Deal Check: Hyundai Ioniq 5 SEL AWD (2023)

[Zackjslee90]

Deal Check for Ioniq 5 SEL AWD

My current hyundai lease is ending in Jan-23 and looking at Ioniq 5 SEL AWD 2023 model

Here is a quote I received from one dealer.

MSRP: $52,820
Hyundai Rebate: $7,500
Dealer Discount: $3,000
Selling Price: $42,320

MF: 0.00265
Residual Value: $32,748 (62%)

Doc fee: $200
Registration: $857.75
Acquisition fee: $650
Down Payment: $2,500

Monthly Payment before tax: $482.50
After $534.61

Could anyone advise me if this is a good deal? can I negotiate anything?
Thank you!

[jme]

Meh deal, but not because the dealer. The lease rates just aren’t great for these cars anymore.

[forbs]

If you have the spare cash, a one pay prepayment will make it much cheaper

[Zackjslee90]

I agree on one payment will make this much cheaper. Unfortunately the dealership doesn’t have this option…

[NicLT]

Instead of a “one pay” lease are you able to make a higher down payment? For the interest if you have the spare cash laying around might be able to stick it in a high yield savings account/CD for the duration of your lease to help offset.

I’m in WA and going through the same issues getting a dealer to do one pay…

[Zackjslee90]

I was looking to have $0 Down, $0 DAS. And this was what I did with my current lease I have. But looking at the rate, it’s a total different story now. I will need to try working with dealers in November and see if any new discount comes up…