Deal Check: Kia EV6 Wind RWD

[Deal Check] KIA EV6 Wind RWD, SF Bay Area

Hello hackers! First time leaser looking for some feedback on this deal.

I tried to replicate this in the calculator but numbers are off by a little bit.

Here are the numbers given by the dealer.
Lease term : 36 months , Miles: 10k

0$ Down - Monthly Payment $653
$5000 Down - Monthly Payment $499

Selling Price: $50860.09
Rebates: $7500
Total Savings: $8529.91
Fees: $1403.00
Amount financed: $45990.83
MSRP: $51,890

Residual: $30615.10(59%)
MF: 0.00216

I was told by the manager that the residual didnt include the $7500 rebate(it was a little confusing to me)
Here is what I understood:
$499*36 = 18k
Down = 5k
Total 23k at the end of 3 years
If I wanted to buy the car lets say at the end of 3 years. I essentially should be paying 22-23K(roughly)

What am I doing wrong? is this a good deal? I would really appreciate any help in this regard. Thank you

It’s only $1k discount on msrp. You need to push for more to get a better deal. Does this include taxes on the incentives?

Broker deal in SoCal - $490/mo with $2k drive offs

https://forum.leasehackr.com/t/socal-hyundai-kia-lease-and-purchase-deals-september-very-low-ev-phev-leases/413676/345

Thank you for the reply, I am not sure if it includes the taxes on the incentives. The $1k was after I asked him to get the monthly payment down and thats what he gave me, how much can I push for?

Wow looks like its less than what I am getting

2023 Ioniq6 SEL RWD :battery: :zap: (almost gone)

MSRP: $49050

$2000 due at signing + $595 Broker Fee

24/12k - $409 plus tax
36/10k - $431 plus tax

24/12k - $307 plus tax (With Hyundai Loyalty)
36/10k - $361 plus tax (With Hyundai Loyalty)

or

2023 EV6 Wind RWD :battery: :zap:

MSRP: $50200

$2000 due at signing

36/10k - $490 plus tax

How do I compare which is better? and what is not being included here? Sorry if the questions are too basic as this is the first time I am doing this kind of math or understanding how this works.

They’re very similar. You’ll need to test drive them to see which you like better. Or watch some YouTube videos. Not sure if there is no broker fee on the EV6, or he just left it out. You put $2k on your cc at the dealer, and you add local taxes to the monthly. Once you pick up the car, you pay the broker via Zelle. Text message the broker. Very easy process. No pressure from dealer. You’ll probably need to fly down and Uber to the dealership

I test drove both and they seem very similar considering Kia owns Hyundai and Thank you for explaining. This sounds pretty easy. Do they not ship it out? Flying out and bringing the car seems like an additional hassle and how does this affect the registration if i decide to go down?

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They might ship. You can ask. It’s doesn’t affect registration; it’s all in the same state. Tax is calculated based on your address.

Thank you @cahrens. Got a new deal from the link you posted in norcal.

Selling price 48200
Monthly with 3k down is $505
residual is 59% and MF is .00216

This includes tax based of my zip code. What do you think?

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Why do you think you’d only pay $22-$23K on a $30K residual??? You will be paying the RESIDUAL price $30K at the end of 3 years plus tax

Too high. you should be aiming for something < 530 no down for an EV6

Thank you, I was told that the second offer i posted here - Deal Check: Kia EV6 Wind RWD - #9 by Ghostflyer is the least I can get.

Thank you, it was my lack of understanding.

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