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2020 Hyundai IONIQ Hybrid and Plug-in Hybrid review

The complete Hyundai IONIQ review.

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finder score: 81.25%

Avg. critics score: 81.25%
4 critics
How did we calculate this? We analysed and aggregated the scores of CarsGuide, Chasing Cars, CarsGuide and Car Advice to bring you the finder.com.au score. This is a comprehensive score that brings together the four different expert ratings you see below.
finder.com.au is personal finance comparison site that provides you with the tools you need to make better decisions. Learn
how we work and how we make money.

Critic reviews

WebsiteRatingNotable quotes
CarsGuide (Hybrid)78% (2 scores combined)"I still think the PHEV is the one to go for, because if you're a "standard" 30km-per-day city commuter with easy access to a power plug, you'll never need a petrol station until you take a long trip."Read more
Chasing Cars (Hybrid and PHEV)90%"Hyundai offers both a hybrid and plug-in hybrid, both for a lower entry price than the electric version. It's a big claim, but we believe the future starts here for Hyundai in Australia."Read more
CarsGuide (PHEV)78%"Now I've had the chance to test all the Ioniq's drivetrains back-to-back, I can tell you the PHEV version might actually be the best, most sensible hybrid option for Australian consumers."Read more
Car Advice (PHEV)79%"The Hyundai Ioniq plug-in hybrid will do 60km on electric power, and has a petrol engine servicing as backup."Read more

How does the Hyundai IONIQ Hybrid compare with its peers?

Name Product Number of seats Boot displacement ANCAP rating Price (from) Finder Score
Tesla Model S
5 seats
804L
5 stars
$111,400
88.5%
Porsche Taycan
5 seats
5 stars
$280,300
87.75%
Tesla Model 3
5 seats
542L
5 stars
$83,400
83.5%
Polestar 2
5 seats
5 stars
$59,900
83.25%
Hyundai IONIQ
Green Company
Hyundai IONIQ
5 seats
357L
5 stars
$48,970
82.25%
Hyundai Kona Electric
5 seats
332L
5 stars
$58,500
82%
MG ZS EV
5 seats
359L
5 stars
$43,990
82%
Nissan Leaf
5 seats
5 stars
$49,990
76%
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A comprehensive review of the Hyundai IONIQ Hybrid

Pricing

Hyundai's IONIQ Hybrid range comprises two different trims, Elite and Premium.

Hyundai IONIQ Hybrid Elite

The entry-model Hybrid Elite starts from $39,001.

Key highlights for this model include 7 airbags, 15-inch alloy wheels, 10.25-inch touchscreen, satellite navigation, 8-speaker Infinity premium sound system, a rearview camera, rear parking sensors, Apple CarPlay and Android Auto, paddle shifters for the transmission and regen braking, a leather-appointed steering wheel and gear shifter, a smart key with push-button ignition, DAB+ digital radio, dual-zone A/C climate control and LED ambient dashboard lighting.

This model also has Hyundai's SmartSense safety suite.

Hyundai IONIQ Hybrid Premium

Moving up to the confusingly named Premium model (because the definition of the word elite surely means it should be superior), Hyundai asks for $44,407.

The main standouts of this model are larger 17-inch alloy wheels, front parking sensors, leather-appointed seats, Qi wireless smartphone charging, a tilt and slide sunroof, driver's seat Integrated Memory System (IMS), heated and cooled front seats, alloy sports pedals, dual-zone A/C climate control with an auto-defog setting and an Electronic Parking Brake (EPB) with auto-holding.

In terms of extra safety features, the Premium model gets Smart Cruise Control (SCC) with Stop and Go, Lane Following Assist (LFA), as well as rain-sensing wipers.

Hyundai IONIQ Plug-in Hybrid Elite

The entry point to the Plug-In IONIQ is the Elite trim, which commands a price tag of $46,651 and up.

This model has 7 airbags, smart key and push-button starting, an 8-inch satellite navigation system, Apple CarPlay and Android Auto phone compatibility, an 8-speaker Infinity audio system, DAB+ digital radio, rear parking assist, a rearview camera and 16-inch alloy wheels.

A standard inclusion is the Hyundai SmartSense safety suite.

