The Hyundai Ioniq 5 has quickly become a favorite in the world of affordable EVs, thanks to its unique retro-futuristic design, advanced 800V architecture, fast charging capabilities, enjoyable driving experience, and spacious interior. If you’re considering purchasing a used Hyundai Ioniq 5, there are a few key factors to keep in mind.
One of the main advantages of buying a used Hyundai Ioniq 5 is the significant depreciation the vehicle experiences. With models from 2022 and 2023 typically priced between $25,000 and $35,000, you can get a great deal on a well-equipped electric vehicle. Additionally, some used models may even qualify for the federal tax credit on used EVs, making them even more affordable compared to new models.
When it comes to choosing a specific version of the used Hyundai Ioniq 5, it’s important to consider the different options available. The base model, the SE Standard Range, offers 168 horsepower and a 58 kWh battery pack, while the RWD model provides 225 horsepower and a larger 77.4 kWh pack for increased range. The AWD model offers even more power at 321 hp and 446 lb-ft of torque, although it has slightly less range.
In terms of warranty coverage, Hyundai offers a 5-year or 60,000-mile basic warranty and a 10-year or 100,000-mile powertrain warranty on the Ioniq 5. This provides peace of mind for buyers, knowing that most used models should still have warranty coverage remaining.
There have been some reported issues with the Hyundai Ioniq 5, including a recall related to the Integrated Charging Control Unit causing 12V battery drain. Additionally, some owners have experienced a rattling noise in the rear liftgate and issues with the front wipers. However, these issues are generally minor and can be addressed through warranty coverage.
Battery degradation is a common concern with electric vehicles, but early data on the Ioniq 5 suggests minimal capacity loss over time. Hyundai offers warranty coverage for the battery up to 70% capacity, ensuring that any significant degradation will be addressed.
Ultimately, whether you should buy a new 2025 Hyundai Ioniq 5 or a used model depends on your budget and preferences. While used models offer great value, new models come with additional features and improvements, such as a larger battery and enhanced convenience features. With Hyundai’s current incentives and the availability of federal tax credits, both new and used options present compelling choices for EV buyers.