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

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

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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

Deal Score
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Top Comments

bugnuts
340 Posts
50 Reputation
Located in WI, and it was $3,499 due at signing Frown
Gameross
6282 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
208 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

813 Comments

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Apr 24, 2024 04:50 AM
1,496 Posts
Joined Sep 2011
SoukaApr 24, 2024 04:50 AM
1,496 Posts
I'd be down for a 2yr lease... I got free charging at work
1
Apr 24, 2024 09:14 AM
661 Posts
Joined May 2007
Mark2276Apr 24, 2024 09:14 AM
661 Posts
Quote from LoveRock :
Driving on state/federal funded roads is a privilege, not a "right". Typically those funds come from a tax on fuel. So.....
This is what all the EV crowd are missing. Your eventually going to get taxed to make up for the loss on the gasoline tax. Which means the so called savings over an ICE is poof.
Apr 24, 2024 01:36 PM
1,964 Posts
Joined Oct 2014
MtnXfreerideApr 24, 2024 01:36 PM
1,964 Posts
Quote from JoshW9137 :
Was about to say the same thing. Their opinion on the Hyundai lost all credit with me when they chose literally the worst EV on the market.
Fiskar takes the cake for the worst EV. The Solterra got blasted because its too expensive for the range and charge speed... otherwise it is a great car. Now they are discounting heavily in a lease so if you dont care about range or DC charge speed.. its a great car for a great price. I drove both within 3 days of each other... the Subaru Solterra was a much more comfortable, larger, better tech equipped car. My wife just bought a 2024 Subaru Ascent the week before and is already asking to take the Solterra to work and errands now.
Apr 24, 2024 01:42 PM
1,964 Posts
Joined Oct 2014
MtnXfreerideApr 24, 2024 01:42 PM
1,964 Posts
Quote from Mark2276 :
This is what all the EV crowd are missing. Your eventually going to get taxed to make up for the loss on the gasoline tax. Which means the so called savings over an ICE is poof.
It's a total of 50 cents a gallon in my state between fed and state taxes. What do you do about plug in hybrids getting 60mpg? Seems like the gas tax should go and switch mileage based for everyone. Itll still be a savings for EV... If you take out the tax on gas my Solterra is still averaging the equivilent of 49mpg when gas is $3.10 (tax removed). Thats good for an all wheel drive SUV. If they did that, it seems like they would need to take away some of the power company taxes since they would be double taxing.
Apr 24, 2024 01:47 PM
6,374 Posts
Joined Nov 2012
R3DTR1XApr 24, 2024 01:47 PM
6,374 Posts
Major changes to 2025 model coming. New redesign.
Apr 24, 2024 03:17 PM
1,500 Posts
Joined Aug 2007
oakraiders510Apr 24, 2024 03:17 PM
1,500 Posts
Quote from RussellJohnson :
Yep, I'm poor. What now?
Then you stick with a chit brand like Hyundai and Kia. Go buy a used Toyota if you're smart
1
2
Apr 24, 2024 03:58 PM
1 Posts
Joined Apr 2024
CyanCreator562Apr 24, 2024 03:58 PM
1 Posts
Quote from g8trb8 :
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
Where was this offer provided?? City and state??

