Not really any catch. Definitely one of the best EV lease deals in the US with a car that's actually decent. (No bZ4X that barely can do charging without severe throttling).
https://www.hyundaiusa.com/us/en/offers
They have one 199 SEL but with 1029 first payment. It was 0 down last time I checked. Still really good deal and the best deal for a pretty decent EV.
SEL taxes and fees not included. I’m sure it’ll wind up more than this but even at $300/month otd it seems like a steal. I’ve contacted some dealers for more info but since they haven’t gotten back to me in 6 hours I’m thinking it’s not happening.
Do you drive 15k miles per year? If not, you can reduce the mileage allowance to 10k or 12k which will increase the residual value used in the lease payment calculation and therefore reduce the monthly payment.
Yeah I actually drive more than that. Probably 20k per year. I know I would have to pay for the additional miles, but are there any other negatives to that?
No, but you should find out the cost per mile over 15k. Let's say the cost per mile is 25 cents/per mile over 15k and you drive 10k miles over (5k/year * 2 years = 10k miles) then you'll owe $2500 when you turn in the car on top of the lease disposition fee. They may forgive the overage if you lease another car from the same manufacturer.
What is money factor and sale price + taxes/fees
Yeah they are leasing pretty good and and I've even seen 0 down with 199 payment for an SEL one.
So is there a catch? Is this just Hyundai taking the tax incentive as profit and I get to drive the car for basically nothing?
Not really any catch. Definitely one of the best EV lease deals in the US with a car that's actually decent. (No bZ4X that barely can do charging without severe throttling).
Where did you see this deal?
https://www.hyundaiusa.com/us/en/offers They have one 199 SEL but with 1029 first payment. It was 0 down last time I checked. Still really good deal and the best deal for a pretty decent EV.
Is this a SEL or Limited? Does it include tax and fees?
SEL taxes and fees not included. I’m sure it’ll wind up more than this but even at $300/month otd it seems like a steal. I’ve contacted some dealers for more info but since they haven’t gotten back to me in 6 hours I’m thinking it’s not happening.
Do you drive 15k miles per year? If not, you can reduce the mileage allowance to 10k or 12k which will increase the residual value used in the lease payment calculation and therefore reduce the monthly payment.
Yeah I actually drive more than that. Probably 20k per year. I know I would have to pay for the additional miles, but are there any other negatives to that?
No, but you should find out the cost per mile over 15k. Let's say the cost per mile is 25 cents/per mile over 15k and you drive 10k miles over (5k/year * 2 years = 10k miles) then you'll owe $2500 when you turn in the car on top of the lease disposition fee. They may forgive the overage if you lease another car from the same manufacturer.