Lease evaluation Hyundai IONIQ 5 Limited

Hello,

I am new to leasing and need help with the given quote. It’s not as good as a recent lease on the forum (link below), I might negotiate a bit more but I’m also confused on why the lease calculator is giving me a different monthly payment than what was listed in the lease paper. It seems the Residual Value is correct, but I don’t understand what Paid by Customer is, is that just down payment or include taxes and fees as well? And the Government Fee seems different from the other post

Down Payment 24 Mo (0.00126) 36 Mo (0.0016)
$1,999 $487 $484
$2,999 $442 $454
$3,999 $398 $423
Lease Term / Miles Per Year 24 Mo / 12
MRP/Retail $59,500
Sale Price $56,500
Proc/Doc Fee $200
Government Fee $650
Acq. Fee $650
Paid by Customer $1,999
Rebate $13,500
Adjusted Cap Cost $44,426
Residual Value (61%) $36.295

SIGNED! 2024 Hyundai Ioniq 5 AWD Limited, 484/mo, DAS First month, 24mo/12k - Signed Deals & Tips - FORUM | LEASEHACKR

If you post your calculator attempt, we can help there.

1 Like

Ask about the 13 month, it’s nice

Here is the calculation, sorry I didn’t know that it’s sharable

Per the calculator it’s only $423 a month after tax with $1,999 down. But per the sale person, it’s $487 per month. Why the difference?

I haven’t considered the 13 month lease because it’s quite short, and I don’t really want to go through this experience again. Is it a much better lease considering you have to pay for registration twice? I’m just curious

Incentives probably are taxed.

Looks closer here: