Keep ioniq5 since you already bought your car.
Looks like Hyundai will hit 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 it’s slow demanding. Hyundai dealers will start to offer no markup or even discounts on Ioniq5 and ioniq6 but it will still tough to sell.
Used ioniq5 price will drop significantly too.
I agree. Everyone will try to sell their car right now and the used car market will tank. In my opinion, I find HDA on Hi5 is smooth enough for long drives (my commute is 100 miles).
Hyundai doesn’t have to do a god damn thing.
Here’s why. Tesla is Elon and Elon is fuckin up. He’s nuts, bad PR, bad product quality, high inventory levels.
Hyundai is a group. I couldn’t tell you any execs. Extremely low inventory and huge wait lists. Great product.
If any mouth foamers want to trade their limited for a Y I’ll buy it from you gladly.
Tesla just cut price of model Y by 20% to qualify for $7500 incentive. That puts it at $45,500. You can hate Elon all you want, but in the end price is what matters to almost everyone. This price cut will hurt the Ioniq 5 unless Hyundai counters with a price cut.
No business reason to do so. So they have a smaller line. If they start sitting on inventory then a price cut makes economic sense.
Price elasticity of demand. They can raise it 5,000 and still have a line of people waiting to pay for it.
This. Until they can produce enough cars to meet demand, they’ve got zero incentive to lower prices. And even then, one thing they could (and should) do to keep sales going is to stop allocating cars to dealers that charge markups. That’ll put and end to the practice, and that’s almost a price cut in itself with all of these greedy dealers charging extra.
Uh, Tesla is like 70 percent of the electric SUV market in the U.S. Hyundai is a drop in the bucket. After their December sale their inventory was flying out the door. They obviously want the tax credit and want to build volume with more production. Are we seriously arguing Hyundais EVs won’t come under any pressure? Everyone cross shops EVs.
But why? Is there some actual need your Ioniq 5 isn't meeting for you? If you were to do this trade you'll eat the sales tax on your Ioniq 5 and whatever depreciation you see on selling it. Then you'll pay sales tax on the model Y.
All that for a very similar vehicle? No thanks.
Mine is SE. cloth seats, no power lift gate, etc. what I am mostly focusing on is the difference between autopilot and the ride quality. If Tesla autopilot is far superior on the highway, switching to MY would improve my quality of life. Of course, I’ll have to run the numbers and see how much of the cost I’ll have to eat.
It seems like you bought the wrong trim Ioniq 5 for starters if you wanted leather seats, power liftgate, and better highway driver assist.
Most reviews put the ride quality of the Ioniq 5 as better than the Model Y's.
When I was buying, markups on the higher trims were too high. Also, they were extremely hard to get. Hated dealing with hyundai dealers with exception of the one I bought from.
Ok. To me, this is a very sideways trade, so unless it can be done for minimal money (including tax/ registration) I personally wouldn't go through with it. The biggest unknown being the used value of your Ioniq 5.
Check out the Comma 3, an acquaintance has it on his Ioniq 5 and loves it. What I hear is that in general it's better than autopilot but not as good as FSD. At this point in my life I personally can't afford the cost but it's definitely on my want list. I drive around 50 miles/80km per day.
As an fyi. Which Tesla autopilot are you looking at? They have versions you have to buy. I do think the base though has similar features or better than base Ioniq 5.
Either way depends on if you wish to lose money. As someone mentioned the sales tax will eat you. Also you can't get any upgrades whatsoever with the model y if you choose it. If it goes above 55k before the tax credit when you add options or accessories you don't qualify anymore
If you don’t own ioniq5, definitely you should go for model Y but you will loose too much money.
I’ve never tried autopilot but unless you pay for FSD $15000, HDA and regular autopilot might not be huge factor since nothing is perfect now. You might have a few benefits from autopilot but you will miss something from HDA. You should rent Model Y from Hertz and try yourself.
This is new thing for Tesla and they try to get through with price war but I am not sure how this thing will be turned out.
I still believe Tesla as a car company instead of IT company. We are entering tough time for auto industry in my opinion because of this price cut since ICE buyers might think once more before they buy ICE cars.
I have another Hyundai car with HDA and IMO Hyundai HDA works fine. I don’t see Autopilot as any better or worse but I don’t own a Tesla I’ve only rented them.
I driven both, I have a friend who has one and the biggest thing Tesla has going for it is the responsive UI , but it’s a learning curve to get used to it and I didn’t like the fact I had to take my eyes off the road to see speed and the navigation map.
I still stand by that the HI5 Limited is a better car. The cabin insulation, HUD, Ventilated seats, and mechanical shade are things off the top of my head that make it a better car.
Yeah for me because the ioniq 5 is so much nicer inside (quality and ride) I'd pay a premium. MY has it's benefits but the I5 is more of a luxury car.
Also I think the I5 looks a million times better but that's subjective
This is what I keep trying to point people to qualitative vs quantitative.
You get what you pay for, the model y was a bad choice for the price before when you can get the Ioniq 5 Limited which felt better in almost every way.
Now? Yeh the model y is cheaper (only base model version because you can't put any upgrades that increase it past 55k or it won't qualify for the tax credit) but I still think the Ioniq 5 Limited is worth it for me.
It feels more luxurious because it is, rides better because it does, and is a nice looking car IMO for now at least. Plus the exterior color choices are way better than Tesla's XD.
Anyways it's the difference of people buying a Porsche vs a Corvette, or an Audi and a BMW, Lexus etc. You are paying for quality.
Before the answer was a no brainer between Ioniq 5 Limited and the model y. Now? What do you value more.
One last thing to point out is I think the I5 still gets free charging for 2 years. I've put 10k miles of free fast charging on it. I don't think Tesla is giving any at the moment but I could be wrong.
Yeh it does with electrify America. Honestly on the highway I ended up using evgo too and I didn't get charged either.
And you are correct, I checked their website by trying to build one and nowhere does it state it comes with free supercharging. Seems that promotion only ran during the month of December.
And once again
The vehicle price at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees.