Hyundai IONIQ Plug-in Hybrid Premium

For the top of the line Plug-In Hybrid Premium, Hyundai charges from $51,407.

In terms of features, this model gets leather-appointed seats, driver's seat power adjustment and an Integrated Memory System (IMS), heated steering wheel and front seats, air vented front seats, a wireless Qi-standard phone charging pad, a tilt and slide glass sunroof, front parking assistance, an electro-chromatic mirror and LED low-beam headlights.

Servicing costs

Buyers can also pre-pay for servicing, with 3 years Hybrid maintenance costing $795 (or up to 45,000kms), and 5 years (up to 75,000kms) priced at $1,525. The Plug-In IONIQ shares the same servicing fees.

Warranty

Both the Hybrid and Plug-In Hybrid have an 8-year battery (up to 160,000km) warranty, as well as a 5-year, unlimited-kilometre general warranty.

All IONIQ variants have a 5-star ANCAP safety rating.

Click on a price to compare car loans for the Hyundai IONIQ.

Hyundai IONIQ Hybrid EliteHyundai IONIQ Hybrid PremiumHyundai IONIQ Plug-in EliteHyundai IONIQ Plug-in Premium
1.6-litre petrol, 6-speed automatic, 1.56kWh, FWD: $39,0011.6-litre petrol, 6-speed automatic, 1.56kWh, FWD: $44,4071.6-litre petrol, 6-speed automatic, 8.9kWh, FWD: $46,6511.6-litre petrol, 6-speed automatic, 8.9kWh, FWD: $51,407

Paint colour options are:

  • Polar White (Free)
  • Fiery Red ($510)
  • Intense Blue ($510)
  • Amazon Gray ($510)
  • Fluid Metal ($510)
The above prices are maximum estimated driveaway prices for the Hyundai IONIQ Hybrid/Plug-In in NSW postcode 2000. They include:
  • Manufacturer List Price (MLP)
  • 12 months registration
  • Compulsory Third Party insurance (CTP)
  • Delivery charges
  • Stamp duty

Overview

Generally, car reviewers felt the IONIQ was an affordable, practical and well made hybrid car. It certainly seems to rank as one of the better ones in its (relatively small) class. Buyers will appreciate the high specification, decent build quality and impressive range (of the PHEV), plus the savings to be made at the bowser.
WebsiteProsConsNotable quote
CarsGuide (Hybrid)
  • No charging worries
  • Astounding fuel economy
  • Corolla/Prius hybrid rival
  • Rear seats fine for up to medium journeys
  • Sloping roofline
"Hyundai has addressed a few of the launch car's missteps, made it slightly better looking, given the interior a bit more wow and left the best-selling drivetrain alone. It's a great option and dukes it out with both the Corolla Hybrid and that slab-sided uggo, the Prius."
Chasing Cars (Hybrid and PHEV)
  • Plug-in pricing
  • Roomy interior
  • Practical passenger compartment
  • Ride and handling
  • Hybrid price
  • Kona has more tech
  • Humdrum cabin styling
"This is a range of cars that offers stellar economy, low running costs, high levels of comfort and strong familiarity: there's no learning curve here."
CarsGuide (PHEV)
  • Bridges the gap to EV
  • No range anxiety
  • Expansive safety and multimedia features
  • Pricing
  • "Eco" styling
"I hopped out of the Ioniq PHEV impressed with how much it makes sense for Australians. You can approach a 0.0L/100km fuel figure with daily charging and commuting, and when you need to commit to an intercity drive, you'll have a range that exceeds 1,000km."
Car Advice (PHEV)
  • EV driving range
  • Australian ride and handling
  • Servicing expenses
  • Warranty
  • ICE cars are cheaper
"Yet, it's easy to imagine a vehicle that (a) does your Monday to Friday commuting as an EV, (b) can be quite quickly charged from a wall box or just your regular wall power plug, and (c) can also take you as far as you like on weekend getaways with no planning required, will make fans."

Motor and performance

Under the bonnet, Hyundai installs a 1.6-litre, 4-cylinder, Atkinson cycle petrol engine. According to the specs sheet, it will accept 91RON petrol or E10. This engine is common across the entire hybrid range. It outputs 77kW @ 5,700RPM and produces 147Nm of torque at a fairly revvy 4,000 RPM.

