Hyundai Ioniq 5N Lease then immediate Buyout

Ask the Hackrs
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1

Hey everyone!

I am looking to sign a lease deal on a Demo Ioniq 5 N

The upfront discount and the lease cash of $7500 are driving me to the deal. Which would net a savings of $5000 over similar used one.

The only caveat is the lease buyout. The dealer is not sure what would happen at buyout. I have heard other Ioniq 5 owners buyout and not have to pay unaccrued interest (rent charge) when they buyout. You just pay the buyout fee, and payoff amount.

Can anyone help answer this, maybe a broker or owner that has done a similar buyout?

Located in CO, deal is located in IL

Thanks!

2

Why would you want to buy an EV that will lose you a ton of money with 100% certainty?

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Honestly the depreciation issue is not nearly as bad when the net cost is $20k+ less than MSRP

Sure the depreciation will be higher than a gas equivalent, but maintence/repairs should wash that difference in most cases.

4

What kind of maintenance do you do on gas cars in less than 5 years that would amount to 20-30k? That’s how much the average ev depreciates.

Oil, tires, air filters, maybe a trans fluid flush shouldnt cost more than 7k.

5

Ioniq 5N = good
Cybertruck = trash

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how did you calculate estimated maintenance and repair costs?

7

@z0lt3c, please explain EV estimated maintenance and repair costs with one picture or meme.

8

Thank you for recognizing my ELI5 literacy level.

Ioniq owners have 30k coolant intervals (which require the bumper cover coming off?). Motor reduction Gear oil interval of 75k.

i think you can cross off oil changes and brakes only, and increase tire usage depending on driving style.

9

Think of a similarly performance oriented car, like an M3 or X3M a couple of years old- similar price and performance but maintenance heavy.

Take a look at Edmunds True cost to own calculator, I understand it is imperfect, but still a decent reference point for maintenance/repairs and depreciation

I am also not here to debate or justify the car itself but asking a question about lease buyout. People buy cars for tons of reasons, each unique to them.

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10

https://www.motortrend.com/reviews/2025-chevrolet-corvette-vs-2025-hyundai-ioniq-5-n-comparison-test-review/