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That Awful Hyundai Kona Lease? It’s Already Dead

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2018 Hyundai Kona - Image: Hyundai

Mere hours after we revealed a narrative on the attractively priced however terrible-to-lease Hyundai Kona yesterday, it appears Hyundai had a change of coronary heart.

The preliminary marketed lease for the quantity SEL trim lasted lower than every week, after the automaker apparently determined it wasn’t an excellent factor to make the model’s smallest crossover costlier to lease than the bigger Tucson and Santa Fe Sport.

As we informed you yesterday, the preliminary lease noticed a Kona SEL — retailing for $22,one hundred after supply — provided for $269 for 36 months, with $2,399 due at signing. That works out to $336 a month, greater than the 2 bigger, pricier crossovers (when decked out in mid-degree trappings).

Overlook about that lease. It was a nasty lease. Transfer on from that lease. (Until you leased a Kona earlier within the week; in that case, you could have our sympathies.)

The newest phrase from CarsDirect is that Hyundai took the lease behind the barn, rising with a way more engaging supply. How does $70 much less a month sound? That’s what a slashing of the mannequin’s cash issue and the addition of lease money will get you.

As of late yesterday, a 2018 Kona SEL leases for $199 for 36 months, with $2,399 due at signing. Like earlier than, there’s a 12,000-mile annual allowance. The brand new lease brings the general month-to-month value to $266 — a lot friendlier for patrons, particularly given the mannequin’s entry-degree standing within the Hyundai crossover meals chain. It additionally offers a pleasant cushion between it and the Tucson ($forty one much less per thirty days) and the Santa Fe Sport ($sixty one much less).

Extra importantly, the mannequin now undercuts the quantity model of the phase’s best-promoting mannequin, the Honda HR-V, by 15 bucks. It additionally falls $9 under the lease price of a comparably outfitted Ford EcoSport.

Breaking down the brand new supply even additional, the Kona SEL’s cash issue equates to a zero.5-% rate of interest, down from 2.9 % earlier than. CarsDirect notes that whereas most Konas now obtain $1,000 in lease money, the SEL trim will get $1,250 subtracted from the tally. Curious, that.

Regardless of being the smallest CUV in Hyundai’s secure, the model’s latest vehicle performs an essential position within the firm’s aim of populating as many segments as potential. After final yr’s main gross sales slide within the U.S. (and different markets) Hyundai’s comeback plan hinges on crossovers massive and small. Simply yesterday, the automaker revealed a brand new naming scheme forward of the brand new Santa Fe’s official debut. No, that that Santa Fe — the opposite one.

Properly, simply learn the hyperlink for readability.

[Image: Hyundai]

– That Awful Hyundai Kona Lease? It’s Already Dead –

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