Anyone getting any deals on Kona EV?

TheLinuxGuyTheLinuxGuy Member Posts: 9
edited June 2019 in Hyundai
Shopping around in northern CA seems like no dealer is going below invoice for this vehicle.

There's no discussions for this model on edmunds discussing pricing or leases so thought I would start this one.
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  • MichaellMichaell ColoradoModerator Posts: 206,185

    Shopping around in northern CA seems like no dealer is going below invoice for this vehicle.

    There's no discussions for this model on edmunds discussing pricing or leases so thought I would start this one.

    You can check this link to see if there is any room to move on this model:
    https://www.edmunds.com/tmv.html

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  • nsrvnsrv Member Posts: 9
    same here...looking to buy next month in southern CA... please let me know of any deals or incentives
  • MichaellMichaell ColoradoModerator Posts: 206,185
    nsrv said:

    same here...looking to buy next month in southern CA... please let me know of any deals or incentives

    We don't have any information on the August programs, at this point.

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  • SweetySweety Member Posts: 27
    RV/MF/Incentives for KONA EV Ultimate for 94568 please
  • kyfdxkyfdx Moderator Posts: 207,802
    Sweety said:

    RV/MF/Incentives for KONA EV Ultimate for 94568 please

    What term and mileage allowance?

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  • nsrvnsrv Member Posts: 9
    hi, any deals out for August yet..looking to purchase in SoCal (90250)
  • kyfdxkyfdx Moderator Posts: 207,802
    nsrv said:

    hi, any deals out for August yet..looking to purchase in SoCal (90250)

    August programs start on August 1st

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  • mdashalimdashali Member Posts: 5
    Any update now that we are in August
    kyfdx said:

    nsrv said:

    hi, any deals out for August yet..looking to purchase in SoCal (90250)

    August programs start on August 1st
  • goodvibes123goodvibes123 Member Posts: 6
    Hello. I'm looking to see what the MF, RV, and incentives are for the 2019 Kona Electric SEL and Limited trims for 36/12 in 06042. Also, do you know if the federal tax and state incentive can get applied on top of any normal incentives/deals that are currently available?

    Thank you!
  • MichaellMichaell ColoradoModerator Posts: 206,185
    mdashali said:

    Any update now that we are in August

    kyfdx said:

    nsrv said:

    hi, any deals out for August yet..looking to purchase in SoCal (90250)

    August programs start on August 1st
    What trim level?
    What lease term and miles per year?

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  • MichaellMichaell ColoradoModerator Posts: 206,185

    Hello. I'm looking to see what the MF, RV, and incentives are for the 2019 Kona Electric SEL and Limited trims for 36/12 in 06042. Also, do you know if the federal tax and state incentive can get applied on top of any normal incentives/deals that are currently available?

    Thank you!

    LTD - .00188 and 45%
    SEL - .00193 and 46%
    $7500 lease cash, which is what you get in lieu of the federal and state tax incentives.

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  • Nathan0490Nathan0490 Washington, DCMember Posts: 9
    Can you please provide RV/MF/Incentives for KONA Electric Ultimate for 22314? 36/12 and 36/15.

    Thank you!
    Current cars: 2018 Infiniti Q50 RS400 AWD, 2018 Tesla Model 3 DM LR
  • MichaellMichaell ColoradoModerator Posts: 206,185

    Can you please provide RV/MF/Incentives for KONA Electric Ultimate for 22314? 36/12 and 36/15.

    Thank you!

    I think these numbers are valid for VA:

    36/15
    .00162 and 43%
    $7500 lease cash

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  • lindamarlindamar 98607Member Posts: 9
    Hello-
    I'm looking for the MF/RV/Incentives for 36 month/15K for the Kona EV SEL and LTD trim versions. Zipcode 98607
    thank you
  • MichaellMichaell ColoradoModerator Posts: 206,185
    lindamar said:

    Hello-
    I'm looking for the MF/RV/Incentives for 36 month/15K for the Kona EV SEL and LTD trim versions. Zipcode 98607
    thank you

    LTD - .00122 and 40%
    SEL - .00097 and 40%
    $7500 lease cash

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  • outlaw33outlaw33 Member Posts: 17
    edited November 2019
    Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA
  • kyfdxkyfdx Moderator Posts: 207,802
    outlaw33 said:

    Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA

    36/15
    LTD: .00122 MF and 40% residual
    SEL: .00130 MF and 41% residual

    $7500 lease cash

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  • outlaw33outlaw33 Member Posts: 17
    kyfdx said:

    outlaw33 said:

    Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA

    36/15
    LTD: .00122 MF and 40% residual
    SEL: .00130 MF and 41% residual

    $7500 lease cash
    Thanks.
  • sfsandysfsandy Member Posts: 4
    I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!
  • kyfdxkyfdx Moderator Posts: 207,802
    sfsandy said:

    I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!

