The Best Electric SUV Lease Deals In 2024

The appeal of electric vehicles has never been stronger. Aside from their sustainability benefits, EVs promise an exhilarating driving experience coupled with potential long-term cost savings. Yet, for many, the upfront expense of buying an electric car remains a hurdle. Thankfully, leasing provides an attractive alternative, offering the joys of electric mobility without a hefty initial investment.

In today’s market, a range of enticing leasing options is making electric cars more accessible than ever. From compact hatchbacks to spacious SUVs, automakers are rolling out appealing lease deals that suit diverse preferences and budgets. These incentives not only feature competitive monthly payments but also often include perks like zero or low down payments and attractive terms. Here, we explore some of the best electric SUV leasing deals currently available, pinpointing the most affordable and advantageous options for those eager to embrace the electric revolution affordably.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites and other authoritative sources, including HotCars and Car Buzz. The models below have been ranked based on their overall leasing cost as of April 2024.

10 Mercedes-Benz EQE SUV

$719 monthly for 36 months, with an initial payment of $7,323

The Mercedes-Benz EQE SUV stands out with its blend of cutting-edge features and performance prowess, making it a formidable contender in the electric SUV market. Boasting an impressive driving range, luxurious interiors, and innovative technology, the EQE SUV offers an unparalleled driving experience. With multiple trims to choose from, buyers can tailor their EQE SUV to their preferences, whether prioritizing range, performance, or luxury.

Mercedes-Benz EQE350+ SUV Performance Specifications

(Data was collected from Mercedes-Benz)

Leasing the Mercedes-Benz EQE SUV for $719 per month for 36 months, with an initial payment of $7,323, presents an enticing opportunity. Considering the vehicle’s premium features and performance capabilities, this lease deal offers excellent value for those with a bigger budget seeking a refined and eco-friendly driving experience. With its combination of advanced technology, spacious interiors, and striking design, this Mercedes-Benz EQE SUV lease deal provides both luxury and practicality for potential drivers.

Pros

• The Mercedes-Benz EQE SUV boasts innovative features such as biometric driver recognition, MBUX software with voice command functionality, and augmented reality navigation, enhancing both convenience and safety.
• With powerful electric motors capable of delivering up to 536 horsepower and acceleration from 0 to 60 mph in just four seconds, the EQE SUV offers an exhilarating performance typical of Mercedes-Benz AMG models.
• The EQE SUV’s spacious and lavish interior cabin, complete with premium materials like Nappa leather upholstery and ambient lighting, ensures a comfortable and upscale driving experience.

Cons

• While the EQE SUV offers decent cargo space with the rear seats folded down, its capacity falls short compared to some competitors like the Tesla Model Y or BMW iX, potentially limiting practicality for hauling large items.
• The luxury and advanced technology of the Mercedes-Benz EQE SUV comes at a premium price, making it a significant financial investment. Even with leasing options, the initial payment and monthly costs may be prohibitive for some buyers.
• While offering respectable driving ranges of up to 279 miles on a single charge, the EQE SUV’s range may be considered modest compared to some competitors, potentially limiting long-distance travel without frequent charging stops.

9 Rivian R1S

$639 per month for 36 months with $8,535 due at signing and 6.69% APR for up to 72 months

The Rivian R1S is a groundbreaking electric SUV, that combines practicality, sustainability, and luxury. Its spacious interior comfortably accommodates up to seven passengers with ample legroom and headroom, ensuring enjoyable long journeys. With the best range among electric SUVs – up to 390 miles – the R1S sets new standards for eco-conscious drivers seeking performance and sustainability.

Its supercar-like performance, driven by all-wheel-drive and individual electric motors on each wheel, delivers instant torque and agility, outperforming many gas-powered counterparts. Advanced automated driving assistance features, Level 3 autonomy, and a heads-up display only enhance safety and convenience.

