Yep, djdez, as hard as it is to believe that residual value is indeed correct. Hyundai Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2012 Elantra Limited with 12,000 miles per year are .00150 and 64%, respectively for consumers who qualify for its top two credit tiers.
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To add to kyfdx's excellent explanation, from the consumer's perspective the higher a vehicle's residual value is the better because it means that you are paying for less depreciation over the life of your lease and your monthly payment will be lower.
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Hello everyone, i was wondering what kind of number for monthly payments i should see for a 2011 elantra limited w/ no nav 12k/36 month lease with all dealer fees and the down payment payed.
Got a quote in NYC for Limited w/ Navigation lease - $328/month, $2500 down, 15K, 36 months. Seems kinda high but what do I know...I've been without a car for years! Would appreciate any feedback.
Here you go elantraman2. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2012 Elantra Limited with 15,000 miles per year are .00150 and 63%.
I don't believe that Hyundai is currently providing support on 39 month leases of this car.
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I got the same info/quote from two different dealers in Indianapolis recently: MF = 00150, RV = 66%, 12K/yr, 36 mos. I put a deposit down at the dealership that had the gls color and package I'm after on a to-be-delivered-next list and have been waiting about 2 weeks. The salesman said 2 to 3 weeks. We'll see.
Greetings rbr. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2012 Elantra GLS Auto with 15,000 miles per year are .00150 and 65%, respectively for consumers who qualify for its top credit tier.
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Hi Car_man, we were kind of thrust into the car market by an unexpected and very costly repair on an 11 year old car (just can't stomach sinking more money into it, but are on a very tight timeline to lease new car, as we are renting a car $$$ until we lock in a new one). Looked at Consumer Reports, and saw that they named the Hyundai Elantra 2011 as the best small car of 2011.
Looking at deals in SE WI, one deal was $1699 due at signing, starting at $169/mo with 1.9% APR. Is this good? Do you have the MV and residual values for this? We are looking at 12,000 miles/year and a 36 month lease.
Also, any helpful tips for us? We are first-time leasers. Thank you in advance!
Hi kdkmilwaukee. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. When leasing a vehicle you should negotiate as low a selling price as possible on the vehicle that you want and then have the dealer work up a payment on it for you using its buy rate lease money factor.
Hyundai Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Elantra Limited with 12,000 miles per year are .00072 and 60%, respectively.
When negotiating your deal on this car, make sure to take the $500 cash incentive that is currently available on leases of it into account.
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I just stumbled across this forum & was pleasantly surprised to find so much info on car leasing! It's good to see so many people doing their HW like I am trying to. I am however having a little trouble putting the two big terms used here (lease factor/money rate & residual value) to practical use. I understand the definitions of both terms, but am trying to figure out how they get applied to the car when trying to figure out your lease?
I have my sights set on a 2011 Elantra GLS A/T, with the Nav system (I know on the 2012's they don't offer Nav on the GLS, but on 2011's they do). I am located in NYC but usually end up car shopping in NJ. Can anyone give me an idea of what I should expect to be putting down + monthly payments? Or point me in the right direction so I can figure it out myself.
Also, has anyone head of this LeaseKit? Is it any good?
Do you have the current money factor and residual for the Elantra Touring? I assume they may differ from those figures for the models you've already posted here. Thanks.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
If you provide me with the MSRP and dealer invoice price of the car that you are interested in I will gladly work up a payment on it for you to give you an idea of what to expect. You can find that pricing data over in the New Vehicle Pricing section of Edmunds.com.
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I certainly do chicagopjp. Hyundai Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Elantra Touring GLS with an automatic transmission and 15,000 miles per year are .00062 and 50%, respectively for consumers who qualify for its top credit tier.
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Hey ugadogg. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Elantra Limited with 12,000 miles per year are .00150 and 64%, respectively for consumers who qualify for its top credit tier.
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Can you please give me the MF and residual % for a 2012 Elantra GLS Automatic for a 3yr lease with 15,000 miles. Are those rates the same for a 2011 version of the same model? Thanks!
I'd be happy to help you out, bmack11. Hyundai Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Elantra GLS Auto with 15,000 miles per year are .00150 and 65%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a 2011 model are .00047 and 59%.
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Looking to lease elantra 2012 1.8L Manual GLS Sedan listed at $18,455. This is not something I do everyday. 36 payments of $159 total $5,724.00 with $4000.00 down (including all fees).
My fee breakdown is $553 tax $69 tag $499 doc fee $595?? fee on lease? and $159 first payment. So, $553 +$69 +499 +595= $1716 in tax, tag, fees and total of $2,284 deposit + 5724 payments= $8,008 is what i will be paying for car. Is this a good deal????
