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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https://www.autoevoluti
here's the first time I can think of they claimed they had a "breakthrough" in the lab-
Then 3 years later they said they were NEAR a breakthrough....
https://techcrunch.com/2017/07/25...s-by-2020/
Then 3 more years later they moved the goalposts another 5 years down the road but insisted it was coming!
https://www.google.com/search?q=T...e&
Now ANOTHER 3 years later--- same story.... they have a breakthrough again! But now Toyota "aims for mass production from 2027 to 2028"
Don't worry... in 2026 they'll announce Yet Another Breakthrough and SURELY they will have EVs based on it by 2030 or so.....
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)
Also for leases 5000 doesn't apply. They bake 7500 in the lease deal but I couldn't make sense of their lease offer either.
Almost like winning a magazine award doesn't make it a car actually worth buying compared to alternatives or something....
The current tax credit STILL does not include Hyundais. It NEVER did and was NEVER meant to.
Nothing was "changed to include them"
I agree someone is ignorant here but it ain't me
You're the one who claimed there was "confusion" the first few months of the year and they "ironed it out" when in reality the tax credit Jan 1 and the tax credit today work exactly the same for Hyundais.
That is- buyers don't qualify for it.
Leases do.
There was no time, ever, when as you claim "the tax credit didn't apply to them for a few months" but was then "ironed out"
This is in fact why Hyundai is now scrambling to figure out building EVs in the US- so that they'd finally qualify for at least part of the current credit.
That credit went away Dec 31, 2022. Again there were no "months of ironing out" anything as related to Hyundai- it was a known, clear, switchover from one credit in 2022 and before to a different one (that never applied to buying a Hyundai) in 2023 starting Jan 1 and continuing through today.
So this is just factually wrong.
Kia/Hyundais first EVs with what most consider "good enough" range were the the Kia Niro (238 range) and the Hyundai Kona, with even more range (258) both of which went on sale in 2019....both offering similar or better ranges than the Chevy Bolt or Nissan Leaf-- though finding themselves unable to outsell them. Then in 2020 launched the 2nd gen Soul EV also with comparable range.
Then the Kia EV6 and The Ioniq 5 (the car this thread is about) went on sale in the US in 2021.
So that's 5 models on the market before "just last year" and 3 of them on the marker for 3+ years.
https://insideevs.com/news/652873...ales-2022/
Hyundai does not expect to have their whole fleet switched to EVs for at least ten more years likely nearer 15... so that's a weird question.
But let's dig into the numbers a bit since you bring them up....
https://www.best-selling-cars.com...-by-model/
That's 2022 total US sales for Hyundai, at 724,265
https://www.prnewswire.
That's 2022 total US sales for Kia, at 654,554
So you again appear to be fudging your figures a bit-- those add to 1.378 million, not 1.5
Further, Hyundai sales were DOWN just over 2%, while Kias were up 1.7%... so overall they were DOWN slightly from 2021.
Tesla, in contrast, had sales just under 500k as previously cited in the US... and that was an INCREASE of 41 percent year over year
In Q1 2023 Tesla sales in the US were up 55% YoY at 170,000 for just Q1. Q2 is looking to be even higher.
Which means Tesla is likely to come in around 700,000-750,000 US sales -this- year.
Now, some good news for Kia/Hyundai- their Q1 sales were also up YoY... 12 and 16% respectively... this would bring them (assuming it was sustained all year) up to around...1.57 million sales.
So in one year Tesla will have gone from selling only 1/3rd as many cars in the US to selling about 1/2 as many.
And again, Tesla sales have been growing at this average 50% rate every year for years and they expect to keep doing so.
Anyway, what do I think happens when Hyundai is all EVs?
When do you think that happens?
I ask- because Hyundai said this week that their goal for 2030 is to sell 2 million EVs worldwide not just US sales. And that's only half their annual worldwide sales.
So they only expect to have half their fleet as EVs by 2030- at 2 million EVs a year.
Tesla is going to sell quite near 2 million EVs worldwide this year
Their stated goal for 2030 is 20 million. (and that'd actually be a bit of a slowdown from their previous 10 years of 50% CAGR- at 50% growth they'd hit 20 million in 2029)
Almost like winning a magazine award doesn't make it a car actually worth buying compared to alternatives or something....
Again... what?
The current tax credit STILL does not include Hyundais. It NEVER did and was NEVER meant to.
Nothing was "changed to include them"
I agree someone is ignorant here but it ain't me
You're the one who claimed there was "confusion" the first few months of the year and they "ironed it out" when in reality the tax credit Jan 1 and the tax credit today work exactly the same for Hyundais.
