When leasing a Ioniq, there are a number of options to consider. These options will help you get the best terms and allow you to get your vehicle financing needs met more easily. During the process of leasing a Ioniq, consumers will need to consider all of these options so that they get the Ioniq on the most affordable terms. Those who are looking to lease a Ioniq or are currently leasing one can return the vehicle to the lessor, extend the lease agreement, purchase the vehicle or let the lease expire and get a new lease. They can also trade the lease to another individual, get a high mileage lease and also get one that has added on maintenance. With all of these options available, consumers will be able to get the best possible deal on their Hyundai Ioniq lease.
RETURN VEHICLE TO LESSOR
One of the options that you can benefit from is returning the vehicle to the lessor. If you are not interested in driving the Ioniq and your lease isn’t up, you can simply give it back. However, you will likely need to pay certain fees to break out of the lease. However, if you are looking to get a new car and the fees will not be too costly for you, returning the vehicle to the lessor is one option that can benefit you when leasing this vehicle.
EXTEND LEASE AGREEMENT
Another option that you can take advantage of when leasing the Ioniq is to extend the lease agreement. During this process you will simply request to make the lease longer and make the necessary arrangements. For example, a car lease will be for 3 years but you want one for 5 years. All you will need to do is just ask the dealership for a 5 year lease and sign all of the documents to finalize it.
PURCHASE THE VEHICLE
Consumers who are currently leasing the Ioniq, you can always purchase it as well. If you really enjoy the vehicle and want to keep it long term then you can just request to buy it. When looking to purchase the vehicle, you will go through the normal process of making a regular purchase. However, the depreciated value of the vehicle will be taken into consideration. This can lower the purchase price and allow you to get the Ioniq for less than the cost of a brand new model.
LET LEASE EXPIRE
The most common option that lessees use when leasing the Ioniq is to let the lease expire and get a new lease. In this situation, the vehicle lease term is coming to an end in the third year of the agreement. You let the lease expire and turn in the car. However, you then arrange to get a new lease which allows you to get the latest updated model of the Ioniq for another three year term. For consumers looking to get a new Ioniq every three years, letting the current lease expire and getting a new one is the most beneficial option.
TRADE LEASE TO SOMEONE ELSE
Another option that you can take advantage of when leasing the Ioniq is to give the lease to someone else. This is a process where you give the lease over to another person and they take on the obligations associated with it. Using this option can help you relinquish the lease and not have to deal with any of the obligations such as monthly payments and fees for breaking out of it prematurely. In order to trade a lease to someone else, you will need to inform the dealership about your situation and they need to make the final arrangements with the person you are trying to give the lease to.
HIGH MILEAGE LEASE
Consumers who are looking to get more use out of their Ioniq will often need more mileage. As a result, they can request a high mileage lease which gives them additional miles to drive during the lease term. In most cases, you are able to drive a leased vehicle for up to 15,000 miles per year. However, with the high mileage lease, you will be able to get up to 25,000 miles per year. This will help you maximize the amount of driving you can do without having to buy the vehicle. However, you will need to cover a higher monthly payment which is usually a few dollars per month.
Leasing a vehicle such as the Hyundai Ioniq offers consumers a number of advantages. When leasing this vehicle, there are a number of options that you can capitalize on in order to get the most out of the vehicle. Visit our Finance center and consumers who are looking to lease the Ioniq will have the opportunity to get a high mileage lease, trade the lease to someone else, buy the vehicle, extend the term of the lease or simply return the vehicle to the lessor. With all of these options in mind, leasing the Hyundai Ioniq offers a number of advantages to consumers.