Top EVs you can lease for under $300/month this October
With a week left in October, now's the time to snag an EV lease with monthly payments under $300.
New EVs are popular to lease rather than own outright because most qualify for a federal tax credit that isn't always available to buyers. That might be why Edmunds data found almost 80% of new electric purchases are now leased, as of mid October. The lease "loophole" offers up to $7,500 off.
To find the best leases, CarsDirect, an automotive research firm, compiled lease terms through Oct. 31. We sorted through the best prices for all-electric options. Costs maybe vary based on your location and lease terms can inflate monthly costs.
From highest to lowest monthly cost, here are the best EV lease deals for October.
2024 Tesla Model 3 Long Range RWD
Monthly Payment: $299
True Monthly Cost: $410
Term Length: 36 months
Due at Signing: $3,999
Range: 363 miles
Sticker price: $42,490
2024 Subaru Solterra Premium
Monthly Payment: $279
True Monthly Cost: $286
Term Length: 36 months
Due at Signing: $279
Range: 227 miles
Sticker price: $44,995
2024 Honda Prologue EX
Monthly Payment: $259
True Monthly Cost: $295
Term Length: 36 months
Due at Signing: $1,299
Range: Up to 296 miles
Sticker price: $47,400
2024 Nissan Leaf S
Monthly Payment: $249
True Monthly Cost: $322
Term Length: 36 months
Due at Signing: $2,649
Range: 150 miles
Sticker price: $28,140
2024 Chevrolet Equinox EV 2LT
Monthly Payment: $239
True Monthly Cost: $365
Term Length: 24 months
Due at Signing: $3,029
Range: 300 miles
Sticker price: $41,900
2024 Toyota bZ4X XLE
Monthly Payment: $269
True Monthly Cost: $325
Term Length: 36 months
Due at Signing: $1,999
Range: Up to 252 miles
Sticker price: $43,070
The bZ4X deal is available longer than the others through Nov. 4.
2024 Hyundai Kona Electric SEL
Monthly Payment: $199
True Monthly Cost: $365
Term Length: 24 months
Due at Signing: $3,999
Range: Up to 261 miles
Sticker price: $36,675
For 2024 trims, the SE is available for $179 per month, while the top trim Limited is $249 under the same terms.
2024 Hyundai Ioniq 5 SEL RWD
Monthly Payment: $199
True Monthly Cost: $365
Term Length: 24 months
Due at Signing: $3,999
Range: 303 miles
Sticker price: $47,400
The base SE Standard Range with the same terms is $159 per month, while the SE is $189.
2024 Fiat 500e Inspi(RED)
Monthly Payment: $199
True Monthly Cost: $275
Term Length: 36 months
Due at Signing: $2,669
Range: Up to 149 miles
Sticker price: $34,095
2024 VinFast VF 8 Eco
Monthly Payment: $199
True Monthly Cost: $225
Term Length: 36 months
Due at Signing: $894
Range: 264 miles
Sticker price: $46,055
2024 Kia EV6 Light Long Range RWD
Monthly Payment: $179
True Monthly Cost: $345
Term Length: 24 months
Due at Signing: $3,999
Range: 310 miles
Sticker price: $45,950
With a 36-month deal the same EV6 bumps to $229 per month.
2024 Kia Niro EV Wind
Monthly Payment: $169
True Monthly Cost: $335
Term Length: 24 months
Due at Signing: $3,999
Range: 253 miles
Sticker price: $39,600
A 36-month term for the same Niro EV Wind pushes the monthly payment to $219 per month.
2024 Hyundai Ioniq 6 SE RWD Standard Range
Monthly Payment: $159
True Monthly Cost: $325
Term Length: 24 months
Due at Signing: $3,999
Range: 240 miles
Sticker price: $37,500
2024 Volkswagen ID.4 S
Monthly Payment: $99
True Monthly Cost: $265
Term Length: 36 months
Due at Signing: $5,995
Range: 206 miles
Sticker price: $44,855
Final thoughts
Big names in the EV space are looking attractive in October with affordable monthly pricing. The all-new Honda Prologue is on offer and the Hyundai Ioniq 6 has one of the best deals available on the base trim. Volkswagen is running a lease special on the ID.4 S model. Before committing to an EV, double check the range and battery specs. It's not as great of a deal if you'll be constantly charging.