The program is H220 and it only applies to EVs. It just started on March 1st, so it's possible your dealer is unaware of it. It is scheduled to run through the end of the calendar year, but that could always be changed.
For non-EV models, it's still .00040.
OK, another dealer inquired specifically about H220 just now.
He got back a "not for distribution" North Carolina terms sheet dated for deals from March 19-April 1 and funded by April 15, with "H202" on it, not H220, which I'm reading off of now. However, it has fine print at the bottom which says,
Deduct 2% for 15k leases. Add 1% for 10K miles. All leases are eligible for .0004 MF Participation. Single Pay Lease [H220] reduces special lease MF up to 0.0004. [bolding mine]
So, no .0009 reduction to be found...?
H202 is the standard program that contains every model's lease program. H220 solely addresses the Single Pay EV lease program. (with the special .00090 reduction)
Hi what I meant by unadvertised is even some of the Hyundai dealers didn't seem to know about it. I originally called them on the SE rwd program at $239/month 2 yr lease. Noone seemed to have any 24 SE RWD s. 1 dealer had a 24 SE AWD and said they would work out a deal for me. They gave me a text of a sheet of paper with 3 options on it for 2 yr leases . $0 down $320/month $1k down $272/month $2k down $226/month. I decided to go with $226/month. On the piece of paper it also had 3 yr leases which were in every case over $160-$200 more per month. Have my level 2 charging cable coming today and all weather mats for it. Good luck to All.
Here's the deal I got. I think it's strong. Thoughts? They're even making my first payment. Without putting $1K down it was $319 per month, all in. With the $1K down it's $274 per month.
Please share where you ended up. That's such an important part of this board. We so appreciate the moderators sharing the data. It's an amazing service. But it's also important to understand where everyone lands so we can negotiate better....
2024 Hyundai IONIQ 6 SEL 4dr Sedan AWD (electric DD) High Deal — 6% off of MSRP Pricing Details MSRP: $50,460
Selling Price Before Incentives (Estimated Savings 6.32%): $47,269 - They gave me $3191 off MSRP here.
Cash Incentives: $12,000 - $10K lease cash plus another $2,000
Selling Price After Incentives: $35,269
Residual value: 68%
Annual Miles: 12000
Trade-in and Down Payment Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: $1,000
Financing Acquisition Fee: $595
Lease Term (months): 24
Estimated Money Factor (Equivalent to 6.14% APR): 0.00256
Here's the deal I got. I think it's strong. Thoughts? They're even making my first payment. Without putting $1K down it was $319 per month, all in. With the $1K down it's $274 per month.
Please share where you ended up. That's such an important part of this board. We so appreciate the moderators sharing the data. It's an amazing service. But it's also important to understand where everyone lands so we can negotiate better....
2024 Hyundai IONIQ 6 SEL 4dr Sedan AWD (electric DD) High Deal — 6% off of MSRP Pricing Details MSRP: $50,460
Selling Price Before Incentives (Estimated Savings 6.32%): $47,269 - They gave me $3191 off MSRP here.
Cash Incentives: $12,000 - $10K lease cash plus another $2,000
Selling Price After Incentives: $35,269
Residual value: 68%
Annual Miles: 12000
Trade-in and Down Payment Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: $1,000
Financing Acquisition Fee: $595
Lease Term (months): 24
Estimated Money Factor (Equivalent to 6.14% APR): 0.00256
@unbrokenpete said:
Here's the deal I got. I think it's strong. Thoughts? They're even making my first payment. Without putting $1K down it was $319 per month, all in. With the $1K down it's $274 per month.
Please share where you ended up. That's such an important part of this board. We so appreciate the moderators sharing the data. It's an amazing service. But it's also important to understand where everyone lands so we can negotiate better....
2024 Hyundai IONIQ 6 SEL 4dr Sedan AWD (electric DD)
High Deal — 6% off of MSRP
Pricing Details
MSRP: $50,460
Selling Price Before Incentives (Estimated Savings 6.32%): $47,269 - They gave me $3191 off MSRP here.
Cash Incentives: $12,000 - $10K lease cash plus another $2,000
Selling Price After Incentives: $35,269
Residual value: 68%
Annual Miles: 12000
Trade-in and Down Payment
Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: $1,000
Financing
Acquisition Fee: $595
Lease Term (months): 24
Estimated Money Factor (Equivalent to 6.14% APR): 0.00256
Here's the deal I got. I think it's strong. Thoughts? They're even making my first payment. Without putting $1K down it was $319 per month, all in. With the $1K down it's $274 per month.
Please share where you ended up. That's such an important part of this board. We so appreciate the moderators sharing the data. It's an amazing service. But it's also important to understand where everyone lands so we can negotiate better....
2024 Hyundai IONIQ 6 SEL 4dr Sedan AWD (electric DD)
High Deal — 6% off of MSRP
Pricing Details
MSRP: $50,460
Selling Price Before Incentives (Estimated Savings 6.32%): $47,269 - They gave me $3191 off MSRP here.
Cash Incentives: $12,000 - $10K lease cash plus another $2,000
Selling Price After Incentives: $35,269
Residual value: 68%
Annual Miles: 12000
Trade-in and Down Payment
Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: $1,000
Financing
Acquisition Fee: $595
Lease Term (months): 24
Estimated Money Factor (Equivalent to 6.14% APR): 0.00256
It was just extra money the dealer threw at the deal to close for month end. They hadn't sold a single IQ6 in over a month. They had 8 on their lot. So, they were getting super aggressive to move them.
