Purchase not a lease but I figured I would post my deal. I plan on keeping it for a long while.
2020 Hyundai Palisade SEL
MSRP: $38,690 (addition of leather)
Infiniti Lease 6 months left and already over the mileage (3,000 miles at .25 a mile). Also an accident damaged the rear bumper that was never fixed (not significant but will need new bumper). Hyundai took it the way it sat and I added the rest of the payments to the deal which was $2700.
Effectively $41,390 was the starting price here.
Selling price: $37,089
Dealer doc/reg/tag/service fees: $1850
Tire/wheel protection, tints, extended electrical warranty to 72 months, protective coating interior/exterior: $1900 (UPDATE: I cancelled this and will be refunded the $1900)
Sales tax/county tax: $2350
Interest rate: 2.19 at 72 months
Payment with 7k down: $538
My payments are deferred for 3 months. Not sure how that really works because the contract starts 9/28/2020. Where is that $1500 worth of payments? Either way for a hot car with most dealers giving little to no incentive and my situation I think I got a pretty good deal.
I haven’t seen anyone top 10% pre-incentive on one of these. Ceiling usually is around 7-8%. With Hyundai scaling back production on these due to supplier issues, I don’t see this getting better anytime soon either.
Also, don’t forget to get the $250 post sale rebate from bonus drive.
If they haven’t bought the car from you and end up returning to Infiniti then you might get a bill from Infiniti for the damaged bumper. Happened to me when a Lexus I traded-in ended up being returned by the dealer to the manufacturer…
This is killing you. May I ask why you opted in for all of this? Also you are definitely going to get charged for the bumper when the car is returned. There is no way around that. Did the Hyundai dealer imply otherwise?