2016 Hyundai Sonata Lease Questions

Michaell · April 2016

maslows said:
Delaware
Dealer said Rebates were included but the math doesn't make sense, I get military plus recent college grad, and I am assuming lease cash, but this was never confirmed.
I have 4 years left on the Audi, it was an impulse buy, I didn't think of the family factor just me, and its too small.

Trade In: 2008 Audi A4 w/99,980 miles
Trade In Payoff: $11920
Trade In Allowance: $5000

White with Grey Interior - 2016 Sonata SE w/PZEV

Selling Price: $22,710
Trade Allowance: -$5000
Adjusted Price: $17,710
Registration Fee: $200
Admin Fee: $299
Tax: $769
Non Tax Fee: $75
Trade Payoff: $11,920
Balance: $30,973

From there a Number $15,876 for 36 month with $1500 down payments are $441

Using the MSRP of $22,710 and the base MF of .00077, I get a payment of over $500/mo before tax.

The negative equity alone is almost $200 of that number.

My recommendation is that you hold onto the Audi until you aren't quite as buried in it.

And, is the Sonata really that much bigger?

maslows · April 2016

No, gotta thank TonyG, he sent me a PM, that opened my eyes. Ill just keep the Audi, buy the Mrs a beater, and for the time being we can just take 2 vehicles if we need to go some where as a family

maslows · April 2016

Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700

Michaell · April 2016

maslows said:
Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700

How many miles per year?

maslows · April 2016

12000

Michaell · April 2016

maslows said:
Talked to my wife about it and she decided she is going to spend her money and lease the vehicle herself.

did the April incentives update, she is looking at the Sport for 36 months, her credit score is 700

maslows said:
12000

36/12 numbers on the 2016 Hyundai Sonata Sport 2.4 are .00055 and 53%. $2000 lease cash.

maslows · April 2016

thanks

onebetter · April 2016

Can you advise the MF and RV for 2016 Sonata SE, Sport 2.4, and Limited 2.4 for 36/10, 36/12, and 36/15 in Long Island, NY area. Thanks in advance.

Michaell · April 2016

onebetter said:
Can you advise the MF and RV for 2016 Sonata SE, Sport 2.4, and Limited 2.4 for 36/10, 36/12, and 36/15 in Long Island, NY area. Thanks in advance.

36/12 numbers:
SE - .00077 and 56%
Sport 2.4 - .00055 and 53%
Limited 2.4 - .00087 and 56%

$2000 lease cash

Add 1% for 10K; subtract 2% for 15K

klnmcmg · April 2016

MF and RV for Hybrid Limited for 36/15, 24/15?

kyfdx · April 2016

klnmcmg said:
MF and RV for Hybrid Limited for 36/15, 24/15?

36/15: .00129 MF and 49% residual. $2500 lease cash

Don't see a 24 month program on this model.

infoe36069 · April 2016

Mf/resid/incentive for 2016 limited 36/10 please?

infoe36069 · April 2016

Can i please have mf and resid and any lease cash for a limited 2016 36/10 in florida? Thanks

Michaell · April 2016

infoe36069 said:
Can i please have mf and resid and any lease cash for a limited 2016 36/10 in florida? Thanks

Limited 2.4 - .00087 and 57%
Limited 2.0T - 00097 and 54%

$2000 lease cash.

132nick · April 2016

What do you guys think of the deal I currently have on the table. Dealer is in South Florida.

2016 Hyundai Sonata SE
Term: 36/12
MSRP: $23,055
Base Cap Cost: $21,000
Acquisition Fee: $595
Rebate: $2750
Dealer Fee: $699
Adjusted Cap Cost: $19,527.71
RV: $12,910.80 (56%)
MF: .00095
Monthly: $214.62
Tax: $15.02 (7% in FL)
Total Monthly Payment: $229.64
Cash due at inception*: $803

*Cash due at inception breakdown:
First Month Payment: $229.64
License Fee: $160
Rental Surcharge: $60
Tire/Battery Fees: $6.50
MVWEA: $2.00
Electronic Filing Fee: $132.95
Cap. Reduction Tax: $144.71
Tax on Fees: $53.91

Michaell · April 2016

132nick said:
What do you guys think of the deal I currently have on the table. Dealer is in South Florida.

