Is Leasing an EV the Right Thing To Do?
- For the most part yeah, you get to enjoy the car you always wanted and don't even have to pay the entire MSRP on it. Leasing a car also comes with a lot of perks like a Military bonus, Loyalty cashback, and a tax rebate of up to $7,500 etc on top of your natural savings.
- The biggest advantage of leasing an EV however is the “FLEXIBILITY”. You as a lessee get to decide the duration of the lease and the amount to be given as a down payment. Most automakers also offer a sensible purchase price after the lease has expired.
- Leasing a used car is a great way to maximize your savings, provided you know how to buy one.
Okay, But Is There A Catch while Leasing an EV?
- Yes, the biggest is your credit score most automakers assume a score of 720+ or Excellent while giving the leasing estimates, in reality tho all depends on your score, and the amount can vary massively depending on it being fair, good, average or excellent.
- You also have to make sure that there is a consistent source of income from your side for the duration of the lease which is usually between 24 to 48 months. The bigger the duration is the more consistent you have to be on payments.
- Most lease cars are from the inventory and you would have to make peace with the color/ feature combination the dealer has in its portfolio. It's not a bummer for most folks but if you are picky about colors and stuff custom order is the way to go
- Lastly, all leased cars are mileage-bound. The limit is generally between 10,000 and 30,000 miles a year, and if you go above that, expect to pay between $0.20 and $0.40 per mile.
- So now that you have got your questions answered check out the best deals on Electric cars for this month
Also Read-Best Zero Percent APR Car Deals
Kia Niro
The city-hopping Niro EV offers a smooth ride with 201 hp and 258 lb-ft of torque. Its 64.8 kWh battery provides an estimated range of about 253 miles. Fast charging capabilities let you go from 10-80% in around 45 minutes, making it perfect for everyday use.
| Trim Name | 2024 Kia Niro EV Wind |
|---|---|
| Monthly Cost Of Lease | $149 |
| Amount Due At Signing | $3999 |
| Lease Duration | 24 months |
| Other Incentives | Visit KIA |
Hyundai Ioniq 5
The 2025 Hyundai Ioniq 5 4 SE Standard Range is all about blending style and practicality. With a single electric motor pumping out 168 hp and 258 lb-ft of torque, it’s both fun and efficient. The 58 kWh battery offers a solid range of around 220 miles—great for daily drives or weekend getaways.
Charging is super convenient: it can go from 10-80% in just 18 minutes with 400V fast charging, perfect for those quick pit stops.
| Trim Name | 2025 Hyundai Ioniq 5 4 SE Standard Range |
|---|---|
| Monthly Cost Of Lease | $159 ($189 for SE trim) |
| Amount Due At Signing | $3999 |
| Lease Duration | 24 months |
| Other Incentives | Visit Hyundai |
Kia EV6
Another hit from the Koreans is one of the most stylish and rapid EVs you can buy. The EV6 comes with a 77.4 kWh Battery with/ up to 310 Miles of EPA-Estimated Range, 225 Horsepower & 258 lb-ft. of Torque, 800V System Ultra-Fast DC Charging Capability, and an awesome 100,000-mile warranty there are plenty of trims to choose from but we will be focusing on the most affordable when it comes to leasing
| Trim Name | Light Long Range RWD |
|---|---|
| Monthly Cost Of Lease | $179 |
| Amount Due At Signing | $3,999 |
| Lease Duration | 24 months |
| Other Incentives | Visit KIA |
Hyundai Kona
The 2025 Kona packs a punch with 201 hp and 291 lb-ft of torque, making it a lively companion on the road. Its 64.8 kWh battery offers a solid range of about 258 miles you can go from 10-80% in around 45 minutes with fast charging.
| Trim Name | 2025 Hyundai Kona SE |
|---|---|
| Monthly Cost Of Lease | $189 |
| Amount Due At Signing | $3999 |
| Lease Duration | 24 months |
| Other Incentives | Visit Hyundai |
Hyundai IONIQ 6
It may not be retro-looking as the concept of the Ioniq 6 is more than just eye-catching. The 2025 Hyundai Ioniq 6 SE Standard Range is all about striking a balance between elegance and efficiency. Powered by a single electric motor that offers 149 hp and 258 lb-ft of torque. With a 53 kWh battery, you can expect a solid range of around 240 miles.
| Trim Name | 2025 Hyundai Ioniq 6 Standard Range |
|---|---|
| Monthly Cost Of Lease | $209 ($219 for SE trim) |
| Amount Due At Signing | $3999 |
| Lease Duration | 24 months |
| Other Incentives | Visit Hyundai |
Nissan Leaf
The undying Leaf is back for 2025 with a couple of battery options and awesome cashback offers. By no means is it a highway cruiser but if you are looking to zip across town most affordably, nothing beats the Nissan Leaf. The standard Leaf comes with a 40 kWh battery pack with 149 miles of range and 147 hp.
