2022 Hyundai Ioniq 5 Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

The IONIQ 5 is a brand new offering from Hyundai. It's an all-electric crossover that looks striking and has so much technology integrated into it. With its excellent range and its potential to be pretty powerful, the IONIQ 5 should keep a lot of drivers happy.

Power and Performance

There are two main options to consider when it comes to the IONIQ 5's powertrain. The first is a rear-wheel-drive system that can make 225 horsepower and 258 pound-feet of torque. The other choice is to get the IONIQ 5 equipped with dual motors, making it an all-wheel-drive vehicle. The all-wheel-drive version has more potential, as it's capable of making 320 horsepower an 446 pound-feet of torque.

Towing capacity is 1,650 pounds, regardless of whether the Hyundai has one motor or two motors. In addition, the IONIQ 5 has drive mode select, a program that lets drivers choose from different modes. The options are Eco, Comfort, Sport, and Snow.

A unique aspect of driving some electric vehicles is the ability to use just one pedal. The IONIQ 5 offers this experience and allows drivers to take advantage of regenerative braking. People can decide whether to enhance this effect or make it more mild, and they would do so by using the regenerative brake paddles. If this effect is enhanced to its maximum level, removing one's foot from the gas pedal can result in a more rapid deceleration, so much so that the vehicle could actually come to a stop without pressure being applied to the brake pedal.

Range and Charging

The industry has made great strides in this area, and Hyundai has made it a point to make charging the IONIQ 5 convenient and relatively quick. The estimated range for rear-wheel-drive models is 303 miles, which is excellent. All-wheel-drive versions have estimated ranges of 256 miles. This range is still pretty good, and it gives people a lot of freedom.

With a standard 240-volt charging system, it takes about seven hours to achieve a full charge. The IONIQ 5 is compatible with many public charging systems as well. Using a 400-volt rapid charging system, it takes approximately 25 minutes to go from a 10% charge to an 80% charge. Using an 800-volt rapid charging system, that time is cut down to 18 minutes.

The Cabin

The IONIQ 5 has a good-sized cabin. It gives rear-seat passengers almost 40 inches of leg room. Behind those seats, there's 27.2 cubic feet of cargo room. Just like with any other crossover or SUV, this Hyundai has rear seats that can fold down, and this would increase cargo capacity to approximately 60 cubic feet.

This model can either have cloth or leatherette seating upholstery. In this way, it's somewhat limited because it doesn't offer genuine leather seats. However, heated front seats and a power-adjustable driver's seat are standard.

Technology is an area in which the IONIQ 5 really stands out. It features two 12.3-inch screens that are side by side and make the cabin feel so futuristic. The display behind the steering wheel shows useful vehicle data, and the center touchscreen comes with SiriusXM, Android Auto, Apple CarPlay, and integrated navigation. Drivers can use the technology to identify charging stations along their routes.

Safety

The IONIQ 5 has been enhanced with advanced safety programs. It's able to sense when there are certain issues, and it can mitigate some situations by making adjustments to steering or speed. The list of standard driver-assist technologies is lengthy. It includes rear cross-traffic collision-avoidance assist, lane keeping assist, highway driving assist, and blind-spot collision-avoidance assist. Plus, the Hyundai has forward collision warning with emergency braking, along with pedestrian and cyclist detection.

While all trims have rear view monitors, the most premium model has a surround view monitor. It also has a blind-spot view monitor.

Trim Levels

Hyundai makes three trims of the IONIQ 5, which are the SE, SEL, and Limited. The SE has plenty of technology to appreciate, as described above, and it has a modern appearance with LED headlights and LED daytime running lights. Its side mirrors are heated, and a cool feature is found on its doors. Like the other trims, it has door handles that are flush with the doors when not in use. When the Hyundai is unlocked, the door handles will pop out.

The mid-level trim is the SEL. It has premium LED front accent lighting and power-folding side mirrors, and it comes with a hands-free smart liftgate. The height of the gate when it's in the open position can be set by the user; this might be necessary if someone parks in a garage with a low clearance. Inside the cabin of the SEL, there are leatherette seats, wireless charging, and a heated steering wheel. The customizable ambient lighting offers a choice of 64 different colors.

The last option is the Limited. It's the trim that features a 360-degree camera, and it looks more distinct with its gloss-black exterior accents. Its rain-sensing wipers are very convenient to have, as are the second-row sunshades. One of the neatest things about the Limited is that it can park by itself, all while the driver is standing off to the side, thanks to the Remote Smart Parking Assist program. Other advantages associated with this trim are ventilated front seats, a head-up display, and a Bose premium audio system.

Note: All Hyundai Ioniq 5 MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.