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.
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 came here to say that when I wanted to buy one last year, they had huge price packs on top of full list. I decided to keep my two gas cars until they die, and they'll probably outlive me.
An EV would match my driving perfectly. But I'm not laying out 75K for one.
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.
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.
The Volvo C40 to get that price you need the Costco stacked discount and maybe loyalty. I have not found any dealers on the C40 at that price. I looked hard at the Ioniq deal. I do not like and cap cost reduction leases ever. I have never done one. Sign and drive only. I cant say on the Hyundai dealers, but with Volvo it also depends where you live and the dealers near you. Otherwise you have to locate a dealer will to do out of state if that is needed to get a decent price. My business parner lives in Volvo Siberia in AL. Mostly tiney dealers in his radius with the exception of one.
According to OP after applying the $7,500 credit you pay $5k down + $12k in monthly fees + $25k to buy after lease = $42k however MSRP is about $42k. So how is this a deal (unless you wanted to pay monthly anyway). Is there a way to come out paying $7,500 less ?
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.
Why not try to get the very best deal you can? I have no loyalty to any car brand or dealer, or car for that matter. I am in the middle of making some decisions as my current leases are up. I have always gotten deals that are are in many cases hundreds less per month than what others are paying for the same lease. You do need to know how ot play the game. I helped my business partner a few yrs ago and now he is looking and he doesnt like the game. I am telling him the same as I did 3 yrs ago. Car dealers during the pandemic had a once in 25-50 yr windfall. Those days will not be repeated. Car buyers, most are dumb. They are emotional and if they rarely buy a new car or lease, fresh meat. I have never bought a Tesla, however things are mostly transparent as to pricing. Dealers play all osrts of game with extra installed add ons to pump the prices. While the pandemic was good for them, the next few yrs may be the opposite. As interest rates rise, that hurts. Car prices for new are up 20-25% yrs in recent yrs. So the manufacturers will need financing and other cash incentives to move product. In the pandemic they moved tons of new and used cars. Those customers are not in the market right now looking for another.Its the same in other industries that had a huge lift. It was great for those profits, but once the customer has the bug item, they are not looking for more. Dealers try the same old tired hacks. How much to do you want to pay per month? (Never answer that) Focus on the out the door price. They are afraid to say the price because most popel will faint. So they talk money per month and they will write a 60-72 month loan with money down if thats what it takes. If you are a rookie to this check out Youtube Cars Edge channel. Their content will help you. I watch alot of it merely for entertainment value. Finance manager tricks, upsells on tire warraties, paint protection, extended warranties.
Or is the above a $7500 credit for buying, (if you qualify with income), and the offer described here is $7500 for leasing and can't be combined, even with a buy out?
Or is the above a $7500 credit for buying, (if you qualify with income), and the offer described here is $7500 for leasing and can't be combined, even with a buy out?
They're the same credit.
Except this car does not qualify for it on a private purchase because it's not made in the US and uses foreign batteries as well.
The whole point of this deal is a loophole to get the credit anyway because leasing has a commercial entity buying the car, and they aren't subject to any of the same sourcing (or income) restrictions to get the $7500.
Anyway- the leasing company gets the $7500, and then passes it through to the person getting the lease (though they do jack up other parts of the lease in return as others have pointed out so it's not necessarily near as good as deal as "really" getting the $7500 credit like you can buying a Tesla or something)
They settled in some type cars for road bearing. But actual problems their software for knock sensor has malfunction and kill your engine over the time. They have recall for an update but engine is already in bad condition. My car has this issue and it is related to road bearing but they say the car past test road bearing they deny claim. They use class action case to deny the root of the problem. Eventually I fed up and sold my car. a week ago , I received a letter that there is another settlement that include my car and my issue. I lost time , money over the time. I suggest anyone to away form Kia and Hyundai. If there will be a problem in this car , they will not stand back in their cars. You will be damned
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An EV would match my driving perfectly. But I'm not laying out 75K for one.
Looks like they're still up to their old tricks.
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https://www.irs.gov/credits-deduc...3-or-after
Or is the above a $7500 credit for buying, (if you qualify with income), and the offer described here is $7500 for leasing and can't be combined, even with a buy out?
https://www.irs.gov/credits-deduc...3-or-after
Or is the above a $7500 credit for buying, (if you qualify with income), and the offer described here is $7500 for leasing and can't be combined, even with a buy out?
They're the same credit.
Except this car does not qualify for it on a private purchase because it's not made in the US and uses foreign batteries as well.
The whole point of this deal is a loophole to get the credit anyway because leasing has a commercial entity buying the car, and they aren't subject to any of the same sourcing (or income) restrictions to get the $7500.
Anyway- the leasing company gets the $7500, and then passes it through to the person getting the lease (though they do jack up other parts of the lease in return as others have pointed out so it's not necessarily near as good as deal as "really" getting the $7500 credit like you can buying a Tesla or something)
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