That is- buyers don't qualify for it.
Leases do.
There was no time, ever, when as you claim "the tax credit didn't apply to them for a few months" but was then "ironed out"
This is in fact why Hyundai is now scrambling to figure out building EVs in the US- so that they'd finally qualify for at least part of the current credit.
That was an entirely different credit.... different law, no price or income limits, no manufacturing or materials requirements, and a hard cap on total sales per car maker.
That credit went away Dec 31, 2022. Again there were no "months of ironing out" anything as related to Hyundai- it was a known, clear, switchover from one credit in 2022 and before to a different one (that never applied to buying a Hyundai) in 2023 starting Jan 1 and continuing through today.
So this is just factually wrong.
Kia/Hyundais first EVs with what most consider "good enough" range were the the Kia Niro (238 range) and the Hyundai Kona, with even more range (258) both of which went on sale in 2019....both offering similar or better ranges than the Chevy Bolt or Nissan Leaf-- though finding themselves unable to outsell them. Then in 2020 launched the 2nd gen Soul EV also with comparable range.
Then the Kia EV6 and The Ioniq 5 (the car this thread is about) went on sale in the US in 2021.
So that's 5 models on the market before "just last year" and 3 of them on the marker for 3+ years.
I think you mean just shy of 500,000?
https://insideevs.com/news/652873...ales-2022/ [insideevs.com]
And that was BEFORE lower prices and the tax credit (which they didn't qualify for at all in 2022)
Hyundai does not expect to have their whole fleet switched to EVs for at least ten more years likely nearer 15... so that's a weird question.
But let's dig into the numbers a bit since you bring them up....
https://www.best-selling-cars.com...-by-model/ [best-selling-cars.com]
That's 2022 total US sales for Hyundai, at 724,265
https://www.prnewswire.com/news-r...13187.html [prnewswire.com]
That's 2022 total US sales for Kia, at 654,554
So you again appear to be fudging your figures a bit-- those add to 1.378 million, not 1.5
Further, Hyundai sales were DOWN just over 2%, while Kias were up 1.7%... so overall they were DOWN slightly from 2021.
Tesla, in contrast, had sales just under 500k as previously cited in the US... and that was an INCREASE of 41 percent year over year
In Q1 2023 Tesla sales in the US were up 55% YoY at 170,000 for just Q1. Q2 is looking to be even higher.
Which means Tesla is likely to come in around 700,000-750,000 US sales -this- year.
Now, some good news for Kia/Hyundai- their Q1 sales were also up YoY... 12 and 16% respectively... this would bring them (assuming it was sustained all year) up to around...1.57 million sales.
So in one year Tesla will have gone from selling only 1/3rd as many cars in the US to selling about 1/2 as many.
And again, Tesla sales have been growing at this average 50% rate every year for years and they expect to keep doing so.
Anyway, what do I think happens when Hyundai is all EVs?
When do you think that happens?
I ask- because Hyundai said this week that their goal for 2030 is to sell 2 million EVs worldwide not just US sales. And that's only half their annual worldwide sales.
So they only expect to have half their fleet as EVs by 2030- at 2 million EVs a year.
Tesla is going to sell quite near 2 million EVs worldwide this year
Their stated goal for 2030 is 20 million. (and that'd actually be a bit of a slowdown from their previous 10 years of 50% CAGR- at 50% growth they'd hit 20 million in 2029)
as do your "What???" You're not very educated on the events of these bills are you? This is probably why you think Tesla being the current market leader will be the leader in 5 years… Spoiler Alert, they won't. The Ioniq is luxury vehicle at Heart and it drives like one.
Now read this, because it explains why the Hyundai and Kia sales hit a snag for a little bit. It was Biden's Bill.
https://fortune.com/2022/12/30/wh...igibility/
Also, Hyundai did receive the tax credit before the Biden bill. I know, because I received the full $7500 for mine and my daughter received the full $7500 for hers.
Oh and more of your ignorance regarding the Kona and Niro… They weren't able to get any footing, because they didn't even sell them in most states. To this day you can't buy a Kona EV in Florida without getting it shipped in from another state or finding it used.
Also, the Hyundai will qualify once the GA plant comes back online.
https://time.com/6272655/electric...edit-list/
Why do you keep posting easily debunked untrue things?
