Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
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 292,766 Views
Visit Hyundai
Good Deal
Save
Share
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
Visit Hyundai

Leave a Comment

Unregistered (You)

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

Sign up for a Slickdeals account to remove this ad.

Jun 28, 2023
38 Posts
Joined Jun 2013
Jun 28, 2023
Urbanjanitor
Jun 28, 2023
38 Posts
Quote from PN10 :
I suppose the selling price will be quite different between lease and purchase due to the $7500 credit. Another word, one wouldn't get the discount off msrp for lease vs purchase.

Thanks.
You can lease and buy out the lease after 3 months. Great thing to do for a lot of other brands that don't qualify for the $7,500 tax rebate. HOWEVER, if you're financing through Hyundai and getting the 1-2% apr ($0 down) financing, you don't get that rate if you buy-out the lease. You'll be getting closer to 5-8%. That's almost $10K in additional interest you'd pay over a 72 month loan ($5-7K over 48). That's essentially the "tax credit makeup" you're getting for purchasing the Ioniq 5.
Jun 28, 2023
1,422 Posts
Joined Apr 2004
Jun 28, 2023
WebDeals
Jun 28, 2023
1,422 Posts
Quote from funkmasterta :
Have fun paying $9/gallon to drive 20 miles 🤣

Have fun paying thousands a year to maintain that aging ICE engine 😂

Have fun replacing the transmission when it goes out 💀

Meanwhile, I'll be driving on free electricity from the solar panels on my roof. Solar panels are dropping in price, our new system will pay for itself in only 5 years.

There are 1.446 billion cars. Only rare things are collectable.

I don't care what car you buy. I just know that your logic is financially stupid.
I'm having fun paying $3.20 per gallon per 25 mls not $9
have fun paying premium price for Tesla insurance
have fun enjoying boring Tesla interior
have fun paying $1000 for the color other than white.
have fun waiting to charge 25-30 min at super charging stations. make sure you have extra popcorn in the trunk. for example Trip from NY to Florida extends time to the destination due to often stops at the charging stations. This is very inconvenient.
have fun loosing milage on single charge during winter while heat is used
have fun loosing milage on single charge when AC is used.
have fun loosing milage during winter-freezing temperatures.
have fun overpaying for the electric car to begin with vs paying for the gas vehicle
have fun loosing luxury feeling when you drive Tesla vs gas car
how often do I replace transmission? How about replacing the battery at some point? The battery produces less and less milage every year.
have fun replacing at some point roof panels. That's a very expensive project.
have fun reselling house with the panels. There are number of people do not like solar panels on their roof.
have fun paying off loans with the interest for the panels.
have fun charging only at the stations if you live in the apartment complex

There are people who had electric car and then later switched back to the gas vehicle

Plug in Hybrid is the way to go !

P.S. let's better to worry about people who says to get rid of cows because they fart.
Last edited by WebDeals June 28, 2023 at 11:15 AM.
2
8
Pro
Jun 28, 2023
7,719 Posts
Joined Mar 2005
Jun 28, 2023
flangomango
Pro
Jun 28, 2023
7,719 Posts
Quote from WebDeals :
I'm having fun paying $3.20 per gallon per 25 mls not $9
have fun paying premium price for Tesla insurance
have fun enjoying boring Tesla interior
have fun paying $1000 for the color other than white.
have fun waiting to charge 25-30 min at super charging stations. make sure you have extra popcorn in the trunk. for example Trip from NY to Florida extends time to the destination due to often stops at the charging stations. This is very inconvenient.
have fun loosing milage on single charge during winter while heat is used
have fun loosing milage on single charge when AC is used.
have fun loosing milage during winter-freezing temperatures.
have fun overpaying for the electric car to begin with vs paying for the gas vehicle
have fun loosing luxury feeling when you drive Tesla vs gas car
how often do I replace transmission? How about replacing the battery at some point? The battery produces less and less milage every year.
have fun replacing at some point roof panels. That's a very expensive project.
have fun reselling house with the panels. There are number of people do not like solar panels on their roof.
have fun paying off loans with the interest for the panels.
have fun charging only at the stations if you live in the apartment complex

There are people who had electric car and then later switched back to the gas vehicle

Plug in Hybrid is the way to go !

