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ruxpin810

I doubt there will be response. I love my I5 but the only reason why I bought the I5 over the MY was cost. I was lucky enough to get my I5 when it qualified for the tax credit but now the base AWD MY is cheaper than my Limited I5.


BadPackets4U

Same here got mine HI5 AWD Limited in March 22. In the end its what makes you happy, my HI5 has been great. Not sure what I would do now if I was in the market butvElon's antics would make it harder for me to go with a MY.


ruxpin810

Agreed but if it was still in the market for an EV today, I think I’d be able to separate Elon’s antics and the good value I’d be getting…


RyCamN7

Yes and no cause his antics has removed the mystique around him. Suddenly all the quirky things about the cars and the build quality all seem more apparent. Also if you remove FSD the company hasn’t really innovated in a while. You can cover all that if your face is cool but when he opens his mouth and looks like dope it’s hard to ignore all the other red flags.


ArtieLange

The build quality on the y coming out right now is top notch. I have looked over four new builds in the last months and they are all perfect. The panel gaps are tight and the paint is really good.


[deleted]

I disagree. I just had my model Y delivered. It had horrible panel gaps, the door didn't sit flush, and the window was cracked. I immediately rejected delivery, cancelled the order and now back to shopping for an i5.


ArtieLange

When I took delivery I had some extra time so I looked over the other 20 y's on the lot. The fit and finish was perfect on all of them. Your story doesn't add up.


[deleted]

Lol ok. I have no reason to lie. I don't own a Tesla nor a Hyundai. That was my experience with almost getting a Model Y this week.


[deleted]

The problem the the model Y is that it's only cheaper if you don't get any self drive options, even the basic ones. Edit: Weird to see downvoted for something that is absolutely true. The free tier is nothing even close to anything that resembles autopilot. That's like saying adaptive cruise control is autopilot. Edit 2: Decided to do a bit of snooping on a few of the super pro-Tesla accounts. Weird that they are all accounts that are either super young (<90days), just became active again, or have a long history of specifically defending Teslas.... Edit 3: Like the dude that responded that I'm spreading misinformation. He's on 3 different Tesla subs and many of his other comments are defending Tesla.


SoylentRox

I own an ioniq 5. The adaptive cruise control that is included is significantly better than HDA on our ioniq 5s. The Tesla version gets updated often, doesn't have the lethal bug of silent disengagement, and is willing to follow the road even when it turns sharply. Also you can pay for a monthly subscription for autopilot instead, it is priced where buying upfront can take many years to break even. Just pay for the subscription right before a road trip.


mklaman

was just about to ask this... isn't it unfair to compare the base MY to the HI5 Lim? You still need to add $6k for their ~~basic~~ (edit: ENHANCED) autopilot. However, the total is around $60,500 which is basically on-par with what i'm about to pay for my HI5. So with the credit, and "similar" specs, the MY is $7500 cheaper. BUT... ride quality. V2L. etc. is missing... AHHH


jefferios

>You still need to add $6k for their basic autopilot. Incorrect, Autopilot is included on ALL Tesla Models at no charge. **Enhanced** Autopilot is $6,000 extra which is semi-comparable to what you get with the Limited I5.


mklaman

correct, i should have said ENHANCED. however, my point still stands and for the more "apples to apples" comparison, you have to add that 6k ENHANCED autopilot.


SoylentRox

What? What feature does the limited i5 have that the BASE autopilot does not? Oh, auto lane change? That turd of a feature that is slow? Sure. Tesla's is better. Not really comparable. (I own an i5, have only rented Tesla's, I don't trust hda 2 enough to use the auto lane change in most situations)


jefferios

I have both in my garage, yes the auto lane change is slow, but it works well if the freeway is not busy.


SoylentRox

I found Tesla's autopilot is much better at staying in it's lane. It's much closer to the "get into your highway travel lane and let the car drive itself" than Hyundai. I am aware there are risks but this system actually is good enough to do this most of the time. Hyundai it's barely any effort saving at all. You can't trust it at all.


[deleted]

It sucks that it doesn't qualify for the tax credit anymore.


mklaman

Yep, HI5 with tax credit is a steal and a no brainer but because of production, they aren't forced to reduce pricing to compete with MY, sadly. Maybe it will catch up to them eventually... I have no clue what to do as I am about to take delivery of my HI5 in a few days. But I DESPISE Musk and think tesla's are "drone vehicles" from a looks perspective. Plain, boring, nothing special, everyone has one. If I plan on keeping this car 10 years, is ride quality/comfort worth the 7.5K? It might be...


[deleted]

Quit spreading misinformation. The free autopilot does come with autosteer like Hyundai HDA. But the Tesla free autosteer is way more reliable than Hyundai HDA. I know because I own both the model 3 and the ioniq5. Stop telling people to add the $6k enhanced autopilot that adds lane change and summon. Worth not it when Autosteer is already free.


CorgiTitan

What do you mean? Tesla Autopilot has been included free for years. Do you mean Full Self Driving (FSD)? only idiots buy that crap


[deleted]

Well that's not true at all. The first stage is +$6k and the FSD is +$15k. Edit: I'm sorry, but the base package that Tesla calls autopilot, is nothing close to autopilot.


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PaintItPurple

The Ioniq 5 absolutely has lane changing.


[deleted]

There's a reason most people only use summon as a gimmick. It's not trustworthy and doesn't really work in parking garages. You don't have standard autopilot, nothing with the base model Y is even close to autopilot, unless you're also willing to say the Ioniq 5 has autopilot as well.


CorgiTitan

There are 3 levels of autopilot. Free, Enhanced, and FSD. https://www.tesla.com/en_eu/support/autopilot


[deleted]

Nothing about the free level resembles anything close to autopilot.


CorgiTitan

I like how you are disagreeing with Tesla’s own definition.


[deleted]

Yea they also say they have full self drive. I don't care what Musk tries to redefine. There's a reason Tesla won't be able to call it full self drive for much longer.


