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.
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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.caranddrive
590 Comments
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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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Now given that Phoenix is a monument to man's arrogance it's possible that liquid cooled battery would still overheat, but I'd be surprised if there was significant degradation like with the Leaf.
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The leaf had one of the worst design to keep the thermal down on their battery. They used a passive cooling system that eventually get clogged up (kindda like the prius, the only issue is the prius battery was 9kwh and the leaf is in the 50kwh)... but the same issue also kill the prius battery, you have to clean the filter to have the battery cool down properly.
These guys have active cooling setup, so I don't see the heat having a big effect, you will not get the same range because the active cooler will have to pump it's liquid through the system and that takes away some battery energy, but it should be ok.
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Now given that Phoenix is a monument to man's arrogance it's possible that liquid cooled battery would still overheat, but I'd be surprised if there was significant degradation like with the Leaf.
The liquid cool system should be ok... they can cool regular ICE car engine which produce so much more heat vs the battery... I honestly like the leaf system if you are in a mild climate and having the filter more accessable (also let the user know the clean the mofo once every 3 months would help a ton). Less things to worry about, no liquid. It's just that they do such a bad job at it.
Buy out = $30k
Not buy out = annual interest payment is 30k x 1% =$300 first year and it will get lower. For year 1, You invest 30,000 into CD at 4% = you get $1,200 less tax.
So you earn more than interest pmt each year until the car is paid off.
honestly the dealer have their games, and you need to get in the game if you want a good deal... Tesla is painless but I'm sure some of the profit is already factor in when you ordered one on line. With dealership you just have to dance with them until you get one in the price you like. Yes they are annoying but if you want a good deal they can be had, maybe not currently in the hot market, but it's comming, so many places are on hiring freeze, winter is coming, the dealer will want to get rid of their cars soon.
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Tesla also has the FAR better software experience, and semi-autonomous driving. Tesla has the supercharger network, and Tesla's plug is now the North American standard, as GM, Ford, etc have all agreed to use it, Hyundai (and all Japanese, Korean, and German) are not using it and thus you'll be in an awkward situation in a couple years.
Im not a Tesla fanboy, far from it. But id rather buy a model 3 than an Ioniq after driving both.
$41k lease taxes =~ $3300
then
$41k purchase taxes =~ $3300
Fees =~ > $100 (each time)
5 grand down
$7500 tax incentive
The instant buy out price is $31,259
So you are paying taxes on the inital 5 grand down, and the buy out, and any payments (some say make 90 days of payments before buyout depending on state). The math ends up $36k before taxes, etc, for a $42k car.
The lease buyout thread is now like 700 comments.
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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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