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First Lease Deal help appreciated for 2020 Tucson SEL

caraslancaraslan Member Posts: 2
edited February 2020 in Hyundai
Hi, so I leased a car on my own for the very first time since I graduated college. I've been researching a decent amount and I think I got a good deal, but I'm not too sure so here I am.
2020 Tucson SEL
Engine: 2.4L I-4 cyl
MSRP: 27300
Final price after discounts: 24500

Down Payment: $0
Monthly payment: 295.10 (fee's+taxes included)
Months/Miles: 36/10
Money Factor: 0.001330
Residual: 57% (I think that's what they said)
End Term Buyout: 15500
Zip code: 90703

I didn't get any wear and tear coverage or gap insurance and I didn't pay the disposition fees. All taxes and fees for licensing, dealer documents fee, etc were calculated into the monthly payment. Did I get a good deal?

Comments

  • MichaellMichaell ColoradoModerator Posts: 182,839
    caraslan said:

    Hi, so I leased a car on my own for the very first time since I graduated college. I've been researching a decent amount and I think I got a good deal, but I'm not too sure so here I am.
    2020 Tucson SEL
    Engine: 2.4L I-4 cyl
    MSRP: 27300
    Final price after discounts: 24500

    Down Payment: $0
    Monthly payment: 295.10 (fee's+taxes included)
    Months/Miles: 36/10
    Money Factor: 0.001330
    Residual: 57% (I think that's what they said)
    End Term Buyout: 15500
    Zip code: 90703

    I didn't get any wear and tear coverage or gap insurance and I didn't pay the disposition fees. All taxes and fees for licensing, dealer documents fee, etc were calculated into the monthly payment. Did I get a good deal?

    Looks like you did just fine.

    Congrats, and enjoy the new car!

    Edmunds Lease Calculator
    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

  • caraslancaraslan Member Posts: 2
    Michaell said:

    caraslan said:

    Hi, so I leased a car on my own for the very first time since I graduated college. I've been researching a decent amount and I think I got a good deal, but I'm not too sure so here I am.
    2020 Tucson SEL
    Engine: 2.4L I-4 cyl
    MSRP: 27300
    Final price after discounts: 24500

    Down Payment: $0
    Monthly payment: 295.10 (fee's+taxes included)
    Months/Miles: 36/10
    Money Factor: 0.001330
    Residual: 57% (I think that's what they said)
    End Term Buyout: 15500
    Zip code: 90703

    I didn't get any wear and tear coverage or gap insurance and I didn't pay the disposition fees. All taxes and fees for licensing, dealer documents fee, etc were calculated into the monthly payment. Did I get a good deal?

    Looks like you did just fine.

    Congrats, and enjoy the new car!
    Thank you! How would you rate this out of 10? I'm always looking to learn more and would appreciate your honest opinions and tips.
  • kyfdxkyfdx Moderator Posts: 187,525
    caraslan said:

    Michaell said:

    caraslan said:

    Hi, so I leased a car on my own for the very first time since I graduated college. I've been researching a decent amount and I think I got a good deal, but I'm not too sure so here I am.
    2020 Tucson SEL
    Engine: 2.4L I-4 cyl
    MSRP: 27300
    Final price after discounts: 24500

    Down Payment: $0
    Monthly payment: 295.10 (fee's+taxes included)
    Months/Miles: 36/10
    Money Factor: 0.001330
    Residual: 57% (I think that's what they said)
    End Term Buyout: 15500
    Zip code: 90703

    I didn't get any wear and tear coverage or gap insurance and I didn't pay the disposition fees. All taxes and fees for licensing, dealer documents fee, etc were calculated into the monthly payment. Did I get a good deal?

    Looks like you did just fine.

    Congrats, and enjoy the new car!
    Thank you! How would you rate this out of 10? I'm always looking to learn more and would appreciate your honest opinions and tips.
    We don't rate deals.

    But... HMF leases all include GAP insurance at no extra charge.
    Disposition fees are paid at lease end.

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

    Edmunds Moderator

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