Both Hyundai EVs can be leased for an effective cost of $540 a month compared to $554 for the Tesla Model 3.
Hyundai has slashed lease prices in the US for two of its most popular EVs, the Ioniq 5 crossover and Ioniq 6 sedan, by $70 a month.SE is now available for $429 a month on a 36-month contract, with $3,999 due at signing. The offer is based on an MSRP of $46,835 for the 303-mile version of the SE trim and 10,000 miles a year of driving. Previously, the same model was offered with a $499 monthly payment.SE sees a $70 monthly lease payment cut, which means it's also available for $429 a month.
The reason for the price cuts is that Hyundai is now offering a $7,500 lease incentive on both models, a significant increase over the previous discount of $5,200.The price cuts also make the Ioniq 5 and Ioniq 6 cheaper to lease than the Tesla Model 3, which is, which amounts to a total cost of $554 a month.
More specifically, the Hyundai Ioniq 5 and Ioniq 6 – a direct competitor for the Model 3 – are now $14 per month cheaper to lease than Tesla's base car, whereas before they were $56 more expensive.last week also introduced a $1,000 Memorial Day Holiday Bonus on both the Ioniq 5 and Ioniq 6 in some parts of the country.
Mind you, the bonus does not apply to Limited trims and lease offers – it's only for customers who want to purchase the vehicles outright. Speaking of purchasing, the Ioniq 5 and Ioniq 6 don't qualify for the $7,500 federal tax credit when bought but are eligible for it when leased.that protects EVs built outside of North America from being stripped of the federal tax credit.
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