Hyundai is one once more slashing lease costs on its Ioniq 5 and Ioniq 6 in america because the EV value warfare began by Tesla in the beginning of the 12 months continues.
The South Korean automaker minimize Ioniq 5 and Ioniq 6 lease costs by $50 a month, in keeping with a bulletin despatched to sellers final weekend and seen by Automobiles Direct. This implies month-to-month lease charges for the 2 E-GMP platform-based EVs at the moment are at their lowest thus far, beginning at simply $299 monthly.
For instance, the 2023 Hyundai Ioniq 6 SE electrical sedan could be leased for $299 a month for 36 months, with $4,999 due at signing; it was once $349 a month. The 2023 Ioniq 5 SE crossover is down $50 as effectively to $349 a month with $4,999 due at signing. Hyundai had beforehand lowered Ioniq 5 and Ioniq 6 lease costs in Could.
Curiously, Hyundai’s EV lease value cuts got here solely days after Tesla did the identical for its hottest fashions, the Mannequin 3 sedan and Mannequin Y crossover.
Late final week, Tesla minimize lease costs by as much as $100 monthly to $329 with $5,524 at signing for the bottom Mannequin 3 RWD and $399 with $5,594 at signing for the Mannequin Y RWD. The sums due at signing embody a $4,500 downpayment, the primary month-to-month fee, and a $695 acquisition payment.
![2024 Hyundai Ioniq 6 SE](https://cdn.motor1.com/images/static/16x9-tr.png)
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Factoring in Hyundai’s newest EV lease value cuts, the Ioniq 6 is now $44 monthly cheaper to lease than the Mannequin 3, with an efficient value of $438 monthly.
This makes the Ioniq 6 cheaper to lease than a wide range of EVs, together with the 2023 Kia EV6 Wind ($538 monthly) and even economic system hybrids just like the 2023 Toyota Corolla Hybrid ($452) and 2023 Hyundai Elantra Hybrid ($458).
Along with the decrease lease costs, Hyundai can also be providing higher buy incentives on each the Ioniq 5 and Ioniq 6. The rebate on SE and SEL trims is now $7,500 (up from $5,000), and the Restricted trims characteristic a $2,500 rebate for the primary time.
Lastly, Hyundai can also be providing 0.99% financing for 48 months plus $2,500 in Low APR Bonus Money on all trims via October 31.
It is price noting that neither the Ioniq 5 nor the Ioniq 6 is eligible for a federal tax credit score, so buyers should be conscious that they can not qualify for a $7,500 tax credit score when buying these fashions.
Nevertheless, prospects can profit from the $7,500 business tax credit score as Hyundai continues to make use of a loophole to go alongside financial savings from the tax credit score on leases.
![2024 Hyundai Ioniq 5](https://cdn.motor1.com/images/static/16x9-tr.png)
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