A Hyundai Elantra SE will cost you between $317 and $331 per month to lease, depending on your credit score and the conditions of your lease agreement. The Hyundai Elantra SE is one of the most popular and affordable cars to lease in the nation.

The Elantra has a low MSRP and retains its value against depreciation exceptionally well. This means that the dealership has less opportunity cost to cover over the tenure of your lease, enabling them to offer lower monthly payments.

It's a win-win for the dealership and the driver! The experts at

Jerry

, the #1 rated

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app, are here to explain further. We’ll cover how a lease works, what to expect when you reach the end of the term, and why the Elantra SE is one of the best leasing deals on the market. Plus, we will even show you how to find the most affordable

Hyundai Elantra SE

car insurance cost with coverage tailored to your needs.

How to lease a Hyundai Elantra SE

First and foremost, let’s take a look at your budget. Leasing can be a more affordable option than financing, but that doesn’t mean it fits everyone’s financial situation. Here is a checklist to follow that can help you determine your budget:

Check your credit score. To qualify for an affordable monthly rate, you’ll need a good credit score, which is between 650 and 720+. If your score falls below 650, you’ll need to inquire about your qualification with your local Hyundai dealership.

Estimate your monthly budget. Your lease payment should never exceed 15% of your gross monthly income. You always want more money coming in than going out!

Determine your down payment. A

good down payment

is between 10-20% of the purchase price. Larger down payments help you save money in the long run. You can reduce your monthly payment by paying more money upfront, commonly called capitalized cost reduction.

Estimate your annual mileage. You can get the most bang for your buck by calculating an accurate mileage estimate. Because, remember, excessive mileage can result in a nasty fee!

Once you’ve set your budget, stick to it! Getting into an unfavorable lease can be stressful and financially burdensome. So before signing the dotted line, gather and compare multiple lease offers that comply with your budget.

The final step: shop for insurance

Once you’ve found a great deal in line with your budget, you’ll need to shop for an insurance policy. But, don’t worry, the

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How much does a Hyundai Elantra SE lease cost?

Let’s talk about cost. The price of your Hyundai Elantra SE lease will vary case-by-case, but you can find prices that range from $317 to $331 per month. At these rates, leasing can be more affordable than financing.

If you're simply looking for a car that you can lease to get you from point A to point B—reliably and efficiently—the Hyundai Elantra SE is an excellent choice. The vehicle’s excellent fuel economy (33 mpg city and 43 mpg highway) and low monthly payments make it a desirable lease option.

The low MSRP and high residual value of the Hyundai Elantra SE enable dealerships to offer this vehicle at such an affordable rate. The SE is the Base model of the Elantra series, and the lack of customization helps justify a relatively standard and reasonable cost as well.

As mentioned earlier, your financial background influences your lease price just as much as the vehicle itself. Here’s how credit scores can impact your monthly cost:

Credit score	Monthly payment	Amount due at signing
720+	$317	N/A
690 to 719	$317	N/A
670 to 689	$324	N/A
650 to 669	$331	N/A
< 650	qualification varies	N/A

Find out if you can reduce your monthly car payments in minutes

* checking your rate won’t affect your credit score

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* checking your rate won’t affect your credit score

This should give you a good idea of what your monthly payment will be—make sure it aligns with your budget! Once you’ve determined your down payment and have paid the $650 acquisition fee, you’re well on your way to getting the keys to a brand new Hyundai Elantra SE.

Feel free to utilize the

Hyundai payment calculator

to get a more accurate estimate for your personal situation.

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How to track gas mileage

Services included in a Hyundai Elantra SE lease

Hyundai offers a very customer-friendly lease program. Here are some of the benefits:

Factory warranties cover routine maintenance

Three-day, worry-free exchange

Down payments are low, sometimes not even required

Low monthly payments

The Hyundai Elantra SE isn’t a show-stopper, but it gets the job done at an affordable rate.

Key Takeaway Due to its low cost, excellent fuel efficiency, and maintenance warranties, the Hyundai Elantra SE is one of the best values on the leasing market.

MORE:

Is it better to lease or buy a car?

What to do when your Hyundai Elantra SE lease is up

The Hyundai Elantra SE is commonly leased for either 36 or 48 months. You’ll want to start thinking about the next steps well before the end of your lease agreement.

How to return a leased Hyundai Elantra SE

Once you’ve decided to return your vehicle, you can go down one of two routes. Return it and walk away, or begin a new Hyundai lease. Repeat customers may qualify for the

Loyalty Rewards

program.

Regardless of your choice, you’ll need to complete the

lease-end

process. Here’s a brief overview:

Identify excess wear and use through a

Self-Assessment

Make necessary repairs

Schedule a turn-in appointment with your dealer

Clean vehicle inside and out, remove all personal items

Complete the

Odometer Disclosure Statement

Fulfill all outstanding payments, including a $400 disposition fee

Complete your return

How to purchase a leased Hyundai Elantra SE

Due to its high residual value, the Hyundai Elantra SE is one of the most popular cars to be purchased at the end of a lease. Here are the ways you can seal the deal:

Visit or call your Hyundai dealer

Call a Lease-End Advisor at (855) 463-5378

HMF account

to receive a buyout quote

MORE:

Car Loan for Hyundai 2022

How to find the best car insurance for a Hyundai Elantra SE lease

As we’ve stated thus far, the Hyundai Elantra SE is one of the more affordable leases you can find on the market. Well, we’re doubling down on your savings! The

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