Looking to put a huge holiday ribbon on a new EV? There’s a widespread belief that buying a new car is always much cheaper than leasing it in the long run. However, we’ve found six EV lease deals that shatter that myth, with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee and enable the lessee to eventually own the vehicle for thousands of dollars less than paying cash up front.
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Pricing pressure from Tesla, increased EV supply, IRA Tax credit, and the looming model year changeover have spurred legacy automakers to continue sweetening incentives on their electric vehicles. Now there are six factory lease offers on EVs with an average monthly cost of under $400 before tax and license, which is a price point that rivals factory lease terms of low-priced ICE vehicles that include the Toyota Corolla LE, Chevy Equinox LT, and Honda HR-V LX.
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The latest new vehicle transaction report from KBB indicates that electric vehicle supply is still high, hovering at around 100 days, despite the average transaction price of an EV declining all summer long to a year-to-date low of $53,469. Legacy automakers continue to react by tweaking their incentives, and now we’re finding some of the best EV lease deals we’ve seen in a while.
Below are some of the best deals we found while updating our Electric Vehicle Price Guide and Electric Vehicle Lease Guide.
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When one carmaker controls over 60% of the EV market, any price changes can reverberate through the industry. In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry. Let’s take a look at the first price drops from legacy automakers…
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Looking to buy an electric vehicle right now? So is everyone else, apparently. In-stock dealer inventories of EVs are sparse at best, if not completely decimated, despite a lofty average transaction price north of $66,000. But don’t lose hope – there are relative bargains that price below $66,000, sell at close to MSRP, and are available for delivery sooner than later.
As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the prices and deals on EVs in the US.
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According to KBB, the average transaction price for a new electric vehicle increased by 1.8% in March amidst a 17% year-over-year increase. Hopefully that uptick will be reversed with an expected increase in supply, thanks to Chevrolet resuming Bolt production as well as a number of affordable EV models set to arrive at dealerships between now and the end of the year. However, if you have an ICE or short-range electric and want to take advantage of its elevated trade-in value before used car prices drop further, here are a few of the available options to consider.
As always, check our Electric Vehicle Price Guide and Electric Vehicle Lease Guide for prices and deals on EVs in the US.
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The average transaction price for a new entry-level vehicle is now at $43,072. That’s over $900 above MSRP, according to a recent report by KBB. Even worse, the average transaction price for a new electric vehicle has risen by 18.6% over the past year, nearly 5% more than the industry average. As such, we are highlighting EVs found during our survey of electric vehicle lease deals and discounts with dealer inventory that seem to be adequately supporting demand, thereby increasing your chances of negotiating a fair deal.
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Black Friday deals on EVs have been few and far between this season. The ones we managed to discover earlier last week were scooped up shortly after including on our Electric Vehicle Best Lease Guide. Coincidence? Perhaps. Good news is we took one last look yesterday and found a couple of great LEAF and Niro EV discounts. No doubt these will go quick, so for those left in the dust that absolutely need to buy or lease a car ASAP, we’re highlighting several offers worth considering in this supply-constrained market.
As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the best deals on EVs in the US.
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It’s not easy to find great deals in the current environment of increased demand and constricted supply. Still, we managed to find several good electric vehicle deals worth considering, especially for those that find themselves in a situation where they absolutely need to get a car right now.
EV shoppers that currently own a used vehicle (electric or not) that has drastically appreciated in value over the past several months should also take notice. Harvesting that trade-in value while scoring a decent deal on a new EV could mimic those great EV deals that were common in the not-so-distant past. As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the best deals on EVs in the US.
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In the midst of supply chain issues and low interest rates driving the average new car transaction to yet another all-time high – now at a lofty $42,258 – we found several recently introduced electric vehicles bucking the trend with factory rebates, dealer discounts, and attractive lease terms…
As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the best deals on EVs in the US.
