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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 556,991 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 05:20 PM
283 Posts
Joined Nov 2019
UniqueFang618Jun 07, 2023 05:20 PM
283 Posts
Quote from DC13 :
Call around the country. Don't limit your search to only CA. Also they won't advertise a low price, call and show you're serious and talk out a deal, make sure they give all the breakdowns of MSRP, add-ons, cap cost reduction, etc.
Sounds like a lot of work. Get a Tesla instead.

...I'm just salty how aggravatingly complex this car buying process is courtesy of dealerships. Can't wait for every manufacturer to replicate whatever Tesla has done in this space.
Jun 07, 2023 05:21 PM
4,584 Posts
Joined Jul 2006
coolcoderJun 07, 2023 05:21 PM
4,584 Posts
Quote from Geburtenfresser :
Was looking for a CT5-V Blackwing last week. Dealer still started with 20k on top of MSRP.
I left, knowing they had two sitting on the lot.
They called me next day and offered MSRP Big Grin
It's so dumb.​
Yeah, the only reason the dealers exist is to suck as much money from customers as they can. Going to a dealer is like going to the front lines of a psychological war. Haha.
Jun 07, 2023 05:21 PM
7,776 Posts
Joined Sep 2016
JMBauer74Jun 07, 2023 05:21 PM
7,776 Posts
Quote from CleverCreature256 :
Still doesn't change the manufacture's listed residual value. You or a 3rd party is now engaging in a purchase transaction with the dealership. Not a lease.
Talk about a goal post move!
Exactly! A cash transaction. You're still leasing and getting the additional rebate for paying cash. How is that not a win?
Jun 07, 2023 05:22 PM
3,197 Posts
Joined Aug 2009
Teaser38Jun 07, 2023 05:22 PM
3,197 Posts
I was wondering what the Korean makers were going to do with softening sales and no US Tax credits.
Jun 07, 2023 05:22 PM
910 Posts
Joined Jul 2013
rKhaydJun 07, 2023 05:22 PM
910 Posts
Be careful with Ioniq 5's. Pretty much every single one is susceptible to ICCU failure, which will ground your car for weeks. It takes weeks to get the new one shipped from Korea. In the meantime, you'll be stuck with a brick until the issue is fixed.
1
Jun 07, 2023 05:22 PM
9 Posts
Joined Jun 2019
Gellu1Jun 07, 2023 05:22 PM
9 Posts
Quote from nounta1016 :
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.
On top of that, they gave 7500$ lease credit, but decreased RV and increased money factor, so monthly payment is the same, plus mark up so you end up with payment even higher than with out this incentive
Jun 07, 2023 05:23 PM
4,584 Posts
Joined Jul 2006
coolcoderJun 07, 2023 05:23 PM
4,584 Posts
Quote from BraveBoundary369 :
Tesla are the worst quality built cars and their services are even worse. Good luck with your steering wheel falling off while driving
I agree, but the point I was trying to make is that dealers totally ruin the experience when it comes to shopping for other brands of cars. To the point where some may tolerate the shoddy build quality over having to pay thousands over MSRP and going through a super stressful experience.

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Jun 07, 2023 05:24 PM
58 Posts
Joined Dec 2018
BrightCrayon176Jun 07, 2023 05:24 PM
58 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.
Exactly. These dealer mark ups are a turn off and I would rather give my business to Tesla if I was in the market for an EV. From what I read in an article on Electrek, sales of EVs in 2024, the EV credit will be taken off the sale price so no need to wait til tax filing.
Jun 07, 2023 05:26 PM
5,256 Posts
Joined Oct 2011
juggarJun 07, 2023 05:26 PM
5,256 Posts
Quote from rKhayd :
Be careful with Ioniq 5's. Pretty much every single one is susceptible to ICCU failure, which will ground your car for weeks. It takes weeks to get the new one shipped from Korea. In the meantime, you'll be stuck with a brick until the issue is fixed.
People love to say this, and while it is a well known potential issue, it affects only a small handful of GMP platform cars, most of us are driving our Ioniq 5/EV6/GV60 with no issues for over a year. Those that get burned yell the loudest.

But yes, if someone gets a lemon it could be a multi month wait. That being said, Kia will cover your monthly payments if you open a case with corporate.
1
Jun 07, 2023 05:26 PM
506 Posts
Joined Nov 2018
junos_nyJun 07, 2023 05:26 PM
506 Posts
not sure why this is a deal with 5k drive-offs
Jun 07, 2023 05:27 PM
4,584 Posts
Joined Jul 2006
coolcoderJun 07, 2023 05:27 PM
4,584 Posts
Quote from boball :
Oh please, car dealers ain't going nowhere.
Well, they are not, but every Tesla you see out on the road is one less sale the dealers made, so at some point the car manufacturers and the dealers will have to wisen up and change the way they treat customers or continue bleeding them to brands like Tesla. Most people would say that going to a car dealer is as bad or worse as going to a dentist, and that is just not a good business model when alternatives exist. The dealers use their political lobbying to prevent competition as much as they can, but the tide will eventually overcome that.
Original Poster
Jun 07, 2023 05:28 PM
448 Posts
Joined Mar 2012
DC13
Original Poster
Jun 07, 2023 05:28 PM
448 Posts
Quote from UniqueFang618 :
Sounds like a lot of work. Get a Tesla instead.

...I'm just salty how aggravatingly complex this car buying process is courtesy of dealerships. Can't wait for every manufacturer to replicate whatever Tesla has done in this space.
It's not complicated at all. If you want a good deal on something, you shop around for it. You can get discounts and pin dealerships against each other to see who can offer more $ off. Society getting lazy these days.
Jun 07, 2023 05:30 PM
180 Posts
Joined Nov 2008
tivoliJun 07, 2023 05:30 PM
180 Posts
Quote from cgigate :
So, $332/ Month for 36-Months with $5,008 Due at Signing.
So, it is $16,960 for three years.
Any other hidden cost or surprise cost ?
Plus sales tax (that's around $1,300 at 7.75%)
Plus Registration (that is around $465 in CA)
Plus Doc fee +85
Plus dispo fee at the lease end is $400.
Original Poster
Jun 07, 2023 05:30 PM
448 Posts
Joined Mar 2012
DC13
Original Poster
Jun 07, 2023 05:30 PM
448 Posts
Quote from junos_ny :
not sure why this is a deal with 5k drive-offs
With a lease you can tell them 0 drive-off. The point of the post is to initiate a lease to get the 7500 off immediately. The payments don't really matter because you will buy-out immediately with a loan or in cash afterwards. Slickdeals changed my original post to show the lease deal but the deal is actually to purchase through the lease loophole to obtain the full EV credit.

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Jun 07, 2023 05:30 PM
5,256 Posts
Joined Oct 2011
juggarJun 07, 2023 05:30 PM
5,256 Posts
Quote from junos_ny :
not sure why this is a deal with 5k drive-offs
Its Slickdeals man, they literally could have been paid to promote this, or any other deal.
If you want a real lease deal, then leasehacker would be the place to go.

That said I dont think this is a bad deal (@ the 332 a month price), it just not ideal to put $5k down on a lease upfront.

Ive seen AWD EV6 leases for $600 a month $1k down. The AWD totally transforms these e-GMP platform cars, there is a big power and acceleration difference between the RWD and AWD.
Last edited by juggar June 7, 2023 at 11:32 AM.

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