expiredDC13 posted Jun 06, 2023 06:25 PM
Item 1 of 7
Item 1 of 7
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.
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They changed that Nov 1 2021 though and anything made since has one.
I am of the opinion that they need to expand the mandated stock safety features required to sell a new vehicle here in the US.
So you don't mark up the cars $7500 but you do mark up the cars $5000 over MSRP?
Some further reading, since you clearly don't believe me: https://www.repairsmith.com/blog/...car-lease/ [repairsmith.com]
Can you negotiate a car residual value?
It's also important to know that the car's residual value is set by the leasing company. It is not set by the dealer and it is not negotiable. Because of this, different leasing companies may offer different residual rates.
Do you even read your own posts? How many times have I explained to you, do not go through HMF. Again, your target is "equity." You are negotiating the lease in its entirety and getting offers from different leasing companies/brokers.
Saying you don't like their residual value appraisal, maybe because another leasing companies used a different algorithm and gave you a superior evaluation. That dealer may negotiate the current value of your vehicle at the time of the lease, even though they're not likely to change their residual value. You're apparently negotiating with tunnel vision.
But hey, do it your way. Go lease an Ioniq 5, take the 7500 rebate, and enjoy your car. I can guarantee you though, if it were me, I would get much more than the $7500 off. You should also consider that Hyundai is in desperation mode to sell as many of these as possible because of the tax credit requirements. They've sold like 20k of these and have to sell 10x. Meanwhile,. all the other EVs that qualify are going to get more sales to people who don't necessarily want to lease.
Waiting for the your "broken record" next post. "But HMF won't change their RV and I'm helpless to negotiate" post.
When regenerative breaking is applied, the rear break lights don't turn on and there fore higher chance for rear end collision. Imagine you're going 60 and let your gass padel off, within few hundred feet the car will come to stop. Imagine whole time it was slowing down, rear break lights didn't turn on making next vehicle hit you.
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Spending $17k over 3 years to have to part afterwards.
A used RAV4 is $20k-28k (might include hybrids, too).
Drove a rental Kona a few years ago.
Awesome lane assist. While small, the vehicle didn't feel that way in the front seats.
Drove a rental Corolla since. Lane assist is horrible. Side to side swaying on the highway was my experience.
Smaht pahk!
https://youtu.be/WBvkmWDjsYc
I consider getting one for my son, but resale on Hyundai is probably 20% more depreciation dollar for dollar spent vs. a RAV4. unfortunate.
- You get the car on lease, then when you buy it out it costs $7500 less than MSRP?
- Do you have to take the lease for the full period of time?
- If not and buy it out early are there places which will typically help finance?
Adding all the lease amounts and the buyout amount totals to the actual MSRP of the vehicle, and the disclaimer says that the 7500 ev incentive is already included in the leasing amount, that doesn't make sense to me, everything adds up to msrp, which it shouldn't since the 7500 is supposed to reduce the monthly or buyout price by 7500 in total.
Only do this to buy out the lease immediately to get that $7,500, which you cannot on a purchase.
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I've had Hyundai and Honda service recently, and Chevy's and Tesla's service are equally as garbage or even worse. Now, my experience at Porsche, BMW, and Mercedes all have been excellent in comparison.
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