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From now through August 2, Costco members can save $1,000 on a 2022 Bolt EV and EUV, $3,000 on a 2020/2021 Chevrolet Bolt EV, and $2,000 on a Volvo XC40 Recharge Pure Electric. Those deals and much more have been added to our updated best Electric Vehicle prices and leases.
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Is cost a major factor in your decision to finally jump into EV ownership? If so, our monthly nationwide search for electric vehicle lease deals and discounts turned up a number of great dealer offers that are worth considering.
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The past few months have certainly been an exciting season of electric vehicle announcements, reveals, introductions, and the like. With so much enthusiasm and salivating over new models and updates, do any of the currently available EVs have a chance at winning your hard-earned dollars before fresh choices start to appear in a matter of months? Before you answer, read on for some of the best deals discovered during this month’s search for electric vehicle lease deals and discounts, designed to distract buyers from what lies ahead and focus their attention to what is here and now.
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If you’ve been shopping for a 200-plus-mile EV, odds are that last week’s 2022 Chevrolet Bolt EV/EUV announcement really caught your attention. With a fresh look on the outside, majorly improved interior, included 240V 7.2KW charge cable, and perhaps most importantly, a starting price that is thousands of dollars less than the outgoing Bolt EV and its competitors, why not wait a few months for General Motors’ latest and greatest? Well, as one might expect, dealer discounts and factory rebates on 2020 and 2021 Bolt EVs have been adjusted favorably over the past few weeks, and there are some incredible deals inching the 2020-2021 Bolt starting price to near $20,000 now.
Those who religiously check our Electric Vehicle Price Guide after the first week of the month probably noticed that the factory rebate on a 2020 Bolt was bumped up to $8,500 for February, which was perhaps a preemptive move prior to the 2022 Bolt EV/EUV reveal.
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Happy New Year! Now that 2021 has arrived, dealers are even more motivated than last month to move old inventory off their lots. Remaining stock of 2020 models is already thin in some locales, so act soon if you find any of these offers on 200-mile EVs enticing.
As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the best deals on EVs in the US.
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During our monthly search for the best EV discounts, we found four models – two BEVs and two PHEVs – that can cost less than $20,000 before tax and license. Considering the average used vehicle price as reported by USA Today was trending upward at $21,558 in July, and that the average new vehicle transaction price is just shy of $40,000 ($39,259 to be exact, per Kelly Blue Book), $20K for a brand-new electric vehicle looks like a relative bargain.
Note this is the last week we’ll include PHEVs in our roundups. Our resolution for 2021 is BEVs only!
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Black Friday deals are here! Our Electric Vehicle Price Guide and Electric Vehicle Lease Guide have been updated with the latest EV offers, many of which are set to expire on November 30. Below are some of the best lease deals and discounts we’ve found…
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Year-end sales are kicking in! Manufacturers are sweetening their incentives, and dealers are increasing their markdowns on 2019 and 2020 models. Here are some of the most interesting offers we came across while updating our Electric Vehicle Price Guide and Electric Vehicle Lease Guide.
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Tesla isn’t the only company that makes an end of the quarter sales push. There are still a couple of days left to score a great end-of-quarter deal on several popular EVs all over the US. Even better, often you can get a local dealer to match or at least come down close to these best-in-nation deals. Here are some of the best offers currently on our Electric Vehicle Price Guide and Electric Vehicle Lease Guide…
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There’s still time for EV shoppers to score a great Labor Day deal! After updating our list of manufacturer lease offers, we found a few deals worth considering.
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Labor Day weekend is arguably the best time to buy a new car. Closing a deal any earlier may mean missing out on deep year-end discounts, but waiting too long often could result in missed opportunity as depleting inventory of old stock limits selection and availability. Our weekly updated survey of the best EV leases and best New EV discounts will help any shoppers out there hoping to score a great deal on a new electric vehicle. Even if one of the highlighted dealer/deals isn’t located nearby, you can use these prices to talk a local dealer down.
Here is the best of what we’ve found:
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