Hyundai IONIQ 5 vs. Chevy Equinox EV: The Ultimate Lease Showdown
As electric SUVs continue to dominate consumer interest, two models stand out for their blend of style, performance, and affordability: the Hyundai IONIQ 5 and the Chevrolet Equinox EV. Both offer compelling lease deals, but which one provides the better value for your money? We break down the key factors to help you decide.
Key Highlights
- Lease Terms: Both models offer competitive monthly payments, but incentives may vary by region and time of year.
- Range: The IONIQ 5 boasts up to 303 miles per charge, while the Equinox EV offers an estimated 319 miles in its long-range configuration.
- Charging Speed: Hyundai’s 800V architecture allows for ultra-fast charging, adding up to 80% in just 18 minutes.
- Technology & Features: The IONIQ 5 emphasizes futuristic design and advanced tech, while the Equinox EV focuses on practicality and family-friendly amenities.
Design and Aesthetics
The Hyundai IONIQ 5 makes a bold statement with its retro-futuristic design, characterized by sharp angles, pixel-inspired lighting, and a spacious, minimalist interior. Its unique aesthetic appeals to those looking for something standout in a crowded market. In contrast, the Chevy Equinox EV adopts a more conventional SUV silhouette, making it familiar and approachable for traditional SUV buyers transitioning to electric. Its interior is functional and comfortable, with an emphasis on usability and space.
Performance and Efficiency
Under the hood—or rather, under the floor—both vehicles pack impressive powertrains. The IONIQ 5 offers rear-wheel and all-wheel drive options, with the dual-motor variant delivering up to 320 horsepower and a 0-60 mph time of just 4.5 seconds. Its 800V architecture not only supports rapid charging but also enhances overall efficiency.
The Equinox EV, meanwhile, is no slouch. With an estimated 319 miles of range in its long-range trim, it slightly edges out the IONIQ 5 in maximum range. Its FWD and AWD configurations provide ample power for daily driving and weekend adventures, though it may not match the IONIQ 5’s sporty acceleration.
Technology and Infotainment
Hyundai equips the IONIQ 5 with a cutting-edge infotainment system featuring dual 12-inch screens, augmented reality navigation, and a suite of connected services. Vehicle-to-Load (V2L) capability allows owners to power external devices, adding a layer of versatility.
The Equinox EV features Chevrolet’s latest infotainment system with an 11-inch diagonal screen, wireless Apple CarPlay and Android Auto, and available Super Cruise for hands-free driving on compatible highways. Its interface is user-friendly, though some may find it less innovative than Hyundai’s offering.
Lease Considerations
Leasing an electric vehicle often comes with attractive incentives, including potential tax credits passed through by the manufacturer. Both Hyundai and Chevrolet have been aggressive with their lease deals, but specifics can vary based on location, inventory, and ongoing promotions.
| Feature | Hyundai IONIQ 5 | Chevy Equinox EV |
|---|---|---|
| Base Lease Estimate (Monthly) | $399 - $499 | $349 - $449 |
| Estimated Range | Up to 303 miles | Up to 319 miles |
| Charging (10-80%) | ~18 minutes | ~30 minutes |
| Warranty | 10-year/100,000-mile battery | 8-year/100,000-mile battery |
Which Is the Smarter Lease?
For lessees prioritizing cutting-edge design, blazing-fast charging, and sporty performance, the Hyundai IONIQ 5 is an excellent choice. Its warranty and technology suite add significant value.
However, if maximum range, family-friendly practicality, and a potentially lower monthly payment are your top criteria, the Chevy Equinox EV deserves serious consideration. Its familiar SUV form factor may also appeal to those new to EVs.
Conclusion
Ultimately, the "smarter" lease depends on your individual needs and preferences. The Hyundai IONIQ 5 excels in innovation and performance, making it ideal for tech enthusiasts and those who value distinctive design. The Chevrolet Equinox EV, with its impressive range and practical approach, is a strong contender for families and daily commuters. Test drive both, compare lease terms in your area, and choose the electric SUV that best aligns with your lifestyle and budget.