Hello All…
Looking at this deal looking for any room for improvement.
2019 Hyundai Kona Ultimate(Florida)
Term-36 months
Mileage-12000
Down Payment-$2,000.00
Est. Cash Due at Signing-$2,181.81
Est. APR-3.82% for 36 mo
Est. Money Factor-0.00159
Residual Percentage-54%
Residual Value-$15,700.50
Est. Lease Payments
Monthly Payment Before Taxes & Fees
$181.81/mo
Taxes & Fees
+$50.73/mo
Total Monthly Payment-$232.54/mo($307.21 with Zero down)
Would love to get it @ $232 with zero
Edmunds is going to provide what the RV/MF/incentives currently are. You’re not going to be able to get better. Dealers will quote higher MFs/include incentives in discounts sometimes, which is why one should always start by verifying with the Edmunds model specific forum for the specific trim in their zip code.
Trying to plug into the calculator but feels off.
What am I missing or incorrectly plugging in?
EDMUNDS
Est. Lease Payments $233/mo
Cash Due at Signing $2,182
Estimated monthly payment and cash due at signing Include taxes and fees. Estimates valid through 01/08/2020.
Your Edmunds Deal
MSRP $29,075
(Includes Destination Fee of $1,045)
Est. Savings -$2,134
Edmunds Suggested Price(Before Rebates)
$26,941
2019 Hyundai Kona Special Financing expires 01/07/2020
-$3,750
2019 Hyundai Sales Event Cash expires 01/07/2020
-$500
2019 Hyundai Military Program expires 01/07/2020
-$500
Edmunds Suggested Price(After Rebates)
$22,191
Est. Taxes and Fees
Based on Zip Code 33607
Taxes
$676.41
County Tax
$96.63
State Tax
$579.78
Government Fees
$362.75
Title Fee
$77.25
Registration Fee
$257.50
Miscellaneous
$28.00
Dealer Documentation/Processing Fee
$75.00
Acquisition Fee
$650.00
Your Terms
Term
36 months
Mileage
12000
Est. Trade-In Value
$0.00
Down Payment
$2,000.00
Est. Cash Due at Signing
$2,181.81
Est. APR
3.82% for 36 mo
Est. Money Factor
0.00159
Residual Percentage
54%
Residual Value
$15,700.50
Est. Lease Payments
Monthly Payment Before Taxes & Fees
$181.81/mo
Taxes & Fees
+$50.73/mo
Total Monthly Payment
$232.54/mo
The Edmunds calculator and such is useless. You need to go to the model specific forum and post asking for RV/MF/incentives for the trim you want in your zip code
@joeblogs@mllcb42 thanks… will try this approach… trying to get this situated so I can pick up this car for my wife asap… If I can pick this up to tomorrow on a good deal …happy wife…well we know the rest
I feel like I’m close:sunglasses:
@mllcb42
Sidebar–So this will only be the 2nd lease in my 30 yrs of driving. 1st was 2003 MDX touring w/navigation(great suv for the time). Everything before, after and in-between was financed or cash. This leasing is still a new experience for me.
So I found this 2019 Kona through Edmounds and selected lease and these are the numbers that populated the fields including these incentives(under the impression that the incentives are based on the info I’m providing are correct and time sensitive) The assumption being that it’s correct being a 2019 sitting in the lot for just under a year and ready for them to move for the 2020’s
This is the actual screen shot
I’d ignore everything on Edmunds except for what is posted in the 2019 Kona thread in response to your post asking for RV/MF/incentives for the lease terms you want and your zip code. You need to get that info before you go any further.
I’ve run it multiple times and get the same result .0059 and 54% I checked the exact year and model for the whole state and the .0059, 54% is the same. Monthly varies by about $20 per month. This one being the better priced one.
Post your question on the Edmunds forum I linked above. Just reading some previous responses leads me to believe the MF in your case should be somewhere between .0014xx and 0.0016xx. I think your discount is out of whack as well - I can’t see the Hyundai dealer discount the car almost 24% prior to incentives.
Looking at this offer, and would like to know where I can ask the dealer to improve the numbers. This is Kona SEL 2020
Term-36 months
Mileage-10000
Down Payment-$2,499.00
Est. Cash Due at Signing-$1846.00
Est. APR-3.65% for 36 mo
Est. Money Factor-0.00152
Residual Percentage-44%
Residual Value-$19356
Region : Northern California