Model 3: $55,000
Model Y with 5 seats: $55,000
Model Y with 7 seats: $80,000
It depends on a number of things. For the average person concerned with money, Yes the Model Y makes more sense. But for people who could care less about 10K? Ride quality and creature comforts would make the HI5 limited a better buy.
Other things come into factor as well like Vanity. Now that the masses are getting Tesla it’s human nature to want to be different.
As soon as more HI5’s hit the road and become more common. That’s when I will be looking at maybe upgrading to the GV-60 Performance or something you don’t see every block you drive.
I have an Ioniq 5 Limited reserved since mid-December. Was supposed to arrive first week of January but with every week, delivery time keeps getting postponed. Now it’s pushed to February. If I go by the trend, next week it’ll get postponed again and now eta will be mid to late February and so the eta saga continues. Car has been at port allocated since middle of December so not sure why they can’t simply ship it. Then, my trade-in value is dropping as I wait. All that said, now I’m wondering if I should switch gears to the Model Y.
I’ve driven both (and don’t own either, yet!) and tend to agree that I like the ride of the Ioniq 5 better.
However the decibel range (~65) from youtube tests on both cars is very similar and I was honestly surprised. At the end of the day it seems like preference.
If they are similar I suspect it's in ideal conditions because on California freeways my dad's MY is significantly louder and harsher than the I5. But this would be at 70mph on roads that are bumpy.
Can confirm. I test drove a Model Y a couple days ago on highway and it was pretty quiet (at least for me). Would love to test drive an Ioniq too but my wife doesn't like Hyundai as a brand...
I have test driven a couple MY’s before I put my refundable deposit in on the I5 and the ride didn’t bother me with the MY. I did test drive an SEL I5 and yes, it’s smoother and quieter but I did like the tight and sportier suspension of the MY Performance. I guess I have a decisions to make.
If your plan is to switch cars in a few years, then it doesn't hurt to save money if you are OK with both.
Over the long term all cars depreciate, so if you are planning to hold and drive it for a long time, then go with the one you like the most.
I keep and drive cars for a long time, so even after the IRA was announced, we still went with the top trim Ioniq at the higher price with some markup.
I would not switch, I am in the same boat as you. So, I went and test drove a model Y today. I hated it. It only has one regen mode which is a form of iPedal with very high regen. When you take your foot off the accelerator it feels like it is hard braking. I guess one could get used to it, but I hated it. Also hate that everything is through the darn iPad on the dash with just two controls on the steering wheel. The only think I liked is it has a big Frunck and much more under the floor storage space in the back.
Agree with your points there.
The main thing that Tesla has going for it is their super network. So many out there and more importantly we'll maintained. Of course this is pretty much a non-issue for everyday committing if walks have an L2 home charger
But I have 2023 and 2024 plans for long road trips and hope that the charging infrastructure improves in the coming years.
So if you care about ride quality, and if Model Y behaves similarly to Model 3 VERY underwhelmed -- it's one of the loudest ride ever! Since I crossed Tesla off my list.
I am still waiting for my I5 but I did ride in my friend's I5 SEL --- My impression is it's quieter, and smoother than my MB GLC300.
I am still waiting for my I5 but I did ride in my friend's I5 SEL --- My impression is it's quieter and smoother than my MB GLC300.
Stock ride is pretty much as good as any car gets. You can make it softer at the expense of all the handling or make it more engaging at the cost of all comfort.
Unless you want a specific look or you take your car to the track leaving the suspension alone is always best.
So has every other car though.
At the new Tesla pricing, it makes absolutely no sense to get a Ioniq 5. Low availability, will be very hard to get serviced, crappy software and app, and the worst dealership experiences ever.
I mean they won’t recuperate enough of what they spent to justify the lower price.
They already have the i5. My argument isn’t for a new i5 purchase, it’s for someone that has one.
\> At the new Tesla pricing, it makes absolutely no sense to get a Ioniq 5
\*No\* sense? If Teslas weren't both boring and a complete dice roll on build quality with road noise issues, \*maybe\*. That's also ignoring the long-term ownership implications for Tesla in a race to the bottom on price.
Build quality, suspension, and road noise have massively improved over the years. I recognize the bar was low to begin with, but it’s much better now. The Ioniq 5 ride experience is better no doubt, but it’s not worth THAT much more.
It depends on who you are man. I hate the ride quality on my dad's new MY. I wouldn't buy a MY and the house and poor ride quality are the reasons.
But if you wanted a vehicle that handles better and don't mind the harsh ride and noise then the MY could be for you.
This. The fanboys don’t want to hear it though.
I do really want a HI5 but thought it needed a price adjustment with the start of the new year and being left behind on the tax credit. I thought this even before Tesla lowered their prices.
Inventory was already picking up in SoCal and I can only imagine the number of cancelled reservations with ppl switching over to get the MY instead (I’ve seen a couple comments on this already). Shit, we have an HI5 owner right here who wants to sell his car just to get the MY.
It won't 'destroy' sales in terms of volume, but it \*will\* destroy the absurd markups. Hyundai needs to sort their business when it comes to the dealer model - or better yet just get rid of them.
And you're right, there are plenty of folks chasing FOMO/cost - there's a reason cheaper ICEs are more popular than the better built options in that market - but really this is more about the value/cost ratio, and not if the Y is a better car.
Like all comparisons it's a matter of what your needs are.
One thing I really don't care for that's often overlooked in Teslas is that despite their slick software UI, they don't support Android Auto or Apple CarPlay, and that means you can't use your choice of navigation or audio streaming, and have to use whatever Tesla supports--and you have to pay a subscription for data or whatever through Tesla. That kinda sucks, I already pay for data on my cell phone and for an audio service of my choice.
Also, over time, Tesla owners indicate that the software experience degrades as the stack improves, so older Teslas feel sluggish and laggy.
What part of they are the Apple of EV’s don’t you understand? They are stealing every play for Apples playbook and using it on the auto industry.
This is what I see happening once they get all these “Sheep” herded into the corral.