The upgraded 2025 Nissan Leaf SV Plus with a 60 kWh pack can do about 212 miles and has 214hp. Both versions come standard with Apple car play, and Nissan safety shields, and can DC fast charge in just 45 minutes.
| Trim Name | 2025 S 40 kWh |
|---|---|
| Monthly Cost Of Lease | $279 |
| Amount Due At Signing | $2299 |
| Lease Duration | 36 Months |
| Other Incentives | Visit Nissan |
Nissan Ariya
Another budget EV on our list has a claimed EPA range of 216 miles but its lease price is among the most affordable we have ever seen for an EV. The base version comes loaded with features like a Power-sliding center console, Leatherette-appointed seats, Heated front seats, and a Heated leather-wrapped steering wheel with HUD.
| Trim Name | Engage FWD |
|---|---|
| Monthly Cost Of Lease | $289 |
| Amount Due At Signing | $4189 |
| Lease Duration | 24 months |
| Other Incentives | NA |
Volkswagen ID.4
If you are looking for Solterra or bZX4, the VW ID.4 will easily top them all in every department bar range. As standard it comes with heated front seats, dual-zone climate control, 10 color lightning, and a 201 hp single motor in RWD setup. The range is a bummer for many but the ID.4 can easily charge itself along the lines of 100kW and is adequate for those who don't plan to venture far from home.
For an extra 5k more you can get the “PRO” version with 290 miles of range.
| Trim Name | 2023 Standard |
|---|---|
| Monthly Cost Of Lease | $299 |
| Amount Due At Signing | $3,499 |
| Lease Duration | 36 months |
| Other Incentives | up to $7,500 tax rebate, 36,000 mile limit |
Tesla Model 3
Until the Model 2 arrives next summer, the Model 3 is Tesla's most affordable offering. It can reach 60 mph in under 5 seconds and can be charged pretty much anywhere thanks to massive supercharger availability.
| Trim Name | Tesla Model 3 |
|---|---|
| Monthly Cost Of Lease | $299 |
| Amount Due At Signing | $2999 |
| Lease Duration | 36 months |
| Other Incentives | Visit Tesla |
Subaru Solterra
The Solterra was criticized for its abysmal range and quirky styling but it remains a solid option for Subaru lovers who want to go emission-free. Besides it also comes with the Subaru’s famed Symmetrical AWD. The base Premium trim comes with Wireless car play and 100kw DC charging which replenishes the battery in just 35 minutes.
Solterra packs 215hp/249lb-ft and can do 227 miles on a single recharge.
| Trim Name | Solterra Premium |
|---|---|
| Monthly Cost Of Lease | $329 |
| Amount Due At Signing | $0 |
| Lease Duration | 36 months |
| Other Incentives | Visit Subaru |
Genesis GV60
The 2024 Genesis GV60 Standard RWD features a dual electric motor with 225 hp and 258 lb-ft of torque. It has a 77.4 kWh battery, offering an estimated range of 248 miles. Charging options include 400V fast charging (up to 180 kW) for 10-80% in approximately 18 minutes.
| Trim Name | 2024 GV60 STANDARD RWD |
|---|---|
| Monthly Cost Of Lease | $339 |
| Amount Due At Signing | $5999 |
| Lease Duration | 33 months |
| Other Incentives | Visit Genesis |
Ford F150 Lightning
The 2024 Ford F-150 Lightning XLT Standard Range features a dual-motor setup delivering 452 hp and 775 lb-ft of torque. It offers an estimated 240 miles of range, a 10,000-lb towing capacity. Standard features include Ford Co-Pilot360, SYNC 4, and 18-inch wheels.
| Trim Name | Ford F150 Lightning XLT Standard Range |
|---|---|
| Monthly Cost Of Lease | $371 |
| Amount Due At Signing | $6930 |
| Lease Duration | 36 months |
| Other Incentives | NA |
Chevrolet Equinox
The 2024 Chevrolet Equinox EV 2LT is an all-electric SUV with a 70.0 kWh battery offering an estimated range of 250 miles. It features 290 hp and 346 lb-ft of torque from its electric motor, with a 0-60 mph time of around 6.5 seconds. Standard features include a 17.7-inch touchscreen, wireless Apple CarPlay/Android Auto, and advanced safety features like Chevy Safety Assist.
| Trim Name | 2024 Chevrolet Equinox 2LT |
|---|---|
| Monthly Cost Of Lease | $299 |
| Amount Due At Signing | $4169 |
| Lease Duration | 24 months |
| Other Incentives | NA |
Tesla Cybertruck
Elon Musk has finally decided to lease the much-talked-about Tesla Cybertruck. You can lease both dual-motor and tri-motor Tesla Cyberbeast with varying mileage. The 36-month lease comes with $7500 down and limits of 10,000, 12,000, and 15,000 miles per year. The dual-motor variant is $1068 per month and the tri-motor Cyberbeast at $1284 per month.