I cited 3 previous models that launched in 2019 and 2020 with 'real' range.
and
Hyundai is not remotely #2 in EVs worldwide.
https://insideevs.com/news/666633...ble%20
They aren't even in the top 5 brands for battery electric vehicle sales-- which for Q1 2023 are:
Tesla: 422,873 and 23.6% share
BYD Group: 264,300 and 14.7% share
Volkswagen Group: 133,933 and 7.5% share
SAIC (incl. SAIC-GM-Wuling): 133,269 and 7.4% share
Geely-Volvo: 102,018 and 5.7% share
Neither Hyundai or Kia appear here since they're separate nameplates- but if you combine Hyundai AND Kia you still have them coming in roughly in a 3-way third place tie with VW and SAIC.... way way behind the actual #2 BYD, which itself is ~180k cars behind #1 Tesla.
Please stop making up nonsense and posting it here.
https://fortune.com/2022/12/30/wh...igibility/
That is "It was clear to everyone on earth except pmperry they did not qualify, and could not qualify any earlier than 2025, and nothing has changed in the 6+ months since
BTW it looks like, for Kia anyway, the results of clearly not qualifying for the credit this year have not been great-
https://insideevs.com/news/673499...-struggle/
From January through April 2023 "Kia noted a 27 percent decrease in new BEV registrations" in the US.
In terms of individual models Kia had 0 in the top 10 for BEVs.... Hyundai had 1 (the Ioniq 5, in 8th place- behind 3 Tesla models, 2 Chevy models, 1 Ford model, and 1 VW model)
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Why do you keep posting easily debunked untrue things?
I cited 3 previous models that launched in 2019 and 2020 with 'real' range.
and
Hyundai is not remotely #2 in EVs worldwide.
https://insideevs.com/news/666633...ble%20cars [insideevs.com].
They aren't even in the top 5 brands for battery electric vehicle sales-- which for Q1 2023 are:
Tesla: 422,873 and 23.6% share
BYD Group: 264,300 and 14.7% share
Volkswagen Group: 133,933 and 7.5% share
SAIC (incl. SAIC-GM-Wuling): 133,269 and 7.4% share
Geely-Volvo: 102,018 and 5.7% share
Neither Hyundai or Kia appear here since they're separate nameplates- but if you combine Hyundai AND Kia you still have them coming in roughly in a 3-way third place tie with VW and SAIC.... way way behind the actual #2 BYD, which itself is ~180k cars behind #1 Tesla.
Please stop making up nonsense and posting it here.
Boy I love when people post a source they clearly didn't bother to read
That isn't a "snag for a little bit"
That is "It was clear to everyone on earth except pmperry they did not qualify, and could not qualify any earlier than 2025, and nothing has changed in the 6+ months since
Also, VW was in 3rd place on the list at the end of last year.
It was
1. Tesla
2. Hyundai and Kia tied with GM
3. VW
BYD group sells 95% of their vehicles in China and it wouldn't surprise me if it were largely with stolen IP. They simply will not be a factor in the near future, outside of China.
As for the claims about the EV Credits, not easily debunked I told you I received the credit under the old plan, the new plan will not allow them to qualify until the GA plant comes online. What's amazing is they still sold 50K cars in the US even though that information dropped in April of 2022.
Also, it did t eliminate Kia or Hyundai by name, it said they had to be manufactured in the USA. That's coming and then they will be included.
I get it, you're struggling with justifying your brand loyalty to Tesla, when there are clearly better riding EVs on the market. You should be praising the other cars, but instead you're stuck on the fact that they're still selling far more Gas vehicles than Electric and that's just stupid.
Oh and another note. Tesla only had to get the Model Y down to the $55K mark, yet they matched the Ioniq 5 pricing. Why is that? Because the Ioniq 5 was the first real threat to any of their product lines.
Another note on the Kona, that's more expensive than the Bolt and that's another reason the bolt outsells it.
They are, at best, in a 3-way tie for third with VW and SAIC.
YOU specified total worldwide sales.
Then when caught out on being wrong about who was #2, you start shoving goalposts downfield as fast as possible
If you'd like to switch back to only US BEV sales so you can magically ignore BYD we can do that too.
In Q1 2023 Hyundai/Kia combined were not #2 there either--- GM was.
Though just as with the worldwide numbers they're vastly far behind #1 Tesla... and falling further behind as Tesla sales continue to outgrow theirs... (as I just pointed out, From January through April 2023 "Kia noted a 27 percent decrease in new BEV registrations" in the US... )
If you go back and look at previous, older, EV threads--- I've praised Hyundai/Kia EVs all the way back to their original reasonable-range models from 2019 and 2020 as perfectly competent offerings-- better than those from several other legacy companies at the time.
