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expiredDC13 posted Jun 06, 2023 06:25 PM
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expiredDC13 posted Jun 06, 2023 06:25 PM

2023 Hyundai IONIQ 5 SE Standard Range SUV Lease w/ $7,500 EV Lease Bonus

for 36-Mo. w/ $5k Down Payment

$332/ Mo.

Hyundai
734 Comments 557,025 Views
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Deal Details
Hyundai USA is offering 2023 Hyundai IONIQ 5 SUV Lease from $332/ Month for 36-Months with $5,008 Due at Signing after $7,500 EV Lease Bonus.

Thanks community member DC13 for sharing this deal

Offer Notes:
  • Lease offer shown includes application of $7,500 EV Lease Bonus
  • You may customize payment by adjusting down payment, loan term which varies depending on credit score.
  • Additional Special Program Discounts are available
    • College Grad Program $400 Discount
    • First Responder Program $500 Discount
    • Military Program $500 Discount
Available Options:
  • 2023 Hyundai IONIQ 5 SUV Lease + $7,500 EV Lease Bonus
    • IONIQ 5 SE Standard Range $332/ month for 36-Months w/ $5,008 due at lease signing
    • IONIQ 5 SE $399/ Month for 36-Months w/ $4,999 due at lease signing
    • IONIQ 5 SEL $414/ Month for 36-Months w/ $5,001 due at lease signing
    • IONIQ 5 Limited $513/ Month for 36-Months w/ $4,913 due at lease signing.

Editor's Notes

Written by slickdewmaster | Staff
  • Offer Disclaimers:
    • Excludes registration, tax, title and license.
    • Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
    • No security deposit required.
    • Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259.
    • Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,952. Option to purchase at lease end $24,815.
    • Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 10,000 miles/year, excess wear, and a $400 disposition fee. Disposition fee of $400 applies in all states except in CO, IN, IA, KS, ME, OK, SC, WI, WV, and WY, where disposition fee is subject to state law
  • Refer to forum thread for additional offers and discussion from the community regarding this offer.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by DC13
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Hyundai USA is offering 2023 Hyundai IONIQ 5 SUV Lease from $332/ Month for 36-Months with $5,008 Due at Signing after $7,500 EV Lease Bonus.

Thanks community member DC13 for sharing this deal

Offer Notes:
  • Lease offer shown includes application of $7,500 EV Lease Bonus
  • You may customize payment by adjusting down payment, loan term which varies depending on credit score.
  • Additional Special Program Discounts are available
    • College Grad Program $400 Discount
    • First Responder Program $500 Discount
    • Military Program $500 Discount
Available Options:
  • 2023 Hyundai IONIQ 5 SUV Lease + $7,500 EV Lease Bonus
    • IONIQ 5 SE Standard Range $332/ month for 36-Months w/ $5,008 due at lease signing
    • IONIQ 5 SE $399/ Month for 36-Months w/ $4,999 due at lease signing
    • IONIQ 5 SEL $414/ Month for 36-Months w/ $5,001 due at lease signing
    • IONIQ 5 Limited $513/ Month for 36-Months w/ $4,913 due at lease signing.

Editor's Notes

Written by slickdewmaster | Staff
  • Offer Disclaimers:
    • Excludes registration, tax, title and license.
    • Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
    • No security deposit required.
    • Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259.
    • Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,952. Option to purchase at lease end $24,815.
    • Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 10,000 miles/year, excess wear, and a $400 disposition fee. Disposition fee of $400 applies in all states except in CO, IN, IA, KS, ME, OK, SC, WI, WV, and WY, where disposition fee is subject to state law
  • Refer to forum thread for additional offers and discussion from the community regarding this offer.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by DC13

Community Voting

Deal Score
+102
Good Deal
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Top Comments

nounta1016
517 Posts
71 Reputation
Good luck finding a Hyundai dealership that isn't marking up 7.5k to negate the credit. Tried to buy one last year and they marked up anywhere from 2k minimum to 8k with add-ons.
DC13
448 Posts
530 Reputation
Hyundai actually found the issue, it was an app that sent a bunch of information/stayed connected when the car is off. Teslas have a worse issue which is phantom drain, since the car stays connected for connectivity/app usage it drains the main drive battery. Ends up making the car horribly inefficient. People come back to their cars with way less drivable range.
DC13
448 Posts
530 Reputation
You cannot buyout Tesla leases, not that you would want to after you experience the shoddy workmanship of those things.

733 Comments

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Jun 07, 2023 01:50 PM
1,942 Posts
Joined Nov 2007
itlynstalynJun 07, 2023 01:50 PM
1,942 Posts
How is $5k due at signing a deal?
Jun 07, 2023 01:53 PM
505 Posts
Joined Aug 2007
grazhoppaJun 07, 2023 01:53 PM
505 Posts
Quote from flightxxx :
Any dealers in socal giving $3k to $4k off msrp?
Minimum discount is at least $6500 off MSRP w/o negotiation. There is a glut of this model in SoCal. I can see some dealer willing to make a deal at $7500 or more off at the end of the month.

https://www.autotrader.com/cars-f...%20of%20OC

Sorry, discount is even steeper at $7850 off.
https://www.autotrader.com/cars-f...pe=listing
Last edited by grazhoppa June 7, 2023 at 07:55 AM.
Jun 07, 2023 01:54 PM
2,424 Posts
Joined Oct 2012
WhatIsSlickingJun 07, 2023 01:54 PM
2,424 Posts
So what's the effective monthly cost for this car ? 500 ? More ?

