Hyundai Lease Deals August 2026: Every Model Ranked

Hyundai spent August moving cash into its midsize and three-row SUVs, and it took the money out of the IONIQ 5. Every Santa Fe and Santa Fe Hybrid trim except the two SE FWDs picked up $1,500 more Lease Cash, worth about $45/month. The Palisade Limited AWD went from $1,500 to $3,300 and dropped ~$54/month, the biggest cut in the lineup. The IONIQ 5 went the other way: residuals fell on all eight trims and every one is more expensive.

The rate sheet barely moved. Most of the lineup is still parked at the 0.0024 wall (5.76% APR), and the money factor changes that did happen are worth $1 to $5/month. One exception is loud: the Tucson PHEV Limited went from 0.00235 to 0.00032 (0.77% APR), the lowest rate Hyundai publishes this month, while its $4,750 Lease Cash went to zero. That trade is worth $9/month. Kona and Santa Cruz did not change at all.

August 2026 Lineup: Cash Moved to the SUVs

August is a cash month, not a rate month. The Santa Fe, Santa Fe Hybrid, Palisade Limited AWD, and three Palisade Hybrid trims all took Lease Cash increases worth $45 to $54/month. The Tucson family shaved $4 to $5/month on small rate cuts. Everything else either moved $1/month or sat still.

The one family that got worse is the IONIQ 5. Hyundai cut residuals on all eight trims by 1 to 3 points and trimmed cash on five of them. Every IONIQ 5 is $19 to $29/month more expensive than it was in July.

Santa Fe: $1,500 More Cash on Everything but the SE FWD

Every Santa Fe trim except the SE FWD gained $1,500 in Lease Cash. That is about $45/month off, and it happened without touching the money factor. The SEL AWD went from ~$530 to ~$485, the Limited AWD from ~$629 to ~$584, and the XRT AWD from ~$569 to ~$524.

The SE FWD did not move. It holds $5,000 Lease Cash at 0.0024 (5.76% APR) and ~$416/month, because it already carried the most cash in the family. The interesting trim is the SE AWD: $3,000 cash, a 64% residual that is the highest in the family, and ~$445/month. That is $29/month for all-wheel drive plus six points of residual.

The Calligraphy trims keep the rate subsidy. The Calligraphy AWD holds 0.00138 (3.31% APR) and the Calligraphy FWD 0.00152 (3.65% APR), the two lowest gas rates Hyundai publishes. Both picked up the same $1,500, so the AWD lands at ~$622 and the FWD at ~$602.

Santa Fe Hybrid: The Same $1,500, the Same SE FWD Exception

Hyundai ran the identical play on the hybrid. Every trim except the SE FWD picked up $1,500 in Lease Cash, worth $45/month. The SE AWD went from ~$489 to ~$444, which puts it $1/month under the gas SE AWD at ~$445. Two different powertrains, effectively the same payment.

The SE FWD held at ~$421/month on $4,000 cash and 0.00236 (5.66% APR), the best rate in the family. Higher up, the SEL AWD carries the strongest residual at 63% and lands at ~$482. The Calligraphy AWD dropped from ~$742 to ~$697.

Palisade: Limited AWD Drops $54/mo and Undercuts the FWD

The Palisade Limited AWD is the single biggest mover in the lineup. Lease Cash more than doubled from $1,500 to $3,300, taking the payment from ~$658 to ~$604/month. That is $54/month, and the rate and residual did not move.

It creates a trap worth knowing. The Limited FWD did not get the cash. It sits at $3,000, a 63% residual, and ~$638/month. The AWD costs $2,000 more on the sticker, carries a 67% residual, and now leases for $34/month less. If a dealer steers you to the FWD Limited to save money, they have it backwards.

The rest of the Palisade tree is unchanged from July. The SEL AWD still carries the 0.00202 (4.85% APR) rate subsidy with a 68% residual and $0 cash at ~$559. The SE FWD is the cheapest way in at ~$520. Note the XRT Pro AWD at ~$608: it carries $2,750 in cash and a 66% residual, so it undercuts the Limited FWD by $30/month despite a $100 higher sticker.