Where things vary is the electric motor that works along with the engine. Hybrids get a 32kW capable electric motor, while the Plug-In IONIQ has a more powerful 44.5kW able motor. Both electric powertrains generate 170Nm.

Weirdly, Hyundai rates both model's combined output as 104kW and 265Nm. In terms of batteries, the hybrid uses a modest Lithium-ion Polymer (LIPo) cell, with a total capacity of 1.56kWh, operating at 240V. Meanwhile, the Plug-In also has a LIPo battery, but it's much larger, at 8.9kWh and has a higher running voltage at 360V.

Hyundai IONIQ transmissions

Managing the combined power output from the electric motor and engine is a six-speed automatic transmission, which is a dual-clutch gearbox. That means it should be more efficient and change cogs quicker, thanks to a dedicated clutch for the odd and even gears.

Car reviewers' impressions of the Hyundai IONIQ Hybrid and Plug-In Hybrid engine and transmission line-up

Hybrid
Motoring experts who drove the Hybrid said it was a bit sedate, but remarked that it was possible to take off in electric mode only. That's provided you're super light with your throttle pedal pressure. The same tester also decided the regen braking paddle shifters implementation wasn't as well executed as the Plug-In. They finished by stating the Hybrid was still satisfactory, likening it to any other modestly powered hatchback.

According to one reviewer, this model had a one kilometre electric range, but it seems that the engine is always poised and very eager to kick into action. This motoring journalist also determined there was ample power and drive for everyday trips around town. They also praised the gearbox and its refined gearshifts.

Plug-In Hybrid
The Plug-in is also reportedly not especially speedy, though testers noted it was more than sufficient for public roads. Additionally, the transmission is described as smooth and even. Another journalist backed this up stating that it wasn't rapid, but taking into consideration the more conventional automatic transmission type, they preferred it to key rivals which use a droney CVT-style gearbox.

It was also discovered that when using sports mode, the car is actually quite zippy. At least for a hybrid and reasonably weighty hatchback.

Hyundai IONIQ motor and transmission figures

HybridPlug-In Hybrid
Engine type
Naturally aspirated, Double Overhead Cam (DOHC), Dual Continuously Variable Valve Timing (D-CVVT), Atkinson Cycle
Motor type
Permanent Magnet Synchronous Motor
Drivetrain
FWD
Engine Power
77kW @ 5,700 RPM
Engine torque
147Nm @ 4,000RPM
Combined power
104kW
Combined torque
265Nm
Electric motor maximum power32kW44.5kW
Engine displacement
1,580cc
Fuel type
91 RON (E10 compatible)
Transmission
6-speed automatic DCT (Dual Clutch Transmission)
Battery type
Lithium-ion Polymer
Battery capacity1.56kWh8.9kWh
Voltage240V360V
EV RangeN/A63km (NEDC)
Fuel consumption (combined)3.4L/100km (Hybrid Elite)

3.9L/100km (Hybrid Premium)

1.1L/100km
Emissions standard
Euro 5
Fuel tank volume45-litres43-litres
Charge timesN/A2 hours 15 minutes (240V charger)
Charging plug typeN/AType 2
Acceleration (0-100km/h)10.8 seconds (According to Hyundai Germany, depending on specifications)N/A
Top speed (km/h)185km/h (Hyundai Germany figures)M/A
Security
Immobiliser and Anti-theft alarm

Fuel economy, battery charging and range

What are the IONIQ Hybrid and PHEV like on fuel? How much energy does the Hyundai IONIQ Plug-in use? And how far can it go on one charge? We use the government's Green Vehicle Guide as the reference for all of our fuel economy and energy efficiency figures.

Hyundai IONIQ Hybrid

According to the Green Vehicle Guide, the Hybrid IONIQ Hybrid uses the following amount of fuel, when fitted with 15-inch alloys, as on the Elite model.