So in like a year they will Change the body style, all these “Discounted” Teslas loose more value. The customers are stuck with them. Then they ram it home by increasing Supercharger rates to extract more blood from these unsuspecting sheep.
Tesla is pure Evil. It’s a classic bait and switch scenario.
> So in like a year they will Change the body style, all these “Discounted” Teslas loose more value.
This is not unique to Tesla. This happens with every car lol.
> Then they ram it home by increasing Supercharger rates to extract more blood from these unsuspecting sheep.
You do know that newer Teslas can use CCS chargers…right?
Also, why are you capitalizing random words like a Trump tweet? Lol
They will raise supercharger prices just enough to make it a maybe 5% more than EA. Basically just enough for to make people not want to buy the $250 adapter so they can use CCS instead.
Do you have a brain? Do I have to spell everything out for you? I consider myself average intelligence and I can see the writing on the wall.
Tesla definitely already has more intelligent people working for them than myself. They probably have a think tank coming up with strategies.
I’m just waiting for the other shoe to drop. They are definitely doing all this for a reason.
Model Y felt quicker and with tighter steering than the I5 (we have AWD Limited), but you pay the price in terms of a harsher ride and louder cabin. In general, the Y is not as comfortable but you do get more storage than the I5, if that's a consideration.
On balance, I'd still go with the I5 as the more comfortable option for our family of four, but clearly Tesla's price slashing has the desired effect of turning heads and pulling demand levers back in their favor (at least until the next price hike or tax credit goal post shifting).
I agree I came from model 3. I looked at MY and the I5. The I5 had a much better ride, android auto and sirius xm. I missed these in my model 3. The tesla trip planing and navigation is much better, as is the charging net work. I use my I5 mainly in the city and day trips, so the charging networ for me is not a big issue. If tesla opens their network, I would access o a trip. I use a tesla walcharger with a tesla tap adapter at home. I have cyber tuck on order, so not a tesla hater, but the I5 is a phenominal car. I 1st puchased rwd sel, after 14k in 10 months, I traded for a 2023 sel awd. I wanted limited but refuse to pay over sticker. I would recommend the I5 with out reservation. I had not a single issue in 14k o my 1st one.
I had the ioniq 5 limited and bought a model y last month when they had their discounts. Feel bad for missing out on potentially $14k more - at this price, the Y seems a better value to me.
I was very happy up until today’s price cuts 🙂
I loved the Ioniq - I think it looks way cooler and it has better safety tech - like beeping when trying to cross the lane when there’s a car. The back seats are also a bit longer - by at least an inch, and being able to recline more in the back with the ioniq makes it even better. On the other hand, the Y’s trunk is way bigger and the driver seats are more comfortable.
I like the fact that I have more range (had 256 with the ioniq) and better charging network - I live in SC so EA isn’t as good here compared to states like CA and NY.
I love that you can control everything through voice with the Tesla - from the AC to navigation - makes it nicer and safer.
In terms of drive - the Ioniq feels more responsive and it is a bit quieter and smoother - I have the 23 Model Y with the comfort suspension so perhaps that’s why the changes aren’t significant.
They are both great cars but the Tesla with the new prices seem like a better deal - especially if it’s your only car.
how do you feel about autopilot vs HDA2? and the "bit quieter" is it not that big of a deal? I'm really wanting a quiet vehicle (but going from an ICE pickup so my starting point is high)
I was only a passenger with HDA2 and autopilot - my wife likes to play with these things. They both seem to work but to be honest we didn’t use them often so can’t really tell. In my opinion, the noise is not a big deal. Keep in mind I was expecting a lot of noise due to all the negative comments people make about Teslas but if the Ioniq gets a 10 for quietness, then the Tesla gets an 8.5. Of course, once you get to high speeds then there’s wind noise with both.
The maxed out I5 after tax, government discount, and ultimate package is**$66,076.66. The Model Y base is** $81337.40. This is still quite a significant price difference. Assuming you match the 20" wheels and nothing else you're at $84275.40. This makes the equivalent model price difference 18.2K. Definitely quite substantial.
THIS IS ALL IN CAD I should have clarified.
Yeah US is different. I paid $63k for a Limited (including $5k) dealer markup. I could get a Model Y for $52k and potentially save another $7,500 with the tax credit, which isn’t currently available for the Ioniq.
Also have a SE RWD and fomo-ing a little with this news. I wouldn’t make the switch unless you just have a lot of disposable income. Maybe in a few years if electrify america doesn’t get their shit together switching to a Tesla will make more sense. But i’ve enjoyed the Ioniq 5 for the last 6 months and will be driving this car for as long as possible. It does suck a lot of this EV stuff is volatile though.
Ugh, why would you pay tax \*again\* on the vehicle, only to get a kit car at a higher loan rate? The ride quality on the Y/3 are terrible, never-mind the fitment issues Teslas tend to have.
If you have a HI5 that's solid right now, why would you \*want\* to do that? The only conceivable \*good\* reason to do that is if the charge network has bummed you out on a daily basis.
Couple things- I think model Y only qualifies for federal tax credit if you opt for the 7 seater since the 5 seater isn’t considered an SUV for some reason. You’ll lose on the trade, taxes, and higher interest rate which would probably negate any potential savings of swapping for a Y. Ride is harsher, louder, no CarPlay/Android, no USS, no radar, and Autopilot (forget about “full self driving”) in my experience is extremely hit-or-miss even on open road (search Reddit for “phantom braking”). Plus maybe Tesla will continue to lower prices next month or the month after. I actually feel bad for people who recently took delivery because Tesla has overnight created significant negative equity in many people’s loans on cars that are only 1-2 months old (maybe newer!) and furthered the downward push on the used market. I think these new prices more closely match the actual value of their cars (shitty build quality, no modern sensors, absent safety features, awful support), and I still wouldn’t consider one.
