Electric vehicle lease and financing deals have been notably improving last year. In many ways, it looks like some offers are nearly as good as they were before the pandemic. If you're going to buy or lease an EV (or plug-in hybrid) in 2024, you'll likely be intrigued by what promotions certain manufacturers are advertising.
Almost every leasing and financing deal we've found this month thus far is the same as or better than last month's. As 2024 commences, automakers will continue to release new EVs and ramp up inventory, which could eventually lead to a growing number of even more competitive offers.
Some electric vehicles and PHEVs (we mix both in this story for expediency) are already available with relatively appealing lease deals, small discounts, and/or reasonable financing rates. Some cars are available with a combination of these offers. Not all deals are equally appealing, but we've included them for comparison, and we'll be working to update this list on a monthly basis.
Tesla has dramatically cut its prices last year, making its vehicles more affordable than ever. Moreover, the automaker provides clear information on its website about which cars are eligible for the newly revamped U.S. federal EV tax credit, and how much they should qualify for. This is also the case with some other automakers.
Keep in mind that if you choose to lease instead of buy, you won't have to worry about whether or not your personal tax situation allows you to take advantage of the credit.
When you lease a new car, the tax credit goes to the lender and is often applied against the lease to offer the buyer a discount. Thanks to some recently discovered loopholes, leasing may mean a larger credit for some EVs. Leasing a Tesla Model 3 or Tesla Model Y is now considerably cheaper than ever before. Be sure to go over all the details related to the tax credit before signing any paperwork.
We also suggest checking out Hyundai, Kia, and Tesla for some of the best EV deals available each month, although Hyundai hasn't yet released its lease offers for 2024. Recently, we've seen very cheap leases (sometimes with $0 down), low APR and reasonable bonus cash. If you need to get into a compelling electric vehicle with the cheapest payment, the Kia Niro EV is one of the best options at this time.
As of January 5th, 2024, Audi, Hyundai, and Porsche, haven't yet released their new vehicle specials. The automakers have told us that their special offers will be announced momentarily, so we will update this list when they become available to us.
Keep in mind that deals aren't available in all markets, and some have specific restrictions, so check with your local dealer for details on what's available in your area. The best deals typically apply to people with excellent credit ratings. Moreover, the best manufacturer-sponsored incentives are often reserved for returning lessees, as well as automaker employees, family, and friends.
Be sure to bookmark this page and check back often as we update deals regularly as new info becomes available.
2024 Alfa Romeo Tonale Plug-In Hybrid
- Lease for $399 a month for 27 months with $5,275 due at signing
- $1,000 cash allowance
2024 BMW i4
- Lease for $499 a month for 36 months and $4,599 due at signing
- 3.99% APR for 60 months
2024 BMW i5
- Lease for $749 a month for 36 months with $6,649 due at signing
- 2.99% APR for 60 months
2024 BMW i7
- Lease for $1,069 per month for 36 months with $7,799 due at signing
- 1.99% APR for 60 months
2023 BMW iX
- Lease for $799 per month for 36 months with $6,439 due at signing
- 2.99% APR for 60 months
2024 Cadillac Lyriq
- $1,000 Costco Auto incentive
- $7,500 GM-applied credit
2023 Chrysler Pacifica Plug-In Hybrid
- Lease for $529 per month for 39 months with $4,999 due at signing
- 0% APR for 60 months
- $3,000 cash back
2024 Dodge Hornet R/T Plug-In Hybrid
- Lease for $359 a month for 36 months with $4,999 due at signing
2023 Ford F-150 Lightning
- Lease for $614 per month for 48 months with $5,813 due at signing
2023 Ford Mustang Mach-E
- Lease for $336 per month for 36 months with $4,816 due at signing
- $3,000 cash back for GT models
2023 Genesis G80 Electrified
- Lease for $899 per month for 36 months with $5,999 due at signing
- 3.49% APR for up to 72 months
- $1,000 cash back
2024 Genesis Electrified GV70
- Lease for $599 per month for 36 months with $5,999 due at signing
- 5.49% APR for up to 60 months
2024 Kia EV6
- Lease for $399 per month for 24 or 36 months with $4,999 due at signing
- 0.90% APR for up to 48 months
- $3,750 cash back
2023 Kia EV6
- Lease for $379 per month for 24 or 36 months with $4,999 due at signing
- 0.90% APR for up to 48 months
- $7,500 cash back
2024 Kia EV9
- Lease for $599 per month for 24 or 36 months with $5,999 due at signing
- 3.25% APR for up to 48 months
2024 Kia Niro EV
- Lease for $269 per month for 36 months with $4,499 due at signing
- 1.90% APR for up to 48 months
- $2,500 cash back
2023 Kia Niro EV
- Lease for $249 per month for 36 months with $4,499 due at signing
- 0.90% APR for up to 48 months
- $3,750 cash back
2024 Kia Niro Plug-In Hybrid
