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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 293,501 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

VicSage
32 Posts
38 Reputation
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/
batosai
787 Posts
115 Reputation
Why buyout when you could invest those funds at a rate > 0.9%? Current 13-month CD's pay 4.3%.
Core2Quad
5940 Posts
1174 Reputation
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
386 Posts
Joined Nov 2014
Jun 22, 2023
low_ball_88
Jun 22, 2023
386 Posts
How is the Ioniq 5's back seat thigh support? I noticed in the model Y, the seat cushion is extremely short and very uncomfortable with a big gap from the back of the knees to the cushion
Jun 22, 2023
4,542 Posts
Joined Aug 2008
Jun 22, 2023
foxfai
Jun 22, 2023
4,542 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!
Exactly my thought. Maybe I am just too old when buying a car is sub $500 monthly payment vs. $1000. So stupid.
Jun 22, 2023
216 Posts
Joined Jul 2016
Jun 22, 2023
funnyperson1
Jun 22, 2023
216 Posts

Our community has rated this post as helpful. If you agree, why not thank funnyperson1

Quote from ElkBit :
Does anyone have an Ionic 5 and live in a very hot region like Arizona? I'm curious how extreme heat affects the range and performance of the vehicle. I've known a couple of Leaf owners here in Phoenix; one old me that the weather kills their battery much quicker, and another had to replace the battery entirely through their warranty.
The Leaf is literally the only EV to have serious problems with heat. Ever other modern EV is water cooled.

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.
1
Jun 22, 2023
296 Posts
Joined Nov 2016
Jun 22, 2023
slickdealrocker
Jun 22, 2023
296 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%.
Can you explain this in detail
Jun 22, 2023
109 Posts
Joined Oct 2014
Jun 22, 2023
AnotherCommenter
Jun 22, 2023
109 Posts
Quote from normz04 :
Wish we could just finance or lease a car all online and don't have to go to a seller and get overcharged. I think only Tesla does this
+ Rivian
Jun 22, 2023
3,150 Posts
Joined Jan 2004
Jun 22, 2023
warlock110
Jun 22, 2023
3,150 Posts

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Quote from ElkBit :
Does anyone have an Ionic 5 and live in a very hot region like Arizona? I'm curious how extreme heat affects the range and performance of the vehicle. I've known a couple of Leaf owners here in Phoenix; one old me that the weather kills their battery much quicker, and another had to replace the battery entirely through their warranty.

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.
1
Jun 22, 2023
221 Posts
Joined Sep 2013
Jun 22, 2023
mavvv
Jun 22, 2023
221 Posts
I've owned a 2022 SE since June 2022 (Actually it'll be a year tomorrow) and I wouldn't go for this 220 mile model. I actually wish I could go back and grab the SEL.

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Jun 22, 2023
3,150 Posts
Joined Jan 2004
Jun 22, 2023
warlock110
Jun 22, 2023
3,150 Posts
Quote from funnyperson1 :
The Leaf is literally the only EV to have serious problems with heat. Ever other modern EV is water cooled.

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.
Jun 22, 2023
6,240 Posts
Joined Mar 2005
Jun 22, 2023
PedroR
Jun 22, 2023
6,240 Posts
Quote from threeclaws :
This is the real issue that stops me from buying a hyundai/kia the dealers are the worst of the worst.
At best its tragic
Jun 22, 2023
560 Posts
Joined Dec 2010
Jun 22, 2023
SellMeCheap
Jun 22, 2023
560 Posts
Quote from slickdealrocker :
Can you explain this in detail
Let's say you need to pay cash $30k.

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.
Jun 22, 2023
3,150 Posts
Joined Jan 2004
Jun 22, 2023
warlock110
Jun 22, 2023
3,150 Posts
Quote from AnotherCommenter :
The two downvotes you got probably means a few dealers lurking here Smilie

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.
Jun 22, 2023
2,428 Posts
Joined Oct 2017
Jun 22, 2023
essix8
Jun 22, 2023
2,428 Posts

Our community has rated this post as helpful. If you agree, why not thank essix8

Quote from lidoboi07 :
Ioniq needs to lower their price if they want to compete with model 3.
Agreed. I like the aesthetics, some features and fit of the Ioniqs. But the interior is very cheap for the $40k starting price.

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.
1
Jun 22, 2023
4,073 Posts
Joined Mar 2006
Jun 22, 2023
nightanole
Jun 22, 2023
4,073 Posts
Quote from lazyfrodo :
Wouldn't you at least pay taxes twice on a vehicle if you do that though (leasing then buying)? I think in Washington it's a 0.3% adder for leases on vehicles beyond sales tax so this hack may only be great for states without sales taxes. Maybe I'm confused on this.

$41k lease taxes =~ $3300
then
$41k purchase taxes =~ $3300
Fees =~ > $100 (each time)
WAT?

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.
Last edited by nightanole June 22, 2023 at 04:14 PM.
Jun 22, 2023
21 Posts
Joined Aug 2011
Jun 22, 2023
legendzh
Jun 22, 2023
21 Posts
What about custom order? Same overhead on msrp?

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Jun 22, 2023
896 Posts
Joined Mar 2005
Jun 22, 2023
pruks
Jun 22, 2023
896 Posts
Quote from BrainDoc :
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.
If you earn too much and don't qualify for the 7500 fed tax rebate then it's better to lease it and buy out the lease.

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