2020 Hyundai Kona Unlimited

Ask the Hackrs
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1

Hi, below is an offer that I have received for a lease on a 2020 Hyundai Kona Ultimate. 36 months, 10,000 miles.

MSRP $30,380
Your Price $27,953.30
Rebates/discounts: -$3900 (New Grad $400) (Elgin Hyundai Discount of $834)
Updated price: $24,053.30
Tax: $1072
Acquisition Fee $650
IL doc fee: $300
Plate/title/regi $341
Residual 59%
money factor .0015200
due at signing: $299
lease payment: $299

60561 Zip

Thoughts on this deal? First time car buyer so looking for any and all help. Thanks.

2

No discount past the rebates?

4

Just updated to show that I did receive a $400 new grad discount.

5

Any breakdown on the discount/incentives, funny how it’s exactly $299…

6

The monthly price before the $299 was $314. That did not include the new grad discount. I will send a follow up email asking for a breakdown of the rebates/ incentives.

7

Ok the Hyundai National offer is $2750 , you are getting $400 (I do not see this anywhere on the hyundai site)
And you are getting 834
That should be 3984 but you are only getting $3900.
So I suspect the $400 and the $834 are both coming from the dealer
So ask them for the missing $84

8

I will ask. Thanks.

9

Wondering if you could help me out with this updated lease info. Thanks in advance.

2020 Hyundai Kona SEL FWD MSRP 25050

discount -$1967.83

rebate: - $3150

tax: $916.95

Plate/title/ reg $341

IL doc: $300

residual: 57%

Money factor: .0012800

10,000 annual miles

lease payment: $265
due at signing: $265 for first payment

or if I wanted to get the Ultimate trim

MSRP $30,380

Your Price $27,953.30

Rebates: -$3500

Updated price: $24,053.30

Tax: $1072

Acquisition Fee $650

IL doc fee: $300

Plate/title/regi $341

Residual 59%

money factor .0015200

due at signing: $281

lease payment: $281

Since its only a $16 a difference per month should I just go with the ultimate?

Lease would be for 36 months, 10miles a year. Chicago Suburbs.

First time leaser so any help would be greatly appreciated thanks.

10

$16? I would go with the Ultimate. The 20% extra Horsepower is noticable.

Since the residual is 59%but a MF of 152 I am assuming they are going with a non OEM Finance as HMC has it at 59% but a lower MF, Ask them to reprice it with Hyundai finance, their residual and MF are better and see if you can make off better.

You are getting a total of $6300 off retail, so that’s nice. (I still can’t figure out where the $3500 is coming from)

Edit : Wrong finance company. And wrong Residual

11

Appreciate the response. I will send an email asking for the refinance with Hyundai finance.