Why is leasing a car such an attractive option right now? The average auto loan rate has eclipsed 9%, adding serious money to monthly payments for those who decide to buy. Leasing not only holds monthly costs down, it offers an avenue for drivers to always have the latest and greatest cars. This month, Hyundai lease deals represent some of the best offers in the car market. Let’s take a look at Hyundai’s top lease offerings, from sedans and SUVs to the brand’s popular EVs.
All leases are for 36-month contracts.
Hyundai Lease Deals: Sedans
Hyundai Elantra: $219 per month with $3,499 due
The Elantra epitomizes efficiency with its comfortable seating and advanced safety features. Its sleek design paired with a robust engine delivers both aesthetics and performance. The Elantra achieves 42 miles per gallon on the highway, yet is powered by 201 horsepower. Plus, an Elantra Hybrid is available without breaking the bank.
There’s currently a 43-day supply of new Elantra’s nationwide, which is below average. This indicates less negotiability when buying, making leasing a more attractive option.
Hyundai Sonata: $289 per month with $3,499 due
Sonata offers a more spacious interior, and cutting-edge infotainment system. If the Elantra didn’t quite cut it for you, chances are the Sonata just might be what you’re looking for. With impressive fuel efficiency (up to 37 miles per gallon), it is ideal for daily commuting and long drives alike. A more efficient Sonata Hybrid is now on the market too.
There’s currently a 76-day supply of new Sonata’s nationwide, which is above the market average. This means buyers will have more negotiability, but also that manufacturers will have willingness to lease on competitive terms.
Hyundai IONIQ 6: $349 per month with $4,999 due
The IONIQ 6 lease now comes with a $7,500 lease discount. Hyundai launched this incentive to make up for the loss of the federal EV tax credit earlier this year. The IONIQ 6 ties the Tesla Model 3 for the title of most capable electric sedan under $50,000. With up to 361 miles of range and fast charging times that beat Tesla, you can’t go wrong. It’s laden with innovative technology, and a smoother ride than you’ll find in the Model 3.
There’s currently an 83-day supply of IONIQ 6’s nationwide, which is well above the market average. This means buyers will have more negotiability, but also that manufacturers will have willingness to lease on competitive terms.
Hyundai Lease Deals: SUVs
Hyundai Venue: $209 per month with $3,499 due
The Hyundai Venue is the most affordable SUV in America. This petite model is the definition of a compact SUV, but that’s not necessarily a bad thing. Drivers report that it’s perfect for city driving, and offers tremendous value for such a low price (MSRP starts under $20,000). With advanced safety features, it provides a secure and enjoyable driving experience.
There’s currently a 37-day supply of new Venue’s nationwide, which is well below average. This indicates less negotiability when buying, making leasing a more attractive option.
Hyundai Kona: $292 per month with $4,012 due
The Kona is completely redesigned for the 2024 model year, but not everyone will agree that it looks better. The Kona is the next step up from the Venue in terms of size and features. This small SUV provides ample cargo space for most needs, making it suitable for both adventures and daily errands.
The Kona’s fuel economy is rated at 29 MPG in the city and 34 MPG on the highway, but add all-wheel drive and those numbers drop to 24 in the city and 29 on the highway. A fully-electric Kona is available, but it’s overpriced. For the same cost, you could buy or lease a faster-charging, longer-range Tesla Model 3 or Volkswagen ID.4.
There’s currently an 88-day supply of Kona’s nationwide, which is well above the market average. This means buyers will have more negotiability, but also that manufacturers will have willingness to lease on competitive terms. This is likely due to the impressive value that Hyundai’s other SUV models offer for a similar price.
Hyundai Santa Fe: $269 per month with $3,999 due
Last call for the Santa Fe before it undergoes a polarizing update! These relatively normal looks will be gone in a few months.
The Santa Fe is the real deal for those wanting a true SUV. Including 72 square feet of cargo area with the seats down, this is a capable family vehicle at a budget-friendly price. With 26 miles per gallon in combined city/highway driving, it’s not exactly fuel efficient. All-wheel drive lowers that even further.
The Santa Fe is the third-highest ranked Hyundai model in terms of reliability. See the most reliable car brands, as ranked by Consumer Reports. Hyundai has some work to do!
There’s currently a 59-day supply of new Santa Fe’s nationwide, which is about average in today’s car market. This indicates fair negotiability when buying, but leasing is still a good option.
Hyundai Tucson: $331 per month with $4,011 due
The Tucson captivates with its bold design and advanced tech features. Despite appearing slightly smaller than the Santa Fe, the Tucson actually has a bit more cargo space. It also gets better fuel economy, at 26 MPG city and 33 MPG highway. Its efficient powertrain and safety features make it a top choice for families.
There’s currently a 64-day supply of new Hyundai Tucson’s nationwide, which is about average in today’s car market. Leasing is still a good option, but offers may become even more competitive next month.
Hyundai Palisade: $395 per month with $3,999 due
Since launching in 2018, the Palisade has quickly gained a large fanbase. For those wanting a larger SUV without having to go the way of the Chevy Tahoe or Ford Explorer, the Palisade and Kia’s Telluride are the perfect fit. Palisade offers a luxurious driving experience with its high-end interior materials and spacious three-row seating. Its robust V6 engine ensures power on the road.
When it comes to value for the money, leasing the Palisade for less than $400/month is amazing.
There’s currently a 74-day supply of new Hyundai Palisade’s nationwide, which is about average in today’s car market. Leasing is still a good option.
Hyundai IONIQ 5: $399 per month with $4,999 due
IONIQ 5 is a vision of the future, with its unique design and advanced electric powertrain. Nothing looks quite like it on the road, but there’s more to this EV than sharp looks.
With 303 miles of range (266 miles with all-wheel drive) and ultra-fast charge times, the IONIQ 5 is an award-winning vehicle worth a test drive. The only reason it’s not a top-seller? The IONIQ 5 does not qualify for the federal EV tax credit. Hyundai is offering a workaround by including a $7,500 discount on IONIQ 5 leases. That’s a sweet deal!
There’s currently a 102-day supply of IONIQ 5’s nationwide, which is well above the market average. This means buyers will have more negotiability, but also that manufacturers will have willingness to lease on competitive terms.
Is It Really a Truck? The Santa Cruz
Hyundai Santa Cruz: $331 per month with $3,699 due
The Santa Cruz is characterized by its versatile utility, functioning as both an SUV and a pickup. Hyundai calls it a Sport Adventure Vehicle. Tow up to 5,000 pounds with HTRAC all-wheel drive. On the downside, the bed is just 48 inches long with the tailgate up.
There’s currently a 88-day supply of Santa Cruz’s nationwide, which is well above the market average. This means buyers will have more negotiability, but also that manufacturers will have willingness to lease on competitive terms. I suspect that many buyers opt for either an SUV OR a truck, not something that’s oddly in between.
Lease the Smart Way
Leasing is simple on the surface, but to secure the best deal, it’s important to be familiar with the contract you’re about to sign. Our team of Car Coaches created this resource to help you take control of your deal:
Hyundai does have attractive lease offers, but so do some of the competition.
Looking for help with your car deal? Our team is ready to assist! With expert advice and personalized guidance, we ensure you not only get the best deal, but one that you’ll be proud of. Reach out to a CarEdge Coach today, and let’s find your next car at a price you can afford!!