Hyundai IONIQ 5 Lease at $359: A Competitive Offer

The 2027 Hyundai IONIQ 5 is available for lease at a competitive rate of $359 per month, with $4,999 due at signing for a 24-month term. This offer positions the IONIQ 5 as an attractive option for EV buyers, especially in light of the recent expiration of the $7,500 federal EV tax credit. The IONIQ 5 is known for its affordability, starting at around $35,250, and has been a top-selling EV in the U.S. market, trailing only behind Tesla's Model Y and Model 3.

In comparison, Hyundai's larger three-row electric SUV, the IONIQ 9, starts at $58,955 and is available for lease at $419 per month for a 36-month term, also requiring $4,999 at signing. This results in an effective monthly cost of $557, which is only slightly higher than the IONIQ 5's effective cost when leased for the same duration. The IONIQ 9 offers more interior space and a longer EPA-estimated range of up to 335 miles, making it a viable option for families or those needing additional passenger capacity.

Despite the IONIQ 9's advantages, the IONIQ 5 remains a solid choice for individuals looking for a smaller, more efficient SUV. It offers an EPA-estimated range of up to 318 miles in its extended-range configuration, which is competitive in its class. Additionally, the IONIQ 5's lease terms are appealing compared to the standard Tesla Model Y, which starts at $499 per month for a 36-month lease.

Hyundai's current leasing offers are set to expire on November 30, 2026, so potential buyers should act quickly to take advantage of these deals. With the IONIQ 5 and IONIQ 9 both manufactured at Hyundai’s Metaplant America in Georgia, buyers can also feel good about supporting domestic production.