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expiredg8trb8 posted Apr 21, 2024 05:03 AM
expiredg8trb8 posted Apr 21, 2024 05:03 AM

Select Colorado Hyundai Dealerships: 24-Mo Lease on 2024 IONIQ SEL AWD Electric SUV

& More

$225 down + $225 per month

Hyundai
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Deal Details
Note: We are only able to verify this deal for select Colorado Hyundai Dealerships (includes state-specific credits), but we are promoting this deal on the Frontpage due to positive community feedback; check your local dealership for lease specials available in your area.

Select Colorado Hyundai Dealerships are offering a 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV as listed below. This offer is limited to select locations/dealerships only.

Thanks to Community Members g8trb8 & golemchamp for posting this deal.

Example deals:
  • Schomp Hyundai (Aurora, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • McDonald Hyundai (Englewood, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Phil Long Hyundai (Colorado Springs, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Arapahoe Hyundai (Centennial, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV $0 down + $199 per month
      • Note: Arapahoe terms say "select models" and do not specify if this applies to RWD or AWD model

Editor's Notes

Written by StrawMan86 | Staff
  • Terms (terms will vary by dealer/region):
    • Schomp Hyundai (Aurora, Colorado), McDonald Hyundai (Englewood, Colorado), and Phil Long Hyundai (Colorado Springs, Colorado):
      • Includes $10,000 EV Lease Bonus and $5,350 Colorado Tax Credit.
      • Lease a 2024 Hyundai IONIQ SEL AWD for $225 per month. $225 due at lease signing for 24 months. Lease offer based on MSRP of $52,480 for 2024 IONIQ 5 SEL AWD (model #50442AEZ) with freight. Excludes registration, tax, title and license.
      • Closed end lease for 2024 IONIQ 5 SEL AWD offered through Hyundai Motor Finance (HMF) and subject to credit approval. Well-qualified lessees only. Lease offer includes application of $10,000 EV Lease Bonus and $5,350 Colorado Innovative Motor Vehicle Tax Credit resulting in a net capitalized cost of $37,759 and not available for cash. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment.
      • Available on new 2024 IONIQ 5 SEL AWD vehicles in dealer stock only. At lease end, lessee responsible for excess wear and mileage at $.20/mile over 30,000 miles. Low mileage lease. Lesser has option to purchase at lease-and price negotiated at signing. Colorado residents who are eligible for Colorado's Innovative Motor Vehicle Tax Credit may assign their $5,000 state tax credit to HMF in exchange for a credit of $5,350 ($5,600 state tax credit less a $250 processing fee) when leasing a new 2024 IONIQ5 SEL AWD from retail stock at a participating Colorado dealer.
      • Vehicle must be titled and registered in Colorado.
      • Lease term must be at least 24 months. By assigning the state tax credit, customer forfeits their right to claim the credit on their income tax return. Tax credits are not within Hyundai's control and are subject to change and/or expire without notice.
      • Not all buyers will qualify. Higher finance rates apply for qualified buyers with lower credit ratings. Tax, title, and license extra. These offers may not be combined with other offers unless specified.
      • Must take delivery from new dealer stock and execute lease or purchase contract by 4/30/2024, See participating Colorado Hyundai dealer for details and vehicle inventory availability. Offer ends 4/30/2024.
    • Arapahoe Hyundai (Centennial, Colorado)
      • Lease select 2024 IONIQ 5 models for $199 per month for 24 months with $0 due at lease signing.
      • Example Stock #AHC240576.
      • Excludes registration, tax, title and license. Closed-end leases available from 3/19/2024 to 4/30/2024, to well-qualified lessees approved by Hyundai Motor Finance.
      • Lessee must qualify for total rebates of $15,350 to qualify for offer. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
      • No security deposit required. MSRP example of $52,660 includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like. Actual net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $4,776.
      • Option to purchase at lease end for pre-negotiated amount.
      • Lessee is responsible for third-party fees. Third-party fees vary by state or locality. Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 12,000 miles/year, excess wear, and a $400 disposition fee is subject to state law limitations. The amount of 2 times the base monthly lease payment or $400, whichever is less. Must take new retail delivery on vehicle from dealer stock by 4/30/2024.
      • See your local Hyundai dealer for details.
      • Total Savings Offer: Some restrictions apply. Not all buyers qualify. Must qualify for all incentives and rebates. HMF Bonus Cash available on all 2024 Hyundai IONIQ 5 vehicles purchased from dealer stock between between 3/1/2024 and 4/30/2024. Customers who participate in a Special Lease or Low APR program through Hyundai Motor Finance (HMF) do not qualify for Retail Bonus Cash. See participating dealer for details. Retail Bonus Cash offer ends 4/30/2024. Hyundai Motor America reserves the sole right to cancel, amend or revoke any incentive program in full or in part for any reason at any time without incurring liability. Hyundai Motor America reserves the sole right to interpret these rules and shall not be bound by any previous interpretations made by Hyundai Motor America before or during the program.
      • Must take delivery from new retail stock by 4/30/2024.
      • Please see your Hyundai dealer Retailer for full offer details.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • Refer to the original post & forum comments for additional details & discussion.

