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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A better question is why you're not sure.
Citation for Model Y being the best selling car in the world:
https://cleantechnica.c
Citation for it selling over 27,000 units a month in the US:
https://insideevs.com/news/672690...ehicle-us/
NOTE: this is actually 1 month more data than I cited before- meaning they're now averaging over 30,000 a month in the first 4 months of the year (and as sales continue to rise it remains likely it'll end the whole year as the worlds best selling vehicle)
Citation for Hyundai only selling about 2000 of this car a month in the US:
https://carfigures.com/us-market-...ai/ioniq-5
That's monthly US sales of the IONIQ 5 in the US. Average across the 5 months is 2101 cars a month.
I said best selling in the world. Because it factually is. Right now.
It also was the best selling in Q1. It has been all year- in fact in the most recent data AFTER Q1 its lead got even larger (as I showed with my most recent link pointing out the #s got larger AFTER Q1 for the Model Y as best selling).
Not sure where you're getting lost here?
I said roughly 2/3rds of households live in single family homes where they can charge at home.
Because they do.
EV supply isn't sufficient to even sell to that market, and won't be for years yet- let alone the minority who are unable to charge at home.
I agree it's not "essential" but it makes the ownership experience vastly better and easier.
Hence why I specifically said (contrary to the straw man you keep trying to build) that you CAN own an EV without home charging (especially if you don't drive much) but that the current market isn't really designed for that....The reason superchargers are somewhat spread out is they're intended for road trips- not daily/local charging... and that by the time the supply of EVs gets big enough it's an issue such people will be able to charge at home fairly easily as more apartment complexes and workplaces adapt to the market and add charging locally.
Vastly cleaner.
This has been covered numerous times in this (and other) EV threads already.
Again- vastly cheaper using average electric and gasoline rates combined with average MPGe and MPG of EVs and gas cars. Also already covered in depth many times.
(including the outliers on both sides- like that one dude in CT or someplace that claims he's paying like 50 cents a kwh but gas is practically free or somesuch.... versus say my situation where I was with a local electric co-op and my overnight rates let me add 300 miles of range to my EV for $2 while a single gallon of gas was $2.50-3.50 the whole time)
I think your fighting the good fight for EV and either have a very eco-minded setup compared to average or are looking through rose colored glasses because of your personal stance? You're 300miles per $2 of electric seems way off any kind of realistic average and makes you seem equally unrealistic in favor of EV.
I'm not saying you're wrong, it IS economical still. But in a forum like this you have to look at pure economics and lay things out in a way that others can apply the pure $$ to their situation. That's what I was asking for if anyone else had real % fuel savings by region per mile, sorry if I missconveyed that.
My situation it just doesn't seem to make sense. Neither driver in my house commute. We need weekend warrior vehicles that can haul lots of people and large dimensional loads. The best EV for that is saving 50% against current fuel costs which are currently only $25 a week for the few trips we make. The fuel savings just won't recoupe on upfront costs and other related issues.
Lastly, I don't know about you, but electric rates here in the NE went bonkers and doubled or more in the last 2-3 years. So that 50% fuel savings could very well go bye bye. Especially if gas prices drop for what ever reason.
My point in all this is that for the individual consumer it's a lot closer race than most people who enjoy debating it let on. Just your use of the world "vastly" makes me think you're leaning too far to one side. I'd love EVs to deliver all the promises but they seem overblown. If we lean on them as the proper solution to problems of overconsumption we're just looking for an easy button that won't pan out. Even if I'm going to do this for Eco reasons, with the amount of money on the line I can only afford to do it once every 10 years. Id rather drive my current vehicle another 2 years hoping that my choices then are better.
EDIT- Also, just caught this... 2-3 mpkWh is too low a range to be using for the cars being discussed.
Most efficient EVs are 3-4 miles per kwh--- meaning savings is significantly more than you suggest.
The cars most discussed in this thread for example-- the Tesla models Y and 3 gets between 3.3 and 4.17 miles per kwh. The Hyundai Ionic 5 gets between 3-3.3 miles per kwh (both depending on specific trim of the car)
I think you are ignoring the text you quoted right before I mentioned that rate-- I not only didn't suggest that rate was typical- I specifically called out it was an outlier rate on the low end- and that there's likewise outlier rates on the high end.
But as you seem to agree, using average rates on both fuels, the EV is still 60% cheaper. **EDIT and as pointed out in the edit up top, your math made overly conservative assumptions about miles per kwh for EVs so this # should be larger.
Even you agreed 60% lower fuel costs (and lower TCO in other ways too) ***Again, actually larger savings than that using realistic miles per kwh numbers)
The only way it didn't make sense for you was a combo of non-average factors
(Weekend only driving, large capacity needed, and already own a perfectly working vehicle that does all that).
