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MSRP:
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YOUR VEHICLE
Hyundai IONIQ 5

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Learn More About The Hyundai IONIQ 5

What you must know before purchasing your IONIQ 5. Use this pricing analysis to negotiate the best price with the dealer.

Highlights:

  • 2023 Hyundai IONIQ 5 available; 2022s sold out
  • Lease: From $569 per month for 39 months
  • Rebate: Plug-in incentives available
  • Finance: From 6.29% APR for 72 months

2023 Hyundai IONIQ 5 Available With Limited Availability; 2022s Sold Out

The IONIQ 5 is an all-new EV with a range of over 300 miles and a starting price of just over $40,000. Hyundai already has a handful of deals for buying & leasing its newest electric car.

Shoppers should be aware that the base model IONIQ 5 won't be available until the spring. For now, the cheapest model is the 303-mile EV with an MSRP of almost $45,000. Hyundai is limiting initial IONIQ 5 sales to AZ, CA, CO, CT, FL, IL, ME, MD, MA, NJ, NY, OR, PA, RI, TX, VT, VA, and WA.⁠

Current offers end on February 28, 2023. Examples here are for Southern California unless noted otherwise. This page is updated monthly with the most recent incentives, so be sure to check back for the latest info.

Hyundai IONIQ 5 Lease Deals

Lease From $569 per month

Hyundai has two lease deals in place for the 2023 IONIQ 5. The SE Long Range trim is available for $569 per month for 39 months with $3,999 due at signing. This lease deal has an effective monthly payment of $672, which is a competitive deal.

Another lease deal is in place for the SE Long Range AWD trim. This one comes in at $639 per month for 39 months with $3,999 due at signing. The effective monthly payment is higher at $742. This is also a competitive deal.

Although a $7,500 federal tax credit was available to make the IONIQ 5 cheaper to lease, Hyundai Motor Finance (HMF) was actually keeping the incentive to itself. Normally, automakers that make electric cars & SUVs pass the savings on to consumers in the form of lease cash. The IONIQ 5 is no longer available with a Federal Tax Credit, though state rebates may still be available.

Hyundai IONIQ 5 Rebate Deals

Plug-in rebates available

There are no manufacturer rebates yet on the 2022 IONIQ 5 or 2023 IONIQ 5. However, you will find state & local plug-in rebates depending on where you live.

For example, the California Clean Vehicle Rebate (CVRP) offers a $2,000 post-purchase incentive on EVs. Unfortunately, the California Clean Fuel Reward (CCFR) which provided an upfront savings of $750 is currently on hold.

Manufacturer incentives can typically be combined with state plug-in incentives, but be sure to read the applicable fine print just to be sure.

Hyundai IONIQ 5 Finance Deals

Rates From 6.29% APR

Hyundai has introduced new financing deals for the 2023 IONIQ 5 this month. The electric vehicle is available with 6.29% APR financing for up to 72 months.

These rates are slightly higher than the ones that were available last month.

Current Finance Deals

Interested in financing your new car? If so, make sure your dealer includes these incentives.

Financing Incentives

RebateAmount
Promotional APR Offer
Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.
 

Current Lease Deals

Considering a lease? These are the best lease deals available for the Hyundai IONIQ 5.

SE Long Range 4x2
Payment
$569
Term (mos)
39
Due at Signing
$3,999
MSRP
$46,835
SE Long Range AWD
Payment
$639
Term (mos)
39
Due at Signing
$3,999
MSRP
$50,335
Get a custom lease quote now » Get a custom lease quote now »

Leasing Incentives

RebateAmount
Promotional Lease Offer
Promotional lease offer available for qualified buyers on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Consumer rebate may NOT be combined with HMF Special Lease Programs. This HMF Special Lease program may be combined with Lease Cash.
 
Lease Bonus Cash
Lease Cash
(Expires 2/28/23)Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% This Cash is compatible with HMF Special Lease Rates
$2,750

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Expert's Rating

4.2Excellent | Details

MPG

127 City / 94 Highway

Introduction

What's New

The 2023 Hyundai IONIQ 5 sees few but notable changes just one year after its debut including improved efficiencies in the all-wheel-drive models that increase the range, battery pre-conditioning for faster charging, expanded application of the digital key, and a new gold matte color.