Comments
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I hear you kyfdx. But, that's not what NC dealers seem to be getting from HMF as of today.
Here, at the bottom, are the T&C cut and pasted from the actual HMF terms sheet. Note the last sentence.
ETA: of course I would love this to be wrong, as it would save me > 1% APY on the entire residual for 2-3 years if I could get a deal done.
Ask them to look for H220.
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File name: 2024-003 HMF EV Single Pay Lease H220 March 2024
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Hello, can I get the residual and MF for
24/15k SE AWD and SEL AWD
for zip code 07728?
Plus any lease cash. Thanks
.00247 and 71%
.00348 and 62%
SEL
.00256 and 66%
.00239 and 58%
$10K lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If you don't mind could you help me out with the 24/12 MF and residual for SEL AED & LTD AWD trim. Zip code: 34431. Thanks, in advance!
SEL: .00256 MF and 68% residual
$10,000 lease cash
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Hi, could I get MF and RV and any lease cash for a 2024 SE AWD and same for RWD in 40503? 24/12, 24/15, 36/12 and 36/15 please, thank you.
24/15: .00247 MF and 71% residual
36/15: .00348 MF and 62% residual
RWD
.00286 MF and 74% residual
.00337 MF and 65% residual
$10K lease cash
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Sorry, could I also get the same information for 24/12 and 36/12? Thank you!
Sorry, could I also get the same information for 24/12 and 36/12? Thank you!
Add 2% to residual
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Zip Code: 94588
3 yr term
12k as well as 10 miles/yr.
Thank you.
RWD or AWD?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Zip Code: 78745
2 yr term and 3 yr term
12k
Thank you.
.00348 MF and 64% residual
$10K lease cash
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May I have the RV, MF and incentives for an Ioniq 6 SEL AWD for 24/15k and 36/15k in 60201 please.
.00239 and 58%
$10K lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
SEL: .00280 MF and 71% residual
$10K lease cash
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The dealer is telling me the MF is .0030 and I don't believe that. Residual on the SEL AWD they are saying 69% vs 68%
Thanks in advance!!
.00256 MF and 68% RV
$10K lease cash
Could the dealer be using a different bank? We only have numbers from Kia Motors Finance.
Dealer can mark up the MF for extra profit, but the residual is fixed by the bank and cannot be changed.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Please share where you ended up. That's such an important part of this board. We so appreciate the moderators sharing the data. It's an amazing service. But it's also important to understand where everyone lands so we can negotiate better....
2024 Hyundai IONIQ 6 SEL 4dr Sedan AWD (electric DD)
High Deal — 6% off of MSRP
Pricing Details
MSRP: $50,460
Selling Price Before Incentives (Estimated Savings 6.32%): $47,269 - They gave me $3191 off MSRP here.
Cash Incentives: $12,000 - $10K lease cash plus another $2,000
Selling Price After Incentives: $35,269
Residual value: 68%
Annual Miles: 12000
Trade-in and Down Payment
Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: $1,000
Financing
Acquisition Fee: $595
Lease Term (months): 24
Estimated Money Factor (Equivalent to 6.14% APR): 0.00256
Credit Tier: Excellent
Security Deposit: 0
Taxes & Fees (Acquisition & dealer fee added separately): $1,024
Estimated Monthly Payment
Total of Lease Payments: $6576
Monthly Lease Payment (Before Taxes and Fees): $174
Taxes and Fees: +$100
Monthly Lease Payment (After Taxes and Fees): $274 - MONTHLY PAYMENT
Click to edit details: https://edmu.io/XEyD
Thanks for the detailed report.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, can I please get the RV, MF, and incentive for SEL and LTD AWD, and RWD, 24/12k, zip 33032.
MF and residual and incentives for SEL AWD 3yr/10k and 2yr/10k. Zip code: 11725. And will this change is April?
LTD R - .00239 and 69%
SEL A - .00256 and 68%
SEL R - .00280 and 71%
$10K lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$10K lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00239 and 60%
$10K lease cash
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
In the calculator for 2yr and 10k it shows:
RV 62%
MF: 0.00183
Should it match the numbers you gave me ?
Also MF and residual and incentives for SEL AWD 3yr/12k and 2yr/12k. Zip code: 11725.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00239 and 60%
$10K lease cash
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The extra $2000 cash was valued owner coupon??
May I have the RV, MF and incentives for an Ioniq 6 SEL RWD for 24/15k and 36/15k in 75001 please.
The extra $2000 cash was valued owner coupon??
It was just extra money the dealer threw at the deal to close for month end. They hadn't sold a single IQ6 in over a month. They had 8 on their lot. So, they were getting super aggressive to move them.
.00239 MF and 56% residual
$10,000 lease cash
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Hello, can I get the residual and MF for
24/12k SE
for zip code 98038?
Plus any lease cash. Thanks
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Sorry, RWD. Want the range
Sorry, RWD. Want the range
.00286 MF and 76% residual
$10K lease cash
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Hi folks - can you please share the MF, RV, and any incentives for 36/10 Limited, SEL, and SE for 14534.
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AWD, thanks!
AWD, thanks!
LTD: .00216 MF and 59% residual
SE: .00348 MF and 65% residual
SEL: .00239 MF and 61% residual
$10K lease cash
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Thank you! I have a fairly wide radius - for Hyundai, is MF and RV based on lessee zip or dealer?
Thank you! I have a fairly wide radius - for Hyundai, is MF and RV based on lessee zip or dealer?
For the IONIQ 6, the numbers are national.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige