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expiredDC13 posted Jun 06, 2023 06:25 PM
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
734 Comments 557,138 Views
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Deal Details
Hyundai USA is offering 2023 Hyundai IONIQ 5 SUV Lease from $332/ Month for 36-Months with $5,008 Due at Signing after $7,500 EV Lease Bonus.

Thanks community member DC13 for sharing this deal

Offer Notes:
  • Lease offer shown includes application of $7,500 EV Lease Bonus
  • You may customize payment by adjusting down payment, loan term which varies depending on credit score.
  • Additional Special Program Discounts are available
    • College Grad Program $400 Discount
    • First Responder Program $500 Discount
    • Military Program $500 Discount
Available Options:
  • 2023 Hyundai IONIQ 5 SUV Lease + $7,500 EV Lease Bonus
    • IONIQ 5 SE Standard Range $332/ month for 36-Months w/ $5,008 due at lease signing
    • IONIQ 5 SE $399/ Month for 36-Months w/ $4,999 due at lease signing
    • IONIQ 5 SEL $414/ Month for 36-Months w/ $5,001 due at lease signing
    • IONIQ 5 Limited $513/ Month for 36-Months w/ $4,913 due at lease signing.

Editor's Notes

Written by slickdewmaster | Staff
  • Offer Disclaimers:
    • Excludes registration, tax, title and license.
    • 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.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by DC13
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Hyundai USA is offering 2023 Hyundai IONIQ 5 SUV Lease from $332/ Month for 36-Months with $5,008 Due at Signing after $7,500 EV Lease Bonus.

Thanks community member DC13 for sharing this deal

Offer Notes:
  • Lease offer shown includes application of $7,500 EV Lease Bonus
  • You may customize payment by adjusting down payment, loan term which varies depending on credit score.
  • Additional Special Program Discounts are available
    • College Grad Program $400 Discount
    • First Responder Program $500 Discount
    • Military Program $500 Discount
Available Options:
  • 2023 Hyundai IONIQ 5 SUV Lease + $7,500 EV Lease Bonus
    • IONIQ 5 SE Standard Range $332/ month for 36-Months w/ $5,008 due at lease signing
    • IONIQ 5 SE $399/ Month for 36-Months w/ $4,999 due at lease signing
    • IONIQ 5 SEL $414/ Month for 36-Months w/ $5,001 due at lease signing
    • IONIQ 5 Limited $513/ Month for 36-Months w/ $4,913 due at lease signing.

Editor's Notes

Written by slickdewmaster | Staff
  • Offer Disclaimers:
    • Excludes registration, tax, title and license.
    • 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.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by DC13

Community Voting

Deal Score
+102
Good Deal
Visit Hyundai

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Top Comments

nounta1016
517 Posts
71 Reputation
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.
DC13
448 Posts
530 Reputation
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.
DC13
448 Posts
530 Reputation
You cannot buyout Tesla leases, not that you would want to after you experience the shoddy workmanship of those things.

733 Comments

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Jun 08, 2023 02:32 AM
1,510 Posts
Joined Feb 2010
nojmpleaseJun 08, 2023 02:32 AM
1,510 Posts
Quote from Taco :
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.
1
Jun 08, 2023 02:33 AM
721 Posts
Joined Dec 2007
mser4funJun 08, 2023 02:33 AM
721 Posts
How do you calculate the DMV fees/Sales tax in California on leased cars?
Jun 08, 2023 02:35 AM
127 Posts
Joined Mar 2015
radzer0Jun 08, 2023 02:35 AM
127 Posts
Quote from nounta1016 :
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.
1
Jun 08, 2023 02:35 AM
1,510 Posts
Joined Feb 2010
nojmpleaseJun 08, 2023 02:35 AM
1,510 Posts
Quote from JMBauer74 :
"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.
1
Jun 08, 2023 02:41 AM
154 Posts
Joined Aug 2015
guest888Jun 08, 2023 02:41 AM
154 Posts
Quote from DC13 :
Even the base version has the fastest charging in the EV industry.
Hyundai and high quality in the same sentence 🤣
3
Jun 08, 2023 02:41 AM
26 Posts
Joined Dec 2013
ColeenCJun 08, 2023 02:41 AM
26 Posts
Quote from Eagles89 :
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.
2
Jun 08, 2023 02:41 AM
58 Posts
Joined Sep 2012
RhettBJun 08, 2023 02:41 AM
58 Posts
Since when did SD become EVCarDeals.com ?
2
2

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Jun 08, 2023 02:52 AM
949 Posts
Joined Dec 2017
takoma20Jun 08, 2023 02:52 AM
949 Posts
Quote from RhettB :
Since when did SD become EVCarDeals.com ?
The car companies are shelling out a lot of money to make EVs happen. My negative comment about EVs got deleted too, lol. What a joke.

I knew these loons in college in the early 2000's. It's a cult. They can't actually defend EVs with facts.
4
Jun 08, 2023 03:01 AM
7,776 Posts
Joined Sep 2016
JMBauer74Jun 08, 2023 03:01 AM
7,776 Posts
Quote from nojmplease :
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.
1
3
Jun 08, 2023 03:15 AM
202 Posts
Joined Feb 2010
BigMooseJun 08, 2023 03:15 AM
202 Posts
Quote from DC13 :
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.
Jun 08, 2023 03:15 AM
1,585 Posts
Joined Dec 2013
vertical2394Jun 08, 2023 03:15 AM
1,585 Posts
Quote from DEALGUY315 :
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...
1
Jun 08, 2023 03:35 AM
1,208 Posts
Joined Aug 2007
cloudiettJun 08, 2023 03:35 AM
1,208 Posts
This is a $450 per month $DAS car at best. No way I pay that much for a junk😭😭😭
2
Jun 08, 2023 03:37 AM
28,287 Posts
Joined Jan 2007
cgigateJun 08, 2023 03:37 AM
28,287 Posts
Quote from guest888 :
Hyundai and high quality in the same sentence 🤣
No,
Hyundai = Low quality.
many insurance companies nowadays refuse to insure Hyundai vehicles
6
Jun 08, 2023 03:43 AM
15,359 Posts
Joined Sep 2009
KnightshadeJun 08, 2023 03:43 AM
15,359 Posts
Quote from cgigate :
No,
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.

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Jun 08, 2023 03:51 AM
137 Posts
Joined Jul 2011
mmbmcaJun 08, 2023 03:51 AM
137 Posts
How is this compact hatchback considered a SUV?

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