Input Needed! Is the math right?

Ask the Hackrs
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1

Looking to lease a 2024 Santa Fe Limited. For reference I currently have three payments remaining on my Honda lease (amounts to $969). Here is the current offer for 10/36

MSRP: $46,755
Adjusted Price: $39,899.58
Remaining lease payments rolled in: $969

Total purchase: 40,868.58
Taxable fees: $160.00
Doc Fee: $400
Tax: $90.18
Non Tax Fees: $650

DAS: $2,000
Monthly Payment (including tax) $467

***I really do feel more comfortable with 12/36, but the monthly payment goes up to $507. I feel like that is a big jump. Thoughts? Is the math adding up here? Is this a good deal? Sorry, I have been crunching numbers for weeks and my brain is fried!

2

You would have to look up and verify the lease program information using RateFindr or Edmunds search, including money factor, residual value, and rebates/incentives. From there, post your best attempt at your calculator.

I’m not sure the Santa Fe is a vehicle that leases well, and likely makes more sense as a buy. With that said, if you’re flexible, there are other similarly sized PHEVs (assuming you don’t want an EV) which may give more bang for the buck given extra lease incentives (see Mazda CX-70/90, and perhaps the Sorento PHEV).

3

Post a link to your best attempt at the calculator