Who said electric vehicles are too expensive? With several EVs on sale for lease under $200 a month this October, the prices prove otherwise. Here are some of the best EV lease deals this month.
Despite talk of EV sales slowing in the US, most automakers just had a record third quarter. General Motors, Kia, Honda, and several others set EV sales records in Q3 with new models rolling out.
According to Cox Automotive, electric vehicle sales rose another 8% in the US in the third quarter, reaching 9% of the total auto market.
One of the biggest growth drivers is the ballooning incentives, especially for leasing. Leases accounted for 39.4% of retail EV sales in June, nearly double the industry average of 20.7%.
With most automakers passing on the $7,500 IRA tax credit, many electric models are about the same or even cheaper than a gas-powered equivalent.
In addition to leasing credits, conquest offers, and loyalty discounts, some EVs are available with nearly $20,000 in savings.
Despite having higher price tags, the massive incentives make it cheaper to lease an electric vehicle.
EVs for lease under $200 a month in October
With several models available for under $200 a month, including Hyundai, Nissan, and Kia EVs, October may be the perfect time to go electric. Here are some of the best EV lease deals this month (you can find deals in your area at the bottom).
The Nissan LEAF continues to be one of the most affordable EVs on the market, even before discounts.
Lease From
Term (months)
Due at Signing
Effective rate per month (including up front fees)
2024 Nissan LEAF
$109
36
$2,529
$179
2024 Nissan Ariya
$99
36
$3,329
$238
2024 Kia Niro EV
$169
24
$3,999
$336
2024 Kia EV6
$179
24
$3,999
$346
2024 VinFast VF 8
$199
36
$894
$244
2024 Hyundai IONIQ 5
$199
24
$3,999
$366
EVs for lease under $200 per month in October 2024
According to online car research firm CarsDirect, the 2024 Nissan LEAF S 40 kWh is listed for just $109 for 36 months. The deal includes $2,529 due at signing for an effective cost of $179 per month. In other parts of the US, the LEAF is still available as low as $179 per month, with $4,379 due upfront.
Nissan’s electric Ariya SUV is incredibly affordable to lease in many parts of the country. Despite an MSRP of around $40,000, the 2024 Nissan Ariya Engage can be leased for as low as $99 for 36 months, with $3,329 due at signing.
The deal includes a $5,000 Colorado Innovative Motor Vehicle Credit, $10,000 in bonus cash, and a $1,000 loyalty bonus.
The Kia Niro EV is another top EV lease option this month. You can lease a 2024 Kia Niro Wind EV for $169 for 24 months. With $3,999 due at signing, the monthly effective rate is $336.
Kia’s EV6 also made the list, with leases starting at $179 per month. The 2024 Kia EV6 Light Long Range RWD is available for $179 for 24 months. With $3,999 due at signing, the monthly effective rate is $346. In other parts of the country, the EV6 is listed at $249 per month.
VinFast is offering the VF 8 for $199 for 36 months. With just $894 due at signing, the lease deal is a steal at an effective monthly rate of $224, given the VF 8 Eco’s $47,200 price tag. The deal is available nationwide through October 31.
At under $200 a month, the Hyundai IONIQ 5 is one of the best EV lease deals this October. The 2024 Hyundai IONIQ 5 RWD SEL is offered for just $199 for 24 months despite an MSRP of $48,795. With $3,999 due at signing, the effective rate is $366 per month.
Hyundai launched a new “Ultra-Fast” lease offer for the 2024 IONIQ 5. The 13-month lease option lets you upgrade it like an iPhone. To sweeten the offer, no money is due upfront.
With the 2025 Chevy Equinox EV arriving at dealerships nationwide, GM is offering a sweet deal on 2024 models.
With a new $1,500 cash allowance, the 2024 Chevy Equinox EV FWD 2LT is only $299 for 24 months. With $3,169 due at signing, the effective monthly cost is $431. GM claims the Chevy Equinox EV is the “most affordable EV in the US with 315+ miles range.”
Other EV lease deals to consider this month include the Toyota bZ4X (from $239 per month), Honda Prologue ($259 per month), Subaru Solterra ($329 per month), and Kia’s three-row EV9 ($349 per month).
