SIGNED: Bad Deal -- 2023 Hyundai IONIQ 5 Limited AWD | $931/mo, $0 down

This is within the “15% of monthly take-home pay” rule for me.

Phone calls are a good idea! Easier to back down. Thanks for the suggestion

Look at the bright side. In about two years, you’ll be able to get into a far superior car without having to go up in payment. Something to look forward to. In the meantime, don’t think about it and learn from your mistakes the way most of us have also done.

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Only a few each year are worthy…

…but as was said many times before if this is the worst financial mistake you make in your life you are doing fine.

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He knows he messed this one up. We don’t need to rub salt into his wound imo.

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I love this. Thanks friend :blue_heart:

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I did the same mistake with my first Audi. See if you find a better deal maybe even another IONIQ to roll the negative equity to. I wonder if it can drop your monthly by a few hundred bucks

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15 posts were merged into an existing topic: Off Topic Landfill 5

The Venn diagram of those who can afford a $900 lease out of college, and those who have enough buyers remorse to post online about it a year later is probably very very small.

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Is affordability at issue here or the fact that he got a terrible deal on this particular car? I’m reading it as the former.

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Any buyer’s remorse would be directed at my inability to make a good deal. I absolutely love the car and have no regret for picking this one. I am asking on this forum where I went wrong so that I can do better at making a deal in the future. That does not mean that I am hurting for money.

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I was just answering his question

Good for you for grabbing something you felt was dope outta school. I also am with you to an extent on the “life is short” principle. I’m currently leasing a $101k M4 Comp X-Drive and I’m only 28; could I be saving more, sure? Would I be having as much enjoyment everyday? Absolutely not. Money is everything, but personal happiness has to play a role too.

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No offense in the grand scheme of things, it’s really not that big of a deal assuming you’re paying 400 more per month x 36 months = 14K, or 4.5K/year. You’ll be fine buddy

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Thanks, you are right. It’s not the outcome I hoped for but I can still make the most of it and learn from where I went wrong so that future deals turn out better :slight_smile:

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I would not necessarily avoid the dealer before finding a deal online or through email if you haven’t test drove the vehicle, however you have to be adamant about going in there only to test drive unless you know what numbers are good and they come close to that. Although I’d still would be ready to walk out and see if you can find something better. I know a couple of people who signed a good lease deal but hate the car that they got but at least they were able to transfer it due to the lease being a good deal.

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Wow such a violation of my privacy

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@OP, do the math on a buyout to see if it will benefit you to eat the negative equity today and find a cheaper car. EVs are dirt cheap right now. There are plenty of brokers here on the forum who can get you into a $300/mo Hyundai, Kia, Nissan, etc.

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Be nice. Stay on topic.

You missed a few.

Also as a rule of thumb, you may not get a “great deal” when you are set on a particular model because how discounts and incentives work. Either way, with a broker, you will not pay more than 99% of the buyers and you can make an educated decision knowing you are not being taken advantage of.

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