Don't Freak Out About The Hyundai Veloster N Price Increase

Pricing / Comments

It may not amount to much.

Earlier this year, the 2021 Hyundai Veloster N was announced with major upgrades over the previous model year. The affordable hot hatchback now offers an optional eight-speed dual-clutch, in addition to the standard six-speed manual that was the only transmission choice in 2020. Along with the new transmission, the 2021 Veloster N also improves the interior with an eight-inch touchscreen navigation system, bolstered sports seats, and more standard driver-assist features.

As a slight downside to all of these improvements, they do not come for free. According to leaked dealer order guides, the 2021 Veloster N starts at $33,245 (including a $995 destination charge). That's a $4,670 increase over last year's model, not even factoring in the $1,500 DCT option. As it turns out though, this price bump may not amount to much in practice.

Hyundai
Hyundai
Hyundai

According to CarsDirect, the same outlet that reported on pricing, the 2021 Veloster N will only cost $10 more per month to lease compared to the 2020 model despite a massive difference in MSRP. A bulletin sent to dealerships specifies that the Veloster N with a six-speed manual transmission will lease for $429 per month for 36 months with $2,599 due at signing. Based on a $33,245 MSRP and an allowance of 10,000 miles per year, the effective cost of this lease is $501 per month.

Right now, the 2020 Veloster N is advertised with a $419 per month lease for 36 months with the same down payment. The mileage cap is the same, and after factoring in a $28,595 MSRP, the effective cost is $491 per month.

Most Reliable Cars Ever Made
Most Reliable Cars Ever Made
Everything You Need To Know About The Nissan 400Z
Everything You Need To Know About The Nissan 400Z
Hyundai
Hyundai
Hyundai

This means the new Veloster N, with its various interior improvements, only costs $10 more per month to lease. To achieve such a small difference in lease price, Hyundai Finance is offering a lower money factor plus a small cash incentive.

If you plan to buy a Veloster N rather than lease, you can purchase a 2021 model at 1.9% APR financing for 60 months or 2.9% for 72 months. These are the same rates as the 2020 model, though the old car is available with 0% financing for 48 months.

Hyundai
Hyundai
Source Credits: CarsDirect

Join The Discussion