Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00163 and 52%
$1750 lease cash
$500 bonus cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
May I have the latest numbers for 2020 Elantra Limited (Ultimate) 36/12,000 for 98108 (Seattle, WA).
Happy New Year!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$2500 lease cash
$500 bonus cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Looking for RV, MF, and incentives for 36/10k in 92115 on 2020 Elantra
SE, SEL & VALUE EDITION
Thanks!
SEL - .00116 and 53%; $3000
Value - .00117 and 55%; $2750
$500 bonus cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I know these offers expire on January 6. Do we have any indication if the post Jan 6 offers will be better or worse?
Comparing my lease of a 2017 Elantra Lim Ult to the same for 2020.
MF in Jan 2017 was .00047 (1.13%), Prime Rate 3.75%
MF in Jan 2020 is .00127 (3.05%), Prime Rate 4.75%
That's a 1.9% increase during a time when interest rates have only gone up 1%. Seems like HMF is a bit stingy this year. (I'm in the midst of a lease negotiation by email. Dealer currently offering .00167 which I've told them is UNacceptable.)
Hyundai/Kia changed up their lease programs a couple of years ago.
Instead of discounting the money factor, they started charging market rate money factors, and adding huge incentives to make up for it. (I'll guess the incentives are a lot higher now, than three years ago).
In the end, they still have the same semi-crappy lease programs, it's just harder to put a handle on the whole program, without running all of the numbers. (which may be why they did it)
Hyundai allows dealers to markup the rate by .00040, max.
Of course, you should refuse that
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Value: .00142 MF and 53% residual. $2500 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I ended up leasing from the dealer with the lowest TrueCar price who happens to be the same dealer I leased my last two Hyundais from.
Since I started leasing in 2012 (and using Edmunds for lease data), I have a spreadsheet that I use to compare lease deals. Based on the sum of the Depreciation Fee, Rent Fee and Sales Tax equations, it's always about $30-$40 shy of what the out the door lease looks like. That's a bit frustrating, so this year I rebuilt my spreadsheet to look and calculate just like the yellow Lease Agreement form used in Washington. Using data from Edmunds, TrueCar and my previous leases, I was able to come up with a set of target values for this year's lease agreement. I took my laptop to the dealership and fed in the values they had before signing anything. I was able to spot one $500 lease cash error on the dealer's part. (Always wonder if these omissions are intentional). Once all was said and done, the dealer's out the door values were $1.50 less than what I had modeled on my own! (Lucky for them I only do this every 3 years).
Here's the data from my 2020 lease. I'm also including the 2017 data for the same make/model/trim for comparison.
2017 Elantra Limited Ultimate
MSRP: $27710
Agreed Upon Value:$26990
Net Cap Cost: $25706
Depreciation: $11255 (based on 54% residual)
Rent Fee: $679 (.00047 MF)
$1000 Down (Title and 1st Month payment)
Total Payment with 9.8% SalesTax: $365.01
2020 Elantra Limited Ultimate
MSRP: $27330
Agreed Upon Value: $24894
Net Cap Cost: $23261
Depreciation: $8776.40 (based on 53% residual)
Rent Charge $1725.88 (.00127 MF)
$1000 Down (Title and 1st month payment)
Total Payment with 10% Sales Tax: $322.95
I always opt for the Hyundai Wear & Tear waiver ($900 option) and factor that cost into my pricing from the start.
One can definitely see the difference between the MF/Lease Cash offers of '17 vs '20. This year was a much better deal overall.
But, glad that you were able to tie out the math with the dealer, and that the dealer was willing to be transparent with you about it.
Congrats, and enjoy new new Elantra.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$3000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$4000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Limited - .00156 and 52%; $2250 lease cash
Value - .00169 and 53%; $2000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00169 and 53%
$2000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$4000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Any loyalty offers?
$3250 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$2000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$3000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Would anyone be able to provide the MF, RV, and current incentives for a 2020 Hyundai Elantra, both SE and SEL models, for 36/12 in zip code 28134?
Thanks so much!
SEL: .00165 MF and 52% residual. $2000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$2000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$3000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$3250 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00137 and 49%
$2500 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you!
$3000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you.
SEL: .00116 MF and 52% residual. $3000 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
36/10k & 39/10k ZIP Code 33027.
Thanks!