Electric cars are the future of the automobile industry. With people getting more and more aware of the benefits of using an eco-friendly ride, the demand for EVs is rising.
With that being said, today, we have the list of the best electric car deals for you that you can grab this May. Not everyone can buy out a brand-new car, and not everyone likes the idea of buying one.
Some people like to rent out, or in layman terms, “lease out” a ride so that they can enjoy driving the cars that they actually cannot buy.
In the article below, we have lease deals 0 down, electric car deals right now, and this month’s specials that you would not want to miss at any cost. So let us get started and check out the latest Hyundai, Kia, BWM, Nissan, etc., best EV cars to lease.
18 Best Electric Car Lease Deals in May 2024
As the popularity of electric cars is increasing, we are seeing an elevation in the traditional lease deals related to the class. Companies are now focused more than ever on promoting them.
More than ever, several electric automobiles are available with eye-catching lease deals, huge discounts, and low financing rates. Some are even available with a combination of these offers.
Thus, we bring you the best electric car lease deals that you can grab in May 2024.
- 2024 Nissan Leaf
- 2024 Kia Niro EV
- 2024 BMW i3
- 2024 Chevrolet Bolt EV
- 2024 Chevrolet Bolt EUV
- 2024 Ford Mustang Mach E
- 2024 Hyundai Kona Electric
- 2024 Hyundai Ioniq Electric
- 2024 Hyundai Nexo
- Porsche Taycan
- Tesla Model 3
- 2024 Volkswagen ID.4
- 2024 Volvo XC40 Recharge
- 2024 Mitsubishi Outlander PHEV
- 2024 Chrysler Pacifica Hybrid
- 2024 Kia Niro
- Jeep Wrangler 4xe
- Hyundai Ioniq Plug-In Hybrid
Guide to Buy Electric Cars
Electric cars are people’s new favorite. They sure are lightweight and much quieter than the regular gasoline cars but knowing that they are eco-friendly too, makes them even more appealing.
However, not every buyer out there is completely aware of electric cars. Some don’t even know that there are types of electric vehicles that one should consider before buying.
If you know it all, then well. But if not, do not worry. In this section of the article, we are going to talk about different kinds of electric automobiles and the things you should consider while leasing one and more.
Types Of Electric Vehicles:
- BEV (Battery Electric Vehicle): BEVs run only on electricity. You do not get any gasoline options in your ride. So, you need to have your ride charges with an outlet or charging station.
- PHEV (Plug-In Hybrid): PHEVs are powered by both gasoline and electricity. Such vehicles can run entirely on electricity, gas, or a combination of both.
- HEV (Hybrid Electric Vehicle): HEVs use an electric motor to help the combustion engine. The vehicle will use electricity during acceleration or under light load.
Things To Consider When Leasing An EV
Now that you know that there are different types of electric vehicles, you also need to understand the mechanism of leasing one. There are a few things that you need to consider and make certain of before signing any documents.
Range Limits:
Just as gasoline vehicles have miles per gallon, electric vehicles have a range of miles that they can drive when fully charged. So before you finalize one, make sure you analyze your driving requirements &behavior to make sure you get the right one.
Technological Features:
Tech features are the prime needs in any type of requirement. The latest EV models are equipped with some of the best features the industry has to offer.
So look out for a vehicle that comes with the best & latest tech & safety features.
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Charging Point:
Consider your charging options well. Think about how and where you are going to charge your electric ride. Is there any charging station nearby or on the route that you will be taking every now & then?
Also, it is suggested to not fuss over a special outlet installation if you are only leasing one.
Comfort:
Comfort is the only thing that will keep you riding your car for a long time. So check the vehicle and see if it comforts you well while driving.
Adjustable seats, steering wheels, etc., are some of the basic comfort features that a ride must carry.
Reason To Lease An Electric Vehicle
Now that you are aware of things you should consider when leasing out an electric vehicle, there still might be some doubts left in some people’s minds.
Here, we have the reasons why any buyer should go for leasing an EV to put all the overthinking at rest.
- You can turn in the vehicle for an upgrade at the end of the lease.
- Lower monthly payments (in comparison to buying).
- Electric vehicles depreciate faster than other cars, so leasing is the best option to get your money’s worth.
- EVs are environment-friendly vehicles.
- They come with many unique and advanced features.
