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Can you please tell me what Hyundai Finance's December 2011 lease money factor and residual values are for a 36-month lease on a 2012 Elantra Limited (No technology Package) with 10,000/12,000 miles per year are? Do they also show 48 month lease numbers?? Also, do you know of any special dealer lease incentives for December 2011?
Thanks in advance!!
Lenny
Hyundai Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra Limited with 12,000 miles per year are .00133 and 62%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 48-month lease are .00140 and 54%.
I'm not sure if Hyundai Finance offers leases with only 10,000 miles per year, but if it does its residual values for that allowance are likely 1% higher than its 12k resids.
I don't believe that Hyundai is currently providing any special cash incentives on leases of this car.
Car_man
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I have not seen any incentives or rebates posted for Hyundai in January, on the main site. What are the lease details for a 2012 Elantra Limited for 36 months @ 15,000 miles/year?
Money Factor:
Residual:
Any incentives:
Thanks for your help. I will be turning in my old lease in Feb. and want to get started working the numbers.
Hyundai Motors Finance's January buy rate lease money factor and residual value for a 36-month lease of a '12 Elantra Limited with 15,000 miles per year are .00190 and 58%, respectively for consumers who qualify for its top credit tier.
Hyundai is currently providing a $1,000 cash incentive on leases of this car.
Good luck and make sure to let us all know how everything turns out.
Car_man
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Car_man
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To lease a 2012 Elantra Touring SE with the Bluetooth option installed, can you please help me find out the:
-Residual Value
-Money Factor
I'm looking at a 15K miles per year.
I'm OK with a 36 months or less term - open to suggestions!
I have an offer for that car for $21,050, lease monthly payments for 36 month 15K at around $195. Is this a good deal?
Any and all additional info helps!
Thanks.
I'd appreciate it if you could provide me with the Lease info relevant to the Bay Area in CA.
Thanks!
What is the MSRP of the car that you are interested in? That number will enable me to see how large a dealer discount you are being given.
Car_man
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Thanks
I'm still getting bids for my Kia Optima LX 2007, and as soon as I sell it, I'll move into buying the Elantra Touring.
I might ask you for the rates again in Feb
Best,
Mrcarbuyer
Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Elantra GLS with an automatic transmission and 12,000 miles per year are .00190 and 62%, respectively for consumers who qualify for its top credit tier.
Car_man
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Car_man
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I am visiting dealer tomorrow. This Elantra has manual transmission, is gray and it does have the preferred package which includes the alloy wheels, bluetooth and audio controls on the steering wheel. It also comes with floor mats, auto dimming mirror with compass and homelink and cargo net. The MSRP is $17,615. They want $4,000 down and payments will be at $179
Is this a good deal?
On the main site, it appears the incentives from Hyundai are up for February. Are there any updates to the lease details for a 2012 Elantra Limited for 36 months 15,000 miles/year? Is the $1,000 lease support still available in addition to the $500 cash?
Money Factor:
Residual:
Any incentives:
Thanks again for your help. I will post my results by the end of the month.
Do you know what this car's selling price is? The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is much more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what the selling price is and either myself or another helpful community member will let you know what they think.
Car_man
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I believe that there is only a $1,000 cash incentive on leases of this car right now.
Good luck in your negotiations and make sure to let us know how everything turns out.
Car_man
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I leased 12,000 miles/36 months an A/T Hyundai Elantra GLS Red with preferred package+auto dimming mirror, etc . Sticker price was 19,320 and final price 19,000. This is the breakdown:
-Gross Capitalized Cost: 19,595 (19,000+dealer fee of 595)
-I put down $3500, they used $3179.24 as capitalized cost reduction and $320.76 to offset some taxes and fees: FL fee: 68.50, Electronic Filing fee:$93, Title fees: $136.10, tax: $236, finally they gave me a 'credit' of $1,000 to pay for all their fees.
-Adjusted capitalized cost: $16, 415
-Residual value:$11,978
-Lease payments:177 +tax
What do you guys think? The car is beautiful
Dealer: Rick case hyundai in Davie, FL
I am getting quoted 58% residual for a 2012 Limited w/Tech. Does the Tech package really knock 3% off the residual? I was told the GLS had a higher residual.
Car_man
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I have been reading this thread and enjoyed your feedback and insight. I am hoping you can assist me. My girlfriend and I are looking at leasing a 2012 Elantra Limited with Technology Package. Let's say we are able to get them down to MSRP around 23,350. Will there be additional fees or can we base our lease off of this cost? She has a credit score around 700, but only has about 6 months of a credit history. She has $6500 to put toward a car, but read your tip that one shouldn't put too much toward a down payment on a lease.
What might we be looking at if she put $2000 down on a 36 month/15,000 mile lease?
Thanks in advance.
I'm not car man, but figure maybe I can help.
I looked up the Elantra Limited with Tech and I get MSRP of 23,470.
Let's say they sell you the car for invoice. 22,413.
a 15k residual should be 58% and the money factor is .00190 (4.56%)
Also I figured a $1,000 incentive. I'm not sure where you live, but I guessed 7% sales tax and NO CAP COST REDUCTION. Never put down anything like that on a lease. If you total the car or it gets stolen and never found, that money is gone. Keep it in your account.
So all that figured in, I get $303 a month, that's if they give her .00190, which is no huge bargain...But hopefully they would.