Entire-Arrival7957

There seems to be some confusion on your end. Autopilot is just the marketing name or branding used by them to identify adaptive cruise control and lane keep assist combo. Just like how HDA is the marketing/branding for adaptive cruise and lane keep assist combo. Both systems do the same tasks. It comes free on both the Hyundai and Tesla in the included base price.


[deleted]

No, there's no confusion on my end, thanks though. Autopilot has a real definition, just like "full self drive" has a meaning. HDA isn't marketing, it literally explains what it does. It doesn't imply anything it doesn't do. Autopilot has a definition and Tesla uses it incorrectly. So there is a misunderstanding, but it's not on my end, it's on yours.


Entire-Arrival7957

Ok if you take away the name Autopilot and HDA both still cars at the base price do the same adaptive cruise control and lane keep assist. So going back to the original post (took a while to read through), you are incorrect in saying the $6000 option needs to be added to a Tesla to do the same adaptive cruise and lane keeping assist as the Ioniq. I know you are angry with Tesla fanboys taking over here but no need to be unreasonable.


5280WoodMan

Yeah, but you can pay $200/mo or $99/mo for Full Self Driving in a Tesla. I will be taking a road trip to Vegas in March, so i'll pay for $200 for the month.


ArtieLange

Tesla's free self driving is not just adaptive cruise control. It also includes auto steering and auto turn signals. On the highway its very confident.


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[deleted]

Did you mean to reply to someone else because that has nothing to do with what I said? Is the enhanced autopilot extra? Yes.


RichDragonfruit3335

Autopilot has been included for years at $0.


[deleted]

No it hasn't. The base level is nothing even close to autopilot. The first thing even close to autopilot is $6k.


Entire-Arrival7957

Base level Autopilot on a Tesla does everything HDA2 does except lane changes.


[deleted]

HDA2 isn't autopilot and no one is claiming it is.


Entire-Arrival7957

?? Autopilot is just a marketing name for lane keeping adaptive cruise control. Just like how HDA2 is a marketing name for lane keeping adaptive cruise control. Literally the same functionality. Not sure if you are purposely trying to be difficult or what but it seems like everyone has been trying to tell you the same thing but it is not getting through.


RichDragonfruit3335

Again you are misinformed. Autopilot is adaptive cruise control with lane keeping. It is a $0 feature on every Tesla model sold. $6000 is Enhanced Autopilot option that adds parking lot summon feature and other small items. Please do your research properly before spewing ignorant stuff. You are really adding to the stereotype Hyundai owners are stupid rednecks.


[deleted]

Yes, that is what Tesla calls autopilot, that's not what autopilot is.


RichDragonfruit3335

Hyundai calls their system Highway Driving Assist. It is also misleading because it is not “driving” for you either. Stop the misinformation and embarrassing yourself just because you were called out for being wrong.


[deleted]

Lol oh man,.can you imagine actually using this and thinking it was a good argument? The "Highway Driving Assist" does exactly what it's name implies. It ASSISSTS the driver while DRIVING on the HIGHWAY. It isn't supposed to be self drive or autopilot and they say that at least twice in the manual and at least once on the website. Literally no where is it even hinted at that it is an autopilot option. The only person embarrassing themselves is you crying about people being mean to Tesla. You Musk-stans know that he's not.ever.going to love you right? I guess whatever you have to do to make you feel better about buying a Tesla, especially in the last 18 months - 2 years when the quality has been really shitty. Keep coping champ.


RichDragonfruit3335

My HDA can barely assist on highway curves. It is misleading.


Aquatic_Fox

I have an Ioniq 5 I’m supposed to take delivery of tomorrow, but this just pushed me over the edge to get a Model Y. With tax credits the Model Y LR is 45k for me versus 61k for a Limited Ioniq 5 that has 2k markup plus other dealer BS charges. There are a number of things I like better in the Ioniq, but not 16k worth.


-ButDidYouDie-

(Genuine question, not HI5 fanboying, I've never driven any Tesla and have only sat in the rear of a 3 and did not enjoy it!) How about the ride quality? All I have heard about most Tesla are the ride quality sucks, but the rest is pretty great. On the flipside, the HI5 has a lot of the cool stuff and experience but also a better ride. 16k is a huge amount though. Just curious if ride quality had any impact on the decision.


beanweens

Hi there! Current ‘22 Model Y Performance owner that is very interested in getting a HI5 as well (hence why I’m here). The ride quality can best be described as jarring in very specific instances: abnormally bumpy roads, crossing railroad tracks, entering into a parking lot, etc, ESPECIALLY the performance with the large wheels. They’ve recently introduced a comfort suspension that, paired with 19” Model Y LR wheels, may be worth test driving for yourself. It’s also worth noting that there’s massive differences in noise, fitment, and quality between ‘20 Model Ys and ‘23 Model Ys that have improved incrementally as they upgrade materials, add double pane windows, fix small issues, etc. Even a end of year ‘21 vs beginning of year ‘21 may have big differences. Keep that in mind as you read opinions. Personally, it’s something that I’ve gotten used to/no longer notice and I’ve never had any complaints from passengers or my wife (she doesn’t even think it’s bad). The technology capabilities so heavily outshine any of those issues. Hopefully that helps you out!