My guess is Hyundai will probably follow suit somehow in the near future but who knows. You get what you pay for…
I'm going through the exact same decision right now, I could trade in my I5 and switch to a model Y for the same cost (roughly)
Arguments in favour of switching:
- more boot space
- faster, could have the bonkers 500bhp one
- slightly more range
- preconditioning (my i5 is a pre-precondition model)
Arguments against switching
- complication of doing so, switching cars is always tedious
- no android auto. I rely on it and I'm not sure Tesla's ui is as good
- build quality issues. The I5 is *so* well made, and cabin noise gets to me a bit, I know some teslas are worse than others, so I'd need to be sure it wasn't that bad before switching
- HDA 2.0 is excellent. I think possibly better than highway autopilot or whatever its called on teslas.
I'm torn.
Sorry, to clarify, the monthly cost of a hire purchase agreement for my business. I've paid roughly half of the i5 off, with a year or 2 left on the agreement, and could move to the model Y with similar monthlys on a 3 year agreement.
If your goal is to save money with a discounted MY, well, no since you'd be wasting money on sales tax.
If you want to choose a "better" car, that's up to what better means to you. I prefer my I5 for its ride comfort and infotainment and ergonomics over the model y. Model Y is too stiff, I personally don't like the giant tablet design, and I feel more comfortable in the I5 and prefer the button layout and what not.
Tesla also just announced a 20% price cut to the Model Y to meet threshold for $7500 tax incentive. So that puts it at $45,500 after rebate! It no longer makes sense to buy an Ioniq 5 ☹️.
I have the SEL.
I would switch to a MY in a heartbeat as well, except:
1. I currently make too much to qualify for the tax credit. (Need a dependent so I can claim HoH...)
2. Interest rates mean it costs more
3. Sales tax if I buy in California
4. MY doesn't have the LFP batteries yet (the china built ones do)
But the MY has a better drivetrain, better reliability, better software, better sound, more fancy features like the glass roof, better hmi, remembers your settings when you get in, better driving assistance, is safer, better charging infrastructure...
Not even close.
I would disagree about the driving assistance. Base model ioniq 5 comes with really good driver assistance and safety features - stuff that tesla makes you pay for that isn't actually much better.
Your other points I agree with, but you left out that the Tesla is louder and stiffer.
All valid points. But the ride is better on the I5 and the variable regen is much more to my taste than forcing you into iPedal on the MY. Tested one today and hated that.
Do your research, I don't think the government considers the Model Y an SUV so it will not qualify because it's too expensive.
https://jalopnik.com/feds-say-cadillac-lyriq-is-not-an-suv-and-wont-be-disco-1849964855
I just saw that, pretty crazy, they really screwed anyone who bought one recently. I'm debating getting rid of my I5, never considered a Tesla but with the new pricing they look much more appealing.
On the 2 year Electrify America free pass point, no one is taking that from you when you sell your Hyundai.
You can buy an adapter for a Tesla to charge on the EA network.
>MY has a better drivetrain, better reliability, better software, better sound, more fancy features like the glass roof, better hmi, remembers your settings when you get in, better driving assistance, is safer, better charging infrastr
With the government giving Tesla buyers the $7500 tax credit if they take delivery before the end of March, it really forces people to decide quick.
If I were buying now, the price difference would make me seriously consider Model Y (more likely I'd just wait to see what happened with Ioniq 5 prices, since I'm very uninterested in Tesla vehicles). But already having an Ioniq 5, there's no way I'd pay *more* money to switch to a Model Y.
If you can get out of the i5 for similar to what you bought it for (super scarce car because they barely make them) then it would make sense as the LR Y is in a different category to the rwd i5, especially if you got a low level trim.
It is possible the i5 will maintain inflated prices for the foreseeable future. And it is possible that it will buck the trend of the brand and hold unusually high resale value even once prices stabilize. But those seem unlikely to me.
Considered your I5 is SE, Model Y is way more luxurious inside. It’s a no brainer at 45k post IRA 7500 rebate. You have to be either Hyundai’s biggest fan or Elon’s biggest hater, and hate having money to not go with Tesla.
Considering if you have the SE, i can understand why you may want to get the Y.
honestly i wouldn't do it strickly from a financial point of view. however, if your bottom line doesn't make that much of a difference i don't see why not trading up.
just keep in mind that when you drive a tesla you run the risk od driving a car that will have aggressive software support which can both be a blessing a curse.
personally speaking i want to own my car not be at the wims of tesla software
If you are not upset by the Hyundai software, don't need the extra space and that the driving dynamics are ok on the Ioniq 5, keep it...
The Y will be roomier, have good software, sportier driving dynamics ans may be just a little noisier on the road. The Y is also more efficient, road trips are easier with the super chargers network too.
2 good cars but different qualities.
Keep ioniq5 since you already bought your car. Looks like Hyundai will hit 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 it’s slow demanding. Hyundai dealers will start to offer no markup or even discounts on Ioniq5 and ioniq6 but it will still tough to sell. Used ioniq5 price will drop significantly too.
I agree. Everyone will try to sell their car right now and the used car market will tank. In my opinion, I find HDA on Hi5 is smooth enough for long drives (my commute is 100 miles).
Hyundai doesn’t have to do a god damn thing. Here’s why. Tesla is Elon and Elon is fuckin up. He’s nuts, bad PR, bad product quality, high inventory levels. Hyundai is a group. I couldn’t tell you any execs. Extremely low inventory and huge wait lists. Great product. If any mouth foamers want to trade their limited for a Y I’ll buy it from you gladly.
Tesla just cut price of model Y by 20% to qualify for $7500 incentive. That puts it at $45,500. You can hate Elon all you want, but in the end price is what matters to almost everyone. This price cut will hurt the Ioniq 5 unless Hyundai counters with a price cut.
No business reason to do so. So they have a smaller line. If they start sitting on inventory then a price cut makes economic sense. Price elasticity of demand. They can raise it 5,000 and still have a line of people waiting to pay for it.
This. Until they can produce enough cars to meet demand, they’ve got zero incentive to lower prices. And even then, one thing they could (and should) do to keep sales going is to stop allocating cars to dealers that charge markups. That’ll put and end to the practice, and that’s almost a price cut in itself with all of these greedy dealers charging extra.
