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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
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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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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
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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 Oct 2015
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> bubble2 3,712 Posts
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goodness97
04-22-2024 at 07:10 AM.
04-22-2024 at 07:10 AM.
This is an extremely good deal. I just signed a lease for the same car about 3 weeks ago for $389 per month. I wish I had waited. Is there anything I can do at this stage.
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Joined Sep 2010
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> bubble2 156 Posts
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inslyx
04-22-2024 at 07:11 AM.
04-22-2024 at 07:11 AM.
Quote from CyanFriction367 :
If you don't mind me asking, why one pay lease? Isn't that risky in the event the car is totaled or some such?
I also live in Co, and leases always seemed to get butchered by sales tax. How much, also if you don't mind, was tax and tags? I bet it'll end up being more then the actual lease over 2 years?
Quote from CyanFriction367 :
If you don't mind me asking, why one pay lease? Isn't that risky in the event the car is totaled or some such?
I also live in Co, and leases always seemed to get butchered by sales tax. How much, also if you don't mind, was tax and tags? I bet it'll end up being more then the actual lease over 2 years?
Actually, less than $4500 because we qualified for the $400 College Degree rebate. I think we were just over $4300 over two years.

Taxes are about 7.x% for my county. Taxes/Tags will be about 2% of the MSRP. Yes, insurance, taxes and tags are more than the cost of the lease over two years. With free charging through electrify america for two years, and considering we own lifted trucks and high horsepower sports car, it's nice to have a cheap reliable car to drive around for 2 years for low cost.
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Joined Sep 2010
L3: Novice
> bubble2 156 Posts
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inslyx
04-22-2024 at 07:13 AM.
04-22-2024 at 07:13 AM.
Quote from dbernie41 :
$4,500 ALL in? What state?
Little less, actually as we qualified for the College graduate rebate of $400, think we were around $4300 out the door. Colorado - we closed on last day of March, not sure if same extra aggressive rebates still apply. We used Schomp Hyundai, they were pretty good at being no-BS and leading with best deals.
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Joined Jul 2012
L3: Novice
> bubble2 278 Posts
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getquik09
04-22-2024 at 07:16 AM.
04-22-2024 at 07:16 AM.
Quote from inslyx :
This isn't true. I did a one pay lease for less than $4500 for 2 years, 12k miles a year on a 2024 ioniq 5 sel. Also includes two years of free charging (30 mins a day) thru electrify America.

That's insane deal. Which state and how long ago was this? Includes any loyalty rewards?
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Joined Jul 2011
L10: Grand Master
> bubble2 15,289 Posts
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desi_babu_2010
04-22-2024 at 07:21 AM.
04-22-2024 at 07:21 AM.
the 1 pay lease are sometimes not allowed by dealers.
perhaps loosing on interest.
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> bubble2 4 Posts
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alexasale
04-22-2024 at 07:26 AM.
04-22-2024 at 07:26 AM.
Quote from dealUnlocked :
I live in Colorado and my friend closed a deal on 2024 Hyundai Ioniq 5 SEL on last Wednesday for one pay $5000 (including all fees, taxes).
Which dealership?
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Joined Sep 2010
L3: Novice
> bubble2 156 Posts
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inslyx
04-22-2024 at 07:26 AM.
04-22-2024 at 07:26 AM.
Quote from getquik09 :
That's insane deal. Which state and how long ago was this? Includes any loyalty rewards?
Schomp Hyundai in Aurora, Colorado. March 30th - I think they had some extra incentives from Hyundai that may have expired at month end. $400 rebate was from a recent college graduate incentive we qualified for.
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Joined Mar 2019
L3: Novice
> bubble2 109 Posts
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Latency65
04-22-2024 at 07:43 AM.
04-22-2024 at 07:43 AM.
Anyone able to get same deal in Dallas DFW area or Texas Tx?
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L8: Grand Teacher
> bubble2 3,527 Posts
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notnotadude
04-22-2024 at 07:57 AM.
04-22-2024 at 07:57 AM.
the SEL + AWD is the big part here. most of the lease offers have been for the SE and RWD. the AWD versions of the Ioniq 5 and 6 are a much better vehicle. I'm seeing $299/mnth with $3499 down here in MN for the Ioniq 5 SEL AWD.

Noticing $10k lease cash on the AWD and $7500 on the RWD.
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Joined Dec 2014
L7: Teacher
> bubble2 2,690 Posts
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remainders
04-22-2024 at 08:38 AM.
04-22-2024 at 08:38 AM.
I'd jump in this deal if it were a Tesla
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Joined Nov 2005
L5: Journeyman
> bubble2 572 Posts
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usa2004
04-22-2024 at 08:43 AM.
04-22-2024 at 08:43 AM.
Quote from Latency65 :
Anyone able to get same deal in Dallas DFW area or Texas Tx?

Following. Perhaps we can do a group deal in TX?
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cumulus85
04-22-2024 at 09:04 AM.
04-22-2024 at 09:04 AM.
OMGh! I wish I live in Colorado..... so Sad
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SlickMice9996
04-22-2024 at 09:06 AM.
04-22-2024 at 09:06 AM.
Whats next on SD? Do we now start to share the lease deals in my local paper that claim you can get a $50,000 dodge Ram for $99 a month?
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> bubble2 377 Posts
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BayAreaBMWFan
04-22-2024 at 09:11 AM.
04-22-2024 at 09:11 AM.
Quote from g8trb8 :
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

If you lose the car you may lose all your lease payments. The insurance company will make the leasing company whole not you.

That's why upfront payments on leases are a bit risky
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R3DTR1X
04-22-2024 at 09:17 AM.
04-22-2024 at 09:17 AM.
Tempting, but after researching - too many problems with this model. 2025 coming soon, so likely why they are clearing these out so cheap. I don't want to get stranded with this thing. $199/mo seems like a no-brainer until you realize it could be a constant headache.
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