Hyundai buyout quote

Ask the Hackrs
1

Hello,
I just leased a Hyundai ioniq 5 sel. The contract has a
Adjusted cap cost $43,167
I got a buyout quote from Hyundai finance website and that says $46,029
Why is it 3k over, I was expecting same or lower than cap cost

Does it take time to reflect the right amount? I haven’t received any paperwork yet, just created the account in Hyundai financial website

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2

Your quote probably includes sales tax which the contract most likely would not. The increase seems about 7% which sounds about the tax rate.

3

HFS system probably doesn’t have state-specific knowledge such as EV being tax exempt in NJ.

4

Ok that seems likely, will they apply the tax exemption if I go through with the process later