Joel Patel / Digital Trends

TheHyundai Ioniq 5has long been one of the most - loved electric vehicles , thanks to its unique and silken design , substantial range and charging speed , and reasonable terms . But , it turn out , that price is even more reasonable than you might cerebrate — if you ’re willing to lease it .

Current offers

Hyundai has been very aggressive in essay to get Ioniq 5 building block into the hand of customers , and at the time of this authorship , you could let the fomite for as little as $ 219 per month for 36 calendar month , with $ 3,486.45 due at sign language . Over the 36 months , that equates to around $ 315.85 per month . Not unfit at all . That ’s for the Ioniq 5 SE , which is the launching - horizontal surface model .

To be fair , this particular letting deal expires on July 1 , which is the 24-hour interval of writing this piece . However , it ’s not alone — and as observe , Hyundai has been passably ordered in offering the Ioniq 5 at incredibly low price . AsElectrek points out , this lease price is a dispirited price than the lease price for the Nissan Versa , which is the meretricious auto in America to buy .

Even theIoniq 5 SELwas useable at a very reasonable lease price . Hyundai was offering the vehicle for $ 229 per month for 24 months , with $ 3,499 due at the signing of the lease . The full payment when you factor in the initial defrayment comes to only $ 374.80 per calendar month — and for some it may be deserving it considering the fact that the SEL model has a foresighted scope and some more premium features .

Should you lease?

Of course , to get these offers , you ’ll have to be willing to let the vehicle — and not everyone will be willing to do so .

However , leasing elevator car has become more popular over the retiring few years , and it does make sense . Electric vehicles are improving relatively apace , and new models are being released on a veritable base . The average eld of a car or unaccented motortruck on the road in the U.S. is 12.6 years according todata from S&P Global Mobility , which is a record . But not everyonewantsto keep a car for that long — or else wanting to trade - in for a new model every few years . That ’s where leasing can come in ready to hand — not to cite the fact that leasing commonly clear for lower monthly payment .

However , there ’s still something to be say for vehicle ownership . possession may imply eminent monthly payments , but those monthly payments eventually stop . When you lease car after gondola , requital go on forever . Not only that , but leases ordinarily limit a number of mi that you ’re allowed to force — and if you go over that figure , you could end up spend a mint .

Not everyone should lease — but if you are interested in leasing an EV , theIoniq 5 is easily worth it , consider the lease prices uncommitted for the vehicle justly now .