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.
Everything is negotiable. Stated residual value should be the roof of what you will be able to pay if you choose to buy out the lease, if not the vehicle returns to the leasing company. Depending on what the actual value is at time of return, you can negotiate down if the actual value is less (or they don't want the vehicle) or you can negotiate a cash payment back to not exercise the residual value buyout if the vehicle is worth more (last year).
Have you been in contract law long?
You are 100% incorrect on this. Residual value is a percentage that is set monthly by the leasing bank at the outset of the lease - it is not negotiable. You are likely confusing it here with purchase price, which is of course negotiable. And most leasing companies will not negotiate on buyout price either at lease end, although there are some exceptions. Hopefully you'll learn about this key distinction!
By all means, if you feel so convinced, please look it up and try to prove me wrong.
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.
I've seen as much as 7k off on them. Mid level spec.
"Never" is where you have failed. It depends on who the leasing company is. Sometimes it's the dealer, but it can really be any party that wants to flip the bill for your vehicle and accept payments. Additionally, your argument is moot anyway, because you can also negotiate the value of the vehicle at the time of purchase. So it doesn't matter how you want to spin it, you can still work the deal so you're gaining equity faster.
I've driven my leased 2022 Hyundai since Aug 31, 2021 If I bought out my lease today, I could flip it for the approximate value of my Hyundai back when it was new on the lot in 2021, which would put nearly $4,500 cash back into my bank account. Then I can just go lease another new car and repeat. My lease was also "more negotiable" because I bought it on the last day of the month. Dealer needed to meet their quota, and I needed a car.
I'm not making an 'argument' about the term residual value - it is the percentage figure set by the leasing bank of the projected value of the vehicle at the end of the lease. That's all I'm trying to correct here. Other aspects are negotiable - purchase price, fees, etc. - the residual value, for most leasing banks, is not negotiable.
This isn't my opinion...it's a factual aspect of how lease agreements work.
Most people have old homes and some have detached garages, so they will literally need to rewire the whole house.
I have an old house (1939) with a detached garage. I charged my electric vehicle in my driveway plugged into a 110v outlet. No rewire required. I would charge overnight and then plug in at work to 110v outlet. My commute was 50 miles R/T in LA traffic.
I'm not making an 'argument' about the term residual value - it is the percentage figure set by the leasing bank of the projected value of the vehicle at the end of the lease. That's all I'm trying to correct here. Other aspects are negotiable - purchase price, fees, etc. - the residual value, for most leasing banks, is not negotiable.
This isn't my opinion...it's a factual aspect of how lease agreements work.
Anything is negotiable. You can negotiate with two or more leasing companies, or you can shave numbers or add perks if you disagree on the residual value. You can negotiate both top numbers and bottom numbers. The only things that matters are term, payment, equity, and buyout cost. The leasing bank does not determine the residual value anyway. They use a third party that uses an algorithm to determine the residual value and that number is sent to the leasing company.
New car dealers will negotiate more than the average person realizes, especially on new cars. More times than not, they do not own those vehicles. They are owned by Ford, Hyundai, Mazda, etc... The longer those cars sit on the lot, the more it costs those dealers to keep them in their inventory. Companies like Ford will even redistribute vehicles to a different dealer, and the dealers don't have a say in it.
Last year there was a car bubble. 2500 dealer DISCOUNT is possible. Didn't you see Tesla reduced their prices by something like 15k?
I agree, I bought myself a car out of desperation (Honda accord hybrid) with 3k forced add ons last Oct and just got my wife a car last month 6k below MSRP with no forced add ons. So it's a whole different game now.
There's always tax on the rented part of the car. Tax is calculated into the pymt
The lease is taxed but not the value of the car, so it's less, plus it's not up front, which makes it even better: "The most common method is to tax monthly lease payments at the local sales tax rate. This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure. A few states do it differently (see below)."
I dunno, to me, if the lease had a low early termination fee, it seems like leasing would be a really good way to try a new car. I've never bought a new car, I've tried a couple times and could never get to where I was sure I would like the car before I'd even been able to use it daily. But if the early termination fee was high then this idea wouldn't make any sense...
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.
Have you been in contract law long?
By all means, if you feel so convinced, please look it up and try to prove me wrong.
I've driven my leased 2022 Hyundai since Aug 31, 2021 If I bought out my lease today, I could flip it for the approximate value of my Hyundai back when it was new on the lot in 2021, which would put nearly $4,500 cash back into my bank account. Then I can just go lease another new car and repeat. My lease was also "more negotiable" because I bought it on the last day of the month. Dealer needed to meet their quota, and I needed a car.
This isn't my opinion...it's a factual aspect of how lease agreements work.
Sign up for a Slickdeals account to remove this ad.
I knew these loons in college in the early 2000's. It's a cult. They can't actually defend EVs with facts.
This isn't my opinion...it's a factual aspect of how lease agreements work.
New car dealers will negotiate more than the average person realizes, especially on new cars. More times than not, they do not own those vehicles. They are owned by Ford, Hyundai, Mazda, etc... The longer those cars sit on the lot, the more it costs those dealers to keep them in their inventory. Companies like Ford will even redistribute vehicles to a different dealer, and the dealers don't have a say in it.
I dunno, to me, if the lease had a low early termination fee, it seems like leasing would be a really good way to try a new car. I've never bought a new car, I've tried a couple times and could never get to where I was sure I would like the car before I'd even been able to use it daily. But if the early termination fee was high then this idea wouldn't make any sense...
Hyundai = Low quality.
many insurance companies nowadays refuse to insure Hyundai vehicles
Hyundai = Low quality.
many insurance companies nowadays refuse to insure Hyundai vehicles
The issue is they refused for years to install immobilizers so they were easy to steal.
They changed that Nov 1 2021 though and anything made since has one.
Sign up for a Slickdeals account to remove this ad.
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!