Published on April 21st, 2017 | by James Ayre0
Ioniq Electric For $275/Month, No Haggling Necessary (In California) — Innovative Hyundai’s Subscription Program
April 21st, 2017 by James Ayre
In a bid to simplify the often convoluted process of getting a car, Hyundai is introducing a new subscription program in California that will allow interested parties to gain access to an Ioniq Electric for as little as $275 a month.
What that means is: no haggling, no mileage limits, and service and basic wear-and-tear are covered for 50,000 miles. A standard $2,500 initial payment covers title, license, initial taxes, and other fees.
In addition to service and wear-and-tear being covered for the first 50,000 miles, charging reportedly is as well.
At this point, given the tone of what I’ve written, you might be thinking that I’m getting paid by Hyundai, but I’m not. 🙂 It’s just good to see an auto manufacturer look to find ways to make the car buying/leasing experience less needlessly complex.
Autoblog provides more: “It also has a name. It’s called Ioniq Unlimited+. The way it works is that after a consumer has their credit approved, they put down an initial $2,500 payment, and then pay a set monthly fee for the 36-month term. Pricing varies depending on the trim level of Ioniq Electric. The base model has a monthly fee of $275, the Limited goes for $305, and the Limited with the ‘Ultimate’ package costs $365 per month. All of those prices are before tax.”
Sounds pretty good, right? Unfortunately, the program will apparently only be available to people in California. Maybe if the program is successful Hyundai will expand it elsewhere?