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3/4 Front Glamour 2023 Hyundai Kona
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Learn More About The Hyundai Kona Electric

What you must know before purchasing your Kona Electric. Use this pricing analysis to negotiate the best price with the dealer.

Highlights:

  • 2023 Hyundai IONIQ 5 expected soon; 2022s available
  • Lease: No advertised lease deals
  • Rebate: Plug-in incentives available
  • Finance: From 3.75% APR for 60 months

2023 Hyundai IONIQ 5 Expected Soon; 2022s Available With Limited Availability

The IONIQ 5 is an all-new EV with a range of over 300 miles and a starting price of just over $40,000. Hyundai already has a handful of deals for buying & leasing its newest electric car.

Shoppers should be aware that the base model IONIQ 5 won't be available until the spring. For now, the cheapest model is the 303-mile EV with an MSRP of almost $45,000. Hyundai is limiting initial IONIQ 5 sales to AZ, CA, CO, CT, FL, IL, ME, MD, MA, NJ, NY, OR, PA, RI, TX, VT, VA, and WA.⁠

Current offers end on October 3, 2022. Examples here are for Southern California unless noted otherwise. This page is updated monthly with the most recent incentives, so be sure to check back for the latest info.

Hyundai IONIQ 5 Lease Deals

No advertised lease deals

Hyundai doesn't have an advertised lease incentive yet on the 2022 IONIQ 5 or 2023 IONIQ 5.

Although a $7,500 federal tax credit was available to make the IONIQ 5 cheaper to lease, Hyundai Motor Finance (HMF) was actually keeping the incentive to itself. Normally, automakers that make electric cars & SUVs pass the savings on to consumers in the form of lease cash. The IONIQ5 is no longer available with a Federal Tax Credit, though state rebates may still be available.

The 2022 IONIQ 5 SE Standard Range is available with a lease-like balloon financing option called Hyundai Evolve Retail. The electric car is listed at $610 per month for 36 months with $3,059 due at signing. The 2023 IONIQ 5 SE Standard Range is slightly more affordable with a monthly payment of $600 per month for 36 months with $3,077 due at signing.

Hyundai IONIQ 5 Rebate Deals

Plug-in rebates available

There are no manufacturer rebates yet on the 2022 IONIQ 5 or 2023 IONIQ 5. However, you will find a variety of state & local plug-in rebates depending on where you live.

For example, the California Clean Vehicle Rebate (CVRP) offers a $2,000 post-purchase incentive on EVs. In addition, the California Clean Fuel Reward (CCFR) provides upfront savings of $750. That's $2,750 in potential incentives for those who qualify.

Manufacturer incentives can typically be combined with state plug-in incentives, but be sure to read the applicable fine print just to be sure.

Hyundai IONIQ 5 Finance Deals

RATES FROM 3.75% APR

The 2022 IONIQ 5 is available with 3.75% APR financing for up to 60 months and 4.75% APR financing for 72 months. These rates are slightly higher than the ones that were available for the IONIQ 5 earlier this year. The 2023 IONIQ 5 isn't available with a special financing deal this month.

Current Finance Deals

No financing deals are available at this time for the Hyundai Kona Electric.

Current Lease Deals

No lease deals are available at this time for the $year Hyundai Kona Electric.

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Available in an unusually wide variety of flavors, the 2022 Hyundai Kona is a small five-seat crossover SUV with a spunky personality.

This year, the Kona sees fresh styling outside and a few tweaks inside, plus the addition of a new N-Line appearance package and a Kona N performance model. The Kona is also available in an all-electric configuration.

Most Kona models use a 2.0-liter inline-4 rated at 147 hp, while N-Line and Limited versions step up to a 195-hp turbo-4. The Kona N draws its inspiration from the Veloster N and Elantra N with its rorty 276-hp turbo-4. All models except the Kona N can be had with all-wheel drive.

With their efficiency-oriented continuously variable automatic transmission (CVT), models with the 147-hp engine deliver 32 mpg combined, or 28/33/30 mpg with all-wheel drive. The turbo-4 is nearly as thrifty at 32 mpg combined with front-wheel drive and 29 mpg combined with all-wheel drive. Kona N versions are far thirstier, as you might expect given their power output advantage.

