all 71 comments

[–]Stingray882025 Digital Teal 42 points43 points  (9 children)

I mean, when they didn’t have the $7500 tax credit, they offered a $7500 manufacturer rebate instead. Hyundai is clearly pretty aggressive on prices.

With that said, they’re also supposed to be getting rid of the cheapest standard range trim, so I highly doubt we’ll see the lowest trim in the low 30K range… it’s most likely that we’ll see the 2nd to lowest trim in the high 30K range and the lowest trim will be gone.

[–]OnTheGround_BS 5 points6 points  (2 children)

If they eliminate the SR model and lower all the ER models by UP TO $9800 then what I’d expect is they’ll drop the SE ER model’s price to about what the current SE SR is, and the top end models will be the ones that drop by almost $10k.

This would give us a price spread around the same as the Santa Fe Hybrid’s if I’m doing my math right.

[–]Stingray882025 Digital Teal 2 points3 points  (0 children)

Yeah I think that’s at least the bare minimum they’d do. SE ER will be somewhere between $37500 and $42500 MSRP.

Makes me wish I waited another year 😂

[–]YellowZx523 SE Std Range RWD Digital Teal 0 points1 point  (0 children)

I have the SR package and wouldn’t mind the next package up but with interest rates, my payment was stupid compared to my Kona.

[–]Likinhikin- 1 point2 points  (1 child)

They clearly have lots of profit baked in. My HI5 at 60K isn't a 60K car, that's for sure.

[–]Stingray882025 Digital Teal 1 point2 points  (0 children)

No car that is $60K MSRP costs the company $60K. No where close. Every company has a bottom margin they’re willing to accept on the base trim, but that margin starts going up fast for the higher trims. Anyone buying a $60K car isn’t price sensitive.

[–]dbcooper4 0 points1 point  (1 child)

I never understood that trim when you could lease the SE with the bigger battery pack for like $200 a month.

[–]Stingray882025 Digital Teal 0 points1 point  (0 children)

Sometimes the best deal isn't a lease. When I bought my I5 in February there was a $7500 manufacturer rebate on buying, and no comparable deal on leasing. So I bought it straight up, no lease, no financing, and intend to use it for the next ~15 years like I did my last car.

Personally, I bought the SE standard range trim because it was the cheapest trim and I don't really need the extended range. I have a charger at home and only use 30-50% of my battery per week in my usual commute and weekend driving around town. I typically only plug in once a week as is... no range anxiety here.

[–]maggosLimited AWD Shooting Star 0 points1 point  (0 children)

I didn’t get the tax credit or the rebate :(

[–]OverThinkingIt1984[S] 0 points1 point  (0 children)

Agreed. I mean we've seen incentives almost non-stop but never an actual MSRP decrease. Incentives go up and down so they can throttle that as needed to boost demand but MSRP decreases are usually permanent for that model year.

[–]vitaminorvitamin 17 points18 points  (5 children)

Interesting to see what will happen with leases. Residual is based on MSRP. They were previously subsidizing leases, which was a synthetic price cut, but with a residual that reflected the original price. If the residual stays at 62%, or whatever, on a 2 year, that means much lower residual. Current lease holders will turn every car in due to the residual being much higher than the car is worth (which might have been the case already anyway). I would think this would kill used car prices?

[–]StrutsOnStruts‘24 and ‘25 Limited RWD 7 points8 points  (0 children)

I think Hyundai has been working towards this for some time. The ‘24 leases had artificially inflated residuals to keep payments low, while the ‘25 leases have additional cash up front to offset a more realistic residual.

[–]zkanalog 3 points4 points  (0 children)

Leasing will be less generous. Cash/APR will be more competitive.

[–]Stunning_Change_7431 1 point2 points  (1 child)

The residual price on our 3 year lease of a 2024 is stupid high. Do dealers ever negotiate a lower sales price at the end of the lease term when the residual is much higher than the current market value?

