Hyundai IONIQ 5 Lease Rises $10, Still Beats Tesla, Toyota — SkimNews
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- Hyundai IONIQ 5 leases outside California now start at $319/month for 24 months with $4,999 due at signing, up $10 from August; California leases start at $329/month with a possible $3,500 MyFirstEV discount.
- Hyundai is offering 0% APR financing for up to 72 months with 0 payments for 90 days, or up to $5,000 in discounts on the IONIQ 5 this September.
- The 2026 IONIQ 5 starts at $35,000 after Hyundai cut prices by nearly $10,000 on some trims following last September's expiration of the $7,500 federal EV tax credit.
- The IONIQ 5 was the best-selling EV in the US outside of a Tesla model in the first half of 2026.
- The IONIQ 5 effective lease rate of $527/month undercuts the 2026 Toyota bZ ($559/month) and Tesla Model Y RWD ($615/month), though the Kia EV3 Wind FWD leases cheaper at $460/month effective — albeit smaller and slower-charging.
Why it matters: Even with September's $10/month lease hike, the IONIQ 5's effective $527/month cost runs $32 cheaper than the Toyota bZ and $88 cheaper than the Tesla Model Y RWD, letting Hyundai maintain its value pitch after absorbing the expired $7,500 federal tax credit with $10,000 price cuts.
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