All models earn a five-star crash-test rating from the NHTSA and top marks from the IIHS. All Konas come with standard automatic emergency braking and active lane control. The SEL and above add blind-spot monitors, while adaptive cruise control is available on higher-end models.

Model Lineup

The Kona range starts at about $22,500, which buys power features, 16-inch wheels, cruise control, cloth seats, and an 8.0-inch touchscreen with wireless Android Auto and Apple CarPlay connectivity. SEL models run $1,800 more, which buys blind-spot monitors, a proximity key, and access to the $1,700 Convenience Package with its sunroof, seat heaters, wireless charging pad, and automatic climate control.

At a hair over $27,000, the Kona N-Line adds the mid-level turbo engine plus sportier styling and a digital instrument cluster. Another $2,500 buys the Tech Package with its 10.3-inch touchscreen, Harman Kardon audio, sunroof, adaptive cruise control, and LED exterior lighting.

For just under $30,000, the Kona Limited also makes use of the turbo engine, but it goes in a more luxurious direction with its leather upholstery. It includes many of the features optional on the N-Line including the upsized infotainment screen and adaptive cruise control.

All-wheel drive costs $1,500 on SE, SEL, N-Line, and Limited trims.

The Kona N exists in its own space for about $35,200. It comes only with front-wheel drive and it features most of the features available on the N-Line in a single configuration. You?ll need only pick your color ? red, white, or black.

Exterior

More like a chunky hatchback than a squat SUV, the Kona has attention-grabbing looks. Most versions have plenty of unpainted lower cladding that lends a rugged look ? albeit not one backed up by any serious four-wheeling capability. This year?s tweaks include a widened grille and faux skid plates that give the Kona a fresh appearance compared to last year?s model.

N-Line and Kona N models have color-matched exterior trim with red details for a downright sporty look.

Wheel options run the gamut, from simple alloys on the SE up to intricate designs on the Limited.

Interior

The Kona has a clean, functional cabin with its touchscreen mounted up high on the dash and plenty of redundant buttons below. Its air vents and the trim around the touchscreen (regardless of size) enter 2022 with fresh styling, but otherwise the Kona is largely unchanged over last year?s model.

Front seats with good bolstering and a fair amount of adjustment ? especially with the power-adjustable driver?s seat fitted to N-Line and higher versions ? mean drivers should have no problem getting comfortable. The rear seat is a tight fit for three but offers decent leg room.

Cargo room grows to an impressive 46 cubic feet with the rear seat back folded down, and the load floor is pleasantly low for easy loading and unloading of whatever life throws at you. Most versions have roof rails that can accommodate attachments for bikes, skis, kayaks, and other gear.

Driving Impressions

How the Kona goes about its business depends on what?s underhood.

SE and SEL versions use a carryover 147-hp inline-4 with a new CVT that delivers middling acceleration but can keep up well enough with traffic around town. The turbo-4 in N-Line and Limited versions is far peppier, though its 7-speed dual-clutch automatic transmission can struggle at lower speeds as it figures out what gear is best for the situation.

Those models have soft, compliant suspension tuning and light but accurate steering.

They?re not necessarily fun to drive, but they handle competently and feel at home in basic commuting or highway stints. A Sport mode tightens up steering heft for a zippier feel, too. All-wheel-drive models swap in a higher-tech multi-link rear suspension that delivers a more planted feel on the road, too.

The Kona N, meanwhile, is in a class of its own. Yes, its big turbo-4 produces an impressive 276 hp, but perhaps most impressive is its slick handling. Its suspension ? with adjustable dampers set to three modes varying from ?firm? to ?very, very firm? make it a tough call for daily driving over rough pavement, but it can be a thrill machine on a winding road.

Final Word

With a fun personality to match its quirky styling, the Hyundai Kona is a standout among small crossover SUVs ? especially with turbocharged power underhood.

 

?by Andrew Ganz, with driving impressions from The Car Connection

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