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

$225 down + $225 per month
& More
+199 Deal Score
471,899 Views
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
Good Deal?

Original Post

Written by
Edited April 21, 2024 at 08:01 AM by
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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Deal
Score
+199
471,899 Views
$225 down + $225 per month

Community Wiki

Last Edited by infin8007 April 25, 2024 at 04:40 AM
THanks op

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Featured Comments

Located in WI, and it was $3,499 due at signing Frown
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."
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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merschel
04-27-2024 at 04:29 PM.
04-27-2024 at 04:29 PM.
Quote from hajalie24 :
Wtf i was just there (schomp, first dealer listed) and they gave me terrible prices.

From what i understand all their evs come with 30 minute free electrify america charging a day
I'm having the same problem with Foundation and Planet Hyundai. I'm up in North Denver. They keep quoting me ~$320 per month and claiming "taxes and fees". I tell them to send me the numbers because that's a lot of "taxes and fees" and they either waffle or just make stuff up.

I may just give up on this. Is it just dependent on getting the right sales person?
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whlee
04-27-2024 at 04:40 PM.
04-27-2024 at 04:40 PM.
try foundations
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whlee
04-27-2024 at 05:44 PM.
04-27-2024 at 05:44 PM.
Quote from ono :
CO resident? Seems a requirement, if not I would love to know.
yes.
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barnis
04-27-2024 at 06:05 PM.
04-27-2024 at 06:05 PM.
Just drove home with a new ioniq 5 SEL for $5480 one payment all in. Feels like a VERY slick deal to me! Thanks all who commented and helped here. For those in Colorado DM me if you have questions. I literally contacted 6 dealers and offers were varied by A LOT.
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barnis
04-27-2024 at 06:05 PM.
04-27-2024 at 06:05 PM.
Quote from merschel :
I'm having the same problem with Foundation and Planet Hyundai. I'm up in North Denver. They keep quoting me ~$320 per month and claiming "taxes and fees". I tell them to send me the numbers because that's a lot of "taxes and fees" and they either waffle or just make stuff up.

I may just give up on this. Is it just dependent on getting the right sales person?

Tell them you are willing to go one payment.
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ElatedLlama8520
04-27-2024 at 06:37 PM.
04-27-2024 at 06:37 PM.
Dealer in bay area is telling me 10k all in for a 24/10k lease. Told them people are getting close to 6k and they told me that's great, go buy there. Lol
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Spanxc
04-27-2024 at 06:41 PM.
04-27-2024 at 06:41 PM.
Also wasted a lot of time with Schomp Hyundai today. Definitely disappointing.
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komondor
04-27-2024 at 07:22 PM.
04-27-2024 at 07:22 PM.
Colorado has a great tax credit program and with the new lease option it just brings down the price of the car quite a bit.

But for an EV you really need a place to charge that can do a level 2 charge, at home.
If you have Xcel Energy you can get some money back.

Reduce the Costs of Purchasing and Installing a Charger
Charging your electric vehicle (EV) with a Level 2 charger is a fast, convenient home charging option. Our rebate can help reduce the costs of updating your home's wiring so you can charge at home. Our rebate can also offset the cost of a Level 2 charger.

Eligible customers can save up to $500. Income-Qualified customers can qualify for a $1,300 rebate.

Feds give you 30% tax credit too!

So, what does that mean for you? Essentially, if you install a home EV charging station, the tax credit is 30% of the cost of hardware and installation, up to $1,000. Also, beginning last year the EV charger tax credit for business and home installations applies to other EV charger equipment like bidirectional (i.e., two-way) chargers.

Businesses that install new EV chargers or EV charger equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. However, they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.

Related: How the EV Tax Credit Works

Before the IRA, the limit on the amount of the EV charger tax credit for businesses was $30,000. That limit applies to projects that were completed before the end of last year. However, under the IRA, if you complete the business installation project after 2022, the tax credit per property item is up to $100,000 per EV charger.

All of this means that while electric vehicle chargers are not entirely tax deductible, you might benefit, to some degree, from the tax incentives in the Inflation Reduction Act that apply for refueling property.

