If you are looking to get a new car in 2020, you should consider getting yourself an electric vehicle over the traditional petrol or diesel engines. Electric cars have greatly improved over the last few years, and they are now increasingly becoming common on the roads. The attractive electric car lease deals are finally making people ditch their petrol and diesel-powered car for convenient, environment-friendly electric-powered vehicles.
If you are not sure whether an electric vehicle will be a perfect car for you, you can take advantage of the short term car lease deal to get a feel on how EV cars run. The short term lease deals are good before buying an EV car as you are able to gauge the power and reliability of the car before making a long term commitment.
There are many reasons as to why your next car should be an electric car. Electric powered cars are cheaper to run and maintain. Since they run on electricity, the EV cars let you save as much as two-thirds of what petrol or diesel-powered engines consume per kilometer. Moreover, you can forget about the regular servicing that comes with petrol and diesel engines.
Unlike the conventional petrol/diesel engines that have a lot of moving parts, electric motors do not need a lot of maintenance. Electric cars also do not need various components that are expensive to replace if they fail like exhaust systems, fuel injection systems, starter motors, and radiators.
Nevertheless, it is worth noting that EV vehicles come in different sizes and designs. You can find electric vehicle lease deals for sedans, lavish SUV, compact hatchbacks, and practical family cars. The cars further come with different levels of electrification. The electric vehicles currently available in the market are hybrid, plug-in hybrids, and all-electric.
The hybrid option is the go-to car if you are looking for an experience that is close to what you are used to with petrol/diesel engines. They use both an electric motor and a gasoline engine. The plug-in hybrids come with bigger batteries allowing all-electric drive over short distances with the gasoline engine taking over once the battery runs out of power. The all-electric cars only use the battery as their source of power.
The 10 Best Cheapest Electric Car Lease Deals
1. 2020 Nissan Leaf
The 2020 Nissan Leaf comes with the safety shield 360 and Android Auto and Apple CarPlay as standard features. The model also comes with additional airbags to enhance the safety of the front and rear occupants. At the cost of $31,600 to $43,900, the 2020 Nissan Leaf lets you enjoy the quiet driving experience with quick and smooth acceleration.
The base model gives you a distance of 150 miles, but the Leaf Plus can take you up to 226 miles. The 2020 Nissan Leaf lease deals start at $269 per month and $430 per month for the Leaf SL Plus for 36 months with a down of $3979.
- It has more range than most of its competitors
- It comes with a broad range of driver assistance features
- Acceleration is quick and smooth
- Small baggage space
2. 2019 Hyundai IONIQ Electric
With starting prices of about $31,245, the Ioniq Electric has a distance range of up to 170 miles, which makes it one of the cheapest EV cars with that distance range. Although the model costs more than the 2019 Nissan Leaf, the presence of more storage space and extra miles makes the Hyundai a worthy investment.
It comes with well-rounded dynamics that make driving more enjoyable. The electric vehicle lease deals for the Hyundai Ioniq Electric start at $109 per month with a down of $2500 for 36 months. In places like New York, you can get the sign and drive lease deals that are as low as $79 with a small down of $999.
- Large cargo space
- Helpful driving assistance features
- Efficient use of electricity
- Limited availability
- Acceleration is not great
3. 2019 Volkswagen e-Golf
If you love the driving experience of Golf cars, the e-Golf is a worthy investment at MSRP of between $32,790 and $38,895. The model saw an upgrade from the 2018 model with the introduction of advanced driver assistance features and the DC fast charger as standards in the SE trim.
The e-Golf is all about maintaining the Volkswagen familiarity, personality, and practically without the harmful carbon emission. The EV lease deals for Volkswagen e-Golf start at $187 per month with a down of $2500 for 36 months.
- It comes with attractive interior materials
- Also, it has the feel of a typical car
- It has ample trunk space
- It has a short distance range
- Limited availability
4. 2020 Chevrolet Bolt EV
The Bolt EV is an impressive car with features that are hard to beat for its price range of between $36,620 and $41,020. The 2020 model sees an increase of 21 miles to take the overall distance to an impressive 259 miles.
The model considers an introduction of higher-definition surround-view and rearview cameras. The electric car lease deals for the Chevy Bolt EV starts at $239 per month for a 36 months payment plan with a down of $2,719.
- It has an impressive distance range
- It’s available nationwide
- It has a spacious cabin
- It has quick acceleration
- It does not have built-in navigation maps
5. 2020 Tesla Model 3
In the luxury category, the Tesla model is the cheapest and most popular electric car with a market price of between $39,990 and $56,990. The car has some of the best driver assistance tools among its competitors.
The great features coupled with the best Electric car lease deals make Tesla Model 3 a highly popular luxury car for individuals looking for the best in electric vehicles. Tesla Model 3 has the best luxury car lease deals that start at $583 per month for a 36-month payment plan with a down of $4000.
