Hyundai Incentives and Lease Deals for August 2024
When it comes to leases, the 2024 Hyundai Palisade and Sonata will likely offer Excellent value. The worst lease deals are probably going to be on the 2024 Hyundai Elantra N and 2024 Santa Fe Hybrid, you'll want to stay away from leasing these models.
Of note for August, Hyundai is forecast to offer up to $15,000 in cash rebates on the 2024 Hyundai Ioniq 5 Electric and $7,500 on the 2024 Ioniq 6 Electric. Overall, the average rebate across all Hyundai models is currently $3,500.
As for low APR deals, Hyundai will likely continue to offer 0% financing for 72 months, plus up to $35,000 cash back on the 2023 Hyundai Nexo Hydrogen.
Incentives can vary a lot by region. Always verify with your local dealers.
Ready to Negotiate the Best Hyundai Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
Hyundai Lease Deals Summary
The Bang for Buck for Hyundai leases has increased over the past year, up to 79 in June versus an average of 74 over the past year. A higher B4B value means you're getting more car for your money when leasing a Hyundai now versus over the past year on average. Using the average MSRP of Hyundai vehicles ($36,504), you would currently be saving $29 per month if you lease now versus over the past year on average, and saving $59 per month versus July, which was the worst month to lease.
Note: fluctuations you see in the chart when it comes to monthly payments is a combination of Bang for Buck values and changes in trim levels and MSRPs promoted in advertised lease deals (the trend is towards more expensive trims). There will not always be a perfect correlation between B4B and average monthly payments.
Best Current Hyundai Lease Deals August 2024
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| Hyundai Nexo Hydrogen 2023 Blue | $61,470 | $582 /mo | Excellent | West Coast | |
| Hyundai Palisade 2024 SE | $42,485 | $459 /mo | Excellent | Northeast | |
| Hyundai Sonata 2024 SEL | $28,615 | $313 /mo | Excellent | Northeast | |
| Hyundai Tucson 2024 SEL | $31,275 | $342 /mo | Excellent | Chicago | |
| Hyundai Kona 2024 SEL | $26,975 | $303 /mo | Excellent | Detroit | |
| Hyundai Santa Fe 2024 SE | $37,145 | $420 /mo | Good | Northeast | |
| Hyundai Tucson Plug-in Hybrid 2024 SEL | $40,100 | $459 /mo | Good | Multiregion | |
| Hyundai Elantra 2024 SEL | $24,725 | $289 /mo | Good | Multiregion | |
| Hyundai Tucson Hybrid 2024 N Line | $38,030 | $478 /mo | Good | Multiregion | |
| Hyundai Santa Cruz 2024 SE | $29,775 | $371 /mo | Good | Northeast | |
| Hyundai Elantra Hybrid 2024 Limited | $30,600 | $406 /mo | OK | Nationwide | |
| Hyundai Venue 2024 Limited | $24,545 | $339 /mo | OK | Detroit | |
| Hyundai Sonata Hybrid 2024 SEL | $31,950 | $455 /mo | OK | Nationwide | |
| Hyundai Santa Fe Hybrid 2024 SEL | $38,365 | $575 /mo | Poor | Nationwide | |
| Hyundai Elantra N 2024 | $34,850 | $585 /mo | Poor | Nationwide | |
Best Hyundai Cash Rebates
| Vehicle | Best Region | Max Rebate | Deals |
|---|---|---|---|
| 2024 Hyundai Ioniq 5 Electric | Nationwide | $15,000 | |
| 2024 Hyundai Ioniq 6 Electric | Nationwide | $7,500 | |
| 2024 Hyundai Santa Cruz | Nationwide | $2,000 | |
| 2024 Hyundai Elantra | Varies (Bonus Cash) | $1,500 | |
| 2024 Hyundai Elantra Hybrid | Nationwide | $1,500 | |
| 2024 Hyundai Tucson Hybrid | Varies (Bonus Cash) | $1,250 | |
| 2024 Hyundai Palisade | Varies (Bonus Cash) | $1,250 | |
| 2024 Hyundai Kona | Varies (Bonus Cash) | $1,000 | |
| 2024 Hyundai Sonata | Varies (Bonus Cash) | $750 |
Best Hyundai Finance Deals
| Vehicle | 48 mo | 60 mo | 72 mo | Deals |
|---|---|---|---|---|
| 2025 Hyundai Ioniq 5 N Electric | - | 5.49% | - | |
| 2024 Hyundai Venue | - | 4.9% | - | |
| 2024 Hyundai Tucson Plug-in Hybrid | - | 2.99% | - | |
| 2024 Hyundai Tucson Hybrid | - | 1.99%
+$500 |
- | |
| 2024 Hyundai Tucson | - | 1.99%
+$500 |
- | |
| 2024 Hyundai Sonata Hybrid | - | 3.99% | - | |
| 2024 Hyundai Sonata | - | 3.99% | - | |
| 2024 Hyundai Santa Fe Hybrid | - | 5.49% | - | |
| 2024 Hyundai Santa Fe | - | 3.99% | - | |
| 2024 Hyundai Santa Cruz | - | 2.99%
+$500 |
- | |
| 2024 Hyundai Palisade | - | 3.99% | - | |
| 2024 Hyundai Kona | - | 4.29%
+$500 |
- | |
| 2024 Hyundai Kona EV Electric | 6.49% | - | - | |
| 2024 Hyundai Ioniq 6 Electric | 2.99%
+$2,500 |
- | - | |
| 2024 Hyundai Ioniq 5 Electric | - | 0% | - | |
| 2024 Hyundai Elantra Hybrid | - | 1.99% | - | |
| 2024 Hyundai Elantra | - | 1.99%
+$500 |
- | |
| 2024 Hyundai Elantra N | - | 6.49% | - | |
| 2023 Hyundai Nexo Hydrogen | - | - | 0%
+$35,000 |
Ready to Negotiate the Best Hyundai Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
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Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
