Hyundai Tucson Plug in Hybrid, is this deal good or not?

Ask the Hackrs
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1

how is this deal, its at a Hyundai in Minnesota?

2024 Hyundai Tucson Plug in Hybrid

The MSRP/ market value is $41, 185

Their selling price after discounts is $36,399

Its $398 to sign and drive with zero dollar down payment

The residual value they said is 65% of MSRP and its $26,770.26

My lease pamyents, $398 * 36 months = $14,328- total lease payments

my lease payments is less then residual value —> $14,328 < $26,770.26

And total value of residual + total lease payments is

$14,328 + $26,770.26 = $41,098.26 total money spent

And that only $86.74 below MSRP($41,185),

is this a good deal or not?

They claimed to not know what the money factor is and said its zero lol.

I plan on to buy it later FYI, how is this deal.

Frist time leasing, so I hope my numbers make sense.

2

For whatever reason Hyundai hasn’t done much work to move these. For $6 you can become a Super Supporter and figure out what rates and rebates they should be offering you on this. However, that doesn’t mean it’s a competitive deal with other PHEV two row SUV options.

4

In general the most compelling case to lease something with the intent to buy it out is to capture a large incentive that isn’t available on a purchase, and in those cases the purchase is made immediately after lease inception.

Plus there are very few vehicles where this is a recurring recommendation. I don’t think this is one of them.

5

These things don’t mean anything. What is the point you are trying to make?

Become a Supporter. You need to know Money Factors without ever asking dealers.

And the MF can determine whether you are better off buying out the lease sooner or later.

6

A lot of things missing here. What’s the terms, how many miles? What’s the trim? Your tax rate?
I am assuming it is the Limited trim with 36/10. That payment seems pretty low, so I would be a little skeptical. Maybe they have some DAS in there. From what I remember, the MF is .00161 (APR: 3.86%).

If the MF is low enough, it might make sense to lease now and buy later. But usually it is better to just do an immediate buyout. The reason to lease and buyout is to capture the incentives but Hyundai only offers $2250 in incentives on this car so not a lot to capture through the lease and buyout route. I would assume it would be easier to just finance this car rather than do a lease and buyout. You can do the lease vs finance math and see which is the cheaper route.

7

Just to add to this, OP, if you try to fill out the calculator, that would be helpful in obtaining feedback.

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