- It offers stature at a lower price
- It has more features than most competitors
- Charging is effortless with a supercharger network
- The touchscreen is not user-friendly
6. 2019 BMW i3
At median prices of $44,450 and $51,500, the 2019 BMW i3 is an excellent luxury car that gives you a luxurious driving experience at an average price. It comes with a large 42-kWh battery that gives you 30-percent more mileage than the 2018 model, letting you enjoy a total distance of 153 miles.
The model also comes with new exterior colors, and the rear and front parking sensors are now standard. You also get a chance to extend the features of your car to make your driving experience as comfortable as possible. The SUV car lease deals for the BMW i3 starts at $349 per month for 36 months with a down of $3999.
- It’s come with a feature range extender
- It has a smooth driving experience
- It has luxurious interiors
- The reverse-hinged doors can be troublesome in parking lots
7. 2020 Jaguar I-Pace
Although it is a little pricier than some of its competitors, the I-Pace has excellent acceleration and lovely handling. Available at market prices of between $69,850 and $80,900, is one of the best SUV cars in the market.
The I-Pace is not only stylish, but it is comfortable with everything you would expect from an SUV. It is one of the fastest and cheapest electric vehicles in the SUV segment. The SUV lease deals for I-Pace start at $849 with a down payment of $4,251 for 36 months.
- It has a good acceleration
- Handling and steering is enjoyable
- The braking system is not the strongest
8. 2020 Hyundai Ioniq Plug In Hybrid
Available at market prices that start at $26,300, the Hyundai Ioniq is one of the cheapest plug-in hybrid cars in the market. The 2020 model comes with a larger touchscreen and a host of safety features. The car comes with a 1.6-liter engine and a lithium-ion battery pack. The electric motor gives 29 miles of electric driving.
The Ioniq has seen major improvements that include an 8-inch touchscreen display, a wireless phone charger, automated steering assist, and LED headlights. Hyundai Ioniq has some of the best hybrid lease deals starting at $269 per month, with a down of $2199 for 36 months.
- It is affordable
- It comes with a host of useful features
- Shifting from electric to a gasoline engine is not smooth
9. 2020 Toyota Prius Prime
Available at market prices of between $27,600 and $33,500, the Prius Prime can give you up to 25 miles in the all-electric mode before the fuel-efficient engine takes over. The 2020 model has seen several upgrades with the addition of a fifth passenger seat being the most significant improvement.
It also examines the introduction of two USB ports for the rear seat. The satellite radio, Alexa, and CarPlay are now standard in the 2020 model. The lease deals for the Prius Prime starts at $299 per month with a down of $1999 for 36 months.
- It is cheaper than most plug-in hybrid cars
- It has comfortable front seats
- It has a slow acceleration
- The engine is noisy
10. 2020 Subaru Crosstrek Hybrid
The Crosstrek is a luxurious hybrid SUV that is unique to most EV SUVs. It is an all-wheel-drive with 8.7 inches of ground clearance enabling it to drive over obstacles that would slow down other SUVs easily. The SUV has a smaller space cargo, but it is adequate for most people. It comes with a motor that offers up to 17 miles all-electric drive and a 2.0-liter engine for long-distance drives.
Although the Crosstrek is a little expensive, it is an excellent electric vehicle for a bit of adventure without compromising on the fuel economy. The lease deals for the Crosstrek 2019 model start at $259 per month with a down of $2159 for 36 months.
- It offers a full SUV driving experience
- It has a high ground clearance
- It has a smaller cargo capacity
Frequently Asked Questions (FAQ)
What is the best car lease deal for electric cars right now?
The best lease deals may be different between different individuals due to the various aspects of lease deals. While a lease deal without a down payment may be the perfect choice for some individuals, others may prefer a deal with down payment and low monthly payment.
The best deal will also be different depending on your choice of car. A lease deal for an electric luxury SUV will be higher than a lease deal for an electric sedan car. That said, some of the best lease deals include $269 for Hyundai Ioniq in the hybrid category, $583 for Tesla Model 3 in the Luxury category, and $269 for the Nissan Leaf.
How to determine a good car lease deal?
To determine the value of a lease deal, you must thoroughly scrutinize the deal. The first factor that you should look at is the residual value of the car. A higher residual value will lead to lower payments. Cars that hold their value usually have the best lease deals due to higher resale value.
Another factor is the money factor, which is the interest you will pay for the lease deal. You should negotiate for the lowest possible money factor. You should also look for low fees and customer retention offers.
What is the best deal on a car lease?
A deal that is below $200 is a good deal for any electric car. If you can get a lease deal below $400 for an SUV, you can be sure that you are getting a good deal.
When you are looking for the best electric car, you must look beyond the attractive Electric car lease deals. Although the agreement may seem cheaper, you should search for other terms and conditions that might make the deal expensive, like fees and high money factor.
Furthermore, you must be willing to go beyond the lease deal to ensure you are getting value for your investment. Different electric cars have different features, which make them ideal for different uses, and hence it is good to compare cars within your price range. When comparing the different electric cars, you should look at the electric range, miles per gallon equivalent, and battery life.