I’m shopping a one-pay lease on a 2025 Hyundai Ioniq 5. If I compared two offers that were about equal, but one had a much lower residual value (RV), then I should be willing to take the offer with the lower RV, if there is some non-zero chance that I would buy the vehicle at the end of the lease. Is that right?
For similar 2025 Ioniq 5 XRTs on 24-month leases, one dealer had the RV at about $35,000 (although it wasn’t one-pay), the other at about $29,000. When I use Rate Finder calculator to to approximate the second one, it has RV at about $35,000.
My understanding is that residual value is set and can not be changed by the dealer. Therefore, I would take the one with the correct residual (the one that matches what you find online or in the calculator) rather than the one that appears incorrect to reduce the chance the dealer comes back to backtrack on the deal.
RV doesn’t change whether it’s a one pay or not, @cranius is correct in the fact that the rv is set by the lessor, not the dealer.
Typically when you see a difference in RV make sure you’re comparing apples to apples. As in they are both 24/10 or 36/10 and make sure it is the same trim level vehicle. Occasionally it can be a different lessor ( Ally or USBank ) though off the top of my head Hyundai / Kia are almost always done by their respective leasing banks ( Kia Financial or Hyundai Financial ).
Whatever Ratefinder says is most likely your answer on RV / MF although it being Nov 2 I imagine a new program comes out tomorrow.
We really try not to speculate on here, it’s pretty rare to see a massive swing one way or the other. It very well could be $12 less per month or $8 more. More than likely it’s small tweaks to mf or maybe rv goes up or down a point.
No one gets a heads up of what the program is going to be before it’s released.
