Hyundai Lease Deals March 2026: Every Model Ranked

Hyundai Motor Finance's March 2026 programs contain two numbers that don't make sense at first glance. The IONIQ 5 Limited AWD carries MF 0.00007 — 0.17% APR, nearly zero financing cost. The Tucson XRT FWD runs MF 0.00028 (0.67% APR) on a $35K SUV with off-road styling. The rest of the ICE lineup runs a consistent 5.1–5.5% APR. This month, Hyundai Motor Finance has chosen two specific trims to subsidize heavily; everything else is priced at market rates.

The consequence of the IONIQ 5 Limited AWD rate is counterintuitive: the IONIQ 5 Limited AWD carries MF 0.00007 — nearly zero financing cost — but Lease Cash determines the payment order, not the rate. The SE Standard Range RWD at ~$397/month is the cheapest trim in the lineup — $7,250 Lease Cash on a $36,600 pre-destination MSRP produces the lowest cap cost and lowest payment. The Limited AWD at ~$558/month is the most expensive despite 0.17% APR: $1,000 Lease Cash versus $7,500 on the Limited RWD — a $6,500 gap — is why the near-zero rate cannot overcome the cost.

March 2026 Lineup: Rates and Residuals at a Glance

Hyundai Motor Finance keeps rates unusually consistent across trims — unlike manufacturers that penalize entry-level buyers, most ICE models cluster within a 0.3% APR band regardless of trim. The two exceptions this month are the IONIQ 5 Limited AWD and Tucson XRT, where HMF has deployed near-zero money factors as targeted subsidies. The Santa Fe SE AWD also gets a rate inversion: AWD carries a lower MF than FWD on that model.

Tucson — The XRT Rate Makes No Sense (in a Good Way)

The Tucson XRT FWD runs MF 0.00028 (0.67% APR) — an aggressively subsidized rate. But this month, HMF also stacks $2,250–$4,000 in Lease Cash on the SE, SEL, and Limited trims, while the XRT trims carry no non-conditional cash at all. The SE FWD gets $3,250 Lease Cash + $750 Lease Event Cash ($4,000 total) and produces a ~$320/month payment on a $31,050 delivered MSRP — the XRT FWD with $0 non-conditional incentive costs ~$377/month on a $35,075 delivered MSRP. The SE FWD saves ~$57/month versus the XRT FWD, despite the XRT's near-zero MF. The SE FWD and SEL FWD are the best lease values in the Tucson FWD lineup this month.

The XRT AWD is still subsidized at 0.00052 (1.25% APR), but carries no non-conditional Lease Cash — both XRT trims carry $0 in non-conditional incentives. The SEL AWD gets $2,250 Lease Cash but still carries the worst rate at 0.00229 (5.50% APR). Despite the inferior rate, the SEL AWD's 67% residual and $2,250 Lease Cash make it ~$24/month cheaper than the XRT AWD: SEL AWD at ~$373/month versus XRT AWD at ~$397/month — Lease Cash and residual win over the rate subsidy on the AWD side too.

Sonata — Strong Rate, One Residual Caveat

The Sonata SE FWD runs MF 0.00096 (2.30% APR) — the second-lowest rate in the entire Hyundai ICE lineup this month, well below the 5.1–5.5% cluster elsewhere. With $750 Lease Cash + $750 Lease Event Cash ($1,500 total non-conditional cash), the $29,050 delivered sedan produces a ~$355/month payment pre-tax.

The caveat is residual. The SE FWD carries a 56% residual versus 63% on the SEL Sport and N-Line trims. On a $29,050 vehicle, that 7-point gap is a $2,034 difference in projected value flowing entirely through depreciation. The SE rate is strong enough to overcome that gap and still produce the lowest payment in the lineup, but it means the SE is being depreciated $11/month more than SEL Sport in depreciation alone — the rate advantage more than covers it.

