# Hyundai IONIQ 5 — Used Car Buying Guide

AutoScout's analysis of the Hyundai IONIQ 5 on the UK used-car market. Backed by 33 million DVSA MOT tests, current AutoTrader pricing, and depreciation curves derived from CAP/Glass's Guide data.

Live interactive report: https://autoscout.fyi/cars/hyundai-ioniq-5

## Verdict

- **Best value year**: 2022
- **Ideal trim**: Premium
- **Target mileage**: 30,000–50,000 miles
- **Max previous owners**: 2
- **Target price**: £16,900

## Why this model

The Hyundai IONIQ 5 is a fantastic choice if you're looking for a stylish, practical, and efficient electric family car. It stands out with its retro-futuristic design, spacious interior, and super-fast charging capabilities thanks to its 800V architecture. It's built on a dedicated EV platform (E-GMP), which means it's designed from the ground up as an electric car, offering excellent space and a flat floor. The liquid-cooled 72.6kWh battery is robust, with an expected degradation of only ~1.8% per year, meaning a 5-year-old model should still have around 91% of its original capacity, giving you plenty of usable range for years to come.

## What you should pay

The used EV market has seen significant adjustments recently, making cars like the IONIQ 5 much more accessible. A 2022 model with around 30-50k miles is currently a sweet spot, typically trading around £16,900. This reflects the broader market softening, particularly after Tesla's price cuts, which has driven down values across the board. The IONIQ 5 offers excellent value at this price point, considering its advanced technology and premium feel. Its liquid-cooled battery system helps maintain battery health, which is a key factor in long-term value retention.

## Which trim to buy

The 'Premium' trim hits the sweet spot for value. It adds a lot of desirable features over the entry-level 'SE Connect' like heated front seats, a heated steering wheel, power-adjustable driver's seat, a larger 12.3-inch digital instrument cluster, and Vehicle-to-Load (V2L) capability, which lets you power external appliances. You get a significant upgrade in comfort and tech without jumping to the 'Ultimate' trim's higher price tag, which often includes features like a panoramic roof and ventilated seats that not everyone needs.

## What to check before you buy

- 12V battery drain (common EV issue, often due to software or parasitic draw)
- Infotainment system glitches (usually resolved with software updates)
- Tyre wear (due to vehicle weight and instant torque, especially on larger wheels)
- Some reports of charging port issues (rare, but worth checking for proper connection)

## Running costs

Running an IONIQ 5 can be very cost-effective, especially if you can charge at home on a smart EV tariff. With a real-world efficiency of about 3.2 mi/kWh, charging on an Octopus Go or Intelligent Octopus tariff (around 9p/kWh overnight) will cost you roughly 2.8p per mile, or about £282 per year for 10,000 miles. On a standard home rate (Ofgem cap 24.5p/kWh), it's about 7.7p per mile, or £767 per year. That's a saving of £485 annually! Public rapid chargers (70-85p/kWh) are much more expensive (21.9-26.6p/mile), so try to avoid relying on them daily. Road tax for EVs is free until April 2025, after which it will be £195 per year. Insurance costs will vary but expect it to be moderate for a family EV, typically in the £600-£1000 range depending on your personal circumstances.

## Key stats

- **Fuel Type**: Electric
- **Horsepower**: 217 hp (RWD) or 305 hp (AWD)
- **Mpg**: N/A (Electric)
- **Reliability Score**: Excellent (4.5/5)
- **Safety Rating**: 5-star Euro NCAP (2021)

## Trim comparison

| Trim | Price new | Price used | Key features |
| --- | --- | --- | --- |
| SE Connect | £43,000 | £15,000 | 12.3" touchscreen infotainment; Apple CarPlay/Android Auto; Rear parking sensors |
| Premium | £46,000 | £16,900 | All SE Connect features plus:; Heated front seats; Heated steering wheel |
| Ultimate | £50,000 | £19,500 | All Premium features plus:; Leather upholstery; Ventilated front seats |

## Depreciation forecast

| Year | Estimated value | Retention |
| --- | --- | --- |
| 2026 | £16,900 | 0% |
| 2027 | £15,041 | 11% |
| 2028 | £13,537 | 20% |
| 2029 | £12,058 | 29% |
| 2030 | £10,852 | 36% |

Buying a used IONIQ 5 now means you're past the steepest part of its depreciation curve. EVs, especially newer models, have seen significant value adjustments, so you're getting a lot of car for your money. The initial owner took the biggest hit, and now the depreciation rate is much more stable, making it a smart purchase for long-term ownership.

Total value lost since new: 36%.

## Alternatives to consider

- [Kia EV6](https://autoscout.fyi/cars/kia-ev6.md)
- [Skoda Enyaq](https://autoscout.fyi/cars/skoda-enyaq.md)
- [VW ID.4](https://autoscout.fyi/cars/volkswagen-id4.md)

---

Source: AutoScout (https://autoscout.fyi). Part of a review of the UK used-car market across 500+ models.