2016 Hyundai Sonata Lease Questions

dicertx014 · August 2016

tonyg2016 said:
scroll up for 36mo/12k data, then subtract 2% for 15k

Thanks, So I see MF of .00058 for SE and .00087 for Limited? Is that correct, that there are two different MF's for two different types of Sonata's?

kyfdx · August 2016

dicertx014 said:
What's the RV and MF for 2016 Sonata Limited, 36/15k for North East/Mid Atlantic area? Thank you.

Is it the 2.4 or 2.0T engine?

jlightheel · August 2016

hs11791 said:

What was the msrp of the car? (did it have any options or packages?)

MSRP was 28,545 Cap Cost is 23,138 Put down 651 (which was DMV + 1st Months Payment). 239 a Month If you need any other info - please ask 2016 Hyundai Sonata Limited - didnt have any other options. whatever comes standard in a Sonata Limited

Not 100% sure how the numbers work, but that is a great price for that car!

tonyg2016 · August 2016

i've done lease calcs for a while and i couldn't figure out how to make that deal work. I told him to run and get it before they figured out their mistake. Turns out there was an additional $750 incentive just for the weekend (not sure if it was a dealer thing or a hyundai thing).

made an excellent deal into an awesome deal - nice job @hs11791

these forums do work!

dwells311 · August 2016

Alright finalized my deal. 2016 Sonata SE 36 month/15k lease .00058 MF 53% Residual
MSRP = 22,895
Dealer Discount -2,944.05
Acquisition/Title +612.00 (was told wrong by salesperson that they didn't have acquisition fee, but also told me the wrong money factor as well, which was a net essentially)
Total Gross Cap Cost = 20,562.95

Military -500
Uber -1,000
Summer Sales -1,000
Lease Cash -2,000
Total Cap Cost Reduction = 4,500
Adj Cap = 16,062.95

Residual = 12,134.35 (53%)

1st Monthly Pmt 132.38 (125.48 + 6.90 taxes --5.5% tax rate)
Doc Fee 179
Total Paid at Signing = 311.38

Rent Charge = 588.68 (16.35/Month) based on .00058 MF

Thanks to all with the info as I was able to make sure I got the best deal possible (at least I think I got a decent deal). Paying $16k for a $23k vehicle works for me.

Michaell · August 2016

dwells311 said:
Alright finalized my deal. 2016 Sonata SE 36 month/15k lease .00058 MF 53% Residual
MSRP = 22,895
Dealer Discount -2,944.05
Acquisition/Title +612.00 (was told wrong by salesperson that they didn't have acquisition fee, but also told me the wrong money factor as well, which was a net essentially)
Total Gross Cap Cost = 20,562.95

Military -500
Uber -1,000
Summer Sales -1,000
Lease Cash -2,000
Total Cap Cost Reduction = 4,500
Adj Cap = 16,062.95

Residual = 12,134.35 (53%)

1st Monthly Pmt 132.38 (125.48 + 6.90 taxes --5.5% tax rate)
Doc Fee 179
Total Paid at Signing = 311.38

Rent Charge = 588.68 (16.35/Month) based on .00058 MF

Thanks to all with the info as I was able to make sure I got the best deal possible (at least I think I got a decent deal). Paying $16k for a $23k vehicle works for me.

That is an awesome deal! Were there any options on the SE?

Congrats and enjoy the new car.

dwells311 · August 2016

Michaell said:

That is an awesome deal! Were there any options on the SE?

Congrats and enjoy the new car.

Not really, just the cargo package & carpet floor mats.

stephen00 · August 2016

What is the MF residual on a Limited for 36/15 and lease cash for NC.

Also any thoughts if the deals will get any better for September?

tonyg2016 · August 2016

stephen00 said:
What is the MF residual on a Limited for 36/15 and lease cash for NC.

