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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

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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
963 Reputation
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 25, 2024 05:33 AM
149 Posts
Joined Jan 2007
RockyMtnMamaApr 25, 2024 05:33 AM
149 Posts
Quote from goodness97 :
What about taxes and registration fees
IN Colorado you likely will only be charged sales tax on the "down at signing " portion. The rest if the sales tax is charged with the monthly payment, and adjusts in percentage when moving to a new tax area. Colorado dealers do not include registration costs. You are responsible for that yourself.

All of the dealers listed are reputable dealers that I would be willing to work with.
Apr 25, 2024 05:47 AM
3,605 Posts
Joined Aug 2006
RussellJohnsonApr 25, 2024 05:47 AM
3,605 Posts
Quote from oakraiders510 :
Really? What makes them the same between the 2006 and 2024 model years.
Car & Driver 4/10 - https://www.caranddriver.com/toyota/4runner-2024

https://www.caranddriver.com/toyota/tacoma-2023

Have you even been in a "new" Toyota? Their cars are so outdated. The 2024 Tacoma was finally redesigned.
Apr 25, 2024 10:23 AM
1,289 Posts
Joined Feb 2017
sdobermaApr 25, 2024 10:23 AM
1,289 Posts
Any Seattle residents have tried?
Apr 25, 2024 10:48 AM
95 Posts
Joined Sep 2013
JoshW9137Apr 25, 2024 10:48 AM
95 Posts
Quote from MtnXfreeride :
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.
In NH they charge an extra $100 registration fee (annually) for BEV and $50 for PHEV to help offset the lost gas tax revenue. This is on top of the yearly excise tax (they don't call it an excise tax like they did in MA but it is). Cost us ~$850/yr for our 2023 Polestar and ~$330/yr for our 2018 XC90.
Apr 25, 2024 11:06 AM
3,080 Posts
Joined Nov 2005
BrainDocApr 25, 2024 11:06 AM
3,080 Posts
Quote from twoweeled :
Your one model is close. So that says what about the other r aprox 500 models that exist?
Both of my cars (Toyota and Kia) meet or exceed the MPG. I've owned 6 other cars (Hondas, Saturn, Ford), all of which met their reported MPG estimates (no more than 10% of estimates).

I can't speak for every manufacturer and every car, I can only speak for the 8 cars I've owned. Consumer Reports has done tests and found most cars are within 2-10% of the estimates (since 2008 -- before then, conventional engine cars were off by 9% on average and 18% for hybrids): https://www.consumerreports.org/c.../index.htm

You're welcome to reject those data if you have other data that counter what Consumer Reports has found.
Apr 25, 2024 03:57 PM
1,500 Posts
Joined Aug 2007
oakraiders510Apr 25, 2024 03:57 PM
1,500 Posts
Quote from RussellJohnson :
Car & Driver 4/10 - https://www.caranddriver.com/toyota/4runner-2024

https://www.caranddriver.com/toyota/tacoma-2023

Have you even been in a "new" Toyota? Their cars are so outdated. The 2024 Tacoma was finally redesigned.
I dont know whats outdated about new Toyotas. YOU HAVENT stated one thing.

Someone always has to complain about things, but will a Toyota die at 40k or get stolen and left like garbage Hyundai and Kia?



LOL

shake headshake head
1
Apr 25, 2024 04:11 PM
4,397 Posts
Joined Apr 2012
twoweeledApr 25, 2024 04:11 PM
4,397 Posts
Quote from BrainDoc :
Both of my cars (Toyota and Kia) meet or exceed the MPG. I've owned 6 other cars (Hondas, Saturn, Ford), all of which met their reported MPG estimates (no more than 10% of estimates).

I can't speak for every manufacturer and every car, I can only speak for the 8 cars I've owned. Consumer Reports has done tests and found most cars are within 2-10% of the estimates (since 2008 -- before then, conventional engine cars were off by 9% on average and 18% for hybrids): https://www.consumerreports.org/c.../index.htm

You're welcome to reject those data if you have other data that counter what Consumer Reports has found.
I think you've had a better experience than most. By a longshot. I've had many cars and have never received the estimates "when driving normally." My present car gets very good MPG at 60 mph on cruise when on flat land. Surprisingly good. But city falls into the same slot all my other cars have. My other cars and trucks, were not in the ball park, when driven normally (not trying to optimize mpg). Even motorcycles (I've had a BUNCH!) have been even worse in my experience. Admittingly, I never expected the mpg estimates, but actual EV mpg was lower than I expected. Apparently higher speeds have a big affect on mileage. Your stats on pre 2008 estimates compared to post 2008 could very well explain things in my world. Won't argue with that possibility. nod Sounds like my experience.

