Buying an electric car can be expensive, which is why leasing is an attractive option for many people.
Leasing an electric car allows drivers to enjoy the benefits of electric driving without the high upfront costs.
So, what are the cheapest electric cars that you can lease?
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Top 5 Cheapest Electric Cars You Can Lease
When it comes to electric cars, leasing can be a great option for those who want to try out an EV without committing to a long-term purchase.
Here are the top 5 cheapest electric cars you can lease in 2023.
1. 2023 Nissan Leaf
The Nissan Leaf has been a popular electric car for years, and it’s still one of the most affordable options on the market. The 2023 model starts at around $199 per month with a $2,999 down payment. It has a range of up to 150 miles on a single charge and comes with features like automatic emergency braking and a rearview camera.
2. 2023 Hyundai Ioniq Electric
The Hyundai Ioniq Electric is another affordable option, with a lease starting at around $219 per month with a $2,999 down payment.
It has a range of up to 170 miles on a single charge and comes with features like adaptive cruise control and lane departure warning.
Check out our article for the best and worst years for the Hyundai Ioniq.
3. 2023 Volkswagen ID.3
The Volkswagen ID.3 is a new electric car that’s making waves in the industry. It has a lease starting at around $279 per month with a $3,499 down payment.
It has a range of up to 263 miles on a single charge and comes with features like a panoramic sunroof and heated front seats.
4. 2023 Renault Zoe
The Renault Zoe is a popular electric car in Europe, and it’s now available for lease in the US.
It’s actually the car I drive on a weekly basis. We don’t drive a lot so we’re part of a car-sharing company where we have access to 50 Reneault Zone models. I think it’s a fantastic car! I didn’t expect it to do much (due to the size) but it’s incredibly silent.
It has a lease starting at around $289 per month with a $2,999 down payment. It has a range of up to 245 miles on a single charge and comes with features like a rearview camera and automatic climate control.
5. 2023 Mini Electric
The Mini Electric is a fun and quirky electric car that’s perfect for city driving. It has a lease starting at around $299 per month with a $2,999 down payment. It has a range of up to 110 miles on a single charge and comes with features like a touchscreen display and automatic headlights.
Overall, these electric cars offer a great value for those who are looking to lease an EV. With their affordable monthly payments and impressive features, they’re a great way to experience the future of transportation without breaking the bank.
20 Other Electric Cars With Cheap Leasing
As “Cheap” is relative – we’ve decided to list some suggestions for each type of car.
Subcompact Electric Cars:
- Chevrolet Bolt EV
- Nissan Leaf
Compact Electric Cars:
- Hyundai Ioniq Electric
- Kia Soul EV
- Volkswagen ID.3
Midsize Electric Cars:
- Tesla Model 3
- Polestar 2
- Ford Mustang Mach-E
Small Electric SUVs/Crossovers:
- Hyundai Kona Electric
- Kia Niro EV
- Nissan Ariya
Midsize Electric SUVs/Crossovers:
- Tesla Model Y
- Ford Mustang Mach-E
- Volkswagen ID.4
Compact Luxury Electric Cars:
- Audi e-tron
- Jaguar I-PACE
- BMW i3
Midsize Luxury Electric Cars:
- Tesla Model S
- Porsche Taycan
- Audi e-tron GT
Small Luxury Electric SUVs/Crossovers:
- Tesla Model X
- Jaguar I-PACE
- Audi e-tron
Factors to Consider When Leasing an Electric Car
When leasing an electric car, there are several factors to consider to ensure that the lease fits your needs and budget.
Here are some key factors to keep in mind:
1. Lease Term
The lease term is the length of time you’ll be leasing the car.
Most electric car leases range from 24 to 36 months. Shorter leases may have lower monthly payments, but you’ll need to return the car sooner and may have to pay fees if you end the lease early. Longer leases may have higher monthly payments, but you’ll have the car for a longer period of time.
2. Mileage Allowance
The mileage allowance is the number of miles you’re allowed to drive the car each year without incurring additional fees. Most electric car leases come with a mileage allowance of 10,000 to 15,000 miles per year.
If you think you’ll be driving more than the mileage allowance, you’ll need to pay extra fees for each additional mile.
3. Residual Value
The residual value is the estimated value of the car at the end of the lease term.
This value is used to calculate your monthly payments. A higher residual value can lead to lower monthly payments, while a lower residual value can lead to higher monthly payments. It’s important to consider the residual value when comparing lease offers from different dealerships.
4. Upfront Costs
Upfront costs include any fees or payments required at the beginning of the lease.
These can include a down payment, security deposit, and the first month’s payment. Some dealerships may offer no-money-down leases, but these may have higher monthly payments.
5. Charging Infrastructure
Finally, it’s important to consider the charging infrastructure in your area.
If you don’t have access to a charging station at home or work, you may need to rely on public charging stations. Some electric car leases come with free charging at certain stations, while others may require you to pay for charging.
By considering these factors, you can find an electric car lease that fits your needs and budget.