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
796 Comments
Your comment cannot be blank.
Featured Comments
Sign up for a Slickdeals account to remove this ad.
From what i understand all their evs come with 30 minute free electrify america charging a day
I may just give up on this. Is it just dependent on getting the right sales person?
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.
Sign up for a Slickdeals account to remove this ad.
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.
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.
To get into a SEL?
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.
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
Sign up for a Slickdeals account to remove this ad.
Yes. 2024 ioniq 5 SEL