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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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.
https://www.caranddrive
Except of course it factually is not.
No, they did not. This is nonsensical.
A 90% warranty rate and any company would be bankrupt in a year or two.
Anyway, back to actual facts
https://www.warrantywee
That's warranty claims rate, as a percentage of sales, for all major brands for 2020 and 2021 (most recent data available) and derived from the actual financial reports of all the respective car companies.
Mercedes claim rate is 3.0% and 2.8% respectively.
Hyundais is 2.4% and 2.7%
Teslas is 1.1% and 1.1%. The best of any brand selling in the US.
Toyota is second best in the US at 1.4% and 1.0% a slightly worse average over the 2 years than Tesla.
And it's not the first time this was pointed out. In this very thread.
(If you're about to ask why the chinese-market-only brands are even lower, that too was explained, in detail, earlier in the thread- feel free to look it up)
Also, cases like manufacturers reject warranty although it is covered. Eg
My Toyota was covered in warranty and dealer was giving me a tough time to make a claim. I eventually sold as-is
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Here's the FTC on that if you're unclear on it:
https://consumer.ftc.go
It's true the length of the real warranty differs- so a company with a shorter warranty term might have a lower warranty cost (this is part of why the chinese makers are so low- they have short ones and they cover less)--- but the warranty on Teslas are actually LONGER than Toyotas for both bumper to bumper (3 yr/36k vs 4 yr/50k), and powertrain (5 yr/60k vs 8 yr/100-120k)....and yet Teslas claim rate is still lower.
The warranty length for Mercedes is the same as Tesla bumper to bumper, and still lower than Tesla for powertrain (except for Mercedes EVs where it's the same but make up a near 0 percentage of Mercedes sales in the 2 years the data covers) and again Teslas warranty rate is much lower.
So if anything differing lengths makes Teslas numbers look even better compared to most brands with shorter warranty length but higher claims rates.
The IRA tax credits don't expire until 2032 (and there's certain conditions that could cause them to run even longer).
Congress could always pass a new law to change that of course, but they won't just "run out" on their own for many years.
Here's the FTC on that if you're unclear on it:
https://consumer.ftc.go
It's true the length of the real warranty differs- so a company with a shorter warranty term might have a lower warranty cost (this is part of why the chinese makers are so low- they have short ones and they cover less)--- but the warranty on Teslas are actually LONGER than Toyotas for both bumper to bumper (3 yr/36k vs 4 yr/50k), and powertrain (5 yr/60k vs 8 yr/100-120k)....and yet Teslas claim rate is still lower.
The warranty length for Mercedes is the same as Tesla bumper to bumper, and still lower than Tesla for powertrain (except for Mercedes EVs where it's the same but make up a near 0 percentage of Mercedes sales in the 2 years the data covers) and again Teslas warranty rate is much lower.
So if anything differing lengths makes Teslas numbers look even better compared to most brands with shorter warranty length but higher claims rates.
The IRA tax credits don't expire until 2032 (and there's certain conditions that could cause them to run even longer).
Congress could always pass a new law to change that of course, but they won't just "run out" on their own for many years.
Laws change inclusing state laws. Good luck.
Yeah I mean CCS/ChaDeMo have probably lost the standards war but that won't materially impact anyone for decades AND converters between all 3 work fine so it doesn't actually matter regardless.
There are no generic adapters that allow cars not part of the NACS Tesla standard to use Tesla superchargers in the US (because they require more than a physical adapter)
There is a Tesla-made adapter but it's physically attached to the charger not for sale to the public- and only attached at a tiny % of chargers... (and the rates are higher for non-teslas using them)- while this program IS expanding it's never going to include more than maybe 10-15% of superchargers based on announced numbers.
Only companies who make a deal with Tesla will get access to the majority of Tesla chargers and pay the same rates as Tesla owners.... currently that's only GM and Ford.
So to sum up:
Teslas can use anybody's L3 chargers (though they need a $175 adapter for CCS ones)
Ford and GM can use CCS chargers only today... early next year they will get access to an adapter that will let them use the majority of Tesla superchargers as well-- but it'll be tied to that brand/car not generically useful- and for 2025 models they will have Tesla charge ports natively.
Everyone else is stuck with only CCS chargers outside of a small % of Tesla chargers that have adapters attached to them, and they will pay higher rates to use those few.
Meaning their industry leading low warranty rates are even better than they first appear. For example #2 Toyotas warranties are 3/36k and 5/60k.. both shorter than Teslas.
As was already explained to you in the original post.
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There is a Tesla-made adapter but it's physically attached to the charger not for sale to the public- and only attached at a tiny % of chargers... (and the rates are higher for non-teslas using them)- while this program IS expanding it's never going to include more than maybe 10-15% of superchargers based on announced numbers.
Only companies who make a deal with Tesla will get access to the majority of Tesla chargers and pay the same rates as Tesla owners.... currently that's only GM and Ford.
So to sum up:
Teslas can use anybody's L3 chargers (though they need a $175 adapter for CCS ones)
Ford and GM can use CCS chargers only today... early next year they will get access to an adapter that will let them use the majority of Tesla superchargers as well-- but it'll be tied to that brand/car not generically useful- and for 2025 models they will have Tesla charge ports natively.
Everyone else is stuck with only CCS chargers outside of a small % of Tesla chargers that have adapters attached to them, and they will pay higher rates to use those few.
Except that the coverages are longer for Tesla than most brands- and comparably long to most of the longest.
Meaning their industry leading low warranty rates are even better than they first appear. For example #2 Toyotas warranties are 3/36k and 5/60k.. both shorter than Teslas.
As was already explained to you in the original post.
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