P.S. let's better to worry about people who says to get rid of cows because they fart.
The future is electric. The countries of the world have already decided. They are much more intelligent than you, but feel free to convince yourself otherwise. There are still people who hate smartphones, you'll be like that 🤣😂

I really don't care what you do. My Tesla stock already made me happy and it's going to $400 💵 💵 💵 💵 💵!!
3
6
Jun 28, 2023
578 Posts
Joined Dec 2015
Jun 28, 2023
f1ydave
Jun 28, 2023
578 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%.
Stellar advice, good thing inflation isnt published at 5% but really 15% when you add back fuel and food.
Jun 28, 2023
1,422 Posts
Joined Apr 2004
Jun 28, 2023
WebDeals
Jun 28, 2023
1,422 Posts
Quote from funkmasterta :
The future is electric. The countries of the world have already decided. They are much more intelligent than you, but feel free to convince yourself otherwise. There are still people who hate smartphones, you'll be like that 🤣😂

I really don't care what you do. My Tesla stock already made me happy and it's going to $400 💵 💵 💵 💵 💵!!
You are exaggerating. You are one of the fools who believe in cow's fart and yes, Tesla will get to even $1000 and higher.
1
Jun 28, 2023
139 Posts
Joined Feb 2007
Jun 28, 2023
HHveluj
Jun 28, 2023
139 Posts
Quote from Urbanjanitor :
You can lease and buy out the lease after 3 months. Great thing to do for a lot of other brands that don't qualify for the $7,500 tax rebate. HOWEVER, if you're financing through Hyundai and getting the 1-2% apr ($0 down) financing, you don't get that rate if you buy-out the lease. You'll be getting closer to 5-8%. That's almost $10K in additional interest you'd pay over a 72 month loan ($5-7K over 48). That's essentially the "tax credit makeup" you're getting for purchasing the Ioniq 5.
But if you buy out lease with cash - that's not applicable right? I've never dealt with leases or lease buyouts. Just stopped by at a dealer and they were willing to discount $4k from MSRP and do the $7500 lease "rebate". Am I missing something or if I buyout lease next month that would be ~$11k discount off MRSRP? Where's the catch?
Jun 29, 2023
39 Posts
Joined Mar 2016
Jun 29, 2023
RustyCorolla
Jun 29, 2023
39 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.
Makes sense. I used to sell BMW's, I was told clear coats were added to all cars from the jump and try to sell it afterward. Apparently it made more sense for them logistically to do it to all cars instead of having someone come and do it for specific occasions. The profits on clear coating is insane. It's super cheap to put on.

Sign up for a Slickdeals account to remove this ad.

