If you're trying to choose between leasing vs. buying, your monthly payments will likely be a deciding factor for you. Elgin Hyundai's lease payment calculator will help give you an estimate of the payments you'll make on your leased vehicle. Whether you're interested in a Hyundai Sonata or a Hyundai Tucson, our Hyundai lease calculator can make your life easier as you plan ahead for your Hyundai lease. Read on to learn more about how to calculate your car lease and what you can expect going forward.

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How to Calculate a Car Lease

In order to calculate your payment, you'll need to work out some details. Before you even apply for a lease, you'll want to know your credit history and credit score so you can anticipate how much you'll pay in interest. If you have a car you'd like to sell, consider valuing your trade-in, so you can take the car's cash value and apply it to a new Hyundai lease price or down payment. You'll also want to consider the following:
  • Type of Lease: You may have a couple of different lease types available to you, such as sign and drive or a one-pay lease. Talk to the finance team at Elgin Hyundai to learn more about your options.
  • Lease Term: Decide how long you wish to lease a new Hyundai.
  • Lease Mileage Limit: Leases typically come with mileage caps, so make sure you choose a mileage limit that makes sense for your lifestyle.
  • Lease Sales Tax: Sales tax for car leases depends on your location. Lessees don't pay sales tax on the price or value of a leased car; it's instead added to each monthly lease payment.
If you want specific accessories or features for your vehicle, we'll work with you to make sure your new Hyundai has everything you need for a comfortable drive around Streamwood!

Get Answers to Your Car Lease Questions from Our Team!

Do you have additional questions about our Hyundai lease payment calculator and how to use it? Contact us online or give us a call to speak with one of our knowledgeable staff members at our Hyundai finance center. While you're here, be sure to check out our car buying information hub to learn more about topics like "Should I buy or lease," and, "Can you lease a used car?"