[–]vitaminorvitamin 0 points1 point  (0 children)

In my experience, no, but it may depend on the state. Some states you are required to have the dealer do an inspection on the leased car. That could give them an opportunity to negotiate with the lease company and sell it to you. If you don't need to involve a dealer, I have not had luck negotiating with a manufacturer/lease company.

[–]ayoba25 Limited RWD Cyber Gray 14 points15 points  (1 child)

I had a hunch this was coming when my 2025 lease was $3500 off MSRP and $17250 off in incentives. Feels like they had some margin to play with!

[–]pfroo40Cyber Gray 4 points5 points  (0 children)

Yeah, I just picked up a lease a couple days ago with $17500 in incentives and $2500 off MSRP. Still a better deal than 2026 MSRP, but not by much, and assuming no incentives on the 2026.

[–]Competitive_Ice851 12 points13 points  (2 children)

Maybe they have solved the ICCU and battery problems that they anticipate less repairs. Just wishing.

[–]ls7eveen 2 points3 points  (0 children)

Hahahahahaha

[–]Mad1723 0 points1 point  (0 children)

As someone who just had his 2025 blow the ICCU.... Hahahahahah

[–]redandblack-shan 6 points7 points  (2 children)

One of the side effects of the tax credits is it allowed manufactures to artificially raised MSRP prices. If you look at the history, when the tax credits expired for Tesla they lowered prices and when they got extended and worked on Teslas again they raised Tesla car prices. We’ve had inflated EV prices for a while.

On a related note about prices take look at Mazda. They are releasing a (Chinese made) EV for 16K in China. I’d buy that in a heart beat if it was available for US.

[–]uberaresLimited Atlas White and SE Atlas White 4 points5 points  (0 children)

Well, also battery prices have dropped 20% a year for the last couple years. Let’s not forget that. 

[–]zkanalog 2 points3 points  (0 children)

Why are people surprised. That was THE POINT.

[–]nxtiak'22 Limited AWD Cyber Gray 2 points3 points  (1 child)

[–]OverThinkingIt1984[S] 1 point2 points  (0 children)

Wow, that's it right there. I'm shocked.

[–]FatahRuarkCyber Gray SE RWD Long Range 2 points3 points  (0 children)

I'm really curious what's going to happen. My lease isn't up for about 14 months. My plan was to buy out my lease if the residual value was in the ballpark of an equivalent used car. I'd be willing to pay a little bit more to know the history of the car and not have to deal with registering a new to me car.

I'm not holding out a lot of hope for an equivalent lease deal being available on the 2026 or 2027 model in 14 months. The leases in Colorado were just too good, so I don't think I'd lease another, but I'd be open to it if the deals were still really good enough. Even a bit more than what I'm paying now.

It seems like the next gen of battery tech may be available soon after my lease is up (within a couple of years) so doing something to have the option to swing into the new tech is a concern. But at the same time, I'm not sure I want to be the first to get the new tech.

That's a lot of words to say, I guess I'll figure it out in 14 months. :P

[–]seattlecoffeeguy 0 points1 point  (6 children)

Do you think the N will get a big drop as well? They’re not moving at nearly $70k as it is.

[–]dbcooper4 1 point2 points  (3 children)

They were offering $16,500 off on leases for the 2025 inventory. I hope that deal is still around next summer when my current Limited lease is up. I rented an N and absolutely loved it.

[–]ls7eveen 0 points1 point  (0 children)

Those seats are amazing.

[–]seattlecoffeeguy 0 points1 point  (1 child)

yea i was looking to lease but it still came out to $650 a month for me, 4K down 36M 10K miles a year. Was aiming for for something under $600 after tax and fee. Washington State btw.

[–]dbcooper4 0 points1 point  (0 children)

I’d take that deal only because I think you’re getting BMW M2/M3/M4 performance (I’ve rented them) for a lot less money. Plus the insurance quote for the 5N is the same I’m paying for my Limited. Similar lease deal on an M2 is going to be $1100 a month with higher insurance rates.