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Apr 25, 2024 04:25 PM
2 Posts
Joined Jun 2021
UniqueStag1474Apr 25, 2024 04:25 PM
2 Posts
Quote from jadr313 :
Around me the offers end up netting out at about $330-350 a month depending on model. Not bad but not great. Add in some weird Hyundai specific dielectric coolant that needs to be changed at 36 months right at lease end on a 36 month lease for $1000 and hard pass.
Easy fix - do a 24 month lease? They have a 72% residual for 24 months, and with the 10k dealer cash it brings the residual to something like 1k less than the total price

Leased an SEL in Southern CA for ~11k total, no Colorado credit available unfortunately. This was ~5k OTD and 259/mo with all taxes and fees. Could have probably found a better deal if I kept looking, I have heard of some dealerships in CA offering ~7-8k with a one-pay option, but did not have the time to shop around unfortunately. Originally was looking for the Kona, as they are even cheaper, but there were none available in my area or within ~100 miles. OTOH, my local dealership had 10+ Ioniq 5's on the lot.

Did not come with an EVSE or any home charger/outlet installation incentives either. But the car is very nice for that price.
Apr 25, 2024 05:03 PM
3,569 Posts
Joined May 2006
soobaerodudeApr 25, 2024 05:03 PM
3,569 Posts
Quote from UniqueStag1474 :
I have heard of some dealerships in CA offering ~7-8k with a one-pay option, but did not have the time to shop around unfortunately.
NorCal dealers are in $7700-$8000 range if you can find a reasonable one. If you negotiate hard, $6700-$7000. If you get lucky and find a unicorn $6k
Apr 25, 2024 06:32 PM
1,712 Posts
Joined Feb 2007
superdan54Apr 25, 2024 06:32 PM
1,712 Posts
Hyundai's USA website also has this lease offer. Doesn't seem to be limited to Colorado.

https://www.hyundaiusa.com/us/en/...Type=Lease
Apr 26, 2024 01:10 AM
3,569 Posts
Joined May 2006
soobaerodudeApr 26, 2024 01:10 AM
3,569 Posts
Quote from superdan54 :
Hyundai's USA website also has this lease offer. Doesn't seem to be limited to Colorado.

https://www.hyundaiusa.com/us/en/...Type=Lease
The national offers do not include taxes and fees. The Colorado offers in the OP are taxes and fees inclusive
Apr 26, 2024 02:06 AM
15,360 Posts
Joined Sep 2009
KnightshadeApr 26, 2024 02:06 AM
15,360 Posts
Quote from oakraiders510 :
I dont know whats outdated about new Toyotas. YOU HAVENT stated one thing.
Except for one garbage model they still run on gasoline- that's quite outdated.


Quote from oakraiders510 :
I d
Someone always has to complain about things, but will a Toyota die at 40k
How bout 5k miles and they refuse to fix it under warranty?

https://www.gr86.org/threads/2022...anty.5564/
1
Apr 26, 2024 04:25 AM
16 Posts
Joined Feb 2014
MakemecoffeeApr 26, 2024 04:25 AM
16 Posts
Quote from novum_bonum :
All this chatter and I have not seen a single person post a quote or paperwork where they replicated this deal. Kudos to those who actually did this but for the rest of us, it's just a haggling exercise with the salespeople at the dealership.

Can someone in CO please post photo of quote or breakdown on final out the door cost that came from the dealership? I'm looking for a document that I have give to the dealership and ask them to replicate it.
Try Hyundai of Greeley
Apr 26, 2024 05:51 AM
10,616 Posts
Joined Nov 2006
CTRFK8Apr 26, 2024 05:51 AM
10,616 Posts
Quote from g8trb8 :
No the total of the actual "lease payments" excluding taxes and fees was $4388.16. Adding all taxes and fees brought it to $6006.62 which I chose to just pay off all at once so I have no monthly payments now.

Taxes went up about $1k per year compared to a CR-V.
which dealer,
how you get less than 199.99 a month?
Do they charge a Dealer handling fee on a lease deal. I know they do on a purchase
1

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Apr 26, 2024 06:11 AM
10,616 Posts
Joined Nov 2006
CTRFK8Apr 26, 2024 06:11 AM
10,616 Posts
Quote from MtnXfreeride :
My insurance dropped 120 a year by leasing a solterra coming from a subaru wrx.
did you get auto lane change and 450lb tq?
1

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