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 bet you have never owned a Tesla, but you are an avid Reddit reader. Warranty claims for Tesla are the lowest in the industry at 1.2% per car sold. Read facts not fud.
I know a bunch of people who have owned a Tesla, and it's not all sunshine and roses. As much as Tesla fanboys want you to believe.
No dealer is discounting the Ioniq5 by $7850.
The market maxes out at $2,500 off MSRP right now (dealer discount).
I believe people are conflating the tax credit with the dealer's sale price. Buying it for MSRP - $7500 tax credit is not a 'deal' being made by the dealer. He's still selling it for MSRP.
Volvo on the C40 recharge will depend the state where you live. To get the best deal most likely you need to use a broker because Volvo dealers suck and will markup all sorts of things. My VOLVO lease is up and I got a great deal in 2020. I am open to all others. Dont like cap cost leases. Not a fan at all on them. I may conisder if I can get them to roll it into sign and drive only.
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.
Still doesn't change the manufacture's listed residual value. You or a 3rd party is now engaging in a purchase transaction with the dealership. Not a lease.
Talk about a goal post move!
Minimum discount is at least $6500 off MSRP w/o negotiation. There is a glut of this model in SoCal. I can see some dealer willing to make a deal at $7500 or more off at the end of the month.
The "best" I've seen is just MSRP. Last year Palm Springs Hyundai was charging MSRP without add-ons. I also tried the OC Tustin dealer who was selling at MSRP, but you had to live in OC otherwise they wouldn't sell to you. You'd have to check if they are still imposing that (or you might live in the OC). Please post if you find any deals in SoCal.
palm springs will sell below msrp, negotiate thru internet dept
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Not always. Sometimes these manufacturers come up with abnormally high residual values and the cars end up depreciating much faster in the real world market.
Pair that with multiple security deposits to bring down the money factor and you can have a situation where it was cheaper to lease than buy cash. This is can especially be more true for luxury cars.
In addition, there are the intangible benefits of having a new vehicle ever 2 or 3 years, including full factory warranty, etc.
I know one individual who leased an F-Type for stupid low total cost. iirc, it was the V6 which were sitting on the lots for ever.
I bet you have never owned a Tesla, but you are an avid Reddit reader. Warranty claims for Tesla are the lowest in the industry at 1.2% per car sold. Read facts not fud.
I do own a 2021 Tesla and agree that the overall build quality of a Tesla is not great with noticiable gaps in the trim etc. + some of the basics such as the rain detecting windshield wipers simply do not work well because Tesla decided to use camera instead of sensors everyone else is using. JD Power as well as Consumer Reports have also rated Tesla poorly for reliability https://www.jdpower.com/business/...y-studyvds
If you want a car that can fart and put on a light show, your only option is a Tesla. However from a usability standpoint and having driving the Ioniq 5 recently, the Ioniq is definitive the better car.
Did all Hyundai sales reps colluded to upvote this terrible deal to make it front page worthy?
I bought my Ioniq5 6weeks ago in TN, and got $4000 off MSRP. There were a ton of them on the lot and they weren't moving. I drive past Hyundai dealerships weekly and it looks like they have even more of them on the lot. If I had to guess A.the supply chain issues are finally coming back to normal, at least with Hyundai EVs. B., I think most people that really wanted Ioniq5 (it's quirky styling isnt for everyone) have already got one, and with the $7500 incentive gone, they are just sitting on the lot.
Now, I love the car, and have no issues with Hyundai (previous car was a Veloster), but paying MSRP or higher is a complete rip-off at this point
Not always. Sometimes these manufacturers come up with abnormally high residual values and the cars end up depreciating much faster in the real world market.
Pair that with multiple security deposits to bring down the money factor and you can have a situation where it was cheaper to lease than buy cash. This is can especially be more true for luxury cars.
In addition, there are the intangible benefits of having a new vehicle ever 2 or 3 years, including full factory warranty, etc.