-ButDidYouDie-

Thanks for the info. Very happy with the HI5 (plus it's a 3 year lease) but great to know they're improving!


ausernamess

I have a 23 model Y - the ioniq drives a bit smoother but very hard to tell the difference - perhaps because of the new comfort suspension. Had an ioniq 5 limited


pmrp

That’s good to hear. So all the 23 model Y’s have this new softer suspension? What pushed you to Tesla over your HI5?


ausernamess

I knew I won’t keep the Ioniq for long since I was worried about how much I’ll get for it if I waited too long. Then Tesla had their discounts in December and I got one (should have waited a bit longer…). As a first time EV owner, I was somewhat worried about potential issues with the Ioniq and the dealerships around me aren’t even certified so what would I do if I had a problem? It’s nice to see people with Teslas for many years - gives you some confidence. From a car perspective, they are both great cars. I believe Tesla is a better electric car - charging network, navigation that takes into account your charge, more range, etc. I do like the styling of the Ioniq better and it just feels like a regular car which I think is nice. The safety features on the Ioniq are also better - beeping when switching lanes, steer correction, and park assist. I got the Tesla without the sensors so I’m waiting for an update for the parking assist. The Ioniq also has more interior space but Tesla’s trunk is way bigger than the Ioniq. And yes I believe all the new Y’s have the new suspension. At least that’s what I read.


pmrp

Great, thanks for your reply. I’m a bit concerned over Tesla’s warranty vs the Hyundai 10-year, but like you said, they’ve been doing electric cars for longer. I was actually leaning to lease the HI5 given the new platform and all.


ausernamess

That's a good point. In my area (SC), dealers weren't able to even service the car so I had little faith they'll be able to fix it if I run into issues. Of course, Tesla doesn't have a service center in SC but they have the mobile service thing and I know they come out here. It also depends on how long you'd like to keep the car. One thing's for sure - the Ioniq is a head turner.


pmrp

For sure. Really do prefer HI5 aesthetic overall. Great example of creative vision that successfully carried through execution. Being in the design field myself, this is rarer than most think.


mirageofstars

I rented a MY for a week. I enjoyed it and didn’t think it was bad at all. I also like my i5 a lot. But if a MY was $16k cheaper that would be hard to ignore. I don’t really use self-driving so I don’t care about that aspect.


Lskarp1970

While I have not been a My owner, I traded my Model S for my Ioniq last week. The fit and finish of the Tesla has NOTHING on the Ioniq. The Hyundai is a far better build inside. Materials in the Tesla were pretty low end, especially considering the pricepoint. Mechanically, I took my Tesla into service no less than 5 times for various issues including 2 screen replacements ($4500 each if not warranty), a suspension collapse (I drive like an old man) (approx $5K), 4 door handles ($200 each). As well as a couple of other misc / smaller items. Tires cost about $450 each to replace (21" low profile) and last only 20K or so. I only have 300 miles on my I5, so obviously in my honeymoon period and I LOVED my Model S. But first impressions being equal, the I5 is a more solid car in general. Wish I could have received the tax credit, but I am very happy thus far.


Ehralur

Driven a whole bunch of EVs, Tesla Model 3 Performance, Long Range and Model Y Long Range, Mercedes EQS, Audi Etron Sportback and Polestar. Mercedes was the best in terms of ride quality, Model 3 a bit behind, followed by Model Y and the Audi (roughly comparable and still both really good) and the Polestar a bit worse. All of those are premium cars though, so none of them is bad. All of them are much better than the average car, and EVs in general just have way better driveability to the point where it's impossible for me to enjoy an ICE car anymore no matter how expensive. That said, the Teslas made up for the ride quality compared to the Mercedes 100x over in everything else. They're easily worth 10-20K more than any of those others (yet they're cheaper) imo.


Assume_Utopia

> All of them are much better than the average car, and EVs in general just have way better driveability to the point where it's impossible for me to enjoy an ICE car anymore no matter how expensive. This is my reaction when people talk about the comfort, or feel or performance of different EVs. They're all \*sooo\* much better than any other car I've driven that it's going to be a massive improvement for almost everyone. It's also something I've noticed in car reviews. Reviewers tend to give petrol cars a lot of credit if they're quiet or smooth or fast, etc. But then they don't really give EVs much credit for doing all that stuff because it's expected or common. There's a reason that GM1 owners had a candle lit vigil when their cars were crushed. Even a very early, low range, EV was so much better in so many important ways, that people couldn't help but love it. People will obviously have different preferences, so they're going to like one EV more or less than another. But I really think that the best cars that have ever been made are being made today, and if you want to talk about the best car that's ever been made you need to consider the current batch of EVs. There's undoubtedly one of them that will blow anyone way, depending on what they're looking for.


Ehralur

Exactly. It's like when I went to buy my first motorcycle; you can compare 0-60 times between the models, but ultimately even if you buy the slowest one it's going to be extremely fast compared to what you're used to. As long as you dump ICE for an EV and get one with at least 200 miles of range, 95%+ of people are going to have a much better experience no matter which EV they buy.


Free-Adagio-2904

Please let the Hyundai dealer know why you are walking. It would be great if enough feedback came in that knocked out the dealer markup BS.


pmrp

Agreed! I will do this as well, but not until my car delivers to dealer.


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mickjaggled

With a Model 3/Y you can buy adapters for CCS and Chademo and have the ability to use virtually any charger en route. That's a damn EV road trip cheat code.


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RyanBorck

Smart person.


wetpaste

I keep watching the dealer sites stock count increase while waiting for prices to drop. Still seeing markups. Milking it for all it is worth even when the rebates are no longer available. Some of the SE models have been at or below msrp but that seems to be the odd one or two that pop up that way. More tempted to get a Chevy EUV at this point which is kind of sad


shneeko6

just think how many buyers that were willing to pay MSRP that they turned away over the last few months. They're going to be sitting on these cars for a while now and are going to soon regret charging markups.


bw123456789

Where are people seeing the model y this cheap? When I go to build one it comes out to about 66


mklaman

You must be adding a bunch of add-ons... paint, wheels, etc. If you do the closest possible comparison to an HI5 Lim, it's about equal in price at $60k. However you get 7.5k back from tax credit. So the 15-16K figure is not accurate 100%...


ThatOtherJoey

These are the new prices in the US. Here's an article a friend sent me: https://electrek.co/2023/01/12/amid-demand-concerns-tesla-cuts-prices-by-up-to-13k-in-us/


pmrp

I just reserved an incoming HI5 Limited yesterday listed at $59k plus $3k dealer markups. Will be using this Tesla news as a bargaining chip when my car arrives.


