Currently looking at trading in my 2023 Prius XLE and getting a 2025 Ioniq 5 Limited. I have been wanting an Ioniq since i first saw onr a few years back and now seems like a good time to get into one. The money down would come from my trade in.
This is my first time thinking about leasing a car so any feedback is appreciated.
Terrible deal. You can do much better. Did you try looking at a 2024? You can likely get a way better deal on one of those
Im not interested in the 2024. Can you expand on why its a terrible deal?
Look at the MSRP and the sell price. The sell price exceeds the MSRP by $2713. YIKES! Perhaps they haven’t heard that COVID is long gone.
MF seems off too
It may be marked up. But, nonetheless, it was used to calculate the base payment.
The dealer originally had selling price the same as the msrp but when i said i wanted to trade in my car they quoted me a trade in value (which was less than KBB private sales but more than some of those companies like Carvana), made the amount due at signing equal to the trade in value, and then increased the selling price by the trade in value. When i asked why they said something about thats how they have to do the accounting. It seema like thats incorrect and they were lying to me?
If i take the tradein out of the equation and get the selling price to equal MSRP then would it be a good lease?
Do the admin fees seem high as well? Are these negotiable? Im not 100% committed to the car and im prepared to walk away but it would be nice to know where I still have wiggle room to push on the dealership. I know that may be hard though since these cars are still just coming out.
I don’t believe so. You need to research sell prices in your local market. Check LH marketplace as well and signed deals and tips. Also, check TrueCar and Edmunds just to name a few.
The dealer is trying to steal your trade and sell you a vehicle at MSRP. You need to find a different dealer that will be honest with you. These cars should be heavily discounted.
Why would a 2025 car be heavily discounted at this point in time? I could not find any examples of leases signed for this car on LH or purchases of this car on other websites.
Avoid trading in your car for this lease deal. t’s better to sell it separately after finalizing the lease. This way, you maintain flexibility and have the option to walk away if the lease doesn’t meet your expectations, while still having a car to drive in the meantime.
You’re more likely to find a great deal on a 2024 Limited model rather than a 2025, as the supply of 2025 models is still limited. Be sure to search the marketplace within your area or check the Edmunds lease forums to find the exact RV and MF.
If you’re open to considering other makes and models, take a look at @aronchi’s January EV specials they have some very good deals.
thank you for the mention, but we do not serve FL.
#notindanger
Why are you stuck on a 2025 when a 2024 can be had for a much better price? What is important to you, a hackable lease or just getting the best price on a non- hackable lease? If the latter, then you probably already have your answer .
Sell your car to highest bidder.
Lease one from them.
I’d say give FB a try. Plenty of people who like and want Prius. Use those online offers for leverage as you will get bombarded by lowballers.
The most important question here for sure.
This is a rip off and I feel like everybody who’s told you otherwise has gotten attacked.
Should be targeting a $2K ish dealer discount (pretty standard now on 2025s across the nation). I’m doing nearly $4K off but in CA, nationwide average is $2,000-$2,500 off.
The rate looks marked up.
Your trade in should be treated separately.
Get a line of what trade in is worth to the dealer, versus what the payoff is. Then compare this offer to carvana and carmax.
I appreciate everyone’s feedback. I ended up countering them and they said “we already agreed to a deal so we aren’t changing the pricing” (not true) so I have been looking elsewhere.
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