Hi Folks - would love some feedback here. I tried to walk the dealer down as best I could. Here’s where we stand. What do you think!?
MSRP $41,030.00
Total Discount $1,930.00
Adjusted Sale Price $39,100.00
Capped Fees (Doc, Reg, Tags) $3,617 (est. incl. doc, reg, non-tax fees)
Santa Fe Negative Equity (Rolled In) $2,158 (rolled into cap cost)
Tax (Post Trade-In Credit) $1,008.00
Total Cap Cost (Financed Amount) $44,247.00
Money Factor (MF) 0.00246
Lease Term 36 months
Residual Value $29,542 (72% of MSRP)
Monthly Payment (All-In) $590.00
Total Lease Cost (36 Months) $21,240.00
Zero reason to pay for this when you can get a palisade SEL / SEL prem for the same money.
1 Like
Thanks – we prefer the Telluride look. What’s your take on the deal structure, given that there is a trade in involved as well.
I leased a better spec’d EV9 worth nearly double that, at a little over half that, so it looks like an impossibly bad deal from that POV.
Have you looked at what it would cost to buy? They hold their value pretty well, are you sure your total cost of owenership over 3 years wouldn’t be less going down that angle?
EV9 is an…EV
Telluride S is an…ICE
Not really a good comaprison
max_g
April 16, 2025, 2:38pm
6
Same advice as this deal.
It’s a three-party transaction involving a dealer selling a car to a bank and the bank leases it to you.
Not all terrible leases result from a dealer ripping a customer off. A lot of terrible leases result from customers willingly accepting terrible terms from the bank. Which is what you’d be doing if you signed this lease.
This is a car selling for $47k. How do you benefit from spending $585x47 + $5,000 =$32,495.00 to rent it, turn it in and start all over again?
This is the opposite of l…
It helps to highlight what a terrible deal it is for a $36,000 vehicle…
Paying $21,000 to lease a $36,000 care for 3 years is terrible decision
max_g
April 16, 2025, 9:21pm
8
My takeaway from that comment would be that hacked leases are great; unhacked leases are a great waste of money.
1 Like
spoken like a true troll.
You know the difference between apple and oranges