  • Combined: 3.4L/100km
  • Urban: 3.4L/100km
  • Extra: 3.6L/100km

The Premium IONIQ, with the 17-inch alloy wheels, uses:

  • 3.9L/100km
  • 3.9L/100km
  • 3.9L/100km

That means if you drove for two-thirds of the time around urban environments, and the rest on rural and high-speed roads, you'd spend approximately $534 annually on petrol to travel 14,000kms. That's with the Hybrid Elite. A Hybrid Premium over the same conditions would use $600 of fuel.

Hyundai IONIQ Plug-In Hybrid

The PHEV IONIQ is the most fuel-efficient, using just 1.1L/100km of petrol. Annual petrol costs would be $394 to travel 14,000kms, under the above-given usage criteria.

EV range

A reviewer mentioned that the Hybrid IONIQ has a one kilometre EV range, but we couldn't find any official figures to back this up.

However, for the Plug-In IONIQ, the official electric range is listed as 63km, according to the NEDC standard. That's quite impressive, meaning you can spend a large percentage of the time you drive around town running on electric power only.

A word on factory fuel economy and EV ranges

Car manufacturers have to follow one of two fuel economy testing standards, either NEDC or WLTP. These regulations strictly control the conditions in the test, to remove variables. The benefit of this is you can directly compare fuel economies from different carmakers. However, when you take a car onto public roads, traffic volumes, vehicle maintenance, driving styles and local terrain all affect your fuel use. That means there's often a slight gap between the brochure numbers and what you'll achieve in everyday driving.

How did the IONIQ Hybrid and the PHEV model fare on fuel then?

Hybrid
One reviewer achieved fuel economy of 4.5L/100km, which is almost within 1L/100km of the factory figures. That's a typical margin common to many car makes. Another journalist commented that it was a very frugal machine. This was backed up by the observations of another tester, who managed below 4L/100km when driving the car hard.

Plug-in
For the Plug-in, which has a decent electric-only range, things were a lot different. The average daily Australian commute is just a 32km round trip (according to a 2018 study). The IONIQ should be able to take you to work all week on electric power alone if charged daily. A figure of 1.5L/100km was recorded by another motoring expert.

Charging

You can't plug the Hybrid model in, but you can with the PHEV.

Charging times are fairly standard. The brochure states you can top the Plug-in model back to 100% capacity in 2 hours and 15 minutes. It has a Type 2 plug. That's using a 3.3kW charger, but it's not included with the car. You can buy a home charger from Hyundai for $1,995, including GST, installed. You can also use public charging stations.

If you hook your PHEV up to the grid (using a domestic plug) with the emergency charger cable, you're looking at charge times of around six hours, easily achievable overnight or during a workday.

Handling

Most drivers are just looking for a car that handles predictably with no surprises, and the IONIQ hybrid should easily pull that off. Local engineers specifically tweak the IONIQ for Australia, meaning the car is equipped to deal with Aussie roads.

Thanks to having a multi-link rear suspension set-up, reviewers felt the hybrid IONIQs had a calm and controlled response. The steering was described as reactive and immediate. The ride was labelled as smooth, comfortable and composed. Though in one tester's eyes, it was nothing out of this world. Reassuringly, it sounds as though the IONIQ is settled and has a perfectly acceptable ride for drivers across the board. Words like pleasing were also bandied around, with the car having body roll nicely reined in.

The only slight downside was one expert described the car's suspension as being a little on the firm side, though they accepted it was thoroughly proficient at tackling roads.

The handling was best summed up when a motoring journalist said it was as good as any normal hatchback on the market.

Interior and equipment

What's life like inside a Hyundai IONIQ?

In summary, well-specified with plenty of gadgets and tech for your money.

Testers said the touchscreen was massive and one of the standout features. Comments were made about the infotainment system being vastly superior to rival offerings like the one in the Corolla hybrid. The same journalist remarked that a handful of the plastic trim pieces weren't extremely high quality, but this is a universal and commonplace complaint voiced by every car reviewer, ever. Plastic is unsurprisingly almost always going to feel like plastic.

Particular mentions were made about the ergonomic and well-designed steering wheel shape. Another source believed Hyundai puts a priority on interior practicality, which translates to the car having ample storage and places to tidily tuck things away. It is obvious that a lot of time was allocated to making the cabin usable and logically laid out, remarked one tester. Another writer liked how subtle the eco-friendly styling cues were.

The general sentiment was that the front occupants have the best seating positions, with the most room. Thanks to that aerodynamic roofline that trails off to the rear, the consensus was anyone over six-feet-tall is probably going to want more headroom when situated in the back. Legroom in the back row was pronounced as acceptable.

The hybrid models have the most boot space, with a 456-litre cargo capacity. That's if you fill the boot to the height of the seatbacks. If you go to the roof, then you can stuff a decent 563-litres in there. Those who want to do a tip run or have a load of flat-pack furniture to load up will be happy to hear there are 1,518-litres of storage opened up when you fold the rear seats down. The Plug-in model has slightly less space, due to a larger battery pack. The cargo volumes for this model are 341-litres/446-litres and 1,401-litres respectively.

Overall, based on the sentiments of reviewers, the quality of the interior is solid, if not dazzling. Reviewers agreed it was a very practical interior though.

IONIQ Hybrid and Plug-in Elite

On this trim, Hyundai includes a rearview camera with parking guidance, reverse parking sensors, a Tyre Pressure Monitoring System (TPMS), Manual Speed Limit Assist (MSLA), a smart key with push-button start, Apple CarPlay and Android Auto, transmission and regen paddle shifters, satellite navigation with live traffic updates, a 10.25-inch touchscreen display, Infinity 8-speaker sound system, Digital radio (DAB+), dual-zone A/C climate control, a leather-appointed steering wheel and gear knob as well as charcoal-coloured cloth upholstered seats.

All IONIQs have the Hyundai SmartSense safety assists suite. Hyundai fits seven airbags into the IONIQ.

Externally, this model has some very aerodynamic-looking 15-inch alloy wheels. There's also LED Daytime Running Lights and auto dusk-sensing headlights.

The Plug-in differs from the Hybrid model somewhat, as it has Smart Cruise Control (with Stop and Go) and Lane Following Assist. Also, the PHEV has an Electronic Parking Brake (with auto-hold functionality). The PHEV also has 16-inch alloy wheels.

IONIQ Hybrid and Plug-in Hybrid Premium

If you move up to the Premium line Hybrid, you also receive front parking sensors, Smart Cruise Control (with Stop and Go), Lane Following Assist, an Electronic Parking Brake (EPB), a driver's seat memory system with power adjustment, rain-sensing wipers, wireless smartphone charging, an auto-dimming rearview mirror, ventilated and heated front seats, an auto defog function, sports alloy pedals, leather-appointed seats, LED ambient dashboard lighting and a glass sunroof.

Outside, this model has 17-inch alloy wheels of a different design to the Hybrid Elite. There are also power-folding side mirrors, a satin chrome door frame moulding and a glass sunroof.

Owners of the Plug-in model in this trim will enjoy front parking sensors, a power-adjustable driver's seat with memory settings, rain-sensing wipers, wireless phone charging, an auto-dimming rearview mirror, vented and heated front seats, an auto defog function, sports alloy pedals, leather-appointed seats, and LED ambient dashboard lighting.

The exterior has power-folding mirrors, a satin chrome door frame moulding and a glass sunroof. The model rolls on 16-inch alloy wheels.

Hyundai IONIQ Hybrid safety, security and driver assists

Hybrid EliteHybrid PremiumPlug-in Hybrid ElitePlug-in Hybrid Premium
5-star ANCAP
Airbags:
  • Driver and front passenger
  • Driver's knee airbag
  • Front driver and front passenger side (thorax) airbags
  • Side curtain airbags front and back row
Cruise control
Anti-lock Braking System (ABS)
Brake Assist System (BAS)
Auto-dimming Electro-chromatic Mirror (ECM)✖️✖️✖️
Electronic Brakeforce Distribution (EBD)
Hill-start Assist Control (HAC)
Traction Control System (TCS)
Vehicle Stability Management (VSM)
Blind-Spot Collision Warning (BCW)
Driver Attention Warning (DAW)
Forward Collision-Avoidance Assist (FCA) - City/Urban/Interurban/Pedestrian
High Beam Assist (HBA)
Lane Following Assist (LFA)✖️
Lane Keep Assist - Line (LKA-L)
Rear Cross-Traffic Collision Warning (RCCW)
Smart Cruise Control with Stop and Go (SCC w/S&G)✖️
Emergency Stop Signal (ESS)
Parking Distance Warning - Front (PDW-F), 4 sensors with display✖️✖️
Parking Distance Warning - Reverse (PDW-R), 4 sensors with display
Rearview Monitor with Parking Guidance (RVM w/PG)
Rain-sensing wipers✖️✖️
Tyre Pressure Monitor System (TPMS) - individual tyre readout
Impact-sensing auto door unlock
Rear door child safety locks
Pre-tensioner seat belts
Seat belt reminders - front and rear
ISOFIX child restraint anchors on rear, outboard seats
Anti-theft alarm
Central locking
Engine immobiliser
User-configurable active lock/unlock
Two smart key remotes
Electronic Parking Brake (EPB) with auto-hold function✖️

Hyundai IONIQ interior and comfort features

Hybrid EliteHybrid PremiumPlug-in Hybrid ElitePlug-in Hybrid Premium
10.25-inch infotainment touchscreen
Apple CarPlay and Android Auto connectivity
Bluetooth® phone connectivity
Satellite navigation
SUNA Live traffic updates
Steering wheel mounted controls (audio, phone, cruise control and trip computer)
Paddle shifters for regenerative braking
8 speaker Infinity premium sound system with external amplifier
AM/FM radio
Digital radio (DAB+)
iPod compatibility USB audio input
Bluetooth® audio streaming
Leather-appointed steering wheel
Leather-appointed seats✖️✖️
Leather-appointed gear knob
Driver's seat height-adjustable
Manually-adjustable, with 2-way lumbar support✖️✖️
10-way power-adjustable, with 2-way lumbar support✖️✖️
Height-adjustable passenger seat✖️✖️
Front centre console armrest storage box with USB power outlet✖️✖️
Front centre console storage cubby box, with two 12V outlets
Centre console cup holders
Retractable sunglasses compartment
Front centre console Qi wireless charging pad✖️✖️
Rear centre fold-down armrest
Tilt and slide glass sunroof✖️✖️
Front and rear power windows
One-touch window up and down function for driver's window✖️✖️
One-touch window up and down function for front windows✖️✖️
Solar attenuating windshield glass
4.2-inch LCD with trip computer and digital speedometer✖️✖️
7-inch LCD with trip computer and digital speed reading✖️✖️
Dual-zone climate control✖️✖️
Dual-zone climate control with auto defog function✖️✖️
Cooling heating vents in back of centre console for rear
One-touch turn signal, 3,5 or 7 pulses
Driver's seat Integrated Memory System (IMS)✖️✖️
Cabin air filter
Air ventilated front seats✖️✖️
Heated front seats✖️✖️
Heated rear windshield
Heated steering wheel✖️✖️
Metallic grey inserts (air vents, starting button, steering wheel)
Alloy sports pedals✖️✖️
Ambient dashboard LED lighting✖️✖️
Front cabin and map lights✖️✖️
Front cabin and map lights - LED✖️✖️
Vanity mirror lights
Rear reading light✖️✖️
Rear reading light - LED✖️✖️
Rear armrest cup holders
Retractable cargo cover
4 tie-down hooks in boot
Luggage net
Door bins for bottles (front and rear)
Sport mode - activated via sequential manual mode

Hyundai IONIQ exterior highlights

Hybrid EliteHybrid PremiumPlug-in Hybrid ElitePlug-in Hybrid Premium
15-inch alloy wheel with aerodynamic covers✖️✖️✖️
17-inch alloy wheel✖️✖️✖️
16-inch alloy wheels✖️✖️
Spare wheel typeFull-size alloyFull-size alloyTyre mobility kitTyre mobility kit
Heated exterior mirrors
Power-adjustable mirrors✖️✖️
Power-adjustable and auto-folding side mirrors with reversing auto-dip function✖️✖️
Door frame and hip waistline satin chrome accents✖️✖️
Satin chrome door handle insert✖️✖️
Matte grey side trim insert✖️✖️
Daytime Running Lights (DRL) - LED
Automatic dusk-sensing headlights with escort and welcome functions
LED headlights (low/high beam)✖️✖️
Projector-beam headlight✖️✖️
LED positioning lights✖️✖️
LED fog lights
LED High mount stop light
LED courtesy lights in front door handles
LED side-mirror puddle lights and integrated indicators✖️✖️
Rear combination lights (LED)

