A New Hyundai Ioniq 5 SEL AWD For $99 A Month

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About a week ago, two different individuals misinformed me that new electric vehicles cost over $180,000, or at least $40,000. I said nothing to either one because doing so might have started some pointless arguments. Instead I wrote 5 articles about affordable, new electric vehicles for purchase that cost much less than $40,000.

They are:

A Chevy Bolt for $17,000 (with incentives but before potential fuel and maintenance/repair savings.)

A Nissan Leaf for $28,0000 (with an incentive but before potential fuel and maintenance/repair savings.)

A Nissan Ariya for $31,000 (with no incentive and before potential fuel and maintenance/repair savings.)

A  Chevy Equinox EV For $28,000 (with incentives but before potential fuel and maintenance/repair savings.)

A Chevy Equinox EV for $32,000 (with no incentive but before potential fuel and maintenance/repair savings.)

Some folks might prefer to try a new EV lease rather than going all the way to a full purchase. In keeping with the theme of affordable new electric vehicles, I just found a new Hyundai Ioniq 5 SEL AWD for $99 a month, or at least that’s the offer. Writing the bit about the offer is not meant to imply anything underhanded is going on. It’s just that what is presented online may sometimes turn out to be different in person. The dealer is Stevensin Hyundai in Colorado.

Of course, with new car leases, one must be really careful to read all the fine print and make sure to comprehend what all the conditions are. Not understanding them well could lead to some unexpected expenses and ones that turn out to be rude or even painful. 

To that end, I copied and pasted  the lease disclaimer information below and increased the font size to make it considerably easier to read. In the information below, at first what popped out is the “$15,500 Hyundai Lease Cash.” So, I googled that and it is actually a sort of incentive, not what the prospective lessee has to pay. This is from the Google AI overview: “Think of it like a discount specifically for leasing. It’s a lump sum of money provided by the manufacturer to make leasing more appealing.” So, that’s not a problem.

One deal-breaker for some drivers might be the annual mileage limit, which is 12,000 miles. Going over that presumably would trigger some kind of extra charges. Of course, there are some drivers who don’t drive much, so they would be able to be in compliance and may drive far less.

I have not owned or test driven a Hyundai Ioniq 5 SEL AWD, so I can’t comment about it from personal experience. It does appear to be well-reviewed in online articles and YouTube videos.

Disclaimer

Photo is for illustration purposes only. Disclaimer. 2025 Hyundai Ioniq 5 SEL AWD – Lease as low as $99 a month with $999 Down! Disclaimer. Available on select new 2025 Hyundai Ioniq 5 SEL AWD. Example stock # SHL250614. See dealer for details. Lease for 24 months. Payment as low as 99/mo. $999 due at signing + tax*.

12,000 allowable miles per year.
Requires $15,500 Hyundai Lease Cash and $3850 CO Innovative Tax Credit.
Option to purchase at lease end for a predetermined residual value plus any applicable charges for excessive mileage, repairs, and reconditioning. No Security Deposit. Lessee is responsible for excess wear and tear.
Lease end charges may be applicable.
On approved credit. Payment plus tax, title, license, acquisition fees, and $699 dealer handling fee.
Image for illustration purposes only. Offer Ends: 9/2/2025.

Steve Hanley wrote a long article about this EV, and this quote may encapsulate it succinctly, “InsideEVs is just as straightforward with its praise. It says that over the past few years, one car in particular has emerged as perhaps the strongest pound for pound Tesla Model Y alternative in the US market — the Hyundai Ioniq 5.”

There are many benefits electric vehicles have, such as not directly generating toxic air pollution that harms human health. They also can be run on electricity from clean, renewable sources, and electric grids are getting cleaner continually. Fossil fuels are the primary contributor to climate change and internal combustion engines generate toxic emissions that are harmful to the planet and for people.

EV owners save money by charging their electric vehicles with electricity, which costs less than gasoline. So, for the Hyundai lease at $99 a month, if the driver saves $40 a month by using electricity instead of paying more for gasoline, the effective monthly payment would be $59.