Hyundai offers limited-time finance offer of up to $20,000 to boost sales

Hyundai has announced a new nationwide finance offer for two electric models stocked in Australia to boost sales in Q1 2025.

On in-stock models of the Ioniq 6 sedans and Kona Electric SUVs, thousands of dollars of finance incentives are provided as a “deposit contribution”, which acts as a down payment, helping lower the cost of financing these models through the brand’s dealerships.

On the Ioniq 6 sedan, in-stock new and demo Dynamiq and Techniq variants will get a $15,000 deposit contribution. On the top-spec Epiq variant, this gets bumped up to $20,000.

Similarly, all Kona Electric variants produced before 30 July 2024 get a $5,000 deposit contribution. 

The Driven understands that around 600 units across both models meet the criteria for this offer.

Along with this, a free home charger or DC charging credits via Evie Networks are on offer, valued up to $1,500. 

The home charger is an Autel MaxiCharger Type 2, which is rated at 22 kW and, according to Hyundai, is valued at $1,500.

The Hyundai Ioniq 6 is based on the Electrified-Global Modular Platform (E-GMP), the basis of the very popular Ioniq 5 SUV and the Kia EV6. Retail prices before the on-roads and current incentives range from $71,500 to $87,288.

This platform has several key advantages, including ultra-fast charging speeds. The Ioniq 6, for example, can charge from 10-80% in 18 minutes at a 350 kW charger. 

Sticking to the Ioniq 6, it’s a fairly sleek streamlined sedan, helping it with being efficient. The design of the car boasts a low coefficient of drag at around 0.22 that in turn should provide lower consumption.

Moving to the Kona Electric, which, although unveiled in 2023, did not receive local pricing until January 2024. Current retail pricing before incentives on eligible stock sits at $54,000 for the entry-level Electric variant. This gets bumped up to $68,000 for the Electric Premium variant.

During 2024, sales of both models showed that the Kona Electric saw 1358 sales while the Ioniq 6 saw 374 sales over the 12 months.

To help boost some of the Ioniq 6 sales, rental car giant Europcar revealed plans in November to add 270 Hyundai Ioniq EVs to its rental locations across Australia. This update to Europcar’s EV fleet included adding 120 Ioniq 5 electric SUVs and 150 Ioniq 6 electric sedans.

The current offer on both models is available through the first quarter of 2025, ending 31 March 2025.

This year has started off with a bang, seeing multiple price cuts across new and traditional brands, which is great for drivers looking at making the switch to an EV. More importantly, it would also mean many affordable choices on the used market, making EVs more accessible than ever.