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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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.
But yes if you plan on buying it out right away neither should be a big deal.
However there are other fees that Im not sure is being captured here that is going to really eat into that $7500 credit.
Paying sales tax twice is one that is a rumor but Id like to get confirmation if that is actually true.
MSRP of $42,785 - $7,500 EV Lease Bonus should result in a price of $35,285 so don't understand where $31,259 comes from
I've seen these threads on Reddit but it looks like more people have had success with the lease buyout process. Good luck.
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"Lease a 2023 IONIQ 5 SE STANDARD RANGE AUTOMATIC TRANSMISSION RWD(50402REZ) for $332 per month for 36 months with $5,008 due at lease signing (lease offer shown includes application of $7,500 EV Lease Bonus). Excludes registration, tax, title and license. Closed end lease for 2023 IONIQ 5 SE STANDARD RANGE AUTOMATIC TRANSMISSION RWD(50402REZ) available from 6/1/2023 and 7/5/2023, to well-qualified lessees approved by Hyundai Motor Finance. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Offer shown based on $5,008 due at lease signing (includes $332 first payment and $4,676 capitalized cost reduction). No security deposit required. 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. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,952. Option to purchase at lease end $24,815. Lessee is responsible for third-party fees. Third-party fees vary by state or locality. Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 10,000 miles/year, excess wear, and a $400 disposition fee. Disposition fee of $400 applies in all states except in CO, IN, IA, KS, ME, OK, SC, WI, WV, and WY, where disposition fee is subject to state law limitations. CO, IA, KS, ME, OK, WV, and WY: The amount of 2 times the base monthly lease payment or $400, whichever is less. IN and SC: The amount of 3 times the base monthly lease payment or $400, whichever is less. WI: The amount of the base monthly lease payment or $400, whichever is less. Must take new retail delivery on vehicle from dealer stock by 7/5/2023. Special Retail Balloon offer also available in the states of AL, AR, LA, MS, NM, OK, TN, TX. EV Lease Bonus not compatible with other offers unless specified and not available for cash. See your local Hyundai dealer for details."
In my understanding, I will be paying
$332 * 35 + $5000 + $24,815 = $41,435. How is it costing $31,259?
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