Advertisement

Want a deal on an EV? Leasing is your best bet — and these models have the best rates right now

Want a deal on an EV? Leasing is your best bet — and these models have the best rates right now

For car shoppers thinking about going electric, but worried about the commitment of a purchase, EV leasing could be a smart idea — and there are deals in store.

While overall, leasing has declined in recent years, experts suggest leasing may be back on the rise. It could be especially true as customers use leasing as an electric car trial run or as they wait to make a purchase for more advanced battery tech in future EVs. There's even a tax credit workaround if you lease electric.

Edmunds assessed the most affordable EV leases in July through mid-August this year. Edmunds evaluated averages based on data from real-world transactions (as opposed to advertised deals.) The data is aggregated up to model level rather than individual trims.

ADVERTISEMENT

Many of these leases come in around $400, lower than the averages for most other leases. In July, the average monthly lease payment overall sat at $598. For EVs specifically, the average was $741, according to auto buying resource Edmunds.

Here are the 10 most affordable EV leases, per Edmunds.

A note: Edmunds' list excludes Chevrolet Bolt, Bolt EUV, and the Nissan Leaf due to a lack of sample in its data, but typically those three vehicles would otherwise qualify as some of the more affordable EV leases available.

Kia Niro EV

A 2023 Kia Niro drives down a road beside a sandy beach.
The 2023 Kia Niro.Kia

Average payment: $366

Average cash down: $2,433

Hyundai Kona EV

The Hyundai Kona Electric.
The Hyundai Kona Electric.Hyundai

Average payment: $373

Average cash down: $4,249

 

MINI Hardtop 2-door

A MINI car sits in an empty room with ambient lighting.
The MINI Hardtop.MINI

Average payment: $422

Average cash down: $4,564

Volkswagen ID.4

Volkswagen ID.4
The Volkswagen ID.4.Courtesy of Volkswagen AG

Average payment: $486

Average cash down: $4,278