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expired Posted by fireserphant • Jun 22, 2023
expired Posted by fireserphant • Jun 22, 2023

2023 Hyundai IONIQ 5 EV: 24, 36 or 48-Month Financing at 0.99% APR & $0 Down

(For Well-Qualified Buyers)

from $41,450

Hyundai
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Deal Details
Hyundai is offering the 2023 Hyundai IONIQ 5 Electric Vehicle from $41,450 with 24, 36 or 48-Month Financing starting as low as 0.99% APR and $0 Down Payment for very well-qualified buyers when purchased between 6/14/2023 through 7/5/2023.

Thanks to community member fireserphant for sharing this deal.
  • Note: Pricing and availability will vary depending on your selected options and available inventory.
Limited-Time Special Financing Options:
  • 0.99% APR (up to 36 months) at $28 per $1,000 financed for qualified buyers.
  • 0.99% APR (up to 48 months) at $21 per $1,000 financed for qualified buyers.
  • Must be financed through Hyundai Motor Finance (HMF). Tax, title and license extra.
  • See your participating Hyundai dealer (dealership locator) for more details.

Editor's Notes

Written by RevOne | Staff
  • About this Deal:
    • New vehicles only.
    • This limited-time special financing offer is valid from 6/14/2023 through 7/5/2023 for very well-qualified buyers. Only a limited number of customers will qualify for the advertised APR.
    • Down payment will vary depending on APR. Bonus Cash must be applied as a down payment. Must take delivery from a participating dealer and from retail stock from 6/14/2023 - 7/5/2023.
    • Cannot be combined with other special offers except where specified.
  • Please refer to the forum thread for additional deal details & discussion.

Original Post

Written by fireserphant
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Hyundai is offering the 2023 Hyundai IONIQ 5 Electric Vehicle from $41,450 with 24, 36 or 48-Month Financing starting as low as 0.99% APR and $0 Down Payment for very well-qualified buyers when purchased between 6/14/2023 through 7/5/2023.

Thanks to community member fireserphant for sharing this deal.
  • Note: Pricing and availability will vary depending on your selected options and available inventory.
Limited-Time Special Financing Options:
  • 0.99% APR (up to 36 months) at $28 per $1,000 financed for qualified buyers.
  • 0.99% APR (up to 48 months) at $21 per $1,000 financed for qualified buyers.
  • Must be financed through Hyundai Motor Finance (HMF). Tax, title and license extra.
  • See your participating Hyundai dealer (dealership locator) for more details.

Editor's Notes

Written by RevOne | Staff
  • About this Deal:
    • New vehicles only.
    • This limited-time special financing offer is valid from 6/14/2023 through 7/5/2023 for very well-qualified buyers. Only a limited number of customers will qualify for the advertised APR.
    • Down payment will vary depending on APR. Bonus Cash must be applied as a down payment. Must take delivery from a participating dealer and from retail stock from 6/14/2023 - 7/5/2023.
    • Cannot be combined with other special offers except where specified.
  • Please refer to the forum thread for additional deal details & discussion.

Original Post

Written by fireserphant

Community Voting

Deal Score
+73
Good Deal
Visit Hyundai

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Top Comments

Some dealers in my area, NE GA, are actually discounting the Ioniq5s $2500-$7500 right now. Not sure if that is a regional discount but the discounts seem to be coming from both the dealer and/or Hyundai. I know my local Hyundai dealer has had 3-5 Ioniq5s sitting in the front of their dealership for 1 - 2 months now that they can't seem to sell.

On a related note, the NHTSA just opened an investigation into the Ioniq5 due to reports that some Ioniqs are losing power while being driven. Not a full recall as of yet but enough complaints, around 30, to warrant a closer look. https://www.caranddriver.com/news...stigation/
Why buyout when you could invest those funds at a rate > 0.9%? Current 13-month CD's pay 4.3%.
Financing? Isn't the real deal when you do a lease, get the $7500 credit then do a lease buyout?

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Pro
Jun 22, 2023
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sarcasmogratis
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Starting MSRP
$41,450
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Jun 22, 2023
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fintlewoodlewix
Jun 22, 2023
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Good luck finding one for MSRP, and if you do, it won't be a low MSRP.
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Jun 22, 2023
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Core2Quad
Jun 22, 2023
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Financing? Isn't the real deal when you do a lease, get the $7500 credit then do a lease buyout?
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Jun 22, 2023
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actorps1
Jun 22, 2023
1,535 Posts
Click Calculate every time you change anything in terms or car selection etc.. If you have 719 credit score, it would be 1.49% and cost you an extra $10.54 month in op's example. If you change to 60 months, changes rate as well.

