Something isnt Right - Cant figure out what the Dealer is doing

Ask the Hackrs
1

I am currently in talks with a Hyundai Tennese dealer and have provided the dealer document containing the breakdown along side the one from Michigan. Let me know if you need anything else.

I am located in Michigan, and the vehicle I am considering leasing is the 2024 Ioniq 5, RWD.

12/24

Initially, the proposed deal was for a 2024 Ioniq 5, AWD, with a quoted amount of $253. However, this figure was based on taxes from Georgia, not Michigan. The dealer suggested a monthly payment of $156 for the RWD model, but this estimate also did not consider Michigan taxes… The Tennessee dealer is telling me it’s due to MI taxes, but I suspect there may be factors beyond taxes contributing to the discrepancy.

Ive received documentation from a buyer in Michigan who leased a 2024 Ioniq 5 AWD for $283 per month - their numbers are on the same sheet.

The discrepancy between the $253 and $256 monthly payments seems significant to me, and I believe there is something funny going on.

In theory, I could get a RWD cheaper in Mi, but this dealer was providing great deals and super easy to work with. Somethings off.

ioniq
ioniq1759Ă—1246 416 KB

2

Youre only looking at one piece of the puzzle here. You need the rest of the contract that specifies what’s paid, what’s capitalized, etc.

1 Like
3

I have the other portion of the contract if that helps?

Looks like the one dealer in tennesse is adding in some antitheft thing that’s 1200 and a doc fee of 890 vs 260… so about an 1800 add on.

4

Learn how to lease and use the calc first.

5

What was the outcome of this? Can you pls pm me the dealer you went with im struggling to find a deal.