Spring has sprung, and with it, a plethora of enticing Electric Car Lease Deals. Several EVs are currently available for under $300 a month. Let’s explore the cheapest electric car lease deals available this March.
The Rise of EVs and the Allure of Leasing
Following a record-breaking year with over 1.3 million EVs sold in the US in 2024, the electric vehicle market continues its upward trajectory. Nearly 200,000 electric vehicles were sold in the first two months of 2025, with the Tesla Model Y, Model 3, Honda Prologue, and Rivian R1S leading the charge.
Excluding the Rivian R1S and the older Tesla Model Y (now sold out), you can lease many of these top-selling EVs for under $300 a month this March. The average monthly lease payment for an electric car is significantly lower than the average loan payment, making leasing an attractive option for many buyers. According to Experian, the Tesla Model 3, Honda Prologue, Hyundai IONIQ 5, and Chevrolet Equinox are among the most frequently leased EVs. Impressively, all these models are currently available with lease deals under $300 a month.
Hyundai, Kia, and Genesis Electric Car Lease Deals
| Lease From | Term (Months) | Due at Signing | Effective Monthly Payment (Including Fees) |
|---|---|---|---|
| 2025 Kia Niro EV | 24 | $3,999 | $295 |
| 2024 Kia EV6 | 24 | $3,999 | $345 |
| 2024 Hyundai IONIQ 5 | 24 | $3,999 | $325 |
| 2025 Hyundai IONIQ 5 | 24 | $3,999 | $365 |
| 2024 Hyundai IONIQ 6 | 24 | $3,999 | $315 |
| 2025 Hyundai IONIQ 6 | 24 | $3,999 | $335 |
| 2025 Genesis GV60 | 24 | $5,999 | $548 |
Kia and Hyundai continue to offer some of the most budget-friendly and efficient EVs available. The Niro EV boasts one of the most competitive lease deals this month, starting at just $129 a month. The new 2025 IONIQ 5, with increased range and a Tesla NACS charging port, along with the sleek IONIQ 6, are both available with significant discounts. Even the luxurious 2025 Genesis GV60 can be leased for under $600 a month.
Hyundai is also offering a promotion that includes a free ChargePoint Level 2 home charger with the lease or purchase of a new 2024 or 2025 IONIQ 5 or IONIQ 6. Alternatively, buyers can opt for a $400 public charging credit.
Honda, Acura, Chevy, Ford, Toyota, and Subaru Electric Car Lease Deals
Several other manufacturers are offering competitive electric car lease deals. The Honda Prologue, Acura ZDX, Chevy Blazer EV, Chevy Equinox EV, Ford Mustang Mach-E, Ford F-150 Lightning, Toyota bZ4X, Subaru Solterra, Tesla Model 3, Nissan LEAF, and Fiat 500e all have lease options under $600 a month with varying terms and down payments. Refer to the original article for specific details on these lease offers.
Factors Influencing Lease Deals
It’s important to note that lease rates and incentives can vary by region. Some deals, like the Honda Prologue’s $239 per month offer, are limited to California and other ZEV states. Similarly, Acura’s $299 ZDX promotion is only available in select states like CA, NY, and OR. Federal EV incentives, such as the $7,500 tax credit, significantly impact the affordability of these lease deals. Potential changes to these incentives could affect future pricing.
Finding the Best Electric Car Lease Deal for You
With a wide range of electric car lease deals available, now is an excellent time to transition to an EV. Researching various manufacturers, models, and regional incentives will help you secure the best possible lease deal on your dream electric car.
