I’m thinking of leasing an Ioniq 5 because of the lease rebate and state incentives available to me. With all the rebates and incentives applicable at point of lease, I will have:
7500 manufacturer rebate from HMF
2500 state rebate
2200 energy rebate
Possibly: 3000 trade in my ICE car rebate (not sure I’m going to do this one as I want my old gas clunker as backup).
In any case, looking at 12-15000 in EV incentives that are applied at signing. My plan is to buyout the lease immediately after signing but I have no idea what the numbers should actually look like in my lease agreement:
MSRP is 47280
Incentives are 12200
Should the MSRP go down because of incentives? Or will it only affect the adjusted capitalized cost? Are those things different? If residual value is too high will that screw my buyout cost? Like what numbers should I be keeping an eye on to know I’m not getting screwed, and what should they roughly look like?
Lease details:
36 months
10k miles
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