How Hunter Lease compares dealer offers

Hunter Lease compares its lease payment on new Kia and Hyundai cars with the payments of dealers within 100 miles of Los Angeles. Hunter Lease calculates each dealer's payment itself, from the price the dealer advertises for the same car. Every row is calculated by one Hunter Lease engine on the terms set in the offer page calculator.

Which cars does Hunter Lease compare with dealer offers?

Hunter Lease compares only dealer cars of the same configuration as the car on the offer page: the same model year, make, model, trim, drivetrain and powertrain, as decoded from the VIN.

Listings come from dealers within 100 miles of Los Angeles.

Makes: Kia and Hyundai. Lease only for now: finance payments are not compared.

Where does Hunter Lease get dealer prices?

Hunter Lease uses the prices dealers advertise for new cars of this configuration. Hunter Lease buys this listing data from a third-party provider.

Listings are read from the lowest price up, 50 per page and at most 3 pages, that is, among the 150 cheapest listings. Reading stops earlier once every dealer in the search has a price.

Each dealer gets one row: the price of its cheapest regular car among the listings read.

Hunter Lease skips a listing with 100 miles or more (a demo or loaner car) or with a price below 50% of MSRP (a price error), and takes that dealer's next car. The open calculation of the dealer row names the skipped cheaper listing and its price.

A dealer is left out of the ranking when the chosen listing has no MSRP or is priced above MSRP, and when all of its listings read are demo or loaner cars or price errors.

How does Hunter Lease calculate each dealer's monthly payment?

Hunter Lease calculates every row, its own and each dealer's, with one pricing engine on the same terms: the ones set in the calculator on the offer page (term, due at signing, miles a year, credit tier and ZIP). When the offer page opens, its calculator picks the cheapest term for that car. When the terms change, every row and the ranking are calculated again.

If the engine cannot calculate a dealer's payment on these terms, or calculates it at a different mileage than the Hunter Lease row, that dealer is left out of the ranking.

Every row uses the bank programs for this car, the same sales tax for that ZIP and the same fees. The engine picks the program for each row on its own, so rows can use different banks. The residual value of each row is a percentage of that car's own MSRP.

A dealer's advertised price is taken as its final selling price. Dealers advertise prices with the manufacturer's lease rebates already taken off, so Hunter Lease does not take them off a second time.

A dealer row is a Hunter Lease estimate from the dealer's advertised price, not a quote from the dealer.

In the Hunter Lease row, the MSRP is reduced by the discount negotiated by Hunter Lease, the manufacturer's lease rebates open to every buyer and, when the car is eligible, the California First-Time EV Buyer Bonus. Dealers' advertised prices already have that bonus taken off, so the Hunter Lease row takes it off too.

Personal programs are left out of every row: loyalty, conquest, military, first responder and college graduate offers.

So the Hunter Lease row can differ from the payment on the offer page button. The button includes the state bonus only after the buyer confirms a first electric car, and it includes the personal programs the buyer selects.

When does Hunter Lease treat a dealer's car as comparable?

Hunter Lease compares only cars with the same year, model, trim and drivetrain. Options show only in MSRP, so a dealer's car is ranked when its MSRP differs from the MSRP of the Hunter Lease car by no more than $1,000 or 3% of that MSRP, whichever is larger. If the difference is larger, the car has different options and is left out of the ranking.

How does Hunter Lease rank dealer offers?

Hunter Lease ranks rows by the monthly payment as printed in the table, rounded to the dollar, from the lowest. Rows with the same printed payment share a place.

Hunter Lease shows the table only when at least 2 dealers have a comparable calculated payment.

What does each row of the Hunter Lease comparison show?

Hunter Lease gives every row of the table an open calculation: MSRP, price, manufacturer's lease rebates, residual value, money factor, sales tax, fees and the bank whose program it uses. A dealer row also shows the time of its listing price, the skipped cheaper listing when there is one, and the car's VIN when the listing has one.

How fresh are dealer prices in the Hunter Lease comparison?

Hunter Lease shows a dealer row's price in its open calculation as of today, 6:11 AM Los Angeles time, and as of yesterday before 6:11 AM. The Hunter Lease row is calculated as of today.

Hunter Lease keeps a calculated table for at most 30 minutes and then calculates it again.