Hyundai MY23 IONIQ 6 EV Deposit Contribution: $15,000 on Dynamiq RWD, $20,000 on Epiq, Bonus Charger/ Charging @ Hyundai Finance

1660

Hyundai have announced $15,000 to $20,000 contribution on their EV model the IONIQ 6 when financed via Hyundai

2023 IONIQ 6 Epiq offer

In addition to the discount / finance contribution - you get a free EVIE Charging Voucher to the value of $1,500 OR a Autel Wall Charger Valued at $1,480 on either model

Just goes to show you how over-priced most EV's were at launch

T&C's:

Available at participating Hyundai dealers for MY23 in-stock new and demonstrator IONIQ 6 Dynamiq models purchased and delivered between 1st January 2025 and 31st March 2025. While stocks last. Finance applications must be received by 31st March 2025 and settled by 14th April 2025. One deposit contribution per contract. Approved applicants only. Terms, conditions, fees, charges and lending criteria applies. Hyundai Capital Australia Pty Ltd (ABN 42 611 226 316), Australian Credit Licence 554051 trading as Hyundai Finance.

And all together now, let's sing the following to the tune of "It's Raining Men" seeing there's been a flood of EV car deals over the past few months.

I feel the power rising, prices crashing down,
I see the EVs coming, rolling through the town,
I hear the deals are sweeter, it’s a revolution,
It’s a price drop party, causing such a sensation!
(Pre-Chorus)
It’s a bargain blast, so don’t be slow,
You better get your EV, the prices are low!
(Chorus)
It’s dropping down, EV prices are here,
You’ll save a lot of cash, get behind the wheel,
It’s dropping down, EVs everywhere,
It’s a price cut party and it’s going to be fair!
(Verse 2)
The gas prices are rising, but we’ve got a new way,
Electric power saving, every single day,
No more worries over filling up your tank,
With every dollar saved, you're thanking all the banks!
(Pre-Chorus)
Come and get your ride, don't hesitate,
The price is right, get it while you wait!
(Chorus)
It’s dropping down, EV prices are here,
Save on the future, let’s shift into gear,
It’s dropping down, EVs everywhere,
Drive into savings, and don’t you despair!
(Bridge)
Sustainable driving, no more gas to pay,
The future’s electric, we’re on our way!
The price is coming, it’s going to be fine,
You’ll save so much money, while you drive that line!
(Chorus)
It’s dropping down, EV prices are here,
You’ll be saving big, year after year,
It’s dropping down, EVs everywhere,
It’s a price drop party, and you’ve got a share!
(Outro)
It’s dropping down, EV prices are here…
Get yours today!

Related Stores

Hyundai Australia
Hyundai Australia
Evie Networks
Evie Networks

Comments

  • +6

    Finally

    • +5

      Was about to write the same, finally the price it should have been.

      • -3

        No one would pay that much money for this already old car.

        • Opps, those who pay over $2500 for a phone, would pay that much money for this already old car, too.

        • +3

          What has improved so much since 2023 that would make this car "old"?

    • +3

      The rock has come back!

      • To netflix

      • to New Jersey!

  • +12

    2 year old new car LOL

    What would the effect of leaving the battery sitting unused for two years be?

    • +33

      Model year is not the same as manufacturing year.

      As long as there are no updates to the design/features, some makes call a vehicle by the same model year for several years.

      • +6

        Offer title: 2023 Hyundai IONIQ 6 Offer Details

        You will get a 2023 car, not a 2025 car

        • +16

          Have a look on the Hyundai website. Do you find any more current IONIQ 6 than the 2023?
          https://www.hyundai.com/au/en/cars/eco/ioniq6-2023

          There isn't. Since they didn't make updates to the car. That doesn't mean they were assembled in 2023. They could have rolled off the line a few months ago. And are still called 2023 Ioniq 6.

            • +17

              @shxhshzhz: I don't care how car-sales calls cars. The seller, Hyundai, only sells 2023 Ioniq. Build date is not equal compliance date and is not equal model year.

              • +13

                @team teri: I get what you are saying, I know the difference between MY and build date… But I find it very hard to believe a brand is purposely out there selling cars built in 2024, as a "2023 model"… Just doesn't seem like anything any marketing team would sign off on.

