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Car Buying Advice - 2017 Hyundai Ioniq Lease Question

leafdriver90leafdriver90 Member Posts: 16
edited April 2017 in Hyundai
Hi Everyone,
Would anyone be able to provide me the residual value and money factor for the Ioniq hybrid Blue trim for 36 month/12,000 miles per year?

Thanks.

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    leafdriver90leafdriver90 Member Posts: 16
    I have a proposal from a dealer for $500 drive off and 35 subsequent payments of $206 including sales tax. Wondering if I can get them to go down to $0 down and $200/mo.
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    MichaellMichaell Moderator Posts: 245,351

    I have a proposal from a dealer for $500 drive off and 35 subsequent payments of $206 including sales tax. Wondering if I can get them to go down to $0 down and $200/mo.

    We suggest you limit the up front cash to the first payment and any relevant DMV costs.

    $6/mo is just a couple hundred dollars off the selling price.

    No information yet as to how well the Ioniq is moving, so only your dealer can tell you if there is that much room to negotiate on the price.

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    leafdriver90leafdriver90 Member Posts: 16
    edited April 2017
    Thanks again, that was my goal but the dealer said they'd otherwise do $225/month. The $500 includes the first payment, so the approximate amount down is ~$294.

    Proposal A:
    $225 * 36 =$8100

    (They did not specify how much for tag and registration)


    Total: $8100 (plus annual excise tax and disposition fee)


    Proposal B:
    $206 * 35= $7200
    $500-includes first payment, and "drive off".

    Total: $7700 (plus annual excise tax and disposition fee)
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    wreckemwreckem Member Posts: 10
    What would the 36/15k MF and Residual be for the Ioniq Hybrid Limited with Ultimate package be?
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    kyfdxkyfdx Moderator Posts: 243,821
    wreckem said:

    What would the 36/15k MF and Residual be for the Ioniq Hybrid Limited with Ultimate package be?

    Sorry, but we didn't get the Hyundai programs for May

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    cliffcranecliffcrane Member Posts: 14
    Any lease numbers yet for May, anyone? (Ioniq Hybrid and Elantra Eco)
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    MichaellMichaell Moderator Posts: 245,351

    Any lease numbers yet for May, anyone? (Ioniq Hybrid and Elantra Eco)

    Sorry, no Hyundai lease numbers for May.

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    tarheel18tarheel18 Member Posts: 6
    Anyone have June money factor and residual value for 2017 Ioniq Hybrid Blue trim?

    Looks like Hyundai is running a special on their 36/12 lease - $219 per month plus $1,999 due at lease signing. From this forum I've gathered that best to limit upfront payment to DMV + first month payment. Anyone have success in getting a lower monthly payment?
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    kyfdxkyfdx Moderator Posts: 243,821
    tarheel18 said:

    Anyone have June money factor and residual value for 2017 Ioniq Hybrid Blue trim?

    Looks like Hyundai is running a special on their 36/12 lease - $219 per month plus $1,999 due at lease signing. From this forum I've gathered that best to limit upfront payment to DMV + first month payment. Anyone have success in getting a lower monthly payment?

    Sorry, but we didn't get the Hyundai programs for June.

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    tarheel18tarheel18 Member Posts: 6
    Thanks, can someone evaluate this deal:

    2017 Hyundai Ioniq Blue Hybrid
    Lease term: 36 months/ 12k miles per year
    MSRP: $23,210
    Selling Price: $19,887 (includes $1,500 in lease cash)
    Residual: 56%
    MF: 0.00040
    CA tax 9% (dealer is in NorCal)

    Drive off is $761 which includes:
    $142.27 tax
    $241.18 first payment
    DMV fee: $288
    Doc Fee: $80
    CA Tire Fee: $8.75

    Monthly payment is $241.18 per month thereafter.
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    kyfdxkyfdx Moderator Posts: 243,821
    tarheel18 said:

    Thanks, can someone evaluate this deal:

    2017 Hyundai Ioniq Blue Hybrid
    Lease term: 36 months/ 12k miles per year
    MSRP: $23,210
    Selling Price: $19,887 (includes $1,500 in lease cash)
    Residual: 56%
    MF: 0.00040
    CA tax 9% (dealer is in NorCal)

    Drive off is $761 which includes:
    $142.27 tax
    $241.18 first payment
    DMV fee: $288
    Doc Fee: $80
    CA Tire Fee: $8.75

    Monthly payment is $241.18 per month thereafter.

    With $19887 as the CAP cost, I get $204.53/mo.+tax.

    I'm guessing there is a $595 acquisition fee added on to that, to bring the CAP to $20,482.
    That would make the payment $221.29/mo.+tax = $241.21

    Dang... off by 3 cents..

    The tax paid upfront is on the $1500 lease cash.

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    tarheel18tarheel18 Member Posts: 6
    edited June 2017
    Thanks very much. Really appreciate your help.
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