Again- NO new car makes much sense economically- regardless of fuel- for someone with a perfectly fine, no problems, existing car that does all they need and who doesn't even drive much anyway.
There's other cost savings as well, again comparing new car to new car which doesn't seem to be what you're actually doing here.
Which probably explains why the best selling car in the world of any type now is an EV and why EV sales continue to be an increasingly larger % of new car sales quarter after quarter... likely to reach a majority by the end of the decade- and with many places entirely banning ICE vehicle new car sales by 2035.
Well, for starters, one is a sedan and the other is a crossover/SUV...
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The Hyundai in this thread sells about 2000 cars a month in the US.
Teslas Model Y, for example, the best selling car is the world, sells over 27,000 cars a month in the US.
This car came out in 2021.
Tesla was steadily raising prices throughout 2022.
Teslas price cuts in 2023 are reflective of:
Vastly increased production of Teslas (avg 50% YoY growth for a decade now) so economies of scale lower their costs quite a bit- hence why they continue to have record profit margins even when cutting prices.
and
Higher interest rates slowing car sales in general
I can't recall anybody actually making this claim in the thread- so you appear to be building a strawman here.
it certainly has an inferior charging network, that's objectively provable- but it HAS one.
This again is grossly, factually, wrong.
The tax credit applied for more cars the first few months- it now applies to less
And it never and still does not apply to buying Hyundais.
It does apply to all EVs that are leased.
But it always did since the credit started so noting changed there
So literally nothing you wrote reflects reality.
It appears your experience was just that you didn't understand how to get this taken care of.
Thanks for confirming!
Of course you can.
I went through exactly this with Lexus. My local dealer didn't want to cover something-- I called Lexus directly and they handled it.
If they hadn't I could have simply gone to a different dealer- since they're independently owned and operated but the new car warranty is valid at any of them.
And if that didn't work I could've gone to the state attorney general to enforce the warranty.
And if that didn't work I could've gone to small claims court or to the FTC.
There's like 6 layers of further recourse if one local dealer won't help you.
Shame you were, as you now admit, unaware of any of this... a few minutes googling enforcement of new car warranty would've saved you a ton of $ it seems.
And again, the SAME rules and laws apply to all brands of cars so there's nothing that would impact the warranty claims rate of one versus the other in any of this.
You can try to argue that wasn't the case, but the price was awfully close to the Ioniq 5 pricing (one would say, almost identical, or close enough that it doesn't make a huge difference).
As for the tax credit, they had to be manufactured in the USA, you're straight up ignorant here as none of these Hyundais were and that bill changed to include them. The previous rules had the tax credit, that's when we bought the two Ioniqs we have.
I do not dislike Tesla, I just refused to pay $60K for a car that was feature for feature a match for the car I paid $47K for. Also, I got two years of free high speed charging, cars like the Model 3 don't get that and that was in the 40s.
Now let's talk about Hyundai / Kia EV Sales in the USA. They sold about 60,000 last year and it was the first year they had any EV with a decent range.
Another thing, Tesla sold just shy of 400K vehicles in the USA last year, Hyundai / Kia sold just shy of 1.5 Million vehicles in the USA. What do you think happens when they convert their whole lineup to Electric Vehicles? The Hyundai faithful either buy into the new line or they find another gas powered vehicle or get behind (those will be fewer and fewer as the years go by).
Would someone who has figured this out care to comment on my query about this deal?
Edmunds forums don't seem to report this 0.99 APR. The MF being quoted for the lease deals is ~ 0.0025 which is ~6% according to their lease calculator.
New to leasing so would appreciate some clarification on this.
Also the dealership near me has an asterisked HMF dealers choice bonus of ~$5000 (need to ask dealer about details) any idea what that might be? This is in addition to the $7500 lease cash.
This is not covering the additional military and new grad incentives (which I'm not eligible for obviously)
A better question is why you're not sure.
Citation for Model Y being the best selling car in the world:
https://cleantechnica.c
Citation for it selling over 27,000 units a month in the US:
https://insideevs.com/news/672690...ehicle-us/
NOTE: this is actually 1 month more data than I cited before- meaning they're now averaging over 30,000 a month in the first 4 months of the year (and as sales continue to rise it remains likely it'll end the whole year as the worlds best selling vehicle)
Citation for Hyundai only selling about 2000 of this car a month in the US:
https://carfigures.com/us-market-...ai/ioniq-5
That's monthly US sales of the IONIQ 5 in the US. Average across the 5 months is 2101 cars a month.
So gullible of me... even the original response to my neither pro or con stance questions kind of drags us into an EV vs gas debate instead of just trying to answer my question about kWh / mpg. Good luck with all your winning, you've squarely landed me DGAF land.
PS: Further replies just kind of reinforce the above argument 😁
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