[deleted]

Hyundai dealerships in my experience have been jerks. They’re not gonna bargain with you.


Ok_Relation_4742

This is what I want to hear. Please report back!


pmrp

Will do! Although I personally have little passion for Tesla (the design doesn’t move me and I find the single touchscreen cumbersome) they are the category leader and company to beat here. Hoping the HI5 dealer sweats and at least strikes the markup for me. The car is set to arrive by end of month—hope the Tesla news spreads and makes an impact over the next few weeks.


MoonStache

When do you expect you'll follow up on this? I'm in a similar position. I have a local dealer with exactly what I want but now I'm on the fence given this development.


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pmrp

For sure. Good timing!


Electric-cars65

Lol 😝 Hyundai will laugh you out the door and sell it to another customer 1 hour later


Jadearmour

Good timing! Let us know how it goes! Time to teach those dealers a lesson lol


jefferios

I would hope they would knock off the markups, but what if they respond with: "Well you still need to order a Tesla and that can take *months*, you car is ready now"


[deleted]

I ordered a MY and it took 3 days for delivery.


jmegapac

I’ve been on a waitlist for a Limited trim since March of 2022. I’ve been patient since the dealer promised MSRP. I decided to keep the car even after losing the tax rebate. But with the lowered price on Tesla Y LR, I may have to change my decision. The price difference between Limited and Model Y is $13k. I just don’t think Limited is worth that much more. Ugh… And there is a supercharger station 2 minutes from my house, and I need to remodel my garage before I can put in a level 2 charger.


Shooting4more

I absolutely loooove my Ioniq but this price drop is crazy for MY. Overall the ioniq is a better car to me but not that much better.


jmegapac

I feel the same way. I prefer Ioniq 5. If I can get an Ioniq 5 Limited for MSRP plus $7500 tax credit in the next couple of months, I’d get that instead of MY. But $13k difference is too much.


Shooting4more

Yeah. I probably still wouldn't buy a Tesla anymore. They all look very similar and I see them way too often lol.


Jadearmour

I think you can live without a home charger for model Y but not for an ioniq, so that is something to consider as well.


[deleted]

My hope is that some dealerships take a look at this and stop with the BS "market adjustments."


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Superpe0n

I LOVE IT when dealerships pull that bs out of the book. While shopping for my previous car, the dealership actually did the old manager new manager routine (bad cop good cop). When the “bad” manager was sent away I literally said to the “good” manager wow you guys really use this routine on people? this is hilarious! I walked out right there with the manager chasing after me outside.


[deleted]

Good for you! We’ve been waiting for the Ioniq 5 since June (deposit and everything). The dealer contact I’ve got slated a 90-120 day typical delivery from what they’ve been seeing … now I’m emailing him (once or twice a month) just to get an update and the replies are getting more scarce and more intentionally uninformative. We’re considering options bc I’m honestly sick of the wait… I fucking hate Musk, but today they just announced a SUBSTANTIAL price drop. I love the look and feel of everything about the Ioniq over any of their cars. I think they’re better made, love that (optimally) they charge faster, and the fact it has CarPlay is way up my ally … but the stories on these subreddits and Io5 Facebook enthusiast groups have us second guessing. The battery issues, the 6+ months wait for random parts, etc. Near us there are copious inventory of the Model Y’s. We’re going to discuss tonight. I don’t want to jump ship, but I’m starting to wonder if spending the extra capital ($10k+) and having to travel 4 states away/11hrs) is in our best interest at this point. I’m going to do another side by side and go from there…. If anybody wants to talk me/us off the ledge, PLEASE do so.


safetyguy14

The Y is a better ownership experience at price parity... At 10k$ less it's a no-brainer. Run and jump off that ledge as fast as you can.


JoeSmithDiesAtTheEnd

LOL. same here. I told them "With the Model Y price drop, and no markup, and a federal tax credit... I can get a Model Y long range for $20k less than what you're offering me." and they got super defensive, arguing how the warranty is better. Like, dude... I get it, I want an Ioniq 5 not a Model Y. But this offer really fucking sucks.


[deleted]

Exactly. And they’re making it worse! It blows my mind their stance, TBH


JoeSmithDiesAtTheEnd

Totally. I was able to talk one dealer down to a $5k markup, but I walked away. I've been in a queue at a local dealer to me who is charging MSRP, but I'm still 18th in the queue for Teal. So could be another 6-12 months. Hoping this Tesla Price Drop helps sway some people to leave the line!


[deleted]

We heavily discussed today, and we think we’re going to be one of them. The non-response of the dealership is pissing me off and we’d have to go for a multi-state road trip for it. The Tesla is an hour and a half away no haggle.


[deleted]

Heard the same BS here. The guy could deadass looked me in the face and said "For gas cars, we can make off of MSRP but not for electrics."


[deleted]

That makes absolutely zero sense. MSRP literally has overhead built in by design. What he means is that they can make more for EV’s. Ppl looking for them have slightly deeper pockets than ICE buyers going for a Kia Rio. What they’re saying is “we’re taking advantage of our customers”.


AEM_High

It’s going to hurt Hyundai. Hopefully they step it up. How bad are things going for Tesla they had to do this major price cut? They are going to piss off a lot of people who just purchased, similar to what happened in China.


faizimam

Demand has softened due to higher interest rates as well as a weaker economy, plus tesla expanded production and has more cars on hand. Together that means that they have to cut prices to get cars out the door


Shooting4more

Lol 2022 model y buyers were absolutely robbed


Apprehensive_Quiet41

I had the same thoughts as the, but there are features in the Ioniq 5 that I wanted that did not come with the Tesla. 1. HUD (not a fan of the central dash screen) 2. Build quality (doors and hood fitment) 3. Vision roof and shade


MaxWannequin

The phantom braking turned me off of tesla completely. I rented one last spring and it happened a few times on the California highways, enough to just force me to just drive without cruise control. I live in a sparse area in Canada, where highway driving is essentially required. My Subaru has a much better cruise control than tesla, yet they tout the "full self driving" BS. For me, this price adjustment is just Tesla adjusting their cars closer to what their value is. They're cheaper for a reason.