Choosing Your Hyundai IONIQ 5

The IONIQ 5 is offered in three trims: SE, SEL, and Limited. Base prices range from $42,745 to $53,895. Note that the IONIQ 5 is no longer available for a federal tax rebate.

Engine Choices

The IONIQ 5 is available with two power units. The Standard Range model (available in base trim only) packs a rear axle motor that generates 168 horsepower and 258 pound-feet of torque and a 58 kWh battery pack. The extended-range models pack 225 horsepower (with the same torque rating) motor and a 77.4 kWh battery pack as well as a $4,050 higher price tag.

All-wheel drive models (+$3,700) add a front axle motor to generate 320 horsepower and 446 pound-feet of torque.

Rear-wheel drive models with the extended-range system earn an EPA-estimated 114 MPGe combined and deliver 303 miles of range (220 with the standard battery pack) and the all-wheel drive models earn an efficiency rating of 101 MPGe combined (up three from last year) and travel 266 miles on a charge – a gain of ten over last year.

Charging from a high-output DC Fast charging station, the IONIQ 5’s 800-volt system can charge the battery from 10% to 80% in as little as 18 minutes. From a Level 2 station, the IONIQ 5 requires a little over seven hours.

Passenger and Cargo Capacity

The IONIQ 5 has a length of 183 inches and is within a few inches of the Volkswagen ID.4 and Toyota bZ4X but its wheelbase of 118 inches is notably greater than the others. Rear passenger space is roomy with 39.4 inches of legroom, 38.7 inches of headroom, and 58 inches of shoulder room. The cargo area measures 27.2 cubic feet and expands to 59.3 cubic feet with the rear seats folded and there is a small bin under the hood.

The full-size battery pack models can tow 2,300 pounds, up from last year’s rating of 1,650 pounds.

2023 Hyundai IONIQ 5 Interior

Safety Features

All trims are equipped with automatic emergency braking, blind spot detection, adaptive cruise control with stop-and-go, lane keep assist with rear cross-traffic braking, and automatic high beams.

The SEL trim adds advanced collision avoidance and highway driving assist systems and front parking sensors and the Limited further adds a gauge cluster blind spot display, parking assist with braking, and a remote parking system.

The IONIQ5 has received IIHS’ 2022 Top Safety Pick+ award with Superior ratings for vehicle-to-vehicle collision avoidance and vehicle-to-pedestrian (daytime) avoidance. Only the Limited trim’s premium headlights score a Good rating. The Hyundai also receives a five-star rating from NHTSA.

Connectivity

A 12.3-inch infotainment touchscreen with navigation, SiriusXM, Apple CarPlay, Android Auto, and remote vehicle connectivity are included in all trims. The SE features four USB charging ports while the SEL adds a wireless charger and the Limited allows one to draw power from the vehicle’s battery pack. The top trim also features Bose premium audio.

2023 Hyundai IONIQ 5 Interior

2023 Hyundai IONIQ 5 SE – MSRP From $42,745

The base trim includes 19-inch wheels, LED headlights, daytime running lights, and tail lights, heated mirrors with integrated turn signals, flush door handles, a powered open and close charge port door, proximity entry, heated cloth seats, a leather-wrapped steering wheel, a 12.3-inch digital gauge cluster, dual-zone climate control, and LED interior lighting.

2023 Hyundai IONIQ 5 SEL – MSRP From $48,745

The mid-level trim gains power-folding mirrors, digital key entry, a hands-free power tailgate, synthetic leather seats, an eight-way power adjustable driver’s seat, a heated steering wheel, and second-row HVAC vents.

2023 Hyundai IONIQ 5 Limited – MSRP $53,895

The Limited trim is now the only trim with front LED accent lighting and continues to feature premium side sills, gloss-black exterior accents, 20-inch wheels on the all-wheel-drive models, a panoramic glass roof, a surround-view monitor, ventilated seats with an eight-way power passenger seat and driver’s side memory, a head-up display, and rear window sunshades.

Compare Ioniq 5 Trims Side-By-Side

CarsDirect Tip

The SEL trim includes all of the goodness that’s been baked into the IONIQ 5 plus several desirable features such as the enhanced driving assist system and digital key entry. While the higher trims don’t feel overpriced, their additional features aren’t as convincing.

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