Original Post

Written by g8trb8
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Note: We are only able to verify this deal for select Colorado Hyundai Dealerships (includes state-specific credits), but we are promoting this deal on the Frontpage due to positive community feedback; check your local dealership for lease specials available in your area.

Select Colorado Hyundai Dealerships are offering a 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV as listed below. This offer is limited to select locations/dealerships only.

Thanks to Community Members g8trb8 & golemchamp for posting this deal.

Example deals:
  • Schomp Hyundai (Aurora, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • McDonald Hyundai (Englewood, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Phil Long Hyundai (Colorado Springs, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Arapahoe Hyundai (Centennial, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV $0 down + $199 per month
      • Note: Arapahoe terms say "select models" and do not specify if this applies to RWD or AWD model

Editor's Notes

Written by StrawMan86 | Staff
  • Terms (terms will vary by dealer/region):
    • Schomp Hyundai (Aurora, Colorado), McDonald Hyundai (Englewood, Colorado), and Phil Long Hyundai (Colorado Springs, Colorado):
      • Includes $10,000 EV Lease Bonus and $5,350 Colorado Tax Credit.
      • Lease a 2024 Hyundai IONIQ SEL AWD for $225 per month. $225 due at lease signing for 24 months. Lease offer based on MSRP of $52,480 for 2024 IONIQ 5 SEL AWD (model #50442AEZ) with freight. Excludes registration, tax, title and license.
      • Closed end lease for 2024 IONIQ 5 SEL AWD offered through Hyundai Motor Finance (HMF) and subject to credit approval. Well-qualified lessees only. Lease offer includes application of $10,000 EV Lease Bonus and $5,350 Colorado Innovative Motor Vehicle Tax Credit resulting in a net capitalized cost of $37,759 and not available for cash. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment.
      • Available on new 2024 IONIQ 5 SEL AWD vehicles in dealer stock only. At lease end, lessee responsible for excess wear and mileage at $.20/mile over 30,000 miles. Low mileage lease. Lesser has option to purchase at lease-and price negotiated at signing. Colorado residents who are eligible for Colorado's Innovative Motor Vehicle Tax Credit may assign their $5,000 state tax credit to HMF in exchange for a credit of $5,350 ($5,600 state tax credit less a $250 processing fee) when leasing a new 2024 IONIQ5 SEL AWD from retail stock at a participating Colorado dealer.
      • Vehicle must be titled and registered in Colorado.
      • Lease term must be at least 24 months. By assigning the state tax credit, customer forfeits their right to claim the credit on their income tax return. Tax credits are not within Hyundai's control and are subject to change and/or expire without notice.
      • Not all buyers will qualify. Higher finance rates apply for qualified buyers with lower credit ratings. Tax, title, and license extra. These offers may not be combined with other offers unless specified.
      • Must take delivery from new dealer stock and execute lease or purchase contract by 4/30/2024, See participating Colorado Hyundai dealer for details and vehicle inventory availability. Offer ends 4/30/2024.
    • Arapahoe Hyundai (Centennial, Colorado)
      • Lease select 2024 IONIQ 5 models for $199 per month for 24 months with $0 due at lease signing.
      • Example Stock #AHC240576.
      • Excludes registration, tax, title and license. Closed-end leases available from 3/19/2024 to 4/30/2024, to well-qualified lessees approved by Hyundai Motor Finance.
      • Lessee must qualify for total rebates of $15,350 to qualify for offer. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
      • No security deposit required. MSRP example of $52,660 includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like. Actual net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $4,776.
      • Option to purchase at lease end for pre-negotiated amount.
      • Lessee is responsible for third-party fees. Third-party fees vary by state or locality. Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 12,000 miles/year, excess wear, and a $400 disposition fee is subject to state law limitations. The amount of 2 times the base monthly lease payment or $400, whichever is less. Must take new retail delivery on vehicle from dealer stock by 4/30/2024.
      • See your local Hyundai dealer for details.
      • Total Savings Offer: Some restrictions apply. Not all buyers qualify. Must qualify for all incentives and rebates. HMF Bonus Cash available on all 2024 Hyundai IONIQ 5 vehicles purchased from dealer stock between between 3/1/2024 and 4/30/2024. Customers who participate in a Special Lease or Low APR program through Hyundai Motor Finance (HMF) do not qualify for Retail Bonus Cash. See participating dealer for details. Retail Bonus Cash offer ends 4/30/2024. Hyundai Motor America reserves the sole right to cancel, amend or revoke any incentive program in full or in part for any reason at any time without incurring liability. Hyundai Motor America reserves the sole right to interpret these rules and shall not be bound by any previous interpretations made by Hyundai Motor America before or during the program.
      • Must take delivery from new retail stock by 4/30/2024.
      • Please see your Hyundai dealer Retailer for full offer details.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • Refer to the original post & forum comments for additional details & discussion.

