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Hyundai Sonata Lease Questions
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Comments
so she got a 2012 or a 2013 (they are very similar)?
are you sure it was a Hyundai Finance lease?
Your rationale on the down payment is incorrect. If she has an accident tomorrow (gf) and the car is totaled, any down payment is lost. That's the main reason you don't EVER put down a large payment on a lease.
Deal is done so go enjoy the new car!
48x 364 i have a few add ons like insurance products, tax, tags etc
thank you
MSRP
Capitalised cost
Cap cost reduction
Net Cap cost
MF or Lease/Rent Charge
tax % at your garaging location
msrp=26322.00
cap cost reduction=2189.50
lease/rent charge=364.36x48 months
taxes=379.16
First, the 2013's are already out
2. Yes, you grossly overpaid
3. I don't think you can load up a GLS to 26k
4. Need residual % or value to compute exact numbers
5. what insurance products do you need on a lease?
6. was this a hyundai finance lease?
FWIW, why post AFTER you made a bad deal?
service contract, tire an wheel protection, ding dents wear and tear, simonize are all included in the price totaling like around 3000 for the 48 months
total for vehicle is 23800
thank you
I live in the 33322 area. Do you know about what I should pay? Or, what is the money factor and residual value?
thank you.
There is a $1,500 cash incentive on leases of this car right now. Make sure to take it into account during your negotiations.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Carman,
Need lease data on a 2013 Sonata GLS, 36 months, 12k per year:
money factor, residual, cash incentives...
similar to post 1082
Can you provide lease data on a 2012 and 2013 Sonata SE TURBO, 36 months, 12k per year:
money factor, residual, cash incentives...
Thanks.
I'm looking at a white/tan 2013 Limited with the tech package because we want the panoramic roof & back-up camera.
The sticker is 30050 and I'm being given a sale price of $27.250 which sounded good to me but I didn't sign anything yet. Where in Pa are you and what dealer did you get this deal from. I'd like to use this data to get a better price. Thanks
I would probably get on from them too
There is a $1,500 cash incentive on leases of this car right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2012 model are .00130 and 60%.
There is a $1,500 cash incentive on leases of both cars.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
lease details (copied from Hyndai:)
"Offer shown based on $2,299 due at lease signing (includes $199 first payment and $2,100 capitalized cost reduction). No security deposit required. MSRP $21,570 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $18,235.67. Net capitalized cost includes $595 acquisition fee'"
What do I need to know? What is the lease rate faction and residual value percentage? How best to approach dealers? Should i wait until the last days of the month?
I need to keep my lease payment at $220 or so. Thanks for any help you can offer.
Sorry for so many questions, but I need to make the most imnformed decision I can.
Anyway, I was hoping to get your opinions on a lease I was offered:
2012 Sonata 2.0 Limited w/o navi
MSRP: $29,465
Sale Price: $25,965
Down: $2,000
39 month lease at $364 per month
- 12k miles a year (I don't use that much)
- They would take care of my remaining 2 payments on an expiring Nissan Rogue SL (2x 359)
I think it's a pretty good offer going by what I have read on here. Not too sure about the high down payment though. What do you guys think?
Thanks!!!
Would you happen to have the lease numbers on the 2012-2013 Sonata SE Turbo/w nav with 12k miles per year?
Additionally, is the $1,500 cash incentive still active on these cars for the month of July?
Thanks for all you do!
Hyundai Finance's July buy rate lease money factor and residual value for a 36-month lease of a 2013 Sonata SE Turbo with 12,000 miles per year are .00186 and 65%, respectively for consumers who qualify for its top credit tier.
The numbers on a lease of an otherwise identical 2012 model are .00115 and 59%.
There's $1,500 cash on leases of the 2013 model and $1,800 on the 2012 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Looking at the 6% depreciation difference on the 12/13 SE Turbo, I'm wondering if I should wait for the 2013 Hybrid. Thanks in advance!
Hyundai Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Sonata Hybrid with 15,000 miles per year are .00122 and 56%, respectively for consumers who qualify for its top credit tier.
There is a $1,500 cash incentive on leases of this car.
