How does this lease look like for a 2025 Limited RWD in SoCal?
• MSRP: $56,605
• Purchase price: $45,605 (so $11k discount)
• Lease terms: 36mo/10k
• RV: 59%
• MF: 0.00146
• $0 down
• $1,900 das
=> $518/month
I’ve confirmed with Edmunds that the MF is the buy rate so the only thing I can play with is the discount. Is $11k off a good discount?
Well I don’t have a conquest eligible car so that’s why I’m considering $1k as discount. The signed deal you’ve linked to is basically what I’m getting as well.
The GC Auto deal you posted is for a SEL but “reverse mathing” the monthly payment with the MF and RV of SEL is giving me about $4,500 discount? Is that right? Can I really expect to get this much? I filled out GC Auto’s online form couple days ago but didn’t receive a response, will give them a call in the morning
I should correct myself: I’ve been a fan of Ioniq5 since it was introduced (in 2022?) and have always wanted to have one. But I had an old car that was still working with no payments so I couldn’t justify leasing a new car. Last year my old crappy car started to have serious issues and it reached a point that I was spending more than car’s worth on maintenance. This was in September last year and I told myself I’ve waited this long, let’s wait until 2025 comes out.
Yes you are right. I really appreciate everyone’s comments and suggestions that I should’ve gotten a 24 last year or get a 24 now or another car altogether. I’ve decided that I want 2025 Ioniq 5 Limited and am really trying to find a good deal now and that’s why I’ve come here to ask for your help with the deal itself. I contacted few LH brokers today and got to know that $1000 discount is a terrible deal. The lowest discount these brokers gave me was $2,500 but I also had $3k and $4k quotes as well. None of them were in the color combo that I want but this just tells me that the original deal I negotiated myself with my local dealer ($1k off) is terrible and I should work with a broker! Thank you all for your comments and help
Sure, but most people only look at the monthly payment after they sign the papers and make their down payment. The whole point to the OP is there are much better deals available if he looks. The one I pointed to was for a 2024 which apparently has higher incentives than the 2025.
But that’s not how we should be comparing deals here or offering advice. Saying you can get a limited for $300 is not at all true. Why don’t we just say all models can be had for $199 and forget the DAS?
Also OPs deal is $556/effective on a 2025 without conquest. The deal you mentioned is $517 on a 2024. But that’s with conquest. Without conquest the effective payment is $560/month.
So OPs deal is better than the “$300/month” limited you suggested. I hope it’s clear now why you don’t ever just look at a payment. It can cause you to offer bad advice and/or make bad decisions.