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.

2023 Hyundai Ioniq 6 Review 2023 Hyundai Ioniq 6 Review

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 

2024 Audi e-tron GT

2023 Audi e-tron GT

2024 Audi Q4 e-tron 

2023 Audi Q4 e-tron 

2024 Audi Q8 e-tron

2024 BMW i4

2024 BMW i5 

2024 BMW i7

2023 BMW iX

2023 Chevrolet Bolt EV

2023 Chevrolet Bolt EUV

2023 Chrysler Pacifica Hybrid

2024 Dodge Hornet

2024 Fisker Ocean

2023 Ford Mustang Mach-E

2023 Genesis G80 Electrified

2023 Genesis GV60

2023 Genesis Electrified GV70

2023 Hyundai Ioniq 5

2023 Hyundai Ioniq 6

2023 Hyundai Kona Electric

2023 Hyundai Santa Fe Plug-In Hybrid

2024 Hyundai Tucson Plug-In Hybrid

2024 Hyundai Nexo Fuel Cell

2024 Kia EV6

2023 Kia EV6

2024 Kia Niro EV

2023 Kia Niro EV

2024 Kia Niro Plug-In Hybrid

2023 Kia Sportage Plug-In Hybrid

2023 Kia Sorento Plug-In Hybrid

2023 Jeep Wrangler 4xe

2024 Jeep Grand Cherokee 4xe

2023 Jeep Grand Cherokee 4xe

2024 Lucid Air 

2024 Mazda CX-90 PHEV

2023 Mercedes-Benz EQB

2023 Mercedes-Benz EQE Sedan

2023 Mercedes-Benz EQE SUV

2023 Mercedes-Benz EQS Sedan

2023 Mercedes-Benz EQS SUV

2023 Mercedes-Benz S 580e

2023 Nissan Ariya

2024 Nissan LEAF

2023 Polestar 2

2024 Polestar 3

2023 Porsche Taycan

2023 Subaru Solterra

2023 Tesla Model 3

2023 Tesla Model Y

2023 Tesla Model S

2023 Tesla Model X

2023 Toyota bZ4x

2023 Volkswagen ID.4

2023 Volvo C40 Recharge

2023 Volvo S60 Recharge

2023 Volvo S90 Recharge

2023 Volvo V60 Recharge Polestar Engineered

2023 Volvo XC40 Recharge

2023 Volvo XC60 Recharge

2023 Volvo XC90 Recharge

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.

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