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Edited April 21, 2024
at 08:01 AM
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Hyundai is offering Ioniq 5 SEL AWD 2 year lease for $225 per month and $225 down in Colorado. States without additional EV tax credit will likely be a little higher but you can probably talk them down even more. I got them down to $6k total price for a 2 year lease including all taxes and fees as well as an additional $2k of no charge options/accessories or protection/warranty plans. I also had a quote for a RWD for $4300 all-in.
They really seem to be desperate to get rid of them. I got to the point in negotiating that they literally couldn't lower the price of the car anymore because it made the residual higher than what I would owe on the car which meant Hyundai would've had to pay me to lease the car, which is how I ended up with the extra $2k in options. It also includes 2 free years of charging on the Electrify America network.
The Hyundai website says the offer ends April 30, but I'm guessing they will extend it.
Edit to add copy of final paperwork numbers. Deal was at Schomp Hyundai in Denver but had similar offers from Phil Long Hyundai Chapel Hills in Colorado Springs and McDonald Hyundai in Denver.
https://www.hyundaiusa.com/us/en/...Type=Lease
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Just posting in case it helps anyone and/or saves someone some time/effort.
Lease Pricing [ibb.co]
https://ibb.co/f012ncj
Just posting in case it helps anyone and/or saves someone some time/effort.
Lease Pricing [ibb.co]
https://ibb.co/f012ncj
That is still a very good price. I wish I had waited for these deals instead of $389 offer I signed 3 weeks ago. I really feel I made a big mistake.
*If you took this deal.. that's cool. Let us know how it goes. Leasing a car is like renting a house, but worse. You never own anything, and pay the full premium. Let us know how your much your insurance is for full coverage as well.
Just to clarify- by "they are starting now" what they're mostly doing is just slapping a Honda badge on a Chevy Blazer EV--- the frame rails, the floor, the front and rear suspension subframes, pedal box, steering column mounting, the base of the windshield, and firewall are shared with the Blazer EV- as is the entire powertrain, the steering wheel and stalks, climate settings/controls, door handles and locks, window swiches, infotainment display...even the car OS is running a reskinned version of GMs Android Auto implementation. Even the door open chime is GMs.
Honda changed the exterior body panel styling a bit and played with the tuning of GMs steering and springs, but that's about all the "honda" this has to offer.
(the Acura ZDX is the same thing BTW, though they might've borrowed a few bits from the Lyriq parts bin too to seem more upscale since it's based on the same platform as well)
Japan in general is just hilariously behind on BEV development compared to....just about everyone else that makes cars....especially sad given how Nissan was initially a leader in this space
https://forum.leasehack
March 30, 2024 - I paid $4323 out the door for a 2 year 24K mile lease on a 2024 ioniq 5 sel, free 30 mins a day charging thru electrify America for the duration of the lease. I believe the extra incentives to get below the $5K number ended end with March.
Talk with Schomp Hyundai in Aurora, CO - they were straight up on leading with the best lease deals they have.
Pic from docs
https://tinypic.host/image/IMG-3009.Djgkhw
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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
If at the end of the lease they telling you the battery need replace, you will likely end up with a battle there.
Lucky for the ones with full insurance coverage, the guy without that end up cost almost the new car to replace that dam battery.
https://www.motortrend.
Some folks also have solar at home, but that's a minority.
Apart from that, according to the Energy Information Administration the average American has about 2 hours per year of power outages.
Even in major storms outages of more than a day are very very rare for most in the area.
1 week is like a once-in-a-generation-or-more natural disaster.
And generally you'd be leaving the area either before it, or immediately after- and have fully charged before it hit. Leaving you plenty of range to get out of the outage radius.
It's a complete and utter non-issue.
If that is, as you claim, the only thing holding you back from an EV it's no reason at all.
And you could potentially drive somewhere to get a recharge and bring the juice back home..
If at the end of the lease they telling you the battery need replace, you will likely end up with a battle there.
Lucky for the ones with full insurance coverage, the guy without that end up cost almost the new car to replace that dam battery.
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I was able to get pretty close. $0 down and ~$270 month which seems about right after taxes, title and fees.