Hyundai has not changed the rates from January. Many incentives are available, specially for the Sonata (we are talking Loyalty, Conquest, Military and College Grad).

On the VW post, I alluded to the fact that my Sonata has not held up too well in terms of interior wear and tear. The car is about 22 months old and it has had it’s shares of squeaks and scratches. The interior materials are not horrible, but I have a huge issue with the steering wheel. The Sonata’s steering wheel composed of leather, soft-touch plastic and a “grippy” rubberized surface near the steering controls (hands-free and the trip computer buttons). This rubberized surface is very prone to scratching, which makes it a very bad material to use on a place where nearly 100% of the time, you hands, nails & rings must make contact with it. As you can imagine, mine has its fair share of scuffs and it is really unsightly. Apparently, I am not the only person experiencing this. Mine looks pretty close to the one posted on those forums. It is likely that this will be my last Hyundai for a while.

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2013 HYUNDAI AZERA SEDAN
36 Month – Residual 55% of MSRP – .00136 Base Rate

2013 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 54% of MSRP – .00132 Base Rate

2013 HYUNDAI SANTA FE SPORT AWD
36 Month – Residual 58% of MSRP – .00119 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 61% of MSRP – .00081 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 55% of MSRP – .00081 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 55% of MSRP – .00110Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 56% of MSRP – .00067 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 57% of MSRP – .00109 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 55% of MSRP – .00146 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 53% of MSRP – .00053 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 55% of MSRP – .00033 Base Rate

Honestly, I was expecting worse, but they actually look half-decent. Pretty much the standard/expected reduction in residual and money factor we’ve come to expect as time goes by. Edmunds’ is not showing incentives for Hyundais on their website, so either they aren’t giving out any this month or Edmunds hasn’t posted any. Check with your dealer, I wouldn’t be surprised if there are a few hundred laying around for current customers.

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2013 HYUNDAI AZERA SEDAN
36 Month – Residual 55% of MSRP – .00136 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 54% of MSRP – .00132 Base Rate

2013 HYUNDAI SANTA FE SPORT AWD
36 Month – Residual 58% of MSRP – .00119 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 61% off MSRP – .00082 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 55% of MSRP – .00081 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 55% of MSRP – .00110 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 56% of MSRP – .00067 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 57% of MSRP – .00109 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 55% of MSRP – .00146 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 53% of MSRP – .00053 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 55% of MSRP – .00033 Base Rate

Here are December rates. Numbers are not completely horrible even if the MF is a bit high, the higher residual seems to help a lot. There is some cash available on most models so make sure you inquire about them to see if you qualify.

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2013 HYUNDAI AZERA SEDAN
36 Month – Residual 55% of MSRP – .00137 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 55% of MSRP – .00151 Base Rate

2013 HYUNDAI SANTA FE SPORT AWD
36 Month – Residual 61% of MSRP – .00170 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 64% of MSRP – .00138 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 56% of MSRP – .00161 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 58% of MSRP – .00157 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 59% of MSRP – .00123 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 60% of MSRP – .00133 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 56% of MSRP – .00142 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 57% of MSRP – .00113 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 56% of MSRP – .00058 Base Rate

Looks like Hyundai revised their rates a bit. I didn’t expect rates to change this month, but it looks like residuals have dropped so Hyundai had to drop the money factor too. Shouldn’t be a huge chance from last month in terms of payments though. I’m eagerly anticipating the Holiday season. I am hoping for big things. BTW, the Santa Fe is out and it look GREAT!

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.

2013 HYUNDAI SONATA SE 2.0T
MSRP – $25,670
Sale Price – $23600
Monthly – $280+ tax
RWG Rating – 90.9

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2013 HYUNDAI AZERA SEDAN
36 Month – Residual 55% of MSRP – .00137 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 55% of MSRP – .00070 Base Rate

2013 HYUNDAI SANTA FE SPORT AWD
36 Month – Residual 61% of MSRP – .00170 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 64% of MSRP – .00138 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 56% of MSRP – .00161 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 58% of MSRP – .00157 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 59% of MSRP – .00123 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 60% of MSRP – .00133 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 56% of MSRP – .00142 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 57% of MSRP – .00113 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 56% of MSRP – .00058 Base Rate

Pretty much usual residual and MF drop I expected. For those of you who are new, expect most lease rates to change every other month. Typically, Sept/Oct remain the same and Nov/Dec is when the special Holiday promos go into effect. Leasing used to be much better during the Spring/Summer time some years ago. Now, the deals are typically found during the Fall/Winter season. I expect the residuals/mfs to drop one more time before we close out the season.

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.

