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.
I did exactly that and regret now - Dont make the same mistake I did - TESLA SERVICE SUCKS. Youre lucky if you get their car without issues but boy when u start having issues that's when u realize there is no warranty on this car - Everything is wear and tear for Tesla they have a huge list of things they dont cover under warranty.
THIS is the #1 reason why I have not purchased a Tesla. I have high hopes on Lucid, but will wait a few years to see how they do. I love the Tycan, but can't justify the $$.
TD - ANYTHING more than $0 due at signing is too much for a lease. Period. $5008 due at signing = $139.11 extra per month. so it's the equivalent of $332+$139.11 = $471.11/mo. Except, that money is in their bank account earning interest, instead of yours.
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)
It depends on the location but I've done 2 trips from Texas to Cali and Cali to Texas with 0 issues. It is however not as plug and play as Tesla chargers. As a side not i averaged charging to 80% in 15 minutes from around 15% charge.
Also you get 2 years free charging with EA.
Like
Helpful
Funny
Not helpful
Sign up for a Slickdeals account to remove this ad.
I have two Ioniq 5s and love them best part is going camping this summer with V2L and SUV tent. Climate controlled tent camping and electric power for plugging in induction cooktop
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 and Kia dealerships are the worst. In looking for a car last summer, they were the most egregious in tacking an absurd ADM on literally every car on the lot. Like, why would I pay $5k over MSRP for a budget brand, when I could go down the street and buy an equivalently priced Ford, Mazda or VW that doesn't have that gut punch of pure dealer profit?
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.
You lease (to pocket the 7500) and then immediately finance the buyout through a credit union.
Good price, but ionic5 has a known 12v battery problem, Google it so you know what you are getting into. Same for Tesla, Google real Tesla on Reddit. The point is evs are still immature right now, so wait if you can.
that's nonsense lol. i was on a golf ev lease (which was wayyyy back in the day, very early EV car) and I had zero issues with that car. That car was awesome.
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.
This was an anomaly for those of us that leased in 2019-2021 because most cars actually appreciated in value post-C19.
Don't count on pocketing any lease equity with 2023 leases.
For those looking at this here is important information:
There is no longer dealer markups in 95%+ places for the base and sel version of this vehicle
It comes with 2 years free charging with EA
The 12v issue tends to be happening with the 2022 models.
My experience driving 5000+ miles of road trips (2 Cali to Texas and back) had no issues but other less heavily traffic locations might! Highly recommend you look up EA chargers along your area and where you "might" travel to.
You can do a lease buyout and essentially buy the car as this is Hyundai's current response to being taken off the EV credit (they are making a plant next year in us to qualify again).
There is more but i will say love this car's ride comfort, quiteness and look. It doesn't look boring (I have the 2023 Limited AWD model).
Buy whatever car you want but i just didn't want a Tesla because... it's the new accord or Camry they all look alike and honestly it's ugly XD wanted something unique.
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.
Or better idea:
Don't buy a new car and wait for other companies to skip this method.
Dealerships at least exist to deal with quality control, while Musk and Tesla want to leave you high and dry with difficult to service or repair if issues.
all of them are wretched snakes.
Like
Helpful
Funny
Not helpful
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank gc12
for folks not reading through the whole post:
- the deal here isn't the lease. it's to lease the ioniq 5/6 and then immediately buy out the car as soon as you can. leasing these cars without immediately buying out is actually a very poor deal, and you will negate the 7500 cash rebate due to the high rent charges/interest.
- buying a car today is not like buying a car last year. your ability to negotiate a deal on these cars will vary based on supply in your region (as well as how willing the dealership is), but for reference, i live in socal and i'm negotiating deals below msrp. this part is YMMV. when negotiating, remember that many of these cars have been sitting on the lot for a while, so you can negotiate a price BEFORE factoring the rebate. again, this part is YMMV.
