Spring is just around the corner and the EV deals are heating up. Right now, several electric models are available to lease for under $300 a month, making it a great time to make the switch (or upgrade). Here are the cheapest EVs you can lease this March.
Cheapest EVs you can lease this March
After a record year with over 1.3 million EVs sold in the US in 2024, the trend is expected to continue in 2025 with around 15 new models arriving.
January marked the tenth straight month with over 100,000 EVs sold in the US. The top five selling models, the Tesla Model Y, Model 3, Volkswagen ID.4, Tesla Cybertruck, and Honda Prologue, accounted for over 50% of total sales in the month.
Outside of the Cybertruck, all of them can also be leased for under $300 a month. With the average monthly lease payment for an electric car $175 less per month than the average loan, it’s no wonder buyers are choosing to lease.
According to the Xperian’s Q4 market report, the Tesla Model 3, Model Y, Honda Prologue, Hyundai IONIQ 5, and Chevrolet Equinox were among the most leased EVs, all of which are under $300 a month right now.
Hyundai, Kia, and Genesis
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| 2025 Kia Niro EV | $129 | 24 | $3,999 | $295 |
| 2024 Kia EV6 | $179 | 24 | $3,999 | $345 |
| 2024 Hyundai IONIQ 5 | $189 | 24 | $3,999 | $355 |
| 2025 Hyundai IONIQ 5 | $229 | 24 | $3,999 | $395 |
| 2024 Hyundai IONIQ 6 | $149 | 24 | $3,999 | $315 |
| 2025 Hyundai IONIQ 6 | $169 | 24 | $3,999 | $335 |
| 2025 Genesis GV60 | $299 | 24 | $5,999 | $548 |
Kia and Hyundai continue to offer some of the most affordable, efficient electric vehicles on the market. The Niro EV is one of the cheapest EVs you can lease this month at just $129 per month.
Meanwhile, the new 2025 IONIQ 5 (now with more range and a Tesla NACS charging port) and IONIQ 6 are arriving with big discounts. Even the luxury 2025 Genesis GV60 can be leased for under $300 a month this March.
- Find deals on the Kia Niro EV near you
- Find deals on the Kia EV6 near you
- Find deals on the Hyundai IONIQ 5 near you
- Find deals on the Hyundai IONIQ 6 near you
- Find deals on the Genesis GV60 near you
Honda Prologue and Acura ZDX
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| 2024 Honda Prologue | $239 | 36 | $1,399 | $335 |
| 2024 Acura ZDX | $299 | 24 | $2,999 | $424 |
Honda’s electric SUV continues to take the US market by storm. In the second half of 2024, the Prologue was the second best-selling electric SUV behind the Tesla Model Y. With an ultra-low lease rate of just $239 per month, the Prologue is even more affordable than a Civic this month.
Acura’s luxury electric SUV can be leased for as low as $299 for 24 months. With only $2,999 due at signing, the ZDX is cheaper than the Genesis GV60 thanks to generous discounts. In some states, ZDX discounts reach as high as $28,000, also making it more affordable than a Civic to lease this month.
Chevy Blazer and Equinox EVs
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| 2024 Chevy Equinox EV | $299 | 24 | $3,169 | $431 |
| 2024 Chevy Blazer EV | $299 | 24 | $3,879 | $461 |
Chevy’s new electric SUVs are quickly rolling out. The electric Equinox was among the top five best-selling EVs in the final three months of 2024. Both can be leased for under $300 a month this March. The Blazer EV is still slightly more expensive with $3,879. The Blazer deal also includes a $1,000 trade-in bonus.
Ford F-150 Lightning and Mustang Mach-E
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| 2024 Ford Mustang Mach-E | $213 | 36 | $4,462 | $337 |
| 2024 Ford F-150 Lightning | $233 | 24 | $6,792 | $421 |
Although F-150 Lightning sales are down this year, the Mustang Mach-E remains a top-selling electric SUV behind Tesla’s Model Y, Honda’s Prologue, and the Hyundai IONIQ 5.
Ford is sweetening the deal with a free Level 2 home charger for any EV purchase or lease through its “Power Promise” along with a host of other benefits.
Toyota bZ4X and Subaru Solterra
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| 2025 Toyota bZ4X | $259 | 36 | $2,999 | $342 |
| 2024 Subaru Solterra | $279 | 36 | $279 | $287 |
Toyota bZ4X and Subaru Solterra sales are starting to pick up. With an effective cost of only $287 per month, the Solterra may be the better option this month with standard AWD.
Tesla Model Y, Model 3 still among cheapest EVs in March
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) | |
| Tesla Model Y | $299 | 36 | $2,999 | $382 |
| Tesla Model 3 | $299 | 36 | $2,999 | $382 |
Tesla’s Model Y and Model 3 are still the best-selling EVs in the US and at under $300 a month, some of the cheapest you can lease this March.
Some of these rates may vary by region. The $239 per month Honda Prologue lease deal is offered in California and other ZEV states. Acura’s $299 ZDX promo is only available in CA, NY, OR, and other select states.
In other parts of the country, the Prologue is still listed at just $269 per month for 36 months. With $3,199 due at signing, the effective cost is still just $358 per month. However, a $1,000 conquest or loyalty offer can lower monthly payments to around $330.
With the Trump administration looking to end federal EV incentives, including the $7,500 tax credit, many of these savings could disappear soon. Automakers can offer such low lease prices right now largely because the tax credit is factored in.
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