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Select Colorado Hyundai Dealerships: 24-Mo Lease on 2024 IONIQ SEL AWD Electric SUV Expired

$225 down + $225 per month
& More
+199 Deal Score
480,492 Views
Note: We are only able to verify this deal for select Colorado Hyundai Dealerships (includes state-specific credits), but we are promoting this deal on the Frontpage due to positive community feedback; check your local dealership for lease specials available in your area.

Select Colorado Hyundai Dealerships are offering a 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV as listed below. This offer is limited to select locations/dealerships only.

Thanks to Community Members g8trb8 & golemchamp for posting this deal.

Example deals:
  • Schomp Hyundai (Aurora, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • McDonald Hyundai (Englewood, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Phil Long Hyundai (Colorado Springs, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Arapahoe Hyundai (Centennial, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV $0 down + $199 per month
      • Note: Arapahoe terms say "select models" and do not specify if this applies to RWD or AWD model
Good Deal?

Original Post

Written by
Edited April 21, 2024 at 08:01 AM by
Hyundai is offering Ioniq 5 SEL AWD 2 year lease for $225 per month and $225 down in Colorado. States without additional EV tax credit will likely be a little higher but you can probably talk them down even more. I got them down to $6k total price for a 2 year lease including all taxes and fees as well as an additional $2k of no charge options/accessories or protection/warranty plans. I also had a quote for a RWD for $4300 all-in.

They really seem to be desperate to get rid of them. I got to the point in negotiating that they literally couldn't lower the price of the car anymore because it made the residual higher than what I would owe on the car which meant Hyundai would've had to pay me to lease the car, which is how I ended up with the extra $2k in options. It also includes 2 free years of charging on the Electrify America network.

The Hyundai website says the offer ends April 30, but I'm guessing they will extend it.

Edit to add copy of final paperwork numbers. Deal was at Schomp Hyundai in Denver but had similar offers from Phil Long Hyundai Chapel Hills in Colorado Springs and McDonald Hyundai in Denver.

https://www.hyundaiusa.com/us/en/...Type=Lease
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Deal
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+199
480,492 Views
$225 down + $225 per month

Community Wiki

Last Edited by infin8007 April 25, 2024 at 04:40 AM
THanks op

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Located in WI, and it was $3,499 due at signing Frown
Google AI says: "Yes, lenders can consider immigration status when underwriting loans, and visa holders may be considered more risky than citizens. This is because immigration status can correlate with national origin, which is protected under the Equal Credit Opportunity Act (ECOA). Lenders can consider immigration status to assess their rights or remedies to recover funds, or if otherwise required to comply with other laws. For example, if a visa expires and the borrower must leave the country, the lender would be unable to recover the balance due on a loan."
I chose to do a 1 pay lease and just pay everything at signing. I also had offers for roughly the same total price with $0 down $254 per month, $1k down $207 per month, and $2k down $161 per month. Admittedly those are slightly better than the $6k upfront but they didn't come with the extra $2k in options which I chose to use on lease end protection and tire/wheel protection

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wherestheanykey
04-21-2024 at 07:36 AM.
04-21-2024 at 07:36 AM.
The day this website has an algorithm that bans clowns who love to politicize EV posts is the day I'll gladly pay for a subscription.

Can we just acknowledge that your gas engine doesn't require coal, yet coal engines still exist?
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abner5
04-21-2024 at 07:36 AM.
04-21-2024 at 07:36 AM.
Quote from infin8007 :
I think OP is adding in a colorado state credit of $5000? The only other place i know that gives a credit like that is like MA but thats' a rebate check i think?

How much is free charging for 24 months worth? $2400? but then again i'm already getting free charging.. so that's not saving me any money personally.. but i am curious what it's worth... vs the average consumer charging at home?

I think it's better to put $6k towards a used bolt (or volt, or i3 rex) depending on your needs..you'll have an EV longer than 2 years for less money.

I'm looking for something with more range than my egolf but the deal has to be right. So right now trying to find one of those 10k bolts with 20k miles or less preferably premier.

Me as well. Looking for the $4k used ev credit on cars <$25k and <2yrs old.
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musicguyom
04-21-2024 at 07:38 AM.
04-21-2024 at 07:38 AM.
Utah is $299/mo plus $3,499. Not bad considering MSRP, but higher than everyone else it seems! I've driven these and they are a bit underpowered.
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Red_partyhat
04-21-2024 at 07:39 AM.
04-21-2024 at 07:39 AM.
Can somebody dumb this down for me, what is the total cost? Surely it can't just be the $229 for 2 years? I can't even get a used 10 year old car for 6k
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g8trb8
04-21-2024 at 07:39 AM.
04-21-2024 at 07:39 AM.
Quote from FantasticHeart6731 :
Never leased before but curious what other SDers would do at the end of 2 yrs? Let's say I trade in my car with an outstanding loan and get lucky and walk away with 6k that covers this lease for 2 years. When it's time to return or buy, I'm left without a vehicle and have to do new lease or buy new subject to prices at that time. Is leasing slick or not?

This is my first lease as well. I ran the numbers and even with the ridiculous insurance and registration costs, the 2 year cost to own this vs my 2017 CR-V was basically the same. I'm selling the CR-V for ~$17k, using that to pay off the $6k lease, investing the rest at 5% for 2 years then I'll evaluate what to do based on the market on 2 years. Worst case I buy another 2017 CR-V for probably about $10k by then.
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LivelyStraw9917
04-21-2024 at 07:40 AM.

Our community has rated this post as helpful. If you agree, why not thank LivelyStraw9917

04-21-2024 at 07:40 AM.
leasing works better if you can do it with a business write off on your taxes.

a personal use lease is not a slickdeal way of paying for a car.

at the end, you have to pay residual fee, they check if you are within the allotted miles/yr you agreed to, and every dent, nick, scratch, curbed wheels will be charged to you, for reconditioning the vehicle for resale.

their goal, when you turn in, will be to turn you around, and re-lease, or re-buy another dealer sale.

i tend to drive my vehicles into the ground, so i never lease.

we currently have 4 EVs, and they are all 12+ years old.

saved so much money, time, hassles, never going back to ICE. never.

good luck
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DRSONGE
04-21-2024 at 07:41 AM.
04-21-2024 at 07:41 AM.
if I'm doing delivery/Uber/Dasher stuff, drive 40,000 miles per year, with free charging? hell yeah
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leroygreen
04-21-2024 at 07:45 AM.
04-21-2024 at 07:45 AM.
Quote from Red_partyhat :
Can somebody dumb this down for me, what is the total cost? Surely it can't just be the $229 for 2 years? I can't even get a used 10 year old car for 6k
A lease is like a rental, in which you pay monthly for a car for a set period of time. At the end of that time, you can turn the car back in or (usually) choose to buy it.

This deal is $225 per month for two years, if you can get a dealer to agree to that. If you multiply that monthly cost (+ tax) times the 2 year period, that's your total cost.
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ChristopherJ26
04-21-2024 at 07:46 AM.
04-21-2024 at 07:46 AM.
Quote from Slimeyface :
I'm seeing $3499 down and then $225/mo.

$6k all-in is insane!!
thats 9000 all in. or else payments would be 395 with 0 d0wn (not much of a deal) i never put money down on a lease unless its a grand our two with a real bargain payment.
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revieweronline
04-21-2024 at 07:48 AM.
04-21-2024 at 07:48 AM.
Show us the itemized bill, so I can just use it as my cheat sheet, your explanation was confusing.
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BUYMECAR
04-21-2024 at 07:49 AM.

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04-21-2024 at 07:49 AM.
I own this trim MY 2022. Even though I qualified for the full EV tax credit at the time and paid it off a few months ago, I regret not waiting and leasing a RWD.

Even though owning this particular EV has been a great experience for me, I can't in good conscience recommend anyone who is not already a seasoned EV owner to do anything other than lease an EV.

The values of EVs have been so unstable in very short spans of time. The tax incentives have been so unstable and change with little to no grace periods. Service center offerings can be so unstable depending on where you live; there are stories of owners having to travel a couple hours to get issues addressed by an authorized Hyundai EV tech because their nearby dealerships are falsely advertising that they are EV certified.

And don't get me started on the charging networks. I'll just mention that there are states who have been caught misallocating federal funding that was supposed to go to installing thousands of public charging stations and the necessary infrastructure to support them but they haven't gotten as little as a slap on the hand.

There are a lot of reasons right now to hate on EV adoption but as someone who owns one and thoroughly enjoys it, I think the hate is for most of the wrong reasons. If you can get a good deal to lease this EV and have done the research on charging options near you, you should definitely give it a shot.
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PurplePolice771
04-21-2024 at 07:49 AM.

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04-21-2024 at 07:49 AM.
Bay Area checking in. A friend of mine recently got the 2 year lease for $8400 at San Bruno. He couldn't do any better after approaching a bunch of dealers in the Bay area. A friend of his did the same. Again around $8500. They weren't budging. So perhaps this is more regional specific according to demand
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