How Much Does It Cost to Lease an Electric Car

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How Much Does It Cost to Lease an Electric Car

The number of electric cars is rapidly increasing on roads. The global fuel crisis has forced consumers to opt for battery-operated vehicles in the U.S. With the expensive EVs coming to the market, it has become difficult to buy an electric car. More people are opting for lease options. We have the information you need if you wonder how much it costs to lease an electric car.

Leasing an electric car in the U.S. may cost you between $219 to $2000 or more. We have gathered all the EV options you can lease this year between this price bracket.

Pros of Leasing Electric Cars

Electric car companies have established a strong presence all over the globe. With more powerful EVs coming to the market, consumers have more options.

Despite the growing number of EVs, the cost factor restricts consumers from buying electric cars. While this may be correct, the electric car lease plans have opened the gates of hope.

You can lease almost any electric car in the U.S. this year. All you need to do is review the lease plans for different car brands and find your fit.

Before we jump to the lease costs for some of the popular electric cars in the country, it is vital to review the pros of leasing EVs. The following benefits may help you expedite your decision.

Possibility of Upgrades

The top benefit of considering an electric car lease is the option to upgrade when you want. Unlike purchasing a car, the lease plans allow you to change your vehicle after using it for a specific time.

You may find yourself in a deadlock if you purchase an electric car with a poor resale value. Such vehicles are hard to sell at a good price.

On the other hand, leasing your electric car allows you an error margin. You may switch to a better option if you are unhappy with your decision (per your contract).

Easy Negotiations

Leasing your electric car gives you the edge in making better deals. If you plan to buy an electric car set to launch a year after your first lease, you can upgrade to the new model as soon as it arrives.

You can use your car during your contract tenure and take it back to the dealership once the term completes. You can negotiate a good deal with the dealership to lease another car of your choice.

Going to the same dealership saves you from the hassle of providing personal information for the new lease contract. Easy negotiations help you upgrade your car seamlessly.

No Battery Degradation Costs

One of the many benefits of leasing your electric car is saving yourself from battery replacement costs. Since EVs run on batteries, they can lose their full-charge efficiency over the years.

Some electric car companies provide customers with a battery degradation warning. If you purchase your car, you will most likely have to bear the costs of replacements.

On the other hand, leasing your car for the short term can save you from paying those huge costs. You can take your car to the dealership and opt for a new lease contract with a car of your choice.

Added Incentives

Electric cars are not only people’s favorite but are also the environment’s favorite. The state governments encourage the use of electric vehicles to preserve the environment.

For example, leasing an electric car in California can get you a $2000 cash rebate from the state. Moreover, you can get up to two separate lease rebates from the state, costing $4000.

Another vital benefit is getting incentives from automotive companies. If you purchase an electric car from a specific brand, you may receive cash bonuses on your lease contract to reduce the overall price (to be paid).

Loyalty Benefits

Purchasing your electric car may be a one-time deal with the dealership. However, leasing your EV can keep you on the radar of the dealership. Dealerships always use tactics to engage their loyal customers for more contracts.

As you approach the lease term’s end, you will most likely receive special offers, including bonuses from your dealership.

As a part of the loyalty program, you may have a better position to make negotiations for your next lease plan with the dealership.

Best Lease Plans for Electric Cars

Let’s look at some of the best leases offers for different electric cars to help you choose your plan.

BMW iX 

BMW iX is a magnificent entry into the global EV market. The electric SUV comes with two electric motors capable of delivering 516 hp in the xDrive50 variant and 610 hp for the M60 variant.

The interior of the SUV reflects comfort and luxury infused together. You can enjoy a 300-miles range due to its large battery pack. Moreover, the iX covers 60 mph in 4 seconds.

The all-electric iX SUV has made it to the global market, receiving appreciation from car enthusiasts. If you want to lease any of the two variants of the EV, you can review the following lease plans.

  • The BMW iX M60 lease can cost you $1500 per month with 10,000 miles per year, costing $61,649 (total).
  • The BMW iXxDrive50 lease can cost you $1290 per month with 10,000 miles per year, costing $52,059 (total).

Audi e-Tron

When it comes to class, Audi e-Tron never fails to please. The all-electric SUV has an elegant design with a powerful performance to enjoy. The SUV generates 355 hp, which can enhance to 402 hp in the sport mode.

Audi has incorporated a luxurious interior in the e-Tron SUV. The electrified systems make it super convenient for the driver to switch between modes.

The all-electric Audi e-Tron is among the most successful EVs in the global market. If you want to lease your e-Tron, you can refer to the following details.

  • To lease Audi e-Tron Sportback, you can pay $740 per month and get 10,000 miles per year, costing $32,273 (total).
  • For Audi e-Tron Prem, you can pay $738 per month and get 10,000 miles, costing you $31,462 (total).
  • If you opt for Audi e-Tron Prem (Plus), you can pay $910 and get 10,000 miles per year, costing you $41,360 (total).
  • The Audi e-Tron (Premium) lease plan covers $860 per month with 10,000 miles, costing $37,713 (total).
  • The Sportback variant of Audi e-Tron Prem (Plus) can cost you $910 per month for 10,000 miles (per year), making a total of $41,460.
  • The S-Line package of the Audi e-Tron Sportback can cost you $1438 per month with a total of $55,483 for 10,000 miles.