Also, they have a nice 2012 Limited Edition listed for $23,605.00 (navigation, leather, etc). They just told me $6K down and $179 mo. on the nicer llimited edition. I really want this one. What is negotiable?
Would you please confirm that the difference between 12K and 15K residual for the Elantra us is 1% instead of 2% that other manufacturers usually have?
It's NEVER a good idea to put a down payment on a leased vehicle. You should only be putting down at most, the first month, security, DMV. I also put the tax in my payment.
Keep the 4k in your own bank account and pay a little higher a month payment.
Heaven forbid you total the car, you will be out the 4k
Hi marzsh1. That is indeed correct. For some reason the Korean automakers, Hyundai and Kia, only offer a 1% bump in their residual values when going from 15,000 to 12,000 miles per year.
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Car_Man, can you provide the lease numbers for an Elantra Limited, residual and MF. Also, besides documentation and tax and tags, what other fees are typically included. Finally, I haven't been able to find it on other forums, can you provide rates for the Veloster as well?
Wasn't a message board for the Veloster. Would you have any insight on what the residual value is on the new Veloster? In MA since the car is so new, I cant get a straight answer from dealers on a Veloster/DCT/Style package lease price. Right now MSRP is 21,310 and looking to lease for 36mo/12K. Thanks for the help!
Thanks for all your input on the forum. We all appreciate it. I am pricing a 36 month lease for my mother on a 2012 Hyundai Elantra Limited with the Technology package (navi, rearveiw camera, etc.). A dealer in Stamford CT gave her a quote of $1,000 down and $330 per month (taxes and all fee's included). It sounds like this is a steep high? What do you think? What should she be paying per month at the current residual values and money factor's with an average credit score?
Would you please give me the MF and residual value % for a 2012 Elantra Touring GLS Automatic for a 3yr lease with 15,000 miles for October. Also, do you know of any special incentives for this month? Thanks so much.
Hi amitusmaximus. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 15,000 miles per year are .00133 and 62%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of the new Veloster are .00115 and 60%.
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I was hoping that you could provide me with the October money factor and residual value on a 2012 Elantra Limited with 12K miles/year (I do not believe that Hyundai does 10k/yr leases, but if they do, could you provide that information as well)?
Im new at this. I am looking to get a 2012 Elantra Limited (fully loaded). So far this is what the dealer is quoting me. Please suggest what i should be looking for to get the best rate. Thanks
$1500 due at signing. $303.22 Monthly payment. $23325 (included 200 under invoice discount) <<<< what the fleet manager said. 3 year total payment of $10915 Residual at 15062.42 Excessive wear and tear included up to $1500.
I am interested in leasing a 2012 Hyundai Elantra GLS A/T (MSRP: $19055). Can you share with me the October MF and Residual? I'm planning to lease for 36 months, 15,000 miles a year.
Im new at this. I am looking to get a 2012 Elantra Limited (fully loaded). So far this is what the dealer is quoting me. Please suggest what i should be looking for to get the best rate. Thanks
$1500 due at signing. $303.22 Monthly payment. $23325 (included 200 under invoice discount) <<<< what the fleet manager said. 3 year total payment of $10915 Residual at 15062.42 Excessive wear and tear included up to $1500. Thanks in advance! Jay
For Bay Area, CA Would you please give me the MF and residual value % for a 2012 Elantra Touring GLS Automatic for a 3yr lease with 15,000 miles for October. Also, do you know of any special incentives for this month? Thanks so much. Can I also just pay the 1st month payment as drive off?
I certainly can jonlevy504. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 12,000 miles per year are .00133 and 62%, respectively for consumers who qualify for its top credit tier.
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Hi Jay. You're on the right track. You already have possibly the most important number to focus on...the selling price. A selling price of $200 under dealer invoice is a very good price for a 2012 Hyundai Elantra.
Just make sure that the dealer uses Hyundai Finance's current buy rate lease money factor of .00133 to calculate your car's payment and you're in business.
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Here you go bzjeep. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra GLS AT with 15,000 miles per year are .00133 and 65%, respectively for consumers who qualify for its top credit tier.
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Greetings frsa. Hyundai Finance's October buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra Touring GLS AT with 15,000 miles per year are .00085 and 57%, respectively for consumers who qualify for its top credit tier.
I don't believe that Hyundai is providing any cash incentives on the 2012 Elantra right now.
Typically at lessees have to pay their vehicle's first month's payment, security deposit, and acquisition fee at lease signing. However, you may be able to roll the acquisition fee and security deposit into your deal so that you only have to pay the first month's payment at signing if you want.
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Hi Car_man, All, I am getting the following from a San Jose dealer for a Hyundai Elatra GLS Auto with Preferred package:
MSRP: 18805 Price: 17855 Down payment: 1999
With a 65% residual value and 0.00133 money factor, on a 36 month lease, I'm calculating the lease payment to be around $176.00 without taxes. However, the dealer tells me the payment is $205/month without taxes. What am I missing here?
