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
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My 2014 Ford PHEV only has 37k miles on it, so I am guessing I'll be fine for 10 more years.
There are also plenty of other cars that would be as easily stolen if there was a social media trend that encouraged it
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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They're for road trips.
99% of EV charging is done at home while you sleep. You just wake up with a "full" tank every morning (or as full as you wish it to be depending on use and type of battery)... you don't need public chargers unless you're driving hundreds of miles that day
(and the vast majority of people in the US live in single family homes- yes there's a minority unable to charge at home currently, these might not be the ideal buyers for EVs today, but given EV supply isn't nearly enough to cover even just the people living in houses that's not really an issue overall-- by the time supply catches up the home charging for apartment dwellers will also be solved)
Many in US don't own homes that can charge eg. Condos, townhouses, apartments, mobile. For those, the only option is to leave a car at work or public space for 8+ hours or use superchargers. I opt for the later
Markets are just starting to soften. Dealers are still building inventory and are only in the early stages of feeling pressure to move units.
If you need a car now, go for it...but I see prices continuing to drop over the next 6-12 months
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.
Many in US don't own homes that can charge
EV supply isn't REMOTELY close to being able to supply even the >2/3rds of households that CAN charge at home and won't be for years yet.
So EVs will be harder for the minority to use for a while, but there's vastly more buyers who can charge at home out there than there are new EVs to buy- for years yet.
That doesn't mean it's impossible to own an EV if you live in an apartment with no home charging obviously (especially if you don't drive a ton of miles) but it means the current environment isn't really designed or intended for that.
By the time EVs can supply even 50% of the market- which is maybe by end of the decade- things like chargers at apartment complexes will be much more common- but that's not today.
I think car makers are taking us for a ride because they see too many are willing to get talked into a $40k car vs a $20k car. Pandemic pressure is there sure, but even that is overblown. My old econobox was 16yo when the pandemic hit. I was already pushing it's age and was ready for something new. A few repairs kept it running well enough to avoid contributing to the crazy pandemic price rush. Last year the AC went out too, but again, not a necessity. It's 20yo and still serves it's purpose just fine. Don't get talked into spend you don't need. Please really think twice if that spend is a loan/debt. You'd be amazed the difference between what you want vs need when you stop listening to commercials, sales reps, fan bois, etc.
Slickest deal is sometimes no deal at all. Keeps the most money in your pocket or account making you more $$$.
As I specifically called out- this is a minority of the US population (less than 1 in 3 households)
EV supply isn't REMOTELY close to being able to supply even the >2/3rds of households that CAN charge at home and won't be for years yet.
So EVs will be harder for the minority to use for a while, but there's vastly more buyers who can charge at home out there than there are new EVs to buy- for years yet.
That doesn't mean it's impossible to own an EV if you live in an apartment with no home charging obviously (especially if you don't drive a ton of miles) but it means the current environment isn't really designed or intended for that.
By the time EVs can supply even 50% of the market- which is maybe by end of the decade- things like chargers at apartment complexes will be much more common- but that's not today.
There are many that offer free charging for first few years and folks would rather use that as compared to charge on home or work stations.
Night charging is overrated and not essential requirement for owning EV
Got many in my area that specifically charge at fast chargers.
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Then on the mileage side how they rack up $ per mile compared to gas. Anyone have numbers for this in the North East with electric / gas pricing? How much am I really saving? As EVs become more prevalent they will likely raise electric rates based on demand.
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