expiredDC13 posted Jun 06, 2023 06:25 PM
Item 1 of 7
Item 1 of 7
expiredDC13 posted Jun 06, 2023 06:25 PM
2023 Hyundai IONIQ 5 SE Standard Range SUV Lease w/ $7,500 EV Lease Bonus
for 36-Mo. w/ $5k Down Payment$332/ Mo.
Hyundai
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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.
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Take days to find this car and hours to negotiate…and probably feel ripped off at the end…forget it
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Take days to find this car and hours to negotiate…and probably feel ripped off at the end…forget it
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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.
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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.
Of course, if you plan to see to the end of the lease term, then yes, it matters and matters greatly. However, if you are on the sidelines because Hyundai lost $7500 tax credit, then this is roundabout way of getting the most of the credit.
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But if you can't get any government incentives, this is your best bet. The only hiccup of course is having to deal with the dealership. Hyundai strikes me as a decent product that is let down by their dealers. Also, the laws of Florida require you to do a lease buyout through a dealership, which means you will likely have to deal with a stealership and tacked on fees. Just an FYI to the people in that poor state.
Keep an eye on the Tesla Model 3 prices, there is an updated design on the horizon, and I'm sure they will try to deal with clearing out stock/flagging demand on the current model, especially since the updated design is the most major improvement yet.
Speaking of updated designs, if you don't mind a basic EV, check out a Kona EV. They're updating that model this year and dealerships are more apt to go under MSRP for this model, especially since it's pretty unknown in the USA. With the lease buyout loophole most people (who wouldn't be able to get any gov't incentives) are looking at decent EV at or under $30k all told. That's about what you pay for a Bolt, which I don't think is a better EV.
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