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Original Poster
Apr 24, 2024 04:24 PM
208 Posts
Joined May 2017
g8trb8
Original Poster
Apr 24, 2024 04:24 PM
208 Posts
Quote from CyanCreator562 :
Where was this offer provided?? City and state??
Denver, CO
Apr 24, 2024 04:29 PM
1 Posts
Joined Jul 2016
bmblackApr 24, 2024 04:29 PM
1 Posts
Quote from g8trb8 :
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
My understanding of leases (and I'm definitely not an expert) is that if you total the car, the insurance covers the buyout plus whatever you still owe on the lease and basically writes a check to the dealer and ends your lease… if you want the same car, you have to sign a brand new lease. So, in that situation, you basically lose your entire downpayment you put on the totaled car. I like the idea of paying up front and having little to no monthly payment, but isn't that a lot of risk (especially early in the lease)? For that reason, I've always put zero down and taken the higher monthly payments.
Apr 24, 2024 05:27 PM
68 Posts
Joined Jun 2019
ahmeds1937Apr 24, 2024 05:27 PM
68 Posts
Any news about similar offers in other states like MA, MD, NY. I saw the 239 for IONIQ 6 but only for RWD which is non existent!!
Original Poster
Apr 24, 2024 05:41 PM
208 Posts
Joined May 2017
g8trb8
Original Poster
Apr 24, 2024 05:41 PM
208 Posts
Quote from bmblack :
My understanding of leases (and I'm definitely not an expert) is that if you total the car, the insurance covers the buyout plus whatever you still owe on the lease and basically writes a check to the dealer and ends your lease… if you want the same car, you have to sign a brand new lease. So, in that situation, you basically lose your entire downpayment you put on the totaled car. I like the idea of paying up front and having little to no monthly payment, but isn't that a lot of risk (especially early in the lease)? For that reason, I've always put zero down and taken the higher monthly payments.
I've seen a few people say this so I got curious and dug into the terms. It turns out (for my lease at least, no idea if this is common practice or not), as long as the car is worth more than the "adjusted lease balance" (which is always less than the residual - i.e. what they expect the car to be worth at the end of the lease), they will pro-rate the credit to you based on how much of your lease has elapsed.

For example, my adjusted lease balance right now is about $35k. MSRP of the car was $54k so let's assume it's worth $45k now and I total it today. Insurance pays them $45k which is $10k over the adjusted lease balance so I am entitled to a credit. They calculate what I'm owed based on the number of full months left in the lease (so 23). I would get my initial payment (excluding tax) times 23/24 so $4388 x 23/24= $4205 minus the $400 turn in fee and I get a check for $3805.

So not ideal but I think it ends up being basically the same as the monthly payment option. I think what really saves me here is the huge tax credit that pretty much ensures the car will be worth enough that I get the full credit. If I had paid $20k for the lease and the car was only worth $10k more than the adjusted lease balance, I'd be stuck with $10k.
Apr 24, 2024 05:55 PM
15,908 Posts
Joined Jul 2011
desi_babu_2010Apr 24, 2024 05:55 PM
15,908 Posts
Quote from bmblack :
My understanding of leases (and I'm definitely not an expert) is that if you total the car, the insurance covers the buyout plus whatever you still owe on the lease and basically writes a check to the dealer and ends your lease… if you want the same car, you have to sign a brand new lease. So, in that situation, you basically lose your entire downpayment you put on the totaled car. I like the idea of paying up front and having little to no monthly payment, but isn't that a lot of risk (especially early in the lease)? For that reason, I've always put zero down and taken the higher monthly payments.
Likewise no expert here either. But when you do that and you compared what your total cost would be with one pay. Versus paying month to month how much of a difference is it?
Apr 24, 2024 06:35 PM
37 Posts
Joined Aug 2017
jcwins28Apr 24, 2024 06:35 PM
37 Posts
Quote from shorshie :
This is ridiculous. Electric is the future, there's no question about it, it's just a matter of when it catches on and when the cars and trucks conform with what consumers want
Agreed electric will get better and now hydrogen cars will be coming.
Apr 24, 2024 06:39 PM
16,408 Posts
Joined Nov 2006
psycttoApr 24, 2024 06:39 PM
16,408 Posts
Quote from atom311 :
They don't have current EVs.. they are starting now. You did check their website, or just roll with the SD flow? Japan follows hybrids.

*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.
You mean you don't think the Honda Blazer EV is a winner!?!? 😂

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Apr 24, 2024 06:43 PM
16,408 Posts
Joined Nov 2006
psycttoApr 24, 2024 06:43 PM
16,408 Posts
Quote from oakraiders510 :
Then you stick with a chit brand like Hyundai and Kia. Go buy a used Toyota if you're smart
Dude…
Your obsession with Toyota and Toyota alone is unsettling.

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