Hyundai’s smallest utility vehicle:
The 2019 Hyundai Kona crossover SUV is available. This spring, the Kona line expanded to include an all-electric model. As for the 2020s, dealers are receiving their initial allotment of this carryover model.
What’s significant about the Kona Electric is that it has a 258-mile range. That’s longer than what the Chevrolet Bolt and Nissan Leaf offer. Initially, it will be marketed in California followed by zero-emission states on both coasts. None of the offers published here cover the electric variant, however. What you will find is special financing for the Kona Electric as outlined below.
With a price tag of just $21,035, the 2019 Kona SE is about $3,460 more affordable than the larger Tucson. However, if you want the optional 1.6-liter turbo engine, you'll have to upgrade to a Kona Limited with an MSRP of $26,595.
The current offers are in place through October 31, 2019. Look for the next update in early November.
Offers vary by region; our examples are for California.
The current cash offers:
Choose a 2019 Kona and you’ll find $2,000 retail bonus cash on the Ultimate trims and $1,500 on most everything else. Opt for the limited-edition Iron Man trim and you'll find $500 in bonus cash. Hyundai also kicks in $250 in seasonal event cash, raising your potential savings to $2,250.
If you prefer a 2020 model, the Limited and Ultimate trims come with $1,250 in retail bonus cash. For all other trims, the cash amount is $1,000. If eligible, you can claim $500 in loyalty funds and add that to your total.
Please note, you can't combine these offers with the promotional financing deals.
Excellent financing offers:
Choose a 2019 Kona gas model and you’ll find 0.0-percent APR financing for 60 months or 2.9-percent APR financing for 72 months. Finding zero-percent financing in this era of elevated interest rates is a treat.
Opt for the Kona Electric and you'll pay 2.9-percent APR for 60 months or 3.9-percent APR for 72 months.
You should know that the Iron Man edition isn't covered by Hyundai's promotional financing offers. However, you may still be eligible for standard financing.
Financing offers on the 2020s are in place. Here, you'll find 0.9-percent APR financing for 60 months or 2.9-percent APR financing for 72 months. Ask your dealer about applying the $500 loyalty rebate, if eligible.
Lease your Hyundai Kona:
Select a 2019 Kona SEL and you’ll pay $209 per month for 36 months with $2,499 due at signing. With an effective cost of $278 per month, we consider this a fair deal.
As for the Kona Electric, the lease offer comes in at $349 per month for 36 months with $3,899 due at signing. Here, your effective monthly cost of ownership is $457, which is high.
Choose a 2020 Kona SEL FWD and you’ll pay $219 per month for 36 months with $2,499 due at signing. Your effective cost is $288 per month, which is a strong offer for the latest model.
Hyundai allows 10,000 miles per year for leases and charges a $400 disposition fee at lease end.