- down payment is not the same as due at signing (DAS). most folks would recommend not putting a down payment for a lease, even in this lease/buyout scenario. you will pay taxes and fees as part of DAS, and some people choose to pay it upfront or roll it into the payments.
- most sales reps won't give you the best price until you pull up into the dealership and play hardball, but i can say that paying MSRP right now (at least in socal) is not a slick deal. if you're serious about getting a good deal, look for ways to drive down the selling price (removing dealer-added options, knocking some dollars off the sticker, etc.). some of these cars have been on the lot for weeks, and you might have some more luck at the end of the month.
- everyone hates negotiating with dealerships. we all wish we could buy directly from manufacturers in every state. blame NADA and their lobbying. but if you're in the market to buy a car that is not a tesla or a subscription, it's a poison you're just going to have to deal with. read up on how dealers make their money and where they mark up the most, and learn to speak their language according to the deal sheet so that they are more transparent with you and actually back off a bit on their tactics.
Last edited by gc12 June 7, 2023 at 08:21 AM.
3
1
Like
Helpful
Funny
Not helpful
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!
Top Comments
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!
733 Comments
Sign up for a Slickdeals account to remove this ad.
The issue is with our corrupt dealer laws and basic supply and demand.
Also you get 2 years free charging with EA.
Sign up for a Slickdeals account to remove this ad.
You lease (to pocket the 7500) and then immediately finance the buyout through a credit union.
Don't count on pocketing any lease equity with 2023 leases.
There is no longer dealer markups in 95%+ places for the base and sel version of this vehicle
It comes with 2 years free charging with EA
The 12v issue tends to be happening with the 2022 models.
My experience driving 5000+ miles of road trips (2 Cali to Texas and back) had no issues but other less heavily traffic locations might! Highly recommend you look up EA chargers along your area and where you "might" travel to.
You can do a lease buyout and essentially buy the car as this is Hyundai's current response to being taken off the EV credit (they are making a plant next year in us to qualify again).
There is more but i will say love this car's ride comfort, quiteness and look. It doesn't look boring (I have the 2023 Limited AWD model).
Buy whatever car you want but i just didn't want a Tesla because... it's the new accord or Camry they all look alike and honestly it's ugly XD wanted something unique.
Don't buy a new car and wait for other companies to skip this method.
Dealerships at least exist to deal with quality control, while Musk and Tesla want to leave you high and dry with difficult to service or repair if issues.
all of them are wretched snakes.
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank gc12
- the deal here isn't the lease. it's to lease the ioniq 5/6 and then immediately buy out the car as soon as you can. leasing these cars without immediately buying out is actually a very poor deal, and you will negate the 7500 cash rebate due to the high rent charges/interest.
- buying a car today is not like buying a car last year. your ability to negotiate a deal on these cars will vary based on supply in your region (as well as how willing the dealership is), but for reference, i live in socal and i'm negotiating deals below msrp. this part is YMMV. when negotiating, remember that many of these cars have been sitting on the lot for a while, so you can negotiate a price BEFORE factoring the rebate. again, this part is YMMV.
- down payment is not the same as due at signing (DAS). most folks would recommend not putting a down payment for a lease, even in this lease/buyout scenario. you will pay taxes and fees as part of DAS, and some people choose to pay it upfront or roll it into the payments.
- most sales reps won't give you the best price until you pull up into the dealership and play hardball, but i can say that paying MSRP right now (at least in socal) is not a slick deal. if you're serious about getting a good deal, look for ways to drive down the selling price (removing dealer-added options, knocking some dollars off the sticker, etc.). some of these cars have been on the lot for weeks, and you might have some more luck at the end of the month.
- everyone hates negotiating with dealerships. we all wish we could buy directly from manufacturers in every state. blame NADA and their lobbying. but if you're in the market to buy a car that is not a tesla or a subscription, it's a poison you're just going to have to deal with. read up on how dealers make their money and where they mark up the most, and learn to speak their language according to the deal sheet so that they are more transparent with you and actually back off a bit on their tactics.
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!