Deal Check please (thanks in advance!).
We like the 2024 Hyundai Kona EV SEL, looking for a lease at 36monts/15K miles; We got a deal back from a dealer in the area, looks a bit high but they keep saying inventory on the Kona EV is low so this is the best they can do. Is this a good deal?
2024Hyundai_KonaEV_quote.pdf (60.0 KB)
I realize this is 15k miles a year, but nearly
$530 a month for a Kona?
Absolutely not.
If MVSP = MSRP this is over sticker price (no discount + a worthless $400 add-on.
Agreed, that $400 add-on was the first thing I was going to demand get pulled. Curious, how did you end up at $530 a month? Just want to know/learn. I also thought 61% residual felt a little low too when looking at other deals, but again the inventory on these cars is low up here in norcal, so not sure how much power to negotiate I have.
I used the first option with $2,500 DAS, divided that by the term and added that result to the scheduled monthly payment amount.
($2,500 / 36) + $459 = $528
Most people look at monthly, but I actually prefer using the total lease cost, because when the lease is done that’s how much will have been sucked out of my wallet over the term of the lease.
(36 * 459) + 2,500 = $19,024
IMO the offer is equally / more alarming when viewed through that lens.
Have you looked here
https://forum.leasehackr.com/tags/c/marketplace/california/14/hyundai
and here?
https://forum.leasehackr.com/tags/c/deals-and-tips/6/hyundai/l/latest
This is true but not a valid reason to overpay by so much for a compact EV
Click on Marketplace and browse for Niro etc.
Thanks @trism for all the info!
Yes, I am currently active in that Hyundai marketplace and already getting some better deal offers.
Thanks @max_g - I completely agree sounds like a horrible deal. I’m active in the marketplace now and already getting some better deals.
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