2018 Hyundai Sonata lease

Ask the Hackrs
1

Year, Make, Model, and Trim: [2018 Hyundai Sonata Sport]
Package: None

MSRP: [$26,505]
Selling Price: [$24,505]
Rebates: [$1,500 dealer]
Trade-in: [$0]

Months: [36]
Annual Mileage: [10,000]

MF: [0.00104]
Residual: [56%]

Security Deposit: [$0]
Total Due At Signing: [$0], It’s included into the monthly
First payment ($377.89)
Monthly Payment: [$377.89]

Sales Tax Rate: [7.05%] Utah

They also said that there is an uber discount of $1,000 that can be applied, but these are the numbers without.
Is there anything else that can be done? This seems a bit high for a sonata.

2

Granted it is a 2018 model year and therefore there is not a lot of factory money on the hood, but those numbers are crazy. $377 is way too high for a Sonata Sport.

3

I just got off the phone and they offered $700 lease cash, and $1,000 uber discount with the monthly payment at $328/month.

4

2018 Sonata SE
MSRP: 23,110.00
Savings: 4,570.00 incl. Rebate ($2,500)
Vehicle Price: 18,540.00 Net After Rebate + Fees
Residual 56%: 12,942.00
Tax 8.25%

36 Months Down Payment
233.16 750
240.64 500
255.60 0

36MO. LEASE WITH 10K MILES PER YEAR, $0 DOWN, TTLF ALL ROLLED IN, WAIVED SEC. DEPOSIT, 1ST PAYMENT & PLATES ROLLED IN

I think I’m missing $500 on the rebates having a current Sonata lease and they have my taxes wrong right now, should be 7.25%. How’s this look to you guys? I couldn’t figure out if they’re high on the MF or not. Should be .0011.

5

location?
dmv fees?
did you run it through the calculator?
lease cash 2500
loyalty 500
mf 0.00110
res 56% for 10k
discount of 2070 is good
monthly seems high to me!

6

excludes dmv fee
excludes the 500 loyalty (for now)
i suspect additional fees being added somewhere…

7

Don’t forget Uber $1000 rebate. Some dealers will allow for lease and some won’t. Not sure why not as it’s no skin off their back. $500 BoostUP should also be used if possible. That can definitely be used with a lease. Is this an out of state lease? Why can’t they get your taxes correct?

8

Out of county lease and it’s a long story…

Lake County, Illinois
IL Doc Prep Fee $172.15
License/Title $236
Acquisition Fee $650

Plugged Loyalty and known fees in, here

And I don’t qualify for Uber or BoostUP.

9

lease cash of 2500 should not be taxable since it is not a retail incentive
loyalty of 500 is taxable

adjusted sheet and got 225/mo for 35 months (zero drive-off)
they are at 255.60 which is 30 higher

10

Thanks for the input! I’ll see what’s up with that.

11

Just a heads up if you can wait a week, that’s all Uber takes to get into their system. It’s pretty quick. BoostUP normally requires 30 days but there’s a way to mess with the date on your phone I think to make it seem 30 days. Still think you have to wait 5 days. Or some people will allow you to use your BoostUP account. Not exactly sure how but both have been done to enable BoostUP sooner. If that dealer accepted both, that’s $1500 right there off your lease. Expert mathematicians can show your new payment with those 2 discounts. If you need to buy asap, then totally understand.