Good afternoon - new to the group. Looking at a lease with the following terms:
24month (15K miles year) @ $786 month with zero down.
MSRP - $58,285
Residual Value at end of lease $37,135.80
Money Factor .00326
Discounts - $1000
Rebates - $10,500
Adjusted Selling price $46,785
Government Fees - $120
Proc/Doc Fee $250
Capitalized Taxes $2,718.90
Cap Cost Reduction - $10,500
If you can find a lower trim (SE or SEL, this looks like a Limited Price range) you can get this down a few hundred less a month. Or if you like the Ioniq 6, I’m pretty sure they have a lower money factor which would lower the lease cost. Also, clarity what the dealer means by “nothing down” vs “due at signing”
I was able to lease a similar MSRP ioniq 5 for 36/10k with 2k down for 670 a month. You should be getting base MF and a higher MSRP discount. If you want a better deal, try expanding your search radius. Do you qualify for loyalty?
Yes they offered the $7500 + $2500 loyalty also got $500 for military.
When I asked about the high MF - dealership stated that was the Hyundai’s MF - is this true?
When I asked about a larger discount on the MSRP - they said they did not discount the MSRP? But they did discount the $1000?
I saw on the threads that One payment can help? Would that save on the MF? How much?
Thanks for the help -
Verify what the money factor the dealer is giving and compare that to what edmunds says it should be for your area. Do a google search for “edmunds ioniq 5 money factor” and confirm what it should be. The dealer can and will jack up the MF to unsuspecting buyers.
Brokers were offering $5k off for east coast, and you have Hyundai loyalty. Checkout marketplace even if you have to get the car shipped.
The money factor should be .00248. This might change sometime this week, but I think they’re lying to you.
looking at an add on dealer website for 2 year 10K miles in the SF bay area for $250 a month. SEL AWD. is that a doable lease or clickbait?
Seems like the down payment is gonna be huge to get to that number.
possible. you will need the loyalty rebate from what i have seen to make that work.