NJ: 2020 Hyundai Ioniq EV SE $261 all rolled in (Effective payment $133.22)

Year, Make, Model, and Trim: 2020 Hyundai Ioniq EV SE in blue.
MSRP: $34,000
Purchase price: $32,500
Monthly Payment: $261
Drive-Off Amount: $270
Months: 36
Annual Mileage: 12k
MF: .00113
Residual: 47%
Incentives: $10,000 Hyundai incentive, $400 college grad, $250 Bonus Drive, $4,250 NJ EV rebate. (No sales tax for EVs in NJ).
Effective monthly payment: $133.22
Leasehackr Score: 21.3 years
Leasehackr Calculator Link:

Called a bunch of dealers to try to find one that would get the purchase price down. This one promised $32,000. Drove an hour to get there, and they run the numbers based on $34,000. After pointing this out, sales guy is like “but you’re getting $10,000 in incentives so you’re really getting it for $24,000”. I stayed firm and pointed out that I had made sure that the price agreed to was before incentives. In any case, after speaking to his manager, he came back with $32,500. They did try adding a $299 charge for VIN etching to the numbers which I made them remove, and tried pitching me various protection plans, but overall, it was pretty smooth, though the process did take over 3 hours, even though we didn’t even test drive the car or spend time looking at it. We went straight to business.

So far I am really enjoying the Ioniq. Very full featured for the price.


Congratulations! Enjoy the car!

Isn’t there also a $7500 federal tax credit on Ioniq? Making your monthly payment -$72 :astonished:

@overmotion Hyundai Motor Finance gets that. They basically pass it along, though.

@volvo1 Thanks! Considering I was driving a 16 year old Ford Focus until now, I think I will :).

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