                Do you have any proof of your claim they are rolling 2025 built cars off the line and selling them as 2023 models?

                • +1

                  @Binchicken22:

                  rolling 2025 built cars

                  That would not even be possible. It's only 230 in stock vehicles already at dealerships nationwide.

                  Available at participating Hyundai dealers for MY23 in-stock new and demonstrator IONIQ 6

                  Much more likely to be old stock as there are barely any of these on the road.

                  • @shxhshzhz: What wouldn't be possible? Them still building these in 2025?

                    • +1

                      @Binchicken22: No. This specific offer is only for vehicles in stock at dealers. Terms and conditions [F1] and [F2]

                  • @shxhshzhz: Not many sold, but 100 times as many as Mazda EVs ;-)

                    Here are some interesting stats about EV sales

                    BMW is doing surprisingly well, can't all be about price then.

                    • @team teri: Thats because they look normal and are very good cars.

                      • @Ma77mc: BMW is one of the few EV manufacturers that didn't feel the need to make their EV offering look like a bar of soap

                        • @1st-Amendment: I came very close to buying an i4 last year, ended up in a 3 series (I live in a unit and charging was the concern) but i got one as a loaner when I took my car in for a service and they are excellent cars.

                    • +2

                      @team teri: The i4 is very competitive compared to other EVs if you want a quality, well featured car. It’s cheaper than the ICE equivalent model. Not an EV fan myself, but can appreciate the pricing.

          • @team teri: very confusing, different to other car companies, but your explaination makes sense.

        • +4

          I love how it just got explained to you, and you still chose ignorance.

      • +2

        You're right that Model Year & Manufacturer Year aren't the same thing, but Hyundai has a lot of these new IONIQ 6's from 2023 sitting around, so that's what they will be giving the discount on.

        • Model Year & Manufacturer Year aren't the same thing

          It doesn't help that both phrases can be represented by the same acronym (MY).

      • It is in fact the manufacturing date stamped on the id plate of the vehicle
        It is not the date of first registration, or any other date the dealer says.

    • +1

      Nothing, absolutely positively nothing, they'd have you believe….

      • +1

        It's really as close to zero change that it makes no difference.

    • +1

      The answer is surprisingly not much happens for many years if the charge state has been left at a good level (e.g. 20-80%).
      My dealer said they charged me EV from 60 to 100%, then it sat for a week which annoyed me 😆 I think they're just like "look a full tank of 'gas'"

    • You do know that we have this thing called a warranty and Consumer Law right? This is not murica…

      • You do know that we have this thing called a warranty and Consumer Law right? This is not murica…

        Fun fact: The US also has warranties and consumer laws. Imagine if you got out of your echo chamber what interesting things you might learn…

        • Serious fact: murica is a shithole that constantly fails its own people and sells the cuntry for cents to the millions. Imagine if you got out of your lack of education chamber what interesting things you might learn…

          • @bigpoppa:

            Serious fact: murica is a shithole

            You've confused your opinion with facts which is entirely expected…

            • @1st-Amendment: it's a shame you know that opinion and facts are different but not know a fact when it slaps your face. which is actually expected…

              • @bigpoppa:

                but not know a fact when it slaps your face

                Which fact specifically? The fact that you were wrong about the US not having warranties? Or the fact that you were wrong about the US not having consumer laws?
                Or the fact that you gave your opinion about what you think of the US and tried to pass that opinion off as a fact?

                Stay in school kids..

                • @1st-Amendment: yes stay in school kids otherwise you will contend i siad stuff that i never said.

                  Having laws means jack shit when the rule of law is neither followed nor respected.

                  given your user name I can safely presume you definitely don't know this, but a constitution is the law of all laws of the land. given that all 3 branches of government violated their first "amendment" - a term that makes no (profanity) sense bc by definition a second amendment supersedes the first - of the law of laws, as recent as last firday with the tikitytokity ban, coz corruption, what chance does a pesky plebby consumer law has to protect that cuntrys citizens…

                  Say no to being uneducated…

                  • @bigpoppa: You:

                    i siad stuff that i never said.