2016 Hyundai Sonata SE
Term: 36/12

MSRP: $23,055

Base Cap Cost: $21,000

Acquisition Fee: $595

Rebate: $2750

Dealer Fee: $699

Adjusted Cap Cost: $19,527.71

RV: $12,910.80 (56%)

MF: .00095

Monthly: $214.62

Tax: $15.02 (7% in FL)

Total Monthly Payment: $229.64

Cash due at inception*: $803

*Cash due at inception breakdown:

First Month Payment: $229.64

License Fee: $160

Rental Surcharge: $60

Tire/Battery Fees: $6.50

MVWEA: $2.00

Electronic Filing Fee: $132.95

Cap. Reduction Tax: $144.71

Tax on Fees: $53.91

Very detailed quote. Base MF is .00077 on the SE.

I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.

132nick · April 2016

Michaell said:

What do you guys think of the deal I currently have on the table. Dealer is in South Florida.

2016 Hyundai Sonata SE
Term: 36/12
MSRP: $23,055
Base Cap Cost: $21,000
Acquisition Fee: $595
Rebate: $2750
Dealer Fee: $699
Adjusted Cap Cost: $19,527.71
RV: $12,910.80 (56%)
MF: .00095
Monthly: $214.62
Tax: $15.02 (7% in FL)
Total Monthly Payment: $229.64
Cash due at inception*: $803

*Cash due at inception breakdown:
First Month Payment: $229.64
License Fee: $160
Rental Surcharge: $60
Tire/Battery Fees: $6.50
MVWEA: $2.00
Electronic Filing Fee: $132.95
Cap. Reduction Tax: $144.71
Tax on Fees: $53.91
Very detailed quote. Base MF is .00077 on the SE. I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.

Had to haggle for quite a while before I convinced them to show me the computer printout with all the details of the offer. All they want to show you is monthly & cash down hoping you'll make the deal blind.

As for the padded MF, I insisted it was too high as I'm top tier but manager wouldn't budge. I think I'll try another dealer.

Michaell · April 2016

132nick said:

Michaell said:

What do you guys think of the deal I currently have on the table. Dealer is in South Florida.

2016 Hyundai Sonata SE
Term: 36/12

MSRP: $23,055

Base Cap Cost: $21,000

Acquisition Fee: $595

Rebate: $2750

Dealer Fee: $699

Adjusted Cap Cost: $19,527.71

RV: $12,910.80 (56%)

MF: .00095

Monthly: $214.62

Tax: $15.02 (7% in FL)

Total Monthly Payment: $229.64

Cash due at inception*: $803

*Cash due at inception breakdown:

First Month Payment: $229.64

License Fee: $160

Rental Surcharge: $60

Tire/Battery Fees: $6.50

MVWEA: $2.00

Electronic Filing Fee: $132.95

Cap. Reduction Tax: $144.71

Tax on Fees: $53.91
Very detailed quote. Base MF is .00077 on the SE.

I get $223/mo with the base MF; the markup is costing you about $200 over the life of the lease.

Had to haggle for quite a while before I convinced them to show me the computer printout with all the details of the offer. All they want to show you is monthly & cash down hoping you'll make the deal blind.

As for the padded MF, I insisted it was too high as I'm top tier but manager wouldn't budge. I think I'll try another dealer.

Lots of dealers out there; only takes one to meet your numbers.

mripguru · April 2016

What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

Michaell · April 2016

mripguru said:
What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!

Base trim
36/12 - .00060 and 47%
39/12 - .00105 and 46%
$6919 lease cash. Add 1% for 10K

Michaell · April 2016

mdubdroid2 said:

Michaell said:

mripguru said:
What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
Base trim
36/12 - .00060 and 47%
39/12 - .00105 and 46%
$6919 lease cash. Add 1% for 10K

Can you provide incentive for the regular hybrid in NorCal? Did like sonata more than expected when test driving along with the Santa Fe the other day. Thanks!

2016 Sonata Hybrid Base
36/12 - .00094 and 53%
39/12 - .00158 and 52%
$2500 lease cash

sbrowne105 · May 2016

Hi Michael,
Can you please provide me with the numbers for a 2.4 sport and limited, 36/15K in NY?

Also I've noticed there are no 2.0 turbo models in stock anywhere near me in NY - has anyone else seen this?

kyfdx · May 2016

sbrowne105 said:
Hi Michael,
Can you please provide me with the numbers for a 2.4 sport and limited, 36/15K in NY?

Also I've noticed there are no 2.0 turbo models in stock anywhere near me in NY - has anyone else seen this?

