2022 hyundai ioniq-5
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2022 Hyundai IONIQ 5
$579 / month
$577 / month
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2022 Hyundai IONIQ 5 Prices and Deals

Joel Patel
Automotive Editor - May 5, 2022
  • 2022 Hyundai IONIQ 5s arriving
  • Lease: No advertised lease deals
  • Rebate: Plug-in incentives available
  • Finance: From 2.79% APR for 60 months

2022 Hyundai IONIQ 5 Arriving

The IONIQ 5 is an all-new EV with a range of over 300 miles and a starting price of just over $40,000. Unlike a Tesla, it's eligible for a full $7,500 federal EV tax credit. 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 May 31, 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.

Although a $7,500 federal tax credit should make the IONIQ 5 cheaper to lease, Hyundai Motor Finance (HMF) is 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.

Previously, we saw Hyundai offer a lease-like balloon financing option called Hyundai Evolve Retail. The 2022 IONIQ 5 SE Long Range was listed at $742 for 36 months with a $0 down payment. This could be an expensive option but does give consumers access to the tax credit. This balloon financing option is no longer available.

Hyundai IONIQ 5 Rebate Deals

Plug-in rebates available

There are no manufacturer rebates yet on the 2022 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


The IONIQ 5 is available with 2.79% APR financing for up to 60 months and 3.79% APR financing for 72 months.

We think it's unlikely that the IONIQ 5 will get 0% financing anytime soon.

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Advertised Lease Deals

2022 Hyundai IONIQ 5 SE Long Range EV (Balloon Financing) Lease Deal
$648Monthly Payment
Term Length (months): 36
Due at signing: $3,044
Mileage: 10k
MSRP: $44,895
Deal Valid in: Southern California
Expiration: 5/31/22

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

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CarsDirectPricing as of 5/20/22 in 20149
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Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.
Term(s)2425 - 3637 - 4849 - 6061 - 72
Rate %2.79%2.79%2.79%2.79%3.79%

Hurry! Offer expires

Leases For Similar Cars

Based on 2022 Hyundai IONIQ 5 SE Standard Range 4x2 - MSRP $41,195

Hyundai Lease Deals, Financing Incentives & Rebates: May 2022

We've put together a list of the latest & greatest Hyundai lease deals, rebates, and APR incentives. Get insider tips on how you can save the most money on a new Hyundai vehicle. View Hyundai Deals, Incentives and Rebates

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