Hyundai has raised monthly lease rates on the IONIQ 5 for September, according to Electrek. The electric SUV still starts at $35,000, keeping it among the more affordable EVs on the market.
The higher lease price is offset by other incentives. Hyundai is offering 0% APR financing or up to a $5,000 discount, which could make purchasing more attractive than leasing this month.
The trade-off means shoppers have options depending on whether they prefer to lease or buy. While the lease is less of a bargain than before, the overall cost of entry remains low for an electric SUV.