Best EV Lease And Finance Deals In November 2023

Automakers are lowering prices and many lease and purchase deals are improving. It may be a better time than any to consider an EV.

Updated: Nov 13, 2023 at 11:09am ET

By: Andrew Lambrecht

EV lease and financing deals have been notably improving this year. 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 (or plug-in hybrid) this year, at least you'll be apprised of what promotions manufacturers are advertising.

Almost every leasing and financing deal we've found this month thus far is the same as or better than last month's. As 2024 closes in, 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 and PHEVs (we mix both in this story for expediency) 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, 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 is now considerably cheaper than ever before. Be sure to go over all the details related to the tax credit before signing any paperwork.

We also 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 bonus cash. If you need to get into a compelling electric vehicle with the cheapest payment, the Hyundai Ioniq 6 is one 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.

2024 Alfa Romeo Tonale

Lease for $409 a month for 24 months with $4,610 due at signing

2024 Audi e-tron GT

$10,000 National Customer Credit Bonus
$15,000 National Customer Credit Bonus for RS models
Lease for $1,009 a month for 36 months with $6,903 due at signing

2023 Audi e-tron GT

$20,000 National Customer Credit Bonus
$30,000 National Customer Credit Bonus for RS models

2024 Audi Q4 e-tron

$2,500 National Customer Credit Bonus
Lease for $459 a month for 36 months with $3,853 due at signing
3.99% APR for up to 48 months

2023 Audi Q4 e-tron

$4,000 National Customer Credit Bonus
2.99% APR for up to 48 months

2024 Audi Q8 e-tron

$5,000 National Customer Credit Bonus
Lease for $571 a month for 36 months with $5,965 due at signing
3.99% APR for up to 48 months

2024 BMW i4

Lease for $499 a month for 36 months and $4,599 due at signing
3.99% APR for 60 months

2024 BMW i5

Lease for 719 a month for 36 months with $6,529 due at signing

2024 BMW i7

Lease for $1,069 per month for 36 months with $7,799 due at signing
1.99% APR for 60 months

2023 BMW iX

Lease for $799 per month for 36 months with $6,429 due at signing
2.99% APR for 60 months

2023 Chevrolet Bolt EV

Lease for $299 per month for 36 months with $6,639 due at signing

2023 Chevrolet Bolt EUV

Lease for $319 per month for 36 months with $7,409 due at signing

2023 Chrysler Pacifica Hybrid

8.23% APR for 60 months
$3,750 cash back

2024 Dodge Hornet

Lease for $409 a month for 36 months with $5,895 due at signing

2024 Fisker Ocean

Lease for $379 per month (no fixed term) with $2,999 due at signing

2023 Ford Mustang Mach-E

Lease for $589 per month for 36 months with $6,159 due at signing
$4,250 cash back for Select
$6,250 cash back for Route 1 and Premium,
$9,250 cash back for GT
2.9% APR for up to 60 months

2023 Genesis G80 Electrified

Lease for $899 per month for 36 months with $5,999 due at signing
3.49% APR for up to 72 months
$1,000 cash back

2023 Genesis GV60

Lease for $539 per month for 36 months with $5,999 due at signing
4.49% APR for up to 72 months
$1,000 cash back

2023 Genesis Electrified GV70

Lease for $639 per month for 36 months with $5,999 due at signing
4.49% APR for up to 60 months
$1,000 cash back

2023 Hyundai Ioniq 5

Lease for $343 per month for 36 months with $5,008 due at signing
0.99% APR for up to 48 months

2023 Hyundai Ioniq 6

Lease for $229 per month for 36 months with $5,006 due at signing
0.99% APR for up to 48 months
$2,500 cash back

2023 Hyundai Kona Electric

Lease for $269 per month for 36 months with $3,999 due at signing
1.99% APR for 48 months

2023 Hyundai Santa Fe Plug-In Hybrid

Lease for $400 per month for 36 months with $4,007 due at signing
5.49% APR for 60 months

2024 Hyundai Tucson Plug-In Hybrid

Lease for $369 per month for 36 months with $3,999 due at signing
6.39% APR for 60 months

2024 Hyundai Nexo Fuel Cell

Lease for $529 per month for 36 months with $3,499 due at signing
0% APR for 72 months plus $33,000 off

2024 Kia EV6

Lease for $399 per month for 36 months with $4,999 due at signing
1.90% APR for up to 48 months
$3,750 cash back

2023 Kia EV6

Lease for $379 per month for 24 months with $4,999 due at signing
0.90% APR for up to 48 months
$5,000 cash back

2024 Kia Niro EV

Lease for $269 per month for 36 months with $4,499 due at signing
1.90% APR for up to 48 months
$2,500 cash back

