Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
No security deposit required.
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 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
Refer to forum thread for additional offers and discussion from the community regarding this offer.
This collaborative space allows users to contribute additional information, tips, and insights to enhance the original deal post. Feel free to share your knowledge and help fellow shoppers make informed decisions.
Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
No security deposit required.
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 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
Refer to forum thread for additional offers and discussion from the community regarding this offer.
Good luck finding a Hyundai dealership that isn't marking up 7.5k to negate the credit. Tried to buy one last year and they marked up anywhere from 2k minimum to 8k with add-ons.
Hyundai actually found the issue, it was an app that sent a bunch of information/stayed connected when the car is off. Teslas have a worse issue which is phantom drain, since the car stays connected for connectivity/app usage it drains the main drive battery. Ends up making the car horribly inefficient. People come back to their cars with way less drivable range.
Makes more sense to pay cash. $7500 + $5000 cash discount.
I currently have a lease with Hyundai. Just make sure if you lease you plan to buyout the vehicle at the end of the lease term. Additionally, Hyundai doesn't allow for a third party buyout.
Why should we buyout the vehicle at the end of the lease term?
Why should we buyout the vehicle at the end of the lease term?
If you don't have enough tax liability to benefit from the $7500 tax credit, then leasing and purchasing the car at the end of the lease makes sense. That's what I did with my Kia Niro EV.
Initially got my IONIQ 5 Limited lease at Freehold Hyundai, NJ. No markup, $0 down, $0 DAS. Took about a month and a half with Hyundai Motor Finance, but eventually bought it out afterwards, so $7500 tax credit plus no sales tax thanks to NJ's ZEV exemption.
Also, thanks to markups.org, I found and bought another car at Brandfon Hyundai in West Haven, CT. They don't mark up their vehicles over MSRP. Was a bit of a hike to get there, but it was worth it.
Why should we buyout the vehicle at the end of the lease term?
To get your equity that you have paid into the lease. I've had my lease for 20 of 36 months. If I were to buy it out today and sell the vehicle, I could get pretty much all my money back that I paid into the lease. Plus I got to drive around a new car for almost two years with minimal cost out of my own pocket. If you just turn the vehicle into the dealer at the end of your term, then the dealer is the one who benefits.
Alot of people have misunderstanding about this 800v charging. You dont get 800v from all charging. You are even lucky to find 400v. Also if your charging station has 2 port, it will reduce your charging speed when someone else is charging next to you. Ive been on multiple hyundai/kia EVs(about 60-70% taxis are EV in korea due to their incentives they get over 10k on incentives). All the taxi drivers complained about charging speed. Its not fast as you think. Also again impossible to find 800v hyundai/kia claims.
As owner of 2 hyundai/kia, i would not buy their car again due to their warranty. Check fine prints. Its 10 yr limited powertrain warranty. Also i had to visit them 2-3 times to get stuff fixed. They will verify the fault at first visit, then they will ask you to leave and come back when Hyundai North American approve dealer request. Also hyundai/kia dealerships are like visiting third world country. You have to fight/argue with service manager/techs to get it repaired....
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.
Was looking for a CT5-V Blackwing last week. Dealer still started with 20k on top of MSRP.
I left, knowing they had two sitting on the lot.
They called me next day and offered MSRP
It's so dumb.
To get your equity that you have paid into the lease. I've had my lease for 20 of 36 months. If I were to buy it out today and sell the vehicle, I could get pretty much all my money back that I paid into the lease. Plus I got to drive around a new car for almost two years with minimal cost out of my own pocket. If you just turn the vehicle into the dealer at the end of your term, then the dealer is the one who benefits.
Didn't hyundai increase the residual value for Ioniq 5 so that lease end buyout doesn't make financial sense anymore?
Hyundai charging Model 3/Y prices. Hilarious. Been in both, not even the same class. One is like a geo metro and the other is like an S Class Mercedes. They're that far apart.
Call around the country. Don't limit your search to only CA. Also they won't advertise a low price, call and show you're serious and talk out a deal, make sure they give all the breakdowns of MSRP, add-ons, cap cost reduction, etc.
Many people do not realize that the sale price of the car is what goes into determining the lease cost, not the MSRP. If you could haggle down the sale cost by $5k, that will reduce the total lease cost significantly. Assuming one can haggle currently. There are several sources where you can find out the current manufacture's financing "money factor" and 'residual factor' as well.
Our community has rated this post as helpful. If you agree, why not thank nojmplease
So we're just straight up allowing mediocre, publicly advertised car leases as posts?
These aren't "deals" with $5k down, prices excluding tax, title, dealer fees, etc. Most people will see this, walk into a dealer, and get HOSED. Want to actually do this the right way? Stop reading here, head over to LeaseHackr and start educating yourself.
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Only 5k down! Lol, never figure lease prices that way. Always always $0 down for your calculations.
The money factor on these cars right now is ridiculous, almost 10% when I was shopping around, plus every dealer is market adjusting or marketing it up in other ways to basically completely destroy any lease deal with the $7500 credit. There are no 'deals' on this vehicle right now. There are basically no good deals on leasing Any model of electric vehicles right now.
Probably won't be for a while.
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I currently have a lease with Hyundai. Just make sure if you lease you plan to buyout the vehicle at the end of the lease term. Additionally, Hyundai doesn't allow for a third party buyout.
Also, thanks to markups.org, I found and bought another car at Brandfon Hyundai in West Haven, CT. They don't mark up their vehicles over MSRP. Was a bit of a hike to get there, but it was worth it.
Sign up for a Slickdeals account to remove this ad.
As owner of 2 hyundai/kia, i would not buy their car again due to their warranty. Check fine prints. Its 10 yr limited powertrain warranty. Also i had to visit them 2-3 times to get stuff fixed. They will verify the fault at first visit, then they will ask you to leave and come back when Hyundai North American approve dealer request. Also hyundai/kia dealerships are like visiting third world country. You have to fight/argue with service manager/techs to get it repaired....
I left, knowing they had two sitting on the lot.
They called me next day and offered MSRP
It's so dumb.
Our community has rated this post as helpful. If you agree, why not thank nojmplease
These aren't "deals" with $5k down, prices excluding tax, title, dealer fees, etc. Most people will see this, walk into a dealer, and get HOSED. Want to actually do this the right way? Stop reading here, head over to LeaseHackr and start educating yourself.
Sign up for a Slickdeals account to remove this ad.
The money factor on these cars right now is ridiculous, almost 10% when I was shopping around, plus every dealer is market adjusting or marketing it up in other ways to basically completely destroy any lease deal with the $7500 credit. There are no 'deals' on this vehicle right now. There are basically no good deals on leasing Any model of electric vehicles right now.
Probably won't be for a while.
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!