Performance Specifications

(Data was collected from Rivian)

Leasing options start at $639 per month for 36 months, with an initial payment of $8,535 and 6.69% APR for up to 72 months, offering an enticing opportunity for eco-friendly yet high-performance SUV seekers. With its innovative features, spacious interiors, and impressive range, the R1S provides serious value in the electric SUV market, appealing to both adventure seekers and families. Rivian’s commitment to sustainability and technology makes leasing the R1S not just a smart financial choice, but also an investment in the future of electric mobility.

Pros

• With a maximum battery pack offering up to 390 miles of range, the Rivian R1S stands out as one of the electric SUVs with the best range in the market.
• The R1S boasts supercar-like performance, thanks to its all-wheel-drive system powered by individual electric motors on each wheel.
• Equipped with advanced automated driving assistance features and Level 3 autonomy, the R1S offers a safe and convenient driving experience.

Cons

• The lease deal for the Rivian R1S requires a significant upfront payment of $8,535, which may be a barrier for some potential lessees.
• As a relatively new entrant in the market, Rivian may have limited availability of the R1S in certain regions.
• The lease deal for the Rivian R1S comes with a relatively high APR of 6.69%

8 Lexus RZ450e

$429 per month for 27 months with $4,999 due at signing and 0% APR for up to 72 months with up to $10,000 cashback.

The Lexus RZ450e heralds Lexus’s bold foray into the electric SUV arena, seamlessly marrying luxury and sustainability. Priced at $429 per month for 27 months with just $4,999 due at signing, 0% APR for up to 72 months, and up to $10,000 cashback, its lease deal is hard to overlook. The RZ450e epitomizes Lexus’s dedication to sophistication and innovation, featuring an aerodynamic yet striking exterior design.

Its dual-motor all-wheel-drive system churns out 308 horsepower and 321 pound-feet of torque, ensuring swift acceleration and plush performance typical of luxury SUVs. Equipped with a panoramic sunroof, adaptive cruise control, and power-adjustable steering column, the RZ450e prioritizes both comfort and convenience for discerning drivers.

Lexus RZ450e Performance Specifications

(Data was collected from Lexus)

Noteworthy for its capacious interior, the RZ450e boasts 23.7 cubic feet of cargo space, expandable to 55.6 cubic feet, along with lavish amenities such as faux suede and synthetic leather upholstery, a 14.0-inch infotainment display, dual-zone climate control, and wireless device charging. Innovative features like a yoke steering wheel and steer-by-wire system further elevate connectivity and driving experience.

Pros

• With amenities such as a panoramic sunroof, ambient lighting, and heated/ventilated seats, it provides a comfortable and sophisticated driving experience.
• Innovative options like the yoke steering wheel and steer-by-wire system further elevate its appeal.
• Despite its focus on luxury, the RZ450e delivers decent performance with its dual-motor all-wheel-drive setup, producing 308 horsepower and 321 pound-feet of torque.

Cons

• With a range of approximately 220 miles on a single charge, the RZ450e falls short compared to some of its competitors in the electric SUV segment.
• While the lease deal offers attractive monthly payments and cashback incentives, the initial due at signing and overall cost of leasing may still be relatively high for some consumers.
• The steer-by-wire system, although innovative, may take time to adapt to, and traditionalists may prefer a more direct steering feel.

7 Genesis GV60

$379 per month for 32 months with $3,999 due at signing and 5.49% APR for up to 60 months

The Genesis GV60 offers a compelling choice in the electric crossover segment, combining athleticism and elegance in a coupe-style design. Its distinctive features include a voluminous hood, signature two-line design, and unique crest grille, conveying both athleticism and sophistication. Inside, the spacious and futuristic interior integrates cutting-edge technology like a crystal sphere selector for the Shift By Wire feature, along with advanced features such as facial recognition and next-gen infotainment.

Performance Specifications

(Data was collected from Genesis)

The lease deal starts at $379 per month for 32 months with $3,999 due at signing and a competitive 5.49% APR for up to 60 months, making luxury electric driving accessible. Despite being underrated, the GV60 offers premium features like sound emulators, fast-charging capabilities, and premium driver-assistance features, along with a range of up to 246 miles and ample cargo space. In sum, the Genesis GV60 lease deal presents an excellent opportunity for drivers to enjoy luxury electric driving affordably.

