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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 291,508 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
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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?

591 Comments

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Jun 22, 2023
667 Posts
Joined Oct 2012
Jun 22, 2023
laptopvaio
Jun 22, 2023
667 Posts
Quote from VicSage :
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/ [caranddriver.com]
Didn't they tried to 'milk the cow' per say with $30+ markups disguised as 'Market Adjustment'? Nothing against the car but just the dealerships... but i hope it won't be possible to steal them in 5 minutes.
Last edited by laptopvaio June 22, 2023 at 12:04 PM.
1
Jun 22, 2023
1,355 Posts
Joined Aug 2010
Jun 22, 2023
JohnRambo
Jun 22, 2023
1,355 Posts
No Elon is a dealbreaker
1
4
Jun 22, 2023
1,498 Posts
Joined Dec 2013
Jun 22, 2023
VincentV2528
Jun 22, 2023
1,498 Posts
I will need new car in 4-5 months. Would like to buy this. But with this bullshit dealership, I will eventually ended up with Tesla
Jun 22, 2023
315 Posts
Joined Aug 2013
Jun 22, 2023
00821136
Jun 22, 2023
315 Posts
Chop off the back end, give me the smallest of smallest of back seats and a semi-decent sized truck bed and i would pay $10k more!
Jun 22, 2023
118 Posts
Joined Dec 2012
Jun 22, 2023
Digitalgtr
Jun 22, 2023
118 Posts
Quote from Andie :
My opinion that nobody asked for: A lot of hate in here for Hyundai. I own a Ioniq 5 AWD since June last year. I bought it at MSRP from Palm Springs Hyundai. Easy dealer to work with, no haggling straight up MSRP. Initially, I was looking at Tesla 1-2 years ago and I'm soooo glad I didn't buy one. I don't want to support Musk in any way shape or form. So it was between Ioniq 5 and Polestar 2 (Polestar also has an online shopping experience). Ended up with Ioniq as I liked the boxed pixel look of it and it was cheaper. It is my 1st electric vehicle.

Dealers suck, I agree. Find one that will work for you. Though I wish all cars were sold just online haggle free.

Ioniq 6 is quite ugly lol. iPedal mode sucks in all cars, IMO. Too much jerky breaking. Unless you/your passengers like feeling sick when you drive. Or maybe I need more driving experience in iPedal. 🤷 ♀️ whatever.

No issues at all with my Ioniq 5. ICCU is a concern but the 10 year warranty makes up for it. Of course all the people with the ICCU issue should be heard loud and clear.

The proprietary Tesla connector is just that proprietary. Calling it *now* the North American Charging Standard (NACS) is a bit disingenuous. Sure they are making it open source but Musk is an asshole I don't see him just giving it away for free. Im sure there's some scheme to lock everyone to Supercharger stations in the future or something lol. Everywhere else in the world CCS is the standard, yes even Teslas. CCS is no bigger, heavier, or awkward than the gas nozzle in ICE cars. Yes, that's kinda moving laterally and not forward but it's not that big a deal. No issues plugging in the J connector the first time I used it in my dim garage. CCS plugs in Hyundai, Kia, Ford provide vehicle to load.

Electrify America has been fine for me. Though I charge in my detached garage. I live in an apartment. Electric cars aren't for everyone at this moment.

I used to dislike Hyundai as I always saw them as cheap, crappy, boring cars (coming from Audi, VW, yay vwvortex/audizine). We initially bought a 2019 Ioniq Hybrid for the gas mileage and was impressed with the overall, value, quality, and reliability. Hyundai/Ioniq 5 doesn't deserve this much hate, lol. When their USA EV plant opens I sure hope pricing gets even more competitive. More competition = better deals for us.

YMMV, JUST MY EXPERIENCE. NO RAINCHECKS. YMMV
You should be focusing on buying a house instead of pissing away money on a $50k toy.