Hi kaalpurush. Using the numbers that you provided, I estimate that this car would have a zero down, pre-tax monthly payment of around $197. Depending upon how much of the money that is due at lease signing is used as a capitalized cost reduction, this car's payment would be a little lower than that.
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Hello Car_Man! Can you please tell me what the Hyundai Finance's November 2011 buy rate, lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 15,000 miles per year are? Thank you!
I signed a lease tonight in NJ for a 2012 Elantra Limited (without technology package) for $500 down (includes all tax, fees, and 1st month payment) and $266/month (incl. tax) for remaining 35 months at 12k miles/yr, out the door. Good deal?
Hello bec2012. Hyundai Finance's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 15,000 miles per year are .00133 and 62%, respectively for consumers who qualify for its top credit tier.
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Back in May '10, I leased a Hyundai Elantra ($2495 down, $99.6 monthly payment, 12000 miles, 2 year lease, purchase price of $11,210.85 at the end of lease)
I still have 6 months to go w/ lease, and I'm very close to my mile limit of 24000.
Wondering if you have any info / links on deciding whether to buy the car at the end of lease, and return without putting any extra miles
When I purchased I never thought I would own the car, but with 6 months to go (and plans to add 9000 miles), am I better off buying the car ?
Hi Sam. Unfortunately as you suspect, the only way to avoid paying an excess mileage penalty is to purchase your vehicle at lease-end.
What is your vehicle's excess mileage charge? At $0.15/mile you're looking at a charge of $1,350 for going 9,000 miles over your limit. That's obviously a decent chunk of change. You can avoid this charge buy buying your Elantra at lease-end, but you may not want to do that for one reason or another...perhaps the $11,210 selling price is significantly more expensive than this car would be on the open market, or you're just sick of it, etc...
Heck at $99 per month, your payment is so cheap, you could lease something else and just let your Elantra sit there for the next couple of months, using it only sparingly.
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I don't believe that Hyundai is currently providing support on 39 month leases of this car.
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Greetings. Looking for MF and RV on 2012 Elantra GLS w/auto. 15,000 miles/year. 36 month lease.
As always, many thanks in advance.
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Looking at deals in SE WI, one deal was $1699 due at signing, starting at $169/mo with 1.9% APR. Is this good? Do you have the MV and residual values for this? We are looking at 12,000 miles/year and a 36 month lease.
Also, any helpful tips for us? We are first-time leasers. Thank you in advance!
Hyundai Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Elantra Limited with 12,000 miles per year are .00072 and 60%, respectively.
When negotiating your deal on this car, make sure to take the $500 cash incentive that is currently available on leases of it into account.
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I just stumbled across this forum & was pleasantly surprised to find so much info on car leasing! It's good to see so many people doing their HW like I am trying to. I am however having a little trouble putting the two big terms used here (lease factor/money rate & residual value) to practical use. I understand the definitions of both terms, but am trying to figure out how they get applied to the car when trying to figure out your lease?
I have my sights set on a 2011 Elantra GLS A/T, with the Nav system (I know on the 2012's they don't offer Nav on the GLS, but on 2011's they do). I am located in NYC but usually end up car shopping in NJ. Can anyone give me an idea of what I should expect to be putting down + monthly payments? Or point me in the right direction so I can figure it out myself.
Also, has anyone head of this LeaseKit? Is it any good?
http://www.leaseguide.com/leasekit.cfm
Thanks & best of luck to everyone out there trying to get through this grueling process!
Do you have the current money factor and residual for the Elantra Touring? I assume they may differ from those figures for the models you've already posted here. Thanks.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
If you provide me with the MSRP and dealer invoice price of the car that you are interested in I will gladly work up a payment on it for you to give you an idea of what to expect. You can find that pricing data over in the New Vehicle Pricing section of Edmunds.com.
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Can you please give me the MF and residual % for a 2012 Elantra Limited for a 3yr, 36k mile lease?
Thanks!
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Can you please give me the MF and residual % for a 2012 Elantra GLS Automatic for a 3yr lease with 15,000 miles. Are those rates the same for a 2011 version of the same model? Thanks!
The numbers for an otherwise identical lease of a 2011 model are .00047 and 59%.
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My fee breakdown is $553 tax $69 tag $499 doc fee $595?? fee on lease? and $159 first payment. So, $553 +$69 +499 +595= $1716 in tax, tag, fees and total of $2,284 deposit + 5724 payments= $8,008 is what i will be paying for car. Is this a good deal????
Also, they have a nice 2012 Limited Edition listed for $23,605.00
(navigation, leather, etc). They just told me $6K down and $179 mo. on the nicer llimited edition. I really want this one. What is negotiable?
