The Best EV Lease And Finance Deals In May 2025
If you’re looking for a great deal on an electric vehicle (EV), now might be the perfect time to make a move before potential tax credit changes. Electric vehicle lease and finance deals have become increasingly attractive, with many affordable models available in the market.
The future of federal tax credits, which have enabled generous lease and financing offers, is uncertain under the Trump administration. Experts advise that consumers should consider purchasing or leasing an EV sooner rather than later to avoid potential price hikes.
May 2025 brings numerous discounts, bonuses, cash-back incentives, and conquest deals for EVs and plug-in hybrids. Some notable deals include:
- Tesla Model 3: $0 down payment lease for all trims
- Lucid: $4,000 discount for Tesla owners and $2,000 conquest offer for luxury gas and hybrid car owners
- Nissan Ariya: Lease for $149 per month for 36 months
- Hyundai Ioniq 5 and Ioniq 6: Attractive lease and financing options with up to $7,500 cash discount on purchase
- Kia Niro EV: Lease from $129 per month for 24 months
When leasing, the tax credit goes to the lender and is often applied as a discount. Leasing can be a smart move, especially for models not eligible for the tax credit when purchased outright.
Notable EV Deals
- 2025 Hyundai Ioniq 5 SE Standard Range RWD: Lease for $209 per month for 24 months
- 2025 Hyundai Ioniq 6 SE Standard Range: Lease for $169 per month for 24 months
- 2025 Kia Niro EV: Lease from $129 per month for 24 months
- 2025 Nissan Ariya: Lease for $149 per month for 36 months
- 2025 Tesla Model 3: Lease from $349 per month for 24 months
Key Considerations
- Check local dealer websites for accurate pricing as deals vary by region.
- Many manufacturer-sponsored incentives are reserved for returning lessees or those driving competitor products.
- Used EVs are available with reasonable deals, and some may qualify for a $4,000 point-of-sale federal incentive.
The window for these deals may be closing soon due to potential changes in tax credits. It’s essential to act quickly and do your research to snag the best EV deals.
