$7500 back on a lease??

[Looney100]

I actually had 2 $300 fees, but I didn't know what the 2nd one was for. I decided to let it go.

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[sgrenald]

It should basically be the same process as what @Grayson73 outlined above which was first reported by @acadapter back at the beginning of the year, provided you're dealing with Genesis Finance, not a 3rd party bank that is handling the lease.

The GV70 is made in Alabama, so it may qualify for the rebate in a sale

 

[therealnkp]

It's not listed as a line item, but it is included in the buyout quote that's generated in your Genesis Finance account (purchase option + sales tax), which is the adjusted unpaid lease balance you saw. If you call Genesis Finance, they can break it down for you.

I thought about calling them...but my actuals and my estimates came out within $25, so I figured I should just let that pass.

 

[acadapter]

I actually had 2 $300 fees, but I didn't know what the 2nd one was for. I decided to let it go.

View attachment 56450

That second fee was charged erroneously. My GV60 I purchased with the tax credit still eligible (grandfathered date) but my Ioniq 5/Ioniq 6 were purchased using the aforementioned Lease loophole originally discovered.

The second $300 was not present on the i5 and it was because the buyout quote was generated after the original payment was credited (took about a week). The I6 was generated as soon as I walked out the dealer and their computer system (HCA/HMF) isn't programmed properly to adjust.

I made the full payoff payment via an overnighted check and HMF wouldn't cash it until I forked over $300 more than my quote. I escalated through consumer affairs, who ran through the calculations, corrected the bottom line, closed my account and promptly mailed me my title.