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Do A Grand Tour in Hyundai's Elantra GT (Lease From $116/Month, $0 Down)

2016 Hyundai Elantra GT (source: hyundaiusa.com)

2016 Hyundai Elantra GT (source: hyundaiusa.com)


Scion iM not your style? Not to worry -- Hyundai's idea of the compact five-door hatchback, Elantra GT, is also an incredible lease right now.

Elantra GT will be replaced with an all-new version next year, but even the current model is a perfectly fine ride. Based on the European-spec Hyundai i30 hatchback, Elantra GT offers a spacious interior for the class and adequate performance, though its fuel economy and amenities lag behind the times. Here's how much it costs to lease.

Elantra's Current Lease Program - Valid Through July 5, 2016

 The cost of leasing a particular car is determined by its lease program, which is set by the manufacturer, and the selling price, which is set by the dealer. Here is Hyundai Motor Finance's current lease program for 2016 Elantra GT assuming top tier credit:

36 Month Lease Program
Miles/year Residual MF
10,000 53% .00080
12,000 52% .00080
15,000 50% .00080


Hyundai incentives vary slightly by region. Ask on Leasehackr Forum for the exact incentives in your region. Here are the incentives for California; Hyundai allows stacking incentives:

Incentives
$3,000 Lease Cash Available to all
$500 Competitive Owner Cash Current owners of non-Hyundai vehicles
$500 Valued Owner Cash Current owners of Hyundai vehicles
$500 Military Cash
$500 BoostUp Matching Cash Must create a BoostUp account 30 days prior to lease
$400 Grad Cash Must have graduated within past two years or graduate within the next six months

Selling Price

A 2016 Elantra GT Automatic has an MSRP of $20,635. According to our readers, the internet departments of some dealers in California are offering quotes of $2,000 to $2,800 off MSRP before incentives. Your selling price will vary depending on location, available inventory, and other factors.

Putting It Together

Use the lease calculator below to customize your own inputs, such as annual mileage and selling price. Here's a sample deal of a 2016 Hyundai Elantra GT Automatic ($20,635 MSRP) assuming a selling price of $17,800, use of the $500 Competitive Owner and $500 BoostUp Matching Cash rebates, and excellent credit.

% off MSRP
I want to pay my acquisition fee upfront.
%
Residual (%) at miles/yr
APR: %
Enroll in Mercedes-Benz Autopay to lower the MF by 0.00010
GM One-pay Lease: I want to lower the MF by 0.00073 by paying everything upfront.
APR: %
%
Tax is levied on the monthly lease payment (most states).
Tax is levied on the sales price upfront (e.g. VA, TX, GA).
Tax is levied on the total lease payment upfront (e.g. NY, MN, OH).
First month's payment incl. tax:
Down payment:
Total MSD payment:
Registration and doc fee:
Tax on cap cost reduction and fees:
Acquisition fee:
First month's payment:
Down payment:
Total MSD payment:
Tax on the sales price:
Registration and doc fee:
Acquisition fee:
First month's payment:
Down payment:
Total MSD payment:
Tax on the total lease payment:
Tax on cap cost reduction and fees:
Registration and doc fee:
Acquisition fee: