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Hyundai’s $359 IONIQ 5 lease looks good, but its bigger sibling may be a better buy

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Hyundai’s $359 IONIQ 5 lease looks good, but its bigger sibling may be a better buy

The Hyundai IONIQ 5 is the most popular EV in America outside of Tesla, but its larger three-row sibling looks like the better deal right now.

Through September, the Hyundai IONIQ 5 was the third top-selling EV in the US, behind the Tesla Model Y and Model 3.

Hyundai’s electric SUV is outselling rivals like the Chevy Equinox EV, Ford Mustang Mach-E, and Toyota bZ.

Why? For one, it’s one of the most affordable EVs in the US, starting at about $35,000, and Hyundai has been offering some of the most attractive lease deals.

After the $7,500 federal EV tax credit expired at the end of September last year, Hyundai responded by reducing prices on the IONIQ 5 by up to nearly $10,000 on some trims.

The 2027 Hyundai IONIQ 5 starts at $35,250. That’s for the standard-range IONIQ 5 SE with an EPA-estimated range of up to 245 miles. Upgrading to the extended-range SE RWD model adds $2,500, starting at $37,750, and offers up to 318 miles of range.

Hyundai’s three-row electric SUV, the IONIQ 9, starts at $58,955, or nearly $24,000 more than the base IONIQ 5 SE.

On Hyundai’s website, the 2027 IONIQ 5 SE Standard Range is available to lease from $359 a month. The offer is for a 24-month lease with $4,999 due at signing for an effective cost of $567 per month.

The extended-range Hyundai IONIQ 5 SE RWD can be leased from $369 a month. The offer is also a 24-month lease with $4,999 due at signing, for an effective cost of $577 per month.


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