Best lease deals for EVs in 2025

The shift towards Electric Vehicles (EVs) is gradually taking place, with a heightened focus on them in the last few years. While the industry is experiencing advancements on the technical front in relation to the environment, there has been a growing investment of people looking to switch to EVs throughout the globe.

Those who wish to use a car for a few years and switch to a newer model will find leasing an EV to be both cost-effective and flexible. This guide will provide you with the best deals for leasing an EV along with other factors you should consider in obtaining the greatest value for your money in 2025.

Why You Should Consider Leasing an EV in 2025

Danson argues that leasing an electric vehicle in 2025 can be an advantage for many individuals as it allows one to adopt the evolving nature of driving technology without having to buy a car. Here’s some of the information from the article that can help one understand the importance of leasing an EV.

Financial Benefits of Leasing an EV

In comparison to purchasing a vehicle, leasing seems to require a lower initial payment. This applies especially to individuals who do not want to spend considerable amounts on vehicle purchases. Here’s how leasing helps financially:

• Lower Monthly Payments: A lease’s monthly payment is lower than that of a vehicle loan and that allows an individual to have a new EV at comparatively lesser monthly expense.

• No Worry About Depreciation: EVs lose value faster than traditional cars, and leasing allows one to shift some of the depreciation expenses. While leasing a vehicle, one pays only for the depreciation during the lease period.

• Potential Tax Credits: Some states offer extra perks or rebates when leasing an EV which makes it easier on the budget. Fed tax credits offered for electric vehicles, along with these rebates, can make the purchase more cost effective.

Environmental Impact

Electric cars have a positive impact on the environment, which is one of their greatest advantages. Unlike gas-powered vehicles, EVs have no tailpipe emissions, containing air pollution, and reducing greenhouse gases. By the year of 2025, most cities and states are already providing incentives for people to adopt electric vehicles, aiding drivers in making greener decisions.

Convenience and Flexibility

Unlike gas-powered vehicles, leasing an EV offers the convenience of little upkeep along with flexibility:

• Upgrading to Newer Models: Driving an electric car puts you on the cutting edge of technology because EV technology is changing at a rapid pace. Leasing allows you to use the newest models at the beginning of every few years without the hassle of selling an old car.

• Lower Maintenance Costs: EVs need less maintenance than traditional gasoline-powered vehicles. For one, there are no oil changes, and since there are fewer moving parts, there are bound to be fewer repairs.

Key Factors to Consider When Leasing an EV

Understanding Lease Terms

Here are the most important concepts associated with leasing an electric vehicle:

Down Payment

While charging no down payment is the norm, offering a down payment can get you lower payments each month. Additionally, be clear on the total amount you will have to pay before the lease is signed.

Mileage Limits

Most leases come with mileage caps that fall between 10,000 and 15,000 miles per year. Driving beyond this limit can result in costly penalties. If you are a frequent driver, it would be wise to go for a lease that gives you a higher mileage limit or negotiate for more miles.

Lease Length

A lease is expected to run for anything between 2 and 3 years. Think of how long you plan to use the vehicle before signing a lease. Opting for shorter leases means more regular upgrades, but could also mean higher monthly payments.

Residual Value

This is the estimated value of the vehicle when the lease period comes to an end. Residual value is more beneficial when its value is high, during the duration of a lease, as it brings down monthly payment costs.

Best EV Lease Deals for 2025

In 2025 the competition has heated up, and several car manufacturers are providing great lease offers for electric vehicles (EVs). In the event that you are contemplating purchasing an EV, these are some models you may want to consider leasing.

Top 5 EVs for Lease in 2025

Tesla Model 3

One of the more well-liked EVs, Tesla’s Model 3 provides superb range electric driving, innovative technology and seamless driving experience. Here are some reasons it’s great as a leasing unit:

• Lease Terms: Usually 36 month leases, but Tesla is quite flexible with fleet leasing options.

• Monthly Payment:  Depending on the buyer’s location and the trim level selected, payment can be around $400-$500 per month.

• Range: A full charge provides an exceptional 350 miles of range.

• Incentives: Tesla makes frequent promotional offers, especially to low-interest clients.

Chevrolet Bolt EV

Price wise, The Chevrolet Bolt EV is by far one of the more affordably priced electric vehicles in the market. Flexible price, combined with great performance makes the vehicle stand out.

• Lease Terms: Generally they are 36 months leases.

• Monthly Payment: Great for tight budgets as payment is around $250-$300 per month.

• Range: On top of its affordability, it also provides great range at 259 miles on a full charge.

• Incentives: Large manufacturer rebates and federal EV tax credits further enhance the affordability of the Bolt.