Palisade Hybrid: Three Trims Get $1,800, the Rest Sit Still

Three Palisade Hybrid cells went from $0 to $1,800 in Lease Cash, each worth $54/month. The Limited FWD fell from ~$775 to ~$720, and the SEL Premium AWD in both 7-seat and 8-seat layouts fell from ~$666 to ~$612. Nothing else in the family changed.

That cash add flattens the middle of the range. The SEL Premium AWD at ~$612 now costs $2/month more than the SEL AWD at ~$610, despite a $2,440 higher sticker. It also carries the family's lowest rate at 0.0023 (5.52% APR). Take the Premium.

IONIQ 5: Residuals Cut Across the Board, Every Trim Costs More

The IONIQ 5 is the one place Hyundai took money back in August. Residuals fell on all eight trims, by 1 to 3 points, and Lease Cash was trimmed on five of them. Every payment went up $19 to $29/month. Money factors came down slightly on most trims, and it was nowhere near enough to cover it.

The RWD trims took the worst of it. The SE RWD residual went from 52% to 49% and the payment climbed from ~$415 to ~$444. The SEL RWD lost a point of residual and $750 in cash, going from ~$458 to ~$486. The SE Standard Range RWD now sits on a 44% residual, the weakest number in the entire Hyundai lineup, at ~$440.

The AWD trims held up better. The Limited AWD is the only trim that gained cash, up to $10,000, and its money factor dropped to 0.00232 (5.57% APR). It still costs $19/month more than July because the residual fell three points to 51%.

Tucson: SE FWD Slips to ~$316, the Cheapest SUV Hyundai Leases

Every Tucson trim got $4 to $5/month cheaper. The SE FWD leads it: the money factor dropped to 0.00229 (5.50% APR), Lease Cash rose to $4,750, and the payment fell from ~$321 to ~$316/month. That is the lowest SUV payment Hyundai offers.

The XRT trims picked up the sharpest rate cuts. The XRT AWD went from 0.00238 to 0.0023 (5.52% APR) at ~$398, and the XRT FWD from 0.00241 to 0.00232 (5.57% APR) at ~$378. Both hold their cash. The Limited AWD is the odd one: its cash fell from $5,500 to $4,500, but a three-point residual jump to 61% still left it $4/month cheaper at ~$487.

Tucson Hybrid: New Lineup, Launch Rates Not Yet Confirmed

Hyundai re-split the Tucson Hybrid lineup for August. It added front-drive SE and SEL trims below the AWD range and a blacked-out Night AWD at the top. Every cell in the family is new to our data this month, so there is no July baseline to compare against and no month-over-month change to report.

Treat the rates below as a launch program rather than a settled deal. The Night AWD shows 0.00088 (2.11% APR) and the Limited AWD 0.00117 (2.81% APR), both with $0 Lease Cash. Those are unusually low for a Hyundai hybrid and we have only one month of data behind them. The volume trims look conventional: the SE FWD carries $4,250 in cash at 0.0024 (5.76% APR).

Tucson PHEV: The Limited Gets 0.77% APR and Loses All Its Cash

The Tucson Plug-In Hybrid Limited money factor collapsed from 0.00235 to 0.00032 (0.77% APR). That is the lowest published rate in the August Hyundai lineup by a wide margin. At the same time Hyundai took away all $4,750 of its Lease Cash and cut a point of residual.

Net effect: $9/month. The Limited went from ~$547 to ~$538. A near-zero rate headline is worth a lot less than it sounds once the cash disappears.

The SEL kept the cash and stayed the sensible trim. It runs 0.00233 (5.59% APR) with $4,750 in Lease Cash and a 66% residual, the highest of any Tucson, at ~$410/month. That is $5/month cheaper than July.

Elantra: SE at ~$273 Is the Cheapest Lease Hyundai Sells

The Elantra SE holds the floor at ~$273/month, $3/month better than July. Lease Cash rose to $3,000 and the money factor went up to 0.00241 (5.78% APR). Cash won that trade, barely.

