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Hyundai Elantra Lease Questions



  • seb7seb7 Posts: 7
    Hi Car_man,

    Could you provide MF and residual for Elantra GT with Touch and Go package please?
    Lease 24 months, 12k or 15k miles. Do they provide any extra incentives (beside those on their website)?
    I live in Chicago, IL.

  • dowzamp2dowzamp2 Posts: 2
    Car_man, could I ask you also include 36 months in your response?

    Many thanks
  • dowzampdowzamp Posts: 9
    I'm currently talking to a dealer about a GT AT with Touch & Go MRSP and a MSRP of approx $21,650 - they have discounted it by $1600 and then told me that because I'm leasing I can't take advantage of any of the incentives such as the $750 "Valued Owner" - is this really true?

    I don't know the all the details yet as its like gettig blood out of a stone but 36/1200 with $1000 at signing is comming out at $239 per month with all taxes in TN


    thanks in advance
  • I had the same situation and they always include all the discounts and bonuses if you are purchasing. Leasing, however, does not qualify for other than a competitive bonus/discount, whatever they call it. I also had trouble getting straight information and I suggest you just keep talking to various dealers persistently. That way after a while you'll surely learn all the details and be ready for a visit. They are just fishing for that, a big pain man. They do get scrambling near the end of the month. Good luck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Interesting, dylrex, I guess that they are. I haven't seen anything on that. I'll ask around. Thanks.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man, sorry for hunting you down throughout the forums (big day ahead of me - need all the numbers I can pull!). Do you have MF and residual for a 2013 Elantra GT with A/T trans, 45k mile allowance and 36mo lease?

  • dowzampdowzamp Posts: 9
    This is thw deal I have on the table - any views, I'm thinking it is OK

    MSRP 21,675 (GT, auto, Touch & Go, Auto Dimming and mats)
    Sales pricde 20,025
    Gross Capital 21,280.38 (595 Acq fee, 598 doc, tax)
    63% residual
    .00120 MF

    $1,750 at signing covering the first month, $1,000 down and tags, reg, title etc)
    35 month of $232 inc alll TN taxes (7%)

    The $1,750 at signing would be covered by $750 loyalty rebate, $500 cash matched by Motorzuma with $500 rebate

    So in effect this is $500 out the door followed by 35 months at $232 - total 3 year cost to me of $8,620

  • ewarren423ewarren423 Posts: 7
    edited April 2013
    Just entered into a 24 month/ 24k mile lease on a 2013 GLS. Auto, popular equipment, spoiler, mats, splash guards, first aid kit and wheel locks. Sticker right around 20k.

    $500 down
    $159/month including the 9% taxes.

    Thought this was a decent deal.
  • That's sounds like a great deal. Where was that? I would lease one.
  • Ciocca Hyundai in Quakertown, PA.
  • seb7seb7 Posts: 7
    Hello, I am trying one more time...

    Car_Man could you provide MF and res for 24 mo lease with 12/15k miles in April? Elantra GT with Touch&Go

  • duca1222duca1222 Posts: 3
    edited April 2013
    Just left the dealer and got this:
    Elantra Limited White w/ Black interior
    Tech Package
    Wheel Locks
    Floor Mats

    239.49 a month 36/12k
    MSRP 24,504
    63% Residual (15,438)
    $1,500 Down

    What does everyone think?

    Was told that:
    Limited Money Factor: .00136 and Residual 63%
    GLS Money Factor: .00121 Residual 66%
    Lease from Hyundai Financial

    Got if from Hyundai of Orlando from Jason Nuss real awesome straight forward guy.
    Said if interested in any Hyundai call him 321-689-9494 and use Coupon Code:DUCA to get the best deal!!!!!
  • MF is .00118 and Residual is 75/73% depending on miles.

