Kia Offers $7,500 Bonus on 2023 EV6 Leases, $3,750 on Purchases

For a number of years, a $7,500 tax credit on the purchase of an electric vehicle was practically a given. But new rules implemented this year confuse the issue with requirements for battery capacity, sourcing of critical minerals in the battery pack, vehicle weight and MSRP. EVs and plug-in hybrids qualify on a sliding value scale, and the Treasury has released a list explicitly stating which vehicles the credit applies to. Being manufactured in South Korea, Kia’s EV6 doesn’t qualify for the federal tax credit, so the brand is offering customers bonuses for leasing or buying the 2023 model.

Related: Leased and Used Electric Vehicles Now Qualify for Federal Tax Credits

Now through July 5, customers are eligible for a $7,500 lease bonus on the 2023 EV6. This being leasing, it’s a relative simplification. The caveats: That bonus (in the form of a capitalized cost reduction) only applies to the rear-wheel-drive Wind trim and “well-qualified” lessees, which typically refers to those with an excellent credit score, or one that’s above 720. You’ll also need $4,999 available for the down payment, and you’ll have to pick your EV6 from existing dealer inventory. The deal allows for a monthly payment of $499 for 36 months.

Those interested in buying rather than leasing a new EV6 may be able to snag a separate deal that applies to all trim levels and drivetrain configurations: $3,750 bonus cash. In this case, the buyer needs no down payment, as the $3,750 from Kia Finance America functions as the down payment. Again, this deal only applies to current dealer inventory.

One thing that is clear and applicable across the board is the EV6’s desirability. It’s a comfortable, fun EV that has an EPA-rated range of up to 310 miles. If you’ve been considering buying or leasing one, now is a good time.

More From Cars.com:

• What Does the GT Button Do in the 2023 Kia EV6 GT?
• 2023 Kia EV6 Turns Out the Light, Adds GT and $1,000 More to Start
• 2022 Kia EV6 Review: Doing It Better Than Most
• What to Know Before Purchasing an Electric Vehicle: A Buying Guide
• Should I Buy an Electric Car or Plug-In Hybrid?

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