The N-Line is the rate story. Its money factor dropped from 0.00243 to 0.00221 (5.30% APR), the lowest in the family, while its last $250 of cash went to zero. It still landed $3/month cheaper at ~$402. Everything between the SE and the N-Line runs $1,250 or less in cash, which is why the payment ladder climbs so fast.

Elantra Hybrid: The Blue Now Carries Hyundai's Worst Rate

The Elantra Hybrid Blue took the ugliest rate move of the month. Its money factor rose from 0.00242 to 0.00258 (6.19% APR), the highest rate in the August lineup, and its residual fell from 62% to 59%. Hyundai covered it with $1,000 more Lease Cash, so the payment still came down $4 to ~$322/month.

That is the trap worth naming. The Blue looks fine on the payment line and terrible on the rate line. If the dealer marks the money factor up even two points, you are financing a compact hybrid at well over 6.5% with nothing to show for it. Ask for the buy rate in writing.

The Limited is the better structure: 0.00233 (5.59% APR) and a 64% residual, the family's best on both counts. It costs ~$422 because it carries only $250 in cash.

Kona: Unchanged From July, Every Trim

Nothing moved. Same rates, same residuals, same cash. The SE FWD still holds $3,250 Lease Cash at 0.00234 (5.62% APR) and ~$307/month, and the SE AWD is ~$21/month more at ~$328. The SEL Sport AWD carries the family's best rate at 0.00227 (5.45% APR).

Venue: Cheap Sticker, 55% to 57% Residual

The Venue money factors each dropped a point or two, worth $1/month. Otherwise it is the same car it was in July: low sticker, low residual, almost no cash. The SE runs ~$344 and the SEL ~$364.

The trim to avoid is the SEL w/Two-Tone Roof. It costs $225 less on the sticker than the plain SEL and leases for $29/month more, because it carries a 0.00242 rate, a 55% residual, and $0 cash against the SEL's 0.00228, 57%, and $500.

Sonata: SEL Sport AWD Is No Longer the Worst Rate, Still Skip It

Every Sonata money factor came down a point or two, worth $1/month each. The SEL Sport AWD dropped from 0.00258 to 0.00256 (6.14% APR), which means it lost the title of Hyundai's worst rate to the Elantra Hybrid Blue. It is still bad.

The AWD costs $20/month more than the SEL Sport FWD at ~$430 versus ~$410, and $1,500 of that gap is sticker. The rest is the rate: 6.14% APR against the FWD's 0.00229 (5.50% APR), the best in the family. The SE FWD at ~$358 carries the most cash at $2,750.

Sonata Hybrid: Blue at ~$412, Effectively Unchanged

All three trims shed a point of money factor, worth $1/month. The Blue leads at ~$412/month on 0.00233 (5.59% APR), a 60% residual, and $1,250 in cash. The SEL carries the most cash at $3,000 but sits on a 54% residual, the worst in the family, which is why it costs ~$461.

Santa Cruz: Unchanged From July

Not one Santa Cruz cell moved. The SE FWD holds at ~$415/month with $1,250 in cash, and the SE AWD at ~$450 carries the family's joint-best rate at 0.00231 (5.54% APR). Cash tops out at $1,250 across the whole lineup, the thinnest support of any Hyundai model.

Watch the top of the range. The XRT AWD carries $0 Lease Cash and lands at ~$637, only $5/month under the Limited AWD despite a $1,995 lower sticker.

IONIQ 9: $18,000 Cash Holds, S RWD Still ~$486

The IONIQ 9 kept the biggest incentives in the lineup while the IONIQ 5 lost ground. Cash still runs from $16,250 to $18,000, residuals did not move, and the only change is a one-point money factor trim on five trims worth $1/month.

The S RWD holds at ~$486/month on $16,250 in cash, which remains the striking number here: a $60,555 three-row electric SUV at a mainstream payment. The SEL AWD at ~$546 pairs $17,250 in cash with the family's best residual at 57%.

Payment Math & Assumptions

Tax, registration, title, and dealer doc fees are excluded and vary by state. Your drive-off cost depends on your state's lease tax treatment, which can add $0 to $1,500 or more at signing.