Customers can lease Hyundai Ioniq EV for a low $275 per month

Article by Christian A., on June 12, 2017

Hyundai revealed that it is offering customers more options to drive the Ioniq EV. Back in November, the brand revealed that it was offering a subscription plan and now it has disclosed just how much this will cost.

The lowest appears to be a monthly fee of $275 plus tax for a total of 36 months. However, it does require you to put in a down payment amounting to $2,500. But if you happen to buy the Ioniq EV in California, the state offers a rebate totaling $2,500. This makes sense considering that Hyundai will only be making this subscription plan available in California. Take note though that it will not cover the entire state as for now it will only include three counties: Riverside, Orange, and Los Angeles. The brand did say that later this year this subscription will be offered in San Diego and Northern California.

There will be three trims offered. The base model is the Electric trim. The other two are Limited, which costs $305 plus tax, and the Limited with the Ultimate Package, offered at $365 plus tax. Assuming that all trims will have the “zero-money” down initiation fee plus the fact that customers will be required to get a three-year subscription, this means that Electric trim can go as high as $9,900. For the Limited it will be $10,980, and the Ultimate Package will come at $13,140.

Those interested to buy an Ioniq Electric rather than lease one will need to shell out $29,500, but after a federal tax credit of $7,500, that goes down to $22,000. While leasing may appear to be a good option, it is important to note that the Unlimited+ price for instance is not restricted to simply the vehicle.

It also includes, among others, a $0 initiation fee after the rebate as well as initial tax, title, license and fees, but this does not include California sales tax. There is also unlimited mileage, which means no mileage penalties. Included as well as reimbursement for electric charging with scheduled maintenance available for the first 50,000 miles. Vehicle wear items will be offered too.

That’s not all as Hyundai is doing what it can to ensure that those who want to own an Ioniq EV can do so easily. Customers can go online, choose the car, and see how much it will cost them. Potential customers can also have a credit check and once the car is available, simply go to the dealer, fill a number of forms, and take the car with them.

At present, there are reports coming out that a number of units of the Ioniq EV have arrived in Great Los Angeles area. In addition, the website previously showed “arrives in Spring” for this model but has been changed to “Currently, Ioniq Electric is only available to California residents.”

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