I am trying to negotiate a deal based on the current 2025 Santa Fe Hybrid lease deal that gives it a 64% residual after 36-months with .00229MF.
Here is my lease calculator for my target deal. Dealer is currently at $634 which I estimate to be 7.5% off MSRP. For a cash deal the dealer was offering me $6,000 off MSRP, but is not currently willing to apply that to a lease deal.
The dealer was focusing on the Monthly payment so I told them if they do $569 with no money down except DMV fees I will be in to pickup the car tomorrow. Me trying to explain how I got to that number to the sales person sounded like it was going over his head.
Also, I know the Infinity QX-60 lease deal for a vehicle that is $10k more appears better, but when you add in additional fuel, insurance, and having to pay fees again in 27-months, the Santa Fe makes better financial sense (AI helped me figure that out)
Hyundai is providing $2,250 lease cash for 2025 models and $250 for 2026 right now. The residual is slightly improved. The other factor is that 2025 includes 3-years of maintenance and they discontinued that on 2026 models. That is worth ~$500.
This is the final deal(Calculator) I got and I will explain why it makes sense to me compared to QX-60 (or other vehicles I could have considered). Once everything is signed I will post to deals to help out others.
-Insurance cost is $500 less per year
-Estimated gas cost is $600 less per year based on our typical mileage
-It includes a factory tow hitch for our bike rack (I was going to have to install an aftermarket myself)
-It has factory Pirelli Scorpion MS tires (good for Northeast weather) so hoping I don’t need to swap them out during the lease
-More technology and features than the Infinity QX-60