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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Our community has rated this post as helpful. If you agree, why not thank deucebigalow4
Wait for dealers to eat up the $7.5K credits on 3 year leases and then go shop around for a sub $25K CPO lease return and pocket an additional $4K. At that point, you would have equity in a massively depreciated EV/PHEV with an $11.5K price correction after rebates.
I predict there will be a glut of used EV/PHEV hitting the market with less than 30K on the ODO and the buyers that are willing to wait will until next year will have a lot more leverage. At that point, dealers may be able to convert those $4K tax credits to instant rebates and buyers could have even more leverage on a deal including a trade-in that is on the used PHEV/EV list.
My local dealer has 15 Ioniq 5s and 5 Ioniq 6s sitting on its lot.
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Wait for dealers to eat up the $7.5K credits on 3 year leases and then go shop around for a sub $25K CPO lease return and pocket an additional $4K. At that point, you would have equity in a massively depreciated EV/PHEV with an $11.5K price correction after rebates.
I predict there will be a glut of used EV/PHEV hitting the market with less than 30K on the ODO and the buyers that are willing to wait will until next year will have a lot more leverage. At that point, dealers may be able to convert those $4K tax credits to instant rebates and buyers could have even more leverage on a deal including a trade-in that is on the used PHEV/EV list.
Who will sponsor this 7.5k credit? Hyndai or tax dollar?
Anyway, the credit makes the deal a valid one to consider.
Ymmv of course dependent on your credit score, ability to drop the cash on buying the car near lease end,and whether you can have the patience to get aggressive deals to start. Leasing isn't for everyone, and you can definitely get screwed easily-but it can be a great deal if you put in the homework.
There's a huge risk because lease down payments are not covered by insurance. So you put $5k down and get in an accident when you leave the lot = You just lost $5k.
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