Original Post

Written by g8trb8

Community Voting

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Top Comments

bugnuts
334 Posts
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Located in WI, and it was $3,499 due at signing
Gameross
6189 Posts
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Google AI says: "Yes, lenders can consider immigration status when underwriting loans, and visa holders may be considered more risky than citizens. This is because immigration status can correlate with national origin, which is protected under the Equal Credit Opportunity Act (ECOA). Lenders can consider immigration status to assess their rights or remedies to recover funds, or if otherwise required to comply with other laws. For example, if a visa expires and the borrower must leave the country, the lender would be unable to recover the balance due on a loan."
g8trb8
199 Posts
298 Reputation
I chose to do a 1 pay lease and just pay everything at signing. I also had offers for roughly the same total price with $0 down $254 per month, $1k down $207 per month, and $2k down $161 per month. Admittedly those are slightly better than the $6k upfront but they didn't come with the extra $2k in options which I chose to use on lease end protection and tire/wheel protection

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Apr 21, 2024 02:39 PM
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Red_partyhatApr 21, 2024 02:39 PM
477 Posts
Can somebody dumb this down for me, what is the total cost? Surely it can't just be the $229 for 2 years? I can't even get a used 10 year old car for 6k
2
Original Poster
Apr 21, 2024 02:39 PM
199 Posts
Joined May 2017
g8trb8
Original Poster
Apr 21, 2024 02:39 PM
199 Posts
Quote from FantasticHeart6731 :
Never leased before but curious what other SDers would do at the end of 2 yrs? Let's say I trade in my car with an outstanding loan and get lucky and walk away with 6k that covers this lease for 2 years. When it's time to return or buy, I'm left without a vehicle and have to do new lease or buy new subject to prices at that time. Is leasing slick or not?
This is my first lease as well. I ran the numbers and even with the ridiculous insurance and registration costs, the 2 year cost to own this vs my 2017 CR-V was basically the same. I'm selling the CR-V for ~$17k, using that to pay off the $6k lease, investing the rest at 5% for 2 years then I'll evaluate what to do based on the market on 2 years. Worst case I buy another 2017 CR-V for probably about $10k by then.
1
Apr 21, 2024 02:40 PM
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LivelyStraw9917Apr 21, 2024 02:40 PM
382 Posts

Our community has rated this post as helpful. If you agree, why not thank LivelyStraw9917

leasing works better if you can do it with a business write off on your taxes.

a personal use lease is not a slickdeal way of paying for a car.

at the end, you have to pay residual fee, they check if you are within the allotted miles/yr you agreed to, and every dent, nick, scratch, curbed wheels will be charged to you, for reconditioning the vehicle for resale.

their goal, when you turn in, will be to turn you around, and re-lease, or re-buy another dealer sale.

i tend to drive my vehicles into the ground, so i never lease.

we currently have 4 EVs, and they are all 12+ years old.

saved so much money, time, hassles, never going back to ICE. never.

good luck
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Apr 21, 2024 02:41 PM
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DRSONGEApr 21, 2024 02:41 PM
60 Posts
if I'm doing delivery/Uber/Dasher stuff, drive 40,000 miles per year, with free charging? hell yeah
1
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Apr 21, 2024 02:45 PM
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Apr 21, 2024 02:45 PM
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GalacticBossanovaApr 21, 2024 02:45 PM
239 Posts
Quote from Red_partyhat :
Can somebody dumb this down for me, what is the total cost? Surely it can't just be the $229 for 2 years? I can't even get a used 10 year old car for 6k
A lease is like a rental, in which you pay monthly for a car for a set period of time. At the end of that time, you can turn the car back in or (usually) choose to buy it.

