DEAL CHECK: Ioniq 5 SEL AWD Colorado

Ask the Hackrs
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Proposal.pdf
Proposal.pdf1545×2000 68.4 KB

Trying to get a deal check on the above. It’s for a Ioniq 5 AWD in Colorado. This is my first lease.

So let me break down what they sent me first:
Lease 24 Months
$ Down Est. $/Monthly
$0 $346 - $356
$1,000 $299 - $309
$2,000 $253 - $263

MSRP $52,890.00
Dealer Discount $2,000.00
Foundation Price $50,890.00
Rebate $15,350.00
Installed Protections $799.00
Trade Allowance $0.00
Trade Payoff $0.00
Acquisition Fee $650.00
Dealer & Handling $699.00
Government Fee $27.20
Total Due at Signing $0.00
Residual Value $37,023.00
Residual: 70%
Money Factor .00284
12k a year/24 months

Is this a good deal? If not, what should I negotiate on?

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Msrp is non-negotiable. Your discount is. $1200 discount is very poor.

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The $799 installed dealer protections is eating away most of your discount. Ask for another $1000 discount and you have a decent deal.

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No, this is terrible.

Search Signed Deals & Tips for Colorado deals and you’ll see

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Thanks @max_g

How does one make it good? By increasing the discount as previously suggested? If so by how much… or in some other way.

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Step 1 is always to put together a well researched target deal. That’ll tell you everything you need to know to improve this.

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K. Will dive back into the forums and figure out how to do that. Thx for the advice.

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Theres a good video in the leasing 101 section on the main leasehackr url that talks about it.

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Are the 10k hyundai rebate and the co ev taxable or non-taxable incentives?

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Is taxed.

Not too sure about this state specific rebate but this should probably go into the “POST-SALES INCENTIVES” tab at the end. Since this would be received when you file for taxes?

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The CO incentive can be transferred to the dealer so ots point of sale.

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No, it’s not a good deal.

Check out this post, this may be helpful.

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