Who said electric cars are too expensive? With several EVs on sale for lease for less than $200 a month this October, the prices prove otherwise. Here are some of the best EV lease deals this month.
Despite talk of declining EV sales in the US, many automakers just had a record third quarter. General Motors, Kia, Honda, and a few others set EV sales records in Q3 with new models coming out.
In accordance with Cox AutomotiveElectric vehicle sales rose another 8% in the US in the third quarter, reaching 9% of the total auto market.
One of the biggest drivers of growth is ballooning incentives, especially for leases. Leasing accounted for 39.4% of total EV sales in June, nearly double the industry average of 20.7%.
Since most automakers pass the $7,500 IRA tax credit, many electric models are about the same or cheaper than the average gas-powered model.
In addition to lease credits, winning offers, and loyalty discounts, some EVs are available for up to $20,000 in savings.
Despite having high price tags, great incentives make it cheaper to rent an electric car.
EVs are leasing for less than $200 a month in October
With several models available for less than $200 a month, including Hyundai, Nissan, and Kia EVs, October may be the best time to go electric. Here are some of the best EV lease deals this month (you can find deals in your area below).
The Nissan LEAF continues to be one of the most affordable EVs on the market, even before discounts.
| Rent From | Term (months) |
Due at Signature | Effective monthly rate (including upfront fees) |
|
| 2024 Nissan LEAF | $109 | 36 | $2,529 | $179 |
| 2024 Nissan Ariya | $99 | 36 | $3,329 | $238 |
| 2024 Kia Niro EV | $169 | 24 | $3,999 | $336 |
| 2024 Kia EV6 | $179 | 24 | $3,999 | $346 |
| 2024 Hyundai IONIQ 5 | $199 | 24 | $3,999 | $366 |
According to an online automotive research company CarsDirect2024 Nissan LEAF S 40 kWh listed for just $109 for 36 months. The deal includes a $2,529 signing-on fee of $179 per month. In some parts of the US, the LEAF is still available for as low as $179 per month, with $4,379 up front.
Nissan's Ariya electric SUV is incredibly affordable to lease in most parts of the country. With an MSRP of around $40,000, the 2024 Nissan Ariya Engage can be leased for as low as $99 for 36 months, with a $3,329 down payment.
The deal includes a $5,000 Colorado Innovative Motor Vehicle Credit, a $10,000 cash bonus, and a $1,000 loyalty bonus.
The Kia Niro EV is another top EV lease option this month. You can lease the 2024 Kia Niro Wind EV for $169 for 24 months. With $3,999 to sign, the effective monthly rate is $336.
Kia's EV6 also made the list, with leases starting at $179 a month. The 2024 Kia EV6 Light Long Range RWD is available for $179 for 24 months. With $3,999 to sign, the effective monthly rate is $346. In some parts of the country, the EV6 is listed at $249 per month.
At less than $200 a month, the Hyundai IONIQ 5 is one of the best EV lease deals this October. The 2024 Hyundai IONIQ 5 RWD SEL is offered for just $199 for 24 months over an MSRP of $48,795. With $3,999 to sign, the effective price is $366 per month.
Other EV leases to consider this month include the Toyota bZ4X (from $239 per month), Honda Prologue ($259 per month), Subaru Solterra ($329 per month), and Kia's three-row EV9 ($349 per month) .
Ready to take advantage of the savings? The offers won't last long as most end at the end of the month. You can use our links below to view offers in your area.
FTC: We use auto affiliate links to earn income. More.