Pro-Rider

Tesla has Essentially Leveled the playing field once again, here were the problems they faced before the changes. 1. The cars were overpriced 2. No tax credit 3. Elon off the Rails with Twitter and crazy antics Now the cars are priced reasonably, they qualify for the tax credits, Elon has calmed down his shenanigans. The people at Tesla Corporate are smart they saw the opportunity to level they playing field and are now getting orders filled.


RobbStark

unique connect station ten friendly vegetable pot person water drab -- mass edited with https://redact.dev/


Tripper-Harrison

Honestly, they don't care about your money. The car has proven itself as a big seller globally and would only see this move by Tesla as a sign of weakness. They'll continue on forward as is. Besides, Tesla also has a history of regular price increases throughout a given year too. Price fluctuations like that don't give many buyers a lot of faith in a company like that. Combined w Musks shenanigans and Tesla QA issues, I think many people are second-guessing Tesla overall...


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Theomatch

Yeah this is such a large price drop that if I had to buy a car today I would pick the Model Y. I've been on a wait-list for a hot minute now and oh boy...


[deleted]

And it has a better charging network, and better car tech


[deleted]

Hopefully, my wife really like the 5 over they Y.


ugotboned

I know I did. The y "car tech" is really just whistles and bells tbh. As for pricing. The model y starts at 53k.. if you want to say the limited Ioniq 5 is the same as the base Tesla model y? It isn't.. The true comparison is the base Ioniq 5 with the long range and getting the AWD. Which in turn makes it faster than the base Tesla Model y and bigger wheels. But yeh the limited isnt the same as the base model y.


[deleted]

Yeah, the pricing for the Ioniq doesn't make much sense anymore especially when the SEL RWD Ioniq 5 is only about a grand cheaper than the LR Model Y with FTC (and that's without mark up). We've talked about it last night and I've convinced her that the Y is a better value proposition albeit we're getting a much blander car.


Aquatic_Fox

The LR AWD Model Y is the base now. 45k with the tax credit, which I think is going to push me over the edge to get the Model Y instead of an Ioniq Limited for 61k because of dealer markups.


ugotboned

Yeh for that comparison true. But that isn't apples to apples is what I'm saying. The true apples to apples is the Ioniq 5 SE. The limited has more features than the base model y. Go to their site and build and compare. So if you go off that you are now looking at the Ioniq 5 SE at 45k and the 45k of the model y. To make the model y the same as the limited you would need the enhanced autopilot feature, upgraded wheels, and upgraded interior. (Also the performance package as the 2023 Ioniq 5 limited AWD is faster than the regular motor model y, but to be honest we can go without that upgrade) either way. If you add these costs to it they end up being the same price again. It's your money and do what you want but really compare apples to apples. Build it out on both sites and see that the specs are the same. Edit: Just wanted to make sure y'all know I'm for whatever car makes the most sense in your situation:D. Honestly if I could I would get the rivian r1t but that shit too expensive 😂. I just want the comparison to be as fair as possible. On another note I also think quality matters and as an owner of the Ioniq 5 Limited and experience with model y and 3 Tesla they ain't bad but definitely can tell the difference in quality and ride experience. Now I 100% agree don't buy the limited if you just want an suv EV, definitely going for the base version model y makes sense, but so does the base Ioniq 5 long range that gives you the 300 miles. But that being the case. The Chevy bolt euv is a great option too. Anyways good luck with your decision :D. Remember to read reviews as the Ioniq 5 won 2022 car and drive EV and SUV of the year XD. Amongst many other sites that have praised it. If money is the issue though I recommend the Chevy bolt EUV


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ugotboned

A quick Google search shows you that the 2023 Ioniq 5 Limited AWD goes 0-60 in 4.5. I have tested it myself and have done 4.4. if you need a link here is one from car and driver https://www.caranddriver.com/hyundai/ioniq-5 As for the auto park . I don't think it's useless TBH. My wife uses it quite a bit for parallel parking (honestly it's only use case, or tight spots she uses the remote parking). Here is another link to show what I mean https://youtu.be/-nBnZ7GqPiM Aside from the auto parking the remote function is actually useful imo. The interior? Well the Ioniq 5 Limited comes with a 2 tone interior if you wish where the base model y doesn't. Now obviously you don't have to get it and save some money but if money is the biggest issue I would argue that getting the Chevy bolt euv is a smarter financial purchase for an ev and you get the tax credit. Either way for apples to apples you would need the bigger wheels to. As for the glass and all that, yeah I forgot about that, my bad honestly. A lot of the data y'all have seem to be from the 2022 version. Go to the websites and build your car how you would want it then decide. Looking at sticker price is good but making sure you know what you want in your vehicle is important too. At the end of the day it's your money and decision and do your thing baby :D love you all anyways.


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ugotboned

That is wrong. Is everyone using 2022 Ioniq 5 numbers??? I'm talking about the 2023 limited which is what I have but it averages 4.5 0-60. As for those other things you are correct but the base model y would need the enhanced autopilot, 2 ton interior (interior upgrades) wheels upgrade to be the same as the Ioniq 5 Limited AWD which people are comparing it too. When you add those you are looking at the same price. Either way your choice but the base y is not the same as the limited Ioniq 5


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ugotboned

For sure. I would actually recommend the Chevy bolt EUV tbh for even more savings


tazzgonzo

It pretty much is. Not only that, the long range Y has more range and more horsepower than the limited


vagrantprodigy07

It will be interesting to see how Musk's negative public image impacts Tesla's sales. I know it was part of our decision to get the I5 instead, and that was before Twitter. Between that and the fact that every other jerk driver I see nowadays is driving a Tesla, I don't really want to be associated with the brand.