  • fhd444fhd444 Posts: 2
    It is not clear from your post if the 239.49 includes the sales tax. If it does include sale tax this is an excellent deal. I just got a limited w tech package for 201/month including tax with 2650 down but most of the down was in the form of a credit for lease return 1650 and rebates of 750 and 163 in cash. I am blown away how good my deal was. Given the high residual value of an Elantra of 63% for a 36 month lease you cannot go wrong with leasing an elantra.
  • icatchx22iicatchx22i Posts: 1
    edited April 2013
    Elantra GLS with preferred package, 12k a year for 24months. $0 down $179/month including taxes (sales 6.25%), registration, everything.
  • duca1222duca1222 Posts: 3
    239.49 is tax in. Where did you get yours? What was your MSRP? That deal is crazy good. I put 1500 down cash and got 1150 in rebates. So we basically put the same money down but a $40 dollar a month difference.
  • duca1222duca1222 Posts: 3
    Did you have any rebates?
  • seb7seb7 Posts: 7


    MRSP: $21800
    Sale: 19700 (before rebate)
    Rebate: 750
    MF: .00118
    Res 12k: 75%

    IL DuPage county 7% tax. Illinois charges tax for entire car value, not payments!

    $251/mo taxes included with 0 down for 24 months.
  • driverone2driverone2 Posts: 13
    So, 2013 Elantra GLS automatic (black diamond/beige) with preferred package is the car.

    MSRP 19,520
    SELLING PRICE 18,565
    DOWN PAYMENT $2,000
    MONEY FACTOR .00074
    RESIDUAL .76
    CAP COST 17,630.41
    BUY OUT 14,835

    I would like to know what all of you think about the offer? Please let me know if you see any hidden fees in this offer.

    Also, I have used an anonymous email and a fake name to negotiate since I contacted them before in March this year. Back then the best offer was $239 with taxes and another internet sales manager was working with me.

    Thank for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey seb7. Hyundai Finance's current buy rate lease money factor and residual value for a 24-month lease of a 2013 Elantra GT with an automatic transmission and 15,000 miles per year are .00073 and 69% for consumers who qualify for its top credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • sonoflarssonoflars Posts: 1
    edited May 2013
    Can you provide me with May money factor and residual value for a 36 month 12,000 miles lease for both a 2013 Elantra GT with the Touch-and-Go package and a GT with the Style Package?
  • salesguyjaysalesguyjay Posts: 22
    Both are the same for MF and Residual...

    3 yr / 36K lease... .00138 and 63%

    You do better on a 2 year tho if interested ... .00073 and 71%

  • steevosteevo Posts: 383
    Car_man, can you please provide the May MF and Residual value 24/36 months , 12,000 miles for the 2013 Hyundai Elantra Coupe GLS and also for the SE model?
    Thanks, Steve
  • salesguyjaysalesguyjay Posts: 22
    Not Car_man obviously - but in his absense i can supply the same info...

    GLS Coupe (assuming auto trans)
    24 month lease:
    .00152 MF and 75% Resid
    36 month:
    .00195 and 67%

    SE Coupe
    24 month lease:
    .00129 and 73%
    36 month:
    .00191 and 65%

    Hope that helps :)
  • danyc1danyc1 Posts: 11
    How about May MF and residual for 2yr and 3yr, 12k/yr lease for the Elantra Limited? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sonoflars. Hyundai Finance's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Elantra GT with an automatic transmission and 12,000 miles per year are .00138 and 63% for consumers who qualify for its top credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey danyc1. Hyundai Finance's May buy rate lease money factor and residual value for a 24-month lease of a 2013 Elantra Limited with 12,000 miles per year are .00112 to .00136 and 72% to 73% for consumers who qualify for its top credit tier. The exact program varies depending upon how the car that you want is equipped.

    The numbers for an otherwise identical 36-month lease are .00153 and 63%, regardless of equipment.

    Prices Paid: Buying & Leasing Experiences Forum
  • danyc1danyc1 Posts: 11
    Thanks Car Man, my quotes matched yours (63% residual and .00153 money factor), although back on may 8th I was quoted 66% and .00141 but think dealer was just switching numbers around.

    I was quoted the following for the Elantra limited without tech package:
    Adjusted cap cost: $22,282
    $0 due at signing
    RV: 63%
    Money factor: 0.00153
    $286/month (includes all inception fees, but not state taxes)

    Last week he quoted me $286/month net of all fees AND taxes, and said then adjusted cap cost was $22,434 wi 66% RV and MF of 0.00141.

    I've since gone back for an explanation of inception fees because he's claiming the above includes a $1,500 discount off MSRP whih I find hard to believe. Thoughts?
  • edge7edge7 Posts: 3
    edited August 2013
    Signed a 36 month lease with 12K miles per year for the Elantra with the preferred package with $1000 down and $200 per month, 1st month payment they take care of. Love the car in dark grey.
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