As battery-powered car sales continue to climb, dealers are slashing prices and offering sweet lease deals. From small hatchbacks like the Nissan Leaf and Hyundai Kona EV to sleek and spacious electric SUVs such as the Tesla Model Y, Ford Mustang Mach-E and Hyundai Ioniq 5, there are deals across the board for those looking to take the plunge into an all-electric vehicle.
Many shoppers are considering a switch to an electric vehicle (EV), but the high cost of ownership is often an obstacle. Leasing an Nearby electric car offers can make the transition more affordable by spreading out the purchase price over the term of the contract and lowering monthly payments. But before you decide to lease an EV, it’s worth learning more about the ins and outs of EV leasing.
A growing variety of lease options are now available, from traditional short-term leases to more flexible long-term contracts with optional extensions. These new leasing options, which are offered by some automakers and private leasing companies, can make it easier for shoppers to test drive an EV, then upgrade to a different model when the time comes to trade in the old one.
Some states also offer rebate savings on EV purchases or leases, as well as additional incentives from electric utilities and local air districts. Consumer Reports’ new EV Incentives Search lets shoppers quickly find offers by zip code and vehicle type, and it highlights rebate savings from the state where they live as well as federal tax credits of up to $7,500.
If you’re planning a road trip, be sure to consider an EV that has at least a 100-mile battery range and can use a DC fast charger for rapid charging from 10% to 80% in as little as 18 minutes. Otherwise, you’ll need to plan for stops along the way to recharge your vehicle. Luckily, the growing network of public charging stations will help you avoid an unscheduled pit stop.
The Kia EV6 is a great example of a compact EV that can be as practical as a Prius or a head-turning eye-catcher, depending on how it’s configured. It’s currently being offered with a low APR and a 60-month term, and it can be had in SE Standard Range, SEL or Limited trim. The EV6’s 310-mile range means you can easily cover your daily commute and more, plus it gets top marks in Kelley Blue Book’s Electric Vehicle Best Buy Award for two years running. The sleek, modern exterior and interior are also impressive for the price. Added bonuses include complimentary charging with Electrify America and regenerative braking that helps to charge the car’s battery.