Hyundai Canada Lease Rate.....ouch!

[Pwrplay]

Just noticed the lease rate on a 2010 Coupe from Hyundai Canada.. 10.27%, as opposed to the 3.35% finance rate .
I guess they don't want any lease returns as they probably expect them to be in pretty bad shape on return.

 

[Poulet]

It is more likely because they know their cars aren't worth shit on the market, after 3-4 years..

 

[MissAdema]

Ditto. Hyundais drop REAL quick in value. Kind of funny considering they are one of the top automakers now.

 

[SpiritusSancti]

holy..S*** thats thievery...

 

[dtreter]

Ditto. Hyundais drop REAL quick in value. Kind of funny considering they are one of the top automakers now.

In the past, you are right...but lets see what happens with how popular Hyundai is now. They are now the 4th largest auto maker in the world. With their warrenty, quality, etc., I can only imagine that resale value will go up. Everywhere I look, I see some type of Hyundai. They are really building up a good reputation of quality and value. Maybe that is why they were one of the very few to make a profit in the early months of our recession.

 

[MissAdema]

In the past, you are right...but lets see what happens with how popular Hyundai is now. They are now the 4th largest auto maker in the world. With their warrenty, quality, etc., I can only imagine that resale value will go up. Everywhere I look, I see some type of Hyundai. They are really building up a good reputation of quality and value. Maybe that is why they were one of the very few to make a profit in the early months of our recession.

Tell me why my $22k 06 GT V6 Tiburon was only worth $6500 at trade-in with no accidents, no body damage, and brand new tires. Because Hyundai still has an terrible resale value. My 01 Tiburon got only $2,000 less than my 06! I sold my 01 in March of 08. Traded in my 06 this month. That's pretty bad, dude!