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Hyundai Santa Fe Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Looking at a 2012 Hyundai Santa Fe GLS FWD 4 cyl. MSRP 24,600 they said they'd sell to me at 22,600 (after $400 college graduate discount). They told me it is 750 below invoice.
Trying to decide whether or not to look at a lease for this car to keep payments low, but not sure if that's smart when we will keep this car for a long time (e.g. 8-10 yrs). They also have a 2011 AWD 4 cyl for 23,400 that has 4,500 miles on it.
Are leases currently on the 2012's good enough that it makes sense to lease and BUY at the end of the lease? How do I calculate the lease payment?
With the used market being so strong, it has me looking at new vs getting 2010 GLS 4cyl AWD in the $17k range. It's wearing me out! ;^)
Thanks for any insight you can provide. Oh, I have great credit and can put $1000 toward somehting and want to keep a payment around $300 - $350.
We'll see this week what I can get as a final cash price from any of the 4 dealers in the area. If I have the patience...I am burned out looking.
MSRP: 27,650
Selling price: 23,500
36 mo 12k Lease money factor: .00115
Residual: 55%
Loan Int rate: 3.9% 60 mos
If I am going to keep this car "forever" (10 yrs+) and I need to keep my payment as low as possible right now, is it silly to lease then buy at the end of the lease a these numbers?
Thanks!
$3000 cash down with ($1000 in rebates -Loyalty and dealer coupon) $4000 Total
Gross Capitalized cost $25148
Capitalized cost reduction $2619
Adjusted capitalized cost $23123.65
Residual value $15999.10
rent charge$1999.66
total of base monthly payments $9124.20
lease payments 36
12.000 miles
I added the basic care that it will take care of scratches , tires and other things for $860
Total monthly payments $270 (taxes included)
Is this a good deal? I don't know what to think..its my first lease and I was so tired yesterday and I really need a car. I need to go to the dealer to get the carpets and set up the bluelink but I'm waiting for a lease savy to help me out if this is something good of a deal.
Thank you guys....
Santa Fe Sport 2.0T AWD
Lease term(mo): 36
Miles: 12,000
MSRP: $32,925
Money Factor: .00157 (3.768%)
Residual Value: 62% ($20,413.50)
Only thing left to do is get the price down to 30,000 or less
MSRP: $34225
Offer: $32300
Incentive: $500, so net selling price is $$31800
Lease term: 36 months
Miles: 12000/yr
Money factor: 0.0048
Residual: 62%
Monthly lease payment: $360.51 (does not include tax)
The car is coming in first week of Nov, and the dealer doesn't think the rates will change since Hyundai does their rates on a quarterly basis. Thanks.
The 15K miles/yr also reduced the residual to 60% at the end of 36 months.
ok, the special requires a down payment of $2999 which includes 1st months payment and $2730 cap cost reduction. i don't think i can beat it even with the low selling price
Indeed I have found your posts really useful. Can you help with MF and Residuals for the 2013 Hyundai Santa Fe Sports? Is there any difference between the 2.4 vs 2.0T. term is 36 mths and mileage is 15k mi/year. Thanks in advance.
There is a $500 cash incentive on leases of this truck right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP: $32,220.00
Residual: .61
Miles: 12,000/per year
With $2K Down: $396.13/per month
With $5K Down: $306.13/per month
Please advise if this is a fair price or do you have suggestions on how we can land a better per month price?
Thank you,
not sure where u located. i picked my SF 2.0T FWD today will full tech pkg 06 options with MSRP 34,250. Also got a tow hitch thrown in as well.
The lease I managed to negotiate for 36 mths 15k mi/year, with $750 Hyundai loyalty rebate and $500 Hyundai rebate, was:
Down $0, including first month
Monthly $382 and some change (before tax) for 35 more months.
This is the first time I really took the time to do my homework using all the valuable info shared by kind knowledgeable people like Car Man and also taking the time to shop 4-5 dealerships. it really pays off. Hope this helps.
new Santa Fe Sport.
I would've signed a deal today if the dealer near me made that offer.
thanks very much for your input.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Santa Fe 2.0T FWD with 12,000 miles per year are .00148 and 64% for consumers who qualify for its top credit tier.
There's a $500 cash incentive on leases of this vehicle right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
It's a 36 month lease/12,000 annual miles.
2013 Santa Fe 2.4L FWD, Black w/ Dark Gray Leather interior.
Popular Equipment Package and Premium & Leather Package.($3,000 value)
Free Oil Changes for life of Lease(and an additional 2 years after lease if I decide to buy)
The lease on Hyundai's website is for $269/mo and its just the base model and that's with $3,000 down and doesn't include taxes, fees, etc.
Here is the price I got per month and this INCLUDES all fees, taxes, etc.
$308/mo. This includes $3,000 down($2,600 trade in + $400 cash)
So what do you guys think?
One thing I can tell you is that you would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease. I always advice consumers to put as little money down as possible when leasing because if your vehicle is totaled in an accident or stolen and never recovered then your down payment might just disappear.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Purchase price would be $27,700
I will have to look into the no down payment thing. I actually think I would get about $1,000 more out of the car that I'm trading it in if I sold it myself.
After seeing the Purchase price what do you think about the $308/mo?
Also, they told me now that I could jst put $2,600 down and then make my first monthly payment of $308. Before it was $3,000 down plus initial monthly payment.
Just make sure that the dealer is using Hyundai Finance's buy rate lease money factor of .00148 9top credit tier) to calculate your lease payment and you're in business.
Ok yeah, and pay as little money at lease signing as possible.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Any ideas if the $500 cash incentive still applies for leases?
