Hyundai has adjusted lease rates for the IONIQ 5 electric SUV this September, but the model remains one of the most competitively priced EVs in the US market. With 0% APR financing and substantial discounts still available, the IONIQ 5 continues to attract attention from buyers seeking value.
Hyundai IONIQ 5 September Offers and Pricing
The 2026 Hyundai IONIQ 5 starts at $35,000 (~AUD 49,057), positioning it as one of the most affordable electric vehicles currently available in the US. Following the expiration of the federal EV tax credit last September, Hyundai reduced prices on some trims by nearly $10,000 (~AUD 14,016).
For September, Hyundai is offering 0% APR financing for up to 60 months, with no payments required for the first 90 days. Buyers can also access up to a $3,000 (~AUD 4,205) discount on the IONIQ 5. In California, lease rates begin at $329 per month for 24 months with $4,999 due at signing, and an additional $3,500 MyFirstEV discount may be available. Outside California, total savings can reach $5,000 (~AUD 7,008), with leases starting at $319 per month for 24 months and $4,999 due at signing.
Model Variants and Range
The Hyundai IONIQ 5 SE RWD model is available to lease for $329 per month and offers an EPA-estimated range of up to 318 miles (~512 km). The Standard Range model provides an EPA-estimated range of 245 miles (~394 km).
Competitor Comparison
The 2026 Toyota bZ starts at $34,900 (~AUD 48,917) and is currently offered with 1.49% APR for up to 72 months. The bZ XLE trim leases for $449 a month for 36 months with $3,970 due at signing, while the XLE Plus, with up to 314 miles (~505 km) of range, is available for $459 a month for 36 months with $3,999 due at signing. The standard bZ offers 236 miles (~380 km) of range.
Leasing the Toyota bZ has an effective cost of $559 per month, compared to the IONIQ 5’s effective rate of $527 per month. The base Tesla Model Y RWD is available to lease from $499 per month for 36 months with $4,195 due at signing, resulting in an effective cost of $615 per month and up to 321 miles (~517 km) of range.
The 2027 Kia EV3 Light starts at $29,890 (~AUD 41,895) with up to 221 miles (~356 km) of range, while the EV3 Wind, offering up to 321 miles (~517 km) of range, starts at $34,990 (~AUD 49,043). The EV3 Wind FWD can be leased for $349 per month for 36 months with $3,999 due at signing, for an effective rate of $460 per month.
Why this matters
The Hyundai IONIQ 5 continues to offer strong value in the electric SUV segment, even as lease rates have increased slightly for September. With competitive financing, discounts, and a range that rivals or exceeds many competitors, the IONIQ 5 remains a leading choice for buyers seeking an affordable EV.
As incentives and pricing shift across the market, the IONIQ 5’s combination of affordability and range helps maintain its appeal among a growing field of electric vehicles.
What this means for buyers
Buyers considering an electric SUV will find the Hyundai IONIQ 5 remains one of the most accessible options, with attractive financing and lease offers still available despite a modest price increase. Those seeking maximum range may want to consider upgrading to the SE RWD model.
Comparing lease terms and effective monthly costs across models like the Toyota bZ, Tesla Model Y, and Kia EV3 can help shoppers identify the best fit for their needs and budget.
Key Specs
- Starting Price: $35,000 (~AUD 49,057)
- SE RWD EPA Range: 318 miles (~512 km)
- Standard Range EPA Range: 245 miles (~394 km)
- 0% APR Financing: Up to 60 months (72 months in some offers)
- Lease Offer (California): $329/month for 24 months, $4,999 due at signing
- Lease Offer (Outside California): $319/month for 24 months, $4,999 due at signing
- Maximum Discount: $5,000 (~AUD 7,008)
Source
Images sourced from: arenaev.com, electrek.co
