I’m thinking of using equity in my Rivian plus the 7500 lease cash to pick up an Ioniq 5 limited. The MF is atrocious at .003610, but the RV for 24 mo is actually 63%. If I were you I buy out the car immediately, the buyout would be RV plus remaining payments minus finance charge? Are there any pitfalls I need to watch out for? Would it be worth it to ask them to up the MF in lieu of a discount or do a one pay?
If you can, see if a Dealer can help you with the buyout. There have been cases where Hyundai charges you sales tax when you buy it out directly and doesn’t tell DMV that , so you pay Sales Tax again.
Does Hyundai even offer one-pay option?
I’ve asked the same question as you in this thread:
Somebody posted the buyout rules and they do look favorable.
Thank you for this. Confirmed they don’t allow onepay on ioniq5