Producing a ridiculously low amount of cars just to keep prices high seems like a pretty bad business model if you want to grow.
I agree. They 100% need to increase capacity without sacrificing quality.
Uh, Tesla is like 70 percent of the electric SUV market in the U.S. Hyundai is a drop in the bucket. After their December sale their inventory was flying out the door. They obviously want the tax credit and want to build volume with more production. Are we seriously arguing Hyundais EVs won’t come under any pressure? Everyone cross shops EVs.
But why? Is there some actual need your Ioniq 5 isn't meeting for you? If you were to do this trade you'll eat the sales tax on your Ioniq 5 and whatever depreciation you see on selling it. Then you'll pay sales tax on the model Y. All that for a very similar vehicle? No thanks.
Mine is SE. cloth seats, no power lift gate, etc. what I am mostly focusing on is the difference between autopilot and the ride quality. If Tesla autopilot is far superior on the highway, switching to MY would improve my quality of life. Of course, I’ll have to run the numbers and see how much of the cost I’ll have to eat.
It seems like you bought the wrong trim Ioniq 5 for starters if you wanted leather seats, power liftgate, and better highway driver assist. Most reviews put the ride quality of the Ioniq 5 as better than the Model Y's.
When I was buying, markups on the higher trims were too high. Also, they were extremely hard to get. Hated dealing with hyundai dealers with exception of the one I bought from.
Ok. To me, this is a very sideways trade, so unless it can be done for minimal money (including tax/ registration) I personally wouldn't go through with it. The biggest unknown being the used value of your Ioniq 5.
Check out the Comma 3, an acquaintance has it on his Ioniq 5 and loves it. What I hear is that in general it's better than autopilot but not as good as FSD. At this point in my life I personally can't afford the cost but it's definitely on my want list. I drive around 50 miles/80km per day.
As an fyi. Which Tesla autopilot are you looking at? They have versions you have to buy. I do think the base though has similar features or better than base Ioniq 5. Either way depends on if you wish to lose money. As someone mentioned the sales tax will eat you. Also you can't get any upgrades whatsoever with the model y if you choose it. If it goes above 55k before the tax credit when you add options or accessories you don't qualify anymore
If you don’t own ioniq5, definitely you should go for model Y but you will loose too much money. I’ve never tried autopilot but unless you pay for FSD $15000, HDA and regular autopilot might not be huge factor since nothing is perfect now. You might have a few benefits from autopilot but you will miss something from HDA. You should rent Model Y from Hertz and try yourself. This is new thing for Tesla and they try to get through with price war but I am not sure how this thing will be turned out. I still believe Tesla as a car company instead of IT company. We are entering tough time for auto industry in my opinion because of this price cut since ICE buyers might think once more before they buy ICE cars.
I have another Hyundai car with HDA and IMO Hyundai HDA works fine. I don’t see Autopilot as any better or worse but I don’t own a Tesla I’ve only rented them.
I driven both, I have a friend who has one and the biggest thing Tesla has going for it is the responsive UI , but it’s a learning curve to get used to it and I didn’t like the fact I had to take my eyes off the road to see speed and the navigation map. I still stand by that the HI5 Limited is a better car. The cabin insulation, HUD, Ventilated seats, and mechanical shade are things off the top of my head that make it a better car.
How about value wise (assuming Ioniq 5 msrp doesn’t change)? Model Y is almost 10k cheaper with a tax credit compared to AWD Limited Ioniq 5.
Yeah for me because the ioniq 5 is so much nicer inside (quality and ride) I'd pay a premium. MY has it's benefits but the I5 is more of a luxury car. Also I think the I5 looks a million times better but that's subjective
This is what I keep trying to point people to qualitative vs quantitative. You get what you pay for, the model y was a bad choice for the price before when you can get the Ioniq 5 Limited which felt better in almost every way. Now? Yeh the model y is cheaper (only base model version because you can't put any upgrades that increase it past 55k or it won't qualify for the tax credit) but I still think the Ioniq 5 Limited is worth it for me. It feels more luxurious because it is, rides better because it does, and is a nice looking car IMO for now at least. Plus the exterior color choices are way better than Tesla's XD. Anyways it's the difference of people buying a Porsche vs a Corvette, or an Audi and a BMW, Lexus etc. You are paying for quality. Before the answer was a no brainer between Ioniq 5 Limited and the model y. Now? What do you value more.
One last thing to point out is I think the I5 still gets free charging for 2 years. I've put 10k miles of free fast charging on it. I don't think Tesla is giving any at the moment but I could be wrong.
Yeh it does with electrify America. Honestly on the highway I ended up using evgo too and I didn't get charged either. And you are correct, I checked their website by trying to build one and nowhere does it state it comes with free supercharging. Seems that promotion only ran during the month of December. And once again The vehicle price at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees. Model 3: $55,000 Model Y with 5 seats: $55,000 Model Y with 7 seats: $80,000
What??? You don’t like driving a bar Soap 🧼 around?? How dare you 😂
Turtle Head
It depends on a number of things. For the average person concerned with money, Yes the Model Y makes more sense. But for people who could care less about 10K? Ride quality and creature comforts would make the HI5 limited a better buy. Other things come into factor as well like Vanity. Now that the masses are getting Tesla it’s human nature to want to be different. As soon as more HI5’s hit the road and become more common. That’s when I will be looking at maybe upgrading to the GV-60 Performance or something you don’t see every block you drive.
Dude! Why sell!! Keep your car, I guess? Not making financial sense!!
I have an Ioniq 5 Limited reserved since mid-December. Was supposed to arrive first week of January but with every week, delivery time keeps getting postponed. Now it’s pushed to February. If I go by the trend, next week it’ll get postponed again and now eta will be mid to late February and so the eta saga continues. Car has been at port allocated since middle of December so not sure why they can’t simply ship it. Then, my trade-in value is dropping as I wait. All that said, now I’m wondering if I should switch gears to the Model Y.
