Hyundai’s top-selling electric SUV is on sale. Starting at just $17,820, the Nissan Versa is America’s cheapest car, but with massive incentives, the 2024 Hyundai IONIQ 5 is even more affordable to lease.

With over 34,000 models handed over last year, Hyundai’s IONIQ 5 was the sixth best-selling EV in the US.

The momentum has not slowed in 2024 as sales have climbed steadily. After setting new sales records in March and May, nearly 15,000 IONIQ 5 models have been sold through the first five months of the year.

With massive new incentives, you can now lease a 2024 Hyundai IONIQ 5 for less than America’s cheapest car.

The 2024 Nissan Versa is the cheapest car in the US, starting at $17,820. However, without any promotions, you can lease a long-range, fast-charging electric SUV for less (and it looks way cooler).

Nissan’s Versa is listed at an estimated $381 per month to lease, according to online auto research firm CarsDirect. That’s for 36 months with $0 down and a $19,490 MSRP (2024 Versa S CVT).

Hyundai IONIQ 5 lease prices are the cheapest yet

At just $229 for 24 months, the 2024 Hyundai IONIQ 5 SEL RWD (with up to 303 miles range) is a much better deal. With $3,499 due at signing, the effective cost is $375 per month, $6 cheaper than the Versa.

Considering the IONIQ 5’s $48,775 MSRP, the lease deal is hard to pass up. I mean, it’s even less per month than the cheapest car in the US.

Hyundai is able to offer such a low monthly payment by factoring in $10,000 in lease cash. The 2024 IONIQ 5 SEL RWD is not only one of the most affordable EVs in the US but also one of the most efficient.

In an exclusive interview with Electrek last month, Hyundai America CEO Randy Parker told us that the automaker is “humble and hungry” to distance itself from the competition. It’s doing so by giving customers confidence with long-range, fast-charging EVs at an affordable price.

Hyundai EV drivers have more to look forward to, as they will gain access to over 12,000 Tesla Superchargers by the end of the year.

If you want to take advantage of Hyundai’s huge lease discount, we can help you get started. You can use our link to view deals on the 2024 Hyundai IONIQ 5 at a dealer near you.