I emailed a couple of Hyundai dealerships around me and got the following response from one of them. This is my first lease and wanted to check if I got a good deal.
2018 Sonata SEL
MSRP: $24,880
Selling Price: $22,250
Incentives and Rebates:$1,000
Taxes, Registratiosn, and Fees: (see details below)
Residual: 54%
Months/Term: 36 months
Miles/year: 10k a year
Money Factor: .00058
Sercurity Deposit (if applicable, how many): $199
Monthly Payment with 0 down: $284 plus tax
2017 Ioniq SEL
MSRP:$25,085
Selling Price: $23,335
Incentives and Rebates: $1,750
Taxes, Registratiosn, and Fees: (see details below)
Residual: 53%
Months/Term: 36 months
Miles/year: 10k a year
Money Factor: .00031
Sercurity Deposit (if applicable, how many): $199
Monthly Payment with 0 down: $308 plus tax
I emailed a couple of Hyundai dealerships around me and got the following response from one of them. This is my first lease and wanted to check if I got a good deal.
And can someone please explain the 1% rule. Thank You.
The 2018 Sonata SEL with Tech Package
MSRP: $25,905
INVOICE PRICE: $24, 860
SELLING PRICE: $23,780
MF RATE:.00110
RESIDUAL AMOUNT: $13,988
MILES/YEAR: 12,000
MONTHS: 36
ACQUISITION FEE: MONEY DOWN- ZERO
DMV FEES: LESS THAN $200 TO TRANSFER PLACES AND LESS THAN $300 FOR NEW PLATES
MONTHLY PAYMENT: $289
TOTAL DUE AT SIGNING:
1ST MONTH+ TAX= $1,328.23
FYI: I was getting a quote of mid 200s sign and drive for Sonata SE 2018 with msrp around 23-24k in Wayne, NJ.
Was like 2k down and 199/month for 36/10k miles which results in 254/month if everything rolled in monthly payments.
