Best Hyundai Deals & Must-Know Advice: July 2021

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - July 12, 2021

This month’s best Hyundai deals involve lease special starting at just $159/month on the popular Elantra sedan. Alternatively, you can enjoy 0% APR plus a 90-day payment deferral on select models. In an unusual development, the budget-priced Venue crossover is now the cheapest SUV you can lease.

Eco-conscious shoppers should be aware that the Kona EV ranks among the best leases for $199 or less in places like California. However, SUV shoppers should know that all Hyundai Palisade deals have abruptly been canceled in the month of July.

Offers from Hyundai vary by region and expire August 2, 2021. Examples listed here are for Los Angeles but expect to see similar deals elsewhere.

Updated July 12

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 $159/month (2021 Elantra) 0% APR for 60 months + $500 Finance Bonus (2021 Elantra) Up to $1,500 (2021 Elantra)
Hyundai Kona
Hyundai Kona
Lease from $189/month (2021 Kona) 0% APR for 60 months + Up to $500 Finance Bonus (2021 Kona) Up to $1,500 (2021 Kona)
Hyundai Tucson
BMW 320
Lease from $179/month (2021 Tucson) 0% APR for 60 months + Up to $500 Finance Bonus (2021 Tucson) Up to $1,500 (2021 Tucson)
Hyundai Sonata
Hyundai Sonata
Lease from $169/month (2021 Sonata) 0% APR for 60 months + Up to $500 Finance Bonus (2021 Sonata) Up to $1,500 (2021 Sonata)
Hyundai Santa Fe
Hyundai Santa Fe
Lease from $209/month (2021 Santa Fe) 0% APR for 48 months (2021 Santa Fe) Up to $1,000 (2021 Santa Fe)

Explore the full Hyundai lineup »

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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.

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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