- Lease for $409 per month for 36 months with $3,799 due at signing
2024 Kia Sportage Plug-In Hybrid
- Lease for $509 per month for 24 or 36 months with $3,699 due at signing
2023 Kia Sportage Plug-In Hybrid
- Lease for $489 per month for 24 or 36 months with $3,699 due at signing
2024 Kia Sorento Plug-In Hybrid
- Lease for $579 per month for 24 or 36 months with $3,999 due at signing
2023 Kia Sorento Plug-In Hybrid
- Lease for $549 per month for 24 or 36 months with $3,999 due at signing
2024 Jeep Wrangler 4xe Plug-In Hybrid
- Lease for $469 per month for 36 months with $4,499 due at signing
- $2,000 cash back
2024 Jeep Grand Cherokee 4xe Plug-In Hybrid
- Lease for $479 per month for 39 months with $5,999 due at signing
- 3.9% APR for 36 months
- $1,000 cash back
2023 Lexus RZ450e
- Lease for $499 per month for 36 months with $5,999 due at signing
- 0.90% APR for up to 48 months
2024 Lucid Air
- Lease for $749 per month for 36 months with $8,499 due at signing
- 5.99% APR for up to 72 months
- $7,500 cash back
- No charge for Surreal Sound Pro and Pro Driver Assistance
2024 Mazda CX-90 PHEV
- Lease for $465 per month for 36 months with $3,999 due at signing
2023 Mercedes-Benz EQB
- Lease for $499 per month for 36 months with $5,293 due at signing
- 4.99% APR for up to 72 months
2023 Mercedes-Benz EQE Sedan
- Lease for $699 per month for 36 months with $6,823 due at signing
- 4.99% APR for up to 72 months
2023 Mercedes-Benz EQE SUV
- Lease for $749 per month for 36 months with $7,344 due at signing
- 4.99% APR for up to 72 months
2023 Mercedes-Benz EQS Sedan
- Lease for $1,079 per month for 36 months with $9,303 due at signing
- 4.99% APR for up to 72 months
2023 Mercedes-Benz EQS SUV
- Lease for $1,079 per month for 36 months with $9,303 due at signing
- 4.99% APR for up to 72 months
2024 Mini Cooper SE
- Lease for $239 per month for 36 months with $3,539 due at signing
- 2.99% APR for 36 months
2023 Nissan Ariya
- Lease for $369 per month for 36 months with $4,139 due at signing
- 2.90% APR for up to 36 months
- $1,000 cash back
- $3,750 additional cash if financed through Nissan
2024 Nissan LEAF
- Lease for $289 per month for 36 months with $2,669 due at signing
- 2.29% APR for up to 36 months
2024 Polestar 2
- Lease for $349 per month for 27 months with $5,349 due at signing
- 6.99% APR for up to 72 months
- $1,000 cash back
2024 Polestar 3
- Lease for $995 per month for 36 months with $6,995 due at signing
- 6.49% APR for up to 72 months
2023 Subaru Solterra
- Lease for $399 per month for 36 months with $399 due at signing
- 0% APR for 72 months
2023 Tesla Model 3
- Lease for $472 per month for 36 months with $0 due at signing
- Lease inventory models for as low as $294 a month for 24 months with $3,444 due at signing
- 6.69% APR for up to 72 months
2023 Tesla Model Y
- Lease for $533 per month for 36 months with $0 due at signing
- Lease Long Range inventory models for as low as $398 a month for 24 months with $4,500 due at signing
- 6.59% APR for up to 72 months
2023 Tesla Model S
- Lease for $1,099 per month for 36 months with $7,500 due at signing
- 6.59% APR for up to 72 months
2023 Tesla Model X
- Lease for $1,249 per month for 36 months with $7,500 due at signing
- 6.59% APR for up to 72 months
2023 Toyota bZ4x
- Lease for $369 per month for 36 months with $2,999 due at signing
- 1.99% APR for 72 months
2024 Toyota RAV4 Prime
- Lease for $781 per month for 36 months with $3,431 due at signing
2023 VinFast VF8
- Lease for $399 per month for 24 months with $4,594 due at signing
2023 Volkswagen ID.4
- 3.90% APR for 60 months
2023 Volvo C40 Recharge
- Lease for $483 per month for 36 months with $3,933 due at signing
- $1,000 cash back
2023 Volvo S60 Recharge
- Lease for $595 per month for 36 months with $3,969 due at signing
- $1,000 cash back
2023 Volvo S90 Recharge
- Lease for $1,009 per month for 36 months with $4,285 due at signing
- $1,000 cash back
2023 Volvo V60 Recharge Polestar Engineered
- Lease for $949 per month for 36 months with $4,249 due at signing
- $1,000 cash back
2023 Volvo XC40 Recharge
- Lease for $565 per month for 36 months with $4,015 due at signing
- $1,000 cash back
2023 Volvo XC60 Recharge
- Lease for $769 per month for 36 months with $4,489 due at signing
- $1,000 cash back
2023 Volvo XC90 Recharge
- Lease for $905 per month for 36 months with $5,275 due at signing
- $1,000 cash back
There are likely additional incentives out there, specific to certain regions or dealerships (if the brands have one.) You just have to take the time and do your homework. Some automakers are still offering deferred payments, even if it's not noted above or on their individual websites.
Also, keep in mind that used EVs are available with reasonable deals as well and that market is finally seeing a notable drop in prices. There's even a new $4,000 federal tax credit that your used EV may qualify for.
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If there's a solid EV deal we missed, please share it with us in the comment section below. In the meantime, let us know of any recent deal you took advantage of, and how it all worked out.