Who said you had to break the bank to drive an electric vehicle? Several EV lease deals are available this December for under $300 or even $200 per month, but the savings may not last long. Here are some of the best EVs to consider leasing right now.
Electric vehicles accounted for nearly 9% of all vehicle sales in the US in the third quarter, its highest level on record.
“The growth is being fueled in part by incentives and discounts,” According to Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive. The other part is the influx of more affordable models hitting the market.
In addition to the $7,500 federal tax credit, some discounts on EV models are reaching $10,000 to upwards of $20,000.
The massive incentives slash monthly payment prices, in many cases making them even more affordable than comparable gas-powered cars. According to a new Experian report, leasing accounted for 45% of all new EV transactions in the third quarter. That’s up significantly from 25% last year and just 9.5% in Q3 2022.
Including incentives, the average monthly payment for leasing an EV was $198 less than if you financed a new model.
With Trump’s transition team reportedly planning to “kill off” the $7,500 EV tax credit, the savings could largely disappear. As buyers rush to take advantage of the discounts, EV sales are expected to surge this month.
EV lease deals for under $300 a month this December
To close out the year strong and make room for new models, several companies are offering significant discounts on popular electric models, including Kia, Hyundai, Honda, GM, Ford, Stellantis, and more.
According to online automotive research firm CarsDirect, several EV models are even available for lease for under $300 or even $200 per month right now. You can view offers in your area at the bottom.
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2025 Nissan LEAF | $129 | 36 | $2,529 | $199 |
| 2025 Kia Niro EV | $149 | 24 | $3,999 | $315 |
| 2024 Kia EV6 | $159 | 24 | $3,849 | $319 |
| 2024 Hyundai IONIQ 5 | $159 | 24 | $3,999 | $326 |
| 2024 Hyundai IONIQ 6 | $159 | 24 | $3,999 | $326 |
| 2024 Nissan Ariya | $169 | 24 | $6,219 | $428 |
| 2024 Fiat 500e | $179 | 42 | $2,979 | $250 |
| 2024 Toyota bZ4X | $219 | 39 | $2,999 | $296 |
| 2024 Honda Prologue | $229 | 36 | $1,299 | $265 |
| 2024 Ford F-150 Lightning | $230 | 36 | $6,206 | $402 |
| 2024 Ford Mustang Mach-E | $251 | 36 | $5,440 | $402 |
| 2024 Subaru Solterra | $279 | 36 | $279 | $287 |
| Tesla Model 3 | $299 | 36 | $2,999 | $382 |
| Tesla Model Y | $299 | 36 | $2,999 | $382 |
| 2024 Chevrolet Equinox EV | $299 | 24 | $3,169 | $431 |
The 2025 Kia Niro EV remains one of the most affordable electric cars on the market, with leases starting at as low as $149 for 24 months. With $3,999 due at signing, the effective rate is just $315 per month. That’s even cheaper than the plug-in hybrid model at $414 per month (including $3,499 due at signing).
Kia also offers a $199 per month for 36 months EV lease deal. With $3,999 due at signing, the effective cost is just $310 per month.
The EV6, Kia’s dedicated EV based on the same platform as Hyundai’s IONIQ 5, is listed with lease prices as low as $159 for 24 months. With $3,849 due at signing, the 2024 Kia EV6 Light Long Range RWD trim costs just $319 per month to lease.
Speaking of the IONIQ 5, Hyundai’s electric SUV is also available to lease this month for under $200. Through its “Hyundai Getaway Sales Event,” Hyundai is offering a $159 for 36 months lease offer on the IONIQ 5. Hyundai’s big savings come as the upgraded 2025 model is arriving at dealers.
You can also snag the 2024 Hyundai IONIQ 6 for the same $159 per month. With $3,999 due at signing the effective cost is just $326 per month.
Nissan’s Ariya electric SUV is another top choice, with lease prices starting at as low as $99 per month. However, that’s only available in Colorado. In other parts of the country, like New York, the 2024 Nissan Ariya is listed at $169 for 24 months. With $6,219 upfront, the effective rate is $428 per month.
Fiat’s compact 500e EV is available to lease for $179 for 42 months this December. With $2,999 due at signing, you can lease the 2024 500e INSPI(RED) trim for just $250 per month.
You can score Fiat’s EV for even cheaper in some areas. For example, one dealership in Colorado is offering a $0 for 27 month lease deal with $0 down, making the 500e essentially free.
Honda’s Prologue was the third best-selling EV in the US last month as sales continue surging this year. In a year end promo, Honda made the electric SUV even more attractive with a 0% APR offer and up to $6,000 off.
Although not under $200, you may want to consider a few other EV lease deals this month. For example, Honda is offering its electric Prologue at just $259 per month for 36 months. With $2,999 due upfront, you can drive off in Honda’s electric SUV for just $342 per month. That’s less than a Honda Civic at $279 per month despite costing nearly twice as much.
At just $299 for 24 months, the 2024 Chevy Equinox EV is also worth a look. With $3,169 due at signing, you can lease the electric Equinox for just $431 per month.
Tesla is offering three free months of Supercharging and Full Self-Driving in its year end deals. However, you must take delivery by December 31, 2024.
Ford is another company making a strong end of year push with big savings on electric models. Through its new “Power Promise”, all EV buyers get a free Level 2 home charger and Ford will cover the cost of standard installation.
Ready to take advantage of the savings? We can help you find the best EV lease deals in your area. Check out our links below to view offers on popular electric models in your area.