Can you help?
i have good credit!
Would you please confirm that the difference between 12K and 15K residual for the Elantra us is 1% instead of 2% that other manufacturers usually have?
Thanks
Keep the 4k in your own bank account and pay a little higher a month payment.
Heaven forbid you total the car, you will be out the 4k
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Wasn't a message board for the Veloster. Would you have any insight on what the residual value is on the new Veloster? In MA since the car is so new, I cant get a straight answer from dealers on a Veloster/DCT/Style package lease price. Right now MSRP is 21,310 and looking to lease for 36mo/12K. Thanks for the help!
Thanks for all your input on the forum. We all appreciate it. I am pricing a 36 month lease for my mother on a 2012 Hyundai Elantra Limited with the Technology package (navi, rearveiw camera, etc.). A dealer in Stamford CT gave her a quote of $1,000 down and $330 per month (taxes and all fee's included). It sounds like this is a steep high? What do you think? What should she be paying per month at the current residual values and money factor's with an average credit score?
Thanks.
Lance
The numbers for an otherwise identical lease of the new Veloster are .00115 and 60%.
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I was hoping that you could provide me with the October money factor and residual value on a 2012 Elantra Limited with 12K miles/year (I do not believe that Hyundai does 10k/yr leases, but if they do, could you provide that information as well)?
Thanks in advance!
-Jonlevy504
Im new at this. I am looking to get a 2012 Elantra Limited (fully loaded). So far this is what the dealer is quoting me. Please suggest what i should be looking for to get the best rate. Thanks
$1500 due at signing.
$303.22 Monthly payment.
$23325 (included 200 under invoice discount) <<<< what the fleet manager said.
3 year total payment of $10915
Residual at 15062.42
Excessive wear and tear included up to $1500.
Thanks in advance!
Jay
I am interested in leasing a 2012 Hyundai Elantra GLS A/T (MSRP: $19055). Can you share with me the October MF and Residual? I'm planning to lease for 36 months, 15,000 miles a year.
Thank you!
Im new at this. I am looking to get a 2012 Elantra Limited (fully loaded). So far this is what the dealer is quoting me. Please suggest what i should be looking for to get the best rate. Thanks
$1500 due at signing.
$303.22 Monthly payment.
$23325 (included 200 under invoice discount) <<<< what the fleet manager said. 3 year total payment of $10915 Residual at 15062.42 Excessive wear and tear included up to $1500. Thanks in advance! Jay
Would you please give me the MF and residual value % for a 2012 Elantra Touring GLS Automatic for a 3yr lease with 15,000 miles for October. Also, do you know of any special incentives for this month? Thanks so much.
Can I also just pay the 1st month payment as drive off?
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Just make sure that the dealer uses Hyundai Finance's current buy rate lease money factor of .00133 to calculate your car's payment and you're in business.
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I don't believe that Hyundai is providing any cash incentives on the 2012 Elantra right now.
Typically at lessees have to pay their vehicle's first month's payment, security deposit, and acquisition fee at lease signing. However, you may be able to roll the acquisition fee and security deposit into your deal so that you only have to pay the first month's payment at signing if you want.
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I am getting the following from a San Jose dealer for a Hyundai Elatra GLS Auto with Preferred package:
MSRP: 18805
Price: 17855
Down payment: 1999
With a 65% residual value and 0.00133 money factor, on a 36 month lease, I'm calculating the lease payment to be around $176.00 without taxes. However, the dealer tells me the payment is $205/month without taxes. What am I missing here?
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I was able to negotiate a pre-tax payment of 176 with 1999 down. Do you think it was a good deal?
Can you please tell me what the Hyundai Finance's November 2011 buy rate, lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 15,000 miles per year are? Thank you!
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Thanks!
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Back in May '10, I leased a Hyundai Elantra ($2495 down, $99.6 monthly payment, 12000 miles, 2 year lease, purchase price of $11,210.85 at the end of lease)
I still have 6 months to go w/ lease, and I'm very close to my mile limit of 24000.
Wondering if you have any info / links on deciding whether to buy the car at the end of lease, and return without putting any extra miles
When I purchased I never thought I would own the car, but with 6 months to go (and plans to add 9000 miles), am I better off buying the car ?
Appreciate your input.
Thanks,
Sam.
What is your vehicle's excess mileage charge? At $0.15/mile you're looking at a charge of $1,350 for going 9,000 miles over your limit. That's obviously a decent chunk of change. You can avoid this charge buy buying your Elantra at lease-end, but you may not want to do that for one reason or another...perhaps the $11,210 selling price is significantly more expensive than this car would be on the open market, or you're just sick of it, etc...
Heck at $99 per month, your payment is so cheap, you could lease something else and just let your Elantra sit there for the next couple of months, using it only sparingly.
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