Hyundai Lease Deals May 2026: Every Model Ranked
Hyundai May 2026 lease programs stabilize rates between 4.8% and 5.5% APR, placing focus entirely on Lease Cash. Tucson SE FWD is the standout at ~$299/mo with $4,000 cash. IONIQ 5 SE Standard Range RWD runs ~$397/mo with $7,250 cash. Palisade SEL 7P AWD boasts a 69% residual, flattening the depreciation curve.
Hyundai Motor Finance's May 2026 programs remove the bizarrely low sub-1% APRs from March, moving the entire lineup into a more standard 4.8–5.5% APR band. Deal quality this month is entirely dictated by Lease Cash allocations.
The standout value is the Tucson SE FWD. With $4,000 in Lease Cash and a solid 64% residual, it drops to an effective payment of ~$299/month. On the electric side, the IONIQ 5 SE Standard Range RWD remains the lowest-cost EV at ~$397/month thanks to $7,250 in cash support. If you are shopping Hyundai in May, ignore the money factor and follow the manufacturer cash.
~$299
Tucson SE FWD
$4,000 Lease Cash
69%
Palisade SEL AWD RV
Strongest 3-row residual
2.16%
Palisade Limited AWD APR
Offset by brutal 59% RV
~$397
IONIQ 5 SE Std Range
$7,250 Lease Cash
Jump to section:
May 2026 Lineup: Lease Cash Dictates Value
The extreme rate subsidies we saw in March (like the 0.67% APR Tucson XRT) are gone. Hyundai has standardized money factors across the board, with almost all ICE vehicles sitting between 0.00203 and 0.00232 (4.8% to 5.5% APR). Because rates are uniform, payment gaps between trims are driven entirely by residual values and non-conditional Lease Cash.
| Model | Best MF (36mo) | Best APR | Best RV (12K) | Max Lease Cash | Verdict |
|---|---|---|---|---|---|
| Tucson | 0.00206 | 4.94% | 65% | $4,000 | SE FWD: best value |
| Sonata | 0.00203 | 4.87% | 61% | $2,250 | SE FWD: solid entry |
| Santa Fe | 0.00206 | 4.94% | 65% | $1,250 | Reasonable |
| Palisade | 0.00090* | 2.16%* | 69% | $2,500 | SEL AWD: best value |
| IONIQ 5 | 0.00208 | 4.99% | 60% | $8,250 | Check trims |
MF × 2400 = approximate APR. Best MF shown is the lowest available for that model. Data from Hyundai Motor Finance Northeast rate sheets, May 2026. *Palisade Limited AWD carries a 0.00090 MF but is heavily penalized by a 59% residual.
Tucson — SE FWD Drops to ~$299/mo
In May, the Tucson SE FWD gets a massive $4,000 Lease Cash injection. When combined with a 64% residual and a 0.00212 MF (5.09% APR), the $31,050 MSRP base trim yields a ~$299/month pre-tax payment. This makes it the clear standout value in the entire Hyundai ICE lineup.
The XRT trims no longer carry the sub-1% APR from March. XRT AWD is back to a market-rate 0.00227 MF (5.45% APR) but does get $3,000 in Lease Cash to offset the rate hike, landing at ~$388/month pre-tax.
| Tucson Trim | MSRP | MF (36mo) | RV (36/12K) | ~Monthly* |
|---|---|---|---|---|
| SE FWD | $31,050 | 0.00212 | 64% | ~$299 |
| SEL FWD | $32,400 | 0.00206 | 63% | ~$352 |
| XRT FWD | $35,075 | 0.00228 | 65% | ~$383 |
| Limited FWD | $41,025 | 0.00227 | 62% | ~$464 |
| SE AWD | $32,550 | 0.00218 | 61% | ~$355 |
| SEL AWD | $33,900 | 0.00224 | 65% | ~$362 |
| XRT AWD | $36,575 | 0.00227 | 65% | ~$388 |
| Limited AWD | $42,525 | 0.00213 | 62% | ~$462 |
*Pre-tax, 36mo/12K, cap = MSRP − Lease Cash (SE FWD: $4,000; SEL FWD: $3,000; XRT FWD: $3,000; Limited FWD: $3,750; SE AWD: $3,500; SEL AWD: $2,750; XRT AWD: $3,000; Limited AWD: $3,500).
Tucson SE FWD — Sample Payment (36-month / 12K miles)
Tucson Verdict
The SE FWD is the standout deal at ~$299/month, driven entirely by $4,000 in non-conditional Lease Cash. If you need AWD, the SEL AWD at ~$362/month is the strongest value, protected by a 65% residual.
Sonata — SE FWD Remains the Value Trim
The Sonata SE FWD runs a 0.00203 MF (4.87% APR) with $2,250 in Lease Cash. The residual is low at 59%, but the cash injection keeps the payment down to ~$358/month.
The SEL Sport gets less cash ($1,250) and a higher MF (0.00232 / 5.57% APR), pushing the payment up to ~$410/month. The extra $52/month goes purely toward a worse rate and less manufacturer support.
| Sonata Trim | MSRP | MF (36mo) | RV (36/12K) | ~Monthly* |
|---|---|---|---|---|
| SE FWD | $29,050 | 0.00203 | 59% | ~$358 |
| SEL Sport FWD | $30,750 | 0.00232 | 61% | ~$410 |
| SEL Sport AWD | $32,250 | 0.00228 | 61% | ~$429 |
| N-Line FWD | $37,650 | 0.00227 | 62% | ~$532 |
*Pre-tax, 36mo/12K. SE FWD: $2,250 Lease Cash. SEL Sport FWD: $1,250. SEL Sport AWD: $1,250. N-Line FWD: $250.
