First time car buyer. I have so many questions

Caroline007Caroline007 Member Posts: 1
edited January 2021 in Hyundai
How much should I negotiate for a 2021 Hyundai Sonata SEL
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  • kyfdxkyfdx Moderator Posts: 267,769
    Caroline007 said:

    How much should I negotiate for a 2021 Hyundai Sonata SEL

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  • LB02LB02 Member Posts: 13
    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.
  • kyfdxkyfdx Moderator Posts: 267,769
    LB02 said:

    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.

    I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

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  • LB02LB02 Member Posts: 13
    kyfdx said:

    LB02 said:

    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.

    I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.
    Thank you. What about $200?
  • kyfdxkyfdx Moderator Posts: 267,769
    LB02 said:

    kyfdx said:

    LB02 said:

    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.

    I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.
    Thank you. What about $200?
    Possibly. But, doubtful.

    Any $20,000 car is going to be $1200 just for sales tax.
    $600 for acquisition fee..
    $600 for DMV/dealer fee

    That's $67/mo, before you even start paying for depreciation/finance charges.

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  • LB02LB02 Member Posts: 13
    kyfdx said:

    LB02 said:

    kyfdx said:

    LB02 said:

    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.

    I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.
    Thank you. What about $200?
    Possibly. But, doubtful.

    Any $20,000 car is going to be $1200 just for sales tax.
    $600 for acquisition fee.
    $600 for DMV/dealer fee

    That's $67/mo before you even start paying for depreciation/finance charges.

    Gotcha. So a lease of a Ford escape S 2020 FWD for $259/month after tax and 0 down is a good deal?
  • LB02LB02 Member Posts: 13
    Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?
  • MichaellMichaell Moderator Posts: 264,913
    LB02 said:

    Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?

    That’s an incentive if you buy the car, not lease it.

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  • kyfdxkyfdx Moderator Posts: 267,769
    LB02 said:

    kyfdx said:

    LB02 said:

    kyfdx said:

    LB02 said:

    Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
    Thanks.

    I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.
    Thank you. What about $200?
    Possibly. But, doubtful.

    Any $20,000 car is going to be $1200 just for sales tax.
    $600 for acquisition fee.
    $600 for DMV/dealer fee

    That's $67/mo before you even start paying for depreciation/finance charges.

    Gotcha. So a lease of a Ford escape S 2020 FWD for $259/month after tax and 0 down is a good deal?
    I don't know without the details. Given the residuals, you could probably lease an SE for less money

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