I know one individual who leased an F-Type for stupid low total cost. iirc, it was the V6 which were sitting on the lots for ever.
Quote
from tivoli
:
This is not what the lease contract you sign says.
You can buy the car when the lease matures at the "contracted residual".
There is nothing in the lease contract that says you can negotiate the price based on its fair market value at the lease end.
Not interested in an argument, but that is incorrect advice.
Well, one could in the old 'open ended' leases. Those were highway robberies.
So if I understand it correctly I would be able to do a buyout for $24,815 right after signing the lease? So I would be essentially paying $24,815 + $5000 due at lease + some fees and taxes?
No, you pay the residual + $5000 down + fees/taxes + aggregate of the payments.
So the total of the payments would be $11,952. So you'd be looking at $41,767 at least.
I want that car so f'n bad, the Ionic hatchback, don't care if its a cloth model. Are used cars still being over valued? I'd need a dealer to trade more than what I still owe... or more plus enough for a down payment on the lease. Going without a car for a few weeks selling it privately then hunting for new one ain't in the cards. Maybe if they're desperate to move new vehicles, get a new brand customer, and knowing my trade is a very popular car with only 50k miles that'd bring in ten grand more than whats still owed. I still see big dealers selling like Ford Fusions with 80k miles for $25 grand so my SUV has gotta be a moneymaker for the dealer I imagine.
I pre-order 4 cars in 2021.
I bought ID 4, and I'm happy with it.
MachE had catastrophic recall, life-threatening type.
Hyundai, the dealer, sold my car for 10K markup. See my post here.
Ariya showed up too late.
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They are using a lease loophole that doesn't specifically specify country of origin. It was mostly meant for fleet vehicles, but dealerships have been taking advantage of it.
Well .. it isn't a loophole if the law allows it.
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The market maxes out at $2,500 off MSRP right now (dealer discount).
Talk about a goal post move!
https://www.autotrader.
Sorry, discount is even steeper at $7850 off.
https://www.autotrader.
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Pair that with multiple security deposits to bring down the money factor and you can have a situation where it was cheaper to lease than buy cash. This is can especially be more true for luxury cars.
I know one individual who leased an F-Type for stupid low total cost. iirc, it was the V6 which were sitting on the lots for ever.
If you want a car that can fart and put on a light show, your only option is a Tesla. However from a usability standpoint and having driving the Ioniq 5 recently, the Ioniq is definitive the better car.
I bought my Ioniq5 6weeks ago in TN, and got $4000 off MSRP. There were a ton of them on the lot and they weren't moving. I drive past Hyundai dealerships weekly and it looks like they have even more of them on the lot. If I had to guess A.the supply chain issues are finally coming back to normal, at least with Hyundai EVs. B., I think most people that really wanted Ioniq5 (it's quirky styling isnt for everyone) have already got one, and with the $7500 incentive gone, they are just sitting on the lot.
Now, I love the car, and have no issues with Hyundai (previous car was a Veloster), but paying MSRP or higher is a complete rip-off at this point
Pair that with multiple security deposits to bring down the money factor and you can have a situation where it was cheaper to lease than buy cash. This is can especially be more true for luxury cars.
I know one individual who leased an F-Type for stupid low total cost. iirc, it was the V6 which were sitting on the lots for ever.
You can buy the car when the lease matures at the "contracted residual".
There is nothing in the lease contract that says you can negotiate the price based on its fair market value at the lease end.
Not interested in an argument, but that is incorrect advice.
So the total of the payments would be $11,952. So you'd be looking at $41,767 at least.
With $5,008 due at lease signing. Includes $7,500 EV Lease Bonus"
it is still $5008 down payment that sucks
I bought ID 4, and I'm happy with it.
MachE had catastrophic recall, life-threatening type.
Hyundai, the dealer, sold my car for 10K markup. See my post here.
Ariya showed up too late.
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