The Cheapest EV Lease and Finance Deals You Can Get in February 2025
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The Cheapest EV Lease and Finance Deals You Can Get in February 2025

Electrify Expo Seattle 2024 Volvo EX 30
  • EV lease prices are lower due to demand drops and Tesla’s pricing strategy.
  • The cheapest EV lease starts at $149/month.
  • Some dealers pass on the $7,500 federal tax credit, but not all – ask before leasing.
  • Shorter leases offer flexibility when new EV models launch.

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Thinking about getting an electric vehicle (EV) but not ready to commit to a full purchase? Leasing might be your best move – lower payments, fewer worries, and zero resale headaches.

Electric vehicles are not exactly cheap, and that high sticker price can make financing feel like a never-ending drain on your bank account. That is where leasing comes in. With an EV lease, you get a lower monthly payment, reduced upfront costs, and full warranty coverage throughout your lease term. Plus, when it is time to return your car, you can move on to the latest model without dealing with depreciation.

But here is something you need to know – the U.S. government offers a tax credit of up to $7,500 for electric cars. Some automakers and dealerships pass these savings on to lessees, but not all do. Make sure to ask about it before signing any lease agreement.

Leasing an EV could be a smart financial move right now. With lower monthly payments, possible tax incentives, and the ability to upgrade to the latest technology, it makes sense for many drivers. 

Here are the best EV lease deals for February to help you find the right one.

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Lexus electrified vehicles on display at Electrify Expo.

Best EV Lease and Finance Deals Right Now

Acura

Alfa Romeo

Audi

BMW

Chevrolet

Chrysler


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Dodge

Ford

Genesis

GMC

Honda


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Hyundai

Kia

Lexus

Lucid

Mercedes-Benz

Mini


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Mitsubishi

Nissan

Polestar

Porsche

Rivian

Subaru


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Tesla

Toyota

VinFast

Volkswagen

Volvo

2024 Tesla Model 3 Highland test drive at Electrify Expo

What You Need to Know Before Leasing an EV

EV lease deals are looking better than ever, but do not just grab the first offer that sounds good. Remember to:

  • Ask about the $7,500 tax credit. Some dealerships pass it on, while others do not.
  • Consider total costs. Upfront fees, monthly payments, and potential state incentives all matter.
  • Think about lease terms. Shorter leases mean more flexibility when new models hit the market.

If you want an affordable EV without worrying about depreciation, a lease might be your best bet. Do your homework, ask the right questions, and drive away with a deal that works for you.


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IMAGES: ELECTRIFY EXPO

FTC: We use income-earning auto affiliate links. Learn more.

AUTHOR: 

RANDI BENTIA

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