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I would guess because Amazon gets far more traffic than their website. It’s a pretty novel idea so we’ll see if it catches on but I can totally see it getting discontinued if it ends up being more work to keep listings updated.
It has some potential but if the deals are poor from the get go and you get sucked into the dealership anyway to negotiate better terms, it seems to defeat the purpose. Still, good to see them trying something different!
I will be buying an 2025 Ioniq 5 sometime in the next year. I hate haggling, normally use Consumer’s Reports, Costco, or some other pre-negotiated price deal and always pay cash for my cars. Normally keep them 10 years and 140,000 to 160,000 miles. Wonder if I should do anything different this time.
I'm pondering the same thing. Does it makes sense to lease a car? Right now the to lease a limited is about $538 a month for 12,000 miles. If I could continually get that rate, after 8 years I would have paid $51,840. At the end of that 8 years I have nothing, what do I have if I keep the car? Will I save a lot in maintenance costs? With the improvement in technology, how happy will I be with my car in 4 years? 6 years? But then I'm basing this on a lease deal that exists now, I can't be sure that there will be good lease deals every time my lease is up. I think if you are able to buy the car, and then not look over at the newer models you are still better off buying it. I've never really worried about having the newer model until I started to want an EV. Now I'm not sure if I want to keep the car for 8 or 10 years. I am considering leasing for 2 years and then buying with the idea that the new updated version will have been out for a while and the Georgia factory will have made a lot of them. And they should cost less than they will when they first come out.
@ Exactly the issue I am weighing. Lease (for the first time ever) for two or three years and then buy the latest technology or just assume the 2025 Ioniq 5 will be fine for 8-10 years.
It's back. For those wondering, I would recommend most people take the $7,500 discount at 5.6% APR vs 0% APR and no discount if those are your only two options. There are interest rate calculators for auto loans online and the interest for this would be roughly the same as $7,500 with no money down after 60 months and you can easily get that lower with money down and making extra payments which would do nothing on a 0% APR loan. If the price was higher or the interest rate were higher then the math might work out better taking the 0% APR as long you knew you would not put a large amount down and wouldn't pay it off early.
Just as a reminder: in Japan Hyundai has been selling exclusivity through their own site ever since launching in May 2022. Great to see online sales are finally available in another country.
Not bad. If they can iron out the online buying experience (adding a leasing option, option to negotiate your trade-in) then it will become a viable option to buy a car.
My local Hyundai dealer (who also participates in the Amazon program) plays games with artificial price spikes and drops, presumably to activate automatic price drop alerts for interested buyers. As much as I hate haggling, I'd want to call them out on that stuff in person and get the lowest price they can stand.
Too bad it's on the dealer for delivery. It would be funny to get it delivered by an amazon driver and then they just have to walk back to the fulfillment center.
Damn. I'm going to start begging people to use my affiliate link for that. Can you imagine 5% commission on a freaking car! I'm gonna be a Hyundai Shill now. 😂
Great video. Thanks for going through this. I’m curious you mention you’ve got a balance on your own person Ioniq 5 which implies you bought it but you recommend leasing an EV? Can I ask what has changed your mind? I’m in the UK and bought my GV60 2 and half years ago. There wasn’t an EV on the second hand market I was interested in and luckily had just received a windfall (Pension lump sum) but my advice to anyone looking to get a new EV is don’t - buy second hand or lease. Mostly because of the depreciation and how quickly the tech is changing. I expect the facelift GV60 will be out next year and will have a bigger battery and greater efficiency so the WLTP of 321 miles of the 2022 model is likely to be more like 375 for the 2025 model. Having bought changing before 5 years of ownership would be very costly. Where as if I’d lease I could be looking at an upgrade to a facelifted and range improved EV.
💸Purchase my products here: www.theioniqguy.com/
🌍International buyers, please order on Etsy: theioniqguy.etsy.com
👍Be sure to join the 15K members of The Ioniq Guy community on Facebook for further discussion about our cars and anything else: facebook.com/groups/theioniqguy
🍺If you'd like to support the channel further, you can always buy me a beer: www.buymeacoffee.com/theioniqguy
I understand that gap coverage is a good idea for a quickly depreciating vehicle, especially if you make a small downpayment.
Why Amazon? Why not just sell them online on their website? They specifically want to pay a percentage to Bezos?
I would guess because Amazon gets far more traffic than their website. It’s a pretty novel idea so we’ll see if it catches on but I can totally see it getting discontinued if it ends up being more work to keep listings updated.
It has some potential but if the deals are poor from the get go and you get sucked into the dealership anyway to negotiate better terms, it seems to defeat the purpose. Still, good to see them trying something different!
