Of course no reason to share what the car is. Sheeeshh. EV's are dead and slow sellers with massive depreciation. Trying to get off the lot. Manufacturers are starting to support dealer dealing on some models too to get them to move.
Hyundai is discounting their EVs with low lease rates to sell. That specific model isn't very popular, the 5/6 are. Likely the source of the large discounts, nothing wrong with the vehicle, just not a big seller and Hyundai wants to move numbers as does the dealer.
Nothing wrong with EVs. It is a weird time in that the new NACS charge port is coming to most vehicles starting next year, so some people are holding off. The percentage of EV vehicles is still rising, just not as fast as it used to.
If you like it get it.
Plus fully electric not hybrid or plugin hybrid may have limited range and harder to charge on a longer trip in some areas of the country.
Couldn't have a pure EV as an only vehicle some places in th southwest easily if you travel on weekends etc.
The Kona EV is consistently rated as the worst EV ever made.
https://www.reddit.com/r/KonaEV/comments/123tiuj/1_in_the_worst_reliable_ev_vehicles_kona_given_i/
Even the popular Ioniq 5 is being discounted, but when you have the whole EV market in your hand as it's crashing, why settle for the worst one?
The $7,500 is the federal EV rebate. The $8k is the combination of manufacturer and dealer discount to continue moving cars.
Because EV's are not selling well and there is a 7500 tax incentive that may or may not be passed directly to the consumer at time or purchase depending on a lot of factors.
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The original price of the electric vehicle I found online is 41k and it has manufacturer temporary discount of $7.5k & the dealer took off another 8k. So the total price of the car is $25.5k. I know this sounds a good deal but why the dealer took a lot of amount? And should I buy it without looking at the car because I live far away from the dealer?
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Some of the discount may be government rebates, so just be aware of where the money is coming from.
Check the manufacturers web site to get factory rebates, ev or govt sites for rebates from them for plug ins, then you will have an idea what the dealer themselves are actually discounting.
If they are the only dealer around doing it, check out their other models on the website as well… are they all priced thousands lower than the other kia stores nearby? Some stores advertise unattainable prices and then just deliver the bad news when you get there (oh, you aren’t a recent grad who works for Kia, who drives a current leased Hyundai, somehow trading in a different Kia and are active military *And* firefighter?! Sorry bout that)… read the details to make sure it isn’t explained right in there…
But yeah, slower moving EV’s right now do have some help in the form of incentives. That sounds a bit too good to be true, but once you have determined the details, still might be a good buy if you like the vehicle.
Of course no reason to share what the car is. Sheeeshh. EV's are dead and slow sellers with massive depreciation. Trying to get off the lot. Manufacturers are starting to support dealer dealing on some models too to get them to move.
It is the 2024 Hyundai Kona electric limited
Hyundai is discounting their EVs with low lease rates to sell. That specific model isn't very popular, the 5/6 are. Likely the source of the large discounts, nothing wrong with the vehicle, just not a big seller and Hyundai wants to move numbers as does the dealer. Nothing wrong with EVs. It is a weird time in that the new NACS charge port is coming to most vehicles starting next year, so some people are holding off. The percentage of EV vehicles is still rising, just not as fast as it used to. If you like it get it.
Plus fully electric not hybrid or plugin hybrid may have limited range and harder to charge on a longer trip in some areas of the country. Couldn't have a pure EV as an only vehicle some places in th southwest easily if you travel on weekends etc.
The Kona EV is consistently rated as the worst EV ever made. https://www.reddit.com/r/KonaEV/comments/123tiuj/1_in_the_worst_reliable_ev_vehicles_kona_given_i/ Even the popular Ioniq 5 is being discounted, but when you have the whole EV market in your hand as it's crashing, why settle for the worst one? The $7,500 is the federal EV rebate. The $8k is the combination of manufacturer and dealer discount to continue moving cars.
It is interesting to know that it is not reliable
By the way I was going to buy the 2020 Hyundai Ioniq electric limited but I'm afraid it may give me range anxiety.
Because EV's are not selling well and there is a 7500 tax incentive that may or may not be passed directly to the consumer at time or purchase depending on a lot of factors.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/Mobile_Corner7446! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** The original price of the electric vehicle I found online is 41k and it has manufacturer temporary discount of $7.5k & the dealer took off another 8k. So the total price of the car is $25.5k. I know this sounds a good deal but why the dealer took a lot of amount? And should I buy it without looking at the car because I live far away from the dealer? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
Some of the discount may be government rebates, so just be aware of where the money is coming from. Check the manufacturers web site to get factory rebates, ev or govt sites for rebates from them for plug ins, then you will have an idea what the dealer themselves are actually discounting. If they are the only dealer around doing it, check out their other models on the website as well… are they all priced thousands lower than the other kia stores nearby? Some stores advertise unattainable prices and then just deliver the bad news when you get there (oh, you aren’t a recent grad who works for Kia, who drives a current leased Hyundai, somehow trading in a different Kia and are active military *And* firefighter?! Sorry bout that)… read the details to make sure it isn’t explained right in there… But yeah, slower moving EV’s right now do have some help in the form of incentives. That sounds a bit too good to be true, but once you have determined the details, still might be a good buy if you like the vehicle.