Best EV Lease And Financing Deals In May 2023

It seems EV lease and financing deals are already improving notably in 2023. That said, it might be safe to assume that most deals will never go back to the way they were before the pandemic. At any rate, if you’re going to buy or lease an EV this year, at least you’ll be appreciated of what manufacturers are advertising promotions.

While some brands haven’t yet published their manufacturer-sponsored leasing and financing offers this month, we like to get this article out as soon as deals begin to publish. It’s our hope that you can use this article to get a basic idea of ​​manufacturer-sponsored offers. However, you may be able to work out a better deal with your local dealer. At the same time, you could pay much more than the advertised incentives suggest.

Almost every leasing and financing deal we’ve found this month so far is the same as or better than last month’s. As 2023 progresses, automakers will continue to release new EVs and ramp up inventory, which could eventually lead to a growing number of even more competitive offers.

Some electric vehicles are already available with relatively appealing lease deals, small discounts, and/or reasonable financing rates. Some cars are available with a combination of these offers. Not all deals are equally appealing, but we’ve included them for comparison, and we’ll be working to add more throughout the coming days.

Tesla has been cutting its prices all year, so its vehicles have been more affordable than ever. Moreover, the automaker is providing information on its website about which cars are eligible for the newly revamped US federal EV tax credit, and how much they should qualify for. This is also the case with some other automakers.

Keep in mind that if you choose to lease instead of buy, the tax credit can help you at the time of the transaction. Plus, you won’t have to worry about whether or not your personal tax situation allows you to take advantage of the credit.

When you lease a new car, the tax credit goes to the lender and is often applied against the lease to offer the buyer a discount. Thanks to some recently discovered loopholes, leasing may mean a larger credit for some EVs. Leasing a Tesla Model 3 or Tesla Model Y may now prove cheaper than ever before. Bmake sure to go over all the details related to the tax credit before signing any paperwork.

Nissan Leaf deals haven’t been as appealing on the 2022 and 2023 models, but they’re still often better than rivals’ offers. the Chevrolet Bolt EV and EUV Bolt always have appealing lease deals available.

We suggest checking out Hyundai and Kia for some of the best EV deals available each month. We’re talking about cheap leases (sometimes with $0 down), low APR, and reasonable cash bonuses. If you need to get into a compelling electric vehicle with the cheapest payment possible, the Hyundai Kona Electric or Kia Niro EV are some of the best options at this time.

Keep in mind that deals aren’t available in all markets, and some have specific restrictions, so check with your local dealer for details on what’s available in your area. The best deals typically apply to people with excellent credit ratings. Moreover, the best manufacturer-sponsored incentives are often reserved for returning lessees, as well as automaker employees, family and friends.

Be sure to bookmark this page and check back often as we update deals regularly as new info becomes available.

2022 and 2023 Audi e-tron

• $7,500 lease bonuses
• 2.99% APR for 60 months

2022 Audi e-tron GT and RS e-tron GT

2023 BMW i4

• Lease for $489 per month for 36 months with $4,239 due to signing

2023 BMW i7

• Lease for $1,609 per month for 36 months with $9,259 due to signing

2023 BMW iX

• Lease for $989 per month for 36 months with $5,919 due to signing

2023 Chevrolet Bolt EV

• Lease for $299 per month for 36 months with $6,759 due to signing

2023 Chevrolet Bolt EUV

• Lease for $319 per month for 36 months with $6,769 due to signing

2023 Chrysler Pacifica Hybrid

• Lease for $693 per month for 39 months with $4,749 due to signing
• $750 cash back

2023 Ford Mustang Mach-E

• Lease for $589 per month for 36 months with $5,139 due to signing
• 5.59% APR for 72 months

2023 Genesis Electrified G80

• Lease for $899 per month for 36 months with $5,999 due at signing
• 3.49% APR for up to 60 months

2023 Genesis GV60

• Lease for $689 per month for 36 months with $5,999 due to signing
• 4.49% APR for up to 60 months

2023 Genesis Electrified GV70

• Lease for $799 per month for 36 months with $5,999 due to signing
• 4.99% APR for up to 60 months

2023 Hyundai Ioniq 5

• Lease for $499 per month for 36 months with $3,999 due to signing
• 5.9% APR for up to 60 months plus $3,750 bonus cash
• $3,750 cash back

2023 Hyundai Ioniq 6

• Lease for $499 per month for 36 months with $3,999 due to signing
• 4.9% APR for up to 60 months
• $1,000 cash back

2023 Hyundai Kona Electric

• Lease for $269 per month for 36 months with $3,999 due to signing
• 1.9% APR for 48 months
• $750 cash back

2023 Hyundai Santa Fe Plug-In Hybrid

• Lease for $575 per month for 36 months with $3,999 due to signing
• 5.99% APR for 60 months

2023 Hyundai Tucson Plug-In Hybrid

• Lease for $548 per month for 36 months with $3,999 due to signing
• 5.99% APR for 60 months

