Working with a dealer on a 24mo/12k mile lease on an Ioniq 5 SEL AWD. Here is the deal sheet and a calculator. Please let me know how/if i need to adjust the calculator. This is an HMF lease. <a href="https://leasehackr.com/calculator?make=Hyundai&miles=12000&msrp=52900&sales_price=50250&months=24&mf=0.002983&msd=0&dp=0&dealer_fee=700&acq_fee=695&disp_fee=0&taxed_inc=10000&untaxed_inc=0&rebate=0&resP=73&reg_fee=60&sales_tax=7&demo_mileage=0&memo=&tradein=0&fin_sp=0&fin_taxed_fee=0&fin_untaxed_fee=0&fin_term=60&fin_apr=1.85&fin_dp=0&fin_rebate=0&fin_ps_rebate=0&keep_term=60&exp_rv=0&monthlyTax_radio=true&cap_tax=true&bmw_demo_25=true&lease_result_mode=true&dealerFee_check=false&govFee_check=false" rel="noopener nofollow ugc">Calculator MSRP: 52900 Selling price: 50250 Incentives: 7500+2500 loyalty Adjusted price: 40250 Etch …

Thank you for the info. Much better scenario for everyone. Now on to FB marketplace.

OK so thinking outside the box, I went to a junk yard to find an old Hyundai with a valid registration. Not easy, but found one. Told the guy I’d pay him $350 to sign the title over to me. Then sign it back to him after the lease deal is done and he of course keeps the $350. Is this a valid scen…

You need the registration. So you would have transfer title as well. You would also need to insure it, at least here in CA in order to register it

OK my apologies, I left that part out. Yes, since I would have the title, I’d be able to register it as well. In addition to getting insurance for a month or so I guess. Can’t be much on an old Hyundai. But to get the $2500 Loyalty rebate for an Ioniq, this scenario seems like a possible route. …

Yes. Someone has already done what you are describing, but they weren’t able to see the car so they ended up junking it. He was still ahead at least a thousand dollars. I can’t find the thread.

Thanks! I figured something along these lines had been done before. Sounds like my scenario is a little better for both parties. I don’t have to deal with the vehicle as it would stay in the junk yard. And I would sign the title back to him so he could “sell” it again. And the $350 is pretty lo…

this is the way! how long does it take for you to get registration in your state? i’m hoping i’d be able to walk in to BMV here in Indiana and get a temp plate and registration right there

It’s been so long I can’t remember how long it takes. I will have to check as well which state is better for leasing…Virginia or South Carolina as I can register a vehicle in either state since I live in both. (I have an SC license but can get a VA license in a day if needed) Whichever state is c…

Consider whether your state requires an inspection for registration. My state requires an emissions inspection, which of course means it has to be drivable and not missing a catalytic converter, etc.

Oh yes, South Carolina has zero emissions or inspection. So that settles that. Very important as I forgot about the requirements for registration. Virginia has emissions and inspection so not a chance ha! Thanks for the heads up!

Deal Check: Ioniq 5 SEL AWD 24mo/12k miles lease

Ask the Hackrs

z0lt3c September 24, 2023, 1:19pm 27

This thread covers acquiring a Hyundai beater…