The only things you should pay up front on a lease are registration, bank fee and first month. Make them dump the doc fee. Its just pure profit. The tax should be in the payment, don't pay it up front all at once. Also, keep in mind you'll only pay sales tax on the amount of car depreciation you use. Which would be 22417 (selling price) - 13612 (residual) = $8805. Only that is taxable.
If you roll in an even $1000 in fees, it looks like $334, just to give you an idea.
Hope that helps.
ACQ fee- 595
first months payment- 290
license and reg, title- 175
dealer convy- 499
cap reduction- 63.50
tax on reg fees.
Thinking about asking them to take another $300 off the prices of the car because of that bs conveyance fee. Was told $2500 down and $290 a month. What are your thoughts? Good deal??
Thanks
The only things that would add to the selling price that you negotiated on the Elantra that you want are Hyundai Finance's acquisition fee of $595 (which can be paid at signing if you want) and any state taxes or fees, such as registration, tire tax, sales tax, etc...
I need both this car's original full MSRP (including the destination charge) and the selling price that you negotiated to work up a lease payment for you. Let me know what those figures are and I'll gladly crunch some numbers for you.
Car_man
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Car_man
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Car_man
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In particular, do you have the Residual, MF, and fees for a 36 month lease with 12,000mi./yr.?
Thanks
MSRP $22045
Sell $ 22795
Term 48 months/12K miles per year
Residual 56%
Acq Fee 595
Money .00190 (4.56%)
Taxes $1001
Monthly $298
0 down, 0 money on deliver, lic fees, doc fees are all being 'shorted' by dealer
thanks!
Car_man
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Having said that, you definitely should try to negotiate some sort of dealer discount from MSRP.
Car_man
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Also got mud guards, wind deflector, iPod cable, floor mats for 0 additional. We're happy and love our new Elantra.
~cptwlkr
I ended up leasing for 0 down, $275 a month (paid the first month payment). I believe MF was 0.00208 or so and RV was 62%. This also includes all VA sales tax and all fees.
They said this included $1000 lease incentive.
Is this right?
Car_man
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Any updates to 36 month lease details? I have not decided 12,000 miles or 15,000 miles yet but would be interested in discounted purchase price, money factor and residual.
I am co-signing this lease for my college aged daughter. Since she has no credit rating, they mentioned this may push me from the top credit tier to a tier 2 credit. Does that sound right? I am also planning to put $2500 down +/- to keep her payment around the $200/mo range.
What the dealer has given me is a $179/mo lease rate that will increase to $189/mo when you include tax, title and license, and may bump up to $199/mo due to the lower credit tier.
Any input would be appreciated!
So this is what our delaership has agreed to with us:
36 month, 12,000 mile/yr lease
MSRP: 24600
They agreed to $23,100 after discounts and rebates (However, sales person said the residual and monthly payment is calculated based on original MSRP....is this true?)
Risidual value $15990 (This is 65%, should this be lower or higher?)
Money factor: .00244
Down Payment: $2500
Acquisition Fee: $595
Doc fee: $150
Title/Licensing: $182.75
Taxes: $1204
Payments are $300/mo for 36 months
Good deal, ok deal, bad deal???
Thoughts and feedback appreciated. We are supposed to take delivery on Tuesday.
Thanks in advance.
We have never leased a car before and I am completely unsure of what is fair or how to negotiate a better deal. I will need to co-sign this for her since she is a recent college grad with limited credit.
Help pls!
Don't believe this is a great deal based on what I've read here. What should we be negotiating and what should we stay away from? We are located in Central NJ.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
In order to evaluate this deal, we would need to know this car's MSRP and selling price as well as how much you are being given for the Camaro.
Car_man
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I just leased a 2013 Elantra GLS w/Preferred Package from Keith Hawthorne Hyundai in Charlotte, NC. Did all the work via email and phone. Spent less than one hour in dealership for test drive and paperwork. Here's the deal.
36 month, 12000 mile lease.
No Money Down, they made the first payment.
MSRP 19890.
ADJ. CAP cost 20558.50 19890+69(tags)+599.50(Doc Fee)
Residual Value 13071.70 (64%)
Money factor .00178
Payments 267.83+8.03(3% Tax)= $275.86
Also, they made my last payment on my Camry Lease. ($355)
Any thoughts?
Thanks,
The MSRP of the elantra 18650. They agreed to no down payment, but 200$ per month for 39 month.
After we agree to this price, they took me to another room for signing papers. At this time they brought out some "wear&tear protection waiver (100 dectible, 500 single event limint)", some maintenance plan, and adding an alarm. For those three items, they asked for 45$/month extra. I felt like they ambushed me with this price and I said, maybe 30$/month? they agreed immediately. They made me feel a little uneasy. They also mentioned a 400 disposition fee at the end of lease.
So in the end I get 230/month x 39 month + 400 disposition fee. Do you think I got a good deal? Is the 30$/month fee addition is some kind of gimmick? Thanks.
Do you have the latest MF and residuals for the Hyundai Elantra Coupe GS and SE , 36 months, 12000 miles?
Thank you..
Do you have the latest MF and residuals for the Hyundai Elantra Coupe GS and SE , 36 months, 12000 miles?
Thank you..
The numbers for an otherwise identical lease of a '13 Elantra Coupe SE are .00194 and 66%.
Car_man
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Thank you, Nessie
Negotiate best selling price for car. Use a lease calculator to determine payments.
Knowledge is power when negotiating. All the information you are asking for is already in great detail in articles found here on edmunds, and you can also read through the leasing forums. The most active forums have the most information. I use the calculator on the following website, which also has some good leasing info.
www.leaseguide.com