# Lease vs Finance for Ioniq 6 Limited AWD **URL:** \ **Category:** Ask the Hackrs\ **Tags:** hyundai, vt\ **Created:** [August 24, 2024, 7:32pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435 "2024-08-24T19:32:48Z")\ **Posts on this page:** 17\ **Page:** 1
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 7:32pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/1 "2024-08-24T19:32:48Z")
Debating between leasing or financing an Ioniq 6 Limited AWD. Leasing over 36 months gives me a $11,000 rebate, but financing gives me a $7,500 rebate. Most I’ve been able to get from a dealer was a $4700 discount, but for a gravity gold matte which I do not care for. I’m pre-approved to finance at 4.49%/60 months. If I were to lease, I would pay first months at signing, then buyout. Would my buyout price be term payments + residual or the selling price - $11,000 rebate? Of course either option includes whatever early buyout fee. If the buyout price is term payments + residual, it doesn’t seem worth it vs just straight financing, as the residual is 54%. Super new to the leasing world, so any advice is greatly appreciated. Thanks so much! ---
**Author:** ![Qbrozen](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/qbrozen/32/40846_2.png) [@Qbrozen](https://forum.leasehackr.com/u/Qbrozen)\ **Post date:** [August 24, 2024, 7:46pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/2 "2024-08-24T19:46:20Z")
> [@liamlovesyou](#): > > Would my buyout price be term payments + residual or the selling price - $11,000 rebate? Neither. Selling price - incentives + taxes + fees + a little extra in interest from inception to payoff processed Definitely worth leasing first for the extra incentive. ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:03pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/3 "2024-08-24T20:03:03Z")
Man, if that’s the case, I can score a killer deal. All I gotta do is navigate these slimey dealers haha. ---
**Author:** ![LAK1ngs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lak1ngs/32/66360_2.png) [@LAK1ngs](https://forum.leasehackr.com/u/LAK1ngs)\ **Post date:** [August 24, 2024, 8:22pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/4 "2024-08-24T20:22:34Z")
Let’s make it very easy for you: do NOT buy any brand new EV at this point in their development. Lease only or buy very deeply discounted used. Hard stop. ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:29pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/5 "2024-08-24T20:29:38Z")
This car does 10-80% in 18 minutes, 270-280miles on a single charge. We won’t see better numbers on this for at least 3-4 years, 5-6 if we’re being real. Waiting for what’s around the corner will always have you waiting. ---
**Author:** ![LAK1ngs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lak1ngs/32/66360_2.png) [@LAK1ngs](https://forum.leasehackr.com/u/LAK1ngs)\ **Post date:** [August 24, 2024, 8:32pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/6 "2024-08-24T20:32:06Z")
Talking about depreciation ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:33pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/7 "2024-08-24T20:33:09Z")
Doesn’t impact me, I’m driving this until it don’t ---
**Author:** ![LAK1ngs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lak1ngs/32/66360_2.png) [@LAK1ngs](https://forum.leasehackr.com/u/LAK1ngs)\ **Post date:** [August 24, 2024, 8:33pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/8 "2024-08-24T20:33:51Z")
So you don’t care about TCO? ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:37pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/9 "2024-08-24T20:37:40Z")
Why should I? Cars are a depreciating asset, they’re just tools. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [August 24, 2024, 8:38pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/10 "2024-08-24T20:38:09Z")
> [@liamlovesyou](#): > > I’m driving this until it don’t When was the last time a car told you unambiguously that it’s dead — and dead beyond any kind of resuscitation? Every old car that seemingly dies ultimately presents you a repair bill and then you have to make the judgement call that making that investment will be worth it. ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:41pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/11 "2024-08-24T20:41:13Z")
Hard to compare gas to electric for repair costs. ---
**Author:** ![LAK1ngs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lak1ngs/32/66360_2.png) [@LAK1ngs](https://forum.leasehackr.com/u/LAK1ngs)\ **Post date:** [August 24, 2024, 8:43pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/12 "2024-08-24T20:43:31Z")
Do you even know what TCO means? > [@liamlovesyou](#): > > Hard to compare gas to electric for repair costs How so? How does it matter if your AC or infotainment die outside the warranty? Same for brakes, suspension, etc. ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:46pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/13 "2024-08-24T20:46:52Z")
Cost of business, if you’re this concerned about outside of warranty repairs, why aren’t you just driving a manual Civic? ---
**Author:** ![C10H12N2O](https://leasehackr.b-cdn.net/letter_avatar/c10h12n2o/32/5_5575768a8748004e209b776fc1b2916d.png) [@C10H12N2O](https://forum.leasehackr.com/u/C10H12N2O)\ **Post date:** [August 24, 2024, 8:47pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/14 "2024-08-24T20:47:02Z")
People that have bought and sold many cars, driven many miles and have been around long enough know when to get out, sell or whatever the case may be. This is way before the car dies! ---
**Author:** ![LAK1ngs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lak1ngs/32/66360_2.png) [@LAK1ngs](https://forum.leasehackr.com/u/LAK1ngs)\ **Post date:** [August 24, 2024, 8:55pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/15 "2024-08-24T20:55:10Z")
Wow, why didn’t this CPA with 25+ years of experience think of this??? Let me drop everything to dump my $152K MSRP AMG EQS @ about $550/mo effective to see if I can locate my daughter’s old Civic, lol. You clearly have no clue what you’re saying, just parroting what you read or heard elsewhere. GL, not interested in arguing with someone who can’t get out of their own way. It’s your money, spend as you wish. Someone has gotta help out the economy! _PS: That’s not what TCO means for cars_. ---
**Author:** ![liamlovesyou](https://leasehackr.b-cdn.net/letter_avatar/liamlovesyou/32/5_5575768a8748004e209b776fc1b2916d.png) [@liamlovesyou](https://forum.leasehackr.com/u/liamlovesyou)\ **Post date:** [August 24, 2024, 8:58pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/16 "2024-08-24T20:58:00Z")
You haven’t made any argument? You’ve just asked random questions and got mad at yourself when I answered them. All you’ve stated is “don’t buy”. Why? ---
**Author:** ![system](https://leasehackr-assets.b-cdn.net/original/3X/f/7/f76e5433b417879e07ad6f0cee47e239c8f1cdd4.png) [@system](https://forum.leasehackr.com/u/system)\ **Post date:** [October 23, 2024, 8:58pm UTC](https://forum.leasehackr.com/t/lease-vs-finance-for-ioniq-6-limited-awd/590435/17 "2024-10-23T20:58:21Z")
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