Pros

• From its spacious and futuristic interior with a crystal sphere selector to its advanced driver-assistance technologies and sound emulators, the GV60 provides a premium driving experience at an affordable price point.
• Despite its high-end features, the GV60’s lease terms make it accessible to a wider range of drivers who are looking to enter the electric vehicle market.
• The Genesis GV60 offers practicality alongside luxury, with a range of up to 246 miles and spacious cargo capacity.

Cons

• Despite its impressive features and competitive pricing, the Genesis GV60 remains underrated in the electric vehicle market. The lack of recognition may deter some potential lessees who prioritize brand recognition or popularity.
• The GV60’s limited availability in certain regions may restrict access to the lease deal for some drivers.
• As an electric vehicle, the GV60’s resale value may be subject to market fluctuations and technological advancements in the electric vehicle segment.

6 Audi Q4 e-tron

$1,500 Costco Auto Incentive and 0.99% APR for up to 48 months

The Audi Q4 e-Tron presents an attractive lease deal, especially with the current Costco Auto Incentive of $1,500 and a low 0.99% APR for up to 48 months. Priced competitively at $49,800, the Q4 e-Tron offers remarkable value in the luxury EV segment, combining impressive performance with practicality.

With its range of up to 250 miles on a single charge, the Q4 e-Tron delivers on the promise of electric mobility without compromising on power or convenience. Additionally, Audi’s commitment to comfort is evident in the Q4 e-Tron’s luxurious and spacious cabin, equipped with the latest technology to enhance the driving experience.

Audi Q4 e-tron Performance Specifications

(Data was collected from Audi)

The Audi Q4 e-Tron doesn’t sacrifice power for efficiency. With the upgraded Q4 e-Tron 50 models boasting a combined output of 295 horsepower, drivers can enjoy swift acceleration and dynamic handling comparable to gasoline cars. Audi’s sensible suspension setup ensures a smooth and controlled ride, even on uneven roads.

Overall, the Audi Q4 e-Tron lease deal, coupled with the Costco Auto Incentive and low APR, makes it an attractive option for those seeking a luxury electric vehicle that offers both performance and practicality at a competitive price point.

Pros

• The Costco lease deal incentive could help lessees into a premium electric vehicle at a more affordable monthly rate
• Swift acceleration and dynamic handling are comparable to gasoline-powered vehicles, offering a thrilling driving experience without compromising on efficiency.
• Audi prioritizes comfort in the Q4 e-Tron, evident in its luxurious and spacious cabin.

Cons

• While the Q4 e-Tron offers a competitive range of up to 250 miles on a single charge, some electric vehicles in its class provide longer ranges.
• Despite its spacious interior, the second-row seating in the Q4 e-Tron can feel somewhat tight, especially for taller passengers.
• Although the lease deal offers more competitive pricing, the initial cost of leasing the Audi Q4 e-Tron, particularly when factoring in the Costco Auto Incentive and APR, may still be relatively high for some consumers.

5 Nissan Ariya

$189 per month for 18 months with $4,599 due at signing for the ENGAGE trim with a 63 kWh battery, or 0% APR financing for 72 months

The Nissan Ariya lease deal for the ENGAGE trim, offering a monthly payment of $189 for 18 months with $4,599 due at signing, or 0% APR financing for 72 months, is a compelling offer for several reasons. Firstly, the Ariya represents Nissan’s foray into the electric SUV market, combining the brand’s expertise in electric vehicles with a fresh design and modern features. With its compact yet spacious design, the Ariya offers versatility and customization, making it suitable for a wide range of drivers and lifestyles.

Performance Specifications

(Data was collected from xxx)

Secondly, the lease deal provides excellent value for money, offering an affordable monthly payment and low initial signing costs. This makes the Ariya accessible to a broader audience, including those who may be hesitant to commit to a long-term financial arrangement. Then, the option for 0% APR financing for 72 months further enhances the affordability of ownership, allowing customers to spread out the cost of the vehicle over an extended period without accruing interest charges.

