Hyundai Drops Hot Ioniq 5 N Lease Deal For May

Few cars have done more to change the passionless reputation of electric vehicles than the Hyundai Ioniq 5 N. It proved that a fully electric car could turn heads and be genuinely thrilling to drive. Unlike so many other EVs, it's not a one-dimensional experience, either: the Ioniq 5 N is quick in a straight line but also entertaining at sane speeds and around bends. There's more good news about this groundbreaking EV, as you can now lease one this month for way less than two years ago. There are only a few days left to take advantage of this deal, so here's what you need to know.

This Month's Hyundai Ioniq 5 N Lease Deal

This Hyundai isn't the cheapest EV around, but there's nothing average about its performance credentials. The Hyundai ioniq 5 N's lease price for May 2026 is $699 per month over 36 months, with $3,999 due at signing. This applies to 2025 models, so Hyundai is clearly still trying to move these off the showroom floor as EV demand has waned.

This Hyundai Ioniq 5 N leasing deal excludes tax, title, licensing, and registration costs. In terms of mileage, 10,000 miles are included annually, and you'll be liable for a fee of $0.20 for every additional mile over this limit. The deal runs until June 1, 2026, so there's only a few days remaining. We recommend visiting Hyundai's website and using your zip code, as the terms and availability of this offer may vary from one state to the next.

Two years ago, the Hyundai Ioniq 5 N's lease deals were much pricier, which underlines the greater EV optimism back then. Here's a comparison of the Hyundai's lease costs then and now, based on 2024 data from Cars Direct:

Two years ago, the Hyundai Ioniq 5 N's leasing offers had an effective monthly cost of $1,096. If you take up the current deal, it's $810, a massive drop of 26%.

Related: 2025 Hyundai Ioniq 5 N: One of the few EVs that makes you laugh

An Unforgettable Drive

Driving the Hyundai Ioniq 5 N at Laguna Seca gave us the opportunity to appreciate what Hyundai has accomplished with this car. It may weigh 4,681 pounds, but it doesn't feel that heavy; the EV is wonderfully balanced and the steering has perfect weighting to it. The N e-Shift function that simulates the shifts of a proper dual-clutch gearbox adds to the fun, and you can also activate drift mode if you're in a suitable environment. Even the N Active Sound+ system doesn't come across as contrived as it does in many other EVs.

Producing up to 641 horsepower from its dual motors, the Ioniq 5 N has been tested reaching 60 mph in around three seconds, which is difficult to wrap your head around. This is, after all, a family-friendly Hyundai crossover. And you get to enjoy this insane level of performance without worrying about high gas bills. One of the only downsides? The 2025 model has a range of just 221 miles on a full charge.

Related: Hyundai's Latest Ioniq 5 N Keeps the Thrill, Drops Some Luxuries

Final Thoughts

The case for buying this performance EV is even stronger now than it was two years ago, as lease costs have dropped substantially. At the same time, gas prices have skyrocketed, leaving enthusiasts with a bit of a dilemma if they want to keep costs down while also driving something engaging. Assuming you have a second car for longer trips and can charge the Ioniq 5 N at home, it's a formidable package and will very likely change your perception of driving an EV.

Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle.

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This story was originally published May 30, 2026 at 6:45 AM.