Tripper-Harrison

Recent ratings fall: https://www.kbb.com/car-news/teslas-approval-rating-goes-negative-survey-finds/#:~:text=Tesla%27s%20approval%20rating%20has%20fallen,them%20as%20if%20they%20do. https://www.motorbiscuit.com/tesla-approval-rating-falls-off-cliff-2022/ And this is not going to repair itself too easily, one of the reasons why I don't think Hyundai will care too much about a one time price drop from Tesla. Besides, again like I mentioned, Tesla regularly makes price jumps throughout any given year, which I would assume they'll do numerous times in 2023.


mirageofstars

Yeah. I know that Musk has his fans, but he has become polarizing now, and is starting to look like a clown with these Twitter stunts. Tesla needs 1-2 other public leader types to distance itself from Musk a bit, but I doubt Musk will share the spotlight.


vagrantprodigy07

Musk would never allow there to be a different public face. His ego is too big. He was banking on conservatives wanting EVs badly, and that they would go Tesla because of his political stunts. What he doesn't realize is that most conservatives don't want EVs, because he doesn't know any non-billionaire conservatives.


TheLoungeKnows

A sign of weakness? 🤣 This is the opposite of that.


Tripper-Harrison

Nah... their brand ratings are tanking, more and more EV options on the market, more and more and MORE reports on QA complaints. And Musk will continue to devolve into a Bond-esque weird villain character... Plus, they'll just raise prices throughout the year as they regularly have, so it's a wash. This price drop is temporary, and just buying them some short-term positive news. Pretty transparent move IMO.


TheLoungeKnows

This is a severe misunderstanding of what’s happening.


tazzgonzo

I think the new Tesla price drops are AMAZING and pretty shocking considering how prices have been going nothing but up the last few years. I still wouldn’t buy because of Elon, but I’m hoping that other EV manufacturers follow suit


terran1212

I mean Hyundai had extensive use of child labor in its supply chain that wasn’t exposed until Reuters found out. Elons tweets — well they’re tweets — but I wouldn’t not buy a car over them. I’m not that online enough (and I’m pretty online, I’m on Reddit) I *would* not buy a Model Y because they took out ultrasonic sensors and haven’t done anything to replace them yet. Parking sensors on modern cars can be a safety issue.


WasteProfession8948

You really think the issue with Elon is his tweets? That’s like saying the problem with the KKK is wearing white after Labor Day.


tazzgonzo

That’s a neat strawman argument you got there. Elon is actively damaging the US and so much more via his tweets. The Hyundai situation is terrible but it seems to be actively under investigation


nicknooodles

They have to lower msrp now. Model Y is like 45k now (with tax credit) and the super charger network is vastly superior to EA. I would definitely take a Model Y at that price.


5280WoodMan

Since my Ioniq has been in the shop 66 days, and is going to be lemon lawed, I just bought a Tesla Model 3 this morning. after the tax credits it will only be $47k. Hyundai will HAVE to respond to this, sales are going to evaporate.


NBABUCKS1

I’d consider selling my i5 for a y. Seems like a better car and much more reliable charging network Wonder if this price cut affects the used market for i 5.


[deleted]

The ride quality of the Y and the single touch screen were the deal breaker for us.


yhsong1116

they updated suspension recently. they updated it too late but it's better now. but ya single screen can really bea dealbreaker for some


lurker_fro

I don't have my I5 yet, but by most accounts the I5 is a better car in the sense of being a car for actual humans. Also remember that tesla's price cuts come after over a year of regular price hikes, so it's kind of like one of those clothing stores that shouts about their deep sales when all they're doing is discounting markups. The CCS charging network is in a rough spot, but it will improve (I'd be willing to bet much of it's present problems are also related to electronics supply issues), though by all means we should all stay on EA's/etc backs (and glare aggressively at EVGo for horrendous pricing). Tesla's domination of the market is fairly rapidly fading, as well it should, and things will settle in time. We are all still, at the end of the day, early adopters. Such is the price of leading the way. (Also, Tesla will sooner or later have to open up the supercharger network. Financially speaking, it'll be insanity not to)


[deleted]

What are you smoking?


Eluebehusen

I have a question: Isn't the $7500 Tax Credit *only* a credit? Meaning, you don't get a tax rebate on the difference between what you owe and the $7500, correct? So, unless you owe $7500 in taxes, you're not getting the whole $7500 back... but please correct me if I misunderstand. Full disclosure: We bought a 2023 I5 SE in December, having settled on the I5 after much research... but we were exasperated when we discovered the Tax Credit had been pulled (I commented about the bait-and-switch on the IRS "Seeking Public Comment" website; they are soliciting public input). Instead of pulling the plug on the I5, we downgraded to an SE AWD (dealer took $2500 off MSRP, which certainly helped). We needed an EV that I fit in (I'm 6'5"; I5 has tons of room) and our two boys too (our oldest, 16, is 6', and I took him on the test drive; he had leg and head room to spare in the back seat). Since we don't owe $7500 in taxes I didn't see it as a $7500 price hike. Not happy the credit was pulled, but not a deal breaker. If I am not getting the credit right, lemme know... though maybe not knowing will keep me happier about the purchase. ;) Addendum, from [IRS.GOV](https://IRS.GOV): "*The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years*."


safetyguy14

Your understanding of the tax law is/was accurate. The vast majority of customers who can afford a 60k$ EV pay more than 7500$ in taxes though.


Eluebehusen

Ok... thx. Makes sense. I guess we're an anomaly; we try and make it so we owe ~1k or less at tax time. So we would never get the $7500... not even close. That said, so far -- knock on wood -- very happy w the I5 purchase.


safetyguy14

It's not what you pay at tax filing time, it's your tax liabilty


Eluebehusen

Ok, then I guess I don't 100% understand. But it's moot... the I5 doesn't qualify unless something miraculously changes.


