With a new lease cash incentive in September, Hyundai offers up to $14,000 in savings on the 2024 IONIQ 5. With leases starting under $199 a month, the IONIQ 5 is one of the most affordable electric cars in the US. Perhaps even more important, it has a range of over 300 miles and can fast charge in 18 minutes.
Hyundai IONIQ 5 goes on clearance with new lease cash
After the IONIQ 5 went on sale in the US in December 2021, Hyundai’s electric SUV quickly rose up the sales charts.
Last year, the IONIQ 5 was the sixth best-selling EV in the US, up from seventh in 2022. Through the first eight months of 2024, Hyundai has sold nearly 27,000 IONIQ 5 models in the US, up 26% from last year.
The IONIQ 5 just had its best August sales month, but Hyundai is not shying away from the discounts.
According to online vehicle research firm CarsDirect, the 2024 IONIQ 5 SEL features up to $14,000 in lease cash incentives (you can see offers in your area below).
The 2024 Hyundai IONIQ 5 SEL is available for lease starting at $199 for 24 months. With $3,999 due at signing, the monthly effective rate is $366, which is still a great deal for a +300-mile range electric SUV.
Hyundai’s 2024 IONIQ 5 SEL RWD model has an EPA-estimated range of up to 303 miles, while the RWD model is rated at up to 260 miles.
With an added $7,500 lease bonus, the $48,795 MSRP results in net capitalized costs of $31,751. However, Hyundai’s deal only runs until September 30, 2024.
The 2024 IONIQ 5 SE Standard Range is available for $159 for 24 months. With $3,999 due at signing, the effect monthly rate is $326.
2024 Hyundai IONIQ 5 trim
Starting Price (excluding destination fee)
Range (EPA est miles)
SE Standard Range
$41,800
220
SE
$45,850
RWD: 303 AWD: 260
SEL
$47,400
RWD: 303 AWD: 260
Limited
$53,500
RWD: 303 AWD: 260
D100
$59,400
260
2024 Hyundai IONIQ 5 prices and trim options
The discounts come after Hyundai revealed the updated 2025 IONIQ 5 earlier this month. Later this year, it will be the first vehicle built at its new Metaplant America plant in Georgia.