Pros

• The Nissan Ariya features a sleek and futuristic design that sets it apart from traditional SUVs.
• With up to 389 horsepower and a range of up to 304 miles on a single charge, the Nissan Ariya delivers impressive performance and range for an electric SUV.
• The interior of the Nissan Ariya is spacious and loaded with features, including two main screens for the instrument cluster and infotainment system, comfortable zero-gravity seats, and ample cargo space.

Cons

• While the Nissan Ariya offers a balanced package of features and performance, its starting price may be higher compared to some of its rivals.
• While the Ariya offers multiple all-wheel-drive configurations, including the AWD Engage version with 335 horsepower, the availability of these configurations may vary depending on trim levels and options.

4 Ford Mustang Mach-E

Lease cash incentives of $7,500 in some regions

The Ford Mustang Mach-E is a standout in the electric SUV market, blending the sleek profile of the iconic Mustang with SUV practicality, turning heads with its striking appearance. Offering multiple powertrain options, including rear-wheel drive and all-wheel drive, it boasts impressive EV performance with over 300 miles of range. Inside, the spacious cabin is tech-forward, featuring SYNC 4A’s large touchscreen display and the FordPass App for remote vehicle interaction.

Performance Specifications

(Data was collected from Ford)

Lease deals benefit from substantial incentives of up to $7,500 in some regions, reducing monthly payments and enhancing affordability, complemented by federal tax credits of up to $3,750. With its stunning design, impressive performance, and attractive lease incentives, the Ford Mustang Mach-E is a compelling choice for those seeking an electric SUV.

Pros

• The Ford Mustang Mach-E boasts an advanced electric powertrain that delivers impressive performance, including instant acceleration and smooth, quiet rides.
• With its spacious interior and tech-forward features like the SYNC 4A infotainment system and FordPass App connectivity, the Mach-E offers a comfortable and convenient driving experience.
• The Mach-E’s sleek design, inspired by the iconic Mustang, combines with ample cargo space, including a front trunk, making it both stylish and practical for everyday use and weekend adventures.

Cons

• Despite its impressive range for an electric vehicle, some may find the Mach-E’s driving range limiting, especially for long-distance travel or daily commuting with no access to charging stations.
• Depending on the availability of charging infrastructure in your area, leasing the Mach-E could pose challenges, particularly for those without easy access to charging stations at home or work.
• While electric vehicles generally have higher resale values, the rapid pace of technological advancements in the EV market could lead to depreciation concerns for lessees when newer models are released.

3 Subaru Solterra

$329 per month for 36 months with no money down

The Subaru Solterra presents an enticing option for those seeking an electric SUV lease deal, especially with its lease offer of $329 per month for 36 months with no money down. This deal becomes even more appealing considering the excellent features of the Solterra. As a fully electric vehicle, the Solterra boasts zero emissions and comes standard with all-wheel drive, making it suitable for various terrains and weather conditions. With an impressive 8.3 inches of ground clearance and the innovative X-MODE, drivers can confidently navigate challenging landscapes, ensuring stability and control whether driving on dirt, snow, or mud.

Performance Specifications

(Data was collected from Subaru)

The Solterra is equipped with advanced driver-assist functions, including Subaru’s EyeSight Driver Assist Technologies, providing enhanced safety and peace of mind on the road. Its StarDrive system offers three driving modes, allowing drivers to tailor their driving experience to their preferences and optimize performance for varying conditions.

With a range of 228 miles per charge, ample cargo space, and a tech-savvy cockpit featuring a 12.3-inch touchscreen and support for Android Auto and Apple CarPlay, the Solterra offers a compelling package. Combined with the attractive lease deal, Subaru’s first foray into EV’s emerges as a top contender in the market.

Pros

• With a lease deal of $329 per month for 36 months with no money down, the Subaru Solterra offers an attractive option for those looking for a budget-friendly electric SUV lease.
• The Solterra’s electric powertrain provides a sustainable driving experience with zero emissions, while its all-wheel-drive capability ensures stability and traction in various road conditions, making it suitable for both urban and off-road adventures.
• Equipped with Subaru’s EyeSight Driver Assist Technologies, the Solterra offers advanced safety features such as pre-collision systems, lane assist, and dynamic radar cruise control, enhancing driver confidence and peace of mind during the lease period.

