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2023 Hyundai IONIQ 5 SE Standard Range SUV Lease w/ $7,500 EV Lease Bonus
$332/ Mo.
for 36-Mo. w/ $5k Down Payment
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:
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
- 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.
Original Post
Written by
Edited June 7, 2023
at 01:18 PM
Many EV's who do not qualify for the federal tax credit due to the Inflation Reduction Act.
This post is to make shoppers (specifically EV shoppers) aware of the deals they can obtain on non-North American assembled EVs.This opens the options to much more desirable EV's that no longer qualified for the 7500 federal tax credit on a purchase.
Advantages:
* There's no income limits and the $7500 is taken off of the price at the initiation of the lease instead of waiting for your tax refund the following year.
* The best EV's such as the Ioniq5/EV6 with 800v architecture charging do not qualify for the Federal tax credit through purchase.
* Price is negotiable with dealerships therefore making the deal even better if you can negotiate a good price prior to the application of the lease credit.
* PLUS state rebates (which do not have Sourcing/North American Made requirements)
Example from Hyundai [hyundaiusa.com]:
"MSRP $42,785 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259." The cap cost includes down-payment.
Many more listed here:
https://leasehackr.com/blog/2023/...-on-leases
You can really get excellent deals such as this one listed here:
Cheaper Than a Tesla Model 3 Lease: Volvo C40 Recharge for $451/Month, $0 Down [leasehackr.com]
The truth is if the leasing company passes the credit to you, you initiate a lease effectively purchasing the vehicle at the negotiated price minus the 7500 lease credit.
You can then buy out the lease which will be the residual value (worth of the car at the end of the lease) plus the lease payments (minus the finance/rent charges).
This would be an excellent way to obtain a high quality EV rather than settling only for the offerings which do qualify.
Keep in mind since you are buying out a lease, you will still have to pay acquisition fee.
final price should be:
Negotiated price minus 7500 which breaks down as folows:
1.lease acquisition fee
2. Remaining payments MINUS the finance/rent charges ( it will come out to less than the actual monthly payment if you immediately buyout)
3. Residual value.
4. Taxes if applicable for your state (make sure you get dmv form that proves you made tax payment to avoid getting double charged for tax.)
This post is to make shoppers (specifically EV shoppers) aware of the deals they can obtain on non-North American assembled EVs.This opens the options to much more desirable EV's that no longer qualified for the 7500 federal tax credit on a purchase.
Advantages:
* There's no income limits and the $7500 is taken off of the price at the initiation of the lease instead of waiting for your tax refund the following year.
* The best EV's such as the Ioniq5/EV6 with 800v architecture charging do not qualify for the Federal tax credit through purchase.
* Price is negotiable with dealerships therefore making the deal even better if you can negotiate a good price prior to the application of the lease credit.
* PLUS state rebates (which do not have Sourcing/North American Made requirements)
Example from Hyundai [hyundaiusa.com]:
"MSRP $42,785 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Includes application of $7,500 EV Lease Bonus resulting in a net capitalized cost of of $31,259." The cap cost includes down-payment.
Many more listed here:
https://leasehackr.com/blog/2023/...-on-leases
You can really get excellent deals such as this one listed here:
Cheaper Than a Tesla Model 3 Lease: Volvo C40 Recharge for $451/Month, $0 Down [leasehackr.com]
The truth is if the leasing company passes the credit to you, you initiate a lease effectively purchasing the vehicle at the negotiated price minus the 7500 lease credit.
You can then buy out the lease which will be the residual value (worth of the car at the end of the lease) plus the lease payments (minus the finance/rent charges).
This would be an excellent way to obtain a high quality EV rather than settling only for the offerings which do qualify.
Keep in mind since you are buying out a lease, you will still have to pay acquisition fee.
final price should be:
Negotiated price minus 7500 which breaks down as folows:
1.lease acquisition fee
2. Remaining payments MINUS the finance/rent charges ( it will come out to less than the actual monthly payment if you immediately buyout)
3. Residual value.
4. Taxes if applicable for your state (make sure you get dmv form that proves you made tax payment to avoid getting double charged for tax.)
Created 06-06-2023
at 11:25 AM
by DC13
in
Autos
(2)
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Also I notice you side stepped the "made in mexico" comment. Tesla is the most American made vehicles available. Period.
And remember to only take roadtrips 100 miles or less from your house.
Also I notice you side stepped the "made in mexico" comment. Tesla is the most American made vehicles available. Period.
The Bolts are built in Orion Township in Michigan. That's a fact unlike your fantasy Tesla stats.
Only advantage of 800v architecture is skinnier wiring looms.
You clearly are not an electrical engineer.
For those interested in the math of what's important is voltage of the cell and the mi/kwh is usually a function of cell density+higher voltage (NCA vs LFP) +size of battery and the weight of car. So look at the car with the highest mi/kwh to best understand what will charge the fastest. 800V is like vizio claiming they had 480hz, its not real. Youre going to plug your 800v car into an 800v charger and get that for like 3 seconds as a burst charge in the cells before it plummets to 300v then slowly lowers as the battery gets more full.
https://www.fueleconomy
"Faster charging" on an unreliable network....right. How long will you be in line with half the chargers down?!
EA's montra, "Lowering your charging speed for a better experience!!"
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EA's montra, "Lowering your charging speed for a better experience!!"
They're not, of course "open to everyone" in any practical sense today in the US.
The % of chargers that have magic dock adapters is very, very small and will continue to be.
Most (but not ALL) EV makers have announced switching to the Tesla NACS charge port standard as of 2025 vehicles- but if you buy today you won't be able to use like 98% of Tesla superchargers today.
(there'll be more adapters coming- with the legacy OEMs supposedly selling them to owners next year, but right now if you buy a non-tesla ev you are, with rare exception, stuck with the garbage stations from EA and the like)
That ignores all the OTHER advantages Tesla has of course, price, performance, efficiency, technology, ADAS, actually being able to produce vehicles in volume, etc.
There's a reason (well- lots of them) they sell like 10x more EVs a year here than Hyundai does, and a reason they sell more in the US than the next 19 car brands combined do.
Note that not every leasing company is as good as every other about actually giving you the full benefit of the credit- for example
https://leasehackr.com/blog/2023/...-on-leases
They list cars that SEEM to be offering $7500 via leasing, but then point out the fine print on some including Hyundai where they sneak nearly all that money back in their pockets by changing other terms-
Unless your parking situation at home/work has regular charging access available you're welcoming a world of annoyance to yourself by having to leave home to fill up. I'm not saying it's impossible if you want it really badly, but you're just going to annoy yourself having to do it plus the costs. I don't know what it's like everywhere else, but the cost of charging publically varies widely from $0.12 to $0.38/kWh.Tesla stations, while priceless convenience for fast charging during travel, are usually in the $0.30's. Yes, that might still be slightly cheaper than filling up with gas, but why pay that much? You're kind of defeating the point of saving money on gas. I've never used one and would only use it on the road during travel. My rate at home (off-peak rate) is $0.095/kWh. Rough napkin that means an 80kwh Tesla Model Y paying $24 to fill up at a Tesla station vs $7.60 at home. No brainer. In reality, you're never going to fill up an EV from 0 to 100% so only using this as a hypothetical example to drive the point home.
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Take days to find this car and hours to negotiate…and probably feel ripped off at the end…forget it