2023 Kia Niro EV

Lease for $249 per month for 36 months with $4,499 due at signing
0.90% APR for up to 48 months
$3,750 cash back

2024 Kia Niro Plug-In Hybrid

Lease for $409 per month for 36 months with $3,799 due at signing

2023 Kia Sportage Plug-In Hybrid

Lease for $489 per month for 24 months with $3,699 due at signing

2023 Kia Sorento Plug-In Hybrid

Lease for $549 per month for 24 months with $3,999 due at signing

2023 Jeep Wrangler 4xe

Lease for $499 per month for 36 months with $2,999 due at signing
8.23% for 60 months

2024 Jeep Grand Cherokee 4xe

$2,000 cash back

2023 Jeep Grand Cherokee 4xe

Lease for $649 per month for 39 months with $2,999 due at signing
2.9% APR for 36 months
$2,000 cash back

2024 Lucid Air

Lease for $749 per month for 36 months with $8,069 due at signing
4.99% APR for up to 72 months

2024 Mazda CX-90 PHEV

Lease for $465 per month for 36 months with $3,999 due at signing

2023 Mercedes-Benz EQB

Lease for $499 per month for 36 months with $5,263 due at signing
4.99% APR for up to 72 months

2023 Mercedes-Benz EQE Sedan

Lease for $699 per month for 36 months with $6,823 due at signing
4.99% APR for up to 72 months

2023 Mercedes-Benz EQE SUV

Lease for $749 per month for 36 months with $7,344 due at signing
4.99% APR for up to 72 months

2023 Mercedes-Benz EQS Sedan

Lease for $1,079 per month for 36 months with $9,303 due at signing
4.99% APR for up to 72 months

2023 Mercedes-Benz EQS SUV

Lease for $1,079 per month for 36 months with $9,303 due at signing
4.99% APR for up to 72 months

2023 Mercedes-Benz S 580e

Lease for $1,649 per month for 36 months with $11,093 due at signing

2023 Nissan Ariya

Lease for $369 per month for 36 months with $4,149 due at signing
2.90% APR for up to 36 months
$1,000 cash back
$3,750 cash if financed through Nissan

2024 Nissan LEAF

Lease for $309 per month for 36 months with $2,689 due at signing
3.29% APR for up to 36 months

2023 Polestar 2

Lease for $349 per month for 24 months with $5,349 due at signing (option to terminate after five months)
6.99% APR for up to 72 months
$1,000 cash back

2024 Polestar 3

Lease for $995 per month for 36 months with $6,995 due at signing
6.99% APR for up to 72 months

2023 Porsche Taycan

Lease for $1,149 per month for 39 months with $9,959 due at signing

2023 Subaru Solterra

Lease for $399 per month for 36 months with $399 due at signing
0% APR for 72 months

2023 Tesla Model 3

Lease for $329 per month for 36 months with $4,500 due at signing
6.69% APR for up to 72 months

2023 Tesla Model Y

Lease for $399 per month for 36 months with $4,500 due at signing
6.69% APR for up to 72 months

2023 Tesla Model S

Lease for $1,099 per month for 36 months with $7,500 due at signing
6.69% APR for up to 72 months

2023 Tesla Model X

Lease for $1,249 per month for 36 months with $7,500 due at signing
6.69% APR for up to 72 months

2023 Toyota bZ4x

Lease for $389 per month for 36 months with $2,999 due at signing

2023 Volkswagen ID.4

Lease for $489 per month for 36 months with $0 due at signing
3.90% APR for 72 months
$1,750 cash back on AWD Pro S trim

2023 Volvo C40 Recharge

Lease for $483 per month for 36 months with $3,933 due at signing
$1,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo S60 Recharge

Lease for $569 per month for 36 months with $3,869 due at signing
$1,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo S90 Recharge

Lease for $965 per month for 36 months with $4,265 due at signing
$1,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo V60 Recharge Polestar Engineered

Lease for $949 per month for 36 months with $4,249 due at signing
$1,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo XC40 Recharge

Lease for $565 per month for 36 months with $4,015 due at signing
$1,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo XC60 Recharge

Lease for $729 per month for 36 months with $4,479 due at signing
$2,000 cash back
$1,000 Costco Auto Incentive

2023 Volvo XC90 Recharge

Lease for $905 per month for 36 months with $5,305 due at signing
$3,000 cash back
$1,000 Costco Auto Incentive

There are likely additional incentives out there, specific to certain regions or dealerships (if these brands have one.) 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 that market is finally seeing a notable drop in prices. There's even a new $4,000 federal tax credit that your used EV may qualify for.

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

Andrew Lambrecht

By: Andrew Lambrecht

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