I am looking to sign a lease deal on a Demo Ioniq 5 N
The upfront discount and the lease cash of $7500 are driving me to the deal. Which would net a savings of $5000 over similar used one.
The only caveat is the lease buyout. The dealer is not sure what would happen at buyout. I have heard other Ioniq 5 owners buyout and not have to pay unaccrued interest (rent charge) when they buyout. You just pay the buyout fee, and payoff amount.
Can anyone help answer this, maybe a broker or owner that has done a similar buyout?
Think of a similarly performance oriented car, like an M3 or X3M a couple of years old- similar price and performance but maintenance heavy.
Take a look at Edmunds True cost to own calculator, I understand it is imperfect, but still a decent reference point for maintenance/repairs and depreciation
I am also not here to debate or justify the car itself but asking a question about lease buyout. People buy cars for tons of reasons, each unique to them.
Hi Chris did you figure this out? Looking to do the same thing. ~14-15K off MSRP with discounts/credits then immediate lease buyout to save on the rent charge. But looking to confirm that is how it will work
From what I have read it is possible. Take a look at both section 23 and 22 of the lease contract. Based on this it appears that you can buyout at anytime after the lease shows up in your HMF account. You just request a payoff and is should be close to your sale price + tax + fees + buyout fee - lease payment (without tax or rent)