Sport: .00055 MF and 51% residual. $2000 lease cash
LTD: .00087 MF and 54% residual. $2000 lease cash

tonyg2016 · May 2016

requesting numbers for sonata 2.4 SE, 36/12k, OH

kyfdx · May 2016

tonyg2016 said:
requesting numbers for sonata 2.4 SE, 36/12k, OH

.00058 MF and 55% residual. $2000 lease cash

mdubdroid3 · May 2016

can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!

Michaell · May 2016

mdubdroid3 said:
can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!

Sport 2.4 or 2.0T?

Limited 2.0T is .00089 and 53%. $2000 lease cash.

mdubdroid3 · May 2016

Michaell said:

can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!
Sport 2.4 or 2.0T? Limited 2.0T is .00089 and 53%. $2000 lease cash.

Sport 2.0 please.

Michaell · May 2016

mdubdroid3 said:

Michaell said:

mdubdroid3 said:
can i get updated #s for NorCal? if following the trend with those others states, might be a good deal this month. Ltd 2.0 and Sport 36/12. thanks!
Sport 2.4 or 2.0T?

Limited 2.0T is .00089 and 53%. $2000 lease cash.

Sport 2.0 please.

Sport 2.0T 36/12 - .00073 and 52%. $2000 lease cash.

mripguru · May 2016

Michaell said:

What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
Base trim 36/12 - .00060 and 47% 39/12 - .00105 and 46% $6919 lease cash. Add 1% for 10K

Did the numbers change for May?

Thanks!

freshstays116 · May 2016

In your opinion, what's the best deal on any sonata for 15km? Nj

kyfdx · May 2016

mripguru said:

Michaell said:

mripguru said:
What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
Base trim
36/12 - .00060 and 47%
39/12 - .00105 and 46%
$6919 lease cash. Add 1% for 10K

Did the numbers change for May?

Thanks!

39/12 residual has dropped to 45%. Everything else is the same.

tonyg2016 · May 2016

can i get numbers for 39, 42 and 48 month leases? 10k and 12k per year; SE and Sport 2.4
hyundai warranty is 5 year/60k miles so the longer leases MAY make sense
also, military cash is doubled from 500 to 1000 for 5/20 to 5/31 (Memorial day)

Michaell · May 2016

tonyg2016 said:
can i get numbers for 39, 42 and 48 month leases? 10k and 12k per year; SE and Sport 2.4
hyundai warranty is 5 year/60k miles so the longer leases MAY make sense
also, military cash is doubled from 500 to 1000 for 5/20 to 5/31 (Memorial day)

SE
39/12 - .00158 and 53%. $2500 LC
42/12 - .00158 and 51%. $2500 LC
48/12 - .00158 and 47%. $2750 LC

Sport 2.4
39/12 - .00158 and 50%. $2500 LC
42/12 - .00158 and 48%. $2500 LC
48/12 - .00158 and 44%. $2750 LC

mripguru · May 2016

Can you please provide MF, RV and any lease cash on a Sonota Hybrid Limited for 36/10 and 39/10?
thanks!

kyfdx · May 2016

mripguru said:
Can you please provide MF, RV and any lease cash on a Sonota Hybrid Limited for 36/10 and 39/10?
thanks!

.00125 MF and 52% residual
.00158 MF and 50% residual.

$2500 lease cash.

mripguru · May 2016

kyfdx said:

Michaell said:

What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
Base trim 36/12 - .00060 and 47% 39/12 - .00105 and 46% $6919 lease cash. Add 1% for 10K

Did the numbers change for May?

Thanks!
39/12 residual has dropped to 45%. Everything else is the same.

What is MF and RV at 42 and 48 months?
Thanks!

Michaell · May 2016

mripguru said:

kyfdx said:

mripguru said:

Michaell said:

mripguru said:
What is the current MF, residual and incentives for a Sonata Hybrid Plug-in? Looking for 36/12, 36/10, 39/10 and 39/12. Thanks!
Base trim
36/12 - .00060 and 47%
39/12 - .00105 and 46%
$6919 lease cash. Add 1% for 10K

Did the numbers change for May?

Thanks!
39/12 residual has dropped to 45%. Everything else is the same.

What is MF and RV at 42 and 48 months?
Thanks!

42/12 - .00105 and 45%
48/12 - .00105 and 42%

ariesgeek · May 2016

Thank you guys. If you have a FAQ link on how you are able to stay current with this info, I would love to read up and not have to bug you.