Jun 29, 2023
269 Posts
Joined Jul 2019
Jun 29, 2023
PN10
Jun 29, 2023
269 Posts
Quote from HHveluj :
But if you buy out lease with cash - that's not applicable right? I've never dealt with leases or lease buyouts. Just stopped by at a dealer and they were willing to discount $4k from MSRP and do the $7500 lease "rebate". Am I missing something or if I buyout lease next month that would be ~$11k discount off MRSRP? Where's the catch?
excellent questions. I am also a bit confused also..... Perhaps there is some sort of penalty when you buy out the lease in a few months???? Perhaps you would owe all the interests for the full term of the lease?
Jun 29, 2023
38 Posts
Joined Jun 2013
Jun 29, 2023
Urbanjanitor
Jun 29, 2023
38 Posts
Quote from PN10 :
excellent questions. I am also a bit confused also..... Perhaps there is some sort of penalty when you buy out the lease in a few months???? Perhaps you would owe all the interests for the full term of the lease?
So, you're buying off the lease, but the lease is not the full price of the car. You'd have to either pay in cash or finance the remaining value on the car. My understanding is that you'd work with the dealer to buy out the lease (probably paying some fees), then they apply what you've paid to the value of the vehicle and you have to buy out the remaining value of the car. From speaking with some dealers who's vehicles don't qualify for $7,500 to purchase and don't offer low APR financing, they do qualify for $7,500 to lease (like Volvo). The Volvo manager mentioned that you could save a few thousand by leasing and then buying out the lease fwiw.
Jun 29, 2023
2,156 Posts
Joined Jan 2013
Jun 29, 2023
tonkotsu
Jun 29, 2023
2,156 Posts
Quote from robertw477 :
I have no skin in the game however reliability ratings from consumer reports and other have shown that KIA is very good right now and Hyundai is also fine. Both score higher than Tesla by a good margin. They also show Honda and Toyota slipped a bit. Do you drive every car you buy to 150-200k miles. Things may have been different 10-15 yrs ago. But reality is that things have changed in recent years.
Interesting

I still see tons of 10-15+ year old Hondas and toyotas every single day in socal

Virtually no Hyundais or kias over 10 years old

This is in socal too, supposedly a hot market for them
Jun 29, 2023
3,055 Posts
Joined Jan 2012
Jun 29, 2023
bosoxdanc
Jun 29, 2023
3,055 Posts
I saw someone driving one the other day and I think these are absolutely gorgeous cars. They look super high-tech from the outside.
Jun 29, 2023
14 Posts
Joined Aug 2014
Jun 29, 2023
DR3175
Jun 29, 2023
14 Posts
Quote from awong9970 :
I don't qualify for the federal rebate so I purchased last week when the 5k manufacturers rebate was announced. Haggled an additional 3k off on top of that for a 2023 SEL AWD. I'm located in Los Angeles county. I might e been better off going with the lease buyout but this was more straightforward. It also made more sense than the financing offer for me.
Do mind sharing which dealership it was?
Jun 29, 2023
1,232 Posts
Joined Dec 2009
Jun 29, 2023
chefp
Jun 29, 2023
1,232 Posts
Quote from ChiefAlchemist :
Leases are simply car payments that never end. Ever. And once you're a non owner it's difficult to stop leasing cause it's so $$$.

That said, with EVs I wonder if leasing isn't better, at least for now. Replacing batteries in say 5 yrs again gonna be cheap. But after a 3 yr lease the technology will be noticeably improved.
That's a misconception that the batteries need to replaced after a few yeaes. They aren't cell phone batteries. They're large, multi cell batteries with a lot of electrical and thermal protection. The battery packs will easily last 10-20 years.
1
Jun 29, 2023
719 Posts
Joined Jul 2016
Jun 29, 2023
hamsters
Jun 29, 2023
719 Posts
Had a Uber driver pick me up on one of these. Super nice and not that bad of a price if you are comparing to the Tesla equivalent car type. They did skimp on the interior quality on this car. Felt like they tried to make it feel luxurious but it's not.

Sign up for a Slickdeals account to remove this ad.

Jun 29, 2023
3,537 Posts
Joined Dec 2007
Jun 29, 2023
iahawks550
Jun 29, 2023
3,537 Posts
Quote from tonkotsu :
I still see tons of 10-15+ year old Hondas and toyotas every single day in socal

Virtually no Hyundais or kias over 10 years old
You don't see any 2013 or older Hyundais or Kias? I am on the road almost every day on the interstates in the midwest, and I see them all the time. Obviously, not as many as Toyota or Honda, but that probably has more to do with raw sales numbers.

Also, in the Midwest, autos aren't seen as status symbols as much as it is in other areas of the country. Hyundai and Kia didn't have "flashy" cars in the early 2010's.

On a side note, we have a 2010 Elantra with 210,000 miles that we can't kill.

Leave a Comment

Unregistered (You)

Popular Deals

View All

Trending Deals

View All