I can not figure out at all how Hyundai is getting the numbers from this deal for 2024 Ioniq 5 SEL.
Particularly at this line below:
Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $36,245. (typo theirs)
How are they getting a net cap cost of $36,245 and a $7500 lease bonus with an MSRP of $48,775?
The advertisement is below from their own website.
2024 IONIQ 5 is available at select dealers in select states only. Contact your Hyundai dealer for availability details. Lease a 2024 IONIQ 5 SEL AUTOMATIC TRANSMISSION RWD(50442REZ) for $326 per month for 36 months with $3,506 due at lease signing. Excludes registration, tax, title and license. Closed end lease for 2024 IONIQ 5 SEL AUTOMATIC TRANSMISSION RWD(50442REZ) available from 2/21/2024 and 2/29/2024, to well-qualified lessees approved by Hyundai Motor Finance. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Offer shown based on $3,506 due at lease signing (includes $326 first payment and $3,180 capitalized cost reduction). No security deposit required. MSRP $48,775 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $36,245. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,736