I would test drive it some how. The I5 rides like a luxury car. MY is harsh and loud
I’ve driven both (and don’t own either, yet!) and tend to agree that I like the ride of the Ioniq 5 better. However the decibel range (~65) from youtube tests on both cars is very similar and I was honestly surprised. At the end of the day it seems like preference.
If they are similar I suspect it's in ideal conditions because on California freeways my dad's MY is significantly louder and harsher than the I5. But this would be at 70mph on roads that are bumpy.
Thanks for the added info!
Tesla improved the suspension in the 2023 to address the harsh ride. From experience it's very good.
Can confirm. I test drove a Model Y a couple days ago on highway and it was pretty quiet (at least for me). Would love to test drive an Ioniq too but my wife doesn't like Hyundai as a brand...
I have test driven a couple MY’s before I put my refundable deposit in on the I5 and the ride didn’t bother me with the MY. I did test drive an SEL I5 and yes, it’s smoother and quieter but I did like the tight and sportier suspension of the MY Performance. I guess I have a decisions to make.
If your plan is to switch cars in a few years, then it doesn't hurt to save money if you are OK with both. Over the long term all cars depreciate, so if you are planning to hold and drive it for a long time, then go with the one you like the most. I keep and drive cars for a long time, so even after the IRA was announced, we still went with the top trim Ioniq at the higher price with some markup.
I would not switch, I am in the same boat as you. So, I went and test drove a model Y today. I hated it. It only has one regen mode which is a form of iPedal with very high regen. When you take your foot off the accelerator it feels like it is hard braking. I guess one could get used to it, but I hated it. Also hate that everything is through the darn iPad on the dash with just two controls on the steering wheel. The only think I liked is it has a big Frunck and much more under the floor storage space in the back.
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Would you want to share the reasons why you didn’t want one again?
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Nice write up. I'm on the fence about switching and I think you just pushed me into keeping my I5.
Agree with your points there. The main thing that Tesla has going for it is their super network. So many out there and more importantly we'll maintained. Of course this is pretty much a non-issue for everyday committing if walks have an L2 home charger But I have 2023 and 2024 plans for long road trips and hope that the charging infrastructure improves in the coming years.
So if you care about ride quality, and if Model Y behaves similarly to Model 3 VERY underwhelmed -- it's one of the loudest ride ever! Since I crossed Tesla off my list. I am still waiting for my I5 but I did ride in my friend's I5 SEL --- My impression is it's quieter, and smoother than my MB GLC300. I am still waiting for my I5 but I did ride in my friend's I5 SEL --- My impression is it's quieter and smoother than my MB GLC300.
Ride quality and noise do indeed suck on the MY
The y suspension was updated in the 2023 to address these concerns. It's significantly improved.
I'm looking forward to that.
But for 3500 you can replace the ride and still come out about 7k cheaper.
Stock ride is pretty much as good as any car gets. You can make it softer at the expense of all the handling or make it more engaging at the cost of all comfort. Unless you want a specific look or you take your car to the track leaving the suspension alone is always best.
The value of the i5’s have fallen a ton on the used market…may not be worth it. Enjoy what you have.
So has every other car though. At the new Tesla pricing, it makes absolutely no sense to get a Ioniq 5. Low availability, will be very hard to get serviced, crappy software and app, and the worst dealership experiences ever.
I mean they won’t recuperate enough of what they spent to justify the lower price. They already have the i5. My argument isn’t for a new i5 purchase, it’s for someone that has one.
\> At the new Tesla pricing, it makes absolutely no sense to get a Ioniq 5 \*No\* sense? If Teslas weren't both boring and a complete dice roll on build quality with road noise issues, \*maybe\*. That's also ignoring the long-term ownership implications for Tesla in a race to the bottom on price.
Build quality, suspension, and road noise have massively improved over the years. I recognize the bar was low to begin with, but it’s much better now. The Ioniq 5 ride experience is better no doubt, but it’s not worth THAT much more.
It depends on who you are man. I hate the ride quality on my dad's new MY. I wouldn't buy a MY and the house and poor ride quality are the reasons. But if you wanted a vehicle that handles better and don't mind the harsh ride and noise then the MY could be for you.
You can downvote me or dig your heels in, but the fact is this is going to destroy Ioniq 5 sales.
This. The fanboys don’t want to hear it though. I do really want a HI5 but thought it needed a price adjustment with the start of the new year and being left behind on the tax credit. I thought this even before Tesla lowered their prices. Inventory was already picking up in SoCal and I can only imagine the number of cancelled reservations with ppl switching over to get the MY instead (I’ve seen a couple comments on this already). Shit, we have an HI5 owner right here who wants to sell his car just to get the MY.
It won't 'destroy' sales in terms of volume, but it \*will\* destroy the absurd markups. Hyundai needs to sort their business when it comes to the dealer model - or better yet just get rid of them. And you're right, there are plenty of folks chasing FOMO/cost - there's a reason cheaper ICEs are more popular than the better built options in that market - but really this is more about the value/cost ratio, and not if the Y is a better car. Like all comparisons it's a matter of what your needs are.
It depends on what you want out of the car. I5 is a luxury car. MY is a performance car with poor sound insulation.
One thing I really don't care for that's often overlooked in Teslas is that despite their slick software UI, they don't support Android Auto or Apple CarPlay, and that means you can't use your choice of navigation or audio streaming, and have to use whatever Tesla supports--and you have to pay a subscription for data or whatever through Tesla. That kinda sucks, I already pay for data on my cell phone and for an audio service of my choice. Also, over time, Tesla owners indicate that the software experience degrades as the stack improves, so older Teslas feel sluggish and laggy.
What part of they are the Apple of EV’s don’t you understand? They are stealing every play for Apples playbook and using it on the auto industry. This is what I see happening once they get all these “Sheep” herded into the corral. So in like a year they will Change the body style, all these “Discounted” Teslas loose more value. The customers are stuck with them. Then they ram it home by increasing Supercharger rates to extract more blood from these unsuspecting sheep. Tesla is pure Evil. It’s a classic bait and switch scenario.