Ready to take advantage of the savings? The offers won’t last long with many ending at the end of the month. You can use our links below to view offers in your area.
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On today’s festive episode of Quick Charge, Tesla steps up for its owners by calling in mobile charging stations to cut down on wait time. Meanwhile Hyundai has some extra goodies for your stockings and Texas is cleaning up its act.
We’ve also got big savings for Toyota bZ4X and Subaru Solterra shoppers, as well as some good environmental news in the form of new solar and wind projects coming online at a record clip, and a dirty Texas mine that’s cleaning up its act.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!
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Dodge is rolling out a hefty discount on the 2025 Charger Daytona EV even though it hasn’t officially hit the market yet. According to a dealer bulletin, the 2025 Daytona EV qualifies for a juicy $3,000 discount, but you won’t see it advertised anywhere. Here’s how you could snag this deal and save big.
On December 13, Stellantis introduced the BEV Dealer Cash Coupon Program, an incentive program designed to sweeten the deal on electric Dodge models. Under this program, dealers get a $1,000 cash coupon for the Charger Daytona – and here’s the kicker – they can stack up to three of these coupons for a total of $3,000 in savings. Unlike traditional rebates that go directly to the buyer, dealers have the option to keep the incentive as extra profit.
The program covers both the 2024 and 2025 Dodge Charger Daytona EVs for purchases and leases. But there’s more: if you’re leasing, you can stack that $3,000 dealer cash with a $7,500 lease incentive tied to a commercial tax credit (unavailable when buying). Add it all up, and you could score a whopping $10,500 in savings. This deal is slated to end on April 30, 2025, so there’s time to plan your move.
For some context, the 2024 Dodge Charger EV starts at $61,590, including destination fees. With $10,500 in potential savings, that’s an impressive 17% discount off MSRP—and that’s before you factor in any additional dealer discounts. Interestingly, Dodge has a higher-than-usual difference between invoice and MSRP pricing on the Daytona, meaning there’s room for negotiation if you’re savvy.
Of course, there are a few things to watch out for. Dealer participation varies, so your results may depend on where you shop. Plus, Dodge hasn’t released pricing for the 2025 Charger Daytona yet, so there’s some guesswork involved. Still, if you’re hunting for a bargain, the 2024 Charger EV stands out as one of the best financing deals right now, offering 0% interest for up to 72 months.
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Toyota’s electric SUV may soon get a fresh start. After a rocky debut, the Toyota bZ4X is reportedly due for a rebrand, with a new name coming as soon as 2026.
Is Toyota giving the bZ4X a new name?
After launching the bZ4X in 2022, Toyota’s first electric SUV had a bumpy market debut. In June 2022, all bZ4X models were recalled over concerns that the wheels could fall off.
Since then, Toyota has struggled to gain traction. Through the first nine months of 2024, Toyota sold 13,577 bZ4X models in the US. Although that’s double the roughly 6,500 sold through Q3 2023, it’s still less than 1% of its over 1.7 total vehicles sold through September.
As Toyota looks to turn things around, the bZ4X is due for a complete rebrand. Speaking at a recent auto press event in Quebec, a regional director for Toyota Canada said the company is preparing to change the bZ4X name.
According to Motor Illustrated, Patrick Ryan, Toyota’s regional director for Quebec and Atlantic Canada, said the name change will occur over the next year.
Toyota just revealed the 2025 bZ4X last week, so it will likely be for the 2026 model year. Prices for the 2025 Toyota bZ4X start at $37,070 in the US, or $6,000 less than the outgoing model. The FWD model has an EPA-estimated range of up to 252 miles, while the AWD trim has a range of up to 222 miles.
Toyota promotes its bZ branding as “beyond Zero” in reference to EVs cutting emissions. Meanwhile, the “4” determines its format (think RAV4), and the X tells us it’s a crossover.
In the US, all Toyota vehicles are badged with an actual name other than the RAV4 and bZ4X. A new name may make sense since bZ4X is a bit of a tongue twister and had a less-than-favorable reception.
After unveiling its new Urban Cruiser electric SUV earlier this month, will Toyota follow a similar route with the bZ4X? Although its first three-row electric SUV is now delayed until 2026, we could see a completely different naming system rollout.
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