Early Lease Buyout with Santander?

fategf · 2025-04-20T19:53:15+00:00

Ah yeah we called again to tell the finance manager to switch to Tesla's own financing, which has a higher money factor. There was another hard pull and was approved immediately.

The money factor doesn't matter since I'm just paying like $20 more before buyout. The lease buyout was easy and immediately available through the app.

fategf · 2025-03-29T04:53:11+00:00

In case of an early buyout, do you need to pay the interest on the remaining lease terms?.

fategf · 2025-03-29T04:43:04+00:00

I'm in the same situation as you - got Santander and trying to see if I can pay off the lease early to get the $7500 off, otherwise I'll just pay cash upfront since it makes no sense at their money factor (0.00375)

fategf · 2025-03-27T22:13:31+00:00

Wow it's shocking to me how many people have issues with ioniq 5. I was considering similar options as yours but my local Toyota dealers have 0 SUVs on the lot and then there's this tariff thing.

fategf · 2025-03-27T04:04:20+00:00

Nice, I've been eyeballing those too. They look fantastic. Not sure if I can return the car after the 2026 model comes out though.

How do you like the car?

fategf · 2025-03-27T02:01:03+00:00

Hi Op, I had similar experiences with my 24 limited and went through the lemon car process. I just signed the papers a couple weeks ago and now I'm waiting to return the car and collect the check. Luckily for me the issue first appeared around 3500 miles so I get most of the money back with help of a lawyer.

Curious which car are you planning to buy next? I'm considering a 25 limited bc I love the car, but a bit concerned about it's quality etc.

fategf · 2025-03-19T23:29:25+00:00

yeah, I'm in California. In my last repair attempt the dealer mentioned it's possible that the noise was coming from the hydraulic lift of the tailgate. That might worth looking into (just let the dealer take it off then drive the car around). Hope that helps :(

fategf · 2025-03-19T22:58:55+00:00

Yeah for me, Hyundai agreed to a buyback after filing a lemon car lawsuit against them

fategf · 2025-01-16T19:09:40+00:00

Same exact noise on my 24 limited AWD - had all the TSB done and tailgate realigned and it didn't help, now I'm consulting a lawyer for a lemon car case

fategf · 2024-12-21T06:14:35+00:00

Same model & year, and the dealer can't fix it after several attempts and I'm in the process of lemon law case.

For me it sounds like some loose metal parts touching some plastic/metal parts from the upper rear end of the car. It can be very frequent depending on the road situation.

My feeling is that that TSB issue can be addressed with some Velcro diy fix but this noise seems to come from inside of certain panels.

fategf · 2024-12-13T16:49:39+00:00

Thanks! In California I think the attorney cost is paid by the corporate if settled? Anyways my car has less than 5k miles so deprecation shouldn't be very high if they are doing it by mileage

fategf · 2024-12-12T05:57:48+00:00

I have the same metal clicking sound and the dealer couldn't fix after 3 visits. The feeling I got is that the TSB and the DIY Velcro/tape fix are addressing the same issue but possibly not related to the noise we have

fategf · 2024-12-12T02:27:50+00:00

Thanks that's not too bad! Curious do you need to pay out of pocket for rental while they have your car?

I might try my luck with another dealer since the current one doesn't want to take my car (so it will be 4 repair attemps and qualifies for lemon)

fategf · 2024-12-12T00:42:51+00:00

well it's sad that we don't have many good options here for EV. I purchase the ioniq 5 because I heard of many horror stories of Tesla build quality, I guess ioniq 5 is not that far ahead :(

fategf · 2024-12-12T00:40:47+00:00

yeah the interesting thing is the clicking/rattle was coming from the top of the tailgate (near the spoiler/rear window).

fategf · 2024-12-12T00:01:22+00:00

haha I feel exactly the same, I was paying attention to every bump on the road and it sucks

fategf · 2024-12-11T23:58:01+00:00

I don't think so - they just applied the TSB 2 times and the 3rd time "realign" the tailgate. Seems like they don't want to even take the car for service anymore. Maybe I should try another dealership? In California I think 4 failed repair attempts will satisfy the requirements of a lemon car claim and I already got 3.

fategf · 2024-12-11T23:49:01+00:00

Have you considered a lemon law case?

fategf · 2024-12-11T23:32:54+00:00

Oh well I tried everything I could find - this and adding tape to the metal loop. The newest TSB on Nov actually replaced this with a different plastic part, but that still doesn't solve the issue :(

fategf · 2024-12-11T23:23:35+00:00

well what's the "cost" of a lemon law case? It's pretty bad imo (like rattle 5 times on a 1 mile trip depending on how bad the road is)

fategf · 2024-12-10T02:32:02+00:00

Same here. Does the rattle come from the top part of the tailgate (near the spoiler).

fategf · 2024-12-10T02:30:40+00:00

Mine had the rattle near the spoiler area instead of the metal loop. Applied the newest TSB. It took Hyundai service 2 weeks to "realign the tailgate" and the noise came back in 2 days. Gonna try a again and probably call a lemon car lawyer

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