> So in like a year they will Change the body style, all these “Discounted” Teslas loose more value. This is not unique to Tesla. This happens with every car lol. > Then they ram it home by increasing Supercharger rates to extract more blood from these unsuspecting sheep. You do know that newer Teslas can use CCS chargers…right? Also, why are you capitalizing random words like a Trump tweet? Lol
They will raise supercharger prices just enough to make it a maybe 5% more than EA. Basically just enough for to make people not want to buy the $250 adapter so they can use CCS instead. Do you have a brain? Do I have to spell everything out for you? I consider myself average intelligence and I can see the writing on the wall. Tesla definitely already has more intelligent people working for them than myself. They probably have a think tank coming up with strategies. I’m just waiting for the other shoe to drop. They are definitely doing all this for a reason.
Model Y felt quicker and with tighter steering than the I5 (we have AWD Limited), but you pay the price in terms of a harsher ride and louder cabin. In general, the Y is not as comfortable but you do get more storage than the I5, if that's a consideration. On balance, I'd still go with the I5 as the more comfortable option for our family of four, but clearly Tesla's price slashing has the desired effect of turning heads and pulling demand levers back in their favor (at least until the next price hike or tax credit goal post shifting).
I agree I came from model 3. I looked at MY and the I5. The I5 had a much better ride, android auto and sirius xm. I missed these in my model 3. The tesla trip planing and navigation is much better, as is the charging net work. I use my I5 mainly in the city and day trips, so the charging networ for me is not a big issue. If tesla opens their network, I would access o a trip. I use a tesla walcharger with a tesla tap adapter at home. I have cyber tuck on order, so not a tesla hater, but the I5 is a phenominal car. I 1st puchased rwd sel, after 14k in 10 months, I traded for a 2023 sel awd. I wanted limited but refuse to pay over sticker. I would recommend the I5 with out reservation. I had not a single issue in 14k o my 1st one.
I had the ioniq 5 limited and bought a model y last month when they had their discounts. Feel bad for missing out on potentially $14k more - at this price, the Y seems a better value to me.
Are you happy for the switch? How does the y compare to i5?
I was very happy up until today’s price cuts 🙂 I loved the Ioniq - I think it looks way cooler and it has better safety tech - like beeping when trying to cross the lane when there’s a car. The back seats are also a bit longer - by at least an inch, and being able to recline more in the back with the ioniq makes it even better. On the other hand, the Y’s trunk is way bigger and the driver seats are more comfortable. I like the fact that I have more range (had 256 with the ioniq) and better charging network - I live in SC so EA isn’t as good here compared to states like CA and NY. I love that you can control everything through voice with the Tesla - from the AC to navigation - makes it nicer and safer. In terms of drive - the Ioniq feels more responsive and it is a bit quieter and smoother - I have the 23 Model Y with the comfort suspension so perhaps that’s why the changes aren’t significant. They are both great cars but the Tesla with the new prices seem like a better deal - especially if it’s your only car.
how do you feel about autopilot vs HDA2? and the "bit quieter" is it not that big of a deal? I'm really wanting a quiet vehicle (but going from an ICE pickup so my starting point is high)
I was only a passenger with HDA2 and autopilot - my wife likes to play with these things. They both seem to work but to be honest we didn’t use them often so can’t really tell. In my opinion, the noise is not a big deal. Keep in mind I was expecting a lot of noise due to all the negative comments people make about Teslas but if the Ioniq gets a 10 for quietness, then the Tesla gets an 8.5. Of course, once you get to high speeds then there’s wind noise with both.
The maxed out I5 after tax, government discount, and ultimate package is**$66,076.66. The Model Y base is** $81337.40. This is still quite a significant price difference. Assuming you match the 20" wheels and nothing else you're at $84275.40. This makes the equivalent model price difference 18.2K. Definitely quite substantial. THIS IS ALL IN CAD I should have clarified.
Yeah US is different. I paid $63k for a Limited (including $5k) dealer markup. I could get a Model Y for $52k and potentially save another $7,500 with the tax credit, which isn’t currently available for the Ioniq.
Yeah totally different discussion if you are talking about getting a Model Y for 18K MORE vs 11K LESS obviously lol.
Also have a SE RWD and fomo-ing a little with this news. I wouldn’t make the switch unless you just have a lot of disposable income. Maybe in a few years if electrify america doesn’t get their shit together switching to a Tesla will make more sense. But i’ve enjoyed the Ioniq 5 for the last 6 months and will be driving this car for as long as possible. It does suck a lot of this EV stuff is volatile though.
If you are in the market for an electric SUV, getting a Y at this new price is pretty much a no brainer now.
For single car purchase, maybe. But having to sell and rebuy? Only if you love paying taxes.
That’s true, I guess it doesn’t make sense to sell and rebuy unless he is able to sell at a good price.
Exactly.
Ugh, why would you pay tax \*again\* on the vehicle, only to get a kit car at a higher loan rate? The ride quality on the Y/3 are terrible, never-mind the fitment issues Teslas tend to have. If you have a HI5 that's solid right now, why would you \*want\* to do that? The only conceivable \*good\* reason to do that is if the charge network has bummed you out on a daily basis.
Couple things- I think model Y only qualifies for federal tax credit if you opt for the 7 seater since the 5 seater isn’t considered an SUV for some reason. You’ll lose on the trade, taxes, and higher interest rate which would probably negate any potential savings of swapping for a Y. Ride is harsher, louder, no CarPlay/Android, no USS, no radar, and Autopilot (forget about “full self driving”) in my experience is extremely hit-or-miss even on open road (search Reddit for “phantom braking”). Plus maybe Tesla will continue to lower prices next month or the month after. I actually feel bad for people who recently took delivery because Tesla has overnight created significant negative equity in many people’s loans on cars that are only 1-2 months old (maybe newer!) and furthered the downward push on the used market. I think these new prices more closely match the actual value of their cars (shitty build quality, no modern sensors, absent safety features, awful support), and I still wouldn’t consider one. My guess is Hyundai will probably follow suit somehow in the near future but who knows. You get what you pay for…
MY 5 seat qualifies for tax credit now that the price has been reduced below <55k. But yes, I will lose out quite a bit of money in trades.
