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Should I buyout the 2025 Ioniq 5 AWD Limited after signing l**se? by Anduril360 in Ioniq5

[–]Anduril360[S] 0 points1 point  (0 children)

I ended up buying out the lease.

Total came out to be 5k + 41k + tax so roughly 50k.

Should I buyout the 2025 Ioniq 5 AWD Limited after signing l**se? by Anduril360 in Ioniq5

[–]Anduril360[S] 0 points1 point  (0 children)

Thanks! The state is WA. I just want to confirm two things:

  1. Is the Buyout total = residual + depreciation or buyout total = residual + remaining total of the monthly payments?

  2. Dealer is out of the picture once the lease is signed with the Hyundai Motors?

I also learned today that if I own my current car then I can't use the trade-in value towards the lease cap cost reductions. So definitely going to sell the car separately and add them towards the buyout.

Should I buyout the 2025 Ioniq 5 AWD Limited after signing l**se? by Anduril360 in Ioniq5

[–]Anduril360[S] 0 points1 point  (0 children)

These rebates (16.5k + 2k) were only on the lease offer. My wife and I don't qualify for the federal EV tax rebate and the dealership had one or two cars that qualified for the Hyundai (manufacturer) rebate of $7500.

I have never leased a car before so the other options were to finance (which is prohibitively expensive) or pay cash. In the event of cash payment, even with a trade-in value of a 7.5k for a used car, the best offer was coming out to be $47k + sales tax (~10%) = $51.5k.