How to claim the EV charger tax credit: Form 8911
To claim the federal tax credit for your home EV charger, or other EV charging equipment, file Form 8911 with the IRS when you file your federal income tax return.
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jhalawar
04-27-2024 at 08:45 PM.
04-27-2024 at 08:45 PM.
Phil long offered One Pay 6500 without any add on like Lease End Protection or Tyre/Wheel protection. Weird that tax component alone is 1655.66 .. Is that tax difference in Colorado Springs and Denver?
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whlee
04-27-2024 at 08:46 PM.
04-27-2024 at 08:46 PM.
Quote from komondor :
Colorado has a great tax credit program and with the new lease option it just brings down the price of the car quite a bit.

But for an EV you really need a place to charge that can do a level 2 charge, at home.
If you have Xcel Energy you can get some money back.

Reduce the Costs of Purchasing and Installing a Charger
Charging your electric vehicle (EV) with a Level 2 charger is a fast, convenient home charging option. Our rebate can help reduce the costs of updating your home's wiring so you can charge at home. Our rebate can also offset the cost of a Level 2 charger.

Eligible customers can save up to $500. Income-Qualified customers can qualify for a $1,300 rebate.

Feds give you 30% tax credit too!

So, what does that mean for you? Essentially, if you install a home EV charging station, the tax credit is 30% of the cost of hardware and installation, up to $1,000. Also, beginning last year the EV charger tax credit for business and home installations applies to other EV charger equipment like bidirectional (i.e., two-way) chargers.

Businesses that install new EV chargers or EV charger equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. However, they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.

Related: How the EV Tax Credit Works

Before the IRA, the limit on the amount of the EV charger tax credit for businesses was $30,000. That limit applies to projects that were completed before the end of last year. However, under the IRA, if you complete the business installation project after 2022, the tax credit per property item is up to $100,000 per EV charger.

All of this means that while electric vehicle chargers are not entirely tax deductible, you might benefit, to some degree, from the tax incentives in the Inflation Reduction Act that apply for refueling property.

How to claim the EV charger tax credit: Form 8911
To claim the federal tax credit for your home EV charger, or other EV charging equipment, file Form 8911 with the IRS when you file your federal income tax return.
Have you done yourself? How's it done? Contract with an electrician? I have a chargepoint just a block away but why not?
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CTRFK8
04-27-2024 at 09:51 PM.
04-27-2024 at 09:51 PM.
Quote from jhalawar :
Phil long offered One Pay 6500 without any add on like Lease End Protection or Tyre/Wheel protection. Weird that tax component alone is 1655.66 .. Is that tax difference in Colorado Springs and Denver?

To get into a SEL?
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abstractj
04-27-2024 at 10:03 PM.
04-27-2024 at 10:03 PM.
Quote from ElatedLlama8520 :
Dealer in bay area is telling me 10k all in for a 24/10k lease. Told them people are getting close to 6k and they told me that's great, go buy there. Lol
Yea, it'll be difficult to replicate this in the bay.
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g8trb8
04-27-2024 at 10:07 PM.
04-27-2024 at 10:07 PM.
Quote from whlee :
Have you done yourself? How's it done? Contract with an electrician? I have a chargepoint just a block away but why not?

Just had my charger installed today. After a decent bit of research, decided to go with the ChargePoint home flex hardwired. Got the used-like new from Amazon for $500 and it was still shrink wrapped. https://a.co/d/dlNEDc2

Paid an electrician $425 to install on a 60A breaker and it charged from about 20% to full in about 6 hours. After the 30% tax rebate (which I won't get until I file next year), it will be about $700 for the charger and install.

I went with hardwired over nema 14-50 plug mainly bc it's supposed to be more reliable, but it also charges a little faster and was about $100 cheaper total. Apparently the plugs can wear out after a while and there can also be issues with nuisance breaker tripping if they use a GFCI breaker.
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Makemecoffee
04-27-2024 at 10:09 PM.
04-27-2024 at 10:09 PM.
Quote from merschel :
I'm having the same problem with Foundation and Planet Hyundai. I'm up in North Denver. They keep quoting me ~$320 per month and claiming "taxes and fees". I tell them to send me the numbers because that's a lot of "taxes and fees" and they either waffle or just make stuff up.

I may just give up on this. Is it just dependent on getting the right sales person?

Try Greeley. I did a deal a couple of weeks ago
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jhalawar
04-27-2024 at 10:15 PM.
04-27-2024 at 10:15 PM.
Quote from CTRFK8 :
To get into a SEL?

Yes. 2024 ioniq 5 SEL
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