Is this deal too good or do I need to relax a bit?

Hello Folks,

As per prior recommendation, I now have the Rate Findr and it’s freaking awesome… I have used that to generate this lease 2024 Ioniq 5 - SEL - RWD which I’m planning to show it to our local dealer. Please let me know if it’s too aggressive or if I forgot to add/remove something. Thanks again for your time.

Cheers,
TC

1 Like

Check out Signed! to see how an example hyundai ioniq 5 lease is.

Unfortunately, you’re missing several required fees like govt fees, registration etc.

The lowest one pay I’ve seen this month is about $6000 in southern California.

Northern California onepays are much higher, upwards of $7k

1 Like

Thanks Asha for your quick response… Do you know what’s a good LeaseHackr Score? I understand higher is better, but I’m not sure how the score differs for each car company or model. Thoughts?

A good leasehackr score is whatever you’re happy with! LOL

In all seriousness, from my limited time in the forum, I think a deal with a leasehackr score of double digits is pretty good, and anything more than 15 years is a really good and rare deal.

The highest I’ve seen with a proper calculator was 19 or 19.5 years and those are usually unicorns or extremely limited time deals.

It all depends on you and what you are good with. Also make sure to compare with only your market, so comparing your deal to some place in Florida doesn’t make sense since the market is different.

1 Like

That’s why the LH score is not a helpful metric.

Compare your proposed lease to what brokers are offering in your area and what you’ve found in Signed!

1 Like

Hmm… makes sense… Here is another shot after review two deals in Nor-cal. Let me know what you think: Ioniq 5 - SEL - RWD - Take2

1 Like

Yes, it is too good to be true. Look at the breakdown of your cost in the calculator. The depreciation is negative because you are using the wrong residual percentage. Two year residual is 70%.

Keep all your related posts in the same thread. No need to continue making new threads.