Yes there is still a $500 cash incentive on leases of this vehicle.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am trying to determine the right lease payment for a 2013 Hyundai Sante Fe 2.0T with AWD (MSRP 32745, negotiated price 31745).
I would like to lease with minimum miles (12k) over 36 month term.
How do I make sure that the dealer calculates any down payment and lease appropriately? I understand what capitalized cost, money factor, and residual value are, but I'm not sure how to put everything together, especially in light of acquisition fees, taxes, and so on.
Any guidance would be appreciated.
Using these numbers, an MSRP of $32,745 and a selling price of $31,745 (though given the $500 lease cash that's available on this model, this isn't enough of a discount for my taste), I estimate that this truck's zero down, pre-tax monthly payment would be around $404.
If I was in the market for this model, I personally would shoot for at least another $500 off. That would lower the pre-tax payment to around $389.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you provide some data on the (new) Santa Fe, non-sport: GLS and Limited AWD. Looking for the basics: MF, residual for 36 months and 12K miles. Also curious what, if any, incentives are out there for this truck (I can't seem to find any information).
Thanks!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for you earlier replies. I have a couple of follow-up questions that I hope you can help me out with:
1. As the year goes by, I assume that residual of the cars will be lower as we get close to the model year end. Do manufacturers counter the residual drop with lower MF to keep the payments on leases similar, or are you better of leasing early on? I'm hoping to lease by the end of the month, but I wanted to know what to expect if I decided to wait out to check the LWB version of the Santa Fe.
2. Earlier this month you posted the following info on residual and MF: "2013 Santa Fe 2.0T AWD with 12,000 miles per year are .00114 and 59% for consumers who qualify for its top credit tier". I originally was going to go with AWD, but realized that I probably don't REALLY need it for my area. Can you let me know what the residual and MF is for for the 2.0T FWD with 12k and 15k miles.
3. Do you know what are HMF current acquisition and disposition fees? Want to make sure I've got all of the fees covered
4. I don't see a $500 lease cash bonus on hyundaiusa site. Is this promotion still on?
Thanks again for all your help.
2013 SF 2.0T Sport, Tech Pack/Premium Pack
MSRP $34,310 (do not know the selling price yet)
$1500 due at signing (includes first month)
$379/mo (tax-in).
I can probably get the dealer down to $369/mo., but want to use a slow February/end of month leverage to see if I can get away with $1000 down, $369.00 month.
Thanks,
I was interested in leasing the 2013 Sante Fe 2.0T FWD w/ Tech package, but I couldn't find a color combination that I liked in my area. My dealer pointed me to a AWD model which had my top color choice combination (Mineral Gray / Black interior), so I decided to take that and pay up for the AWD. Here are the details of the lease:
Vehicle: 2013 Sante Fe Sport 2.0T AWD with Tech Package
Miles: 12k/year
MSRP: $35,900
Invoice: $34,067
Purchase Price: $32,765.35 (Hyundai Circle Plan A through Hyundai Think Tank)
Discounts:$750 Loyalty, $500 Lease Cash, $500 Motozuma matching
Down payment:$500 (Needed it to get the Motozuma deal)
Residual: 59% or $21,181 (Couldn't confirm with car_man)
Money Factor: .00114 (Couldn't confirm with car_man)
Dealer Fee: $200 (Maryland)
Acquisition Fee: $595
Taxes in VA = 3% (They tax leases on full price )
Monthly $370.16 includes tax
At signing: $370.16 + $500 Down + $118.5 Title and Tags (VA) = $988.66
Car_man had posted that residual and money factor early Feb, so assuming they were correct, the numbers checked out. First time leasing, so I hope I didn't make a mistake somewhere.
Can you help me out? I'm looking to lease a 2013 Santa Fe sport 2.0T awd
With the tech and leather package.
Terms 36 month/15,000 miles a yr
Msrp $35,645
Invoice $33,965
Purchase price $32,665
Money down would be $500 plus first month payment
Ny state taxes 8.875
Can you give me an idea of what I should expect to be paying a month on a lease with these terms and taxes rolled in to the payments. Thank you!
Here's the deal I was offered:
2013 Santa Fe Sport 2.0T AWD Leather and Premium Package
Mud guards
Wheel locks
Carpeted cargo mat
Cargo cover screen
MSRP 33255
Term = 36mo
Miles = 12,000/yr
Sales price = 29,500 (includes 500 lease rebate)
MF = .00114
Residual = 59% (19620.45)
Down payment = 1000
DMV - 277.50
Doc fee = 75
Acq Fee = 595
Long Island tax = 8.625%
Monthly payment 377.19
I feel like there's something wrong w/ the math I'm being given. Can you please advise
Thanks!
Eugene
I am looking to lease a 2013 Santa Fe 2.0T, AWD with Leather and Tech package with no money down (except standard lease closing costs) in CT. Our state sales tax rate is 6.35%.
MSRP= $34,800
Destination. 845
Total. $35,645
12,000 miles/year
CT sales tax 6.35%
36 months
$0 down payment (except for out of pocket fees - registration, lease acquisition, etc)
Looking to close before March 30.
Thanks,
Ken
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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I believe that the $500 cash incentive is available on leases of all 3012 Santa Fe models. You're right, given the fact that the Santa Fe is brand new you may not be able to find any great deals on it for a couple of months. Don't worry though, they will eventually come. The halo effect of a new model doesn't last very long in the super competitive U.S. auto market.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
They said:
Term: 36 months
Miles: 36,000 miles
Money Factor: .00130
Residual: 57%
Lease cash available: $500
Other Santa Fes seem too have higher residuals and lower MFs... thanks if you know anything.
The invoice is for this car is $33,662 and the Edmunds true market value is $33,129.