Hyundai has reduced the leasing price for the high-performance Ioniq 5 N, offering a more affordable option for potential customers as the automaker clears out existing inventory ahead of the 2026 model release.
Previously, leasing the Ioniq 5 N came with a hefty price tag, set at $899 per month for 36 months, plus a $3,999 down payment at signing. This brought the effective cost to approximately $1,010 per month, making it nearly double the price of some other electric vehicle leases, such as the Lucid Air.
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However, Hyundai has now slashed the lease rate to $699 per month for the same 36-month term, maintaining the $3,999 down payment. This new offer began on May 9 and is set to run until June 2.
The price drop was made possible by adjustments to the lease terms, including reducing the Money Factor (interest rate) to .00017 for a 24-month/12,000-mile lease and .00016 for a 36-month/10,000-mile lease, as well as increasing the residual values (the expected value of the car at the end of the lease) to 52% and 45%, respectively.
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For those opting for the 36-month/10,000-mile lease, the effective monthly lease comes to $810 before taxes and delivery fees, with a zero down payment option raising the total to $848.17 due to the higher interest rate.
Although this deal may seem tempting, potential buyers should also be mindful of the upcoming release of Kia’s facelifted EV6 GT, which shares many features with the Ioniq 5 N, including the dual-motor powertrain and similar driving experience enhancements, such as the Virtual Gear Shift function.
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For those interested in purchasing, the Ioniq 5 N starts at $67,675, which is considered relatively reasonable for an electric vehicle offering supercar-level performance. However, it remains notably more expensive than the Tesla Model 3 Performance, which starts at $54,990 and is eligible for the $7,500 federal tax credit, making it more attractive for some buyers.
Despite the competition, the Ioniq 5 N stands out as a solid choice for driving enthusiasts. With up to 641 horsepower, it can accelerate from 0 to 62 mph (100 km/h) in just 3.4 seconds, and the ability to adjust the power split between the front and rear wheels offers a truly customizable driving experience.