RepairSmith is committed to the utmost safety to protect you and our technicians in light of COVID-19. Learn about “RepairSmith’s No-Contact Car Repair.”
Learn More
Home
Blog How to Find Hyundai Lease Deals (Guide and Links)

How to Find Hyundai Lease Deals (Guide and Links)

May 6, 2020

Finding great lease deals on a brand-new Hyundai doesn’t have to be magic. Follow these steps and you’ll find the perfect Hyundai lease deal for you.

Searching for the best Hyundai lease deals online has become easier than ever thanks to search engines and clever marketing by major car manufacturers but, we want to help you find the best Hyundai lease deal for you. So how do you discover the best Hyundai lease deal? Read on to find out!

Determine your budget when shopping for a Hyundai lease deal

As you probably already know, it’s crucial to determine the right budget for you before you even set foot into a dealership. To set a very basic budget:

The old adage of the 20/4/10 rule (put 20% down, don’t take a loan or lease that is longer than 4 years, and don’t let your payments exceed more than 10% of your gross income) is pretty archaic these days, according to Interest.com. That’s mostly because according to Statista, the average monthly cost of a lease in 2017 was around $430 per month. That’s up from $414 per month in 2016 and there is no new data, yet, for 2018. Add to that fact that most experts don’t agree on the right amount of money to spend on a leased vehicle. A reliable and safe guideline, however, is that a lease shouldn’t cost you more than 10% of your monthly take-home pay. So, in simple terms, if you make $4000 per month, you shouldn’t look at any deal that costs you more than $400 per month. While there are some subtleties here that we will get into later in this article, stick to the 10% rule and you will be sure to find a great lease deal.

What are Hyundai lease deals?

Lease deals are deals that have to meet your budget and get you the Hyundai vehicle you need at the right price. A car lease allows you to rent or borrow a vehicle for an agreed to amount of time for a specific price. If you’re looking for a great deal on any Hyundai models like the Santa Fe, Sonata, Elantra, Tuscon, Kona, Accent, or an Ioniq, you can easily find them by visiting AutoGravity and using our app. Leases have a couple of components that you should understand before you can determine if a lease deal is a good. These include:

When taken in whole, these components make up the most important parts of a lease deal. These factors have a major impact on how much you will pay for your new Hyundai lease so pay close attention to them.

Where can I find Hyundai lease deals near me?

Finding Hyundai lease deals near you is a fairly simple task. Go to any search engine and type in “Hyundai lease deals.” This will bring up results that direct you to the manufacturer site and request that you put in your zip code. Based on that, the manufacturer will show you deals in your area. Another way to find Hyundai lease deals near you is to use AutoGravity to find the right vehicle for the right price. Go to the Hyundai page to see what kinds of Hyundai deals are available in your area. But, buyer beware. Not all the things you see on the internet actually exist at the dealers.  This is because of the way that the dealer model works. Many times these are advertising deals that are designed to get you in the door of a dealer and more often than not, those great deals that you saw online are only for buyers with stellar credit and a lot of money to put down as capital cost reduction. Additionally, when you go to a dealer the vehicle you want may not be there. Dealers are constantly managing their inventory and moving vehicles from dealership to dealership to maximize the return they get on those cars. This can be caused by any number of reasons including high demand for a specific trim in one particular area or a specific dealer network is undercutting another to move vehicles. It’s entirely possible that when you go to the dealer after looking up Hyundai lease deals online, you may have to start your search over from scratch.

What is a good Hyundai lease deal?

A lease deal with a high residual and low interest rate is a good lease deal. The lease deal should also fit your budget and the vehicle should meet your needs to be a good lease deal. Confirm that a lease deal is right for you by also checking our lease vs buy a car analysis article.

How much is it to lease a Hyundai?

Hyundai leases vary from region to region, state to state and even dealer to dealer. Hyundai has a fantastic calculator on their site where they can give you a rough idea of how much it might cost to lease a Hyundai in your area, based on:

Remember that all of these factors can and will impact the price of your Hyundai lease deal so be sure to take a close look at each piece before committing to a lease deal.

Can Hyundai lease deals be negotiated?

You can negotiate Hyundai lease deals or any lease deal, for that matter. You just need to know where the wiggle room is. To find out, read the section above under “What are Hyundai lease deals?” There are a few components of a lease deal that you can negotiate. They include:

What do I need to watch out for in Hyundai lease deals?

Like any lease deal, you need to pay close attention to the fine print in Hyundai lease deals. This isn’t specific to just Hyundai and should be applied to any lease deal you’re examining. These things include:

Keep these things in mind as you search for the best Hyundai lease deals and you’ll be sure to find the right fit for you.