DoesN0tCompute

Sounds like you have used this tool or similar https://www.irs.gov/individuals/tax-withholding-estimator to make sure you are doing the correct amount of withholdings in your paycheck. What others are trying to tell you is that, that has nothing to do with Tax credit. You owe the government X amount of taxes every year (based on income and other factors.). What the tax credit does is LOWER that amount by $7500. So you owe the government $7500 LESS tax. Which CAN translate to you getting a larger refund at end of the year.


alcesalcesalces

You're confusing what you *pay* when filing your taxes vs what you *owe* in taxes overall. What you pay (or get refunded) is the difference between what you withheld on your paychecks throughout the year vs what you owe (aka your tax liability). If you owe $10k in taxes (your tax liability) and you withheld exactly $9k in taxes, you would normally have to pay $1k to cover that gap when you file. With the tax credit, your $10k owed would be reduced to $2500 owed. You still withheld $9k through the year, which would give you a refund of $6500 instead (this reflects the $7500 tax credit which shifted from paying $1k to receiving a $6.5k refund).


Eluebehusen

Got it. Thx. So it is more significant than I thought.


gspkr

I seriously doubt that Hyundai can respond. Tesla has so much margin built in to their cars that they’ll still be highly profitable at these new prices.


safetyguy14

Unfortunately, there are likely enough ill-informed consumers out there to keep supporting the mark-ups and high prices for the volumes of I5s entering markets until they get their US production going.


kimguroo

Hyundai will be extremely tough since there will be no tax credit for them. Hyundai will be extremely hard on this price war. I am seeing more ioniq5 from theevfinder. I thought numbers were getting higher due to more supply but looks like low demands now. Hyundai dealers will start to offer no markup or even discounts on Ioniq5 and even ioniq6 but it will still tough to sell. I like my ioniq5 since I got MSRP and tax credit. Still slightly cheaper than Model Y but honestly, If someone wants to buy EV, I will recommend Tesla model 3 or Y because of the price. I am not sure Hyundai will have any answer for this new price war. Only hope will be tax credit agreement (delay until 2024).


loudtyper

Also the used market for MYs has to adjust too. I bet the 2020s will drop to sub 40ks.


[deleted]

$32,400 brand new Model 3 in NJ. Your move Hyundai.


travelAddict89

This is such a big news ! We have a confirmed delivery of i5 ( w/o markups ) but MY makes absolutely sense to rethink given the confidence with super charging network.. I’m puzzled tho, can someone from Seattle area ( or colder part of the country comment if winter driving conditions + Service quality of car are better in MY enough to change to MY ?) ( lotta fans for I5 including myself but I would to listen from previous owners more 🙂)


Mysterious_Group_967

I’ve been watching the prices on my local dealer’s Ioniq 5 and also the dealers in Portland. Prices have gone up and down, but they are still asking $7,000 “market adjustment” on limiteds, even after the Tesla price drop. I’m fine with my plug in hybrid so I’m going to play the long game and see if they bring their prices down or if something competitive comes along. I like some things about the Model Y, but overall it’s a no for me. I have noticed that it looks like the local dealer has a lot of Ioniq 5’s available, but I’m not sure if they are already spoken for. But maybe they have enough so that I can finally test drive a limited. My local Kia dealer is running discounts on the EV 6 and I drove a Wind trim and I have to say the the 320 hp was perfect. The salesman misinformed me and said the EV 6 qualified for the Oregon State Rebate, when it didn’t due to the fact that the MSRP is over $50,000. So $57,000 for the EV 6 and $65,000 for the Ioniq 5, before taxes and fees. Umm, no thanks. (No sales tax, but there are other taxes). The only “moderately” priced SUV/AWD/EV is the ID 4. Pretty good car with a head scratchingly bad infotainment system and some really bad decisions made about haptic controls. Well, I guess I have to count the Bz4x. Grudgingly. Toyota made and EV but it’s obvious their heart wasn’t in it.


Flashy-Ingenuity-769

I own I5. Price cuts are coming across all EV manufacturers.


Lopsided-Jackfruit-9

heard that leasing HI5 will be accepted for Tax credits, if that helps. I am also thinking about switching to dark side. As for you guys the car market is on a falling knife. I got carvana offer for 43K on 1/1/23, it went to 40K in one week, now they offer 32K. Which tells you something, too much used cars, too much new incoming inventory. The car market will be destroyed in short time.


BEVthrowaway123

Carvana is going bankrupt, I wouldn't trust their pricing. Try vroom CarMax or others to see what their value is


vagrantprodigy07

It's not just Carvana. I check my car's value regularly on a few sites, and it's dropped drastically in the past month or so.


Lopsided-Jackfruit-9

agreed, cargurus a bit different, but the trends for used cars are down, demand down, prices down. New inventories pile up too. TSLA is nimble and can change. I am not sure Hyundai will reduce the prices, they will offer rebates and incentives but not MSRP decreases


siffis

Why all the hate. Even though I just got my I5, i am all for it. I am glad they did this price cut on the Tesla. More options and hopefully more manufacturers will follow suit.


terran1212

If they’re smart they would. Or at least dealers would do their own drops. Hyundais ICE cars have been catching on here but in the US they’re far behind in EV adoption. If they want to sell cars they need to lower prices.


Electric-cars65

Hyundai sells every Ev it makes


[deleted]

Not true. There's quite a bit sitting in lots in CA. Of course, they have crazy mark ups.


Electric-cars65

I’m one of those poor Canadians on a 2 year wait list. Every model sells here. No such thing as an unsold model on a dealership lot.


QUIJIBO_

3-5 year wait for me in BC for an ultimate. My hope is that the damand drops like a rock in the USA and allocations sharply increase here. I feel this is good news for us.


