Here Are the Best Lease Deals Before the EV Tax Credit Goes Away
It’s a great time to lease an electric vehicle. With the $7,500 federal tax credit for new EVs expiring Sept. 30, dealers and automakers are incentivizing new electric cars to clear lots of slow-selling models. Consumers can benefit from steep cash incentives, low down payments and a leasing loophole that, for another few weeks, lets many lessees take advantage of the credit not available to buyers.
Related: Thinking About Getting an EV Before the Tax Credit Ends?
Here are some of the best lease deals through the end of September. Some automakers, such as Lucid, are offering a $7,500 lease credit that is a capital cost reduction that helps lower the monthly payment. All deals listed are available nationally, though some regional markets may offer better incentives; always check with the dealer to ensure the deal is offered, however, as it can vary by state and some dealers may not advertise it. A lease also has an acquisition fee due at signing, typically ranging from $295 to about $1,000, which is not included here.
2025 Subaru Solterra
Subaru’s lone EV, related to the Toyota bZ4X (now rebranded simply the bZ), has a good deal now before the 2026 Solterra arrives. The 2025 Subaru Solterra is driven by a dual-motor all-wheel-drive system and is good for an EPA-estimated range of 227 miles. The Solterra Premium has a $7,500 incentive and can be had for just $299 a month for 36 months with no money down. Like Toyota, Subaru updated its EV for 2026, giving it more power, quicker charging and greater range.
- Down payment: $0
- Monthly payment: $299
- Due at signing: $299
- Months/mileage: 36/30,000
- MSRP: $39,915
- Effective monthly cost: $299
2025 Nissan Ariya
The Nissan Ariya is one of Nissan’s most upscale and impressive products, though it seems to get overlooked among the other SUVs. Compared to rivals, it doesn’t stand out in any one category, with up to 289 miles of range with front-wheel drive or 272 miles with dual-motor AWD. The deal listed is for the base 2025 Ariya Engage FWD with the smaller 63-kilowatt-hour battery pack and a range of 216 miles.
- Down payment: $4,630
- Monthly payment: $329
- Due at signing: $4,959
- Months/mileage: 36/30,000
- MSRP: $41,910
- Effective monthly cost: $457
2024-25 Ford Mustang Mach-E
The Ford Mustang Mach-E adds an electric edge to Ford’s lineup of SUVs. Related to the iconic pony car in name only, the four-door, five-seat crossover has a range of performance personalities, including the range-topping GT trim that makes 480 horsepower and boasts a 0-60 mph time of less than four seconds. It rides pretty stiffly, whereas other Mach-E variants are comfier, more accessible and have better range figures of up to 320 miles. Ford is offering up to between $9,000 and $11,000 in lease cash on the 2024 Mach-E, depending on trims, while the 2025 model has incentives of between $6,000 and $7,750 lease cash. Listed below are estimates for the 2025 model lease. Top trims get expensive.
- Down payment: $4,069-$6,118
- Monthly payment: $255-$470
- Due at signing: $4,324-$6,588
- Months/mileage: 36/31,500
- MSRP: $39,990-$60,485
- Effective monthly cost: $412-$640
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2024-25 Mercedes-EQ EQB
Incentives for the Mercedes-EQ EQB include both the 2024 and 2025 model years, and apply to the entry level EQB250 and top EQB350. The EQB sits apart from other EQ models in Mercedes’ electric lineup, as it shares a platform with the gas-powered GLB. The small SUV has a range of up to 251 miles (in base 250 guise with a single motor and FWD), while the 207-mile range of the AWD 350 trails rivals. The lease deals enable an affordable trial run for shoppers curious but not convinced about electric luxury SUVs.
- Down payment: $4,069-$4,419
- Monthly payment: $249-$369
- Due at signing: $4,318-$4,788
- Months/mileage: 36/30,000
- MSRP: $54,200-$61,800
- Effective monthly cost: $412-$492
2025 BMW i4 eDrive40
The BMW i4 is an all-electric version of the 4 Series Gran Coupe with a range of up to 318 miles with rear-wheel drive or 287 miles with AWD. The M50 variant sacrifices range for the kind of performance expected from a BMW M sedan, with a 0-60 mph time of 3.7 seconds. BMW has monthly lease deals as low as $399 per month through the end of September.
- Down payment: $3,675
- Monthly payment: $399
- Due at signing: $4,074
- Months/mileage: 36/30,000
- MSRP: $60,425
- Effective monthly cost: $501
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2025 Polestar 3
The Polestar 3 has topped best lease deals lists for months as the upstart EV maker attempts to gain footing in the lucrative U.S. market. Once the name of Volvo’s performance arm and still sharing parts with the Swedish brand, Polestar operates mostly independently. The Polestar 3 is a sporty, two-row SUV with a single-motor RWD model capable of 350 miles of range or a 517-hp dual-motor performance model with 279 miles of range. The former, the 2025 Polestar 3 Long Range Single Motor, offers the best lease deal, with up to $15,000 in incentives.
- Down payment: $5,000
- Monthly payment: $399
- Due at signing: $5,399
- Months/mileage: 27/22,500
- MSRP: $68,900
- Effective monthly cost: $584
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2024 Jaguar I-Pace
One of the first electric SUVs on the market, as well as the first to be discontinued, the Jaguar I-Pace still has some good deals for its 2024 model. The I-Pace stands out for its shifty design and relative rarity. It comes standard with a 90-kWh battery pack and dual-motor AWD powertrain that makes 394 hp. Range peaks at 246 miles. Jaguar has a $7,500 cash incentive as well as $13,000 in bonus cash.
- Down payment: $5,251
- Monthly payment: $669
- Due at signing: $5,920
- Months/mileage: 36/30,000
- MSRP: $80,275
- Effective monthly cost: $815
More From Cars.com on EV Shopping:
- The EV Tax Credit Is Ending; What Should an EV Shopper Do Now, and What’s Next?
- Here Are the Best Finance Deals Before the EV Tax Credit Goes Away
- IRS Details Loophole Extending Federal EV Tax Credit
- How Can You Save on Your EV Purchase?
- Read More About the Latest in EVs
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