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Hyundai Sonata Lease Questions
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This is my first time in the forum and found it very instructive .I have never leased any car. I want a SE with Nav.The dealer offered me today a discount because of the Costco membership.From MSRP $26065 to the invoice price $24934.I asked for 0 down payment.
MF: 0.00050
Depr: 57%
12000 miles/year,36 month
Bank fee (capped):$695 ??????
Dealer fee(capped) $599
Adjusted cap cost $26228
Monthly payment:$336.4 + Tax(7% Florida)=$359.95
Amount due at start :$556 (359(First month)+$123(tag fee)+$66.5(Florida Fee))
I have read that some people have get this car for $23700.Besides that, can i get some discounts in the Fees?And the MF and Dep are correct for this month?Is so difficult to get it for $23700? The White Pearl need $200 extra payment?
I know there are a lot of questions but i wanted to share my experience and the data.
Thanks to everybody.
SE and Limited are 5x on the money factor? wow. I mean they are quite low, but still...
Also surprising that the limited residualizes a little better.
I want to sign a lease in August for the featured Sonata lease of $199/mo.
.Given the low money factor I read (is it really $.0005 or less than 1 percent interest?) I don't think there's much room to negotiate terms with the dealer on the cost of the vehicle, correct?
. However, has anyone negotiated no extra charge for 15K miles/year?
. In CA, are the T, T & L fees equal to the full charge of buying the car, and if so, then rolled into the entire capitalized cost? If so, wouldn't this add another $80/mo. or so onto the quoted $199.99/month cost?
Now mind you my credit is awesome..
They wanted 4K total upfront...
325month...
I was like they right...
So $0 down ... went to 410 mth... with 1500 for Tax Title....
they would not even give me what the factor was... So for all I know my APR was like 12%.. I promise you my Credit is great..
I just got up and walked out...
paying 225.18 a month total, walked out paying 1077(first month+sales tax+plate transfer+registration) for 12k a year for 36 months
basic se package with auto tranny
Basically I want to get the Hyundai sonata 1. too save money 2. to get a new car
Dealing with point 1 I want to save money by switching to this car. I believe gas will cost 100 and insurance is 70 more so I am hoping to spend less than 250 per month for a 36 month lease. The thing is I have no extra money to put down on this car. I want to find out if this is pausable because the dealer I went to said it isnt but they are in the buisness of making money so I wanted a second opionion
atlantic hyundai on long island, google it.
The joke was the price I got quoted. $ 2500.00 down and $299.00 a month for 39 months. I did better with the 2011 Buick Regal. That had a sticker of 27,000.
I will shop around, I believe I can get a good deal from a dealer in Savannah.
Can someone please post the latest lease rates for the 2011 Huyndai Sonata?
24 month / 12k per year
36 month / 12k per year
Thank you...
Thanks for any assistance...
J
24984.00 Negotiated price
699 dealer fee
595 bank fee
LEV : 56 % MF:0.00050
With $0 down : $369.00
Again,i think we can negotiate the price to 23700 and reduce the fees,at least the bank fee.I havent do it because i want to sell my car first, i dont like the trade in.Note:these is in Fl.
Trade and down Payment combined=2495
Monthly payment, including RI sales tax (7%)=199/mo.
considering the figures on the National deal, which was 2499 down, base GLS, not including sales tax and a payment of 199/mo., I think I did ok.
Thanks.
This is in relation specificlally to the 2011 Sonata Limited w/NAV
Please help!!!
Does this seem high?
The dealer told me the car is priced at 21160 with 57% residual, and a money factor of 0.0001 as per forum makes it look like they want a 900 fee for acquisition / title etc.
I'm a first time buyer, so any help is appreciated. I'm driving a rental car right now so every day is money.
I've checked with two dealers and both of them are on the same price. Mud-flaps, locknuts, floor mats are included.
looks decent to me. remember there is a $400 end of lease fee (if comparing to something other than hyandai).
and does that price include gap coverage?
did you check any of the Zagg.com partners for pricing?
I bought one like that at the end of Aug.
Gap insurance is covered in the bank acquisition fee, so the dealers told me.
I haven't checked zagg.com - will do so now. Thanks for all the inputs.
Hope your car is doing well.. which color did you go for?
that toyota 350 must be new. I don't remember it on my '05 highlander
Finally i got a SE with Nav at $329.00 ,$0 Down,with $600.00 initial payment which included the first month,license and FL fee.
Thanks
Does the monthly payment of $329 include taxes?
MF= .0005
Depr= 57%
Buy-out= $12,658? (57% of selling price?)
Adj Cap Cost= $22,208
End of Lease Fee= $400
They rolled all other fees including registration and tag into the $300 payment.
The numbers for an otherwise identical lease of a '11 Sonata SE are .00050 and 55%.
Car_man
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You might be able to get a stripped Sonata for only a little more than what you were looking to pay. Hyundai is currently advertising a lease on a 2011 Sonata GLS with automatic transmission for only $199 per month for 36 months with $2,200 down. This car's monthly payment will obviously end up being higher after you eliminate the down payment and add sales tax and the acquisition fee into the equation, but on the plus side savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than the ones that automakers use in their official advertised payments.
You shouldn't have much trouble getting an '11 Sonata for less than $300 per month, though you might have to pay a little more than the $250 that you were shooting for.
Car_man
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Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata GLS with 12,000 miles per year are .00010 and 56%, respectively.
I don't believe that Hyundai is currently offering 24 month leases on this model.
Car_man
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Car_man
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Car_man
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Car_man
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If I had two payments remaining on my lease, I personally wouldn't waste them to get into something new right now...but again its sort of a roll of the dice.
Car_man
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Thanks in advance!!
what is the best deal to lease a sonata se
Did the MF and residual change for October on a 2011 Hyundai Sonata Limited? It was .00050 and 56% for September on a 36 month lease with 15k miles per year, if I recall correctly.
Also, any new cash incentives other than the $500 loyalty rebate for this month?
Thanks a bunch!
27442 SE MF 0.00068 Residual 58%
27472/27482 Limited MF 0.00068 Residual 57%
Only the $500 Hyundai Loyalty Rebate is available for the Sonata.
These programs are good until January 3rd.
Car_man
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The loyalty money is still the only cash incentive on this model.
Car_man
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