From $189 a month: 5 of the best EV lease deals in October [Updated]

EV lease prices look better than expected, despite the end of the federal tax credit and the 25% import tariff being in place. Prices have crept up compared to last month, but several automakers have covered the $7,500 credit themselves or added extra incentives, and the price of one EV even dropped. Here are October’s top EV lease deals, spotted by our friends at CarsDirect.

2025 Hyundai IONIQ 5 lease from $189/month

The updated 2025 Hyundai IONIQ 5 SE RWD Standard Range remains one of the standout EV lease deals this month, holding steady even after the end of the federal EV tax credit and new import tariffs. Through November 3, you can lease one for $189 a month for 36 months (10,000 miles per year) with $3,999 due at signing. That works out to an effective monthly cost of about $300 – just $40 more than September.

The price bump is far smaller than many expected, especially with Hyundai’s $17,000 in lease cash factored in. And if you’re tempted by an upgrade, the SEL RWD trim is just $50 more per month under the same terms. You’ll get a model that’s roughly $7,000 more in value and $18,750 in savings.

The IONIQ 5 SE RWD Standard Range offers an EPA-estimated 245 miles of range, and this particular offer is available in the Los Angeles and greater California metro areas.

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Click here to find a local dealer that may have the Hyundai IONIQ 5 in stock. –trusted affiliate link

2025 Hyundai IONIQ 6 lease from $189/month

The 2025 Hyundai IONIQ 6 SE RWD Standard Range is tied with its sibling for the most affordable EV lease deal this month, offering standout value even after the federal EV tax credit ended. In the California metro area, you can lease it for $189 per month for 36 months (10,000 miles per year) with $3,999 due at signing, and Hyundai is sweetening the deal with $13,250 in lease cash.

That brings the effective monthly cost to around $300, which is only $20 more than last month when the tax credit was still active. With an EPA-estimated 240 miles of range, 149 horsepower, fast-charging capabilities, and a sleek, distinctive design, the IONIQ 6 remains a fan favorite. This offer is valid through November 3.

Click here to find a local dealer that may have the Hyundai IONIQ 6 in stock. –trusted affiliate link

2025 Kia Niro lease from $209/month

The 2025 Kia Niro Wind EV returns to our top 5 this month with an impressive regional lease deal. You can lease the Niro Wind EV for $209 per month for 24 months (10,000 miles per year) with $3,999 due at signing. The offer includes $11,800 in lease cash and $14,940 in total savings, bringing the effective monthly cost to about $376. That’s about $80 more per month than September’s tax credit-incentivized deal at $129, but it’s still a solid offer given the policy changes.

This deal is available to California, Colorado, Oregon, and Washington residents through November 3.

Click here to find a local dealer that may have the Kia Niro in stock. –trusted affiliate link

2025 Ford Mustang Mach-E from $219/month

The 2025 Ford Mustang Mach-E Select RWD with Package 100A is offering bigger savings this month, making it an even stronger pick for EV shoppers. Known for its premium design and an EPA-estimated 300 miles of range, the Mach-E remains a favorite among drivers who want style and substance.

You can now lease it for $219 per month for 24 months (10,500 miles per year) with $4,499 due at signing. That’s $20 less per month than September’s advertised deal, though the term is shorter. With an effective monthly cost of about $406, it’s only $45 more than last month, a smaller jump than many expected.

The offer includes $6,750 in lease cash for qualified lessees, plus a free Ford Charging Station Pro with complimentary home installation – a rare perk. If you already have a home charger, you can choose an extra $2,000 in bonus cash instead.

This deal is currently available in California through January 5, 2026. Ford is offering discounted leases on EVs through December.

Click here to find a local dealer that may have the Ford Mustang Mach-E in stock. –trusted affiliate link

2025 Chevrolet Equinox from $269/month

Through November 3, you can lease the 2025 Chevrolet Equinox EV 2LT for $269 per month for 24 months (10,000 miles per year) with just $679 due at signing – one of the lowest upfront costs we’ve seen lately. That works out to an effective monthly cost of around $297. It’s got a quirk, though – this deal excludes Black Cloth Seats.

This is one of the rare EVs to see a price drop in the post-tax-credit era. Compared to September’s offer of $309 a month with $2,609 due at signing, this Chevy Equinox lease is $121 cheaper in effective monthly cost.

The deal is available nationwide for current Chevrolet lessees or those switching from another brand, and it includes a $2,250 loyalty or conquest bonus on top of $1,750 in lease cash. Want to drive away with the newest model? You can upgrade for just $30 more per month.

With an EPA-estimated 319 miles of range, the 2025 Equinox EV 2LT offers solid value for drivers looking to get into Chevy’s newest electric SUV.

Click here to find a local dealer that may have the Chevrolet Equinox in stock. –trusted affiliate link

Other post-tax credit lease price changes

BMW has held steady with its EV lease prices. CarsDirect pointed out that the 2025 BMW i4 is now cheaper to lease than a 2026 Tesla Model 3 despite the former having an MSRP that’s $20,000 higher than the latter.

The 2024 Acura ZDX used to be one of the best EV lease deals around, but Acura discontinued lease offers on the EV more than a month ago. That’s likely because the company is dropping the model for the foreseeable future and it’s pretty much sold out.

Tesla’s most affordable EV, the 2026 Tesla Model 3 sedan, is up to 36% more expensive to lease than before. The new entry-level Standard Model 3 and Model Y trims can’t be leased.

VW leases lost up to $12,000 in discounts after the federal tax credits were killed off. CarsDirect found that 2025 VW ID.4 lease prices went from an effective cost of a little over $230 a month to an eye-watering $800 a month.

Read more: From $0 a month: 5 of the best EV lease deals in September

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