In the past year, the landscape of electric vehicle (EV) and plug-in hybrid (PHEV) acquisition, encompassing both leasing and financing, has undergone a substantial metamorphosis. It appears that the current propositions nearly mirror the advantageous scenarios prevalent pre-pandemic. Those pondering the acquisition of an EV or PHEV in 2024 will find themselves enticed by the promotional strategies deployed by various automakers.
The leasing and financing packages unearthed this month predominantly echo or surpass the offerings of the preceding month. With the advent of 2024, vehicle manufacturers are poised to unveil a plethora of new EVs while escalating their inventory levels, potentially catalyzing an influx of increasingly competitive deals.
A selection of electric vehicles and PHEVs (for the sake of brevity, both categories are conflated in this discourse) are presently accessible with lease agreements of considerable allure, modest concessions, and/or financing rates of a reasonable nature. Certain automobiles present a fusion of these incentives. Although not every deal resonates with equal allure, their inclusion serves comparative purposes, and our commitment to a monthly refresh of this compilation remains steadfast.
The Best EV Lease and Finance Deals in January 2024
In the rapidly evolving world of electric vehicles (EVs), staying informed about the best lease and finance deals is crucial for savvy consumers. As of January 2024, the EV market has seen an array of enticing offers, making it an opportune time to consider an electric vehicle. In this comprehensive guide, we delve into the most attractive EV lease and finance deals, ensuring you make an informed decision that aligns with your lifestyle and budget.
1. Understanding EV Lease Deals
Leasing an EV can be a smart financial move for those who prefer to drive a new vehicle every few years and want to avoid the depreciation associated with purchasing a new car. This month, several manufacturers have rolled out competitive lease deals designed to attract new customers to the world of electric vehicles.
Top Lease Offers for January 2024
- Tesla Model 3 Lease Deal: Tesla continues to lead the EV market with its innovative technology and stylish designs. The Model 3, known for its impressive range and performance, is available at a monthly lease rate that is hard to beat. Tesla’s lease deal includes a manageable down payment and competitive monthly payments, making it an attractive option for EV enthusiasts.
- Chevrolet Bolt EV Lease Special: The Chevrolet Bolt EV has been a popular choice for its affordability and practicality. This month, Chevrolet is offering an exceptional lease deal with a low monthly payment and a reasonable down payment. This deal is perfect for those seeking a budget-friendly entry into the EV market.
- Nissan Leaf Lease Offer: Nissan Leaf, known for its reliability and efficiency, is available at an enticing lease rate this month. With a low down payment and affordable monthly payments, this deal is ideal for drivers who prioritize economy and environmental friendliness.
2. Exploring EV Finance Options
For those interested in purchasing an EV, numerous finance deals are available that make owning an electric vehicle more accessible than ever.
Best EV Finance Deals in January 2024
- Audi e-tron Finance Offer: Audi’s e-tron series, renowned for its luxury and performance, is now more attainable with attractive finance options. This month, Audi is offering a competitive APR rate for qualified buyers, making it an excellent time to invest in this high-end EV.
- Ford Mustang Mach-E Finance Deal: The Mustang Mach-E, Ford’s entry into the electric SUV market, combines style with sustainability. Ford’s finance deal includes a low APR and flexible loan terms, catering to a wide range of budgets and preferences.
- Hyundai Kona Electric Finance Special: The Hyundai Kona Electric, praised for its range and features, comes with an attractive finance deal. Hyundai’s offer includes a low-interest rate and a variety of term lengths, appealing to buyers seeking value and versatility.
3. Additional Considerations When Choosing an EV Deal
When selecting the best EV lease or finance deal, consider additional factors such as the vehicle’s range, charging infrastructure, and available tax credits. Researching these aspects ensures that your chosen EV aligns with your driving habits and lifestyle needs.
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.
Conclusion
The start of 2024 has brought a plethora of outstanding EV lease and finance deals, making it a prime time to transition to electric vehicles. Whether you’re interested in leasing or purchasing, the current market offers options for every type of driver. By taking advantage of these deals, you can enjoy the benefits of electric driving while contributing to a more sustainable future.