Nissan Leaf

As one of the most EVs globally, the Nissan Leaf is exceptionally popular due to its affordability and reliability, especially for first-time EV buyers.

• Lease Terms: Usual lease terms range from 24 to 36 months.

• Monthly Payment: Approximately $220-$280.

• Range: Depends on the trim level; 150-226 miles.

• Incentives:  Other government incentives make leasing the Nissan Leaf more affordable.

Ford Mustang Mach-E

• Lease Terms:  24-36 months

• Monthly Payment: Estimated between $400-$550 per month, subject to trim selection.

• Range: Up to 300 miles on a full charge.

• Incentives: Ford utilizes cash incentives as well as financing to make leasing more attractive.

BMW i4

The BMW i4 is their electric sedan, providing drivers with a luxurious and high performance vehicle.

• Lease Terms:  24-36 months.

• Monthly Payment: Estimated between $600-750 per month.

• Range:  300+ miles on a single charge.

• Incentives: Some manufacturer-issued monthly payment subsidies and federal EV tax credits will lower your payments.

How to Find the Best Lease Deals on EVs

Maximizing savings starts before the lease’s price is examined.

Researching Lease Offers

Looking for deals to lease an EV can also be done in several ways. It may help to start with these tips:

• Online Research: Various purchasing sites can be used. Plus, dealership and manufacturer sites are great to compare prices and lease offers.

• Dealerships: Check with local dealers for flexible promotion packages. Some might have incentives on leasing that can be negotiated.

• Car Brokers: Car brokers allow users to save time by searching for the best deals, obtaining priced information from various dealers, and coming up with ready solutions.

Timing Your Lease

A slew of offers can be availed by waiting for the exact opportune time. Given below are events where electric vehicle leasing deals are likely to pop up:

• End of the Year: Keeping an end of the year check is always fruitful as dealerships definitely offer promotions during inventory clearance for new arrival of models.

• Holiday Promotions: Deals can be availed during Leasing Day occasions like Labor Day as well as Memorial Periods.

• Quarterly Sales: Businesses have end of Quarter sales where they wan’t to improve quarterly figures and offer special sales. Electric Vehicles can greatly benefit from such deals.

Negotiating Lease Terms

Although some lease terms may be set in stone, there are areas that you can look into for a more favorable deal:

• Lower Monthly Payments: You could try negotiating the payment to align with the car’s remaining value and the initial payment made.

• Mileage: Ask for an increase in the mileage limit if you intend to drive extensively.

• Down Payment: If you’re in a position to make a larger initial payment, you may want to consider paying more to reduce your monthly payments.

Understanding Incentives and Rebates

Leasing an electric vehicle can be subsidized further because of different federal and state programs that subsidize the lease cost.

Federal EV Tax Credit

The government offers a tax credit up to $7,500 for qualifying electric vehicles (EVs). The leasing company may transfer this tax credit to the lessee and thus reduce the total cost of the lease for EVs.

State-Specific Incentives

Some states provide additional rebates or tax incentives for leasing EVs. For example:

• California provides up to $2,500 in rebates for leasing new EVs.
• New York provides anadditional $2,000 for renting a specific electric vehicle.

Such incentives may significantly cut the monthly payments and total costs associated with leasing an electric vehicle.

Manufacturer-Sponsored Incentives

To promote potential lessees, most car manufacturers have special lease promotion incentives to make their vehicles more attractive to customers. These incentives normally consist of:

• Cash discounts.
• Lowered rates of interest.
• Free maintenance for a limited time.

You can also read Certified pre-owned vs. used cars in 2025

Pros and Cons of Leasing an EV in 2025

Before we start, let’s determine the advantages and disadvantages of leasing an EV.

Pros of Leasing an EV

• Lower Monthly Payments: Monthly cost payments are normally lower than in financing with a loan.

• Frequent Upgrades: There is no need to worry about resale value, you’ll get a new vehicle to drive every few years.

• Lower Maintenance Costs: Most EVs are covered under a manufacturer warranty which means most repairs done are free.

Cons of Leasing an EV

• Mileage Limits: Driving over the capped miles will prove to be very expensive due to penalties.

• No Ownership: The car is not yours after the lease period ends.

• Customization Restrictions: Permanent changes cannot be done to a leased car.

What to Do After Your EV Lease Ends

There are a couple of things you can do when your lease term comes to an end.

Returning the Car

To avoid penalties related to excess wear, mileage, and other added charges, do not break the terms of the lease and return the vehicle in a reasonable condition.

Lease Buyouts

If you’ve become attached to the vehicle, consider buying it out at the end of the lease. If you love the car and want to keep it for the long term, this option would work great.

My Opinion| Finding the Best Lease Deals for EVs in 2025