Hyundai counters Model Y 0% APR deal with rolling Ioniq 5 lease at $399/month with zero down payment

[Redaktion]

Hyundai has introduced one of the best close-end lease deals on an electric car in the US, offering to upgrade an Ioniq 5 every year for less than the monthly lease payment on a Model Y.

https://www.notebookcheck.net/Hyundai-counters-Model-Y-0-APR-deal-with-rolling-Ioniq-5-lease-at-399-month-with-zero-down-payment.905080.0.html

[Mike p]

It can get as many awards as it wants, the ioniq 5 won't and is not competing with Tesla. Hence the sales numbers

[Kirk2500]

13 month lease...so you have to pay for a second year of license registration to use for that one month. That isn't great. 2500

[Graphikzking]

13 month lease...so you have to pay for a second year of license registration to use for that one month. That isn't great. 2500

I guess it's different in each state.

Here in PA we can transfer our registration to a new car. When I transfer my existing. Whatever is remaining carries over. It's also only $50 per year. We have the option of yearly or 2 years at a time.

So if I have 1 month remaining I just renew and keep it.

[Raza]

It's a crappy deal in Maryland where one has to pay the sales tax on the full price of the car leased.  Who will want to pay sales tax (6%) every 13 months on the full purchase lease price of the car? 

[Robz]

It can get as many awards as it wants, the ioniq 5 won't and is not competing with Tesla. Hence the sales numbers

Drive both then tell us what you think.

[Chip VanNess]

Not in NC.  I tried and no SE's available for 13 month lease.  Plus dealerships won't honor anywhere close to the 24 mo lease advertised on Hyundaiusa website for the Southeast ($3999 down and $190/mo for the Ioniq 5 and $200/mo for the Ioniq 6)