Hello
Here is the deal I am getting
2024 IONIQ 5 SEL
MSRP 53390
DEALER 50367
REBATES 16000
PROCESSING 799
GOVT FEE 397
LEASE ACQ FEE 650
TAXES 3069
GROSS CAP 55283
ADJ CAP COST 39750
RESIDUAL 27228
Zero due at signing
$460 per month /36/ 10,000
What did they offer for money factor? Why are you considering 36 mos / 10k when 24 mos / 12k has better residual AND better base MF? Also, that’s a high MSRP for an SEL - why not go Limited at that point?
6% off before rebates isn’t terrible. My sense is you got a pretty standard deal w/ high fees but I’m not familiar with what’s normal for Maryland.
Maybe because 6% tax on the selling price of the car is even more painful at shorter terms.
IINM you could recoup some of the tax as a tax credit upon trade-in at end of this based on the RV. Assuming better RV at 24m might make sense too
So here is how it is looking, the tax is an interesting perspective so yes although I can use it later for a trade in I also want to see what’s the best bang for buck. Apart from tax situation what would be a nice point on rebates etc? Keep in mind these are older inventory units
Did you end up getting the SEL or Limited? I’m talking with Fitzgerald as well
No, just in the process. How is it going for you?
You would only get this tax break if you could in fact trade in the vehicle at the end of thr lease for anywhere near the residual value. It would make no sense to trade in your leased Ioniq if the trade value was less than residual. Md dealers almost always low ball trade in value by 6% knowing there is a 6% tax credit on total trade value. If they are nice they only lower it by 4% to make it appear you are getting a deal!
You need to ask yourself if paying $500 - $600 a month for a Hyundai Ioniq5 is worth the money. You are in BWM 330i territory with the limited. I have driven both as rental cars recently. I prefer the BMW 330i, but I am biased to German brands. If you want electric, you can get an i4 40e for about the same price as the lower spec Hyundai.
A BMW i4/330i at the same price is 99% guaranteed to be less equipped.
Than a $60K Ioniq 5 Limited?
It’s frustrating. Everyone seems to be getting a better deal than us in VA and MD
