DRIVERS can now save $7,200 on a popular vehicle – and it has nods to a fan-favorite old-time car feature.
The car is the fastest vehicle in Hyundai’s lineup and isn’t usually included in incentive programs.
GettyAnyone looking to lease a new car can get a deal on a fan-favorite Hyundai[/caption] GettyBut you’ll have to act fast as the promotion is only offered for a few weeks (stock image)[/caption]However, the 2025 Hyundai Ioniq 5 N just got a major lease discount in the US.
The lease price dropped by $200 a month due to strong resale values and a new dealer incentive program, Cars Direct reported.
The deal was spotted in a recent Hyundai dealer bulletin.
The electric Ioniq 5 N can be leased for $699 per month over 36 months, with $3,999 due at signing.
That’s down from a previous $899 per month under the same terms.
When broken down, the effective cost comes to $810 per month, adding up to $29,163 before taxes and fees over the full lease, Car Scoops reported.
That’s a $7,200 discount compared to the original lease deal, which would have cost $36,363 in total.
The promotion began on May 9 and runs through June 2.
It’s available across the US but there are no rebates offered on outright purchases of the model.
Buyers who want to own the vehicle will have to pay full price – $67,475 including a destination fee.
The new lease offer was made possible by reducing the Money Factor and boosting residual values.
For 36-month leases with 10,000 miles per year, the residual value is set at 45%.
The Money Factor for that option dropped to .00016, helping reduce monthly payments.
Hyundai also offers a 24-month lease option at 12,000 miles per year, with a slightly higher 52% residual value.
Without a down payment, the 36-month lease would rise to $848.17 per month due to higher interest.
Electric vehicles vs gas
Pros and cons of EVs vs gasoline-powered vehicles
EV PROS:
Convenient (when charging at home) Cheaper (depending on state or city) Cheaper maintenance, due to lack of mechanical parts Great for commuting Reduced CO2 emissions Federal and state tax incentives More performance (speed, handling – depending on the make and model)EV CONS:
Higher initial cost Higher insurance rates More frequent tire and brake replacement intervals Higher curb weight (thus causing more rapid wear on crucial parts) Low resale value High depreciation rates Lack of charging infrastructure Unreliable public charging (related: slow charging times) Poor winter and summer performance Lack of clean energy alternatives means more “dirty energy” from coal and nuclear sources Range anxietyGAS PROS:
Highly developed refueling infrastructure Fast refueling Cheaper insurance rates, depending on make, model, and configuration Established repair industry Lower initial cost Higher range before refueling, especially with hybrids Many manufacturers produce nearly emission-less engines Cheaper refueling, depending on the locationGAS CONS:
Finite resource (related: heavy dependence on petroleum) Carbon emissions/greenhouse gases Higher repair costs Higher insurance rates, depending on make, model, and configuration Varying costs at the pump, depending on state, city, and countySource: Car & Driver, Perch Energy, AutoWeek
At the end of the lease, buyers can purchase the car for $32,484 plus a $300 fee.
The Ioniq 5 N is one of the few electric cars that caters to driving enthusiasts looking for an engaging ride, according to Jalopnik.
Hyundai calls it a “corner rascal” and the dual-motor EV delivers up to 641 horsepower.
Auto experts who test-drove the car agree that it’s powerful and fun to drive.
The car can hit 0 to 62 mph in just 3.4 seconds and offers adjustable power split between front and rear wheels.
It’s the most powerful production car Hyundai has ever built.
“There’s nothing else quite like it,” Hyundai claims.
Still, buyers should note there are no cash rebates or APR discounts currently available.
Financing rates remain at 4.99% for 60 months and 5.99% for 72 months.
The lease deal puts pressure on competitors like Kia, which is prepping a facelifted EV6 GT with similar features.
The U.S. Sun/Spencer ClintonThe Ioniq 5 N is the most powerful production car Hyundai has ever built[/caption] APHyundai calls it a ‘corner rascal’[/caption] Read More Details
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