BMW i4

Another all-electric car venture by BMW is the i4 sedan. The car has two powertrain options: the single-motor rear-drive eDrive40 and the all-wheel-drive M50. You can enjoy the horsepowers of 335 and 536 for the two variants, respectively.

The look and feel of the interior speak for themselves. You can find a perfect blend of luxury and sport inside the BMW i4.

If you want to lease any of the two variants of the all-electric BMW i4, you can review the following information. 

  • You can lease your BMW i4 M50 for $900 per month to get 7,500 miles per year, costing you $38,950.
  • To lease the BMW i4 eDrive40 variant, you can pay $760 per month to get 7,500 miles per year, costing you $32,220 (total).

Chevrolet Bolt EV + EUV

Finding Chevrolet on the list of all-electric cars may surprise you. The Chevrolet EV and EUV are two separate models with slight variations. You can find a 200 hp front-wheel drive in the Bolt EV, capable of delivering a range of about 259 miles.

The horsepower figures of the EUV model are the same. While this may be true, you may get a smaller range of 247 miles from the SUV.

Regarding the interior, both EV and EUV provide comfortable cabin space for long travels. You can also find all the latest features to keep you engaged.

If you are a Chevrolet fan and want to fulfill your EV dream, you can review the following lease options, to begin with. 

  • The Chevrolet Bolt EUV LT can cost you $240 per month and $11,610 (total) with 10,000 miles per year.
  • Leasing the Chevrolet Bolt EV LT can cost you $220 per month and $10,770 (total) for 10,000 miles per year.

Ford Mustang Mach-E

What if your favorite Mustang offers you an all-electric experience? The Ford Mustang Mach-E is the company’s gift for EV enthusiasts. The powerful car offers 480 hp with 0-60 mph in about 3.7 seconds.

Besides the powerful road experience, you can enjoy a super-spacious interior space in the Mustang Mach-E. The interior has many similarities with the fuel-based Mustang models.

Although leasing the Mustang Mach-E may not be everyone’s choice, you can enjoy the thrilling EV experience to fulfill your dream. Here is the lease information for you to review. 

  • The Ford Mustang Mach-E AWD (Premium) can cost you $812 per month and $31,668 (total) for 10,500 miles (per year).
  • The Ford Mustang Mach-E (Select) can cost you $648 per month and $25,272 (total) for 10,500 miles per year.
  • The rear-wheel-drive (RWD) variant of For Mustang Mach-E (Select) can cost you $640 per month and $25,040 (total) for 10,500 miles per year. 

Hyundai Kona Electric

Hyundai Kona Electric has a unique design to appeal to its customers. The all-electric sub-compact SUV provides a maximum horsepower of 201 with a 258-miles range.

The interior of the Kona Electric SUV reflects a tech-savvy look and feel. You can find a digital display cluster with navigation features. Hyundai has incorporated all the modern features you may expect from an EV.

If you like the design and comfort of the Hyundai Kona Electric, you can lease it after reviewing the following information.

  • The Hyundai Kona can cost you $280 per month and $13,980 (total) for 10,000 miles per year.

Jaguar I-Pace

Jaguar needs no introduction regarding exclusivity and fascinating designs. The all-electric I-Pace provides 394 hp and about a 253-miles range. You can enjoy different driving modes for a powerful road experience.

The Jaguar I-Pace offers a sophisticated interior space with a flashy dashboard design. You can find all the latest features in the car. While this may be true, the seats may not be comfortable for a long journey.

If you want to get your hands on the Jaguar I-Pace, you can review the following information about leasing the car. 

  • The Jaguar I-Pace can cost you $1227 per month and $42,945 (total) for 10,000 miles per year.

KIA Niro EV

KIA Niro EV is an all-electric car venture from the company to compete in the local market. Despite some of its competitive features, the Niro EV struggles to compete in the now-saturated EV market.

The Niro EV can provide 201 horsepower through its front-wheel-drive setting. You can achieve the 0-60mph distance in about 6.2 seconds.

The interior of the KIA Niro EV features all the modern features you can expect. You can ride comfortably on the seats with the option to heat them when it’s cold. 

If you want to buy the Niro EV, you can refer to the following lease option.

  • The KIA Niro EV can cost you $300 monthly and $14,300 (total) for 10,000 miles.

KIA EV 6

The EV 6 was the first all-electric car from KIA. It has established a positive market presence ever since its launch. The car provides two different battery settings, including the rear-wheel-drive and all-wheel-drive variants.

Looking into the room of the EV 6, we can find a futuristic design with attractive trims. You can enjoy almost all the latest features in the car, including a decent floating center panel.

To fulfill your KIA EV 6 dream, you can choose from the lease options available in your state. For your ease, here is a plan to review.

  • You can lease KIA EV6 GT-Line (All-Wheel-Drive) for $830 per month and $32,710 (total) to get 10,000 annual miles.
  • To lease KIA EV6 Wind (All-Wheel-Drive), you can pay $727 per month and $28,899 (total) for 10,000 annual miles.
  • The KIA EV6 Wind (Rear-Wheel-Drive) can cost you $670 per month and $26,790 (total) for 10,000 annual miles.
How Much Does It Cost to Lease an Electric Car
How Much Does It Cost to Lease an Electric Car

Wrapping Up

The above-mentioned costs to lease an electric car can help you decide on your next EV drive. If you want to explore the detailed features of each car, you can check out the official company websites to find more details.

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