Year, Make, Model, and Trim: 2020 Hyundai Ioniq EV SE in blue.
Purchase price: $32,500
Monthly Payment: $261
Drive-Off Amount: $270
Annual Mileage: 12k
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.