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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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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