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.
Our community has rated this post as helpful. If you agree, why not thank deucebigalow4
Lease new, buy used. Especially true for EVs that are incredibly overpriced. The real Slickdeal would be taking advantage of the $4K IRA credit for used PHEV and EV[irs.gov].
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.
Last edited by deucebigalow4 June 9, 2023 at 09:49 AM.
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 bought a Hyundai Palisade in Dec 2022 with no markup right when everyone was asking $5-$10K over. Just have to search enough.
My local dealer has 15 Ioniq 5s and 5 Ioniq 6s sitting on its lot.
Hyundai and Kia are worst company in automotive industry. I ask anyone keep away from Hyundai and search Hyundai engine problem which affects over 1 million cars and they do not take any responsibility. In this first gen, if there will be an issue , you will be .. up. Check Hyundai and Kia engine failure pages on FB to learn more.
The $24K is the residual value at the end of lease term. You don't wait until the end. You buy right after your lease starts. Dealers would recommend waiting for three months, but multiple posts on reddit confirm that you don't have to wait to buyout.
I may look into this strategy. I have leased for a long time and never saw an angle like this on an immediate buyout.
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Lease new, buy used. Especially true for EVs that are incredibly overpriced. The real Slickdeal would be taking advantage of the $4K IRA credit for used PHEV and EV[irs.gov].
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.
The $4k credit is nice, but I don't think we're going to see used EVs under $25k for a while.
According to a video of 8 months with an Ioniq 5 of 2022 model, the quality control is second to none: https://www.youtube.com/watch?v=9MdAzcsZ2rE.[youtube.com]
Who will sponsor this 7.5k credit? Hyndai or tax dollar?
Anyway, the credit makes the deal a valid one to consider.
lot of misinformation about leasing in here. Leasing EVs indeed probably doesn't make sense (yet) because of the hit you ll likely take. However, I've made a lot of money on ICE vehicles leases by buying out the lease and reselling it right away. I've been driving for nearly the equivalent of cost neutral for years.
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.
It is all math. If you put more down, you pay less monthly - and less in finance charge. If your money can be invested at a higher after-tax rate than the lease finance rate, then your statement makes sense.
No, that's not all there is to consider and is not why experts don't recommend putting money down on leases.
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.
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.
People like you are the exact reason that I make it my mission to get the cheapest price possible when purchasing a car. All of this adm bs will eventually end and you'll go back to eating top ramen because you can't sell anything at MSRP or above anymore. I can't wait.
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This isnt really a good deal. Your net effective payment on the 41k base model is around $470 a month plus your title, dealer fees and tax if your state doesnt wave it for EVs. You can get a $58k msrp Volvo c40 EV for that monthly payment with 0 down.
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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.
Sign up for a Slickdeals account to remove this ad.
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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