It's a shame that Hyundai's products are overpriced on Amazon.
It’s a good start. Hopefully they’ll start leasing and offering better deals eventually.
I will be buying an 2025 Ioniq 5 sometime in the next year. I hate haggling, normally use Consumer’s Reports, Costco, or some other pre-negotiated price deal and always pay cash for my cars. Normally keep them 10 years and 140,000 to 160,000 miles. Wonder if I should do anything different this time.
I'm pondering the same thing. Does it makes sense to lease a car? Right now the to lease a limited is about $538 a month for 12,000 miles. If I could continually get that rate, after 8 years I would have paid $51,840. At the end of that 8 years I have nothing, what do I have if I keep the car? Will I save a lot in maintenance costs? With the improvement in technology, how happy will I be with my car in 4 years? 6 years? But then I'm basing this on a lease deal that exists now, I can't be sure that there will be good lease deals every time my lease is up. I think if you are able to buy the car, and then not look over at the newer models you are still better off buying it. I've never really worried about having the newer model until I started to want an EV. Now I'm not sure if I want to keep the car for 8 or 10 years. I am considering leasing for 2 years and then buying with the idea that the new updated version will have been out for a while and the Georgia factory will have made a lot of them. And they should cost less than they will when they first come out.
@ Exactly the issue I am weighing. Lease (for the first time ever) for two or three years and then buy the latest technology or just assume the 2025 Ioniq 5 will be fine for 8-10 years.
It's back. For those wondering, I would recommend most people take the $7,500 discount at 5.6% APR vs 0% APR and no discount if those are your only two options. There are interest rate calculators for auto loans online and the interest for this would be roughly the same as $7,500 with no money down after 60 months and you can easily get that lower with money down and making extra payments which would do nothing on a 0% APR loan. If the price was higher or the interest rate were higher then the math might work out better taking the 0% APR as long you knew you would not put a large amount down and wouldn't pay it off early.
Doesn't it also make sense regarding sales tax to take the 5.69% with rebates since state sales tax amount would be lower?
Just as a reminder: in Japan Hyundai has been selling exclusivity through their own site ever since launching in May 2022. Great to see online sales are finally available in another country.
Is that becoming common in Japan?
@@TheIoniqGuy No, not at all. Only Tesla and Hyundai do it.
Not bad. If they can iron out the online buying experience (adding a leasing option, option to negotiate your trade-in) then it will become a viable option to buy a car.
Our local dealer is charging $8,000 over MSRP on amazon... 😂
Friggin crooks
it will be pretty hard to fit a ioniq 5 into a Dodge Ram promaster van would you think?
My local Hyundai dealer (who also participates in the Amazon program) plays games with artificial price spikes and drops, presumably to activate automatic price drop alerts for interested buyers. As much as I hate haggling, I'd want to call them out on that stuff in person and get the lowest price they can stand.
Hyundai seems to be having a lot of firsts. First with NACS. First with sales on Amazon.
Too bad it's on the dealer for delivery. It would be funny to get it delivered by an amazon driver and then they just have to walk back to the fulfillment center.
Damn. I'm going to start begging people to use my affiliate link for that. Can you imagine 5% commission on a freaking car! I'm gonna be a Hyundai Shill now. 😂
Great video. Thanks for going through this. I’m curious you mention you’ve got a balance on your own person Ioniq 5 which implies you bought it but you recommend leasing an EV? Can I ask what has changed your mind?
I’m in the UK and bought my GV60 2 and half years ago. There wasn’t an EV on the second hand market I was interested in and luckily had just received a windfall (Pension lump sum) but my advice to anyone looking to get a new EV is don’t - buy second hand or lease. Mostly because of the depreciation and how quickly the tech is changing.
I expect the facelift GV60 will be out next year and will have a bigger battery and greater efficiency so the WLTP of 321 miles of the 2022 model is likely to be more like 375 for the 2025 model.
Having bought changing before 5 years of ownership would be very costly. Where as if I’d lease I could be looking at an upgrade to a facelifted and range improved EV.
They should add leasing through a good broker, getting a car with $300 monthly payments would move some cars, I would think.
You know the dealership is going to give a hard time on the trade-in value. They always low-ball big time.
I would never buy a car on Amazon. No chance to negotiate, and I consistently save thousands by negotiating when I buy a new car.
Can I use my credit card points?
アマゾンで棺桶を買うのは面白い
Too bad you still have a dealer.
it should come right to your door
Via their drone delivery service
@@TheIoniqGuy 24'/ 7
@@TheIoniqGuy Please no more mentioning of drones.