Hyundai IONIQ 5 Lost Nearly HALF Its Value In Just Over A Year
You could now get an approved-used really low-milage flagship 2023 IONIQ 5 for just RM 143,888.
When the Hyundai IONIQ 5 was on sale here in 2023, the flagship MAX variant retailed for a rather steep RM 270,048. But what if I told you that you could get that exact spec of South Korean e-SUV now with pretty much no miles on the clock for a little over half that?
Well, you’ll probably be crying because you are going to be totally upside down on your loan, if you bought one new then. Or if you hadn’t, you’re probably going to immediately be telling someone that there is a bargain of the century to be had.
And the latter is pretty much exactly what Automacha is here to tell you right now, because in this writer’s this writer’s idle Facebook marketplace trawling, he had stumbled upon a 2023 Hyundai IONIQ 5 MAX with under 1,000 km on the odometer, that is currently being sold by Sime Darby Auto Selection for just RM 143,888!
…or to put it in a more headline-grabbing way, you’re getting yourself a nearly brand-new example of the best EVs around, for a 47% discount from what it would have cost new just over a year ago. Madness!
In fact, just note that at its current RM 143,888 price tag, this slightly-used Hyundai e-SUV is now to be cheaper than a new BYD Atto 3. And without wanting to beat on that value drum till it bursts here, this year-and-a-bit old flagship IONIQ 5 still has all the specs that would easily blow anything that is currently on the market for the price right now.
Take charging for instance, thanks to it being based upon Hyundai’s dedicated 800 V E-GMP electrical architecture, this 2023 IONIQ 5 can DC fast charge at up to 350 kW. This thus sees for its 72.6 kWh battery to top up from 10-80% in just 18 minutes, or net an extra 100 km of range in a 5 minute splash and dash.
And speaking of range meanwhile, the IONIQ 5 Max’s massive 72.6 kWh battery pack is said to yield a WLTP-claimed driving distance of 430 km. This is incidentally slightly more than what both the Atto 3 (max. 420 km) and flagship e.MAS 7 (max. 410 km) offers, with the 305 PS and 605 Nm of torque output by twin motors in this specific spec of Hyundai EV further giving it a blistering 5.2 century sprint time as well.
What more too is that despite the healthy amount of kit on offer in the two aforementioned Chinese e-SUVs, they simply can’t hold a candle though to this Hyundai EV that comes from a class of car above. Among the more premium creature comforts available in the IONIQ 5 MAX includes electrically-adjustable Premium Relaxation seats up front with both heating and ventilation functionality, a 7-speaker Bose premium sound system, a proper 3-pin plug beneath its heated rear seats, a heads up display, as well as twin 12.3-inch touchscreens.
Finally here, need we even have to touch on how amazing the IONIQ 5 still looks today? Just know too that this already awesome look can actually still be further enhanced, by swapping out its stock (and already rather cool) 20-inch rollers for some even cooler aero disks, for a proper cyberpunk rally car aesthetic.
Now in bringing things back down to reality at the end, one has to wonder why the used prices of these IONIQ 5s are so low over here. And this really is a genuine question too, because in the rest of the world at least, these Hyundais are still seen as one of the most accomplished EVs available in the market.
In lieu of actually answering that question though, what should be noted here instead is that for those who perhaps prefer the sleeker IONIQ 6 instead, there are currently similarly new examples of these all-electric fastbacks on the market that have also seen similarly drastic price drops. Anyone fancy a vibrantly blue top-spec one with under 10,000 km on the odometer for RM 148,888?