People often justify it saying "I only financed $25k because I traded in my 3 year old telluride that the dealer gave me $25k for"

They seem to ignore the actual cost per year. If they paid $55k for the telluride that's a $10k/year loss. I drive a used luxury vehicle that has cost me $8k between depreciation and minor repairs over 7.5 years
4
Jun 22, 2023
2 Posts
Joined Nov 2006
Jun 22, 2023
sdoorex
Jun 22, 2023
2 Posts
FYI, this does not qualify for the $7500 or $3750 federal tax credit if purchased on or after April 18t of this year. That's why they are offering manufacturer incentives.

https://www.fueleconomy.gov/feg/tax2023.shtml
Jun 22, 2023
1,265 Posts
Joined Feb 2011
Jun 22, 2023
indiaj0nes
Jun 22, 2023
1,265 Posts
Wait for ionic 6
1

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Jun 22, 2023
256 Posts
Joined Jul 2014
Jun 22, 2023
thanhle168674
Jun 22, 2023
256 Posts
Careful now guys, the IONIQ 5 is currently having serious issue with the battery and ICCU system. Reddit and Ioniq 5 Forum are reporting a lot of failures recently.

Sources:
https://www.ioniqforum.com/search...=relevance
https://www.caranddriver.com/news...stigation/
1
Jun 22, 2023
608 Posts
Joined Nov 2010
Jun 22, 2023
ravestar2002
Jun 22, 2023
608 Posts
Quote from SirMarvinHaggler :
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.
Are u considering the 0.99 % APR? Tesla is asking for way more than that.
Jun 22, 2023
62 Posts
Joined Sep 2011
Jun 22, 2023
asuyu
Jun 22, 2023
62 Posts
This isn't a real deal. Any EV made in the US will qualify for 7,500 tax credit. These aren't made in the US, they are made in Korea so to compensate the company is offering a discount roughly equal to the tax credit.
1
Jun 22, 2023
69 Posts
Joined May 2016
Jun 22, 2023
najin23
Jun 22, 2023
69 Posts
Does anyone know how this compares with model Y performance in terms of value in general? I know you can't compare them apples to apples but it seems that Model Y Performance is way better in every aspect.
1
Jun 22, 2023
526 Posts
Joined Sep 2007
Jun 22, 2023
sprogis
Jun 22, 2023
526 Posts
[QUOTE=Zalupashvily;164215223]I can find Mercedes for $3-5k and drive it for the next 10 years in comfort/QUOTE]
Mercedes for $3K and comfort for 10 years? Wait, what???
Jun 22, 2023
5,915 Posts
Joined Mar 2006
Jun 22, 2023
Core2Quad
Jun 22, 2023
5,915 Posts
Quote from VitaliyV9733 :
Can you please explain why it is better to do this way vs finance right away? I really dont get it.
Non-USA made EV's do not qualify for standard $7500 federal tax credit. But using commercial lease loophole they do qualify and many leasing companies pass on the savings to the buyer. So in many cases leasing with the intent to buy out the lease, or leasing then immediately buying out the lease may be a better option.
Jun 22, 2023
105 Posts
Joined Nov 2006
Jun 22, 2023
austai
Jun 22, 2023
105 Posts
Quote from DaMexica :
Hyundais are not known for quality at this price id rather buy something with known track record
Hyundai and Kia quality has improved a lot and their current offerings get very good ratings, at least for initial quality. Their EVs, for instance, are a lot quieter than the Model 3 and Model Y.

Tesla, on the other hand, has had a lot of issues with their early Model 3s and Model Ys. Maybe those issues have been resolved, but it's definitely not a slam-dunk case that Tesla quality is better than Hyundai/Kia.

The charging network for Teslas, however, is very nice compared to the rest, and definitely a selling point.

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Jun 22, 2023
923 Posts
Joined Jan 2011
Jun 22, 2023
vajratlr
Jun 22, 2023
923 Posts
I don't understand why anyone would buy this over a Model 3 that's cheaper, better range, better software, driving experience, tax rebate and a much better charging network. Unless you just dislike Musk.. there's no other reasons anyone should be buying this car.
1
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