Im currently looking to lease a new Ioniq 5 in CA. As many of you know, the competitive vehicle lease rebate, especially on an Ioniq 5 13mo lease, can be a big piece of savings toward the total effective cost.
The issue is that the according to almost all of the dealerships Ive talked to, as well as the leasebrokers Ive asked, the rebate only works if the owner of the competitive vehicle (my roommate) co-signs the lease. So essentially, it’s been a no-go during my search.
However, one of the dealerships Ive talked to says that they, in fact, do not need my roommate to sign anything at all. The only thing they need is the VIN for the car and for my registration to match the address on the VIN. With the savings, the dealership becomes the most competitive offer available by a few hundred.
Im pleasantly surprised, but also just a bit wary. Is this rebate something that they can try to claw back on at a future date? Is this rebate qualification something I can actually find at a lot of other dealerships? This is in SoCal.
Generally speaking (I don’t know Hyundai specifically) those rebates are defined as being the same household, so if your roommate truly lives with you, at the same address with the same unit number if it’s an apt, then in most cases, I would feel safe saying you qualify, but that all depends on the language the manufacturers use on their rebates, if they define that it must be family and the same household, that would not qualify.
Manufacturers can technically charge the rebates back to the dealers and living in the same household is easy to lie about. Dealers may have been burned before and probably trying to protect themselves.
While true, if they do legitimately live together, it would be easy to prove, their address should be the same on both DL’s, unless their is a stipulation that it is same household and an immediate family member, that wouldn’t fly.
Some brokers were posting the details as in: Spouse’s name-need a marriage certificate , child-need a birth certificate etc, so I don’t think “roommate” will qualify for this rebate, if dealer is willing to try-just take it
