Strangely enough, HMF re-adjusted the residual values for almost all of their cars. They also adjusted the money factor too. Some when up, while others came down. It’s a mixed bag if you ask me. The downside is that some cash incentives are no longer available, so I’m not sure I like the “improved” residuals and money factors on some models.
If you are leasing a Sonata, please note the $1500 cash is no longer available. Only the $500 loyalty cash is there now. That’s actually not that great because the $1500 that was originally there was fantastic. Now, please take my sample calculations below with a grain of salt. The sale price is based on March sale prices, so I would definitely try to knock off another grand or so to bring the payments closer to last month’s level.
I am being old that the $1500 lease cash is still around. I don’t see it on Edmunds.com, but it may very well be there. I recommend asking for it and see if you can get it. For all intents and purposes, I won’t be adjusting my calculation below. However, I do recommend taking that extra cash into consideration when crunching your own numbers. Specially if the dealer is willing to honor it.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2012 Hyundai Sonata SE 2.0T
MSRP – $25,520
Sale Price – $23,680 ($500 loyalty cash applied)
Monthly – $303+ tax
RWG Rating – 85.5
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2012 HYUNDAI ELANTRA GLS AT
36 Month – Residual 61% of MSRP – .00207 Base Rate
2012 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 55% of MSRP – .00127 Base Rate
2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 54% of MSRP – .00154 Base Rate
2012 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 57% of MSRP – .00203 Base Rate
2012 HYUNDAI SANTA FE AWD GLS
36 Month – Residual 51% of MSRP – .00177 Base Rate
2012 HYUNDAI SONATA GLS AT
36 Month – Residual 56% of MSRP – .00130 Base Rate
2012 HYUNDAI SONATA SE 2.0T
36 Month – Residual 57% of MSRP – .00130 Base Rate
2012 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 54% of MSRP – .00186 Base Rate
2012 HYUNDAI TUCSON AWD GLS
36 Month – Residual 55% of MSRP – .00202 Base Rate
2012 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 55% of MSRP – .00111 Base Rate
G,
$1500 lease cash on sonatas is still available, both on 2012 and 2013 models.
Max
Thanks for chiming in. I will update the post.
So, is the $1500 Conquest Cash available with the $500 Bonus Cash on the lease? Also, did you know about the down payment matching for opening a Motozuma account. I know you are not a fan of down payments on a lease but what about in the case of $500 matching? Thanks!
rick. i haven’t heard about motozuma before. seems like an interesting concept, but one has to wonder how they are matching your down payment. Like, where does the money come from? I’m not 100% against down payments. I think in small amounts, it not too horrible. But when people put thousands of dollars, I think that money is better spent as MSDs. In any case, if you can get an additional $500, I think it it makes sense. But I would look into this service in more detail to see how money is made. I’m skeptical of new gimmicks people come up with to sell you a car.
I just read over the fine print…
Hyundai will be offering a dollar for dollar matching incentive up to $500 for a consumer that buys a new 2009 – 2011 Hyundai with their Motozuma account.
This won’t work on a lease.
Thanks for your hard work G!
You’re welcome! I thought it was kind of funny how it says NEW 09-11 Hyundai…how’s a 09 thru 11 model new? LOL
I take the 54%/.00186 for a 2.0T Limited is 36 months at 15k miles a year? Just want to confirm. Having issues getting these numbers from dealers!
That is correct.
Rick,
Bonus cash and lease cash cannot be combined as bonus cash is for purchases only. As for motozuma matching down payment, it can be used towards lease or purchase, as long as u had ur motozuma account for at least 30 days and ur local dealer participates in the program.
Max
That helps too Max! I was digging a bit more and the Motozuma matching has been extended to include 2012. They haven’t changed it on the front pages of the site but it is buried in a press release. I am looking to lease a new Genesis but not much budging from Las Vegas dealers and finding a base model is proving tough. I may just wait but I openend an account last month just in case.