The Best Lease Deal in America Right Now | 2024 Hyundai Ioniq 5
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- เผยแพร่เมื่อ 16 พ.ค. 2024
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In my opinion, the Hyundai Ioniq 5 is one of the best lease deals in the country so far in 2024! In this video, I'll dive deep into why the 2024 Hyundai Ioniq 5 is not just an exceptional EV but also one of the best lease deals available in the country. First off, the Hyundai Ioniq 5 is sub 1% lease deal, it comes with the $7500 ev tax credit, and it comes with the option to buy at the end of your lease.
Sub 1% Lease Deal Explained: Learn how the Hyundai Ioniq 5 offers a monthly payment with $0 down that's less than 1% of the MSRP, making it an incredibly affordable option for driving one of the most advanced EVs on the market.
$7500 EV Tax Credit Advantage: When you lease the Hyundai Ioniq 5, you automatically benefit from the $7500 federal EV tax credit, a significant saving that's not available if you choose to finance the vehicle. We'll break down how this tax credit works and why leasing gives you this unbeatable advantage.
Lease Buyout Option: Planning for the future? We'll cover how the Hyundai Ioniq 5 offers a lease buyout option at the end of your term. This could be a golden opportunity if the car has positive equity, allowing you to buy the vehicle at a potentially lower value than the market price.
*This video is not financial advice, it is for educational and entertainment purposes only
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0:00 Intro
1:30 Analyzing the Lease Terms
4:08 1.25% Rule of Car Leasing
8:31 $7,500 EV Tax Credit
10:10 Lease Buyout Option Explained - บันเทิง
Ravi do you divide the total monthly payment by the msrp or the selling price posted by the dealership?
Pretty clear , Thank you
You’re welcome!
Two things that you should consider:
a. Finance cost for the 0$ down
b. Removal of $7500 from MSRP to ensure automakers aren't just padding their lease rates
Very helpful
Thank you very much!
Thank you so much,
No problem - my pleasure. Thanks for watching and leaving a comment!
Hello, I don’t hear you talk about the money factor of the lease, is that what you are referring as your 1.5 rule? Thanks.
No money factor and residual value weren't discussed. The 1.25% rule is a rule of thumb that I use to determine whether a lease is a good deal. As an example if you use a $50,000 msrp car with a lease payment of $900/month with $0 down wouldn't be a good lease deal (1.8%) - However a $50,000 car with a payment of $575 a month would be a much better deal (1.15%). The rule makes it simple to determine whether a lease is a good deal without getting into the nitty gritty (rebates, discounts, money factor, residual, etc.)
Awesome info Ravi!
Could you do a lease deal analysis for a Kia EV9 Wind?
There seems to be a Kia lease deal going on right now. $639/month, 24 or 36 month, $5,999 due at signing.
Wondering if this is a good deal.
TIA!
I’ll look into it!
Second question: If you want to buy out your 36 month lease early (let's say after 18 months), what formula do you use to calculate how much you would have to pay? Is this a terrible business deal to do?
If you wanted to buy your lease out early, you would have to pay the residual value and you would have to pay for all outstanding payments. These two factors combined make up the lease buyout amount. Hope that helps!
The standard range I5 is lacking in just about every way. First, the motor is too small. It's only 125kW/168hp, which is way too small for a 4000lbs car. By comparison, the Bolt has a 150kW/200hp motor in a 3700lbs car. Second, a 58kW battery is just too small. The Ioniq5 is not an efficient vehicle. It averages about 3.2mi/kWh. That puts realistic average range at about 185miles. If you live in a warm weather climate or only drive local roads, the 220mi range might be realistic, but if you see colder weather, that's just not happening.
It's 100% worth the extra money to get the SE with the 77kWh battery. You get more power (225hp RWD) and you get a realistic 250mi range.
Agreed. It’s not a 1 to1 comparison when you add in what you get in the higher trim.
Also, fwiw, Car & Driver recommends the SEL as the best value in terms of what you get for the money.
With that huge of a down payment, that's not a good deal.
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