                    Also you:

                    You do know that we have this thing called a warranty and Consumer Law right? This is not murica…

                    The US has warranties and consumer laws. Do you accept this fact now?

                    • @1st-Amendment: I never said they didn't. I did however didn't finish the qualifier murica - where laws don't matter. either way none of that changes the fact that murica is a shithole and its a shame you think this fact is an opinion

    • They don't leave battery unused, all dealers now have multiple charging stations throughout their premises.

  • +2

    Does it mean cannot do novated lease at the discounted price?

    • +2

      The NL agent would negotiate it for you I reckon.

    • +10

      Yes - no NL as they all involve financing the whole car, whereas this involves obtaining finance for some of the car with Hyundai Capital. The dealership will get your details and ask for the loan offer from Hyundai Capital, who will do a credit check. Then there is (supposedly) a $20k contribution to this finance. You can also put in your own deposit to reduce the amount financed. You can also immediately pay out the financing for $850 (the early repayment fee). But you will need to confirm all this with the dealer. I have spoken with 6 dealerships, and obtained finance approval from one to be able to review the Ts and Cs that were offered to me. The first dealership refused to give me the Ts and Cs so I walked out.

      • +5

        https://asic.gov.au/regulatory-resources/credit/responsible-…

        They might have an obligation to, at least the credit guide.

        • +4

          There are plenty of obligations if they were offering finance. We never got to that at that first dealership. They made it clear that they had no desire to do the offer at all (despite advertising it on their website). This was after they took half an hour to read the bulletin (they had no idea about the offer 2 weeks ago). At that point I pointed out that the first thing I asked for when I entered was to see the Ts and Cs. Basically, they were going to up the price of the demonstrator (which had scratches etc) to the price of a new car.

          • +8

            @Trosticles: Name and shame this dealer.

          • +3

            @Trosticles: Thanks for reminding me of the trash that are dealerships. Buying a Tesla was so very easy. Hopefully other manufacturers take this route.

          • +1

            @Trosticles: Been to a few dealerships… Found it quite a surprise how disinterested they were in showing cars or trying to 'sell'… Not a bad thing since that can get annoying if they hassle you but still surprising… Guessing cars have been just selling themselves so they haven't had to do anything in a long while.

            Guessing similar here where they don't care if you walk away since they haven't had issues with selling stuff for a long while…

            • +2

              @scud70: I got that treatment at Lexus. Walked in, knew what model I was interested in. Didn't offer a test drive. Took my number and never called me.

              Guess who didn't buy a lexus.

              • @Ademos: yep happened at Hyundai and Kia … lol in Kia sales persons defense they had none of the cars we were interested in to test drive but never called after that, the guy in Hyundai just wanted us to leave it was cramping his cruisy day lolll

                • @scud70: lol I got similar treatment at a Hyundai dealership where they said it’s a new model (not the Ioniq) and unless I was ready to buy today, no test drive. So I walked to next dealer who encouraged me to test drive and we ended up buying there.

                  Seems like a stupidly obvious flaw in customer engagement SOP.

  • +2

    Op got talent

    • +2

      Likely used ChatGPT

      Try it yourself. Ask for a song lyrics with a different theme

      e.g. Give me the lyrics to Billie Jean about how good EV's are

  • +17

    Wish they did price drops for the IONIQ 5N!

    • -5

      yes, heard its very good, just the style looks bit dated for my eyes.

      • +3

        Dated? Renault is only just copying the IONIQ 5 design now…

        • Dated?

          It's a copy of the 2017 Audi SQ5. If you ever see them parked next to each it is obvious.

          Renault is only just copying the IONIQ 5 design now…

          That says more about Renault than Hyundai

          • +1

            @1st-Amendment:

            It's a copy of the 2017 Audi SQ5

            Other than them both being mid-size SUV's, what specific features do you think they have in common?

            Here's a side-by-side comparison.

            says more about Renault than Hyundai

            That they take a long time to copy? What looks dated about the IONIQ 5?

            • @besttechadvisor:

              what specific features

              I never said anything about features. The design, ie the external appearance is very, very similar. As I said, if you ever see them parked next to each it is obvious.

