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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
591 Comments 292,620 Views
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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?

590 Comments

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Jun 22, 2023
1 Posts
Joined Jan 2020
Jun 22, 2023
FairChicken2159
Jun 22, 2023
1 Posts
Is there any advantage to getting this over a Model 3?
1
Jun 22, 2023
532 Posts
Joined Nov 2013
Jun 22, 2023
SirMarvinHaggler
Jun 22, 2023
532 Posts
Quote from fintlewoodlewix :
Good luck finding one for MSRP, and if you do, it won't be a low MSRP.
This is market dependent. I know a dealership that has 20+ sitting on the lot rotting in the rain.

They'll move em.
Jun 22, 2023
503 Posts
Joined Apr 2021
Jun 22, 2023
YW55
Jun 22, 2023
503 Posts
Just wait until Hyundai adopts the Tesla charging port like GM, Ford and Rivian.
2
Jun 22, 2023
434 Posts
Joined Aug 2021
Jun 22, 2023
PurpleMaple
Jun 22, 2023
434 Posts
Quote from AtTheLeftThere :
Technology Connections on YouTube covers a design flaw with this car, because he owns it and it concerns him.

https://youtube.com/watch?v=U0YW7...ure=share7 [youtube.com]
It's not specific to this car. This problem also affects Mercedes and Kia.
It's resolved by using less aggressive regen braking. It will probably be resolved via software update sooner or later.

Calling it a design flaw is incorrect.
1
Jun 22, 2023
532 Posts
Joined Nov 2013
Jun 22, 2023
SirMarvinHaggler
Jun 22, 2023
532 Posts

Our community has rated this post as helpful. If you agree, why not thank SirMarvinHaggler

Quote from FairChicken2159 :
Is there any advantage to getting this over a Model 3?
Pros and cons to each.

The model 3 is tested and should give as much trouble-free driving as any modern car. The quality control issues of Teslas are mostly behind them, but you can't avoid some cost-cutting measures like thin windshields, cheap plastics, and lack of NVH testing.

The Hyundai is solidly built, but they are experiencing growing pains with the powertrain, including a current investigation about one of the control units failing due to incorrect voltage (google "Ioniq 5 ICCU failure").

The biggest advantage the Model 3 has is the tax credit, if you're eligible. You get more car for the money with the Tesla. If you can accept all of the baggage that comes with owning a Tesla (which I'm intentionally leaving ambiguous), then I'd say it's the better buy in 2023.

The 2024 Model 3 will be lightly refreshed, which may include an updated exterior, some quality improvements, but also a loss of stalks on the steering column.
2
1
Jun 22, 2023
1,133 Posts
Joined Aug 2007
Jun 22, 2023
cloudiett
Jun 22, 2023
1,133 Posts
Quote from FairChicken2159 :
Is there any advantage to getting this over a Model 3?
So that people know you aren't Tesla fan
1
3
Jun 22, 2023
435 Posts
Joined Jan 2007
Jun 22, 2023
butalearner
Jun 22, 2023
435 Posts
Quote from AtTheLeftThere :
Technology Connections on YouTube covers a design flaw with this car, because he owns it and it concerns him.

https://youtube.com/watch?v=U0YW7...ure=share7
Came here to point this out. The tl;dw version is the brake lights don't come on even when using the strongest regenerative brake setting until the car comes to a complete stop. The deceleration at that setting is quite strong, and if you get rear-ended and the trailing car has a dashcam, it could be argued that it's your fault.
2

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Jun 22, 2023
130 Posts
Joined Jan 2019
Jun 22, 2023
DocPhilLMAO
Jun 22, 2023
130 Posts
Quote from actorps1 :
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!
bought a '19 accord sport in 2019 for 6k under msrp with costco pricing (27k, retail 33). 0 down, like $320 a month. Bought out the lease last year for the residual using financing at 2.5%, like $360 monthly. Gone are the days, man.

The car is STILL worth in a private sale what I leased/financed it for initially.
1
Pro
Jun 22, 2023
8,881 Posts
Joined Jul 2006
Jun 22, 2023
Nattefrost
Pro
Jun 22, 2023
8,881 Posts
This should be leasing for 400 with zero down..rip
5
Jun 22, 2023
503 Posts
Joined Apr 2021
Jun 22, 2023
YW55
Jun 22, 2023
503 Posts
Quote from PurpleMaple :
It's not specific to this car. This problem also affects Mercedes and Kia.
It's resolved by using less aggressive regen braking. It will probably be resolved via software update sooner or later.

Calling it a design flaw is incorrect.
Having to work around the problem by changing settings sounds like a design flaw to me. One pedal driving is a big draw for EVs.
4
Pro
Jun 22, 2023
3,134 Posts
Joined Dec 2006
Jun 22, 2023
yimnvs
Pro
Jun 22, 2023
3,134 Posts
I got tired of all the mark ups at all car dealers so I went online and got a Model 3 for msrp. Didnt really want a tesla due to quality control issues but all these dealers made me go Tesla.
1
Pro
Jun 22, 2023
2,058 Posts
Joined Dec 2012
Jun 22, 2023
snafufubarpita
Pro
Jun 22, 2023
2,058 Posts
Quote from batosai :
Why buyout when you could invest those funds at a rate > 0.9%? Current 13-month CD's pay 4.3%.
Simple interest vs amortized
Jun 22, 2023
1,509 Posts
Joined Feb 2010
Jun 22, 2023
nojmplease
Jun 22, 2023
1,509 Posts

Our community has rated this post as helpful. If you agree, why not thank nojmplease

Promo financing like this is often a shell game for dealers - they'll simply pad their profits elsewhere in the deal, and you won't come out ahead.
1
Jun 22, 2023
307 Posts
Joined Aug 2017
Jun 22, 2023
Poppmatic
Jun 22, 2023
307 Posts
Quote from butalearner :
Came here to point this out. The tl;dw version is the brake lights don't come on even when using the strongest regenerative brake setting until the car comes to a complete stop. The deceleration at that setting is quite strong, and if you get rear-ended and the trailing car has a dashcam, it could be argued that it's your fault.
They can argue that all day long, but the same dashcam is proof the driver who rear ended you is probably following too closely to begin with. If you are driving at highway speeds and you barely have a car length or two in front of you, you're too close for car to take any evasive maneuvers even even if the car in front of you isn't an Ionic 5.

I still think brake lights on when regen braking makes sense, as well as brake lights at a minimum height and not like the chevy bolt and Hyundai Santa Fe where the lights are near the bottom bumper
Last edited by shinshocker June 22, 2023 at 08:35 AM.

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Jun 22, 2023
612 Posts
Joined Nov 2006
Jun 22, 2023
gilbert_rebel
Jun 22, 2023
612 Posts
Quote from awong9970 :
I don't qualify for the federal rebate so I purchased last week when the 5k manufacturers rebate was announced. Haggled an additional 3k off on top of that for a 2023 SEL AWD. I'm located in Los Angeles county. I might e been better off going with the lease buyout but this was more straightforward. It also made more sense than the financing offer for me.
Hi..sounds like you got a great deal...can you PM the Dealer you did this deal please?

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