With its distinctive retro-futuristic model, superior 800V structure, state-of-the-art 350 W quick charging, pleasurable driving dynamics, and spacious cabin, the Hyundai Ioniq 5 could make a robust case to be the perfect all-around inexpensive EV. If not the best possible, it’s nonetheless considered one of our favorites.
It could really feel just like the Ioniq 5 simply launched. However time flies within the automotive world, and the Ioniq 5 has been on sale for 3 years. Meaning loads of used examples are hitting the market. And with the Ioniq 5 struggling significantly excessive depreciation — 32.9% after the primary yr — like a number of EVs, a used model might develop into a really compelling choice.
If you’re enthusiastic about a used Hyundai Ioniq 5, listed here are the questions you must ask.
Which used Hyundai Ioniq 5 model do you have to purchase?
Leaving the superpowered N model out of it, the pre-refresh Hyundai Ioniq 5 launched with three variations. The bottom mannequin is the SE Normal Vary, which has 168 horsepower, a 58 kWh battery pack and 220 miles of EPA vary. The RWD mannequin bumps as much as 225 horsepower and a bigger 77.4 kWh pack, delivering 303 miles of EPA vary. The AWD mannequin amps up the efficiency with 321 hp and 446 lb-ft, although it affords much less vary, solely 260 miles.
We’d suggest ignoring the anemic customary vary mannequin. There’s worth argument for the big battery RWD model. It has all of the oomph you want for on a regular basis driving and added vary. Nonetheless, AWD variations of the Ioniq 5 can be simpler to seek out. Conditions the place the vary differential will matter could also be few and much between. And exclaiming “POWER!” like Jeremy Clarkson whereas uncorking that 446 lb-ft of torque is sort of enjoyable, if not a want per se.
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How a lot does a used Hyundai Ioniq 5 value?
As famous, the Hyundai Ioniq 5 suffers substantial depreciation. So used variations — even sparingly used variations — will be fairly inexpensive comparatively. A 2022 or 2023 Ioniq 5 mannequin is often priced between $25,000 and $35,000. Sometimes, one will pop available on the market for lower than $25,000 to qualify for the federal tax credit score on used EVs. For comparability, giant battery variations of the brand new Ioniq 5 begin at $46,550 and may vary into the mid-$50,000s.
What sort of guarantee protection does a Hyundai Ioniq 5 have?
Hyundai has offered the Ioniq 5 with a 5-year or 60,000-mile fundamental guarantee and a 10-year or 100,000-mile powertrain guarantee. Nearly each Ioniq 5 on the highway—besides these subjected to excessive utilization—ought to have life left below each guarantee insurance policies.
Are there any recognized points with used Hyundai Ioniq 5 automobiles?
Hyundai Ioniq 5s, together with different Hyundai and Genesis EVs, have been recalled for a problem with the Built-in Charging Management Unit that was inflicting 12V battery drain. Automobile and Driver had its longterm Ioniq 5 repaired for a rattle within the rear liftgate, a criticism house owners have echoed on boards.
Winter visibility will be a problem; Ioniq 5s constructed earlier than the 2025 refresh don’t have any rear wiper to clear precipitation and winter sludge. The inventory entrance wipers are additionally sub-optimal and may detach from the windshield, leaving streaks of water.
Do you have to fear about battery degradation with a used Hyundai Ioniq 5?
All lithium-ion batteries will lose capability over time and with utilization. We don’t have long-term knowledge on the Ioniq 5 but; it has been out for under three years. Recurrent knowledge exhibits a few 5% capability loss for the Ioniq 5 at 20,000 miles. One YouTuber/proprietor measured 1.4% degradation at 10,000 miles after 18 months.
Lack of vary shouldn’t be an excessive amount of of a problem for the present crop of used Ioniq 5s. Notice that Hyundai repairs the Ioniq 5 battery below guarantee at 70% capability.
Do you have to simply purchase a brand new 2025 Hyundai Ioniq 5 as a substitute of a used one?
The Ioniq 5’s depreciation suggests there’s worth in shopping for used. Nonetheless, with the beneficiant incentives Hyundai has been providing on Ioniq 5s, you can even make a case for getting a brand new one as a substitute. My cursory search revealed money again and 0% APR financing for purchases and lease funds under $200 monthly for the RWD mannequin. And people offers might get much more beneficiant — at the least quickly — with the Ioniq 5 now eligible for the $7,500 federal tax credit score.
The brand new 2025 mannequin, whereas not markedly totally different, additionally affords a bigger battery with extra vary and added comfort options just like the rear wiper and wi-fi smartphone projection.
