Long time lurker and infrequent poster that just wanted to say thank you as this forum has been super helpful in my lease deals and selling my leased cars for over residual when possible. My 2018 Sonata SE lease was due this May and Carvana offered me $3,500 over the residual value and remaining payments so I jumped at the opportunity to unload it. It also gave me an opportunity to snag one of the few remaining 2020 Sonatas left on the lot at my local Hyundai Dealership (Ettleston Hyundai) at a higher trim level than I would have otherwise gone with on the 2021 model year.
Year, Make, Model, and Trim: 2020 Hyundai Sonata SEL with convenience package
MSRP: $28,700
Selling Price: $26,189 (8.75% off MSRP)
Monthly Payment: $248 ($268 w/tax)
Drive-Off Amount: $0
Months: 36
Annual Mileage: 10K
MF: .00087
Residual: .59
Incentives: $3,250 lease cash
Region: IL
Leasehackr Score: 9.9
Leasehackr Calculator Link: leasehackr.com/calculator?make=Hyundai&miles=10000&msd=0&msrp=28700&sales_price=26189&months=36&mf=.00087&dp=0&dealer_fee=85&acq_fee=650&taxed_inc=3250&untaxed_inc=0&rebate=0&resP=59®_fee=400&sales_tax=8.25&demo_mileage=0&memo=&zero_driveoff=true&monthlyTax_radio=true&bmw_demo_25=true
Carvana is picking up my old one on Friday morning and I’m picking up my new one on Friday night. Thanks again everybody for sharing all your knowledge here. It’s very much appreciated!
