PJ587
June 27, 2017, 2:51am
1
Hey all been going back and forth with a dealership for a Elantra Value edition 10k/36 Month lease. Here is the breakdown:
MSRP: $21,390
Discount: 2,180
Incentive: $3,500 (Hyundai, and Uber)
Acquisition Fee $595
Adj.Cap $16,625.84
MF .00114 (Can I do better)?
residual: 60%
Due at Signing: $935
Monthly payment (including 7% tax) $137.42
Couple of questions: Hyundai has a $500 down, we will match it incentive. Can I stack that with this? Can I do better?
The $500 BoostUp incentive requires you to be a member for 30+ days. But yes you can. Looks like a pretty great deal tho.
Phylum
June 27, 2017, 11:58am
3
I would agree. I’m at $115 with an MF of .00095 on my Hyundai Elantra Value lease so pretty good deal IMHO. Only thing that hurt me in VA were the high fees of all the dealers making drive off double what you mentioned.
PJ587
June 27, 2017, 12:37pm
4
dang thats good. I wish I could of got the 500 down $500 match incentive. Can you share your deal ?
Phylum - Would you be willing to share the dealer information with me and additional details on your lease structure. I’m located in Vienna, VA.
Here you go.
It was very easy to setup:
https://www.boostup.com/
Be aware that you can withdraw the money back into your checking account, but it can take up to two weeks according to the site.
He did on the forums already. Just search Elantra Value Edition thread…
Great deal and should put to rest anybody’s questions about “Leasing basic transportation as cheaply as possible”…
Ursus
June 27, 2017, 6:57pm
9
Everyone here wants luxury transportation as cheaply as possible, c’mon. Like E300 for $260/mo
Adz
June 27, 2017, 7:06pm
10
How easily is this repeated? I can’t get any Chicago area dealerships within $500 of this starting price ($19,210)
Shouldn’t be too hard…
I haven’t done a value edition but am working on a
mung35
June 27, 2017, 7:50pm
12
Are residuals similar on the Limited?
Adz
June 27, 2017, 7:59pm
13
A $960 dealer discount is very different to the $2,180 dealer discount PJ587 received.
Totally - we’re also on less car.
I’m just saying that the Elantra price is pretty low, to begin with.
If you can dip another $1,000 into an SE - you can probably match his price w/ less out of pocket.
1 Like
Adz
June 27, 2017, 8:12pm
15
Perhaps I am missing something, but a $960 dealer discount on a $19,110 MSRP is not a deal. Most dealers seem willing to take 5% off MSRP by just asking for their e-price.
I didn’t say it was a deal - I posted it for comparison.
This person hasn’t signed and I agree, there is more room in there.
I’m saying, if you can find a Hyundai dealer to go 2k back on an SE, you could match the value payment posted w/ less out of pocket.
.
My cousin was offered something similar. Value edition has 7-9% MSRP off for enough dealers. Remember he is using uber
Phylum
June 28, 2017, 10:51pm
18
Sorry I didn’t see the alerts!
Yes I’ll DM/PM you this evening.
Phylum
June 28, 2017, 11:22pm
19
Yup documented it here:
I got a quote from a dealer today for a $125.25/mo payment with $2728 ($400 cash down + $125.25 first payment & 2203.02 in fees).
[image] [image]
Since my car safety inspection expires at the end of this month, I took care of that to finish my Uber driver sign up and visited a dealership nearby on a whim. Turns out, they were able to improve the numbers: $115/mo with $2500 out the door ($115 first payment, $2122.42 in fees and the rest as a down payment). I sprang for excessive wear so there…
Happy to share more details via DM/PM.