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Edited April 21, 2024
at 08:01 AM
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Hyundai is offering Ioniq 5 SEL AWD 2 year lease for $225 per month and $225 down in Colorado. States without additional EV tax credit will likely be a little higher but you can probably talk them down even more. I got them down to $6k total price for a 2 year lease including all taxes and fees as well as an additional $2k of no charge options/accessories or protection/warranty plans. I also had a quote for a RWD for $4300 all-in.
They really seem to be desperate to get rid of them. I got to the point in negotiating that they literally couldn't lower the price of the car anymore because it made the residual higher than what I would owe on the car which meant Hyundai would've had to pay me to lease the car, which is how I ended up with the extra $2k in options. It also includes 2 free years of charging on the Electrify America network.
The Hyundai website says the offer ends April 30, but I'm guessing they will extend it.
Edit to add copy of final paperwork numbers. Deal was at Schomp Hyundai in Denver but had similar offers from Phil Long Hyundai Chapel Hills in Colorado Springs and McDonald Hyundai in Denver.
https://www.hyundaiusa.com/us/en/...Type=Lease
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"For 24 months with $3,499 due at lease signing includes $7,500 EV Lease Bonus"
Need to do some research I guess. $230 down and $230 down payment is a no brainer.
Would I need to put 3500 down and then get a 7500 tax credit? And what does CT tax you on a lease? When you buy it? Also every year?
Feel like a need to be a tax person or lawyer to understand this crap.
Get the dealer to take 3500 off the mspr and your at close to nothing out of pocket.
Enjoy
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Yep, electric is really going downhill these days quickly. Will be surprised to see EVs last much longer. Even the charging networks are falling apart too.
Thank goodness many of us stuck with gas all this time.
Tell that to the asshole dealerships in AZ that also charge 500 doc fee
See the pic attached to the post for the exact breakdown of the $6k. I paid it all off at once so there is no monthly payment. $6k includes everything, taxes and fees
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he literally said the new EV is 2x the cost of his older ICE. the insurance preimum increase is pretty negligible so I would say the cost of the car is what affected his premium.
If you don't have rental coverage on your policy but you hit someone else's car... your insurance will cover that person's vehicle for how ever long it takes. They isn't necessarily a set time limit... depending on the state. Even though you don't have rental on your policy it's still baked into overall insurance. Insurance companies have noticed repairs are taking longer than in the past and have raised rates overall in order to cover the extra costs.
There is always (or at least almost always) an option to own at the end of the lease and they tell you what that price will be when you sign the lease. In my case it's $37,856. The only reason I would do that is if inflation goes crazy again and I could immediately sell it for more than that like what happened to some people during the COVID car shortage
When leasing, you are paying the depreciation over that time period. You can then buy it if yo u want.
Ignorant comment. Especially when posting in a damn $220 per month lease thread for a $50K MSRP car.
Your interest charge alone would be $300+ if financing this at current rates.
The sales tax alone (in taxable states) would be 60% of the TOTAL COST of this lease over the 24 months.
Any car transaction can be stupid if being done by a stupid person. This one, is not.
I think most people feels the same after they tried the same gadgets o over time what he says becomes believable by default.
He doesn't always shill, he said stuff like keep the M1Max and skip M2 and M3. He pooped on a few other gadgets also and has doubts about Rabbit R1, etc etc. He did destroy Fisker Ocean but his review is not the reason why the company tanked first time or the 2nd time. Stock was below $1 way before he review the Ocean SUV.
The terrible rating he did for AI Pin echos what everyone else said. He also did a so so review on Cybertruck - the quality etc. but acknowledges why people would love it.
You can argue there are always sponsored posts like other Youtubers but you have to look past that and see if what he reviewed is spot on for your own experience.
Now, why do you think he's an 'uninformed shill'?. I am curious why you think that.
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https://www.motortrend.