Is the Hyundai Ioniq 5 lease a good deal?

Advertised at $349/mo, the Hyundai Ioniq 5 truly costs about $543/mo once the $4,999 due at signing is spread across the 24-month term. We grade it C.

What is the real monthly cost of the Hyundai Ioniq 5 lease?

About $543 per month, versus the $349 advertised payment.

Hyundai Ioniq 5 Lease Deals: $349/mo, True Cost $543/mo (November 2026)

Name: Hyundai Ioniq 5 lease
Brand: Hyundai
Price: 349 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$349/mo

Due at signing$4,999

Term24 months

True cost$543/mo

GradeC

Offer endsNovember 30, 2026

vs rivals: Chevrolet Equinox EV $633/mo · Kia EV3 $460/mo · Subaru Uncharted $576/mo

All 41 small SUVs with a lease, ranked →

Deal grade

Advertised

$349/mo

True cost

$543/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.45%. How we grade

How $349 becomes $543

The ad says $349 a month, and it also asks for $4,999 at signing.
$349 of that is your first payment. The other $4,650 is extra money that you pay up front.
Spread across the 24 months of the lease, $4,650 is $194 a month.

$349advertised payment

$194up-front money, each month

$543true cost a month

$4,999

Due at signing

24 mo

Term

$13,026

Total cost

1.45%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 SE RWD MSRP $37,500	$349	$4,999	24 mo	$543	C
2027 SE RWD MSRP $37,750	$369	$4,999	24 mo	$562	D
2026 SEL RWD MSRP $39,800	$389	$4,999	24 mo	$581	D
2027 SEL RWD MSRP $40,200	$409	$4,999	24 mo	$600	D

The math for the 2026 SE

Due at signing, with payment 1 in it: $4,999
23 more payments of $349: $8,027
Total for 24 months: $13,026
True cost each month: $543
Cost for each mile, with 24,000 miles allowed: $0.54
Lease cash already in the payment: $6,750

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$339/mo

True cost

$533/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.52%. How we grade

How $339 becomes $533

The ad says $339 a month, and it also asks for $4,999 at signing.
$339 of that is your first payment. The other $4,660 is extra money that you pay up front.
Spread across the 24 months of the lease, $4,660 is $194 a month.

$339advertised payment

$194up-front money, each month

$533true cost a month

$4,999

Due at signing

24 mo

Term

$12,796

Total cost

1.52%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 SE Standard Range RWD MSRP $35,000	$339	$4,999	24 mo	$533	D
2026 SE RWD MSRP $37,500	$349	$4,999	24 mo	$543	C
2027 SE RWD MSRP $37,750	$369	$4,999	24 mo	$562	D
2027 SEL RWD MSRP $40,200	$409	$4,999	24 mo	$600	D

The math for the 2026 SE Standard Range

Due at signing, with payment 1 in it: $4,999
23 more payments of $339: $7,797
Total for 24 months: $12,796
True cost each month: $533
Cost for each mile, with 24,000 miles allowed: $0.53
Lease cash already in the payment: $7,750

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

A+

Deal grade

Advertised

$379/mo

True cost

$379/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.00%. How we grade

How $379 becomes $379

Nothing more than a payment is due at signing, so this lease costs what the ad says.

Due at signing

24 mo

Term

$9,096

Total cost

1.00%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2027 SE RWD MSRP $37,750	$379	$0	24 mo	$379	A+
2027 SEL RWD MSRP $40,200	$429	$0	24 mo	$429	A
2026 SE RWD MSRP $37,500	$349	$4,999	24 mo	$543	C
2026 SEL RWD MSRP $39,800	$389	$4,999	24 mo	$581	D

The math for the 2027 SE

Due at signing: $0
24 payments of $379: $9,096
Total for 24 months: $9,096
True cost each month: $379

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

A+

Deal grade

Advertised

$462/mo

True cost

$462/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.06%. How we grade

How $462 becomes $462

Nothing more than a payment is due at signing, so this lease costs what the ad says.

Due at signing

24 mo

Term

$11,088

Total cost

1.06%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2027 SEL AWD MSRP $43,700	$462	$0	24 mo	$462	A+
2026 SE RWD MSRP $37,500	$349	$4,999	24 mo	$543	C
2027 SE RWD MSRP $37,750	$369	$4,999	24 mo	$562	D
2026 SEL RWD MSRP $39,800	$389	$4,999	24 mo	$581	D

The math for the 2027 SEL

Due at signing: $0
24 payments of $462: $11,088
Total for 24 months: $11,088
True cost each month: $462

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Hyundai Ioniq 5 lease changed

Since October 12, 2026, the true cost stayed at $543 a month.

October 12, 2026: $349/mo, $4,999 due, 24 mo: $543
October 17, 2026: $349/mo, $4,999 due, 24 mo: $543
October 31, 2026: $349/mo, $4,999 due, 24 mo: $543
November 5, 2026: $349/mo, $4,999 due, 24 mo: $543
November 11, 2026: $349/mo, $4,999 due, 24 mo: $543

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among small SUVs

The Hyundai Ioniq 5 has the 32nd lowest true cost of 41 small SUVs with an advertised lease this month. The lowest is the Mazda CX-30 at $316 a month.

The middle true cost in the class is $411 a month, and the Hyundai Ioniq 5 costs $132 more. Each month it costs 1.45% of its MSRP, and the middle of the class is 1.33%.