Ioniq 5 N Lease Deal

The Ioniq 5 N Offer

The Hyundai Ioniq 5 N has been a standout in the electric vehicle segment for a while now, especially with its performance capabilities. However, the cost to lease one might have kept some folks at bay. In light of this, Hyundai has proposed a more appealing lease option to clear out current stock before the 2026 models roll out. Originally, the Ioniq 5 N lease was priced at $899 a month. That’s no longer the case, as Hyundai lowered it to $699 a month, while maintaining the $3,999 down payment. This offer, which started on May 9, sticks around only until June 2.

Cost Breakdown

Previously, leasing the Ioniq 5 N meant navigating a monthly payment that could balloon up to approximately $1,010 once taxes and delivery fees were factored in. Comparatively, this was almost double what other electric vehicles, like the Lucid Air, were leasing for recently at about $510 with no down payment. Hyundai’s current offer to lower the lease payment involves tweaking the Money Factor to .00017 for a 24-month lease at 12,000 miles annually and to .00016 for a 36-month lease at 10,000 miles annually. This change also inflates the residual value estimates to 52% and 45%, respectively.

With the new 36-month/10,000-mile lease, customers might see an effective monthly cost of about $810 before taxes and delivery fees. For those opting for no down payment, the cost taps out at about $848.17 due to a slightly higher interest rate. There’s also an option to purchase the Ioniq 5 N at the end of the lease term for $32,484, after factoring in a $300 fee.

Driving Experience

Driving the Ioniq 5 N is a thrilling experience, offering up to 641 horsepower and dashing from 0 to 62 mph in just 3.4 seconds. The car’s dual-motor setup is a significant contributor to its impressive performance. A cool feature worth mentioning is the ability to adjust the power distribution between the front and rear wheels, which provides a customized driving feel right at the driver’s fingertips. It can be thought of as bringing sports car-like agility into the electric car realm.

For someone who’s used to conventional gas-powered cars, this EV might initially feel different, nearly akin to stepping into the world of sci-fi with its lack of engine noise and quick response. This is not merely an electric vehicle; it’s more like a dynamic sports car crafted for everyday practicality.

Price Considerations

The purchase cost for the Ioniq 5 N is $67,675, which stacks up differently against rivals like the Tesla Model 3 Performance, priced closer to $54,990. The Model 3 even qualifies for a $7,500 federal tax credit, which can make it a more budget-friendly choice for some, bringing its effective price down further to $47,490. On the other hand, the Ioniq 5 N positions itself as something unique, appealing to those looking for that extra edge in driving excitement in the EV market.

Ultimately, for those considering the Ioniq 5 N, the decision may not rest solely on cost but equally on the driving experience and what each feature brings to daily commutes or open-road adventures. Decisions like these ensure that drivers are as pleased with how these cars perform as they are with their economic balance sheets.