The offer also says those are excluded.
This is how leases are advertised.
Actually, it’s common to also include a down payment, often significant, in the mouseprint.
Car ads are designed to generate inquiries and drive traffic to showrooms, which clearly works.
If you want to be indignant, the real lunacy here is the $58,000 MSRP.
Seems like a helluva deal. How much more could you possibly squeeze? BTW, your acq fee is missing a 0, no?
One question: why the extra $500 incentive in your 36-mo calc?
NYS rebate if picked up at NY dealer.
I think HMF started to be active on LH MMR forum
LOL
I’ve been reading and lurking for a while, I’m learning a lot of leasing language from everyone. TrueCars spit out this deal for a 2023 Ioniq 5 SEL. I was like wow, but what am I missing? There’s always something to catch - like those factory installer options. Something isn’t right. What do I ask? Looking for the experts and the experienced to chime in. Thank you so much.
Lease Summary
24 mo 15,000 mi Tier 3 (700 - 719) Credit
Lease Price $27,870.00
Base MSRP $50,950.00
Factory Installed Options $985.00
Destination Charge $1,335.00
Total MSRP $53,270.00
Dealer Discount -$17,900.00
Hyundai MY23 Ioniq 5 Special Lease
Expires: 01/31/2024 -$7,500.00
Total Incentives -$7,500.00
True Price $27,870.00
Due at Signing $432.97
First Month’s Payment $177.14
Down Payment -$2,457.19
Fees $2,749.00
Cap Cost Reduction Tax -$48.92
Tax on Fees $12.94
Total Due at Signing $432.97
Capitalized Cost $0.00
Lease Price $27,870.00
Taxes $36.71
Residual Value -$30,363.90
Capitalized Cost $0.00
Monthly Payment $177.14
Base Payment $0.00
Interest $173.68
Payment Tax $3.46
Total Payment $177.14
May be an error but if they honor it don’t think twice
Buy all of them at that price. It looks like they subtracted $7500 three times. Price should be MSRP - dealer discount of $17,900. They discounted the vehicle an additional $7500 below that which is an error. Their net cap cost is less that the residual value.
Take it and run 
And do not look back 
definitely an error
(I just tried calling a dealer where TrueCar listed an absurd price like this one. No dice)
Below is what I got on the Truecar, but there is no residual value, how should we caliculate on the below deal I am new to leasing. can anyone here help me, is this a good deal ? Thanks in Advance 
The deal started on Jan 11
· Expires in 7 days
2023 Hyundai IONIQ 5 SEL AWD New
·
23 miles $232/mo
Your lease payment with taxes & fees
24 mo · 12k miles/year
Amount Due At Signing $5,289.00
Down Payment $3,112.12
First Monthly Payment
$231.90
Lease Acquisition Fee
$650.00
Dealer Fees
$499.00
Doc
$499.00
Government Taxes and Fees
$795.99
Title Fee
$68.50
License Plate Fee
$70.00
Handling Fee
$8.00
Local Fee
$6.00
Waste Tire Clean-Up Fee
$10.00
License Transfer
$3.00
Tax on Accessories
$185.62
Cap Cost Reduction Tax
$324.91
Tax on Fees
$119.96
Net Capitalized Cost
$33,356.88
Total MSRP
$52,890.00
Base MSRP
$50,950.00
Factory Installed Options
$605.00
Destination Charge
$1,335.00
Dealer Discount
-$10,699.00
Capitalized Cost Reduction
-$3,112.12
Total Incentives
-$7,500.00
Hyundai MY23 Ioniq 5 Special Lease
Expires: 01/31/2024
-$7,500.00
Accessories
$1,778.00
Xzilon Silver Coverage (5 years)
$830.00
Lojack/Kahu (3year)
$798.00
Wheel Locks
$150.00
Total Payments
$5,565.50
Total Depreciation
$1,102.76
Total Interest
$3,936.66
Total Sales Tax
$526.08
Same here.
I contacted a local dealer who had around 10 in stock, messaged them that if the deal is true I was ready to sign immediately.
A sales person contacted me and said, they noticed that article circling around the Internet and it is not true. The sales person told me that deal does not exist. Lol.
Then this weekend their manager called me and said that deal is actually true. I already leased a Tesla. Manager sounded very sad on the phone because they literally lost a customer who was ready to sign a deal.
Spil the beans where is it:) LH may buy all 10 in a week:) if they are ready to deal with onslaught of bottom feeders
I’ve contacted most of the dealerships in my CT state. And while all of them have 2023 Ioniq 5s listed in online inventory, not one has them in stock. They all come back with “How about 2024”
So i ended signing this deal but the next day the dealership called and said they made a mistake on the #'s and its going to be 150 more per month, i told em I am not resigning the paperwork…either it stays as is or come get the car…They came next day and took the car…never work with Safford Hyundai of Springfield in VA…
Mind you this is from RODO so take it with a grain of salt but saw this here in Florida.
2023 Hyundai IONIQ 5 SE Standard Range 24/12k
Spoke with my SoCal dealer, $52k Ioniq 5 and 6 2023 models. With 2000 to 3000 down they are still around $650 a month. I passed.
Spoke to a couple of dealers. One in NJ was able to give me a quote of around 0 down, 560 / month for a $52k Ioniq 5 SEL, 2023 model. However, the sales consultant of that specific dealer was very rude and extremely unprofessional when I pressed for a greater Discount. I just ended up signing from another dealer in MA for 0 down, $545 a month for the same $52k Ioniq 5 SEL, 2023 model. The sales personnel were very professional and understanding, and rather do business with them. I don’t think this is the best of the deals out there, but decent enough. Signed a 2 year, 12 k miles per year lease deal and got 15k off as quoted. The residual and MF for 2023’s aren’t the best, so it’s hard to get great deals on these.
Do you mind sharing your numbers/deal?
The way they do business sounds very sneaky.
