A lease for a Hyundai Santa FE SEL costs around $373 a month. The total cost will depend on your down payment, credit score, and the price you negotiate with your dealership.
A five-seater SUV with a turbocharged 2.5-liter engine, the Hyundai Santa FE SEL provides a comfortable and exciting ride for the whole family. If you’re not sure about investing in a Santa FE SEL but still want to try it out, leasing is a great way to drive a new vehicle for a lower price.
However, leasing comes with more restrictions and fees that can jump out and surprise you if you’re not careful. Plus, the money you put towards your monthly lease payments only cover the depreciation of the vehicle—in most cases, at the end of your lease term, you’ll have to start all over and buy or lease another vehicle.
Car insurance
super app Jerry
is here to guide you through the pros and cons of leasing, with everything you need to know about preparing to sign a lease, how much you can expect to pay, Hyundai Santa Fe SEL car insurance costs
, and what options you have at the end of your Hyundai lease.RECOMMENDEDNo spam or unwanted phone calls · No long forms
How to lease a Hyundai Santa FE SEL
Preparing for your lease is an important first step. Take some time to complete the following items—your wallet will thank you when it’s time to negotiate your lease terms!
Check your credit score. Anything under 520 will make it hard to qualify for a lease and a score under 630 won’t get you great leasing terms. With a score over 650, however, the sky's the limit!
Make a leasing budget. Your lease payment should be lower than 15% of your monthly earnings. Let’s say you make $3,500 a month: you’ll be able to pay up to $525 fairly comfortably.
Determine what you can pay up front. To bring down your monthly costs, consider adding more to your down payment. Saving up for a couple of months beforehand to pay more upfront can save you money in the long run.
Estimate your annual mileage. Usually, a lease will come with an annual mileage limit of 10,000, 12,000, or 15,000 miles. It’s possible to add on additional mileage, but if you’re planning on driving far over the mileage cap, leasing may not be the most cost-effective option for you.
With a budget and some limits in mind, you can head to the dealership well-equipped to negotiate the best terms for your Hyundai lease.
The final step: shop for insurance
Once your lease is signed, you’ll need to get insurance that adheres to the terms outlined in your lease agreement. Jerry
can help you find exactly what you need in no time—download the app, answer a set-up question or two, and watch as Jerry pulls affordable customized quotes suited to your coverage needs. How much does a Hyundai Santa FE SEL lease cost?
On average, it costs around $373 a month to lease a Hyundai Santa FE SEL.
Monthly payments are only part of the total cost, however. Your credit score, lease term, and upfront payment will also influence how much you end up paying for your Hyundai lease. The trim level of your vehicle, the add-ons you choose, and even the location and time of year can greatly affect the exact cost.
The Hyundai Santa FE SEL is one trim level up from the basic SE trim. You’ll have to pay a little extra for the SEL due to the additional features included:
Power-adjustable driver's seat
If you upgrade to an even higher trim—XRT, Limited, or Calligraphy—your monthly payments will increase.
In addition to the trim level, your credit score will also play a large part in determining your monthly payments. The following table can give you an idea of how credit rating affects how much a lease will cost. For this example, let’s assume a mileage cap of 10,500 and a $0 down payment.
Services included in a Hyundai Santa FE SEL lease
A Hyundai lease comes with a few included services. For one thing, the car will be under factory warranty for most of the time it’s in your possession—that means you won’t have to pay as much for repairs.
Hyundai also has a three-day worry-free exchange policy—if you’re not happy with your leased vehicle, you can return it consequence-free within three days.
RECOMMENDEDNo spam or unwanted phone calls · No long forms
What to do when your Hyundai Santa FE SEL lease is up
You’ll have three options to choose from when your lease ends. They are:
Return your Hyundai
and immediately lease or buy a new vehicleTurn in your vehicle, pay the outstanding fees, and walk away
How to return a leased Hyundai Santa FE SEL
To get your vehicle ready for the return appointment, make sure you take care of any wear and tear damage beyond the expected condition and any outstanding repairs. Although it can sometimes be tricky to determine how much damage is allowed, scratches, cracks, or dents bigger than a credit card will usually land you with some extra charges.
How to purchase a leased Hyundai Santa FE SEL
If you can’t bear to part with your Hyundai, you’ll usually have the option of buying it at the end of your lease. The purchase amount should be included in the lease agreement. If you have questions, you can call your dealership or visit Hyundai’s website
. “My policy covers two people and four cars: a truck, SUV, convertible, and muscle car. Jerry
helped me go from paying $308 a month to $125 a month with the same coverage. I’m loving the savings.” —Jocelyn A. How to find the best car insurance for a Hyundai Santa FE SEL lease
Whether you choose to lease or buy, your Hyundai Santa FE SEL is going to need some car insurance! Here with the most affordable rates is Jerry, the trustworthy insurance comparison app
. How does it work? Jerry
is a licensed broker with partnerships with top-rated insurance companies. With the tap of a screen, you’ll get dozens of customized options for the coverage that you want. Jerry does all of the work through the app and will never call you—unless you ask us to! Our friendly staff is always available to answer your questions. And the best part of Jerry’s top-notch service? On average, Jerry users save $887 a year on their car insurance.
“I thought my previous insurance rate was the best I could get, since I have a luxury SUV. After Jerry
found me quotes, I ended up paying only $80 a month for the same exact coverage. I’ll be shopping for auto insurance through Jerry from now on!” —Petra S.
RECOMMENDEDThis app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