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.
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.
All manufactures have features they 'refuse' to install. If one wishes to require all manufactures install a certain feature, that is what the relevant gov't authorities are there for to mandate it.
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.
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Jun 8, 2023 4:25 PM
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What do you mean? I work at the Hyundai in Austin, Texas and we aren't marking up to negate the $7500 rebate. Those add ons also cost money. Whether you see value in the add ons is actually irrelevant. They were also marked up last year because of supply and demand. Why would we or anyone sell a hot car for MSRP when people are lined up around the corner to get one. Just because YOU don't want to pay a mark up is also irrelevant because every IONIQ 5 was sold out at our store and any in transit to the store even With a 5k markup. We're here to make money, not give you a car with $0 profit.
When there's a line of people, the dealerships tend to put all the third party addons they can so they can profit the most. Which can be thousands of dollars more.
So you don't mark up the cars $7500 but you do mark up the cars $5000 over MSRP?
Your perception of Hyundai is pretty accurate but reality is a 180. I am guilty of holding that perception myself. About 10 or so years ago I rented a VW SUV for a long road trip but something went wrong with it so they gave me a Hyundai, I was super bummed. However after driving it I was very pleasantly surprised at how comfortable and tech loaded the car was, VW seemed lacking and junk next to it. The Hyundai wasn't just loaded with tech for the heck of it but felt thoughtful and planned. The engine performance could've been better. They've come a long way since then and improved even more. I own an Ioniq 5 Limited and love it! I think the Hyundai junk perception needs a revisit Rent one if you are not sure.
Stop saying nonsense like "everything is negotiable" when that isn't true. You can - and should - negotiate other elements of the transaction to work in your favor, but you cannot negotiate residual value (RV). It is set by the leasing company, full stop. I've leased 5 vehicles in the past 3 years and I spend a decent amount of time on the Leashackr forums.
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.
"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.
This is not true, I've tested my Ioniq with my wife driving behind me and a sudden deceleration even at 15 mph turns the break light on. A sudden deceleration at 10 and under did not and I don't think it is required at that low speed. A gradual deceleration does not as it is akin to coasting in a gas car.
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Your perception of Hyundai is pretty accurate but reality is a 180. I am guilty of holding that perception myself. About 10 or so years ago I rented a VW SUV for a long road trip but something went wrong with it so they gave me a Hyundai, I was super bummed. However after driving it I was very pleasantly surprised at how comfortable and tech loaded the car was, VW seemed lacking and junk next to it. The Hyundai wasn't just loaded with tech for the heck of it but felt thoughtful and planned. The engine performance could've been better. They've come a long way since then and improved even more. I own an Ioniq 5 Limited and love it! I think the Hyundai junk perception needs a revisit Rent one if you are not sure.
I agree.
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.
What do you mean? I work at the Hyundai in Austin, Texas and we aren't marking up to negate the $7500 rebate. Those add ons also cost money. Whether you see value in the add ons is actually irrelevant. They were also marked up last year because of supply and demand. Why would we or anyone sell a hot car for MSRP when people are lined up around the corner to get one. Just because YOU don't want to pay a mark up is also irrelevant because every IONIQ 5 was sold out at our store and any in transit to the store even With a 5k markup. We're here to make money, not give you a car with $0 profit.
Which dealership in Austin? And do you know if we do this lease, do we get double taxed in Texas? Doubled tax meaning tax when you sign the lease and tax again when we buy off the lease. Thanks!
- 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?
Can someone explain this to me-
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.
To be fair, most service, if it's not a luxury brand that you over pay for, is all garbage.
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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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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