State : MO
Credit : 727 EQ / 749 EX / 745 TU
Preferred term : 10k/36
Alternative term : 12k/36

RV and MF for:
2016 SE
2016 Sport 2.4

If you have any links to information on Missouri and sales tax, I would appreciate that too.

Thank you in advance.

Michaell · May 2016

ariesgeek said:
Thank you guys. If you have a FAQ link on how you are able to stay current with this info, I would love to read up and not have to bug you.

State : MO
Credit : 727 EQ / 749 EX / 745 TU
Preferred term : 10k/36
Alternative term : 12k/36

RV and MF for:
2016 SE
2016 Sport 2.4

If you have any links to information on Missouri and sales tax, I would appreciate that too.

Thank you in advance.

36/10 numbers
SE - .00058 and 56%
Sport 2.4 - .00055 and 54%

$2000 lease cash. Subtract 1% for 12k

crazydeo · May 2016

Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!

Michaell · May 2016

crazydeo said:
Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!

36/15 - .00060 and 45%
39/15 - .00105 and 43%

$6919 lease cash.

Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.

carfan74 · May 2016

Hi. Current mf, residual and lease cash please in NY on 2.4 sonata limited for 36/10k mile lease. Thank you.

Michaell · May 2016

carfan74 said:
Hi. Current mf, residual and lease cash please in NY on 2.4 sonata limited for 36/10k mile lease. Thank you.

.00087 and 57%. $2000 lease cash

crazydeo · June 2016

Michaell said:

crazydeo said:
Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!
36/15 - .00060 and 45%
39/15 - .00105 and 43%

$6919 lease cash.

Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.

Is the $6919 lease cash including rebates such as (i.e. loyalty, hybrid tax credit, military)? The dealer I visited stated the rebates are included in the lease cash and are not additional discounts. Thank you for your help!

kyfdx · June 2016

crazydeo said:

Michaell said:

crazydeo said:
Hi, what is the current MF, residual and incentives for a Sonata Hybrid Plug-in in So Cal (91709)? Looking for 36/15, 36/20, 39/20 and 39/15. Thank you!
36/15 - .00060 and 45%
39/15 - .00105 and 43%

$6919 lease cash.

Extra miles are purchased up front, at the rate of .15-.25 per mile, deducted from the calculated 15K residual.
Is the $6919 lease cash including rebates such as (i.e. loyalty, hybrid tax credit, military)? The dealer I visited stated the rebates are included in the lease cash and are not additional discounts. Thank you for your help!

Sorry.. can't tell you how the rebates stack, or whether they do.

carhunter_9999 · June 2016

Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

MSRP: 28670
Discount:1445
Rebate: 2500
Adjusted Price: 24745

Doc Fee: 75
Tax: 797.46
Non Tax Fees: 352.75

Net Price: 25970.21

MF : 0.00127
Residual: 54%

$372/month at 15000 miles/year for 36 months.

Michaell · June 2016

carhunter_9999 said:
Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

MSRP: 28670
Discount:1445
Rebate: 2500
Adjusted Price: 24745

Doc Fee: 75
Tax: 797.46
Non Tax Fees: 352.75

Net Price: 25970.21

MF : 0.00127
Residual: 54%

$372/month at 15000 miles/year for 36 months.

Base MF is .00087, so that is being marked up on you.

What state and tax rate is this?

I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF.

Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.

carhunter_9999 · June 2016

Michaell said:

carhunter_9999 said:
Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking

MSRP: 28670
Discount:1445
Rebate: 2500
Adjusted Price: 24745

Doc Fee: 75
Tax: 797.46
Non Tax Fees: 352.75

Net Price: 25970.21

MF : 0.00127
Residual: 54%

$372/month at 15000 miles/year for 36 months.
Base MF is .00087, so that is being marked up on you.

What state and tax rate is this?

I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF.

Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.

state is MN and tax is 6.5%

Michaell · June 2016

carhunter_9999 said:

Got the following number for a Sonata Limited lease. Can someone please let me know how are these looking MSRP: 28670 Discount:1445 Rebate: 2500 Adjusted Price: 24745 Doc Fee: 75 Tax: 797.46 Non Tax Fees: 352.75 Net Price: 25970.21 MF : 0.00127 Residual: 54% $372/month at 15000 miles/year for 36 months.
Base MF is .00087, so that is being marked up on you. What state and tax rate is this? I get $327/mo plus tax using your numbers with the base MF; $344/mo with the marked up MF. Ask for the adjusted cap cost - should be higher than the net price. If so, find out what's been added. Bank fee, for one.
state is MN and tax is 6.5%

And the cap cost?

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