Verdict

For many drivers, Plug-in Hybrids (PHEVs) represent the perfect ideal between a conventional hybrid and an electric vehicle. The Hybrid IONIQ has impressive fuel efficiency and a solid specification. It seems reviewers felt the IONIQ was an all-round consistent performer, that offered attractive specifications for a reasonable sum of money.

By using our car loans comparison calculator, you could save hundreds of dollars when buying an IONIQ with car finance. Also, make sure to check out car insurance quotes for the Hyundai IONIQ, so you can save even more money and get the best value coverage around!

Compare some options to finance a Hyundai IONIQ Hybrid

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OurMoneyMarket New Car Loan
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6.57%
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Stratton Finance New Car Loan
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You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Simplify New Car Loan
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Interest Rate (p.a.)
6.19%
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loans.com.au - New - Variable Rate Special
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Credit Concierge New Car Loan
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$553
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$10
Monthly Repayment
$637.97
Go to siteMore Info
IMB New Car Loan
IMB logo
Fixed1 - 7 Years $2,000 - $125,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
6.59%
Application Fee
$274.78
Monthly Fee
$0
Monthly Repayment
$619.01
More Info
You'll receive a fixed rate of 6.24% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Simplify Used Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance Used Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Credit Concierge Used Car Loan
Credit Concierge logo
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
RACV Used Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Verified Lending Used Car Loan
Verified Lending logo
Fixed1 - 7 Years $10,000 - $200,000
Interest Rate (p.a.)
7.1%
to 18.99%
Comp. Rate (p.a.)
8.06%
to 22.99%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$630.67
More Info
NRMA New Car Loan
NRMA logo
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
More Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
NRMA Used Car Loan
NRMA logo
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
More Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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Showing 16 of 16 results

Compare car insurance side-by-side and get quotes

Name Product Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: The 2023 winner of our Best Features Car Insurance award. Plus, it's one of the only insurers to automatically include roadside assistance.

Who it might be good for: Those who want good customer service with lots of inclusions.
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Anyone who wants a good value policy.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Covers a little more than other insurers. You don’t need to pay an excess for windscreen repairs and cover applies to anyone who uses your car.

⭐ Current offer: Get $75 off your first year's comprehensive car insurance premium when you buy online. T&Cs apply.

Who it might be good for: Multiple people using one car.
Bingle Comprehensive
Market
Finder's summary: Our data shows it’s the cheapest comprehensive policy. It just covers the basics such as damage to your car, theft and storms – it doesn’t go in for add-ons and extras.

Who it might be good for: Those wanting a low-cost, no-frills policy.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct).

⭐ Current offer: Earn up to 30,000 Qantas Points with every car insured by 30 September. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.

Who it might be good for: People who want more bang for their buck with Qantas Points.
ROLLiN' Comprehensive
Agreed
Finder's summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess.

Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: Our best-rated Car Insurer for Customer Satisfaction in 2021/2022 and Green Insurer for the last 3 years.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).
Kogan Comprehensive
Optional
Agreed or Market
Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include, but you'll also be entitled to some benefits from its online store. This usually comes in the form of a gift voucher or discount if you buy online.

⭐ Current offer: Get $80 off first year premiums when you purchase Kogan Comprehensive Car Insurance online + $10 monthly kogan.com credit. T&Cs apply.

Who it might be good for: Kogan shoppers and those after a good range of policy options.
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Pictures: Hyundai

Ben Gribbin's headshot
Written by

Writer

Ben Gribbin is an automotive writer at Finder. He is a life-long car enthusiast, bringing many years of experience working with and writing about cars. During his time, Ben has been a freelance writer, editor and reviewer for a number of leading publications across the UK. He was voted the Guild of Motoring Writers Breakthrough Blogger in 2015. See full bio

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