Best Electric Car Lease Deals Under $600 In May 2024
If you have been thinking about owning an electric vehicle, now is a great time to lease one. We did not say buy because leasing a vehicle will save you a lot of money, and if it is an EV, you will further save on gas and even help the environment.
Electric vehicles have now become a necessity of the world, and they are going to be upgraded more frequently than one can imagine. So buying one does not make much sense.
However, you can have the pleasure to ride one with the best electric car lease deals. Below, we share this month’s best lease deals for EVs. We have categorized the vehicles into All-electric and Hybrid categories.
1. 2024 Nissan Leaf
Features Details
- MSRP: From $28,040
- Lease Price: $329 per month for 36 months
- Due at Signing: $2,519
- Financial Deal: 2.99% APR for up to 36 months
One of the best electric car leases deals you can find this month is on the latest 2024 Nissan Leaf. This full-electric vehicle can be your leased ride for a down payment of $2,519, followed by monthly payments of $329 for 36 months.
The Leaf has a base purchase price of $28,040 and offers excellent fuel efficiency. So make 2024 Leaf yours with new electric car lease deals.
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2. 2024 Kia Niro EV
Features Details
- MSRP: From $39,550
- Lease Price: $329 per month for 36 months
- Due at Signing: $3,999
- Financial Deal: 2.90% APR for up to 72 months
The 2024 Kia Niro EV is a compact sport utility vehicle with one of the best Kia electric car lease deals. With the best EV cars to lease, you can rent out Niro for a due payment of $3,999 and monthly charges of $329 for 36 months.
Kia Niro has an efficient electric engine that provides good road mileage and is powerful enough to roar 201 hp. You can purchase this electric ride for a starting price of $39,550.
3. 2024 BMW i4 (This is replacement for BMW i3)
Features Details
- MSRP: From $52,000
- Lease Price: $489 per month for 36 months
- Due at Signing: $4,239
The 2024 BMW i4 is one of the best luxury EV car lease deals you can grab in May 2024. BMW i4 can be your lease ride for a downpayment of $4,239, followed by $489 monthly payments for the upcoming 36 months.
If you like, you can buy out this luxury ride for a base price of $52,000. It offers a powerful electric engine along with excellent gas efficiency.
4. 2024 Chevrolet Bolt EV
Features Details
- MSRP: From $26,500
- Lease Price: $299 per month for 36 months
- Due at Signing: $6,759
With the best electric car lease deals of May, you can lease out the 2024 Chevrolet Bolt EV for a lease price of $299 per month for 36 months and a down payment of $6,759.
Loaded with an efficient electric engine that offers immense mileage, you can purchase this Chevy for a starting price of $26,500 only.
5. 2024 Chevrolet Bolt EUV
Features Details
- MSRP: From $27,800
- Lease Price: $319 per month for 36 months
- Due at Signing: $6,769
With the best electric car lease deals near you, you can rent out the 2024 Chevrolet Bolt EUV. It can be yours for a down payment of $6,769 and a monthly payment of $319 for 36 months.
The latest Bolt EUV has an all-electric engine, compact size, and good gas mileage. And if you like, you can buy this SUV for a starting price of $27,800.
6. 2024 Ford Mustang Mach E
Features Details
- MSRP: From $45,995
- Lease Price: $589 per month for 36 months
- Due at Signing: $5,139
- Financial Deal: 5.59% APR for up to 72 months
You can lease out the 2024 Ford Mustang Mach E this month for $5,139, due at signing, followed by $589 monthly charges for 36 months.
2024 Mach E has a potent and fuel-efficient engine, good cargo space, and confident handling. Plus, you can buy this Ford electric SUV for a selling price of $45,995.
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7. 2024 Hyundai Kona Electric
Features Details
- MSRP: From $33,550
- Lease Price: $269 per month for 36 months
- Due at Signing: $3,999
- Financial Deal: 1.9% APR for 48 months and $750 cash back
The 2024 Hyundai Kona Electric is among the new electric car lease deals of May. Lease out this Korean make for a down payment of $3,999 with $269 monthly installments for 36 months.
You can buy out this fully electric ride for a retail market price of $33,550. You get an efficient battery range and excellent mileage. Hyundai Kona EV lease deals are one of the best lease deals of May.
