SIGNED! 2024 Hyundai Ioniq 5 Limited AWD - One Pay $3,800 - 13/10k

[Dimples88]

Hey everyone!

Long-time lurker here, but this is my first time posting a signed deal. I’ve been following the forum for a while and have learned so much from all of you, so I figured it’s finally time to share my own experience.

I’m definitely not a professional “hackr” and I’m not sure if this is the absolute best deal out there, but it’s a deal I’m really happy with and can comfortably live with. It’s been a bit of a journey navigating the leasing process, and I wanted to share where I ended up in case it helps anyone else who’s in the same boat.

Thanks to everyone who has posted their deals and advice—it made a big difference in getting me to this point!

Condition: Brand New (not a loaner or demo)
Year: 2024
Make: Hyundai
Model: Ioniq 5
Trim: Limited AWD
Color: Abyss Black on Black

Type: LEASE - ONE PAY
MSRP: $59,070
Money Factor: 0.00025
Residual: 65%
Rebates: $17,250 (Includes conquest + unknown)
Discount: $3,272.43
Selling Price: $55,797.57
Tax Rate: 10.25%
Taxes: $1,890.59
Fees: $1,449.00
Due At Signing (ONE-PAY): $3,799.88

I tried to complete the leasehackr calculator, but unfortunately I’m a little confused and can’t seem to get it correct haha. Would love and appreciate some help to get the calculator correct. Here’s the link below!

LeaseHackr Calculator

Looking forward to hearing your thoughts and assistance!

[ceeduck]

What’s the unknown incentive though haha

[Hypnotics]

Inventory coupon

[trism]

Congrats on the new car!

Most of the calculator discrepancy is in the fees.

Doc fee in CA is almost certainly going to be $85 (it’s capped), and the government fees would include title and registration fees, which are certainly higher than $113 (more like $6xx).

[ceeduck]

Pardon my newness, but what is that and how do you find them?

[eau_rouge]

How does this 13 months work?
Is it like you pay $700 for car registration at the 12-month mark and let the car go in a month?
Or is it possible to give the car back right before registration is due?

[oldmax]

That’s a great deal! I’m looking for the same car. What was your process - did you propose terms to dealers or did you solicit bids and choose the lowest? Were you specifically going for a specific stock number?