Deal check: 2024 Hyundai Ioniq 6

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.

Move on from this dealer. They are selling you the car at MSRP. You should be able to get a dealer discount. Expand your search radius and reach out to multiple dealers.

I would strongly reading this: Leasing 101 — EDITORIAL | LEASEHACKR

2 Likes

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.