Electric vehicles (EVs) are gaining popularity in the automotive market, with roughly 8 percent of new car sales being attributed to these eco-friendly options. Not only are EVs better for the environment, but they also offer some of the most affordable lease deals on the market. With the potential to receive up to $7500 in federal tax credits and additional savings from state rebates, automakers are practically giving away their electric cars. However, despite these enticing offers, there is still resistance from consumers who may be hesitant to make the switch to a battery-powered vehicle.
If you are part of the 8 percent who can easily recharge an EV and are willing to live with one, leasing may be the best option for bringing a new electric car home. Leasing allows you to enjoy the benefits of driving an EV without the long-term commitment of ownership. Plus, with the rapid advancements in electric vehicle technology, leasing allows you to upgrade to a newer model once your lease term is up.
Here are some of the top electric car lease deals for August 2024:
Toyota Nissan Leaf
The Nissan Leaf was the first mass-produced EV to be sold nationwide by a major automaker. Even eight years into its second generation, the Leaf remains a highly affordable option for those looking to make the switch to electric. With a standard 40-kWh battery offering decent range, the Leaf is a practical choice for daily commuting and errands. Lease deals for the 2024 Leaf S start at $239 per month with $2289 due at signing for a 36-month/30,000-mile lease.
Mini Cooper Electric SE
The Mini Cooper Electric SE is a quirky and fun option for those who enjoy a bit of personality in their vehicles. With a range of 110 miles and a 110-MPGe rating, the Mini Cooper Electric SE is a great city car with a unique design and driving experience. Lease deals for the Mini Cooper Electric SE start at $239 per month with $3799 due at signing for a 36-month/22,500-mile lease.
Fiat 500e
Fiat may have discontinued the 500 in 2019, but the brand is back with the Fiat 500e, an all-electric version of the popular compact car. With a range of 149 miles and adorable styling, the Fiat 500e is a great option for urban driving. Lease deals for the Fiat 500e start at $299 per month with $4915 due at signing for a 36-month/22,500-mile lease.
Hyundai Ioniq 5
The Hyundai Ioniq 5 offers retro styling and impressive performance at an affordable price. With a range of 303 miles and spacious interior, the Ioniq 5 is a practical choice for those looking for a larger electric vehicle. Lease deals for the 2024 Hyundai Ioniq 5 start at $189 per month with $3999 due at signing for a 24-month/24,000-mile lease.
Tesla Model 3
The Tesla Model 3 is one of the most popular electric vehicles on the market, accounting for half of all new EV sales in the U.S. With a range of 272 miles and advanced in-car technology, the Model 3 offers a premium driving experience. Lease deals for the Tesla Model 3 start at $299 per month with $2999 due at signing for a 36-month/30,000-mile lease.
Ford F-150 Lightning
The Ford F-150 Lightning is a full-size electric pickup truck with the capability of a traditional F-150. With a range of 240 miles and the ability to carry 2000 pounds of payload, the F-150 Lightning is a practical choice for those in need of a workhorse vehicle. Lease deals for the Ford F-150 Lightning start at $479 per month with $6569 due at signing for a 36-month/30,000-mile lease.
Honda Prologue
The Honda Prologue is a competent EV with a focus on practicality and reliability. With a range of 281 miles and spacious interior, the Prologue is a great option for families or daily commuters. Lease deals for the Honda Prologue start at $299 per month with $3599 due at signing for a 36-month/30,000-mile lease.
Polestar 3
The Polestar 3 is a mid-size SUV with luxury features and impressive performance. With a range of 315 miles and sleek design, the Polestar 3 offers a premium driving experience. Lease deals for the Polestar 3 start at $799 per month with $6799 due at signing for a 36-month/30,000-mile lease.
Overall, leasing an electric vehicle can be a cost-effective way to experience the benefits of driving an EV without the long-term commitment of ownership. With a wide range of lease deals available, there is sure to be an electric car that fits your budget and lifestyle. Be sure to research each option thoroughly and consider factors such as range, charging infrastructure, and incentives before making your decision. Happy driving!