Best Hyundai Deals & Must-Know Advice In February

By

Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

, Automotive Analyst - February 5, 2021

Leasing a Hyundai continues to be an affordable option. The 2020 Santa Fe is one of the best values available this month starting at $189/month. Much of the lineup including the 2021 Elantra, Kona, and Sonata all feature lease payments under $200.

Hyundai's 0% APR deals continue to be a good option on remaining 2020 models as well as new 2021s. The 2021 Sonata and Tucson feature one of the best offers of 0% APR for 60 months. In lieu of promotional financing, cash rebates can reach $3,500 depending on which model you choose.

Offers from Hyundai vary by region and expire March 1, 2021. Examples listed here are for Los Angeles but expect to see similar deals elsewhere.

Best Hyundai Lease Deals, Financing Incentives & Rebates

Model Best Hyundai Lease Deal Best Hyundai Financing Deal Best Hyundai Rebate
Hyundai Elantra
Hyundai Elantra
Lease from $169/month (2021 Elantra) 0.9% APR for 60 months + $500 Finance Bonus (2021 Elantra) Up to $1,500 (2021 Elantra)
Hyundai Kona
Hyundai Kona
Lease from $185/month (2021 Kona) 0% APR for 48 months (2021 Kona) Up to $3,000 (2021 Kona)
Hyundai Tucson
BMW 320
Lease from $179/month (2021 Tucson) 0% APR for 60 months + $500 Finance Bonus (2021 Tucson) Up to $3,500 (2021 Tucson)
Hyundai Sonata
Hyundai Sonata
Lease from $169/month (2021 Sonata) 0% APR for 60 months (2021 Sonata) Up to $2,500 (2021 Sonata)
Hyundai Santa Fe
Hyundai Santa Fe
Lease from $189/month (2020 Santa Fe) 0% APR for 72 months +$1,000 Finance Bonus (2020 Santa Fe) Up to $2,000 (2020 Santa Fe)

Explore the full Hyundai lineup »

Back to top

Must-Know Advice For Hyundai Buyers

Some of the best rebates. Hyundai tends to offer far better rebates compared to brands like Toyota and Mazda. Expect to see the best deals on sedans like the Elantra, Sonata, and SUVs like the Tucson and Santa Fe. In some instances, you may be able to choose 0% financing for up to 72 months and save more money than choosing a rebate.

Discounts can vary. Hyundai discounts can sometimes vary by trim. For example, the Elantra SE tends to see smaller discounts compared to the Limited. As a result, we often find that upgrading to a higher trim can be a smart move. Looking to save a little extra? Hyundai "Event Bonuses" can offer up to an extra $500 in savings around holidays.

How to get the best deal. As far as how discounts work, shoppers will generally have to choose between Retail Bonus Cash and low APR. There may be exceptions, such as Standard Rate Bonuses, which reward you for taking out a loan through Hyundai Motor Finance (HMF) at standard (non-promotional) rates.

Shoppers should also be aware that Hyundai makes dealers adhere to strict advertising restrictions. As a result, the price you see online may not actually be the dealer's best price. To see the lowest price, you may need to request a formal quote due to a limitation called MAAP (Minimum Allowable Advertised Price).

Cheap leases, with a catch. Hyundai lease prices tend to be extremely competitive, although a recent trend has been for the brand to cut its mileage allowances as a result. Expect models like the Elantra and Santa Fe to rank among the cheapest lease deals due to very generous discounts.

Discounts for grads. Recent grads may be eligible for the Hyundai College Graduate Program. It features a $400 bonus that can be combined with most other incentives, although you'll have to finance or lease in order to get it. For added value, consider a used car through the Hyundai Certified Pre-Owned Program.

Big redesigns are coming. Those looking to buy the latest & greatest should know that Hyundai's lineup is getting some major updates. For example, the 2021 Elantra will boast a more upscale look, while the 2021 Santa Fe could be mistaken for a luxury vehicle. In the case of the popular Palisade, limited inventory is keeping prices close to MSRP with few incentives to speak of.

Back to top

, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

Privacy Policy|Do Not Sell My Personal Information|Terms of Use|Cookie Policy|Disclaimer|
COPYRIGHT 1999-2021 MH Sub I, LLC dba CarsDirect.com