Hyundai Offers Huge EV Savings with Up to $20,000 Deposit Contribution

Hyundai has launched an enticing new promotion for its Ioniq 6 and Kona Electric models, offering savings of up to $20,000. However, this deal comes with specific conditions that potential buyers should understand before taking advantage of the offer.

Big Discounts, But a Catch

To secure these substantial savings, customers must purchase their vehicles through Hyundai Finance. The savings come in the form of a deposit contribution, effectively reducing the loan amount. However, this ties buyers to Hyundai’s interest rates, making it essential to evaluate the overall cost of financing before committing.

The offer applies to in-stock and demonstrator models, with discounts varying based on the model and variant:

• Ioniq 6 Dynamiq and Techniq grades: $15,000 deposit contribution.
• Ioniq 6 Epiq grade: $20,000 deposit contribution.

As for the Kona Electric, all variants come with a $5000 deposit contribution.

Availability and Eligibility

Hyundai has confirmed limited stock for both models under this offer:

• Ioniq 6: 230 units nationwide are eligible.
• Kona Electric: 371 units are eligible, but only for vehicles manufactured before 30 July 2024.

This promotion is valid until 31 March, giving buyers a narrow window to take advantage of the savings.

Pricing Breakdown

For those considering the Ioniq 6:

• The retail price for qualifying models starts at $78,500 before on-road costs.
• The offer spans the discontinued Techniq variants, alongside the currently available Dynamiq and Epiq grades.

The Kona Electric lineup offers more affordable options:

• Pricing starts from $54,000, with the top-tier variant reaching $68,000.
• Buyers can explore five different versions of the Kona Electric under this promotion.

For a detailed breakdown of specifications and pricing for each model, Hyundai’s official website provides comprehensive information.

Additional Incentives

On top of the deposit contribution, Hyundai is sweetening the deal with a $1500 bonus in the form of either:

• An Autel 22kW home charger, or
• An Evie charging voucher, giving customers flexible charging solutions.

Weighing the Offer

Hyundai’s aggressive discounting strategy aligns with its push to boost EV adoption. The substantial deposit contributions make the Ioniq 6 and Kona Electric more accessible, but prospective buyers must factor in Hyundai Finance's interest rates and loan terms.

Furthermore, the inclusion of a home charger or charging credit adds value, particularly for first-time EV buyers who may be setting up their charging infrastructure.

Why Now?

This offer comes at a time when automakers are striving to capture market share in the growing EV segment. With competitors releasing new models and incentives, Hyundai’s promotion helps its EV lineup stand out. The Ioniq 6, with its sleek design and advanced technology, and the Kona Electric, a practical small SUV, cater to a range of buyer preferences.

Final Thoughts

For those in the market for an electric vehicle, Hyundai’s promotion is worth considering. The combination of significant savings, a home charging solution, and the opportunity to drive a cutting-edge EV makes this offer appealing. However, buyers should carefully review financing terms to ensure the deal aligns with their financial goals.

Act fast—this offer is only available until 31 March, and with limited stock, the opportunity may not last long!

Ensure you search the Tynan stock through our link here.

Credit: Drive.com.au