Hyundai Kona EV lease offer for Dec; need calculator guidance

Newbie here. Hyundai just posted this lease offer on 2020 Kona EV. I’ve gotten the MF/RV from the Edmunds forum (yesterday, before this offer became available).

For 2020 Ultimate trim:
36 month/10K
.00109 MF and 44% residual
$7500 lease cash

I’m waiting to hear back from Edmunds on updated MF numbers, but in the meanwhile I’m trying to update the calculator to see if the MF has changed, but am stuck (due to inexperience). Any guidance would be appreciated!

$349 per month for 36 months with $3,899 due at lease signing

Lease Offer
Closed end lease for 2020 Hyundai Kona EV available from 12/3/19 through 1/6/20, to well-qualified lessees. Offer valid only when financed through Hyundai Motor Finance. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Offer shown based on $3,899 due at lease signing (includes $349 first payment and $3,550 capitalized cost reduction in addition to $400 Dealer Contribution). No security deposit required. MSRP $38,045 (includes destination, excludes tax, license, title, registration, documentation fees, and cost of optional equipment). Third-party fees vary by state or locality. Net capitalized cost of $27,245 includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Lessee responsible for insurance, maintenance, and repairs. Monthly payments total $12,564. Option to purchase at lease end $17,500.70 plus tax and purchase option fee. If not purchased at lease end, Lessee shall return vehicle and pay disposition fee, as well as $.20 per mile over 10,000 miles/year, and excess wear and use charges. Purchase option and disposition fees apply except where limited by applicable law. Must take delivery of new vehicle from dealer stock by 1/6/20.

This is all you need to know to know it isn’t a great deal

1 Like

True, I’m sure it’s not great. But if this is the car I want, I’m trying to figure out how the lease numbers look so I can make an informed decision about buying vs leasing.

Wouldn’t you be better off determining what a good deal was for that comparison rather than using an advertised special that generally will have lots of room for improvement?

Fair point…time for me to reach out to some brokers. Though I would still love some guidance as to how to work the calculator with this example. Learning to fish. :slight_smile: Thank you!

well, post up your calculator that you’re having trouble with and we can try to help steer you in the right direction.

1 Like