8. 2024 Hyundai Ioniq Electric
Features Details
- MSRP: From $41,450
- Lease Price: $499 per month for 36 months
- Due at Signing: $3,999
- Financial Deal: 5.9% APR for up to 60 months and $3,750 cash back
The 2024 Hyundai Ioniq Electric can be yours for about three years with the new best electric car lease deals. With a down payment of $3,999 and monthly payments of $499 for about 36 months, you can lease out the latest Hyundai Ioniq. 2024 Ioniq is a fully electric ride, and you can purchase it for a starting price of $41,450.
9. 2024 Hyundai Nexo
Features Details
- MSRP: From $60,135
- Lease Price: $529 per month for 36 months
- Due at Signing: $3,499
Lease out the 2024 Hyundai Nexo for a down payment of $3,499 plus monthly payments of $529 for 36 months. You sure can purchase this ride for a starting price of $60,135. However, if the price seems out of budget, then leasing it out is the best option.
10. 2024 Porsche Taycan
Features Details
- MSRP: From $86,700
- Lease Price: $1,399 per month for 39 months
- Due at Signing: $12,729
If you are a luxury sports car enthusiast and always wanted to ride one, then this wish of yours is all set to become a reality with the best electric car lease deals.
You can lease out the 2024 Porsche Taycan for monthly charges of $1,399 for 39 months and $12,729 due at signing. This luxury ride is all about power, and you can make it yours for a purchasing price of $86,700.
11. 2024 Tesla Model 3
Features Details
- MSRP: From $40,240
- Lease Price: $424 per month for 36 months
- Due at Signing: $4,500
- Financial Deal: 5.59% APR for up to 72 months
Entering the month of May, we have the latest Tesla electric car lease deals waiting for you. With a signing amount of $4,500 followed by monthly payments of $424 for 36 months, you can lease out the 2024 Tesla Model 3 in the United States this month. This fully electric car comes with an initial selling price of $40,240.
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12. 2024 Volkswagen ID.4
Features Details
- MSRP: From $38,995
- Lease Price: $599 per month for 36 months
- Due at Signing: $3,999
Lease out the 2024 Volkswagen ID.4 this May for $3,999 as the signing amount and $599 monthly payments for 36 months. The electric SUV comes with a powerful engine with good efficiency and can be yours for a starting selling price of $38,995.
13. 2024 Volvo XC40 Recharge
Features Details
- MSRP: From $53,550
- Lease Price: $615 per month for 36 months
- Due at Signing: $4,090
- Financial Deal: 5.99% APR for up to 72 months or up to $2,000
With a down payment of $4,090 followed by monthly installments of $615 for 36 months, you can lease out the 2024 Volvo XC40 Recharge. Volvo XC40 comes with mediocre fuel efficiency compared to its competitors but quick & responsive acceleration. Lastly, you can purchase it for a starting amount of $53,550.
EV Hybrid Vehicles Lease Deals
14. 2024 Mitsubishi Outlander PHEV
Features Details
- MSRP: From $39,845
- Lease Price: $389 per month for 36 months
- Due at Signing: $3,388
The 2024 Mitsubishi Outlander PHEV is a compact sport utility vehicle that you can lease out this month for an initial deposit of $3,388, followed by a monthly payment of $389 for 36 months.
This hybrid SUV has a four-cylinder engine, three motors, and a high-range battery that gives you the best of both worlds. You can buy it for a starting price of $39,845.
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15. 2024 Chrysler Pacifica Hybrid
Features Details
- MSRP: From $50,795
- Lease Price: $693 per month for 39 months
- Due at Signing: $4,749
- Financial Deal: $750 cash back
With the best electric car lease deals, the 2024 Chrysler Pacifica Hybrid can be yours for a signing amount of $4,749 and a monthly charge of $693 for 39 months. The vehicle has a robust hybrid engine, and you can purchase it for a base price of $50,795.
16. 2024 Kia Niro
Features Details
- MSRP: From $33,840
- Lease Price: $419 per month for 36 months
- Due at Signing: $3,799
The 2024 Kia Niro is a plug-in hybrid compact sport utility vehicle. You can purchase this highly fuel-efficient ride for a starting price of $33,840.
However, if you are considering renting, you can lease out this hybrid SUV with the best electric car lease deals of May 2024. All you require is to pay a signing amount of $3,799 and monthly installments of $419 for 36 months.
17. 2024 Jeep Wrangler 4xe
Features Details
- MSRP: From $54,735
- Lease Price: $497 per month for 42 months
- Due at Signing: $3,995
The 2024 Jeep Wrangler 4xe comes with a May lease deal that allows you to rent out this plug-in hybrid for a down payment of $3,995, followed by monthly payments of $497 for 42 months. If you like, you can buy this off-road sport utility vehicle for a starting price of $54,735.