Also any thoughts if the deals will get any better for September?

from an earlier post:

36/12 on the Sonata Limited 2.4 is .00087 and 56%. $2000 lease cash.
36/15 res is 54%

make sure you get at least 10% off msrp as the sell price
also, the $1000 summer cash applies to leases

regarding post 9/6: there is no way to know but i doubt they will get worse as this is the end of the model year

kyfdx · August 2016

stephen00 said:
What is the MF residual on a Limited for 36/15 and lease cash for NC.

Also any thoughts if the deals will get any better for September?

2.4 or 2.0T?

No idea what will happen next month.

hudz2015 · September 2016

Do you know of any special incentives for labor day?

Michaell · September 2016

hudz2015 said:
Do you know of any special incentives for labor day?

We aren't aware of any .. but, we wouldn't get last minute information.

jjinatx · September 2016

What is the MF/RV for a 2017 or 2016 Sonata limited 12k/36 months. Any bonus cash/lease cash? in TX.

Michaell · September 2016

jjinatx said:
What is the MF/RV for a 2017 or 2016 Sonata limited 12k/36 months. Any bonus cash/lease cash? in TX.

2.4 or 2.0T?

jjinatx · September 2016

2.4

kyfdx · September 2016

jjinatx said:
What is the MF/RV for a 2017 or 2016 Sonata limited 12k/36 months. Any bonus cash/lease cash? in TX.

jjinatx said:
2.4

2016: .00087 MF and 56% residual. $2000 lease cash

2017 discussion is here:
http://forums.edmunds.com/discussion/42347/hyundai/sonata/2017-hyundai-sonata-lease-questions#latest

jjinatx · September 2016

Looks like post labor day there are some good deals on the 2016 sonata hybrid. What is the RV/MF on a 2016 hybrid limited? 36/12. in TX. I'm seeing 4k in customer cash and another 2500 from dealer bringing price to 24550. before negotiations. seems like a great deal. thoughts?

tonyg2016 · September 2016

@kyfdx
@Michaell
requesting new lease data for 2016 sonata, 36mo, 12k miles, 2.4 engine - both sport and limited, Ohio

kyfdx · September 2016

We don't have the new Hyundai programs, for most models. Hopefully, we will get updates, soon.

jjinatx · September 2016

any updates on the new sept numbers?

kyfdx · September 2016

jjinatx said:
any updates on the new sept numbers?

Sorry... looks like we might not get them, this month.

tonyg2016 · September 2016

any new info?
requesting new lease data for 2016 sonata, 36mo, 12k miles, 2.4 engine - both sport and limited, Ohio

kyfdx · September 2016

tonyg2016 said:
any new info?
requesting new lease data for 2016 sonata, 36mo, 12k miles, 2.4 engine - both sport and limited, Ohio

Sorry... no September numbers for Hyundai

wheels47 · September 2016

Could I please get info on the MF/RV for a 2016 Sonata Hybrid Plug In, base trim, 12k/36 months. Please include info on any lease bonus cash outside of fed tax incentive. Lease would be in CA.

Michaell · September 2016

wheels47 said:
Could I please get info on the MF/RV for a 2016 Sonata Hybrid Plug In, base trim, 12k/36 months. Please include info on any lease bonus cash outside of fed tax incentive. Lease would be in CA.

We didn't get the Hyundai numbers this month.

wheels47 · September 2016

thank you...sorry if i missed that in an earlier post

1stleaser · September 2016

My apologies. I believe I posted my question initially on the main forum instead of this one.

Hello,
I am new to car leasing and trying to get opinions on this deal I was quoted via email.
I was quoted these #'s on a 2016 Sonata Limited lease (no extra packages).
MSRP: $28465.00
SELLING: $26080.36
RATE: .00065
RESIDUAL: .54
ADJ RESIDUAL: $15371.10
REBATES: $3500.00 (I assume the 2750 lease rebate incentive along with the 750 current Hyundai owner)
Lease at 36 months with 12k a year would be $157 a month with a total of $1968 out of pocket.

I live in Nassau County, NY and my tax rate is 8.625%. NY charges the sales tax on the total lease payment upfront.

