I have a commitment from 3 nearby dealerships now to do $283/mo and $2783top (I wanted $2500top but they keep “forgetting” and adding first months payment as extra) on a Hyundai Ioniq EV limited MSRP of $37,735.
One dealer was too aggressive for me but claimed they could do way better, other places said that price was insane and balked. No NJ sales tax on EVs. Here is where I am at with the calculator, any thoughts on if this could be made better?
Your calculator link makes no sense. What are the $9400 in post sale rebates?
They are offering $9400 in lease cash, $8000 is the federal credit and $1400 is presumably the military+loyalty+college grad credits, which don’t apply to me but they are somehow making them work after calling corporate. I’m using them as cap cost reduction, bear with me since I’m very new to all of this.
To get to that payment they are applying those rebates/incentives to the price, you are not getting that price plus the incentives, you’re double dipping on your calculator link
Yes sorry I see that, I should clear out that box since I did apply it to the sale price.
But is the deal itself a good one? I only ask because now I’m getting vague emails saying there are “new incentives for the end of March” and am wondering whether I should stick with this or press for more. I’m pretty out of patience with the whole process.
Does NJ give any state rebates? Also what is your motive on this vehicle?.. i am in California and i leased myself a base model 2 days ago…
The key is that the 8000 rebate and residual of 48% on the base model should be what determines your lease cost which should be similar on the limited trim…the residual value should be 18500. Other lease discounts such as grad or military are hit or miss.
Base msrp and limited msrp are $6.5k apart i think.