If you’ve been dreaming of driving electric but are worried about the cost, this December might be your perfect chance. With plenty of EV lease deals starting under $200 a month, getting behind the wheel of an electric vehicle has never been more affordable. Let’s dive into the exciting options and why now is the best time to go electric!
Why EV Leasing is on the Rise
Did you know electric vehicles made up nearly 9% of all car sales in the U.S. last quarter? That’s a new record! More drivers are switching to EVs, thanks to a wave of incentives and discounts.
According to Stephanie Valdez Streaty, Director of Industry Insights at Cox Automotive, this growth is “fueled by incentives and discounts” as well as the arrival of more affordable EV models. And the deals are big: some EVs now have discounts of $10,000 to $20,000, plus federal tax credits of up to $7,500.
This means lower monthly payments—so low that leasing an EV is often cheaper than financing a gas car. In fact, a recent Experian report found the average EV lease payment is $198 less per month than buying one outright.
But here’s the catch: these EV Lease Deals may not last. There’s talk of phasing out the $7,500 federal EV tax credit, so December could be your last chance to snag these savings!
December’s Best EV Lease Deals for Under $200
Automakers are clearing out their 2024 models with some seriously enticing lease offers. Here’s a quick rundown of the best EV Lease Deals you can grab this month:
| Model | Lease Payment | Term (Months) | Due at Signing | Effective Monthly Cost |
|---|---|---|---|---|
| 2024 Kia Niro EV | $149 | 24 | $3,999 | $315 |
| 2024 Kia EV6 | $159 | 24 | $3,849 | $319 |
| 2024 Hyundai IONIQ 5 | $189 | 36 | $3,999 | $355 |
| 2024 Nissan Ariya | $169 | 24 | $6,219 | $428 |
| 2024 Fiat 500e | $179 | 42 | $2,999 | $250 |
| 2024 Honda Prologue | $259 | 36 | $2,999 | $342 |
| 2024 Chevrolet Equinox EV | $299 | 24 | $3,169 | $431 |
Spotlight on the Top Deals
Kia Niro EV
The 2024 Kia Niro EV is a budget-friendly way to go electric, with leases starting at just $149 per month for 24 months. With $3,999 due at signing, the effective cost is $315 per month—cheaper than many hybrids on the market!
Kia EV6
If you’re after a sporty ride, the Kia EV6 is worth checking out. Lease it for $159 per month with $3,849 down. That’s $319 per month to drive a stylish, long-range electric crossover.
Hyundai IONIQ 5
Hyundai’s IONIQ 5 is a fan favorite, and you can lease one for $189 per month. With $3,999 at signing, your monthly cost is $355—an amazing deal for this cutting-edge electric SUV.
Nissan Ariya
The Nissan Ariya SUV can be leased for as low as $99 a month in Colorado! In other states, it’s $169 per month with $6,219 upfront, which works out to $428 monthly. It’s still a solid option if you’re looking for a premium EV experience.
Fiat 500e
This adorable compact EV is perfect for city driving. Lease the Fiat 500e for $179 per month over 42 months. With just $2,999 down, your monthly cost is an ultra-affordable $250.
Honda Prologue
The 2024 Honda Prologue, Honda’s first dedicated electric SUV, is a fantastic deal at $259 per month for 36 months. With $2,999 due at signing, its effective monthly cost is $342. That’s less than leasing some compact gas cars like the Honda Civic, making it a smart and stylish choice.
Chevrolet Equinox EV
Chevy’s Equinox EV offers great value for families or anyone looking for a versatile electric SUV. At $299 per month for 24 months with $3,169 down, the effective cost is $431 per month. Its sleek design and practicality make it worth considering.
Why Wait? Act Now!
With EV Lease Deals this good, driving electric is easier (and cheaper) than ever. But these offers won’t stick around for long, especially if the federal tax credit changes. Don’t miss your chance to snag a budget-friendly EV lease this December—you might just find yourself ringing in the new year with a brand-new electric ride!
For more EV News, Reviews, and Blogs, stay tuned to AboutEVs.com!
