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.
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...
Dealers are not getting the 7500.
The leasing company IS because they are the owners of the car.
The leasing company, HMF decided to pass the full 7500 to lessees as a rebate.
Dealers have nothing to do with that. Dealers can offer a discount on the vehicle's selling price, though.
Never leased before. I think I understand the net capitalized cost calculation which is used to determine lease payments. What then is the cost of the vehicle after the lease term?
Leasing will always be more expensive than owning even with cars that have a high resale value. Leasing is convenient if you want lower payments as the finance charge is not on the entire value but only on the portion of your lease. If you're a cash buyer don't bother with a lease.
RV is set by the bank = Hyundai Motor Finance. It's non-negotiable.
The base MF can be marked up by the dealership up to a certain amount. Usually 40bps.
You don't have to use HMF. You can lease through whatever bank/broker wants to pay for the vehicle and accept payments in return based on a contractual agreement. Now you can make a cash deal with Hyundai and get the bonus for a cash buy. Easy peazy.
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.
Huh? You think that your single experience reflects on the 100s of thousand of EVs sold?
EVs are very much in their beta iteration and don't make sense for most people (no level 2 charger at home, live in extreme weather a few months a year, or take too many road trips).
You don't have to use HMF. You can lease through whatever bank/broker wants to pay for the vehicle and accept payments in return based on a contractual agreement. Now you can make a cash deal with Hyundai and get the bonus for a cash buy. Easy peazy.
This is incorrect.
With Hyundai, you have to go through their captive lender.
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.
This is correct. Girlfriend just left the dealer. They marked it up $3500 claiming it's still a great deal due to the $7500 credit.
- 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.
Thank you for this. Beats having to spend an hour reading every post. (Edited)
I don't understand, why does the vehicle qualify for the tax credit? It isn't built in the United states. It's battery isn't built in the United States
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*shrug* I bought a Tesla...
The leasing company IS because they are the owners of the car.
The leasing company, HMF decided to pass the full 7500 to lessees as a rebate.
Dealers have nothing to do with that. Dealers can offer a discount on the vehicle's selling price, though.
The base MF can be marked up by the dealership up to a certain amount. Usually 40bps.
EVs are very much in their beta iteration and don't make sense for most people (no level 2 charger at home, live in extreme weather a few months a year, or take too many road trips).
This is incorrect.
With Hyundai, you have to go through their captive lender.
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Adjust for todays market I'd say 2500 -3k is max I would put out of pocket for a lease.
It'd be the Secret Service, not the FBI, on matters of fake currency.
- 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.
If you can't afford that, then you need to get your finances in check
First, its a Hyundai. Dont want to get a fire, kia boyz, battery replacement, horrible resale value etc
Second, its a Hyundai
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