              That they take a long time to copy?

              That they are copying old copies of 2017 cars.

              What looks dated about the IONIQ 5?

              I never said that either. But if you are copying someone else's 2017 design then by definition, that design is dated. If you compare the Kia EV6GT which is actually the same car underneath, it looks a lot more modern and unique.

              • @1st-Amendment:

                I never said anything about features.

                Yes, design features

                The design, ie the external appearance is very, very similar.

                Specifically, what is similar?

                As I said, if you ever see them parked next to each it is obvious.

                I linked to a side-by-side comparison. They don't look similar at all, except that they're both midsize SUVs.

                • @besttechadvisor:

                  Specifically, what is similar?

                  I've said it twice now, but let's see if third time is charm: 'The design, ie the external appearance is very, very similar. As I said, if you ever see them parked next to each it is obvious.'

                  Let me know which part of that you are struggling with. Have you ever seen them parked next to each other in car park? Because pictures on the internet are not the same as seeing it in the tin. When you see a bunch of different cars in a car park of all shapes and sizes then see two of these parked next to each other, it is very obvious.

                  This may help: https://www.carsized.com/en/cars/compare/hyundai-ioniq-5-202…

                  Also fun fact: Hyundai-Kia lead designers Peter Schreyer and Luc Donckerwolke came from Audi, it's not hard to see the connection.

                  • @1st-Amendment:

                    I've said it twice now, but let's see if third time is charm: 'The design, ie the external appearance is very, very similar. As I said, if you ever see them parked next to each it is obvious.'

                    lol, the circular logic

                    Me: What specific design features do you think they have in common?
                    You: The design, ie the external appearance is very, very similar.
                    Me: Yes. Specifically, what is similar?
                    You: I've said it twice now. The design, ie the external appearance is very, very similar.

                    Let me know which part of that you are struggling with.

                    I'm struggling with the part where you [don't] point out specific design features.

                    It's clearly not the taillights. On the IONIQ 5, they are pixel LEDs that stretch the full width of the rear. On the Audi, they have two separate housings - one for the rear left, one for the rear.

                    It's clearly not the SQ5's dual exhaust… because the IONIQ 5 is an EV and doesn't have exhausts.

                    It's not the number plate placement that is a foot lower on the I5's rear than the SQ5's.

                    It's not the grille because, again, the I5 is an EV and doesn't have a grille.

                    It's not the door handles because the I5's are flush retractable while the SQ5's are not.

                    It's not the sharp, angular lines of the I5 compared to the smoother, curved lines of the SQ5.

                    None of the most striking features are at all similar. They're actually exact opposites in most cases.

                    When you see a bunch of different cars in a car park of all shapes and sizes then see two of these parked next to each other, it is very obvious.

                    Yes, when you see cars "of all shapes and sizes" then see two mid-size SUV's next to each other, they do look the same… in that they're two mid-size SUV's.

                    But if you take away the noise and look at just the two vehicles without a Ford Ranger and Nissan Micra nearby, you'll see that they have very few specific design features in common. So few that you have not yet named any.

                    This may help: https://www.carsized.com/en/cars/compare/hyundai-ioniq-5-202…

                    Yes, thank you for pasting the link that I shared with you.

                    Also fun fact: Hyundai-Kia lead designers Peter Schreyer and Luc Donckerwolke came from Audi, it's not hard to see the connection.

                    Yes, I know who those designers are and the influence that German design has had on Korea. Nonetheless, Schreyer had nothing do with either the SQ5 nor the IONIQ 5. Even if he did, there were nearly two decades between him leaving Audi and the IONIQ 5 and Schreyer's work at Audi was almost entirely on sedans.

                    Luc Donckerwolke is somewhat similar. There's a big gap between Luc working at Audi, where he also focused on sedans, and taking over at HMG. Lee Ji-hyeon was the designer of the IONIQ 5 anyway.

                    Ultimately, none of this matters because it's all a distraction from the fact that you can't point to any specific design features between the IONIQ 5 and the SQ5. They look nothing alike other than that they're both in the mid-size SUV segment. If you disagree, all you need to do is point out specific design features.

