So, this took several weeks of back and forth with many different dealers and some frustrations.
I actually negotiated a similarly aggressive deal on RWD SEL but 3 cars sold under me before I could drive to sign the lease. Leasehackr has a great comparative resource so thanks to everyone who contribute to this awesome community!
Ultimately, because I couldn’t find a dealer with a 2023 SEL RWD in inventory with the color I wanted and that was willing to come close to my numbers, I went back to one of the dealers that was great to work with and got to my numbers on the RWD one but sold it before I came to sign.
I was able to find an AWD in their inventory with higher MSRP but applying the same % discounts and MF we were able to close a deal. I strongly recommend that dealer. They are BS free, communicate quickly, and willing to make deals. I had so many other dealers tell me “we can beat any deal” and waste my time with ridiculously high numbers.
This, along with some of other deals published by other members here prove that there are good deals to be made and dealers that are still great to work with and really want to sell cars.
Since many ppl asked and it’s getting repetitive in private replies -
The deal was Hyundai Inland Empire. It’s actually on the lease contract so you can view it.
I got similarly aggressive pricing from Hyundai Tustin and Hyundai Temecula on RWD SEL but the cars sold before I managed to get there ($49.2k base MSRP) after that they only had higher $52k MSRP RWD SELs which I didn’t feel was justified to pursue considering the the $53.2k base of AWD SEL.
I also got a decent deal ($3500 off MSRP) from Hyundai in Carslbad for RWD SEL ($49.7k) but they wouldn’t comp all of the add-ons (protection crap…) so I decided not to go with that one.
some of my tips:
- Don’t be afraid to look at dealers within ~2 hours drive (but don’t do out of state leases, these are a huge hassle in CA registration, etc.)
- Go to local dealers, test drive the cars you’re considering and walk away.
- Negotiate the deal via phone/email/text. Don’t waste your time sitting in a dealership with first pencils, and crap.
- Make sure you have clear, in writing offer of total out of pocket at signing including all taxes, fees, reg. and first month’s payment. Dealers love to use “down payment” and what’s included in that varies by dealer. Make sure you get a clear in writing term, (24 months, 12000 miles annually).
Make sure you have the monthly payment inclusive of taxes. Give the dealer your zip and they can calculate it for you. - Don’t run any credit checks with anyone until you have a hard-numbers offer that you’re willing to close on.
- When you have a deal you like - move fast. Get the credit app done and drive to the dealer to close the deal as soon as you can.
- Don’t get frustated. It’s work to get a good deal, sometimes you win, sometimes you lose (waste time). Remeber - you only need to succeed once to get the car you want for the price you’re aiming for.
- Don’t be afraid to walk away from a deal. If you don’t want “protection packages” or there’s some other ridiculous last second add-ons and fees, just walk away. If you get a written clear confirmation of hard numbers - that’s what you’re willing to close on. Anything else is a “bait and switch”.
- Use the forum and other tools here as resources to understand what’s possible.
- Dealers will only try to maximize their profits. They will tell your they’re losing money on the car. 99% of the time it’s a lie. Many of the discounts/incentives actually come from the bank/finance company.
Good luck hunting!