2023 Hyundai Nexo Fuel Cell

• Lease for $529 per month for 36 months with $3,499 due to signing
• 0% APR for 72 months plus $25,000 off

2023 Kia EV6

• Lease for $499 per month for 36 months with $3,999 due to signing
• 2.75% APR for up to 60 months
• $3,750 cash back

2023 Kia NiroEV

• Lease for $329 per month for 36 months with $3,999 due to signing
• 2.90% APR for up to 72 months

2023 Kia Niro Plug-In Hybrid

• Lease for $419 per month for 36 months with $3,799 due to signing

2023 Kia Sorento Plug-In Hybrid

• Lease for $609 per month for 36 months with $3,999 due to signing

2023 Kia Sportage Plug-In Hybrid

• Lease for $489 per month for 36 months with $3,699 due to signing

2023 Jeep Wrangler 4xe

• Lease for $496 per month for 36 months with $3,995 due to signing

2022 Jeep Grand Cherokee 4xe

• Lease for $519 per month for 39 months with $3,799 due to signing
• $2,000 cash back

2023 Mazda MX-30

• Lease for $451 per month for 36 months with $2,999 due to signing
• 2.49% APR for 36 months
• $500 Mazda Loyalty Rewards

2024 Mazda CX-90 PHEV

• Lease for $496 per month for 36 months with $3,999 due to signing
• 2.49% APR for 36 months
• $500 Mazda Loyalty Rewards

2023 Mercedes-Benz EQB

• Lease for $649 per month for 24 months with $5,343 due to signing

2023 Mercedes-Benz EQE

• Lease for $689 per month for 24 months with $6,673 due to signing

2023 Mercedes-Benz EQS Sedan

• Lease for $1,049 per month for 24 months with $9,283 due to signing
• 3.99% APR for up to 72 months

2023 Mercedes-Benz EQS SUV

• Lease for $1,049 per month for 24 months with $9,283 due to signing
• 3.99% APR for up to 72 months

2023 Nissan Ariya

• Lease for $429 per month for 48 months with $3,969 due to signing
• 2.99% APR for up to 36 months

2023 Nissan LEAF

• Lease for $329 per month for 36 months with $2,519 due to signing
• 2.99% APR for up to 36 months

2023 Polestar 2

• Lease for $469 per month for 36 months with $5,469 due to signing
• 4.99% APR for up to 72 months

2024 Polestar 3

• Lease for $1,149 per month for 36 months with $7,149 due to signing
• 6.99% APR for up to 60 months

2023 Porsche Taycan

• Lease for $1,399 per month for 39 months with $12,729 due to signing

2023 Subaru Solterra

• Lease for $569 per month for 36 months with $2,919 due to signing
• 3.9% APR for a limited term

2023 Tesla Model 3

• Lease for $424 per month for 36 months with $4,500 due at signing
• 5.59% APR for up to 72 months

2023 Tesla Model Y

• Lease for $524 per month for 36 months with $4,500 due at signing
• 5.59% APR for up to 72 months

2023 Tesla Model S

• Lease for $1,189 per month for 36 months with $7,500 due at signing
• 5.59% APR for up to 72 months

2023 Tesla Model X

• Lease for $1,339 per month for 36 months with $7,500 due at signing
• 5.59% APR for up to 72 months

2023 Toyota bZ4x

• Lease for $499 per month for 36 months with $4,999 due to signing

2023 Volvo C40 Recharge

• Lease for $549 per month for 36 months with $4,049 due to signing
• 5.99% APR for up to 72 months or up to $4,000 cash

2023 Volvo S60 Recharge

• Lease for $589 per month for 36 months with $3,889 due to signing
• 5.99% APR for up to 72 months or up to $1,750 cash

2023 Volvo S90 Recharge

• Lease for $1,085 per month for 36 months with $4,385 due to signing
• 5.99% APR for up to 72 months or up to $1,750 cash

2023 Volvo V60 Recharge Polestar Engineered

• Lease for $965 per month for 36 months with $4,265 due to signing
• 5.99% APR for up to 72 months or up to $1,000 cash

2023 Volvo XC40 Recharge

• Lease for $615 per month for 36 months with $4,090 due to signing
• 5.99% APR for up to 72 months or up to $2,000 cash

2023 Volvo XC60 Recharge

• Lease for $755 per month for 36 months with $4,505 due to signing
• 5.99% APR for up to 72 months or up to $1,000 cash

2023 Volvo XC90 Recharge

• Lease for $905 per month for 36 months with $4,305 due to signing
• 5.99% APR for up to 72 months or up to $1,000 cash

There are additional incentives out there. You just have to take the time and do your homework. Some automakers are still offering deferred payments, even if it’s not noted above or on their individual websites. Also, keep in mind that used EVs are available with reasonable deals as well, and the used market is finally seeing a notable drop in prices.

If there’s a solid EV deal we missed, please share it with us in the comments section below. In the meantime, let us know of any recent deals you took advantage of, and how it all worked out.