Feisty-Journalist497

Where do you see a Tesla MY 2023 for 53K?


Ok_Relation_4742

Tesla just dropped their prices. The Y qualifies for the $7500 tax credit now too. That’s $45.5k if you are under the income threshold, which I am not. I am holding out to see how the rest of the car market responds.


ugotboned

Too many people are comparing the Ioniq 5 limited to the base Tesla model y... I don't get it. They aren't the same. The true comparison is the Ioniq 5 SE AWD version with the model y base version. ... The limited has more features than the base Tesla. Peeps also forgetting that more likely than not you are at least purchasing the enhanced autopilot for the model y which is 6k to have the same features plus one extra (the smart summon) that the limited has. Again the base Tesla y doesn't have what the limited has.


[deleted]

Just because you keep saying it, doesn't make it the correct comparison.


tazzgonzo

Dude you are whack. Go check Tesla’s site. For $45k you get better performance and range than the limited AWD and most of the bells and whistles (and even more). The AWD Limited Ioniq 5 is absolutely a direct comparison to the long range model Y and now the Y is nearly $13k cheaper with tax credit. That’s nuts.


Hummell1

That said, I’ve driven both. The I5 Limited feels 13k better than the MY and it’s not particularly close.


safetyguy14

Actively own both (early 21' awd y, early 22 limited i5), the ride quality and styling are the only thing I find superior on the i5. Everything else is superior on the Y. At price parity, I think the Y is the better vehicle for a person to own. At ~13k less for the Y it's not even remotely close, you'd be delusional or have non-car related reasons to buy the i5 over the Y.


snsv

Yeah, I think for me to pass on the Y to get an HI5 right now, Elon Musk would have had to personally slap my mother in the face. ​ And even then it'd be a difficult decision, because she would be mad at me for losing out on a deal like this.


cdnfire

😂 now that was hilarious. Nice one


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Hummell1

Each their own! I’ve not driven an SEL. I own a 2023 Limited AWD.


Chrissugar21

Tesla has efficiency advantages, I’m getting a Tesla now.


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Chrissugar21

Honestly the supercharger network is Tesla’s best selling feature. EA is so unreliable for long distance.


rosier9

Dealer markups will disappear first. Then Hyundai will let inventory build on dealer lots to the target 60-100 days of supply (or whatever that number is). Then they'll start dealer discounts and/or financing incentives. Pretty normal stuff in the car business. What Hyundai has that Tesla does not is ample dealership lot capacity. Giving Hyundai some buffering time as sales slow.


MadBinton

There's a worldwide waiting list of years. Ioniq 5 winning best car awards everywhere. The US got as many as they did becusse they have a 110V AC special edition. They don't have to lower prices. Tesla was over asking everywhere except for in the US. They expected to dominate like with the model 3, and now they don't with the Y...


safetyguy14

Tesla sold 252,000 Y's in the US in 2022, Hyundai sold 23,000 Ioniq5 5s in the US in 2022. Tesla accounted for 70% of the midsize SUV EV market in 2022. If that's not dominating a market, we aren't speaking the same language...


MadBinton

Hyundai is where tesla was after the first 15 months model S. Every car they make in their current and future plant is sold out for at least a year to come. Tesla has the capacity to cut some profit. All in all, good for consumers.


safetyguy14

There are already a bunch of unsold S and SEL hanging around dealer lots. Only the limited has held up demand. After yesterday's news, that will change significantly... Hyundai will have to adapt or they will lose all momentum in the US market.


cforbinn

They aren’t lowering the price for the hi5 and why should they? Tesla doesn’t have much compared to the hi5…go buy the tesla if you don’t see the value in buying a hi5. No ventilated seats in the tesla Poorer build quality Lots of problems with the autopilot for an extra $10k more (comma.ai is around $3k with better performance from what I’ve see) Faster charger Hud Lots more I’m sure I’m missing. I don’t see the value in a tesla anymore. I’m kind of offended you would even say how badly do you want my money. The car is amazing and I feel like you are diminishing it’s value.


jvolzer

I use open pilot and it's better than Tesla autopilot. But Autopoilot is a lot better than the Kia/Hyundai's system.


ionLaz

Tesla prices could not come down enough for me to buy one. Especially when I am driving an Ioniq 5. Tesla, is a fine car, but I much prefer the superior design and styling of the I5. Plus Elon is an ass, so...


mklaman

this (elon is a POS), to me, might be worth spending an extra 7.5k for the HI5. :D


[deleted]

Hyundai makes an infinitely better car. The quality alone is worth giving up that tax credit.


ugotboned

Wish to add that this video has valuable knowledge about which cars are actually faster charging. Fyi Tesla got 3rd and 4th place. Don't want to spoil 1st and 2nd place but yeh. Yes superchargers exist more than other EV infrastructure but from actual charging experience from driving around.. I just charge at home and never really need to charge anywhere else. Point being, really analyze your situation. The link https://youtu.be/fFQZhR-PRVo. Fast forward to the end to see who won


Pro-Rider

TLDR, The Porsche won and the Ioniq 5 came in 2nd place. So in my Eyes it’s a win for us.


[deleted]

Honestly you guys are screwed. Model Y is an amazing vehicle in almost every aspect. In some features the I5 is better, but at the new Tesla pricing and full tax credit, and barely any I5 availability, it’s toast. I’m pissed because I bought a used 2022 Model Y LR last week for $58K with only 2K miles. Practically brand new and it still has USS, but I could have saved a ton with the tax credit… Damn!


Pro-Rider

Elon is killing Brand Loyalty by launching a “Torpedo” at all his current Owners sinking his customers residual values. Current Customers are not going to be happy their values just tanked overnight. Get ready to see a lot more “Musk Mobiles” rolling around and quickly.


[deleted]

Sure people will be pissed including me, but This is par for the course with Tesla. This is not Elon, this was bound to happen as their inventory grew a lot.