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2016 Hyundai Veloster Lease Questions

bcd2bcd2 Member Posts: 13
edited June 2016 in Hyundai
Do you have the lease numbers for the 2016 Base Veloster? 36 months, 12K and 15K miles. Thanks so much.
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  • kyfdxkyfdx Moderator Posts: 260,735
    bcd2 said:

    Do you have the lease numbers for the 2016 Base Veloster? 36 months, 12K and 15K miles. Thanks so much.

    Sorry, but we don't have the December numbers for Hyundai.

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  • markymarktmarkymarkt Member Posts: 75
    Numbers for 2016 r spec manual. 36/15 and 36/12. Los Angeles. Thank you.
    2018 Toyota Rav4
  • kyfdxkyfdx Moderator Posts: 260,735
    markymarkt said:

    Numbers for 2016 r spec manual. 36/15 and 36/12. Los Angeles. Thank you.

    Sorry, but we don't have any Hyundai lease numbers, this month.

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  • markymarktmarkymarkt Member Posts: 75
    any numbers yet for so cal? 36/15. 2016 Automatic turbo. Are dealers required to show manufacturer MF when asked or can they pad their numbers? Thank you.
    2018 Toyota Rav4
  • MichaellMichaell Moderator Posts: 258,918
    markymarkt said:
    any numbers yet for so cal? 36/15. 2016 Automatic turbo. Are dealers required to show manufacturer MF when asked or can they pad their numbers? Thank you.
    No Hyundai numbers for January. Dealer can mark up the MF for extra profit. 

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  • markymarktmarkymarkt Member Posts: 75
    I got a 51% .00142 for a 36/15 veloster turbo auto. Not sure if MF reflect a profit but dealer quoted me this.
    2018 Toyota Rav4
  • MichaellMichaell Moderator Posts: 258,918
    markymarkt said:

    I got a 51% .00142 for a 36/15 veloster turbo auto. Not sure if MF reflect a profit but dealer quoted me this.

    .00102 is the base MF. Dealer is marking it up for extra profit. $3750 lease cash.

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  • markymarktmarkymarkt Member Posts: 75
    Tha
    Michaell said:

    markymarkt said:

    I got a 51% .00142 for a 36/15 veloster turbo auto. Not sure if MF reflect a profit but dealer quoted me this.

    .00102 is the base MF. Dealer is marking it up for extra profit. $3750 lease cash.
    thank you!
    2018 Toyota Rav4
  • jarkjark Member Posts: 91
    markymarkt said:
    Tha
    I got a 51% .00142 for a 36/15 veloster turbo auto. Not sure if MF reflect a profit but dealer quoted me this.
    .00102 is the base MF. Dealer is marking it up for extra profit. $3750 lease cash.
    thank you!
    What is the MF for tier 3-4 credit.?  
  • MichaellMichaell Moderator Posts: 258,918
    jark said:


    markymarkt said:

    Tha
    Michaell said:

    markymarkt said:

    I got a 51% .00142 for a 36/15 veloster turbo auto. Not sure if MF reflect a profit but dealer quoted me this.

    .00102 is the base MF. Dealer is marking it up for extra profit. $3750 lease cash.
    thank you!

    What is the MF for tier 3-4 credit.?  

    .00129 for tier 4. Tiers 1-3 all get the .00102 MF.

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  • markymarktmarkymarkt Member Posts: 75
    edited January 2016
    Hi Michaell. Dealer said only a $2750 was available compared to your $3750. Is this true? Which credit report does Hyundai use to determine MF? Credit reports ranged from tier 2 score to tier 4. Of course dealer went to the lowest score. If we are able to get a car at invoice and properly claim all incentives, does the salesman or dealer even make money?
    2018 Toyota Rav4
  • MichaellMichaell Moderator Posts: 258,918
    markymarkt said:

    Hi Michaell. Dealer said only a $2750 was available compared to your $3750. Is this true? Which credit report does Hyundai use to determine MF? Credit reports ranged from tier 2 score to tier 4. Of course dealer went to the lowest score. If we are able to get a car at invoice and properly claim all incentives, does the salesman or dealer even make money?

    The lease cash is a factory to dealer incentive; dealer may choose to share none, part, or all of that with the customer.

    No idea which credit report HMF uses.

    I wouldn't worry about whether the dealer or salesman make any money on the deal; focus on getting the car for the price you are comfortable with.

    You may want to reach out to multiple Hyundai dealers and have them negotiate against one another for your business.

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  • phatchicophatchico Member Posts: 3
    edited February 2016
    Would you happen to have the lease numbers for both the base Veloster and Turbo variants for 36/12 for February? Need Money Factor and Residual for Tier 1 credit. Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 260,735
    phatchico said:

    Would you happen to have the lease numbers for both the base Veloster and Turbo variants for 36/12 for February? Need Money Factor and Residual for Tier 1 credit. Thanks in advance!