Sonata Verdict
SE FWD is the only option here that makes financial sense. Avoid the N-Line, as it receives almost zero cash support and effectively prices itself out of contention at ~$532/mo pre-tax.
Santa Fe — Consistent Rates, Moderate Cash
The Santa Fe lineup sees MF consolidation this month, with almost every trim hovering around 0.00227 (5.45% APR). The SE FWD is the payment floor at ~$459/month.
| Santa Fe Trim | MSRP | MF (36mo) | RV (36/12K) | ~Monthly* |
|---|---|---|---|---|
| SE FWD | $36,650 | 0.00218 | 64% | ~$459 |
| SE AWD | $38,450 | 0.00206 | 65% | ~$490 |
| SEL FWD | $39,190 | 0.00227 | 64% | ~$502 |
| SEL AWD | $40,990 | 0.00227 | 65% | ~$527 |
| XRT AWD | $43,640 | 0.00227 | 64% | ~$572 |
| Limited 7P FWD | $46,200 | 0.00223 | 64% | ~$613 |
| Limited 7P AWD | $48,000 | 0.00223 | 65% | ~$634 |
| Calligraphy FWD | $49,200 | 0.00221 | 64% | ~$654 |
| Calligraphy AWD | $51,000 | 0.00222 | 65% | ~$674 |
*Pre-tax, 36mo/12K. Lease Cash ranges from $500 to $1,250 across trims.
Santa Fe Verdict
The SE trims provide the most rational lease proposition. As you climb to Calligraphy, the $674/mo payment structure starts to overlap with luxury segment leases.
Palisade — High Residuals Drive The Deal
The Palisade continues to boast some of the strongest residuals in the 3-row mainstream class, with the SEL 7P/8P trims carrying a massive 69% residual. This dramatically flattens the depreciation curve.
An outlier exists on the Limited AWD: Hyundai gives it a heavily subsidized 0.00090 MF (2.16% APR) but drops the residual to 59%. The massive depreciation hit nullifies the rate advantage, placing the payment at ~$670/mo.
| Palisade Trim | MSRP | MF (36mo) | RV (36/12K) | ~Monthly* |
|---|---|---|---|---|
| SE FWD | $40,535 | 0.00209 | 67% | ~$538 |
| SEL 7P FWD | $43,035 | 0.00208 | 68% | ~$540 |
| SEL 7P AWD | $44,535 | 0.00228 | 69% | ~$548 |
| Limited FWD | $52,970 | 0.00214 | 66% | ~$660 |
| Limited AWD | $54,470 | 0.00090 | 59% | ~$670 |
| Calligraphy AWD | $59,260 | 0.00231 | 66% | ~$712 |
*Pre-tax, 36mo/12K. Lease cash ranges from $0 (SE) to $2,500 (Calligraphy).
Palisade Verdict
The SEL 7P AWD is the definitive sweet spot. The 69% residual restricts depreciation so effectively that you can lease a $44,535 SUV for ~$548/month with virtually zero cash on the hood.
IONIQ 5 — $7,250 Lease Cash Floors The Standard Range
The IONIQ 5 lineup features heavy manufacturer cash support. The SE Standard Range RWD gets $7,250 in Lease Cash, cutting its $38,200 MSRP down to an effective ~$30,950 cap cost and yielding a ~$397/month payment.
If you want the larger battery, the SE RWD gives you 318 miles of range for ~$403/month ($7,500 Lease Cash).
| IONIQ 5 Trim | MSRP | MF (36mo) | RV (36/12K) | ~Monthly* |
|---|---|---|---|---|
| SE Standard Range RWD | $38,200 | 0.00213 | 54% | ~$397 |
| SE RWD | $40,500 | 0.00227 | 57% | ~$403 |
| SE AWD | $43,000 | 0.00224 | 56% | ~$436 |
| SEL RWD | $43,000 | 0.00227 | 56% | ~$445 |
| Limited RWD | $46,950 | 0.00227 | 56% | ~$492 |
| SEL AWD | $46,500 | 0.00222 | 57% | ~$493 |
| XRT AWD | $49,475 | 0.00227 | 56% | ~$532 |
| Limited AWD | $52,175 | 0.00208 | 57% | ~$570 |
*Pre-tax, 36mo/12K. MSRPs are delivered prices. Lease Cash: SE Standard Range $7,250; SE RWD $7,500; SE AWD $8,000; SEL RWD $7,750; Limited RWD $8,250; SEL AWD $7,500; XRT AWD $8,250; Limited AWD $7,500.
IONIQ 5 Verdict
The SE Standard Range RWD at ~$397/month is the payment floor. However, the SE AWD at ~$436/month is a remarkable value, stepping up to a dual-motor setup for only $39/month more, subsidized by $8,000 in Lease Cash.
Payment Calculation Assumptions
- Cap cost = MSRP less incentive. No dealer discount, no additional down payment. Every dollar you negotiate off MSRP lowers your payment (roughly $28/mo for every $1,000 off).
- Term: 36 months / 12,000 miles per year. All sample residuals use the 12K tier.
- Pre-tax and pre-fees. Add state lease tax, acquisition fee, dealer doc fee, and first payment due at signing.
- MF is the published base rate. Dealer markup on MF directly increases rent charge. Always confirm buy-rate MF before signing.
- Data basis: Hyundai Motor Finance rate sheets, Northeast region, May 2026.
Residuals and money factors can change monthly.
Know before you sign.
Upload your dealer quote and we'll verify the money factor, residual, and incentives match the published program — instantly.