Hyundai Ioniq 5 lease

Ask the Hackrs
1

Good evening everyone,

Thank you first of all for this forum.

My mum got T-boned in an accident a few weeks ago, and she’s looking for a new lease.

I got some silly numbers from Honda for an HRV and a CRV which doesn’t make sense for a 25-30k car.

I went to a Hyundai dealership and looked at the Ioniq 5 for her. the SEL model.

These were the numbers I got on a money factor of 0.00313 and RV of 57% after 36 months.

Could anyone advise me if this is a good deal. can I negotiate anything?

The goal is to buy out the buy/refinance the car after 3-4 months to get the 7500 ev credit on the lease which she wouldn’t be eligible if we we purchased the car, I hope that makes sense!

Thank you so much!

Market Value Selling Price $50,765.00
Discount. $2,500.00
Rebato 7,500.00
Adjusted Price $40,765.00
Taxable Fees (Estimated) 66.50
Dealer Services Fee* 899.00
Tax 557.93
Non Tax Fee 802.00
Balance 43,090.43

2000 down = $699 / month
3000 down = $665/ month
4000 down = $632/ month

The monthly payment includes 7% sales tax

2

You should look in the market place and find the closest broker offering these in your area. The numbers you have are much higher compared to what is being offered. The fee you pay will be rewaded many times over.

1 Like
3

I would honestly love this, where would I find brokers from if possible? I’m in the Central Florida area if that helps

Thank you so much!

4
5

What’s the MSRP? It’s not necessarily this :point_up_2:t4:

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6

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992F2191-9CFA-4385-BA33-3E22B59FEFDB768×1024 178 KB

Does this help?
Ty!

7

no. they were asking for the MSRP. you should see that on the dealer site. also, please add a calc link so you know where else they are jacking up the rates

8

MVSP (Not MSRP) is a big clue you are getting ripped
MVSP usually means, I’ve added a ton of ADM, so we can afford to ‘discount’ some.

9

Ok now I understand what you mean.

I went to truecar and found the same exact model, only difference is the interior seats are white at the dealership while truecar has them in black.gray

https://www.truecar.com/new-cars-for-sale/listing/KM8KN4AE3PU171724/

Would this mean the MSRP is $44,350?

Thank you!

10

Go build out the car on Hyundai’s official site.

1 Like
11

That’s a great idea!

It came out to 47,450 + $1,335 (freight) = $49,235

Thanks!

12

says 49770 on their site.

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13

That doesn’t sound correct. The math is obviously wrong.

14

$49,770 is correct!
The sales rep just got back to me!

Thank you!

15

So they slipped a 1k ADM in their sheet. Find another dealer , these guys will cheat you in Finance somehow.

2 Likes
16

Thank you so much!

The 1k is important because it can technically lower my monthly payments by $30 correct?

Thank you!

17

And they probably added interest which can jack it up up to $100/month.
This is a stealership, stay away.

18

I reached out to Robert from Rev Lease since he had Hyundais as well on his title post, he said he doesn’t do EV’s :frowning:

I’ll need to try finding other brokers who can help, I’m definitely out of my comfort zone here

19

Holy crap, that’s crazy…
Can I ask them to just lower it by 1k, would that help?
Ty!

20

Sure you can ask them, and I’m sure they will figure out a different way to make money off you.