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Electric cars have become popular due to their lower running costs, lack of “tailpipe” emissions, and their quick acceleration compared to the average gasoline car. And yet, finding an electric vehicle lease deal this month is easier than ever. Even though the engineering behind electric cars is quite different, their leases are almost as conventional as a regular new car lease. What that means to you is that typical conditions like annual mileage limits, commitments to low wear and tear, and set durations of lease terms apply to EVs in the same way they apply to other vehicles. There are some differences though, and it’s important to understand what they are when negotiating the best possible lease for your new electric car. We’ve also put together this list of electric car lease deals to guide your shopping. The guide is updated monthly, and provides more than just the best EV lease deals. We also share smart ways to save money, and help you understand the pros and cons of leasing your new car. Best Electric Car Lease Deals in September 2025
There are more EVs now than ever before, and with those growing numbers there are a growing number of lease deals, too. There are small hatchbacks like the Nissan Leaf, luxurious EVs from recognizable brands like Mercedes-Benz and BMW, and crossovers like the Tesla Model Y, Ford Mustang Mach-E, and Hyundai Ioniq 5. The wide variety of models in the EV market mean there are more opportunities for shoppers to find a perfect fit. And if an all-electric vehicle is too much of a leap, you can also find deals on plug-in hybrids that offer some electric range, but with an internal-combustion engine on board. Just like leasing a gas or diesel-powered car or truck, there are advantages and disadvantages to an electric car lease. It’s a great way to get more car for your money. As the lessee, you are only paying for the depreciation of the vehicle over the course of the lease term as opposed to paying the full MSRP of the vehicle. This means you have a lower monthly payment, and possibly a smaller down payment. And like financing, dealers sometimes have incentives like bonus cash to reduce your monthly payments. EVs are particularly popular with people who want to have access to all the latest features and innovative technology. In addition, over-the-air updates are available in many EVs to keep that tech fresh, and can unlock extra features over the lease duration. Things like improved range and innovative safety systems can be a part of an over-the-air update. Leasing an EV has downsides too. Fixed annual mileage limits determined at signing are a part of any lease, and if you go over those limits, you will need to pay extra fees at the end of the lease. That’s also the case that if the vehicle is turned in with any excessive wear and tear. And of course, at the end of the lease you’ll have no car to show for all those monthly payments. Electric Car Lease TrendsA benefit for shoppers in the leasing market is when there are a lot of makes and models available. The fact that there are more EVs coming to market every model year means that manufacturers and dealerships have more competition for leases. And that means you, as a potential lessee, have a lot of options at lower prices. Pandemic-related shortages and supply chain issues are lessening, so there are more electric vehicles available now, waiting for interested shoppers to check them out.
2025 BMW i4 2025 Honda Prologue 2025 Hyundai Ioniq 5 2025 Hyundai Ioniq 6 2025 Jeep Wagoneer S 2025 Kia Niro EV 2025 Lexus RZ 2025 Mercedes-Benz EQB 2025 Subaru Solterra 2025 Volkswagen ID.4 Whether you’re leasing or buying, whether it’s a sports car or an EV, patience is your best friend throughout the process. It’s helpful to have a list of priorities before you even head to the local dealership, and keep them front of mind when shopping for EVs. It would seem like the top priority might be having the best driving range, and it may be for most shoppers. But some people might want some blistering acceleration or all-wheel drive (AWD), and for that they will need to sacrifice a few miles of range. Faster charging can also make up for a lower range rating. Newer EVs typically have the choice of powertrains and battery size, so understand what that means and determine your preferences by doing a little research. And pay attention to the deals, it’s not uncommon for the deal to be on a single-motor model—either front-wheel drive (FWD) or rear-wheel drive (RWD)—and not the AWD version. Research Available Financing OptionsIt’s also important to research different financing options because you may learn that financing will suit your situation better. Or you may learn that in fact, leasing is the best choice for you. But it is good to understand the lay of the financial land before you sign a lease. The reason financing a vehicle might be better is that you want to side-step mileage limits and potential wear and tear concerns. Another reason financing is better for you is that at the end of your loan, you will own the car. With a lease, you give the car back at the end of the term. Of course, you can opt to buy the lease out to own the car. It’s also nice to own a car that’s paid off, and not have those monthly lease payments anymore. Look into various lending options, too. This might be a loan from your bank, or a dealership loan. Understand that a loan will be based on the MSRP, or total value of the vehicle, and that’s why those monthly payments will typically be higher than a lease. Remember that a good credit rating is great way to get the best lease deal.
If you have a vehicle to trade in, that is another great way to lower the costs of your lease. Once again, remember that you don’t have the vehicle in your possession at the end of a lease, so make sure you’re okay with using a car you own to lease a new vehicle. Typically the trade-in amount will go to your down payment. Be sure you ask about the accessibility of incentives, whether they’re national or through the local dealer. Don’t be afraid to ask if there is wiggle room on mileage limits or if free routine maintenance is included. Many EV makers have offers for charging networks around the country, it’s smart to ask if free charging is included in your lease offer. And of course, ask these questions before lease signing. Electric Vehicle Tax CreditAn important question to ask a dealership about leasing an EV is if they will extend the federal tax credit of up to $7,500 to your lease. Many EVs and plug-in hybrids (PHEVs) are eligible for the tax credit if they’re leased—a tax loophole means that it’s even possible to get an equivalent discount on leased vehicles that wouldn’t qualify if they were purchased and financed. But because the dealership (or other leasing company) owns the vehicle during a lease, they get the tax credit, and must be willing to pass that discount along to you. So it’s not a traditional rebate or incentive for the lessee. There’s also a ticking clock, as the federal tax credit expires after September 30. Related Topics
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