    2020
    .00109 MF and 44% residual
    $7500 lease cash

    2019
    .00097 MF and 43% residual
    $7500 lease cash
    $500 bonus cash

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  • sfsandysfsandy Member Posts: 4
    kyfdx said:

    sfsandy said:

    I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!

    2020
    .00109 MF and 44% residual
    $7500 lease cash

    2019
    .00097 MF and 43% residual
    $7500 lease cash
    $500 bonus cash
    Thank you! Hyundai just posted a new lease offer for the Kona EV (below). Does this change the MF/RV? I'm new to leasing, so appreciate the advice.

    Lease
    $349 per month for 36 months with $3,899 due at lease signing

    Lease Offer
    Closed end lease for 2020 Hyundai Kona EV available from 12/3/19 through 1/6/20, to well-qualified lessees. Offer valid only when financed through Hyundai Motor Finance. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Offer shown based on $3,899 due at lease signing (includes $349 first payment and $3,550 capitalized cost reduction in addition to $400 Dealer Contribution). No security deposit required. MSRP $38,045 (includes destination, excludes tax, license, title, registration, documentation fees, and cost of optional equipment). Third-party fees vary by state or locality. Net capitalized cost of $27,245 includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Lessee responsible for insurance, maintenance, and repairs. Monthly payments total $12,564. Option to purchase at lease end $17,500.70 plus tax and purchase option fee. If not purchased at lease end, Lessee shall return vehicle and pay disposition fee, as well as $.20 per mile over 10,000 miles/year, and excess wear and use charges. Purchase option and disposition fees apply except where limited by applicable law. Must take delivery of new vehicle from dealer stock by 1/6/20. See participating dealer for details.
  • sfsandysfsandy Member Posts: 4
    To clarify, I'm wondering whether the MF/RV is updated given new manufacturer deal:

    I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV. Zipcode 94114. Can I get for both SEL and Ultimate trims please? Thank you!
  • dansinladansinla Member Posts: 16
    I believe that's only for the SEL trim, but I'm intrigued about the additional $400 dealer contribution on top of $500 bonus cash and $7,500 lease cash, and for me I there's also $500 loyalty cash. kyfdx, does that $400 dealer contribution work for any trim?
  • kyfdxkyfdx Moderator Posts: 207,802
    sfsandy said:

    To clarify, I'm wondering whether the MF/RV is updated given new manufacturer deal:

    I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV. Zipcode 94114. Can I get for both SEL and Ultimate trims please? Thank you!

    No, the numbers we gave you are the current numbers

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  • kyfdxkyfdx Moderator Posts: 207,802
    edited December 2019
    dansinla said:

    I believe that's only for the SEL trim, but I'm intrigued about the additional $400 dealer contribution on top of $500 bonus cash and $7,500 lease cash, and for me I there's also $500 loyalty cash. kyfdx, does that $400 dealer contribution work for any trim?

    It isn't really a "contribution". It is the assumed dealer discount to get the proposed deal. It isn't an extra incentive

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  • dansinladansinla Member Posts: 16
    Hi Kyfdx, wanted to confirm the MF and RV for a 2020 Kona EV Ultimate here in Los Angeles zip is 91364, with 36mo/12k miles. Thank you.
  • MichaellMichaell ColoradoModerator Posts: 206,185
    dansinla said:

    Hi Kyfdx, wanted to confirm the MF and RV for a 2020 Kona EV Ultimate here in Los Angeles zip is 91364, with 36mo/12k miles. Thank you.

    .00109 and 43%
    $7500 lease cash

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  • ATYogiATYogi OregonMember Posts: 2
    Hey Friends. I’m looking for RV/MF, 10Kmiles, 36 months, 97202 is my zip-code. Thanks so much!

    2020 Kona EV - limited and SEL
    2019 Kona EV - Ultimate
  • kyfdxkyfdx Moderator Posts: 207,802
    ATYogi said:

    Hey Friends. I’m looking for RV/MF, 10Kmiles, 36 months, 97202 is my zip-code. Thanks so much!