This deal is $225 per month for two years, if you can get a dealer to agree to that. If you multiply that monthly cost (+ tax) times the 2 year period, that's your total cost.
1
Apr 21, 2024 02:46 PM
386 Posts
Joined Mar 2019
ChristopherJ26Apr 21, 2024 02:46 PM
386 Posts
Quote from Slimeyface :
I'm seeing $3499 down and then $225/mo.

$6k all-in is insane!!
thats 9000 all in. or else payments would be 395 with 0 d0wn (not much of a deal) i never put money down on a lease unless its a grand our two with a real bargain payment.

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Apr 21, 2024 02:48 PM
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revieweronlineApr 21, 2024 02:48 PM
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Show us the itemized bill, so I can just use it as my cheat sheet, your explanation was confusing.
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Apr 21, 2024 02:49 PM
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BUYMECARApr 21, 2024 02:49 PM
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I own this trim MY 2022. Even though I qualified for the full EV tax credit at the time and paid it off a few months ago, I regret not waiting and leasing a RWD.

Even though owning this particular EV has been a great experience for me, I can't in good conscience recommend anyone who is not already a seasoned EV owner to do anything other than lease an EV.

The values of EVs have been so unstable in very short spans of time. The tax incentives have been so unstable and change with little to no grace periods. Service center offerings can be so unstable depending on where you live; there are stories of owners having to travel a couple hours to get issues addressed by an authorized Hyundai EV tech because their nearby dealerships are falsely advertising that they are EV certified.

And don't get me started on the charging networks. I'll just mention that there are states who have been caught misallocating federal funding that was supposed to go to installing thousands of public charging stations and the necessary infrastructure to support them but they haven't gotten as little as a slap on the hand.

There are a lot of reasons right now to hate on EV adoption but as someone who owns one and thoroughly enjoys it, I think the hate is for most of the wrong reasons. If you can get a good deal to lease this EV and have done the research on charging options near you, you should definitely give it a shot.
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Apr 21, 2024 02:49 PM
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Apr 21, 2024 02:49 PM
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PurplePolice771Apr 21, 2024 02:49 PM
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Bay Area checking in. A friend of mine recently got the 2 year lease for $8400 at San Bruno. He couldn't do any better after approaching a bunch of dealers in the Bay area. A friend of his did the same. Again around $8500. They weren't budging. So perhaps this is more regional specific according to demand
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Apr 21, 2024 02:51 PM
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Apr 21, 2024 02:52 PM
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LilylyApr 21, 2024 02:52 PM
15,544 Posts
Quote from Red_partyhat :
Can somebody dumb this down for me, what is the total cost? Surely it can't just be the $229 for 2 years? I can't even get a used 10 year old car for 6k
no. nobody else could duplicate this $229 for 2 years. only OP.


you were comparing renting a home vs owning it.


you paid $6k and you got a used car. you owned it. if you dont like or need it, you can always resell it for at least a few thousands.


in this leasing scenerio, you dont own anything. after 2 years, whatever you paid are all gone. walk off with nothing in your pocket.


back to the home owning story. you cant really compare paying rental for a brand new house for $1000 a month for 2 years vs getting a 50 year old house for $24k.
3
Apr 21, 2024 02:52 PM
382 Posts
Joined Nov 2018
LivelyStraw9917Apr 21, 2024 02:52 PM
382 Posts
ICCU takes 5 months to arrive from Korea

https://www.reddit.com/r/Ioniq5/c...e/jop76ex/
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Apr 21, 2024 02:53 PM
655 Posts
Joined May 2015
ObviousDealsApr 21, 2024 02:53 PM
655 Posts
Quote from bdotcom :
That's correct. Texas requires you to pay sales tax on the full price of the car and not just the lease payment.
What other states has this stupid restriction?

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