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Hyundai Sonata Lease Questions
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Comments
MSRP $30,315
36 Months
15,000 Miles a year
1st payment down only
$371.50 per month including tax (7%)
I also got 5 year/60,000 free maintenance AND i had them put on the 18" Hyper Silver wheels as new Sonata Limited 2.0T are now shipping with the 17" wheels from the factory.
My build date was May 6th, 2011. Had to go to three dealerships that had the color I wanted toi get this deal.
Good luck to all!
2011 Hyundai Sonata SE Turbo 2.0T WITH NAVIGATION AND SUNROOF
2,000 down TOTAL (include all taxes and fees)
269 per month for 36 months
2,000 + 1 months (269)= 2269 + 60 transferal of license plate... that brings me to around 2,300 for a 2011 Hyundai Sonata 2.0T!!! MSRP is a little over 27,500
I personally think this is a great deal but like I said, I don't have any experience in these kind of things so please let me get some feedback. I want to get this car tomorrow morning but I am hesitant because I really would like some input from those with experience.
269 a month for 35 months with 2,300 down TOTAL for a 2011 Hyundai Sonata 2.0T .. good deal. bad deal? Tell me what you think please!!!!!!
I got 1500 off my MSRP.
also is the 269 include taxes?
How many miles a year? for that price you should get 15K
Does the car have leather?
I just got a limited without nav for zero down and 321 a month without taxes (adds about 20 bucks)
Hyundai is currently providing a small $250 cash incentive on leases of the '11 Sonata.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
the taxes are all covered in the 2260 TOTAL down payment, so im guessing the 269 a month doesnt include the taxes since it was already covered in my down payment .. it is 12k a year, and the interior is half leather, half cloth.. so what u think abt this deal ?
This was a show car for the dealer and the it has 87 miles on it already. It had "The dealers Name" decals on the doors and windows ...Obviously I'm gonna have them remove it.
I am looking to lease it, What kind of deal should I expect?
0 Down Payment
MSRP -@26995
15k Miles
I am hoping to negotiate a
Purchase Price of 25,000, expecting monthly payment of: $300.00
Residual Value = .00056
Money Factor = 56%
Are my RV & MF correct? Thank you in advance, this forum has been extremely insightful.
This is a good lease. Your POM comes to 0.42, which is directly between the 0.40 (great lease) and 0.44 (good lease). I would be happy with your negotiation and pricing. It could not hurt to say you will sign the paperwork at $260/mo to give some better cushion, but overall I would say you are getting a good deal for your money.
Look back a few pages to really see the POM calculation in depth and see what others are coming out at.
The lower the value the further your money goes in the lease, the minimum acceptable is generally 0.44. Seeing as how yours comes to 0.42 ([mo payment*months+out of pocket]/MSRP) I would gauge this as more than acceptable.
My experience with leases is the past 4 vehicles. And the POM calculation is something that I do not feel I have personally created, but many have given me credit for.
I hope this helps, and welcome to the world of Sonata Turbo, time to start modding, I have already put in HID Sims, YF emblems, and remapped my engine/turbo, enjoy it!
$2K down
412 a month including taxes
for 12K miles a year
This is for a Sonata Turbo Limited around $28.5K MSRP.
NJ is 7% sales tax. Anybody get a great deal at a southern NJ dealer?
originally it was 2,000 TOTAL down (include ALL taxes and fees) 269 a month 12k miles
brought it down to 2,000 TOTAL down (include ALL taxes and fees) 260 a month 15k miles
I actually talked it down to 255 a month !
But then I went for 15 k per year instead of 12k per year for only 5 dollars more per month bringing it to 260 a month with 2000 down but with 15 k per year!!!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just picked up a 2011 GLS popular package 2.
MF 0.00015
2000 total down
246.52 monthly including taxes of
55.7% residual
$20986.55 gross cap
$20107.89 net cap.
Not sure what the MSRP is.
Does this look OK?
Need your MSRP to run a calculation but it seems like you will be in the 0.47-0.51 range. Not horrible, but certainly not a good lease. You want to shoot to be in the 0.40-0.44 range. Look back a few pages to see the calculation (Power of Money-how much you get for your money)
((Mo payment*months)+all out of pocket costs)/MSRP
-be sure to include all taxes, fees, docs, tags, etc... in your out of pocket costs to get an accurate number
-a lot will depend on your credit tier ($20-60/mo swing)
I have gone to 5 different dealers and this was the best one. It seams that dealers in Los Angeles area are less willing to discount cars from msrp resulting in higher pom value. My credit is excellent at 830. Interest was very low at .36% and according to truecar.com, price we paid at $20980 was in the "great price" range. Unless dealer lowered the msrp further there was nothing that could be done. I think the dealers in Los Angeles are moving too many cars and are sticking to their prices. Also our tax at 9.75 is not helping either.
