Does it make sense to lease an electric car?

According to published reports, around 80 percent of all electric vehicles are leased rather than purchased outright. It makes a great deal of sense, as the cash due at signing and monthly payments are lower than with financing.

Are electric cars cheaper to lease?

Electric cars are typically more expensive than equivalent petrol and diesel models, but leasing is often the cheapest way into a new car.

What electric cars can be leased?

Leasing an Electric Car

• 2020 BMW i3. Lease for $299 per month for 36 months with $3,999 due at signing ($7,500 rebate included in payment calculation).
• 2020 Chevrolet Bolt EV.
• 2020 Hyundai Ioniq Electric.
• 2021 Hyundai Kona Electric.
• 2020 Kia Niro EV.
• 2020 Nissan LEAF.
• 2020 Tesla Model 3.
• 2020 Tesla Model Y.

What is the best electric car deal?

The Nissan Leaf S, with its useful 151-mile electric range offers the best deal on an electric car in July.

What is the best car to lease?

The best lease deals are for those vehicle brands, such as Lexus, Mercedes, Porsche, Land Rover, and BMW, with the highest future resale values, or residual values, relative to their original cost. A high residual value creates a low monthly lease payment.

Can you lease an electric car?

Leasing an electric car means you can avoid the higher price tags that these vehicles often command. Instead of buying one outright, there are a host of reasons to consider driving an electric car through a car leasing deal, giving you access to the latest models, tech features and advancements in battery range.

How do you calculate an automobile lease?

A lease payment is determined by subtracting the MSRP or negotiated price, minus the residual value. The car dealership will provide you with the residual value. For instance, if you want to lease a car that costs $30,000 for three years, it may have a residual value of $15,000 at the end of the lease term.