It's difficult to say what the lease program will be like on the '13 Hybrid, but I suspect that it will initially be at least a little more expensive to lease than the '12 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
- 2013 Hyundai Limited 2.0T 12,000 miles, 36 months
- 2012 Hyundai Limited 2.4 12,000 miles, 36 months
Also is it safe to assume to August lease deals will run into Labor Day?
Thanks
The numbers for an otherwise identical lease of a 2012 Sonata Limited Turbo .00120 and 56%.
There is a $1,800 cash incentive on leases of the 2012 and $1,500 on the 2013 Sonata.
Hyundai's current incentives program is actually scheduled to run through October. Of course it reserves the right to change it whenever it wants.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you tell me which is for the 2.4 and which is for the 2.0T
Thanks
The numbers for a lease of a 2012 Sonata Limited Non-Turbo are .00113 and 56%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Do you know the figures for 2013 limited 2.4 (non turbo).
thanks again.
your help made it possible to get a good deal on my mazda 3 yrs ago.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
CAP COST. 23,380 RESIDUAL OF 60 PERCENT 12K MILES MONTHLY PAYMENT 254.97 AND 0 DOWN JUST TAX FEES AND FIRST MONTH PAYMENT 1531.89. are this numbers good pls i need help
no caps, pls. need some more info to evaluate deal
msrp, purchase price, money factor, tax rate, doc fee
Never, ever put down more than $500 out-the-door on a lease; too risky
http://www.leaseguide.com/calc.htm
Can you please tell me what the September money factor and residual are for a 2013 Sonata Limited Turbo with 12k/yr. on a 36 mo lease in zip 08003? Thank you for the help!
$1260 in fees is ridiculous, even for NY. max doc fee is $75 and i believe they only tax the monthly payment. So, what are the other "fees" you are paying? I suspect they are having you pay the 595 acquisition upfront which is stupid. max o-t-d should be 500 or less. If you don't understand the reasons behind that statement then you need to do some more research before you lease...
Also 4900 discount from MSRP is not possible on that car. If by chance your numbers are correct then that deal 1500 down + 35*240 is a good deal. Remember too that Hyundai charges 400 at the end of the lease (disposition fee)
Numbers are NOT correct. Using http://www.leaseguide.com/calc.htm I come up with 245 per month (225 + 20 tax = 245) . Out the door cost should be the sum of the fees you quote (240 + 595 + 75 + 297 (very High) = 1207 [not 1500])
Note: The money factor of 0.00186 equates to 4.46% finance charge which is not good but may be what they offer right now.
ps. are u saying that the 297 for the dmv fees are too high for new plates and registration? this is my first lease so sorry if i am asking too many questions. thanks in advance
Best way to get your payment down is to get a very favorable residual and the best possible purchase price; the two biggest factors in a lease rate assuming your credit is good.
I live in Florida so I can't comment on the DMV fees. Here it's like $400.00 for a new plate!
Any help/direction much appreciated!
PS. I meant to mention that I'm on Long Island, NY
2013 Sonata GLS with Popular Package:
MSRP $22,835 ($20,895 + $825 package + $340 for floormats, cargo net, etc +775 freight/delivery)
Negotiated price of $19,300
Total lease amount of $20,581 ($19,300 + $199 service fee + $595 bank fee + 248.60 first months payment + $238.40 DMV fees)
Buyout of $13,929
35 more payments of $248.60
Money factor of 3.6%
5.1% sales tax
Sign and drive. I'm a happy guy, I think I got a good deal.
The popular package is a freakin bargain for $825 (Fog logs, auto headlights, heated seats, alloy wheels, power drivers seat)
I'm in NY, so I'm curious what dealer did you get your deal from?
Do the numbers change if it's for a 12,000 or 10,000 mile per year lease?
I'm in Milwaukee.
The lease numbers do change in a 3/36 vs 3/30 due to the fact that the 3/36 will have more depreciation.
Mine was a 3/36
MSRP - $28370
Residual - $13900
SIgn and Drive
$256 a month 4yr/48k - they wanted $30-40 more per month for a 36 month lease.
This seems like a good deal but I am not sure