Given the performance of the Hyundai Ioniq 5 N, affordability might not be the first thing that comes to mind. However, it’s now cheaper to lease in the States than before, as Hyundai prepares for the 2026 model release and works to clear out existing inventory, even though no major changes are expected.

Read: Hyundai Ioniq 5 N Owners Report Dangerous Acceleration After Software Fix

Leasing the Ioniq 5 N had previously been quite expensive, with monthly payments set at $899 for 36 months, plus a $3,999 down payment due at signing before taxes and delivery fees. This brought the effective cost to about $1,010 per month. That’s an eye-watering amount, and nearly double some of the lease deals we’ve seen for the Lucid Air in recent months.

Now, Hyundai has slashed the Ioniq 5 N lease to $699 per month for 36 months, keeping the $3,999 down payment at signing. This offer kicked in on May 9 and will run until June 2, so you’d better hurry if you’re interested.

From what we learned, Hyundai achieved this drop by cutting the Money Factor (the interest rate used to calculate the rent charge) to .00017 for 24-month/12,000-mile leases and .00016 for 36-month/10,000-mile leases, while also inflating the residual values (the car’s expected value at the end of the lease) to 52% and 45%, respectively.

For the 36-month/10,000-mile option with the down payment, the effective monthly lease comes out to $810 before taxes and delivery fees. If you opt for a zero down payment, the total rises to $848.17 due to the higher interest rate. Hyundai also offers a purchase option at the end of the lease for $32,484, plus an additional $300 fee.

Other Options

While this deal might be too good to refuse for some, it’s worth keeping in mind that Kia is gearing up to launch its facelifted EV6 GT, and it features many of the same features as the Ioniq 5 N. In addition to rocking the same basic dual-motor powertrain, it has been updated with the same Virtual Gear Shift function as the Hyundai and promises an ICE-inspired soundtrack, too.

If you’re looking to buy, the Ioniq 5 N starts at $67,675. On one hand, that’s fairly reasonable for an electric vehicle that offers practicality alongside supercar-level performance. On the other hand, it’s still significantly more expensive than the Tesla Model 3 Performance, which starts at $54,990.

Review: What’s It Like Living With The Hyundai Ioniq 5 N?

Plus, if you go for colors like Stealth Grey, Pearl White, or Deep Blue metallic, the flagship Model 3 qualifies for the $7,500 federal tax credit, bringing the price down to $47,490 before taxes and fees. Something to keep in mind.

That said, for those looking for an EV that prioritizes driver involvement in a way no other competitor currently does, the Ioniq 5 N remains a solid choice. With up to 641 horsepower, it can go from 0 to 62 mph (100 km/h) in just 3.4 seconds, and it even allows you to adjust the power split between the front and rear wheels for a truly customizable experience.

The Hyundai Ioniq 6 is a brilliant EV, but its design has always been a little controversial. Now, the brand has launched a facelifted version of the Ioniq 6, and it certainly looks a lot sleeker while retaining the streamlined shape of the model we’re all familiar with.

This new Ioniq 6 has been unveiled at the Seoul Mobility Show, although no clear images of the revised rear-end have been published. Fortunately, we have been provided with a good look at the overhauled front fascia. Not only does it look more refined than the old model, but it’s also more aggressive, particularly in N Line guise.

Read: Hyundai Ioniq 6 N Could Be Even Better Than The 5 N

One of the more peculiar parts of the outgoing model was the headlights. Just like Hyundai did with the Sonata, the carmaker has ditched these weird lights in favor of split lights, consisting of thin LED daytime running lights and separate headlamps positioned lower in the bumper. It makes a world of difference to the EV’s design.

Those who want something a little more aggressive would be wise to opt for the new Ioniq 6 N Line. It opens up the front fascia, and much like the Elantra N, includes a gaping wide grille and air intakes. Hyundai is also promising a new rear bumper that incorporates more black parts, and has showcased the N Line with distinctive silver and black wheels.

The rear of the new Ioniq 6 retains the LED light bar of the outgoing model, but now includes a large ducktail lip spoiler. It’s also ditched the odd second spoiler that was positioned at the base of the rear window, and it looks much better because of it.

“IONIQ 6 has evolved from a single Electrified Streamliner into a lineup, each model expressing its own character while staying true to one refined vision,” the head of Hyundai Design Center, Simon Loasby said of the new model. “Under the evolved design concept of ‘Pure Flow, Refined’, we’ve enhanced every line and detail to make IONIQ 6 simpler and more progressive.”

Some minor tweaks have been made to the cabin of the new Ioniq 6, too. For example, there’s a different three-spoke steering wheel, the window switches have been repositioned, and there are new USB ports. No technical details about the new model have been announced.

Hyundai Ioniq 6 N

Perhaps the most exciting titbit from these images is our first proper teaser of the long-awaited Hyundai Ioniq 6 N. It’s inspired by the RN22e concept from a few years ago and has been showcased with a bespoke rear fascia, a large fixed rear wing, and new LED taillights. There’s no word on its power, but it should have the same basic dual-motor system as the Ioniq 5 N, producing the same 641 hp and also featuring synthetic exhaust sounds and a simulated eight-speed dual-clutch transmission. It will be unveiled in July.