      • +13

        We are talking about a hot ioniq 5 N, not a fridge.

        • -2

          everything that does not have aftermarket mod/updates is a fridge. that includes many non-enthusiast ICE cars FYI. you will have to get rid of them at some point.

          i do not care how fast it goes.

          but if you already have 100k~ to spend on an SUV, not getting an X3 M40i or add a bit more for GLC 43 AMG, you're just being really stupid with money.

          • +1

            @dukeGR4: "People who dont spend their money exactly how i would are really stupid"
            You have a really high opinion of yourself dont you?

            Its almost as if different people have different tastes / priorities. Imagine that.

            • -1

              @DanielP2: i said STUPID with money. You can be a smart cookie but still be STUPID with money ie. not frugal, wasteful.

              You have a really high opinion of yourself dont you?

              Its almost as if different people have different tastes / priorities. Imagine that.

              says the one with the condescending tone…. wut…

              everything that does not have aftermarket mod/updates is a fridge. that includes many non-enthusiast ICE cars FYI. you will have to get rid of them at some point.

              Would appreciate if you could prove me wrong tho rather than being snarky whilst hiding behind a screen

              like why are you even on Ozbargain lol, you are here because you do not like to be ripped off. So why are you mad when someone's pointing out the fallacy of EV, or rather they don't necessarily represent a strong value proposition when there are better substitutes/alternatives out there. stay mad

              • +1

                @dukeGR4: If someone wants to purchase an EV, you are not helping them by telling them they are wrong for not wanting the same type of vehicle as you would want. The point of oz bargain is to help a person get the best price on the product they want to buy.

                My point is that there are many options for decent vehicles out there different people have different tastes. Telling everyone that their only option for a performance vehicle should be a Supra, or if u want an SUV the only choice that makes any sense is an X3 or GLC is ridiculous.

          • @dukeGR4:

            i do not care how fast it goes.

            Cool. I'll remember that when I wave to you in my rear view mirror…

      • +12

        Those are some really bad options lol

        • -4

          X3 M40i and Supra are BAD options? tell me you're an NPC without elling me you're one lol..

          Sure Supra is a coupe but the X3?

          You cannot go wrong with a B58 and ZF 8-speed. one of the best drivetrain ever made, and is actually reliable and frugal.

          FYI - Supras hold their value really, really, really well, and for a reason. Granted you buy the post-2020 version used. There's a price floor on the used market for it, and tend to bottom out at around the 70-80k price range and has been the case for the past few years. 2 years ago, it actually went up a bit. One of the best sports car you could buy.

          • +1

            @dukeGR4:

            tell me you're an NPC without elling me you're one lol..

            You literally just vomited the standard boy racer script at us… the lack of self awareness here is delicious.

          • @dukeGR4: I would never buy a supra unfortunately, and i had a m2 comp as well lol 100% would never buy a X3 M40i.

            M2 comp was good but the M240, Supra and X3M40i just meh. If it's one of the best sports cars you could buy there would be alot more on the road… but unfortunately it's not… it's extremely overpriced for what you're paying.

    • +2

      Not bad price for 614km WLTP range with 10 - 80% in 18mins fast charge.

      • +1

        I think the range might be overrated. On reddit a guy has stated real world range around 450kms and if spirited driving (which this car is built for). It's down to 200kms. Doesn't bother me. I'm keen on the spirited driving!

        • +4

          WLTP is global standard. For example, Tesla Model 3 has 513km WLPT range. 614km range is above average. I know real world range is obviously going to be less.

        • -2

          if you're keen on driving, why not pick a better tool.. even sth like Miata or 86 twins.

          • @dukeGR4: The fun ones got a modern anti theft device fitted.

            • @Flutterby: not much of a theft deterrent. About 10 VF Commodores get stolen daily in Melbourne alone, a lot of them are manual too.

    • Wish they did price drops for the IONIQ 5N!

      It has unofficially dropped. I as looking about 6 months ago and they were $115k, now they can be had for $91k before on-roads in order to appeal to the FBT exemption for non-LCT EVs

  • -2

    Financed through Hyundai. No thanks.

