Best Fall Deals Now on Leasing or Purchasing an EV

As of September 2024, the best electric vehicle deals for the Fall are lease offers, which are also eligible for the Inflation Reduction Act (IRA) Tax Credit and other incentives provided you meet certain criteria.

Here are some popular options with great deals for those of you in the market:

• Hyundai Ioniq 5: Lease for $159 per month for 24 months with $3,999 due at signing.
• Nissan Ariya: Lease for $169 per month for 24 months with $3,999 due at signing.
• Tesla Model 3: Lease for $299 per month for 36 months with 2,999 due at signing. Between September 12-30, 2024, you may qualify for a special deal where you can drive home a Tesla Model 3 or Model Y for $0 down. See Tesla for latest details.
• Kia Niro: Lease from $149 per month for 24 months with $3,999 due at signing

Please note that these deals are subject to change and may not be available in all regions. It’s always recommended to check with your local dealership or online resources for the most up-to-date information.

If those EVs don’t appeal, there are many models to choose from with more introductions scheduled for Q4 2024 and throughout 2025. Included in this list are the new Nissan Leaf (subcompact EV), the GMC Hummer (pick-up), and the Volvo EX30 (subcompact SUV), which has been getting rave reviews in early testing.

KEY TAKEAWAY

A slight drop in demand for EVs has made it a buyer’s market. Now is the time to buy an EV if you have been watching them for the past few years. Hyundai, Kia, Nissan and Tesla offer compelling entry models with lease payments under $300 per month. Remember: most manufacturers require modest down payments to lock in low lease rates.

Sources: EV Car Answers Editors, InsideEVs, Kia, Hyundai, Tesla, Nissan