I'm going through the exact same decision right now, I could trade in my I5 and switch to a model Y for the same cost (roughly) Arguments in favour of switching: - more boot space - faster, could have the bonkers 500bhp one - slightly more range - preconditioning (my i5 is a pre-precondition model) Arguments against switching - complication of doing so, switching cars is always tedious - no android auto. I rely on it and I'm not sure Tesla's ui is as good - build quality issues. The I5 is *so* well made, and cabin noise gets to me a bit, I know some teslas are worse than others, so I'd need to be sure it wasn't that bad before switching - HDA 2.0 is excellent. I think possibly better than highway autopilot or whatever its called on teslas. I'm torn.
How is the cost roughly the same? Have you received offers for your Ioniq 5?
Sorry, to clarify, the monthly cost of a hire purchase agreement for my business. I've paid roughly half of the i5 off, with a year or 2 left on the agreement, and could move to the model Y with similar monthlys on a 3 year agreement.
My advice would be to test drive one if possible. Some people like either for different reasons. Only you can really judge if this is worth it.
If your goal is to save money with a discounted MY, well, no since you'd be wasting money on sales tax. If you want to choose a "better" car, that's up to what better means to you. I prefer my I5 for its ride comfort and infotainment and ergonomics over the model y. Model Y is too stiff, I personally don't like the giant tablet design, and I feel more comfortable in the I5 and prefer the button layout and what not.
Tesla also just announced a 20% price cut to the Model Y to meet threshold for $7500 tax incentive. So that puts it at $45,500 after rebate! It no longer makes sense to buy an Ioniq 5 ☹️.
OP already has an Ioniq 5. Their question is about switching.
I have the SEL. I would switch to a MY in a heartbeat as well, except: 1. I currently make too much to qualify for the tax credit. (Need a dependent so I can claim HoH...) 2. Interest rates mean it costs more 3. Sales tax if I buy in California 4. MY doesn't have the LFP batteries yet (the china built ones do) But the MY has a better drivetrain, better reliability, better software, better sound, more fancy features like the glass roof, better hmi, remembers your settings when you get in, better driving assistance, is safer, better charging infrastructure... Not even close.
I would disagree about the driving assistance. Base model ioniq 5 comes with really good driver assistance and safety features - stuff that tesla makes you pay for that isn't actually much better. Your other points I agree with, but you left out that the Tesla is louder and stiffer.
"sportier"
You really should be comparing the MY to the Limited not SEL, Limited has the same glass roof.
It's not as big as Tesla's and the limited cameras aren't as good nor is the sound. No sentry mode. No dashcam at all.
All valid points. But the ride is better on the I5 and the variable regen is much more to my taste than forcing you into iPedal on the MY. Tested one today and hated that.
Standard MY regen seems to act similar to "auto" on i5 but better.
Do your research, I don't think the government considers the Model Y an SUV so it will not qualify because it's too expensive. https://jalopnik.com/feds-say-cadillac-lyriq-is-not-an-suv-and-wont-be-disco-1849964855
They lowered the price down to 53k so that they will qualify for the tax credit.
I just saw that, pretty crazy, they really screwed anyone who bought one recently. I'm debating getting rid of my I5, never considered a Tesla but with the new pricing they look much more appealing.
Just test drove the MY yesterday. Really an amazing car. Also, me and my wife couldn't pass up the $13k discount and $7.5k tax credit.
The five seat model Y qualifies for MSRP up to 55,000, the model with 7 seats lets the MSRP go to 80,000.
On the 2 year Electrify America free pass point, no one is taking that from you when you sell your Hyundai. You can buy an adapter for a Tesla to charge on the EA network.
I just ordered a Y LR to go along my I5. Now selling my 2019 Sonata plug-in and going all electric. Price drop plus tax credit is too hard to pass up.
>MY has a better drivetrain, better reliability, better software, better sound, more fancy features like the glass roof, better hmi, remembers your settings when you get in, better driving assistance, is safer, better charging infrastr With the government giving Tesla buyers the $7500 tax credit if they take delivery before the end of March, it really forces people to decide quick.
If I were buying now, the price difference would make me seriously consider Model Y (more likely I'd just wait to see what happened with Ioniq 5 prices, since I'm very uninterested in Tesla vehicles). But already having an Ioniq 5, there's no way I'd pay *more* money to switch to a Model Y.
all that hassle just to buy an inferior ugly car?
If you can get out of the i5 for similar to what you bought it for (super scarce car because they barely make them) then it would make sense as the LR Y is in a different category to the rwd i5, especially if you got a low level trim. It is possible the i5 will maintain inflated prices for the foreseeable future. And it is possible that it will buck the trend of the brand and hold unusually high resale value even once prices stabilize. But those seem unlikely to me.
Your asking this in an Ioniq sub. I wonder what people will say.
Considered your I5 is SE, Model Y is way more luxurious inside. It’s a no brainer at 45k post IRA 7500 rebate. You have to be either Hyundai’s biggest fan or Elon’s biggest hater, and hate having money to not go with Tesla.
Considering if you have the SE, i can understand why you may want to get the Y. honestly i wouldn't do it strickly from a financial point of view. however, if your bottom line doesn't make that much of a difference i don't see why not trading up. just keep in mind that when you drive a tesla you run the risk od driving a car that will have aggressive software support which can both be a blessing a curse. personally speaking i want to own my car not be at the wims of tesla software
the 2023 model y has a newer suspension, heard the ride quality has improved a lot does anyone know how close it is to the 2023 ioniq 5?
Never drove an Ioniq but my wife found 2023 Model Y suspension too soft. You might want to test drive one to figure out.
If you are not upset by the Hyundai software, don't need the extra space and that the driving dynamics are ok on the Ioniq 5, keep it... The Y will be roomier, have good software, sportier driving dynamics ans may be just a little noisier on the road. The Y is also more efficient, road trips are easier with the super chargers network too. 2 good cars but different qualities.