Is there anything else I should be looking for/asking about concerning this lease. Is there a way to calculate the OTD lease price for this car or am I missing any valuable info to determine this?
Thanks for your assistance.

Michaell · September 2016

1stleaser said:
My apologies. I believe I posted my question initially on the main forum instead of this one.

Hello,
I am new to car leasing and trying to get opinions on this deal I was quoted via email.
I was quoted these #'s on a 2016 Sonata Limited lease (no extra packages).
MSRP: $28465.00
SELLING: $26080.36
RATE: .00065
RESIDUAL: .54
ADJ RESIDUAL: $15371.10
REBATES: $3500.00 (I assume the 2750 lease rebate incentive along with the 750 current Hyundai owner)
Lease at 36 months with 12k a year would be $157 a month with a total of $1968 out of pocket.

I live in Nassau County, NY and my tax rate is 8.625%. NY charges the sales tax on the total lease payment upfront.

Is there anything else I should be looking for/asking about concerning this lease. Is there a way to calculate the OTD lease price for this car or am I missing any valuable info to determine this?
Thanks for your assistance.

If your selling price is the cap cost, I get $324/mo before tax.

Ask the dealer what the adjusted cap cost is, and the breakdown of the out of pocket costs.

Also, we don't have the Hyundai numbers this month, so we can't tell you if the MF is marked up or not.

kermynator · September 2016

If you don't have the numbers, where else can I get them from? Will Hyundai Motor Finance give them out if I just call up and ask? This site has been an invaluable resource and facilitated every lease I've negotiated. Every time I walk in to a dealership, they try to push the "customer just fell with yesterday's rain" numbers on me and I pull out the "real" numbers and they cave. When I leased my Genesis, the manager pulled me into his back office and said "It's rare that we get someone who knows how to lease a car, so I'll cut through the bull$hit."

FWIW: Looking for Resid/MF for a 2016 Hyundai Sonata Plug-In Hybrid Limited 15k/yr.

Michaell · September 2016

kermynator said:
If you don't have the numbers, where else can I get them from? Will Hyundai Motor Finance give them out if I just call up and ask? This site has been an invaluable resource and facilitated every lease I've negotiated. Every time I walk in to a dealership, they try to push the "customer just fell with yesterday's rain" numbers on me and I pull out the "real" numbers and they cave. When I leased my Genesis, the manager pulled me into his back office and said "It's rare that we get someone who knows how to lease a car, so I'll cut through the bull$hit."

FWIW: Looking for Resid/MF for a 2016 Hyundai Sonata Plug-In Hybrid Limited 15k/yr.

I don't know of any other source for this information. For sure HMF won't give them to you.

kermynator · September 2016

What were the august numbers for the car described? Other things being equal, do they tend to be tied to Prime Rate fluctuations?

Michaell · September 2016

kermynator said:
What were the august numbers for the car described? Other things being equal, do they tend to be tied to Prime Rate fluctuations?

MF and residual are not tied to anything. They are set by marketing and finance to help move the most inventory.

August numbers won't help, either. There's no pattern to the numbers from month to month.

tonyg2016 · September 2016

Single point of failure! i know it's not edmunds fault for not having the numbers but it sure makes leasing more difficult when you don't have a second source of info to check the dealer's numbers

notice the lack of activity for the hyundai sonata both here and at the hyundai-forums web site

http://www.hyundai-forums.com/sonata-all-hybrid-models-yf-lf/394905-what-did-you-pay-2016-hybrid-17.html

tonyg2016 · September 2016

kermynator said:
What were the august numbers for the car described? Other things being equal, do they tend to be tied to Prime Rate fluctuations?

without numbers i would revert to my old rule-of-thumb for leasing. Anything less than 10 dollars per 1000 of msrp is a good deal. example - lease a 30k car for less than 300/month (just add tax which varies by state)

best i can offer

kermynator · September 2016

Seeing that we're a day away...October numbers?

Michaell · September 2016

kermynator said:
Seeing that we're a day away...October numbers?

