Looks like SAL window just closed on 8/1. Would bring some cash on a flip.
Sorry, I meant IONIQ 5! ![]()
No money down.
Bmw i5 at that price would of course be a steal.
Question still remains. I want a cheap away after my ioniq 5 lease ends but not sure what my options are. Happy with the 2023 ioniq 5 so wouldnāt mind another ioniq 5 lease if thatās what makes sense. Unfortunately no one offers the 2 free years of charging anymore haha.
SDGE (San Diego Gas & Electric) offering $4k āPre-Owned EV Rebateā
Edit:
I clicked more info and got this.
What you all think about the EV incentive going away at the end of september? Are we going to stop seeing deals like Chevys at $1800 or Cadillac at $4000 single payments? Are the manufactures add more incentives or just reduce more the MSRP?
I really donāt think that every PHEV or EV will go up 7.5 straight and if thatās the case, that people will buy this kind of vehicles for that much.
What are your thoughts?
One only needs look at other BEVās that had their fed gimmeās go away (When Tesla, Chevy hit their subsidy caps under the old program) to see what is likely to happen.
With Hyundai/ Genesis thereās no early turn in (financially speaking). Youāll bee responsible for all remaining payments anyway.
Is Kia be the same way since Hyundai is the parent company to Kia Motors?
Ah funny, my buddy is in the same position. Weāre going to get him a new IONIQ 5, or possibly another EV, next month.
Itās slightly unpredictable exactly what will happen without the tax credit since on the surface this will increase most leases by a minimum of $200/month, but itās pretty clear that dealers want to move EVās now while the $7,500 is still in play.
Itād be better to eat the additional payments and upgrade now IMO.
Donāt know about Kia. Donāt assume they have the same rules.
Better give them a call.
Kia is a fully separate company compared to Hyundai. (Itās owned majority by Hyundai) They operate out of Irvine, CA
Genesis is separate but owned fully by Hyundai and share some common points. (They operate out of the same building in Fountain Valley CA). Think like Ram and Dodge.
Yes theyāre āseparateā and itās messier than CDJR/Stellantis. Think Volvo and Polestar: two publicly traded companies where the common parent has ownership in both. HMC owns 33% of publicly-traded Kia, and Kia has investments in many (IIRC > 20) Hyundai subsidiaries. The captive lenders are more straightforward, KMF is a DBA of HMF (not unlike Polestar FS nursing off BofA/VCFS like a tick).
Itās rare to see that much metastasis outside of private equity.
Doesnāt seem that clear from the horrible offers I keep seeing here/on Reddit.
As always one of if not the most important takeaway from LH is do not ask for an offer and subject yourself to the marketing effect known as Anchoringā¦.it exhausting for you as itās supposed to be and the only party that is going to get a good deal out of it is the dealer.
Research on here where the market is for your target vehicle, know the variables ( mf, rv, incentives ) and send out offers via email.
Thanks, but wasnāt talking about me getting offers, just me seeing the crappy offers ![]()
I know thatās the correct approach when Iām ready to move.
Except in most cases the dealers already have been stuck with a number in the back of their mind. So no matter what you do, you have already forfeited the first mover advantage. Case in point: there are still some brand new 2024 i7 m70s left in SoCal and those boat anchors have been sitting on their lots for about 700 days. Imagine how many offers they have entertained over those 700 days! In cases like this you just got to be at the right place at the right time and essentially win a lottery.
The more scalable your approach, the better your odds. Making offers remotely and moving on is the most scalable approach.
And frankly we donāt need to care about the kind of dealership owners who are irrational enough to hold on to inventory this long. We actually donāt need to care about the ~95% of dealers who will reject a LH offer.
Most people will assume 99% failure rate (seeking offers) is essentially the same as 95% (making offers). They donāt see that one has a 5x chance of success over the other.
Iām going a little nuts trying to find a good Ioniq5 SEL AWD lease 24/12k a yr here in Minnesota. Calculator shows to hit the numbers Iām looking for ~350 a month all in, 8500 if seen as ā1 payā, Iād need to get 7 percent off MSRP. The one dealership I actually sat down with looked at me like I had 3 heads when I said āto get to the numbers that will get me in that car tonight, weāll need to pull some out of MSRPā.
Anyone have any ideas how to get around this or am I disillusioned by some of the deals and offers Iām seeing in forums? Any insight is appreciated
Oh and to clarify, the 3 quotes Iāve gotten are right at MSRP, matches what the calculator says it should be, around 11500 to 12000 total cost.
Can you share a calculator link to the deal you want? Maybe from that, someone can highlight if anything looks unrealistic.
How does 7% off compare to some of the PNDās from CA sellers? That seems to be the most competitive market for deals. I know the discount offers for this vehicle tend to be higher there than in other regions.
Iām still trying to back into either 95 or 99% odds that both appear to be plugs.


