Rate my Deal - Hyundai IONIQ 5 LIMITED AWD 24/12 - $3800 Down (Fees)

Hi Team,

Our car was totaled, and we have to make a quick decision on buying a new car. I am eying with a Hyundai Ioniq 5 Limited AWD. I am not sure if this is a good deal. I really appreciate your help.

Located in NC

I tried to put the data into the calculator, but I may lack some information.

MSRP: $59.995

Total Savings: $14.000

Dealer Service: $799

Capitalized Taxes: $115

No Tax Fees: $401.50

Net Price: $43.467

Total Due at Signing: $3843 (Fees)

Residual Value: $33.597 (ca. 56%?!)

The Rate offered for 24/12:

$3843 Down = $448-$458

$4843 Down = $402-$412

So far I never bought a car in the US and want to make sure to not get screwed over :D

I know that paying down something makes no sense at leasing, but I would at least like to cover the fees and taxes and not factor it in the lease. Does this make sense?

Thank you so much for your help.