The clock is ticking for those interested in taking advantage of the $7,500 federal EV tax credit before it expires this Wednesday. The tax credit has been a significant factor in making EV leases incredibly affordable, and once it expires, there’s no guarantee it will be reinstated. So, if you’ve been contemplating getting an EV at a great price, now is the time to act.
There are fantastic deals available on both mainstream and luxury EVs, but the key is knowing where to look. With the tax credit deadline looming, car dealerships are running low on inventory, making this weekend the perfect time to strike a deal. Instead of going through the traditional negotiation process, consider browsing leasing forums like Leasehackr or using a car broker to find the best deals available.
One standout deal that caught our eye is the Hyundai Ioniq 5, which continues to reign supreme with its aggressive lease offers. Some Hyundai dealers are currently offering leases for as low as $157 a month for 36 months, with $3,000 due at signing. This translates to a net effective payment of $235 a month for a vehicle that offers Tesla-style charging capabilities, impressive range, and overall great value.
For those looking for a luxury EV, both BMW and Mercedes are offering enticing deals to clear out their EV inventory. The BMW i4 can be leased for $399 a month for 36 months with $3,000 due at signing, while an ex-loaner Mercedes EQE SUV can be yours for as little as $399 a month with $3,500 due at signing. Keep in mind that these luxury brand leases may come with lower mileage allowances, so make sure it aligns with your driving habits.
If you’re in the market for a more affordable EV, options like the Chevy Blazer EV or Equinox EV are worth considering. One-time payments of less than $6,000 can secure you a two-year lease on these spacious electric crossovers, making them a great value proposition. Additionally, the Volkswagen ID.4 is currently offering incredibly low lease rates, with base models starting at just $99 a month for 24 months with $3,000 due at signing.
These are just a few examples of the incredible deals available as the EV tax credit deadline approaches. Remember, every lease is different, and qualifying for rebates and incentives may vary. It’s essential to do your research and compare offers to ensure you’re getting the best deal possible. With time running out, now is the perfect opportunity to take advantage of these exceptional offers before they disappear.