18. Hyundai Ioniq Plug-In Hybrid
Features Details
- MSRP: From $41,450
- Lease Price: $532 per month for 36 months
- Due at Signing: $2,000
The new Hyundai Ioniq Plug-In Hybrid model can be yours to lease out for a signing amount of $2,000, followed by monthly payments of $532 for 36 months.
Hybrid Ioniq comes in three configurations. And if you do not wish to go for the May lease deals 2024, you can buy the base trim for a starting price of $41,450.
Top FAQs About Best EV Cars to Lease in May 2024
What are the most affordable EVs a person can lease this month?
Electric vehicles are gaining popularity with time. Being eco-friendly and easier to handle, they are among the most affordable rides in the market.
There are many top models available with some of the best lease deals this May. You can go from an economical ride to a sports car to a luxury one with easy monthly payments and affordable down payments.
Some of the best electric car lease deals of May 2024 are mentioned below:
- 2024 Nissan Leaf
- 2024 Kia Niro EV
- BMW i3
- 2024 Chevrolet Bolt EV
- 2024 Chevrolet Volt EUV
- Ford Mustang Mach E
- 2024 Hyundai Kona Electric
- 2024 Hyundai Ioniq Electric
- 2024 Hyundai Nexo
- 2024 Porsche Taycan
- 2024 Tesla Model 3
- Volkswagen ID.4
- Volvo XC40 Recharge
- 2024 Mitsubishi Outlander PHEV
- Chrysler Pacifica Hybrid
- 2024 Kia Niro
- Jeep Wrangler 4xe
- 2024 Hyundai Ioniq Plug-In Hybrid
Should you buy or lease an electric vehicle?
Buying or leasing any vehicle depends on your requirements and the model you want. If you are someone who uses a vehicle to commute often and wants a ride for a longer period, then buying is the best option.
However, leasing an EV will provide you a vehicle to ride, and that too with cheaper monthly payments. You can even switch to a better model when your lease ends.
Can leasing a car get me the tax credit?
Generally, leasing out a car does not make a person eligible for state or federal tax credits in the United States. So, if you are thinking of leasing out a vehicle just for credits don’t do it.
However, you may be able to get some incentives from your leasing company for using their vehicle.
Can you negotiate a lease?
YES. Doesn’t matter which type of car you want. It can be an EV, a gasoline ride, or a hybrid; you can negotiate any lease.
To make sure you get the best lease deal available in the market, shop around. Visit different dealerships, compare their offers, negotiate to get the price you like, and then make a final decision.
Which companies are offering the best deals on electric cars right now?
There are several automakers out there that are offering top lease deals on their vehicles. However, when it comes to leasing deals on EVs, Nissan, Chevrolet, Kia, BMW, Hyundai, Tesla, Volvo are the top companies with the best electric cars lease deals.
Is buying an electric car worthwhile?
If you do not commute much or if you do not travel far distances a lot and can afford the initial cost of buying one, then you should go for an electric vehicle. Electric vehicles have lower energy costs and come with many incentives and tax credits.
What is the cheapest electric car one can buy?
The cheapest electric car that you buy this month is the 2024 Kia Niro. The vehicle comes with a base selling price of $24,690, making it the cheapest EV model at present.
However, if you like, you can even lease it out for 24 months for a monthly payment of $199 and a down payment of $2,999.
Can I lease out a Tesla?
Yes, you can lease out Tesla Model 3 with the best lease deals available. The vehicle initially cost $39,990 if you want to purchase it.
However, if you like to lease, you can have it for a downpayment of $4,500 for 36 months with $389 as the monthly installments.
Is leasing an EV a good choice?
Electric vehicles have a greater risk of value reduction than any other model out there. They can decrease in value within a year or two after their sale.
This is why leasing one makes much more sense and is highly cost-effective. While leasing, you do not have to worry about its value depreciation as that is the concern of the lease provider.
Conclusion
Leasing out a car is one of the best alternatives to buying it this May. Not everyone can pay a huge sum of money in one go, and not everyone is capable of handling huge loans.
However, with the best electric car lease deals right now, you can rent out some of the best all-electric and hybrid cars with the least payable amounts. Explore the list and let us know which deal caught your eyes.