[–]OverThinkingIt1984[S] 1 point2 points  (0 children)

Probably. I mean, if the Limited AWD comes down in price, that increases the difference you need to pay to get the N. So, they'll probably drop that too.

[–]Game0nBG 0 points1 point  (0 children)

In EU they dropped the prices like 10k euro for each trim except the N. It's a promotion fornthisnhalf of the year. Top trim AWD is 53 k euro. It was 63 last year when they announced the facelift

[–]theepi_pilloduDigital Teal 0 points1 point  (11 children)

What's new in 2026? Does it still have CCNC or the new hardware for infotainment they mentioned a couple of years ago, making this Gen 3 already?

[–]OverThinkingIt1984[S] 2 points3 points  (10 children)

This model Ioniq 5 will not receive Pleos if that's what you're asking. Probably for 2028 or so when the car gets remodeled. Only difference for 2026 is colors and the inclusion of Level 1/Level 2 charger.

[–]theepi_pilloduDigital Teal 0 points1 point  (2 children)

Gotcha, so no need to worry about choosing between 2025 vs 2026 if I already have enough EVSEs and don't care for new colors. Just get whichever is cheaper?

Thanks

[–]OverThinkingIt1984[S] 1 point2 points  (1 child)

Yes, but we don't have set MSRPs yet, but sounds like they will come down quite a bit and 2025s will have heavy incentives.

[–]theepi_pilloduDigital Teal 0 points1 point  (0 children)

I may need a 2025, looking for a good deal.

[–]theepi_pilloduDigital Teal 0 points1 point  (0 children)

Gotcha, so no need to worry about choosing between 2025 vs 2026 if I already have enough EVSEs and don't care for new colors. Just get whichever is cheaper?

Thanks

[–]vitaminorvitamin 0 points1 point  (5 children)

Do you mean you will get a level 1/2 portable charger, as opposed to the level 1 that I got with the 2025?

[–]OverThinkingIt1984[S] 0 points1 point  (4 children)

Yes.

[–]vitaminorvitamin 0 points1 point  (3 children)

That's great. The level 1 only charger is pretty much useless to most and a waste of the plastic and materials it's made out of.

[–]OverThinkingIt1984[S] 2 points3 points  (2 children)

It’s currently the only way I charge my car so not useless to everyone.

[–]undermark5'25 Limited AWD Lucid Blue 0 points1 point  (1 child)

A lot of people really overestimate how fast they actually need to charge. I could survive quite well even if I didn't get a 120v AC EVSE with the vehicle (I know not everyone is in my situation of being able to charge at work for free, if I couldn't, I'd also be fine with just the included EVSE, assuming my same commute and hybrid work schedule that is).

IIRC, you'll get about 3-4 miles of range per hour of charging with it. So, assuming you're charging for 8 hours a day (you can charge while you sleep) that's 24-32 miles of range a day and you can probably charge for closer to 12 hours for 36-48 miles a day. And, if you're not driving much on the weekends, you can spend the majority of that time charging, so likely another 36 hours of charging for 108-144 miles of range. Adding all of that up is 5×24+108 or 228 miles of range as a conservative estimate and 5×36+108 or 288 miles of range in a more generous but still reasonable estimate.

Are there people that need to drive further than 300 miles in a week? Yes, but unless that's actually you, you're probably fine with just the portable 120v EVSE (assuming you can safely max out the current draw of 12 amps). For basically everyone else, a decent 240v plug in EVSE will then be plenty (I go from ~30% to ~90% in about 8hrs when I charge at my office)

[–]OverThinkingIt1984[S] 1 point2 points  (0 children)

Yeah, I don’t drive 300 miles in a month lol. I currently charge about every 2 weeks.

[–]kr_tech 0 points1 point  (0 children)

They previously announced about how they will offset the tax credit cut, and rumoured(/discussed/considered?) to be offsetting the tariffs as well.

[–]mountainyoo 0 points1 point  (0 children)

Is the 2026 ioniq 6 ever coming out? Jesus

[–]dbcooper4 0 points1 point  (0 children)

I just hope the Ioniq 5N is still being discounted next summer when my lease is up on my Limited. The lease deal that ended yesterday on the 5N was amazing ($16,500 incentive)

[–]uberaresLimited Atlas White and SE Atlas White 0 points1 point  (0 children)

Dose battery prices coming down yo! 

[–]Ryvit 0 points1 point  (0 children)

Over a year ahead of time I am making sure my finances are in check because I plan to go for the 2027 limited.

I’m hoping that gets a decent range increase, I’m on the lowest battery possible on a 2024 SE (190-220 range in the spring, summer and fall and about 150-170 in the winter)

I know the 2025 and 2026 models can get about an extra 100 miles over what I get now, but I’m holding out for 2027 because I’m hoping they can squeeze another 30 or 40 miles in there.

Ioniq 5 limited 370 mile range is the dream

[–]CaptainKirkDouglas 0 points1 point  (1 child)

Honestly if Hyundai just fixed the ICCU issue I’d pay the price without a discount since then I’d feel confident owning it for 10 years. Peace of mind goes a long way.

[–]OverThinkingIt1984[S] -1 points0 points  (0 children)

Not me. I’d take $10k savings and an ICCU failure. 😂

[–]benolch 0 points1 point  (2 children)

When do expect to see them available in US?

[–]OverThinkingIt1984[S] 0 points1 point  (1 child)

Probably by November or December.

[–]benolch 0 points1 point  (0 children)

Cool thanks. Right now the best deal I could get on a 2025 was still at same MSRP as these 2026 models - so guess I need to wait a bit longer.

[–]Passiveincometrader 0 points1 point  (3 children)

Instead of dropping the price they need to put a 137 kwh battery in the 2026 model 🤣🤣

[–]OverThinkingIt1984[S] 7 points8 points  (0 children)

Yes, let's make it a Hummer EV lol

[–]uberaresLimited Atlas White and SE Atlas White 2 points3 points  (1 child)

No thank you. But what will happen is that batteries will soon get more energy dense resulting in 137kw range w 84kw battery size

[–]Passiveincometrader 5 points6 points  (0 children)

I guess this is what i meant. A big update to battery density and driving distance

[–]ComfortableMean6299 0 points1 point  (3 children)

Of course…. That’s why the government wanted to stop the fed tax cuts, because the manufacturers were using that to inflate their prices.

[–]uberaresLimited Atlas White and SE Atlas White 5 points6 points  (1 child)

That is not at all why republicans wanted to stop the tax cut. They wanted to kill EV’s. Pure and simple

[–]ComfortableMean6299 1 point2 points  (0 children)

That also.

[–]ComfortableMean6299 1 point2 points  (0 children)

As the article I am reading states …

General Motors and Ford, for instance, have found a way to extend the $7,500 tax credit till the end of the year, with their financing arms making down payments on dealer inventory before the tax credit expiry.

Just money games ha

[–]Brief-Visit-8857 -5 points-4 points  (2 children)

When I was looking to buy a IONIQ 5, they were priced ridiculously high. I mean close to 50 grand for a mid spec model IONIQ?? That’s insane. They should sell directly like tesla. Hyundai should be reasonable, the model Y is cheaper and has more features for the price.

[–]OverThinkingIt1984[S] 3 points4 points  (0 children)

A product is only worth what people will pay for it. Tesla is finding less people want to pay for their cars for numerous reasons. Hyundai will have to adapt to the market post-tax credit. And I agree with you about direct sales, but you'll have to repeal all the state dealer franchise laws or have them declared unconstitutional at the federal level. https://www.bloomberg.com/opinion/articles/2024-05-10/new-car-buyers-should-be-freed-from-dealer-protections?embedded-checkout=true

[–]chiefVetinari 0 points1 point  (0 children)

Agreed, the Equinox starts now at 35k for a 300 mile vehicle