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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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My question is whether it will actually be $225/mo.
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BTW, taxes/fees add up to $3k hand written on a piece of paper so when I tried to inquire about details and a detailed printout to see the details, the guy said he did not have time to educate me and a printout will not be printed until we agree on a deal.
That's why upfront payments on leases are a bit risky
first was a leaf (~10 years ago)
then a bolt (~7 years ago)
finally bought a e golf ~5 years ago
did M2M month ($99) leaf.
1 pay on bolt (not sure but i think it was $4k OTD)
when doing the 1 pay,
this concern of what happens if car is in accident, stolen etc did come up.
decided it was "worth the risk" as long as the accident was not my fault
(0 accidents in last 10+years)
i will admit to not knowing as much as i should on the EXACT minute difference
between 1-pay and M2M. (other than the cost difference)
having said that:
should u be in a M2M and you "loose the car".
I would expect u to be responsible for the remaining lease term as well.
right?
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