Question on Ioniq 5 Calculator numbers

Ask the Hackrs
1

I’m using the calculator on an Ioniq 5 SE, and I’ve got some questions on the numbers I’m coming up with. Link below

RateFindr is telling me there’s $13500 in lease cash. But where does that number come from, I’m not seeing it advertised anywhere.

Secondly, I’m looking at a dealership in MD and they have Ioniqs for 40k after applying a “7500 off select Hyundai models” discount. Do you think that’d be in lieu of the Lease Cash RateFindr is telling me to ask for, or would it be stackable?

Finally, I’m not sure where the 3k tax credit that MD has would go into this.

When I put that sale price into the calculator it comes up with $2310 total cost for a 24/12 lease which seems too good to be true.

2

Is that POS (point of sale) or post-sale?

3

Good question. The tax credit goes to the leasing company but I’m not sure how it’s been counted, POS or post.

What’s the implication either way?

4

99.9% guaranteed it’s not stackable. It’s a purchase-only rebate that doesn’t apply to leases.

And create a target calculator that doesn’t have negative depreciation.

Also see this thread on why your situation could be Type B

5

I’m a little confused what this means. I’d lease the car and then give it back when the lease ends, I don’t understand the difference you’re describing.

6

That’s Type A that he is describing. But you should consider all three options, along with Type D of buying a lightly used one that already has a lot of depreciation taken out.

7

Googling this leads to an MVA page which says funding has been depleted

https://mva.maryland.gov/vehicles/Pages/27300-71T.aspx

8

Yep, no state rebates available in MD. There is probably a waiting list of thousands of vehicles if funding becomes available next year.

9

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