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Kia reveals EV3 lease offer for $349 a month, but there’s a catch

The EV3 is now on sale as Kia’s most affordable electric vehicle, starting at $29,890. So, how much does it cost to lease?

2027 Kia EV3 prices and lease rates

Kia’s compact electric SUV is finally on sale in the US. Starting at just $29,890, the EV3 is one of the most affordable EVs on the market, alongside the new Chevy Bolt and Nissan LEAF.

The 2027 Kia EV3 is available in five trims: Light, Wind, Land, GT-Line, and a range-topping GT model.

It’s offered with two battery packs, offering an EPA-estimated driving range of up to 321 miles. The base EV3 Light has a 58.3 kWh battery that provides up to 221 miles of range, while the Wind, Land, GT-Line, and GT use an 81.4 kWh battery for up to 321 miles of range.

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Front-wheel-drive (FWD) models have a single 201-horsepower electric motor. Upgrading to all-wheel-drive (AWD) costs $3,200 but adds a rear electric motor for a combined 261 horsepower.

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2027 Kia EV3 (Source: Kia)

If you really want to get crazy, the $46,000 EV3 GT bumps up the power with up to 288 horsepower and adds a bit of flair with Kia’s exclusive GT design elements.

All EV3 trims come with a standard NACS port so that drivers can use Tesla Superchargers without a separate adapter.

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2027 Kia EV3 interior (Source: Kia)

The 58.3 kWh battery takes about 29 minutes to charge from 10% to 80%, while the 81.4 kWh takes around 31 minutes.

Inside, all models feature Kia’s latest ccNC (connected car Navigation Cockpit) with standard wireless Apple CarPlay and Android Auto. The setup offers nearly 30″ of combined screens, including a dual 12.3″ instrument cluster and touchscreen infotainment, plus a 5″ climate control display.

2027 Kia EV3 TrimStarting Price*Driving Range
Kia EV3 Light FWD$29,890221 miles
Kia EV3 Wind FWD$34,990321 miles
Kia EV3 Wind AWD$38,690280 miles
Kia EV3 Land FWD$38,490321 miles
Kia EV3 Land AWD$41,690280 miles
Kia EV3 GT-Line AWD$43,490280 miles
Kia EV3 GT AWD$45,890280 miles
2027 Kia EV3 starting price and range by trim (*Prices do not include a $1,495 delivery fee)

So how much does it cost to lease? Kia is now advertising 2027 EV3 leases starting at $349 a month.

Keep in mind, however, that the offer is for the EV3 Wind FWD model with $3,999 due at signing for 24 months. The 2027 Kia EV3 Wind AWD version has a special lease offer of $399 for 24 months with $3,999 due at signing.

Kia is also offering 0.90% APR financing for up to 48 months. The base $30,000 Light FWD trim still does not currently have any available lease offers.

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2027 Kia EV3 interior (Source: Kia)

At an effective cost of $515 a month, the EV3 Wind FWD is still cheaper to lease than the 2027 Chevy Bolt.

Top comment by travis peterman

Liked by 5 people

Frankly i don't see how they think they'll move these at an effective rate of $515. That's just $22 dollars less than an Ioniq 5s current effective rate ($537) and the Ioniq 5s were available for lease a mere 4 months ago (before EV popularity skyrocketed again) for effective rate of under $400 a month. I think they'll have to get that $515 down below $429 before they start moving.

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The 2027 Chevy Bolt FWD LT is listed at $419 a month for 36 months with $5,119 due at signing. That’s an effective cost of $561 a month, or nearly $50 more than the EV3.

Kia’s compact electric SUV also took the title of “America’s most affordable 315+ mile range EV” from the Chevy Equinox EV, offering up to 321 miles for about $35,000.

Which one would you drive? The Kia EV3, Chevy Bolt, or Chevy Equinox? Drop your pick in the comments.

If you’re ready to take a closer look, we can help you get started. You can use our links to find 2027 Kia EV3, Chevy Bolt, and Chevy Equinox EV models in your area.

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising