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Edited April 21, 2024
at 08:01 AM
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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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Can we just acknowledge that your gas engine doesn't require coal, yet coal engines still exist?
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.
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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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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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.
$6k all-in is insane!!
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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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