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.
Do you still have to deal with a dealership, specifically for Hyundai EVs? Or does Hyundai have a direct manufacturer-to-customer sales model for their EV cars like Tesla, transparent pricing, no salesperson, no monkey business, etc.? Or is the EV purchase going to be a similar experience to buying a combustion car from Hyundai.
Dealership. You have to keep shopping and find a dealer who sells at MSRP. Anything lower than that is a challenge. Not impossible but challenging.
Dealers will sell you below mostly if the car is already on lot with little interest. Its a hit or a miss.
To summarize, dealers are getting a 7500 kickback on the leases because a new sale is being subsidized by the feds and they'll need 2-3 year old ones boomeranging back as lease returns for their used business... so if you don't qualify for the 7500 fed incentive, lease one of these and buy out the lease for the residual value, which should be depressed. Problem is some dealers are not passing the full 7500 incentive over- eating into how well this strategy will end up working.
*shrug* I bought a Tesla...
Shopped Tesla when I found GM and Nissan keeping incentive money for themselves. Turns out Tesla also keeps the money on a lease and then doesn't allow buyout at all.
I have 2022, it's a pretty great car overall. I love the inside space and clean-but-not-desolate interior. It handles really well, pretty quiet and ride smooth. The only issues is that it's a wide boy and has a small turning radius that makes parking front side first a like tricky. That and the lack of a rear wiper can occasionally be annoying (don't think 2023 has one either).
Yes, Tesla has longer range, better software and charging infrastructure, but if we are if we are talking non-Tesla, it's about as good as there is under 50k(ish)
I browsed the internet site and see a bunch in my area. But the price says "Values are based on MSRP. Excludes taxes, fees and adjustments. Contact Dealer for more accurate price". That statement alone totally turned me off, and I closed the browser and stopped looking at Hyundai. No way I'm going to "Contact Dealer for accurate price".
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.
T
Yes - some dealers charge markup. No getting around that. Dont give your business to them
If you keep calling around and going to dealerships (effort required) you will get dealers selling for MSRP.
Another reason they cannot give exact price is because a lot of cars have 2-3 months wait and they do not have the exact config that you need. Maybe some accessories are added that you dont want. At best, dealer can promise you a figure and try to get a car close enough. Thats just how the market is. Hyundai doesnt manufacture a lot of these and they dont sell in all states
Never put money down on a lease. If you drive off the lot and total the vehicle, you are forfeiting that money and losing a car. At most prepay taxes and fees, that is it.
If you have the liquidity to put down, opt for multiple security deposits instead. This will be money held by the financial institution in return for a lower money factor. Typically capped around 7-10 times the monthly payment. You get this money back at end of the lease, or upon total loss of the vehicle.
Also, leasing primarily makes sense only when you're capable of negotiating down from MSRP. Since leasing is essentially paying to rent the vehicle based on the difference of MSRP and residual value. Any money you deduct up front reduces the rental portion dramatically.
If they're asking list pricing, I would look for a CPO alternative in your price range.
Now that the Bolt is discontinued, Hyundai need to get it together, build serious manufacturing operations in north america, and start churning out these puppies for Bolt and Leaf prices, then we can talk
Never put money down on a lease. If you drive off the lot and total the vehicle, you are forfeiting that money and losing a car. At most prepay taxes and fees, that is it.
If you have the liquidity to put down, opt for multiple security deposits instead. This will be money held by the financial institution in return for a lower money factor. Typically capped around 7-10 times the monthly payment. You get this money back at end of the lease, or upon total loss of the vehicle.
Also, leasing primarily makes sense only when you're capable of negotiating down from MSRP. Since leasing is essentially paying to rent the vehicle based on the difference of MSRP and residual value. Any money you deduct up front reduces the rental portion dramatically.
If they're asking list pricing, I would look for a CPO alternative in your price range.
Major agreement on the security deposit. Especially if your own autoi nsurance includes or offers gap insurance for cheap.
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Jun 7, 2023 2:54 PM
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Good luck finding a (working) charger that supports 800v. Not a Tesla fanboy, but the charging network outside of Tesla is meh. (I own a model 3 and a ccs converter)
I mean you dont really need it, but its nice to have. Im sure a few years down the line when its more common it will come in handy as a future proofing feature, but you will still get great level 3 charging where avail~
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No, residual value is never a negotiable item on a lease. It it set by the leasing bank. Shocking that someone with alleged "pro" tag here is posting such nonsense.
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Dealers will sell you below mostly if the car is already on lot with little interest. Its a hit or a miss.
*shrug* I bought a Tesla...
Yes, Tesla has longer range, better software and charging infrastructure, but if we are if we are talking non-Tesla, it's about as good as there is under 50k(ish)
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.
Yes - some dealers charge markup. No getting around that. Dont give your business to them
If you keep calling around and going to dealerships (effort required) you will get dealers selling for MSRP.
Another reason they cannot give exact price is because a lot of cars have 2-3 months wait and they do not have the exact config that you need. Maybe some accessories are added that you dont want. At best, dealer can promise you a figure and try to get a car close enough. Thats just how the market is. Hyundai doesnt manufacture a lot of these and they dont sell in all states
If you have the liquidity to put down, opt for multiple security deposits instead. This will be money held by the financial institution in return for a lower money factor. Typically capped around 7-10 times the monthly payment. You get this money back at end of the lease, or upon total loss of the vehicle.
Also, leasing primarily makes sense only when you're capable of negotiating down from MSRP. Since leasing is essentially paying to rent the vehicle based on the difference of MSRP and residual value. Any money you deduct up front reduces the rental portion dramatically.
If they're asking list pricing, I would look for a CPO alternative in your price range.
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With $5,008 due at lease signing. Includes $7,500 EV Lease Bonus"
it is still $5008 down payment that sucks
If you have the liquidity to put down, opt for multiple security deposits instead. This will be money held by the financial institution in return for a lower money factor. Typically capped around 7-10 times the monthly payment. You get this money back at end of the lease, or upon total loss of the vehicle.
Also, leasing primarily makes sense only when you're capable of negotiating down from MSRP. Since leasing is essentially paying to rent the vehicle based on the difference of MSRP and residual value. Any money you deduct up front reduces the rental portion dramatically.
If they're asking list pricing, I would look for a CPO alternative in your price range.
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