How to Save 25% on a New Car: Lease Then Purchase These Electric Vehicles

How to Save 25% on a New Car: Lease Then Purchase These Electric Vehicles

By Michael Harrison

November 23, 2024 at 07:22 AM

Electric vehicle leases combined with buyout options can offer significant savings of up to 25% off MSRP. Here's how to take advantage of current deals on new EVs.

Current Notable EV Lease Deals:

Hyundai Ioniq 5 Standard Range - $159/month

  • $3,999 due at signing
  • 24-month term, 12,000 miles/year
  • $25,485 buyout option
  • Total cost: $33,441 (22% below $41,800 MSRP)

White Hyundai IONIQ 5 parked outdoors

White Hyundai IONIQ 5 parked outdoors

Kia EV6 Light Long Range RWD - $219/month

  • $3,999 down plus $600 acquisition fee
  • 24-month term, 10,000 miles/year
  • $26,502 buyout option
  • Range: 300 miles, 225 HP

Red EV6 parked at vineyard

Red EV6 parked at vineyard

Nissan Ariya Engage - $289/month

  • $4,189 due at signing
  • 24-month term, 12,000 miles/year
  • $22,003 buyout option
  • Range: 272 miles, 214 HP

VinFast VF8 Eco - $199/month

  • No money down ($695 acquisition fee)
  • 36-month term, 10,000 miles/year
  • $21,712 buyout option plus $350 fee
  • Range: 264 miles, 349 HP

Kia Niro - $149/month

  • $3,000 due at signing
  • 24-month term, 10,000 miles/year
  • $24,585 buyout option
  • Range: 253 miles, 201 HP

Honda Prologue AWD EX - $289/month

  • $2,999 due at signing
  • 24-month term, 10,000 miles/year
  • $26,415 buyout option
  • Range: 275 miles, 288 HP
  • Represents ~30% discount from $51,795 MSRP

Important Considerations:

  • Deals are time-limited and region-specific
  • Credit score affects approval and rates
  • Carefully review mileage limits and fees
  • Available only on current dealer inventory
  • Federal tax incentives may change in 2024

These lease-to-buy deals offer an excellent opportunity to transition to an EV while securing significant savings off MSRP. The combination of low monthly payments and favorable buyout terms makes this an opportune time to consider an electric vehicle purchase.

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