5000/36 = 138

332 plus 138 = 470 monthly plus DAS of tax title doc etc

Which is prob like 3000 at signing so that's like 83 monthly

So the final true cost is 550 monthly for this vehicle
Jun 07, 2023 01:55 PM
1,833 Posts
Joined Sep 2014
IK47Jun 07, 2023 01:55 PM
1,833 Posts
How much would be minimum monthly without any money down? Does 7500 credit only works if you have income to maximize it?
Jun 07, 2023 01:56 PM
2,027 Posts
Joined Dec 2008
crakarjaxJun 07, 2023 01:56 PM
2,027 Posts
Man I've been waiting patiently for the Lyriq or Blazer EVs but who knows when they'll start shipping... This is super tempting!
Jun 07, 2023 01:57 PM
397 Posts
Joined Nov 2005
OutlawdevilJun 07, 2023 01:57 PM
397 Posts
Quote from DC13 :
Hyundai actually found the issue, it was an app that sent a bunch of information/stayed connected when the car is off. Teslas have a worse issue which is phantom drain, since the car stays connected for connectivity/app usage it drains the main drive battery. Ends up making the car horribly inefficient. People come back to their cars with way less drivable range.
3% each day with sentry mode on
2
Pro
Jun 07, 2023 01:58 PM
4,157 Posts
Joined Mar 2015
Hans_Gruber
Pro
Jun 07, 2023 01:58 PM
4,157 Posts
So anyone who doesn't meet the criteria for the credit is effectively screwed because the dealers are jacking up prices to offset said credit even though not everyone is eligible?

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Jun 07, 2023 01:58 PM
892 Posts
Joined Oct 2003
TacoJun 07, 2023 01:58 PM
892 Posts
Quote from WhatIsSlicking :
So what's the effective monthly cost for this car ? 500 ? More ?

5000/36 = 138

332 plus 138 = 470 monthly plus DAS of tax title doc etc

Which is prob like 3000 at signing so that's like 83 monthly

So the final true cost is 550 monthly for this vehicle
Amortize it over 12 years and the cost lowers significantly.
Jun 07, 2023 02:01 PM
1,835 Posts
Joined Jun 2009
dbernie41Jun 07, 2023 02:01 PM
1,835 Posts
Quote from JMBauer74 :
Makes more sense to pay cash. $7500 + $5000 cash discount.

I currently have a lease with Hyundai. Just make sure if you lease you plan to buyout the vehicle at the end of the lease term. Additionally, Hyundai doesn't allow for a third party buyout.
What is this 5k cash discount?
Pro
Jun 07, 2023 02:07 PM
4,157 Posts
Joined Mar 2015
Hans_Gruber
Pro
Jun 07, 2023 02:07 PM
4,157 Posts
These credits and bonus need to go and the cars need to be sold at a more reasonable price.
Jun 07, 2023 02:10 PM
245 Posts
Joined Nov 2018
SpecialFX99Jun 07, 2023 02:10 PM
245 Posts
How do you get this deal? The only base model close to me is showing $709.91/mo for a 36mo lease with $4999 down with the lowest (10k) yearly mileage option
Jun 07, 2023 02:11 PM
4,414 Posts
Joined Dec 2008
GulllyBoYJun 07, 2023 02:11 PM
4,414 Posts
Quote from Hans_Gruber :
These credits and bonus need to go and the cars need to be sold at a more reasonable price.
exactly worshipworship
Jun 07, 2023 02:11 PM
892 Posts
Joined Oct 2003
TacoJun 07, 2023 02:11 PM
892 Posts
Quote from IK47 :
How much would be minimum monthly without any money down? Does 7500 credit only works if you have income to maximize it?
To summarize, dealers are getting a 7500 kickback on the leases because a new sale is being subsidized by the feds and they'll need 2-3 year old ones boomeranging back as lease returns for their used business... so if you don't qualify for the 7500 fed incentive, lease one of these and buy out the lease for the residual value, which should be depressed. Problem is some dealers are not passing the full 7500 incentive over- eating into how well this strategy will end up working.

*shrug* I bought a Tesla...
Jun 07, 2023 02:11 PM
7,776 Posts
Joined Sep 2016
JMBauer74Jun 07, 2023 02:11 PM
7,776 Posts
Quote from dbernie41 :
What is this 5k cash discount?
I'm in North Carolina. It shows an additional $5000 rebate for paying with cash.

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Jun 07, 2023 02:11 PM
725 Posts
Joined Apr 2015
dambargarJun 07, 2023 02:11 PM
725 Posts
Quote from coolcoder :
Yeah, I'm not a fan of the "new" Elon Musk, but F these slimy dealers. F each one of them. I'd rather give my money to Tesla than deal with these bottom dwellers. Car manufacturers need to end this bs system, otherwise they will just keep shooting themselves in the foot on their way to becoming obsolete.
I did exactly that and regret now - Dont make the same mistake I did - TESLA SERVICE SUCKS. Youre lucky if you get their car without issues but boy when u start having issues that's when u realize there is no warranty on this car - Everything is wear and tear for Tesla they have a huge list of things they dont cover under warranty.
1

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