Fresh Off the Boat, Hyundai's Veloster N Makes for a Dicey Lease Deal

Steph Willems
by Steph Willems

Hyundai’s hottest hatch isn’t breeding any smoking lease deals. The pinnacle of the revamped, second-generation Veloster three(?)-door definitely puts the power down, providing a Korean entry in a class dominated by Germany, Japan, and, until recently, America (via Germany), but the first lease seen for the Veloster N might leave potential owners shopping elsewhere.

There’s cheaper alternatives for those wanting 250-plus horsepower in a small package.

The financial sleuths at CarsDirect came across an early, unadvertised lease for the model that’s just now arriving at dealers. To get into a lease of the 250 hp, 260 lb-ft Veloster N, shoppers would be on the hook for 36 $429 monthly payments, with $2,299 due at signing. That’s on a $27,785 base N with six-speed manual.

Hyundai offers a Performance Package that ups the turbo 2.0-liter’s output to 275 hp, with the same amount of torque. That’s a $2,100 climb from the stock N.

CarsDirect was quick to point out alternatives that could prove more appealing to those turned off by a car with an effective cost of $493 a month. They include, based on existing L.A. leases: the 2019 Subaru WRX manual, with an effective cost of $390 a month, and the 2019 Volkswagen GTI S, which, when outfitted with a DSG transmission, rounds out at $408 a month. The interesting, rear-drive Genesis G70 2.0T, also a newcomer, can be had for $462 a month, all in, while the Kia Stinger with the same engine (when did Korea become so interesting?) is yours for $422 a month.

The pricey Veloster N lease is the product of several factors, among them, a money factor that equates to a 5.4 percent interest rate, a 52-percent residual value that’s lower than that of the lesser Veloster Turbo and base model, plus the fact that there’s not a cent of cash on the hood of any N.

As the latter element will surely not last, expect better lease deals on Hyundai’s pavement scorcher in the months ahead.

[Images: Hyundai]

Steph Willems
Steph Willems

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  • SnarkyRichard SnarkyRichard on Dec 12, 2018

    Still looks like a stinkbug .

  • NG5 NG5 on Dec 12, 2018

    I will consider buying one of these next time I am looking for a car. Not a fan of leasing for my own circumstances. Hyundai reliability has been good and this uses many common parts from their line in an uncommonly sporting way. If it's fun to drive, I may part with my Fiesta ST before the wheels fall off, as this looks like a nicer long-term ownership proposition in some respects and is much more recently redesigned as a platform (2009 vs 2017ish). Unfortunate that the lease deals haven't come out well for Hyundai, as this niche (which I love) needs all the help it can get.

  • Canam23 I believe the Chinese are entirely capable of building good cars, BYD has shown that they are very forward thinking and their battery technology is very good, BUT, I won't buy one because I don't believe in close to slave labor conditions, their animosity to the west, the lack of safety conditions for their workers and also the tremendous amount of pollution their factories produce. It's not an equal playing field and when I buy a car I want it made with as little pollution as possible in decent working conditions and paying a livable wage. I find it curious that people are taking swipes at the UAW in this thread because you can clearly see what horrific labor conditions exist in China, no union to protect them. I also don't own an iphone, I prefer my phones made where there aren't nets around to catch possible suicide jumpers. I am currently living in France, Citroen makes their top model in China, but you see very few. BYD has yet to make an impression here and the French government has recently imposed huge tariffs on Chinese autos. Currently the ones I see the most are the new MG's, mostly electric cars that remind me of early Korean cars, but they are progressing. In fact, the French buy very little Chinese goods, they are very protective of their industries.
  • Jerry Haan I have these same lights, and the light output, color, and coverage is amazing!Be aware, these lights interfere with AM and FM radio reception with the stereoreceiver I have in my garage. When the lights are on, I all the AM stations havelots of static, and there are only a couple of FM stations that are clear. When Iturn the lights off, all the radio stations work fine. I have tried magnetic cores on the power cords of the lights, that did not makeany change. The next thing I am going to try is mounting an antenna in my atticto get them away from the lights. I contacted the company for support, they never responded.
  • Lou_BC Are Hot Wheels cars made in China?
  • DS No for 2 reasons. 1-Every new car pipelines data back to the manufacturer; I don't like it with domestic, Japanese and Euro companies and won't put up with it going to Chinese companies that are part financed by their government. 2-People have already mentioned Vinfast, but there's also the case of Hyundai. Their cars were absolutely miserable for years before they learned enough about the US market
  • Theflyersfan Well, if you're on a Samsung phone, (noticing all of the shipping boxes are half Vietnamese), you're using a Vietnam-built phone. Apple? Most of ours in the warehouse say China, but they are trying to spread out to other countries because putting all eggs in the Chinese basket right now is not wise. I'm asking Apple users here (the point of above) - if you're OK using an expensive iPhone, where is your Made in China line in the sand? Can't stress this enough - not being confrontational. I am curious, that's all. Is it because Apple is California-based that manufacturing location doesn't matter, vs a company in a Beijing skyscraper? We have all weekend to hopefully have a civil discussion about how much is too much when it comes to supporting companies being HQ-ed in adversarial countries. I, for one, can't pull the trigger on a Chinese car. All kinds of reasons - political, human rights, war mongering and land grabbing - my morality is ruling my decisions with them.