Kia EV9 gets a special financing rate as low as 3.25%, new rebate
Kia’s first three-row electric SUV is already racking up the deals ahead of deliveries in the US. The 2024 Kia EV9 is now available for a special financing rate as low as 3.25%.
2024 Kia EV9 gets special financing rates
Although Kia’s new electric SUV is garnering “significant consumer interest,” the automaker is launching it with all sorts of deals.
Earlier this month, we learned the 2024 EV9 would be offered to lease for as low as $599 per month. The offer is for 36 months, with $5,999 due at signing. That’s nearly as good of a deal as a loaded Kia Telluride.
According to a new dealer memo, Kia is offering a $3,750 Customer Cash credit for US buyers at launch. Meanwhile, Kia is offering an alternative special financial rate on the 2024 EV9 for as low as 3.25% APR for 48 months. The deal extends to 3.99% APR for 60 months, 4.99% for 72, or 6.49% APR for 84 months.
Kia has yet to provide lease info for the base EV9 Light trim, but the Light Long Range RWD model is available for $599 per month with up to 304 miles of range. That’s based on an MSRP of $60,695 (including destination).
Kia EV9 Trim |
MSRP (including $1,495 destination fee) |
EPA Est. Range (miles) |
Lease deal (per month W/ $5,999 due at signing) |
| Light RWD | $56,395 | 230 | N/A |
| Light Long Range RWD |
$60,695 | 304 | $599 |
| Wind e-AWD | $65,395 | 280 | $659 |
| Land e-AWD | $71,395 | 280 | N/A |
| GT-Line e-AWD | $73,900 | 270 | N/A |
Although the Light Long Range costs $4,300 more than the entry-level trim, it features 74 extra miles range (compared to the Light RWD 230 miles range).
Meanwhile, the AWD Wind is available to lease for $659 per month, with $5,999 due at signing. The 2024 Kia EV9 Wind has an MSRP of $65,395 with up to 280 miles range.
Online auto research firm CarsDirect also found a hidden “Dealer Choice” incentive. It enables dealerships to offer the 2024 Kia EV9 with special rates as low as 5.25% for 48 months, and you get the $3,750 incentive. However, dealers can mark the rate up by 1%.
According to the firm’s research, the EV9 has better residual values than Kia’s first dedicated electric car, the EV6.
Electrek’s Take
The 2024 Kia EV9 deals are even better than what’s offered on the Telluride. A $3,750 incentive or $7,500 to lease makes the deal even sweeter.
At 197.2 inches long, the EV9 is slightly bigger than the Telluride, but it’s the same height (70.1 inches) and width (77.9 inches).
These are better deals than we’ve seen for other new electric SUVs, including the 2024 Chevy Blazer EV. Chevy is offering the Blazer EV for a lease rate of 7.99% for 36 months.
The 2024 Blazer EV 2LT AWD trim is available at $56,715, while the RS AWD model starts at $60,215. Both models feature a 279-mile range. Chevy is not passing on the $7,500 tax credit for leases. Instead, it’s allowing for inflated lease residuals.
After opening EV9 orders last month, Kia America’s VP of sales, Erica Watson, said the three-row electric SUV has “already gathered significant consumer interest with pre-orders.”
In light of this, Kia sent a letter to dealers asking them “to retail the EV9 without mark-up over the MSRP.” The first EV9 deliveries are expected by the end of the year.
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Environment
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025.
Pavel Mikheyev | Reuters
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.
Oil futures, 5 years
The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)
What’s going on in Illinois?
While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.
SOURCES: Chicago Business, Ray Cunningham; featured image by the author.
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The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.
We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.
SOURCE | IMAGES: XCMG.
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