Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Hyundai Santa Fe Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Car_man
Host
Prices Paid Forum
Thanks.
1. Ok This quote is for a Santa Fe Limited with the Ultimate package. 36 month lease with 2,500 due at signing.
2. The vehicle is available now.
3. MSRP 30,260.00
4. Your price is 29,000 less a total cap reducation of 3,738 (your discount + acc fee + rebate of 2,000) = 26,355.32
5. 29,000 +acc fee 595 - down 2500 = 27,095
6. Lease term 36 with 12,000
7. money factor = .00288
8. Residual = 48%
9. Monthly no tax 446.36
1. 2007 Hyundai Santa Fe Limited with Premium Package with beige interior 2. Vehicle is ready for delivery tonight before 9:00 p.m.
3. 27,860.00 - MSRP
4. 26500-2000 origination support + 595 acq fee + 498 administrative fee - down payment 2500 5. 36 months 12K miles per year (if you would like a longer term it is
available)
6. .00288 assuming a+ credit rating
7. 13,372.80
8. 397 dollars
How much should the selling price be on the following deal?
2007 Santa Fe GLS AUTO FWD with XM (bare bones GLS)
floor mats
MSRP 23110 including destination
Edmunds invoice 22224
Residual 59% (24 month/12K miles)
Money factor .00039
$500 down.
I believe there is $2000 in rebates from hyundai for leasing.
acc fee $495 and dealer fees of $250
tax rate is 7.5%
How much do you think I clould get the selling price down to? And what would the monthly payment be?
Thanks!
Does anyone know if there are any incentives / rates change for the month of July?
Is the .00288, 48% deal valid for Zero Down? Is the $1000 acq fee + admin fee a requirement?
Looks like the best deal out there would be:
Invoice - $1000 (reported market discount) - $2000 (customer cash)?
So... here is what he came back with...
2007 Santa Fe GLS (FWD, Auto, Floor mats)
24month\12K
MSRP: 23,110 (includes destination)
Edmunds invoice: 22,224
Residual: 59% (13,635)
Money Factor: .00039
Selling Price: 20450 (Includes acq fee and doc fee. I got this number from leaseguide.com after punching in the MSRP, down payment, residual, money factor, tax rate, lease term then played around to get the monthly payment to be 299 including tax.)
Down Payment: 450
Tax 7.5%
299 month including taxes. Also will pay first month of 299 so left with 23 payments of 299.
Do the numbers look correct? Was I correct in calculating the selling price the way I did?
Thanks
Mike
According to my calculations, if you were to lease a 2007 Hyundai Santa Fe GLS 2WD that has an MSRP of $23,110 and a selling price of $20,724 through Hyundai's captive finance company right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $319.
Good luck in your quest for a new Santa Fe and make sure to stop back and let us know how everything turns out. In fact, you can share your thoughts on the dealer that you end up buying from by looking up the dealer in the following section of Edmunds.com and writing a review of your sales experience: Edmunds.com Dealer Ratings & Reviews.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP-$24,610
Adjusted Cap Cost-$20,278.18
Residual-$9,351.80
MF- .00288
Out The Door- $825
Payment is $339.77 including the 7.75% tax
24 months
12,000 miles/yr
$400 Drive off (includes 1st mo. payment)
$330 per month (price includes 7.75% tax)
$400 Disposition Fee at lease termination if we elect to return the Santa Fe
The dealership is located in Anaheim, CA.
Thanks for your input!!!
This will be my first time leasing and I could use all the help I can get.
Where can I lease comparison shop?
MSRP Dealer Invoice
$27,945.00 $26,239.00
Destination Charge $670.00 $670.00
Optional Equipment $950.00 $865.00
SubTotal $29,565.00 $27,774.00
Hyundai Rebate $1,000
Hyundai Financing 3.9% 60 months or $1,000 Off
One dealer will double the rebate, but that is the extent of the discounting. Any thoughts?
I am new car shopping in Minnesota.
Two last questions, one dealer has a loaner model (exact car I am looking for)with 5,000 miles on it; any thoughts on how much they should discount it; also would you normally still get the rebates in addiiton to the discount?
Thanks for any assistance you can provide.
Can you please post the 2009 Santa Fe Limited Lease Numbers for a 36 month, 15kmi/yr lease,
Thanks - Dan
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You need both the MSRP and the selling price of the vehicle that you want in order to come up with a payment.
Hyundai is not currently providing any lease support on the Santa Fe. You might still be able to lease one through Hyundai Finance, but you would have to use its standard lease program...which in all likelihood is not that great. If you really want to lease, you probably would be better off going with a different model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Actually it turns out that Hyundai is not currently providing any lease support on either then 2010 or the 2011 Santa Fe.
If you really want one, you will have to finance it through an independent bank and take advantage of the $1,000 customer cash that is available on them.
or
Finance a 2010 model through Hyundai Finance at 0% for 4 years, 0.9% for 5 years, or 2.9% for 6 years.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you.
I'm still trying to find a new SUV for the wife. One that she wants, at the price she wants
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can you please let me know what the residual and money factor is on the Sante Fe GLS V6 with AWD for a 36 month lease and 12k miles per year?
Thanks
Hyundai Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Santa Fe GLS V6 AWD with 12,000 miles per year are .00150 and 59%, respectively for consumers who qualify for its top credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for your response, it's greatly appreciated.
Do you mind double checking you numbers on this as I was at a dealer yesterday before I saw your reply and they told me that the factors for a 2011 Santa Fe GLS V6 AWD with 12,000 miles per year was .00154 and 57%, not the .00150 and 59% that you said.
Assuming that your numbers are correct, is it possible that the dealer didn't have the updated rates and was using the May rates since I don't believe that they can change the residual percent set by the leasing company.
Also, are Hyundai dealers known to mark up the money factor?
Thanks again for your help.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks again for getting back to me.
I am new here and was planning to lease 2011 Santa Fe SE AWD. Would you know what the money factor and residual is in NJ. Also I would be putting some negitive equity into the lease, how will every 1000 increase my payment by? And also is there any tax savings trading in a car I still owe money on?
Thank you Car Man
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I don't think that there is any tax advantage to trading in a vehicle that you are upside down on.
I would be happy to work up a payment on this truck for you, taking the negative equity into account, if you provide me with its full MSRP and approximate selling price, or at least its MSRP and dealer invoice price. You can find this data over in the New Vehicle Pricing section of Edmunds.com.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm looking to lease a 2011 Santa Fe Limited. The rates and residuals I've seen expire today (July 5). Does anyone know what they'll be for the rest of the month?
Thanks in advance!
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it through Hyundai Finance.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have the July money factor and residual for Limited AWD 3 years 36k?
Does the 1500 incentive apply to the limited as well? Any other incentives out there?
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Yes, the $1,500 cash incentive is available on leases of Limited models as well.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
1- anyone know when the 2012 Santa Fe is going to available- and is it worth waiting for?
2- what is Money Factor for leasing a 2011 Santa Fe GLS- with Leather
3- what is a good lease price? I am being offered: $1700 down, 390/month 36 mos/12k per yr. MF is .00165 and 52%
This doesnt sound good- any help is appreciated.
Hyundai Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Santa Fe GLS 4-cylinder AWD with 12,000 miles per year are .00125 and 52%, respectively for consumers who qualify for its top credit tier.
I'd be happy to evaluate this lease for you, but it would be much easier for me to do so if you were able to provide me with this vehicle's MSRP and selling price first. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these two numbers it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum