Electric vehicles continue to surprise consumers with their affordability, especially when it comes to leasing options. A recent lease opportunity for the Hyundai Ioniq 5 SEL AWD at just $99 per month has caught attention, but is it too good to be true? Let’s dive into the details to help you make an informed decision.
Understanding This Remarkable Lease Opportunity
The $99 monthly payment for a Hyundai Ioniq 5 SEL AWD comes from Stevenson Hyundai in Colorado. This isn’t a marketing gimmick – it’s a legitimate lease offer with specific terms and conditions that potential lessees should understand completely before visiting the dealership.
This particular deal stands out in today’s automotive market where many people believe electric vehicles are prohibitively expensive. The reality is quite different, especially when exploring lease options rather than outright purchases.
What Makes the Ioniq 5 Special
The Hyundai Ioniq 5 has earned recognition as one of the strongest competitors to Tesla’s Model Y in the US market. This electric SUV combines cutting-edge technology, impressive range, and practical design elements that appeal to everyday drivers.
The SEL AWD trim specifically offers all-wheel drive capability, making it suitable for various weather conditions and driving scenarios. This isn’t just about getting from point A to point B – it’s about doing so with confidence and style.
Complete Lease Terms Breakdown
Understanding every aspect of this lease deal is crucial for making an informed decision. Here’s what you’re actually signing up for:
| Lease Component | Details |
|---|---|
| Monthly Payment | $99 |
| Down Payment | $999 |
| Lease Duration | 24 months |
| Annual Mileage Limit | 12,000 miles |
| Hyundai Lease Cash | $15,500 (manufacturer incentive) |
| Colorado Tax Credit | $3,850 |
| Acquisition Fee | Standard dealer fees apply |
| Dealer Handling Fee | $699 |
The Fine Print That Matters
The $15,500 Hyundai Lease Cash isn’t money you pay – it’s actually a manufacturer incentive that reduces your lease cost. Think of it as a substantial discount specifically designed to make leasing more attractive.
The $3,850 Colorado Innovative Tax Credit is location-specific, which means this exact deal structure applies specifically to Colorado residents. Other states may have different incentive structures or none at all.
Real-World Cost Analysis
Monthly Budget Impact
Beyond the $99 monthly payment, consider these additional factors:
- Insurance costs: Electric vehicles may have different insurance rates
- Charging expenses: Significantly lower than gasoline costs
- Maintenance: EVs typically require less routine maintenance
- Registration fees: Some states offer EV registration discounts
Fuel Savings Calculation
If you typically spend $140 per month on gasoline and switch to charging an electric vehicle for approximately $40 per month, you’re saving $100 monthly on fuel alone. This essentially makes your effective lease payment close to zero when accounting for fuel savings.
Mileage Considerations for Your Lifestyle
The 12,000 annual miles limit translates to 1,000 miles per month or roughly 33 miles per day. This works well for:
- Daily commuters with round trips under 30 miles
- Urban dwellers who primarily drive locally
- Families with multiple vehicles where this serves as a secondary car
- Individuals who work from home or have flexible schedules
When This Mileage Limit Might Not Work
Consider whether this lease suits your driving patterns if you:
- Take frequent long-distance trips
- Have lengthy daily commutes
- Travel extensively for work
- Enjoy weekend road trips regularly
Electric Vehicle Benefits Beyond Cost Savings
Environmental Impact
Choosing an electric vehicle contributes to:
- Zero direct emissions during operation
- Reduced dependence on fossil fuels
- Lower overall carbon footprint, especially when charged with renewable energy
- Improved local air quality in urban areas
Technology and Convenience Features
The Hyundai Ioniq 5 offers modern conveniences that enhance daily driving:
- Fast-charging capabilities for quick top-ups
- Advanced safety features and driver assistance
- Spacious interior design with innovative storage solutions
- Quiet operation for a more peaceful driving experience
Questions to Ask Before Signing
Dealership Verification
Before committing to this lease, verify:
- Current availability of the specific stock number mentioned
- Whether additional fees beyond those disclosed apply
- Exact delivery timeline and process
- Service department capabilities for EV maintenance
Personal Financial Review
Honestly assess:
- Your current monthly transportation budget
- Home charging setup costs or public charging accessibility
- Insurance quote comparisons for electric vs. gasoline vehicles
- Long-term transportation needs beyond the 24-month lease term
Making the Decision
This $99 monthly lease represents genuine value for the right consumer. The combination of low monthly payments, fuel savings, and driving a modern electric vehicle creates an attractive package.
However, successful leasing requires understanding all terms, staying within mileage limits, and maintaining the vehicle properly. The 24-month term is relatively short, meaning you’ll be making another vehicle decision sooner than with typical three or four-year leases.
Alternative Considerations
If this specific deal doesn’t match your needs, consider:
- Other EV lease options in your area
- Certified pre-owned electric vehicles
- Different trim levels of the Ioniq 5
- Competitor vehicles with similar lease programs
Frequently Asked Questions
Q: Is the $99/month payment really all I’ll pay monthly?
A: The $99 covers your lease payment, but you’ll still have insurance, charging costs, and any additional services you choose.
Q: What happens if I exceed the 12,000 annual miles?
A: You’ll face excess mileage charges at lease end, typically calculated per mile over the limit.
Q: Can I get this deal outside of Colorado?
A: The exact terms depend on local incentives and dealer participation, so contact your local Hyundai dealer for available offers.
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