Now is as good a time as ever to jump behind the wheel of a new Hyundai Ioniq 5 or Ioniq 6 following the carmaker’s move to cut lease prices in the United States.
A new deal introduced by Hyundai means the 2023 Ioniq 5 SE can be leased for $349 per month over 36 months with $4,999 due at signing. This represents a $50 per month saving from Hyundai’s previous lease deal. The monthly lease of the 2023 Ioniq 6 SE has also been cut by $50 to $299 per month for 36 months with $4,999 due at signing.
In the case of the Ioniq 6 SE, this shakes out at an effective cost of $438 per month, making it $44 per month cheaper to lease than a Tesla Model 3 currently offered for $329 per month with $5,524 due at signing, Cars Direct reports. Making the Ioniq 6 all the more appealing is the fact that it is also cheaper to lease than the Kia EV6 Wind at $538 per month, the Toyota Corolla Hybrid at $452, and even a Hyundai Elantra Hybrid at $458.
Hyundai has also improved the purchase incentives for the Ioniq 5 and Ioniq 6, increasing the available rebate on SE and SEL models from $5,000 to $7,500. The Limited trims also get a $2,500 rebate having been offered without a rebate of any kind in the past.
Review: 2023 Hyundai Ioniq 6 Epiq Shakes Up The EV Hierarchy
Thanks to these new deals, the Ioniq 6 has become one of the best bang-for-your-buck electric sedans currently on sale. The entry-level SE RWD Standard Range model is powered by a 53 kWh battery pack that drives a single electric motor with 149 hp and 258 lb-ft (350 Nm) of torque. It can travel up to 240 miles (386 km) on a single charge.