I miss the days of more subsidized leases. That is when they could really save you. Could get $40k car with nothing down and $400 or less a month. These $1k/mo payments are brutal.

Go EVs!
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Jun 22, 2023
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axman
Jun 22, 2023
685 Posts
It could have 5000 mark-up fee
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BrainDoc
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The problem with many car dealers right now is that not only are many cars going for more than MSRP (not only the dealers' faults), most dealers have exorbitant dealer fees. Then they add on all sorts of unnecessary dealer packages, some of which are not ones you can reject. Multiple dealers in my area automatically add clear coat protection and other things to every car so if you want a particular make and model of car, you have to buy from them and pay extra for their packages. In the past, they would wait to offer these to you at time of sale but now they do them automatically to every car. There are some dealers that don't do this but in my area they are rare.

In any case, it's probably best to lease electric cars until the plugs are standardized, which is happening, if you can deal with the limitations of a lease. Also, a lease with a Hyundai is where you can get the $7500 tax credit, if you qualify. If you won't qualify because you earn too much money, then it can be worth buying instead of leasing.
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Jun 22, 2023
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Type X
Jun 22, 2023
2,241 Posts
There are lots of ioniq's at local dealers not sure if they arent buying for the nee recall or if they over ordered months ago for the backlog
Most here have 5-15 on lots

I shopped them last yr and ended up going with a 2023 hybrid n waiting for the new prologue . There are a bunch of dealers that will do msrp if you search around online!
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Quote from ChiefAlchemist :
Leases are simply car payments that never end. Ever. And once you're a non owner it's difficult to stop leasing cause it's so $$$.

That said, with EVs I wonder if leasing isn't better, at least for now. Replacing batteries in say 5 yrs again gonna be cheap. But after a 3 yr lease the technology will be noticeably improved.
There is a "hack" for this were you lease the car, get the $7500 tax credit, then immediately buy out the lease.

But they are giving these things away around here. 5 grand off because they are rotting on the lot now that the model 3 qualifies for the tax credit.
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slatelsnarp
Jun 22, 2023
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Quote from ChiefAlchemist :
Leases are simply car payments that never end. Ever. And once you're a non owner it's difficult to stop leasing cause it's so $$$.

That said, with EVs I wonder if leasing isn't better, at least for now. Replacing batteries in say 5 yrs again gonna be cheap. But after a 3 yr lease the technology will be noticeably improved.
IONIQ 5 battery warranty is 10 years / 100,000 miles
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Jun 22, 2023
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Quote from Core2Quad :
Financing? Isn't the real deal when you do a lease, get the $7500 credit then do a lease buyout?
Why buyout when you could invest those funds at a rate > 0.9%? Current 13-month CD's pay 4.3%.
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VicSage
Jun 22, 2023
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Some dealers in my area, NE GA, are actually discounting the Ioniq5s $2500-$7500 right now. Not sure if that is a regional discount but the discounts seem to be coming from both the dealer and/or Hyundai. I know my local Hyundai dealer has had 3-5 Ioniq5s sitting in the front of their dealership for 1 - 2 months now that they can't seem to sell.

On a related note, the NHTSA just opened an investigation into the Ioniq5 due to reports that some Ioniqs are losing power while being driven. Not a full recall as of yet but enough complaints, around 30, to warrant a closer look. https://www.caranddriver.com/news...stigation/
7
Jun 22, 2023
6 Posts
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Jun 22, 2023
AnushhA
Jun 22, 2023
6 Posts
A lot of Ionic 5s on sale with 7500 off at dealers. They are unable to sell them, while tesla is destroying the market with price war. Even with all the price discounts and interest rate offers from Hyundai, Tesla Model Y is relatively cheaper when the features of the car are factored in.
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Jun 22, 2023
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lidoboi07
Jun 22, 2023
29 Posts
Ioniq needs to lower their price if they want to compete with model 3.
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hpark21
Jun 22, 2023
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Quote from fintlewoodlewix :
Good luck finding one for MSRP, and if you do, it won't be a low MSRP.
Except for Limited version, SE and SEL near my place appear to have 5-6k off of MSRP advertised.
Of course, if you want limited version, it does not appear that many would have discounts.

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