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2023 Hyundai IONIQ 5 SE Standard Range SUV Lease w/ $7,500 EV Lease Bonus
$332/ Mo.
for 36-Mo. w/ $5k Down Payment
Hyundai USA is offering 2023 Hyundai IONIQ 5 SUV Lease from $332/ Month for 36-Months with $5,008 Due at Signing after $7,500 EV Lease Bonus.
Thanks community member DC13 for sharing this deal
Offer Notes:
Thanks community member DC13 for sharing this deal
Offer Notes:
- Lease offer shown includes application of $7,500 EV Lease Bonus
- You may customize payment by adjusting down payment, loan term which varies depending on credit score.
- Additional Special Program Discounts are available
- College Grad Program $400 Discount
- First Responder Program $500 Discount
- Military Program $500 Discount
- 2023 Hyundai IONIQ 5 SUV Lease + $7,500 EV Lease Bonus
- IONIQ 5 SE Standard Range $332/ month for 36-Months w/ $5,008 due at lease signing
- IONIQ 5 SE $399/ Month for 36-Months w/ $4,999 due at lease signing
- IONIQ 5 SEL $414/ Month for 36-Months w/ $5,001 due at lease signing
- IONIQ 5 Limited $513/ Month for 36-Months w/ $4,913 due at lease signing.
Original Post
Written by
Edited June 7, 2023
at 01:18 PM
Many EV's who do not qualify for the federal tax credit due to the Inflation Reduction Act.
This post is to make shoppers (specifically EV shoppers) aware of the deals they can obtain on non-North American assembled EVs.This opens the options to much more desirable EV's that no longer qualified for the 7500 federal tax credit on a purchase.
Advantages:
* There's no income limits and the $7500 is taken off of the price at the initiation of the lease instead of waiting for your tax refund the following year.
* The best EV's such as the Ioniq5/EV6 with 800v architecture charging do not qualify for the Federal tax credit through purchase.
* Price is negotiable with dealerships therefore making the deal even better if you can negotiate a good price prior to the application of the lease credit.
* PLUS state rebates (which do not have Sourcing/North American Made requirements)
Example from Hyundai [hyundaiusa.com]:
"MSRP $42,785 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259." The cap cost includes down-payment.
Many more listed here:
https://leasehackr.com/blog/2023/...-on-leases
You can really get excellent deals such as this one listed here:
Cheaper Than a Tesla Model 3 Lease: Volvo C40 Recharge for $451/Month, $0 Down [leasehackr.com]
The truth is if the leasing company passes the credit to you, you initiate a lease effectively purchasing the vehicle at the negotiated price minus the 7500 lease credit.
You can then buy out the lease which will be the residual value (worth of the car at the end of the lease) plus the lease payments (minus the finance/rent charges).
This would be an excellent way to obtain a high quality EV rather than settling only for the offerings which do qualify.
Keep in mind since you are buying out a lease, you will still have to pay acquisition fee.
final price should be:
Negotiated price minus 7500 which breaks down as folows:
1.lease acquisition fee
2. Remaining payments MINUS the finance/rent charges ( it will come out to less than the actual monthly payment if you immediately buyout)
3. Residual value.
4. Taxes if applicable for your state (make sure you get dmv form that proves you made tax payment to avoid getting double charged for tax.)
This post is to make shoppers (specifically EV shoppers) aware of the deals they can obtain on non-North American assembled EVs.This opens the options to much more desirable EV's that no longer qualified for the 7500 federal tax credit on a purchase.
Advantages:
* There's no income limits and the $7500 is taken off of the price at the initiation of the lease instead of waiting for your tax refund the following year.
* The best EV's such as the Ioniq5/EV6 with 800v architecture charging do not qualify for the Federal tax credit through purchase.
* Price is negotiable with dealerships therefore making the deal even better if you can negotiate a good price prior to the application of the lease credit.
* PLUS state rebates (which do not have Sourcing/North American Made requirements)
Example from Hyundai [hyundaiusa.com]:
"MSRP $42,785 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259." The cap cost includes down-payment.
Many more listed here:
https://leasehackr.com/blog/2023/...-on-leases
You can really get excellent deals such as this one listed here:
Cheaper Than a Tesla Model 3 Lease: Volvo C40 Recharge for $451/Month, $0 Down [leasehackr.com]
The truth is if the leasing company passes the credit to you, you initiate a lease effectively purchasing the vehicle at the negotiated price minus the 7500 lease credit.
You can then buy out the lease which will be the residual value (worth of the car at the end of the lease) plus the lease payments (minus the finance/rent charges).
This would be an excellent way to obtain a high quality EV rather than settling only for the offerings which do qualify.
Keep in mind since you are buying out a lease, you will still have to pay acquisition fee.
final price should be:
Negotiated price minus 7500 which breaks down as folows:
1.lease acquisition fee
2. Remaining payments MINUS the finance/rent charges ( it will come out to less than the actual monthly payment if you immediately buyout)
3. Residual value.
4. Taxes if applicable for your state (make sure you get dmv form that proves you made tax payment to avoid getting double charged for tax.)
Created 06-06-2023
at 11:25 AM
by DC13
in
Autos
(2)
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Our community has rated this post as helpful. If you agree, why not thank EdEd1190
I'm willing to bet that the tons of Ioniq5's I see locally would be snapped up if they sold them like Tesla. By forcing people to go to the Dealership to see the "accurate price", many people will be turned off and simply go buy a Tesla on their iPhone in like 5 minutes with transparent pricing.
Our community has rated this post as helpful. If you agree, why not thank anhdongtx
Take days to find this car and hours to negotiateā¦and probably feel ripped off at the endā¦forget it
Our community has rated this post as helpful. If you agree, why not thank coolcoder
Take days to find this car and hours to negotiateā¦and probably feel ripped off at the endā¦forget it
Yeah, I'm not a fan of the "new" Elon Musk, but F these slimy dealers. F each one of them. I'd rather give my money to Tesla than deal with these bottom dwellers. Car manufacturers need to end this bs system, otherwise they will just keep shooting themselves in the foot on their way to becoming obsolete.
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West coast here, there are dozens of them litter all over the highways including the 350KW ones. Not sure where you live
this was a great read: https://slate.com/news-and-politi...antis.
that said, i've called around a few hyundai dealers in socal today and they are all trying to move their ioniq 5s off the lot. they were all aware (and supportive) of the lease + immediate buyout deal, though some of them shared a few hiddent/not-well-known costs of paying taxes twice and lease buyout fees. it seems like a good deal if you're looking at an EV now and want to save a few bucks before the new models come in.
https://www.thedrive.co
Ask me how I know.
Also, good luck negotiating with the dealers and thinking you are getting these deals.
Dealerships in general are hell but Hyundai ones especially are a special breed.
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