Deal Check: 2023 Hyundai Ioniq 5 SEL AWD

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Deal Check for a Hyundai Ioniq 5 SEL AWD

I’m in Massachusetts and I believe this lease would qualify for the $3,500 rebate.

Term: 36 months @ 10,000 miles/month

MSRP: $52,820
Selling price: $51,320
Lease Rebate: $7,500
Customer Cash: $507.28

Money Factor: 0.00117
Residual value: $31,163.80 (59%)

Doc Fee: $498
Registration: $60
Acquisition: $650

Monthly Payment before tax: $477.25
Tax: $29.84
After: $507.28

This seems similar to an earlier deal(Link) from October. Is there room to negotiate?

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Dont know, you never listed the selling price.

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@mllcb42 Whoops, thank you for pointing that out.

Selling price is $51,320. Edited post.

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That seems like a very poor discount compared to what I recall see lately

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That is a poor discount. Our dealer is 5k off but doesn’t sell to MA

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There’s a dealer discount of $3,500 listed on their site that doesn’t appear to be getting included in the quote sheet. Not sure if that’s intentional.

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Of course it’s intentional.

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:sweat_smile:

I’ll respond in the morning to request that be applied.

Not much 2023 inventory left in Eastern Mass, so hoping to get a better deal.

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@AutoCompanion was giving like 5k off east coast Ioniq 5s, you might want to eat the shipping fee and get a better deal.

1 Like
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Interesting. Hadn’t considered out of state and shipping.

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Check if the rebate you’re referring to requires you to buy within state

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It doesn’t. Just needs to be registered within 90 days.

https://mor-ev.org/faqs

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Now they’re saying they gave me the wrong MF. I was supposed to be 0.0017 and not the 0.00117 written in the quote.

That bumps the monthly payment to $550/mo and they said they’d apply my MA EV credit and down payments to reduce the payment. No additional discounts offered.

I countered that downpayments and repurposing state incentives isn’t a solution and that a discount closer to 10% is what I’m looking forward.

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0.0017 is the correct MF.
If they can do a one pay it’s a 0014 discount to 0.0003

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Thanks @forbs. In the end I couldn’t get a discount beyond $2k. That was the best price anywhere, apparently…

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