Santa Fe — AWD Gets a Lower Rate Than FWD

The Santa Fe has an unusual rate structure this month: SE AWD runs MF 0.00198 (4.75% APR) while SE FWD runs 0.00221 (5.30% APR). But HMF also provides $1,000 in Lease Cash on the SE FWD this month — while the SE AWD gets $0. The result: the rate inversion that once nearly eliminated the AWD cost gap now costs ~$29/month more. The SE FWD at ~$451/month versus SE AWD at ~$480/month — a ~$29 spread for AWD capability.

The Calligraphy FWD at MF 0.00206 (4.94% APR) also gets a lower rate than most mid-range trims, though at $49,200 delivered the payment climbs to ~$638/month before tax with $250 Lease Cash. The Limited FWD at 0.00226 (5.42% APR) has the worst rate-to-residual combination in the FWD lineup.

Palisade — 3-Row SUV with Strong Residuals

The Palisade's lease story is its residuals. SEL 7P and SEL 8P FWD and AWD carry 69% residuals at 36/12K — strong for a 3-row SUV at this price point. The SE carries 68%. These numbers mean the depreciation charge is lower relative to the vehicle's price than most 3-row alternatives.

The rates are not subsidized — all Palisade trims run 5.14–5.52% APR, which is market rate for this class. The Calligraphy AWD and SEL convenience trims carry the highest rates — SEL Convenience AWD tops out at 0.00230 (not shown in table below). Limited FWD and Calligraphy FWD get the best rates (0.00214). Calligraphy AWD also gets a low rate at 0.00215 — the rate does not track with trim level in a straight line. The residual difference between trim levels drives most payment variation.

IONIQ 5 — Lease Cash Flips the Payment Order: SE Standard Range Leads at ~$397

The IONIQ 5 Limited AWD carries MF 0.00007 — effectively zero finance cost. The rent charge on a $52,175 delivered vehicle at this rate is $6/month. Every other IONIQ 5 trim runs 0.00213–0.00229 (5.11–5.50% APR). This is not a modest discount — HMF has eliminated the finance charge on this trim.

The payment order is driven entirely by Lease Cash, not the money factor. The SE Standard Range RWD gets $7,250 in Lease Cash on a $38,200 delivered MSRP, producing ~$397/month — the cheapest payment in the lineup. The SE RWD at ~$402/month is only $5/month more. The SE AWD at ~$435/month is the cheapest AWD option — and $9/month cheaper than SEL RWD ($444) despite being AWD, because its 59% residual beats the SEL RWD's 58%. The Limited AWD gets only $1,000 Lease Cash and lands at ~$558/month — the most expensive trim — despite having 0.17% APR. XRT AWD at ~$530/month also offers no standout value: $6,500 Lease Cash on a $47,875 pre-destination MSRP produces the second-worst payment in the lineup.

IONIQ 9 + Kona — Heavy Lease Cash on IONIQ 9, Market Rates on Kona

The IONIQ 9 carries $13,000–$14,000 in Lease Cash this month — Hyundai's manufacturer rebate that applies to all buyers. This dramatically reduces the effective cap cost on a new 3-row electric SUV. The S RWD base entry at $60,555 delivered MSRP carries $13,500 Lease Cash and produces a ~$516/month payment pre-tax. Payments shown are pre-tax and exclude conditional incentives.

The Kona runs 0.00215–0.00229 (5.16–5.50% APR) with Lease Cash ranging from $1,000–$3,000 by trim. The SE AWD at 0.00215 is the rate leader. SEL Sport FWD and SEL Premium AWD carry the worst rate at 0.00229. Residuals run 58–64%; Limited FWD and AWD top out at 64%. Conditional incentives (Military, First Responders, College Grad, Hyundai Rewards) are available for eligible customers — up to ~$400–500, mutually exclusive — and are not included in the payments below.

Payment Calculation Assumptions

Money factor, residual, and incentive data from Hyundai Motor Finance Northeast rate sheets (Northeast, March 2026). MSRP figures from Hyundai's published pricing (March 2026). Deals expire March 31, 2026.