My lease:
Sonata Turbo SE 2.0T with a few extras
Monthly Payment: $288.50
-this payment includes all tax, title, doc, tags, etc... rolled in
Down Payment: $0
MSRP: $25,570
Miles: $15,000/yr
Extra coverage: Rim and Tire 100% covered full term of lease $0 deductible (if I get a flat or screw up the tire/rim it is fixed free of charge)
$288.50*36=$10,386
$10,386/$25,570=0.4061
I hear you on the tax situation. Here in MA it is only 7% but we also have an excise tax on our vehicles (only state in the US) that is based on where you garage your vehicle. Of course since I live in Boston it is very high (almost another $500 on top).
Take the tax out of the equation as the dealer cannot do anything there and work based on car numbers and throw some numbers at him "pre-tax".
Hope that helps.
I live in Florida - Called a few places, and after some test drives I believe I got a good deal. With an Experian score of 689, and having financed at least one car in my history, I got :
Dealer Sticker :$ 29,455
Gross Cap Cost :$ 25,842
Adjusted Cap Cost :$ 24,229
Due at signing :$ 2,259 (includes 1st months' payment, Registration, Tax, and Tag)
Monthly Payment :$ 242.78
This is my first lease, 36mo. @ 12,000/year
2011 Hyundai Sonata Limited Turbo - Harbor Grey with Black Leather Int (No Nav) Drive is fantastic..
Let me know if you are interested in the dealer info.
Also, anyone know the 2012 Accent residual/MF? I've heard 62% for 12k miles or 61% for 15k miles and MF of .00107. Can anyone confirm?
Thanks again,
I had been arguing over the residual percentage being wrong. Can you please reconfirm the residual stuff?? My deal was completed on June 23rd. The rate sheet showed the rates for June 23rd -July 5th. Is it possible they dropped it???
Thank you. Your help is appreciated.
#846 of 846 Residual 2011 limited 2.0t by chiropaul
Jun 26, 2011 (2:44 pm)
Car_man. I saw that you listed the residual for the 2011 sonata limited turbo as 56% for a 15/yr lease. And money factor of 0.00056. The MF is correct but the dealer showed me the rate sheet on the sonata and it showed the default lease of 12k/yr was at 56% residual. At the bottom of the sheet it said *15k leases deduct 1% from 12k residual*
I had been arguing over the residual percentage being wrong. Can you please reconfirm the residual stuff?? My deal was completed on June 23rd. The rate sheet showed the rates for June 23rd -July 5th. Is it possible they dropped it???
Thank you. Your help is appreciated.
The numbers for an otherwise identical lease of a '12 Accent GLS are .00107 and 61%, as you were told.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
$26,775*0.44=$11,781
$11,781-$2,000 down=$9781
$9781/36=$271.69
This number is with all taxes/fees/documents/tags/registration/etc.... rolled in. You should be at that number or below it to consider it a good deal.
Also remember there are a good many factors that can affect this price, credit being the biggest one. Tier 1 credit vs. Tier 3 credit is between a $30-50/mo swing.
Take a look back a few pages and see the money factor formula more closely and what others have been paying.
My MSRP is around $25570 and I put down $0 and had all fees rolled in to come out at $288.50/mo.
Good luck and let us know how it works out.
What are the July MF and residual for the 2012 Sonata SE 2.4 and the 2012 Sonata Limited 2.4 with 15,000 miles for 36 months?
Thank you
When negotiating your deal on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it through Hyundai Finance.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2012 Sonata Limited 2.4 are .00120 and 54%.
When negotiating your deal on this car, make sure to take advantage of the $500 cash incentive that is currently available on leases of it through Hyundai Finance.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Do you know what the MF and residual is for 15k miles/yr for 36 months?
With my high credit score, I shouldn't have any problems qualifying for the highest credit tier so please quote those numbers.
Also, can you elaborate on that $1500 cash incentive. How do I qualify for that?
Is the sale price reduced by $1500?
How can I use this incentive to my advantage when I speak to the salesman in order to work out a better deal?
Thanks so much for your help.
That is a big drop in MF and residual from last month when it was 55% and 0.00056. It seems strange that Hyundai would make this lease so much less attractive when they're trying to get rid of the 2011s to make room for the 2012s.
Can you please double check the MF and residual you quoted me. Again, I'm just interested in 15k miles/yr and Tier 1 credit numbers.