Deal Check: 2024 Hyundai Ioniq 5 SEL AWD MA

Ask the Hackrs
1

Hey everyone, I’m looking for some advice on a 2024 Ioniq 5 SEL AWD. I’ve seen people posting deals where they’re paying around $7,000 for an Ioniq 5 SEL AWD 10k/24 and don’t know how people are getting such good deals. Any help would be greatly appreciated. Thanks!

2024 SEL AWD Ioniq 5
MSRP: $52,850
Sales price: $50,988
DAS: $2,311
Monthly payment: $311
Effective monthly: $366.47
Miles/years: 10k miles, 36 months
Money factor 0.00179
RV: $31,182
$13,196 total for the 3 year lease

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2

The numbers work out far better to do a 24 month 12k mile lease. It has a much higher residual value, which brings the cost way down.

3

In MA there’s $3500 rebate but must be 36 months

4

oh ok that changes things

5

So the higher RV is probably what drives the total lease cost down. Thanks.