Deal Check: Hyundai Ioniq 5 SEL AWD (IL)

Ask the Hackrs
1

I got this lease quote from a dealership and wanted to get your opinion on whether it’s a good deal or not.

Market Value (MSRP): $54,915
Discount: $3,071
Vehicle Selling Price: $51,844
Tax on Collected Items: $2,575.66
Total Cap Cost: $54,149.66
Rebate Savings: $17,000
Net Cap Cost: $37,419.66

Lease Terms:

  • 24 months/ 12k MILES
  • Monthly Payment: $423.23
  • Due at Delivery: $1,806.93

Additional Details:

  • Money Factor: 0.00276
  • Residual Percentage: 58%
  • Residual Value: $31,850.70
  • IL Tax Rate: 8.25%

Does this look like a fair deal? How do the money factor and residual value compare to typical rates? Any advice or feedback would be really appreciated!

2

I signed a deal today for a Limited RWD for $386/month with $0 due at signing. This is more per month, with money due at signing, in a higher tax state (CA).

You can do better at a 36 month term and i was able to get a 6.25% discount while you’re at 4%

3

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.