With its distinctive retro-futuristic type, superior 800V structure, state-of-the-art 350 W quick charging, pleasurable driving dynamics, and spacious cabin, the Hyundai Ioniq 5 could make a powerful case to be the very best all-around inexpensive EV. If not the best possible, it’s nonetheless one in all our favorites.
It might 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 notably excessive depreciation — 32.9% after the primary 12 months — like a variety of EVs, a used model may develop into a really compelling possibility.
In case you are fascinated about a used Hyundai Ioniq 5, listed below are the questions it is advisable ask.
Which used Hyundai Ioniq 5 model must you 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 Commonplace 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 provides much less vary, solely 260 miles.
We’d suggest ignoring the anemic customary vary mannequin. There’s a superb 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 will likely be simpler to search 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 kind of enjoyable, if not a want per se.
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How a lot does a used Hyundai Ioniq 5 price?
As famous, the Hyundai Ioniq 5 suffers substantial depreciation. So used variations — even sparingly used variations — may be fairly inexpensive comparatively. A 2022 or 2023 Ioniq 5 mannequin is usually priced between $25,000 and $35,000. Often, 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, massive 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 bought the Ioniq 5 with a 5-year or 60,000-mile primary 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 autos?
Hyundai Ioniq 5s, together with different Hyundai and Genesis EVs, had been recalled for a difficulty with the Built-in Charging Management Unit that was inflicting 12V battery drain. Automotive and Driver had its longterm Ioniq 5 repaired for a rattle within the rear liftgate, a grievance homeowners have echoed on boards.
Winter visibility may be a difficulty; Ioniq 5s constructed earlier than the 2025 refresh haven’t 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 information on the Ioniq 5 but; it has been out for less than three years. Recurrent information exhibits a couple of 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 difficulty for the present crop of used Ioniq 5s. Word 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 may as well 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 beneath $200 monthly for the RWD mannequin. And people offers may get much more beneficiant — a minimum of briefly — with the Ioniq 5 now eligible for the $7,500 federal tax credit score.
The brand new 2025 mannequin, whereas not markedly completely different, additionally provides a bigger battery with extra vary and added comfort options just like the rear wiper and wi-fi smartphone projection.
