New York State
2024 Hyundai Ioniq 5 Limited AWD in Cyber Gray
33 months / 10,000 miles
MSRP: $59,350
Sales price: $57,850 (~ 3% off MSRP)
Rebate: $14,500
Cap Cost: $41,550
Residual: 57%
MF: .00246
Monthly Payment: $419
Due at Signing: $6,000 (1,800 down + 2,683 taxes + 419 first payment + 650 acquisition fee + 175 doc fee + 250 DMV + 10 inspection)
Calculator score: 9 years
Wow this is most horrible.
the Limited 24/10 is 10k out the door, this 20k for a 33/10 is reallly bad.
Can you help me out a little more, please? What calculation are you doing, and where did you see it for half off? This came from a broker and is by far the best of the deals I have seen so far in my area.
Look at this link and realize that the prices have to be lower than 6k due.
And he delivers
All of the quotes in this spreadsheet are for RWD instead of AWD, and those vehicles have ~5k MSRP difference. The one on the sheet is a bigger discount off MSRP than I am getting, but I don’t think we are comparing apples to apples.
Might be true, but you need to make sure you are getting the best deal you can.
You did not mention that it was from a broker here, that would change things, but see if the 24/10 will give you a better payment over the 33/10 as I think there are better incentives.
Got it, thank you. I plugged both of them into the calculator and it actually comes out pretty close - the deal I posted got a score of 9 years (effective monthly $600), the Limited RWD in the spreadsheet got 9.5 years (effective monthly $531).
So that RWD is a slightly better deal if the delivery fee is $999. But I live on Long Island, so if it is much more than that then they are nearly the same.
You might want to check with Mike at Riverhead Hyundai. I just got the 2024 Ioniq SEL AWD 24/12K for $359 a month with 1st month due. I know it’s a different model but they have some good deals going there. Worth a try!
You asked for a deal check and you got an answer. There are better deals out there. I think $359 a month sounds about right for this vehicle.
Thank you! This is my first time using the forum, just wanted to get a couple of replies. I will mark it as answered.
Can you tell me more about that $359? Would that be for the same lease terms I described? Thanks for any and all info, just trying to gather what data I can.
Mine was for the SEL AWD and 24 months/12K miles as I mentioned. I just DM’d you Mike’s details so please post again if he gives you a better deal. Good luck!
Could you DM me Mikes details as well and if this deal has taxes and $0 down included? I am thinking of leasing an SEL 2024 as well and this information would be very helpful.
TYSM in advance!
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