    • +3

      I got my used i30 from hyundai Finance in 2014 (19k), was very happy with very low interest rate. It was from melbourne hoppers crossing hyundai dealer ship.

    • +4

      Because?

  • +21

    "Companies aren't gouging," gives 20k off price still makes profit lol because they actually have to compete because of evil China.

    • +7

      They would have been gouging in the last few months. Since battery prices dropped very significantly since the car was first sold here.

      But how do you know they still make a profit at this current price?

      • +6

        But how do you know they still make a profit at this current price?

        they can milk you throughout the life of the vehicle, not just during purchasing - accessories, consumables, servicing, maintenance, and uncovered repair. and brand loyalty/goodwill.

        bit of game theory - they would be better off dumping some of these cars at a small loss or breakeven than allowing their competitors gain the sale.

        • +1

          Unless they are very big like Colesworths, the competitors can do the same to earn the market share, leaving it no choice for US to ban/impose tariffs.

    • +1

      No way are Hyundai making a profit on these 2023 models.

      Net profit (or loss) on EVs is typically somewhere between -$8k to +$15k.

      Hyundai are dumping these at a loss for sure.

      • Who knows. The trend is price going down. I guess there are a few out there that would love the Ioniq oppose to a BYD. Though, the mass market will go for value and Ioniq clearly isn't catering for that if it's selling cars from 2023 (either built or complied in 2023) with such deep discount.

        • +1

          I know. They're definitely selling these at a loss.

          They were 2023 built, despite the confusion in the thread above. Battery costs have gone down since, so Hyundai will be able to make a profit with a lower price in the future, but not on these 2023 IONIQ 6's. The price war has also only really kicked off recently, so Hyundai is left with no choice but to take the loss on these.

          The IONIQ 5 is catering very well. I'm sure the Inster will also be very popular when it arrives this year (I'm even looking at one).

      • +1

        No way are Hyundai making a profit on these 2023 models.

        Net profit (or loss) on EVs is typically somewhere between -$8k to +$15k.

        I know. They're definitely selling these at a loss.

        have you read the financial statements and report? or just guessing?

        Hyundai's EV production is vertically integrated and have long term supply contracts in place. They also have hedging strategies in place to help mitigate volatility of raw materials (and currency). All of these help protect their profit margins.

        If done right - they could price their products very competitively to capture market share. possible that they got some of the materials for dirt cheap. or maybe they have overhedged, and need get rid of inventory. we do not know for sure.

        But in any case, it's not as simple as looking at today's market price ie. cost of battery today to support the inference that they are "dumping" at a "loss". it's not even the most price volatile component that goes into the car imo.

        • I do look at HMG's publicly available finances, yes.

          They don't say anything about the profit / loss of an IONIQ 6 specifically but I do have a very well educated idea of how the industry works and the profit margins, especially for EVs, and especially for Korean vehicles as that's my area of interest.

          I would bet the IONIQ 6's from 2023 are being cleared without any profit. The discounts from the deal alone are roughly 20% of their listed prices, which are already being sold lower than expected. Margins aren't that high on these vehicles…

          • +2

            @besttechadvisor: They are possibly making a small loss having these cars sit in warehouses and dealerships, occupying space that could be used for other high selling cars. Also the car will still be depreciating and I'm guessing may have to be charged periodically. Could possibly be even larger discounts at end of financial year to get rid of the last of them.

    • +1

      "Companies aren't gouging,"

      Citation?

      gives 20k off price still makes profit

      Citation?
      A loss is the opposite of a profit in case you didn't know: https://www.drive.com.au/news/car-makers-losing-6000-on-ever…

      because they actually have to compete because of evil China.

      The CCP actively engages in market and currency manipulation in order to squash international competition. This is a similar sort of thing than Microsoft used to do and Amazon is doing now (not currency obviously, but market manipulation). If MS and Amazon were evil when they did it, why are the CCP not held to the same measure?

  • whats the 0-100 speed for RWD? I hardly seen couple of these in city till date, but my street has 10 tesla model Ys as of today.

    • +9

      7.4s I googled it for you

      • +2

        Did it take more than 7.4s?

      • Can you look up if it's V2L as well?

Login or Join to leave a comment