Hyundai Motor is offering generous leasing and financing incentives for its newly launched Ioniq 9, a three-row electric SUV that entered the U.S. market earlier this month, as part of an effort to attract early adopters and bolster showroom traffic.
Customers can receive up to $13,000 in lease cash on select trims when signing a 36-month lease, significantly reducing the vehicleās MSRP.
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With these incentives, the rear-wheel-drive Ioniq 9 S can be leased for as low as $419 per month, though the required $4,999 down payment raises the effective monthly cost to $558. Despite the upfront payment, the offer remains competitiveāCarsDirect estimates that a Toyota Highlander XLE Hybrid lease would cost approximately $662 per month.
Hyundai is also offering 24-month lease terms, though lease cash is reduced to between $10,000 and $11,000, depending on the variant. For buyers interested in ownership, financing options include a 1.99% APR or a 5.99% APR paired with a $5,000 bonus.
The Ioniq 9 is eligible for the $7,500 federal EV tax credit, potentially bringing total savings to $12,500 and lowering the purchase price to around $48,000.
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All versions of the Ioniq 9 are powered by a 110.3 kWh NMC lithium-ion battery pack. The base model features a 215-horsepower rear motor and an estimated range of 335 miles (539 km).
The all-wheel-drive SE trim delivers 303 hp and 320 miles (515 km) of range. At the top of the range, the Ioniq 9 Performance models produce 422 horsepower with an estimated 311 miles (500 km) of range.