you provide MF & residual and any incentives on a 2020 Elantra SEL 36/10, zip: 78704? Thanks

    .00165 and 53%
    $2000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bbadda0bbadda0 Posts: 1
    Hi Can you provide MF & residual and any incentives on a 2020 Elantra SEL 36/15, zip: 90020? Thanks
  • MichaellMichaell ColoradoPosts: 153,117
    bbadda0 said:

    Hi Can you provide MF & residual and any incentives on a 2020 Elantra SEL 36/15, zip: 90020? Thanks

    .00116 and 50%
    $3000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi!

    Would anyone be able to provide the MF, RV, and current incentives for a 2020 Hyundai Elantra, both SE and SEL models, for 36/12 in zip code 28134?

    Thanks so much!
  • kyfdxkyfdx Posts: 158,872
    AOTD2020 said:

    Hi!

    Would anyone be able to provide the MF, RV, and current incentives for a 2020 Hyundai Elantra, both SE and SEL models, for 36/12 in zip code 28134?

    Thanks so much!

    SE: .00137 MF and 48% residual. $2500 lease cash
    SEL: .00165 MF and 52% residual. $2000 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Interested in the Value Edition, 36/12, zip is 46060, thanks in advance
  • kyfdxkyfdx Posts: 158,872

    Interested in the Value Edition, 36/12, zip is 46060, thanks in advance

    .00169 MF and 53% residual
    $2000 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hello, what is the MF, RV and incentives for the SEL for a 36 month/12K lease in zip 90018?
  • MichaellMichaell ColoradoPosts: 153,117

    Hello, what is the MF, RV and incentives for the SEL for a 36 month/12K lease in zip 90018?

    .00116 and 52%
    $3000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bwilson79bwilson79 86351Posts: 3
    Looking for lease numbers on 2020 Hyundai Elantra SE, 12k/yr, 36mo, 86351 zip
  • MichaellMichaell ColoradoPosts: 153,117
    bwilson79 said:

    Looking for lease numbers on 2020 Hyundai Elantra SE, 12k/yr, 36mo, 86351 zip

    .00131 and 48%
    $3250 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • joe_derojoe_dero Posts: 19
    MF and RV for 36/7,500 and 36/10 in zip 95125 basic automatic
  • joe_derojoe_dero Posts: 19
    joe_dero said:

    MF and RV for 36/7,500 and 36/10 in zip 95125 basic automatic

    SE Cheapest one
  • MichaellMichaell ColoradoPosts: 153,117
    joe_dero said:

    joe_dero said:

    MF and RV for 36/7,500 and 36/10 in zip 95125 basic automatic

    SE Cheapest one
    36/10
    .00137 and 49%
    $2500 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi, can you provide lease number for 2020 Elentra SEL sedan, 10k/36, 11501 zip.

    Thank you!
  • MichaellMichaell ColoradoPosts: 153,117
    vhhhkjfk said:

    Hi, can you provide lease number for 2020 Elentra SEL sedan, 10k/36, 11501 zip.

    Thank you!

    .00116 and 53%
    $3000 lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gdoubleugdoubleu N.Y.Posts: 4
    Hi, Could I get the RV, MF, and incentives for the SE, and SEL at 36mo/12k. Zip Code 11758.
    Thank you.
  • kyfdxkyfdx Posts: 158,872
    gdoubleu said:

    Hi, Could I get the RV, MF, and incentives for the SE, and SEL at 36mo/12k. Zip Code 11758.
    Thank you.

    SE: .00141 MF and 48% residual. $4000 lease cash
    SEL: .00116 MF and 52% residual. $3000 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi can I please have the MF, Residual and any incentives for a 2020 Elantra SEL?

    36/10k & 39/10k ZIP Code 33027.

    Thanks!
Sign In or Register to comment.