2013 HYUNDAI SONATA SE 2.0T
MSRP – $25,670
Sale Price – $23346 (lowest TrueCar sale price, likely includes $500 loyalty cash)
Monthly – $281+ tax
RWG Rating – 90.6

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2012 HYUNDAI AZERA SEDAN LIMITED
36 Month – Residual 52% of MSRP – .00070 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 53% of MSRP – .00107 Base Rate

2012 HYUNDAI SANTA FE AWD GLS
36 Month – Residual 49% of MSRP – .00160 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 65% of MSRP – .00178 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 57% of MSRP – .00179 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 58% of MSRP – .00157 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 59% of MSRP – .00150 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 60% of MSRP – .00156 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 56% of MSRP – .00163 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 58% of MSRP – .00113 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 58% of MSRP – .00093 Base Rate

Other than the Azera getting a MF drop, everything stays the same. Took my Sonata in for warranty work this morning and got a chance to talk to my sales guy. He’s been saying the Sonata SE Turbo is pretty rare these days (in CA at least), so they are marking it up $1000 over MSRP. Silly isn’t it? That got me thinking, it might be a good time to trade my Sonata in…Tempting. Anyway, I spent some time checking out the Azera and it really impressed me. It’s VERY plush and the interior materials are high-grade. It even has rear seat warmers and shaders, standard. Navi, standard as well. The only upgrade is a $4000 Tech package that adds Xenons, Pano, Premium sound, vented sets, etc…pretty nice if you ask me. Despite this, I recommend most of you skipping generation 1 of any newly redesign model, unless you don’t mind spending time at the dealer like I did today.

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 AZERA SEDAN LIMITED
MSRP – $36,875
Sale Price – $33,708 (invoice – $1000 lease cash)
Monthly – $441+ tax
RWG Rating – 85.2

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2012 HYUNDAI AZERA SEDAN LIMITED
36 Month – Residual 52% of MSRP – .00070 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 53% of MSRP – .00107 Base Rate

2012 HYUNDAI SANTA FE AWD GLS
36 Month – Residual 50% of MSRP – .00160 Base Rate

2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 65% of MSRP – .00178 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 57% of MSRP – .00179 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 61% of MSRP – .00214 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 61% of MSRP – .00186 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 62% of MSRP – .00186 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 59% of MSRP – .00211 Base Rate

2013 HYUNDAI TUCSON AWD GLS
36 Month – Residual 58% of MSRP – .00139 Base Rate

2013 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 60% of MSRP – .00118 Base Rate

July numbers have changed. Incentives seem to have increased too.  I’m seeing this Eco Trade Bonus that looks like can be combined with the loyalty cash. Either way, this month looks improved from last month. Still not as good as last year, but better.

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.

2013 HYUNDAI SONATA SE 2.0T
MSRP – $25,670
Sale Price – $23,573 (invoice – $500 loyalty cash applied + $500 Eco Trade Cash)
Monthly – $286+ tax
RWG Rating – 89.4

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2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 65% of MSRP – .00178 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 57% of MSRP – .00179 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 61% of MSRP – .00214 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 61% of MSRP – .00186 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 62% of MSRP – .00186 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 59% of MSRP – .00213 Base Rate

2012 HYUNDAI AZERA SEDAN LIMITED
36 Month – Residual 52% of MSRP – .00094 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 53% of MSRP – .00107 Base Rate

2012 HYUNDAI SANTA FE AWD GLS
36 Month – Residual 50% of MSRP – .00160 Base Rate

2012 HYUNDAI TUCSON AWD GLS
36 Month – Residual 54% of MSRP – .00128 Base Rate

2012 HYUNDAI VELOSTER COUPE AT
36 Month – Residual 60% of MSRP – .00118 Base Rate

2012 model lease rates remain unchanged. 2013 don’t look half bad either. The numbers for the Azera are out and they look average. If you compared it to the Lexus ES350, they aren’t too far off from each other. A couple things to be aware of though; Hyundai has bumped the prices to many of their 2013 models significantly. Sure, they remain well equipped, but the price gap between comparable models seems to be dwindling. See stories below:

2013 Hyundai Equus Officially Hits $60,000 Mark, Thanks To Price Hike
2013 Hyundai Elantra Gets Price Hike
2013 Hyundai Accent Gets $2,000 Price Increase

So there you have it, expect to pay more for a Hyundai going forward.

I have mixed feelings because I feel it is a little too early in the game to be jacking up the prices by the thousands (about two years ago, I would have never considered leasing a Hyundai).  Will I get another Hyundai after my Sonata? Probably, but the price advantage is slowly disappearing, which may dissuade me from getting another one down the road.

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.

2013 HYUNDAI SONATA SE 2.0T
MSRP – $26,620
Sale Price – $24,711 (invoice – $500 loyalty cash applied)
Monthly – $327+ tax
RWG Rating – 83.7

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2013 HYUNDAI ELANTRA GLS AT
36 Month – Residual 66% of MSRP – .00204 Base Rate

2013 HYUNDAI ACCENT SEDAN GLS AT
36 Month – Residual 56% of MSRP – .00146 Base Rate

2013 HYUNDAI GENESIS COUPE 2.0T AT
36 Month – Residual 65% of MSRP – .00223 Base Rate

2013 HYUNDAI SONATA GLS AT
36 Month – Residual 60% of MSRP – .00223 Base Rate

2013 HYUNDAI SONATA SE 2.0T
36 Month – Residual 61% of MSRP – .00223 Base Rate

2013 HYUNDAI SONATA LIMITED 2.0T
36 Month – Residual 58% of MSRP – .00223 Base Rate

2012 HYUNDAI AZERA SEDAN LIMITED
36 Month – Residual 52% of MSRP – .00094 Base Rate

2012 HYUNDAI GENESIS 3.8L V6
36 Month – Residual 54% of MSRP – .00125 Base Rate

2012 HYUNDAI SANTA FE AWD GLS
36 Month – Residual 51% of MSRP – .00177 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