Deal Check - 2025 Hyundai Ioniq 5 Limited RWD

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?

There is 11k incentive currently (10k lease cash and 1k conquest). So the dealer discount appears to be zero. Check the signed section SIGNED! DEAL | LEASEHACKR Check marketplace ⭐ Hyundai - New Arrival - 2025 IONIQ 5 SEL - 2024 LIMITED RWD - 24/12k - GCauto - #279 by leasesupernoob

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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

Maybe something like this Leasehackr Calculator - Hack your next lease | Leasehackr

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For that money I would choose a different car. For example, Zdx, blazer ev, or even eqe. I have seen some great CA deals lately without loyalty MB eqe

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I’ve been waiting for 2025 Ioniq 5s for a year now, I freaking love this car :cry:

This is really helpful. Let me contact more brokers and dealers

What car do you have? It may be eligible for conquest from some other brands.

No is not eligible, I have a Hyundai :joy:

What is so special about the 2025 Ioniq 5 that you have been waiting a year for it? This is a $300 a month car.

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.

You should have picked one up last Oct for less than half of what you are being quoted now

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

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Congrats! 2025 > 2024 :slight_smile:

I’m not sure that Limiteds are $300 cars.

Check the PND. $353 a month.

Since when is the listed payment the effective cost? All you have to do is click the calculator to realize that’s a $517/month deal.

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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.

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Imagine someone taking those 12m Taycan deals from last month and ignoring the $5,000 DAS

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