Hyundai IONIQ 9 Lease Undercuts IONIQ 5 Value — SkimNews
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- Hyundai IONIQ 5 is the third top-selling EV in the US, behind Tesla's Model Y and Model 3, with a starting price of $35,250.
- Hyundai offers a 24-month lease on the base IONIQ 5 SE from $359 per month with $4,999 due at signing, for an effective monthly cost of $567.
- Hyundai IONIQ 9, the larger three-row SUV, starts at $58,955 but is available on a 36-month lease from $419 per month with the same down payment, for an effective cost of $557 per month.
- The lease comparison shows the IONIQ 9 costs only $7 more per month than a similarly structured 36-month lease for the IONIQ 5, despite a nearly $24,000 higher purchase price.
- Hyundai's Metaplant America in Georgia builds both models, which have conquest rates above 64%, attracting new buyers to the brand.
Why it matters: For consumers, the narrow lease-cost gap makes the larger, longer-range IONIQ 9 a compelling alternative, potentially shifting demand within Hyundai's EV lineup and pressuring competitors like the Chevy Equinox EV and Ford Mustang Mach-E on value.
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