Deal Check: 2025 Hyundai Ioniq 5 SEL RWD

Ask the Hackrs
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1

Hi all, new poster but have been reviewing the forum. Hoping to get good advice on this deal.

Looking to get a Cyber Grey 2025 Hyundai Ioniq 5 SEL RWD while the EV lease tax credit is in effect. Will register the car in NorCal with the higher taxes, but looks like the availability is mainly in SoCal. Haven’t yet called a few dealers in my area to see if I can save on the travel cost.

Here is the numbers I have so far, but unfortunately haven’t gotten a a full printout yet as I was told I’d get that at signing:

Term: 24 Months
Mileage: 12000 per year
MSRP: $52000
RV: 65%
MF: 0.00043
Federal Tax Credit: $7500
Discount: $2500

One Pay Cost: 7299
Broker Fee: 699
Total: 7998

Is this a good deal?

2

No one on this forum is urgently rushing to lease an EV because section 45 or any other part of the IRA would have to be repealed by legislation from Congress.

Clearly the discount offered by the dealer also shows no urgency to clear any inventory that would all become lot anchors should the IRA be repealed.

3

Hey! At which dealership did you get this deal offered? I’m pretty new here but that looks better than what I’m looking at (also for a 2025 SEL RWD). I’m in Los Angeles.

Term: 24 Months
Mileage: 12000 per year
MSRP: $51,330 (Selling price $50,010)
RV: 65%
MF: 0.00083
Rebate $10,000
Residual: $33,364.50 (based on the full MSRP)

Down: $5,000 (includes drive off fees)
Monthly: $275

The MF I’m looking at is 0.00083 and I have excellent credit. How did you get it lower? Is it by offering One Pay? I asked about one pay and the sales guy said they don’t offer it anymore. Thanks!

4

Im way lower than your offer right now

2025 Ioniq5 SEL RWD :battery: :zap: (New refresh)

MSRP: $51300

$2000 due at signing + $595 Broker Fee

24/12k - $255 plus tax (With Conquest)

5

Can you clarify how your numbers are cheaper? Is it 2000 DAS plus the fee and then 255 + tax a month, or 255 + tax net? Thanks!

1 Like
6

$5000 > $2000+595
$275 > $255

DAS includes everything. Taxes are monthly

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7

Ah I was assuming he was saying he could beat my original offer, which I think is still better at 7998 vs 2000 + 595 + 255 * 23 (excluding tax).

8

Do you have any guide on how much of a discount would be reasonable as a percentage of MSRP to consider?

9

I think Jeff was responding to @ttb1…

2 Likes
10

Sure, this is a good deal today, but it will get better in the future. Hyundai is likely to have to offer more incentives to move these vehicles based on what they did last year. You will save money by waiting, but that may not help you if you need a vehicle now.

11

That amount frequently fluctuates. Check Marketplace and Signed Deals & Tips

12

I could do a much larger dealer discount

13

Are you flying down to Socal for this deal?

I mean isn’t the one on the home page better?

14

I’m at $4k off on a specific unit and $3,500 off msrp the rest of them in SoCal. Ship to NorCal for $450 or pickup in so cal.

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