    Automatic or stick=shift?

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  • phatchicophatchico Member Posts: 3
    kyfdx said:

    Automatic or stick=shift?

    I suppose both as I am examining all options at this point. Manual would be the preference though.

  • kyfdxkyfdx Moderator Posts: 260,735
    phatchico said:

    Would you happen to have the lease numbers for both the base Veloster and Turbo variants for 36/12 for February? Need Money Factor and Residual for Tier 1 credit. Thanks in advance!

    Base MT: .00104 MF and 53% residual.
    Base auto: .00073 and 54%.
    Turbo MT: .00054 and 51%
    Turbo auto: .00102 and 53%

    $2750 lease cash on all.

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  • phatchicophatchico Member Posts: 3
    thank you!
  • curtp_mkecurtp_mke Member Posts: 11
    Do you have June residual / MF for Veloster Turbo w/ 7spd DCT? With tech package if it matters. Looking for 24/15, 36/15 and 48/15. 12k mi. #s too if you have them. Thanks!
  • kyfdxkyfdx Moderator Posts: 260,735
    curtp_mke said:

    Do you have June residual / MF for Veloster Turbo w/ 7spd DCT? With tech package if it matters. Looking for 24/15, 36/15 and 48/15. 12k mi. #s too if you have them. Thanks!

    No 24 month leases on the Veloster.

    36/15: .00102 MF and 51% residual. $2750 lease cash

    48/15: .00158 MF and 42% residual. $2750 lease cash

    Add 2% for 12K/yr

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  • rafangelrafangel Member Posts: 5
    Money factor and residual for veloster turbo in Fl 36/12 both dct and manual, Thanks
  • MichaellMichaell Moderator Posts: 258,918
    rafangel said:

    Money factor and residual for veloster turbo in Fl 36/12 both dct and manual, Thanks

    MT - .00134 and 50%
    AT - .00102 and 53%

    $2750 lease cash for both.

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  • rafangelrafangel Member Posts: 5
    Thank you
  • dsp9753dsp9753 Member Posts: 4
    Hi, what are the current MF and residual for all the veloster trims in MD 36/12 in automatic? Also, any current lease cash available?
  • kyfdxkyfdx Moderator Posts: 260,735
    dsp9753 said:

    Hi, what are the current MF and residual for all the veloster trims in MD 36/12 in automatic? Also, any current lease cash available?

    Base auto: .00053 MF and 53% residual. $2750 lease cash
    Turbo auto: .00082 MF and 52% residual. $2750 lease cash

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  • allfortheunionallfortheunion Member Posts: 20
    Do you have November MF and RV in California for Veloster Auto Turbo 36mo/12K? Is lease cash $3750? thanks, Dave
  • MichaellMichaell Moderator Posts: 258,918
    allfortheunion said:

    Do you have November MF and RV in California for Veloster Auto Turbo 36mo/12K? Is lease cash $3750? thanks, Dave

    We only have residual numbers; no MF or incentive information this month.

    43% for 36/12

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  • incorruptibleincorruptible Member Posts: 2
    Hey folks, first-timer here at Edmunds. Not too familiar with leasing. I was offered a Hyundai Veloster Turbo MSRP 19114 + tech/style package => 24,315 USD MSRP, for 250 USD a month, 3000 USD down, for a three year lease.

    Would this be considered a decent deal?
  • kyfdxkyfdx Moderator Posts: 260,735
    incorruptible said:

    Hey folks, first-timer here at Edmunds. Not too familiar with leasing. I was offered a Hyundai Veloster Turbo MSRP 19114 + tech/style package => 24,315 USD MSRP, for 250 USD a month, 3000 USD down, for a three year lease.

    Would this be considered a decent deal?

    What is mileage allowance?
    Do you know the selling price or CAP cost?
    Do you have a breakdown of the $3000 upfront?
    What state/tax rate?
    Manual or automatic?

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  • incorruptibleincorruptible Member Posts: 2
    12,000 miles
    No idea what's the selling price
    The 3000 down would be the valuation of my old Mazda 3, 2008
    Tax rate is 7%
    Double clutch transmission

    Appreciate the help! I'm sorry I'm still digging my teeth into this whole leasing stuff.
  • kyfdxkyfdx Moderator Posts: 260,735
    incorruptible said:

    12,000 miles
    No idea what's the selling price
    The 3000 down would be the valuation of my old Mazda 3, 2008
    Tax rate is 7%
    Double clutch transmission

    Appreciate the help! I'm sorry I'm still digging my teeth into this whole leasing stuff.

    .00041 MF and 47% residual. $3750 lease cash.
    To calculate a lease, need at least the selling price.

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