The problem is in the US right now they're simply overpriced compared to alternatives.
That's the whole reason this thread exists because only via the leasing loophole... if you can find one at MSRP and willing to pass the full credit through a lease[/B] does the car become worth considering again.
And the fact they are struggling with sales in 2023, while US-made EVs are soaring in sales figures, is further evidence of that fact.
2023: "Toyota to roll out solid-state-battery EVs as soon as 2027"
2020: "Toyota's Quick-Charging Solid-State Battery Coming in 2025"
2017: "Toyota's new solid-state battery could make its way to cars by 2020"
2014: "Toyota to Offer High Performance Solid-State Batteries in 2020"
2023: "Toyota to roll out solid-state-battery EVs as soon as 2027"
2020: "Toyota's Quick-Charging Solid-State Battery Coming in 2025"
2017: "Toyota's new solid-state battery could make its way to cars by 2020"
2014: "Toyota to Offer High Performance Solid-State Batteries in 2020"
Don't forget in 2009 when they said they'd be selling BEVs in 2012-
https://www.greencarrep
Hilariously- the car they intended that to be true for, not so much... but they DID, technically, launch a BEV in the US in 2012... using a Tesla powertrain (the 2012 Rav4 EV)- though they only made about 2500 of them total and only sold them in a couple places in California.
Years from now Toyota is gonna be a cautionary tale case study in business schools right along with Blackberry and Nokia.
Except, again, they factually do not
They are, at best, in a 3-way tie for third with VW and SAIC.
They absolutely are, you're citing a company whose numbers you can't verify and you can't even buy their cars. Don't give me that crap, nobody talks about the BYD Group. You're only counting them to try and knock the other brands. It's stupid, the Ioniq 5 is a better car than the Model Y and that has you seriously butthurt.
Dude.
YOU specified total worldwide sales.
Then when caught out on being wrong about who was #2, you start shoving goalposts downfield as fast as possible
I did specify worldwide sales, but I didn't think you would pad your numbers with unverified stats. Also, both GM and Hyundai / Kia have laid hold of that claim, so take it up with them.
If you'd like to switch back to only US BEV sales so you can magically ignore BYD we can do that too.
Or we can ignore them, because they're only sold in China and you can't verify they've sold anywhere near what they're claiming. Also, I would bet money they stole the IP for much of the cars, just like they do with everything over there.
In Q1 2023 Hyundai/Kia combined were not #2 there either--- GM was.
GM made that Claim, but it was confirmed the two companies were in a statistical tie last year. Sorry you don't like that, but that's on you. Like I said, both companies made the claim and independent 3rd parties found they were pretty much neck and neck. If you want to nit pick that, it's on you.
Let me tell you what I like about my car…
1. It has a ton of room, the kind of rear seat leg room you would only find in luxury vehicles in the past. The rear seats recline and you have the option of a foot rest with them. If you don't need all that room and want a 3rd row seating option, buy the EV 6 and you have the 3rd row seating option.
2. The Duel engines do very well against pretty much any Gas vehicle on the road and there aren't many that can out accelerate it off the line (I haven't found one yet, but I'm sure they do exist).
3. There is literally almost no maintenance to the car (I'm sure that's true with all EVs).
4. iPedal single pedal operation makes driving the car a breeze. And this is a 4th level of regenerative breaking,
5. Cruise control with lane changing, auto adjusting the speed to match the posted speed limits.
6. Drive by Wire allows the company to completely change the way the car rides depending on the mode you're in. If you go into sport mode the steering tightens up and and the governors are removed, it feels like a very different car.
7. If a hurricane takes out the Power, I can plug my Ioniq into the 220 I had installed and power essential items around the house with it (the fact that we have 2 makes that doubly good).
8. I get two years worth of free high speed charging and the car is the fastest charging EV on the market, tied with the Porsche and EV6.
9. The Solar on my roof means I'm never paying for a charge again for daily commuting.
10. If the wife ever gets the the battery to low, We can charge it from my Daughter's Ioniq 5, no need for a tow, just cable to cable and turn on the charging option.
11. The Break Pedal turns into a supplemental breaking option (like an additional E Break) when you're in I Pedal mode.
Now let me tell you what I don't like about it.
1. The windshields seem fairly fragile by comparison and they chip very easily, plus they require an OEM windshield as they have sensors in them.
2. It needs a rear wiper and that should have never been missed.
Those are literally the only thing I dislike about that car.
When the N Lines hit the market, that's when things will get really interesting.
Smart discretionary money stays far away from the current EV market.
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