I have an Ioniq 5 reserved. I’ll be purchasing it when it arrives in 2 weeks. I haven’t asked the dealer about leasing it to get the $7,500 tax credit applied as a cap cost reduction. VW just started allowing this. A post on LeaseHackr suggested getting the VW lease and then refinancing at a bett…

RV + Unpaid Payments + Disposition (Sometimes) = The Max Amount. It’s guaranteed to be slightly less than that but without knowing your MF you can’t get the proper amount and even then it’s complicated Math to get the true number.

[image] forbs: It’s guaranteed to be slightly less t It’s going to be significantly less than that, as it doesn’t include the monthly tax or rent charge. Most everyone uses the adjusted lease balance method, where the buyout is the adjusted cap cost less the sum of the applied monthly base p…

[image] mllcb42: It’s going to be significantly less than that As you like to say to me all the time, this depends, if the lease was a super low 0.00001 then that amount is pretty low. If on the last 2 payments, it also doesn’t become significant. I said ‘slightly’ to be safe

[image] forbs: As you like to say to me all the time, this depends Yes, you’re right, it does depend. In this case though, we’re talking about a strategy here to buy out a new lease, so definitely not in the last couple payments, and in California where a good 10% of the payment is going to t…

I’m hoping for some lease buyout expertise on this issue. My dealer advises that if I lease the Ioniq 5 and then buyout the lease asap, I will end of with an overall purchase price that may save about $6,500 or so on the cost compared to a straight purchase at MSRP. My concern is that I have not se…

[image] 2023 IRA EV/PHEV Lease Credit "pass-through" Signed Deals & Tips Somebody on the Ioniq 5 forums posted the early lease buyout rules for HMF. It looks like the buyout amount is adjusted cap cost minus deprecation + rent charges paid. So you save $7500 minus lease f…

That is helpful … I think! Is the consensus that the verbiage in the lease terms is consistent with the tax credit largely being passed through if you make a buyout? I note the general comments that the Hyundai leases themselves are not a good deal but is the buyout approach the way to go?

[image] NYSpur: Is the consensus that the verbiage in the lease terms is consistent with the tax credit largely being passed through if you make a buyout? The tax credit is passed through the moment it gets listed as an incentive on the contract. The bigger question being addressed there is …

Understood — so is the position that it is clear that you will “only pay rent charge for the months you hold the lease” and, consequently, the cost of purchase leads to a saving?

Yes, the contract as shown is consistent with that. Youd want to verify any contract you signed, but the language is like every other lease contract i have ever seen.

Ioniq 5 Leasing as a backdoor into the EV tax credit

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mllcb42 March 4, 2023, 12:00am 51