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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
Score
+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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Featured Comments

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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Joined Dec 2018
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> bubble2 1,117 Posts
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Juan2049
04-21-2024 at 07:46 PM.
04-21-2024 at 07:46 PM.
Leasing cars has got to be one of the stupidest things to ever do
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Joined Dec 2014
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> bubble2 2,690 Posts
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remainders
04-21-2024 at 07:51 PM.
04-21-2024 at 07:51 PM.
Quote from Juan2049 :
Leasing cars has got to be one of the stupidest things to ever do
facts! just buy used or buy new; either way..own the car
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Joined Dec 2003
L8: Grand Teacher
> bubble2 3,570 Posts
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opfreak
04-21-2024 at 07:51 PM.
04-21-2024 at 07:51 PM.
Quote from UniqueSoda2365 :
Im seeing

"For 24 months with $3,499 due at lease signing includes $7,500 EV Lease Bonus"

Need to do some research I guess. $230 down and $230 down payment is a no brainer.

Would I need to put 3500 down and then get a 7500 tax credit? And what does CT tax you on a lease? When you buy it? Also every year?

Feel like a need to be a tax person or lawyer to understand this crap.
tax credit goes straight to the lease.

Get the dealer to take 3500 off the mspr and your at close to nothing out of pocket.
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Joined Nov 2010
L6: Expert
> bubble2 1,543 Posts
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ejvyas
04-21-2024 at 07:52 PM.
04-21-2024 at 07:52 PM.
Quote from Phegotgame :
I just watched the moter trends youtube comparison...He said the Model Y was better

Enjoy

https://www.motortrend.com/style/electric/
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Joined Jan 2014
L3: Novice
> bubble2 221 Posts
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linh811
04-21-2024 at 07:55 PM.
04-21-2024 at 07:55 PM.
Quote from Wulfrax :
"They really seem to be desperate to get rid of them."

Yep, electric is really going downhill these days quickly. Will be surprised to see EVs last much longer. Even the charging networks are falling apart too.

Thank goodness many of us stuck with gas all this time.
Might as well get back on that horse. You probably thought the internet was 'just a fad and going away soon' too lol.
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Joined Oct 2013
L3: Novice
> bubble2 210 Posts
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BurtB3655
04-21-2024 at 07:56 PM.
04-21-2024 at 07:56 PM.
Quote from c.vilhauer :
Depends on your locality. Typically, taxes don't apply to leases since you're not actually buying the car.

Tell that to the asshole dealerships in AZ that also charge 500 doc fee
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> bubble2 79 Posts
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g8trb8
04-21-2024 at 08:02 PM.
04-21-2024 at 08:02 PM.
Quote from alexasale :
Is the $225 a month inclusive fees? $4,338 over 24 months is $180 a month. Trying to understand your $6k math. Can you break it down?

See the pic attached to the post for the exact breakdown of the $6k. I paid it all off at once so there is no monthly payment. $6k includes everything, taxes and fees
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Joined Oct 2015
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> bubble2 3,521 Posts
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pyroskater85
04-21-2024 at 08:03 PM.
04-21-2024 at 08:03 PM.
Quote from Actonsdictum :
rentals are not free. you have to add that plan to your insurance and you pay a monthly premium for it. there is also a max cap of how many days they'll provide you with a rental.

he literally said the new EV is 2x the cost of his older ICE. the insurance preimum increase is pretty negligible so I would say the cost of the car is what affected his premium.

If you don't have rental coverage on your policy but you hit someone else's car... your insurance will cover that person's vehicle for how ever long it takes. They isn't necessarily a set time limit... depending on the state. Even though you don't have rental on your policy it's still baked into overall insurance. Insurance companies have noticed repairs are taking longer than in the past and have raised rates overall in order to cover the extra costs.
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g8trb8
04-21-2024 at 08:06 PM.
04-21-2024 at 08:06 PM.
Quote from Ejabo :
Is it just a 2 year lease or is there an option to own?

There is always (or at least almost always) an option to own at the end of the lease and they tell you what that price will be when you sign the lease. In my case it's $37,856. The only reason I would do that is if inflation goes crazy again and I could immediately sell it for more than that like what happened to some people during the COVID car shortage
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> bubble2 376 Posts
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UniqueSoda2365
04-21-2024 at 08:10 PM.
04-21-2024 at 08:10 PM.
Quote from remainders :
facts! just buy used or buy new; either way..own the car
Theres very little difference between buying new and leasing, and in many scenarios leasing is better than buying new.

When leasing, you are paying the depreciation over that time period. You can then buy it if yo u want.
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Joined Nov 2016
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> bubble2 98 Posts
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813_slick
04-21-2024 at 08:11 PM.
04-21-2024 at 08:11 PM.
Quote from Juan2049 :
Leasing cars has got to be one of the stupidest things to ever do

Ignorant comment. Especially when posting in a damn $220 per month lease thread for a $50K MSRP car.

Your interest charge alone would be $300+ if financing this at current rates.

The sales tax alone (in taxable states) would be 60% of the TOTAL COST of this lease over the 24 months.

Any car transaction can be stupid if being done by a stupid person. This one, is not.
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> bubble2 48 Posts
SharpScent774
04-21-2024 at 08:19 PM.
04-21-2024 at 08:19 PM.
Quote from Juan2049 :
Leasing cars has got to be one of the stupidest things to ever do
Not really. I own, but leasing is smart for people who don't drive much. The proposition here is basically ~$5,400 for two years with basically $0 in maintenance. If car prices skyrocket you can always buy it out, if car prices plummet you just walk away. Cars are a depreciating asset
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Joined Nov 2010
L6: Expert
> bubble2 1,506 Posts
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Elon69
04-21-2024 at 08:26 PM.
04-21-2024 at 08:26 PM.
Quote from mem4720 :
The guy strikes me as an uninformed shill. Why is he so influential? No judgement, I'm genuinely curious.
I think he's a good story teller, knows how to connect to the audience, he's also an OG tech gadget reviewer and he's connected to many other reviewers and some of the biggest names out there.

I think most people feels the same after they tried the same gadgets o over time what he says becomes believable by default.

He doesn't always shill, he said stuff like keep the M1Max and skip M2 and M3. He pooped on a few other gadgets also and has doubts about Rabbit R1, etc etc. He did destroy Fisker Ocean but his review is not the reason why the company tanked first time or the 2nd time. Stock was below $1 way before he review the Ocean SUV.

The terrible rating he did for AI Pin echos what everyone else said. He also did a so so review on Cybertruck - the quality etc. but acknowledges why people would love it.

You can argue there are always sponsored posts like other Youtubers but you have to look past that and see if what he reviewed is spot on for your own experience.

Now, why do you think he's an 'uninformed shill'?. I am curious why you think that.
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Last edited by Elon69 April 21, 2024 at 08:40 PM.

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Joined Oct 2004
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> bubble2 1,676 Posts
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Phegotgame
04-21-2024 at 08:29 PM.
04-21-2024 at 08:29 PM.
What kind of shoddy list is this? The #1 selling SUV in the world (model Y) is not even in the top 10 in this list haha. I would agree the Ionic is bstter than a bolt tho. But far inferior to a Tesla
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