How did I do? The leasehackr score implies unicorn level deal-- or do I misunderstand how one categorizes a ‘unicorn’?
Year, Make, Model, and Trim: 2020 Hyundai Ioniq Limited
MSRP: $ 39,570
Purchase Price: $35,506.45
Monthly Payment: $ $275
Drive-Off Amount: $$275 (first payment, only)
Annual Mileage: 10,000
Incentives: $10,000 lease cash
Region: northeast/NJ specific
Leasehackr Score: 22.6 years
Leasehackr Calculator Link: 2020 Ioniq Limited - NJ
The real value (in my opinion) here is that, in NJ:
- sales tax on EVs is $0 (I think also on plug in hybrids?).
- this car qualifies for a $4,250 incentive from NJ based on battery.
- I think there will be up to $500 incentive for installing level 2 charger at home (NJ only/not yet available) as well as a 30% federal tax credit.
My Elantra, a lease I was already happy with, is $220 a month. This is $275, but I get $4,250 in my pocket! I will detail how I will be disposing of my Elantra next week, once the deal is complete…
How did I do on this lease? Always eager to learn!
I do know that if I had waited a few days, the money factor would have lowered slightly and the incentives would have gone up by $250, but I gave my word to the sales manger–once I give my word, I dont back out. It would have shaved about $10/month off.