Not until next week at the earliest.

kermynator · October 2016

So I spoke to a couple of dealerships. One had numbers expiring on 9/30, another on 10/5. The MF for both regular and plug-in Hybrids are currently .00125 for 12K and .00145 for 15K.

Residuals:

Hybrid: 12K/.51, 15K/.49
Plug-In: 12K/.47, 15K/.45

The "best" deal I've seen is a Plug-In hybrid:

MSRP: 39640
Dealer Discount & Lease Cash: 11561
Net Cap Cost: 28079

Nice discount, but that 45-47% residual does not seem very lease friendly.

ambuono · October 2016

Hello, I have a lease question concerning sales tax. I recently (May 2016) leased a 2016 Sonata in the state of New Jersey. The vehicle was registered in NJ. In July I moved to Pennsylvania and registered the car in PA. My most recent statement from Hyundai leasing includes a PA Sales/Use tax on top of the original lease payment. My understanding is that NJ sales tax was calculated in the original payment. Now PA sales tax is being added to that. Seems like double taxation to me. Has anyone had this experience? Any tips/advice on how to resolve this would be greatly appreciated. Thank you.

kyfdx · October 2016

ambuono said:
Hello, I have a lease question concerning sales tax. I recently (May 2016) leased a 2016 Sonata in the state of New Jersey. The vehicle was registered in NJ. In July I moved to Pennsylvania and registered the car in PA. My most recent statement from Hyundai leasing includes a PA Sales/Use tax on top of the original lease payment. My understanding is that NJ sales tax was calculated in the original payment. Now PA sales tax is being added to that. Seems like double taxation to me. Has anyone had this experience? Any tips/advice on how to resolve this would be greatly appreciated. Thank you.

NJ collects sales tax upfront, while PA taxes the monthly payment. From PA's perspective, they don't know what went into the payment, just that it has to be taxed.

I'm not sure you have anyway around this, and PA taxes are 9%-10%, as well. That's a big bite.

Your best chance might be asking to NJ to rebate a portion of the tax, since the car is no longer in NJ, but I wouldn't hold out a lot of hope.

jjinatx · October 2016

Looking for MF/RV on 2016 Sonata limited in TX 36/12 for October

jjinatx · October 2016

any lease cash or bonuses from hyundai?

Michaell · October 2016

jjinatx said:
Looking for MF/RV on 2016 Sonata limited in TX 36/12 for October

2.4 or 2.0T?

tonyg2016 · October 2016

requesting october lease data for sonata sport and limited (both 2.4), 36mo, 12k miles, Ohio

Michaell · October 2016

tonyg2016 said:
requesting october lease data for sonata sport and limited (both 2.4), 36mo, 12k miles, Ohio

Sport - .00035 and 52%.
Limited - .00049 and 54%

$2000 lease cash.

gwilkinson0918 · October 2016

Requesting lease data for Limited 36, 15k, TN

gwilkinson0918 · October 2016

2.4

Michaell · October 2016

gwilkinson0918 said:
Requesting lease data for Limited 36, 15k, TN

gwilkinson0918 said:
2.4

Limited 2.4 - .00049 and 52%. $2000 lease cash

gwilkinson0918 · October 2016

If my dealer gives different numbers...Can they put a cushion on Residual?

He just told me the lease numbers RV 49% and MF .00219 for 2016 Limited with Tech Package. 36/12k

Are the Lease numbers different with the Tech Package?

Michaell · October 2016

gwilkinson0918 said:
If my dealer gives different numbers...Can they put a cushion on Residual?

He just told me the lease numbers RV 49% and MF .00219 for 2016 Limited with Tech Package. 36/12k

Are the Lease numbers different with the Tech Package?

Dealer cannot modify the residuals.

Confirm the bank the lease is funded through - we only have the numbers for Hyundai Finance.

No difference in the numbers based on options or packages.

moodyhank · October 2016

Can I please get the 12k numbers for 24 and 36 month terms on the 2016 Sonata Hybrid Limited?

2016 Hyundai Sonata Lease Questions

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