This car is so, so cool and I am over the moon. An incredible thrill to tap a card for $3,840 to lease a car for 2 years. Thank you, sincerely, to the folks who run this site, contribute, and to those who chose kindness & helped me out. This means a lot to me and my family.
Calculator
Signed!
Hyundai Ioniq 5 Limited AWD
Atlas White /
MSRP: $59,940
Discount: -$3,000 (5%)
Dealer fee: $699
Non-taxable fees: $11.94 + $650 acquisition
Taxable selling price: $58,300.94
Residual value is $35,364.60 (59% RV) so depreciation is $22,936.34 which means
Rent: $674!!! (as MF is 0.0003)
Total base single payment: $23,610.72
Tax: $2,080.08
Total single payment: $25,690.80
Rebates: $21,850
- $5,350 Colorado EV tax credit
- $14,500 Hyundai lease cash
- $1,000 conquest
- $1,000 “fast start flex cash” (no real idea, possibly aged inventory or possibly just because I was nice - this was 4x physical $250 coupons I had to sign individually, very funny)
$25,690.80 single payment - $21,850 in rebates = $3,840.80 one pay.
This could be a “modest” $350/mo payment or $9k one pay, but the $5,350 from Colorado made this impossible to pass on.
There may still be some meat on these bones, and I hope someone is lurking and can beat me, but this store was a total shitshow trying to run a lot of “complicated” deals (ripping people off) by two managers. My salesperson was the most straightforward, responsive, honest, and educated one across 10+ stores I contacted this week. The manager’s office was very intense, and I waited way, way too long to get in with him to fend off a last-minute attempt to mark up the money factor to .0007 after agreeing to .0003 the night before.
I did not ask about the $699 dealer fee at any point. I would love to see someone figure out stacking all of the discounts with a waived fee and a buy rate MF. Depending on taxes, that would get you into a $60k car for under $125/mo.
Stray thoughts:
- my Denver city taxes are 8.81% Denver, parts of unincorporated Weld County are like 2.9%
- an SEL would be dramatically cheaper but the full Limited trim is extremely well appointed (the HUD, roof, cameras)
- I was particular about a not-black exterior and the gray interior, many aged units have black exteriors and the gray interior is like sitting in a god damn space ship
- I think the tax on the rebates breaks the calculator, it is a little off on these deals but was incredibly helpful throughout this process
This forum got me into a great lease in 2021 that saw a lot of major life events. When the market sucked this spring I ended up financing a used hybrid CRV, a decent deal on a car I’ve come to hate this year. Getting out from that loan (with positive equity!) into this has me feeling very positive about 2025. Thanks again.