Cons

• Although the Solterra offers a range of 228 miles per charge, some drivers may find this limiting for longer journeys, especially compared to other electric vehicles with longer ranges available on the market.
• Potential buyers may find the frontal design too funky for their tastes.
• Some may find it too similar to the Toyota bZ4X.

2 Kia EV9

$499 per month following an $80 price cut, with $7,500 in customer cash and $1,000 EV9 loyalty discount

Leasing the Kia EV9 offers a prime opportunity for those in search of an electric SUV that combines space, performance, and affordability. Starting at $499 per month after an $80 reduction, coupled with $7,500 in Customer Cash and a $1,000 EV9 loyalty discount, the deal is even more enticing. As the first affordable electric SUV in its class, the EV9 sets itself apart with unmatched spaciousness and capability, thanks to Kia’s innovative E-GMP modular EV architecture.

Performance Specifications

(Data was collected from Kia)

Boasting a choice of two battery capacities and drivetrain options, it achieves a range of 230 to 304 miles and a towing capacity of up to 5,000 pounds. Despite its size, the EV9 prioritizes comfort and ease of operation, making it an ideal family SUV. With its spacious interior, competitive towing ratings, and surging demand, the Kia EV9 has the potential to revolutionize the electric SUV market, offering an unbeatable combination of affordability, space, and performance.

Pros

• The Kia EV9 offers practical third-row seating, making it suitable for families or those needing extra passenger capacity.
• With lease prices starting at $499 per month and various discounts available, the Kia EV9 offers competitive pricing in the electric SUV market.
• Whether hauling passengers or cargo, the EV9 delivers practicality and comfort in equal measure.

Cons

• The base model of the Kia EV9 comes with a smaller battery capacity, potentially limiting its range compared to higher trim levels.
• Similarly, the base model of the EV9 may offer lower performance compared to higher trim levels with larger batteries and dual-motor configurations.
• While the EV9 boasts a towing capacity of up to 5,000 pounds, optimal towing performance may require upgrading to the dual-motor model.

1 Hyundai Kona Electric

$164 per month for 24 months with $2,004 due at signing

The Hyundai Kona Electric shines as a standout option in the electric SUV market, with an attractive lease deal priced at just $164 per month for 24 months with $2,004 due at signing. This offer provides exceptional value for eco-conscious drivers, making electric mobility accessible without breaking the bank. With its bold exterior design and range of vibrant colors, the Kona Electric merges futuristic elements with practicality, appealing to a wide range of lifestyles.

Performance Specifications

(Data was collected from Hyundai)

Its impressive range of up to 260 miles and rapid-charging capabilities ensure convenience and peace of mind for everyday driving, with a 10-80% charge achievable in just 41 minutes. Inside, the spacious and tech-loaded cabin, featuring wireless Apple CarPlay and Android Auto, enhances the driving experience. Overall, the Hyundai Kona Electric lease deal stands out as a top choice in the electric SUV segment, offering affordability, style, and practicality.

Pros

• With a lease starting at $164 per month for 24 months and $2,004 due at signing, the Hyundai Kona Electric offers one of the most attractive lease deals in the electric SUV market, making it accessible to a wider range of drivers.
• The 2024 Hyundai Kona Electric features a bold new exterior design that seamlessly blends futuristic elements with practicality.
• The Kona Electric offers a spacious and comfortable cabin, with ample room for passengers and cargo.

Cons

• While the Hyundai Kona Electric offers respectable performance for everyday driving, its power output may not match that of some other electric vehicles on the market, especially in an era where models boast 1000+ horsepower.
• Although the Kona Electric offers a range of up to 260 miles, it depends largely on the battery capacity of the selected model, so it may not be sufficient for drivers with longer commutes or those who frequently travel long distances.
• While the Kona Electric features rapid-charging capabilities that allow for a 10-80% charge in just 41 minutes, some drivers may find this charging time to be less convenient compared to vehicles with faster charging speeds.