I am in central Kentucky and I need some help understanding this lease deal, please.
This is for a 2024 Hyundai Ioniq 6 SEL Dual Motor.
KY has a 6% use tax, but I am not sure if that is the entire MSRP, the residual value, or something else.
In the photo below, the two dollar figures were written by the salesman and he said that was the residual value. The number above that is a note by me of residual % that I wrote down after playing with the calculator.
Please help me figure out if this is an ok deal or not. And if not, what do I go back to the dealer with? I do not have any experience in leasing a vehicle. And I would rather not get played if possible.