    2020 Kona EV - limited and SEL
    2019 Kona EV - Ultimate

    LTD: .00136 MF and 44% residual
    SEL: .00161 MF and 45% residual

    Ultimate: .00097 MF and 43% residual. $500 bonus cash


    $7500 lease cash on all

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  • dansinladansinla Member Posts: 16
    Have the January 2020 numbers come out yet for Hyundai? Still looking at the 2020 Kona EV Ultimate, 91364 zip code, MF and RV for 36 months and 12k miles. Thanks.
  • kyfdxkyfdx Moderator Posts: 207,802
    dansinla said:

    Have the January 2020 numbers come out yet for Hyundai? Still looking at the 2020 Kona EV Ultimate, 91364 zip code, MF and RV for 36 months and 12k miles. Thanks.

    December programs were extended through Monday

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  • SnomisSnomis Member Posts: 1
    What are the current lease deals on 2020 base trim. Hyundai website is a bit unclear/not loading
  • MichaellMichaell ColoradoModerator Posts: 206,185
    Snomis said:

    What are the current lease deals on 2020 base trim. Hyundai website is a bit unclear/not loading

    What is your ZIP code?
    Lease term and miles per year?

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  • ethandethand Member Posts: 40
    For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!
  • MichaellMichaell ColoradoModerator Posts: 206,185
    ethand said:

    For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

    For which trim?

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  • ethandethand Member Posts: 40
    Limited, in Ceramic Blue.
  • kyfdxkyfdx Moderator Posts: 207,802
    ethand said:

    For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

    ethand said:

    Limited, in Ceramic Blue.

    Sorry... 2019 or 2020 model?

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  • ethandethand Member Posts: 40
    2020.
  • MichaellMichaell ColoradoModerator Posts: 206,185
    ethand said:

    For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

    ethand said:

    Limited, in Ceramic Blue.

    ethand said:

    2020.

    .00129 and 41%
    $8000 lease cash
    $500 bonus cash

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  • ethandethand Member Posts: 40
    Thank you kindly for this. And please forgive my ignorance: is the $8000 lease cash the Federal tax incentive? Or is that offered by Hyundai to lower the MSRP?
  • kyfdxkyfdx Moderator Posts: 207,802
    ethand said:

    Thank you kindly for this. And please forgive my ignorance: is the $8000 lease cash the Federal tax incentive? Or is that offered by Hyundai to lower the MSRP?

    The owner of the vehicle gets the tax incentive (HMF, in this case). The lease cash is a consumer rebate, applied as a CAP cost reduction. Hyundai's way of passing that incentive on to you.

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  • ethandethand Member Posts: 40
    Okay, understood. How may I refer to that amount in my current lease negotiations? Is that $8000 a published amount somewhere?
  • ethandethand Member Posts: 40
    Dealer continues to stonewall with "There is a $7500 federal rebate that the owner of the vehicle receives. Hyundai passed this along to the consumer in the form of lease cash. when you lease the vehicle Hyundai owns it and you are leasing it from them, so they receive it. This is why there is not the $7500 rebate on a purchase, due to you being the owner and you would have to apply for it yourself. I am happy to match the selling price of $40396. If this helps you the lowest money factor available on this vehicle is .00136 and the 12k residual is 43%. I have no problem making you a great deal but we cant double dip on incentives."
  • ethandethand Member Posts: 40
    Are the .00129 and 41% in fact for the 2020 Kona EV Limited. I am being told those were for the 2019, with .00136 and 43% being the 2020 values... ?
  • MichaellMichaell ColoradoModerator Posts: 206,185
    ethand said:

    Are the .00129 and 41% in fact for the 2020 Kona EV Limited. I am being told those were for the 2019, with .00136 and 43% being the 2020 values... ?

    Whoops - dealer is right. We did give you 2019 numbers, by accident.

    No purchase incentives on 2020 Kona EV - you would have to qualify for the incentives through your tax return.

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  • ethandethand Member Posts: 40
    Sheesh, without purchase incentives the monthly payment on a lease are going to be atrocious. What gives, Hyundai? At this point—nothing?
  • kyfdxkyfdx Moderator Posts: 207,802
    ethand said:

    Sheesh, without purchase incentives the monthly payment on a lease are going to be atrocious. What gives, Hyundai? At this point—nothing?

    New programs start tomorrow...

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  • ethandethand Member Posts: 40
    That's great news. Where/how can I find out about them?
  • ethandethand Member Posts: 40
    ? ?
  • ethandethand Member Posts: 40
    Hello @kyfdx and/or @Michaell —anyone there?
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