Best New Car Lease Deals: June 2024
Latest New Car Chip Shortage Updates
Best New Car Deals: June 2024
Cheapest Car Lease Deals: June 2024
Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.
We rounded up the best electric car leases in June, plus plug-in hybrid rebates and hybrid car deals worth knowing about. Despite having high prices on paper, manufacturer incentives can often make EV lease prices substantially more affordable than traditional gas vehicles.
Unfortunately, stricter sourcing requirements for the new year have cut into the savings potential of several models, but there are still deals to be had. Here’s our roundup of the best EV lease deals and purchase offers in June. We update this page monthly, so check back for the latest deals.
The Fourth of July is right around the corner, which means now can be a great day to save on an EV if you know where to look. We compiled a list of this year’s best July 4th deals so you can maximize your savings.
Updated on June 6th at 12:05 pm
The Nissan LEAF is one of the more affordable EVs on the market before incentives, but Colorado residents can get an especially crazy deal this month. Nissan is currently advertising the 2024 LEAF S 40 kWh in Colorado for just $109 per month over 36 months with $2,389 due at signing. The $5,000 Colorado Innovative Motor Vehicle Credit is being stacked with an additional $1,000 in bonus cash, which contributes to the ultra-low payment.
Even if you’re not in Colorado, you can still find LEAF lease payments as low as $179 per month with $4,299 due at signing in other parts of the country (this example is from New York City). Whichever region you reside in, these LEAF offers expire on July 8th.
Although the 2023 bZ4x inventory is practically nonexistent, you can still get a killer deal on the 2024 model. You can now lease a 2024 bZ4X XLE for just $189 per month over 36 months with $2,999 due at signing. Although it’s not quite as strong as the final deal we saw on the 2023 bZ4X, the new deal still works out to a $272 effective monthly cost. You could do a lot worse on a $45,964 vehicle. This offer expires on July 1st and is advertised in Los Angeles.
Unfortunately, the 2023 Lexus RZ is practically sold out. The good news is that Colorado residents can still get a $199-per-month lease deal, albeit not with $0 due at signing as we had seen with the 2023. Lexus is currently offering the 2024 RZ 300e Premium FWD for $199 per month over 27 months with $2,999 due at signing, for an effective monthly cost of $310. That’s a pretty crazy deal for a $51,450 vehicle.
Lexus is able to offer such a low payment because they’re factoring an absurd $20,350 in lease cash into the payment. This offer is good until July 1st.
While the zero-down leases appear to be a thing of the past, now is still a great time to lease an IONIQ 6. The flagship electric sedan is being offered for $289 per month for 24 months with only $1,999 due at signing. We saw due at signing amounts as low as $350 in recent months, but the current deal’s $372 effective monthly cost is a fantastic value relative to the IONIQ 6’s $46,400 MSRP.
The deal only extends to the RWD SE RWD model, but this deal is so good that it’s worth a look even if you were considering leasing a higher trim. This offer ends July 8th and is being advertised in Los Angeles.
Like the IONIQ 6, the Hyundai IONIQ 5 saw a small price cut in June but is still a great value. The mid-level RWD SEL RWD model is being offered for just $229 a month for 24 months with $3,499 due at signing. The $375 effective monthly cost is a fantastic deal relative to the IONIQ 5’s $48,775 MSRP.
If you’re looking to buy, Hyundai is offering the 2024 IONIQ 5 with 0% APR for up to 60 months with $7,500 in retail bonus cash included. Both offers end July 1st and are being advertised in Los Angeles.
The Hyundai Kona EV saw a $40 hike to its monthly payment in June, but the subcompact EV still makes for a great lease value. Hyundai is offering the Kona Electric for just $209 a month over 24 months with $1,999 due at signing. The effective monthly cost works out to just $292, making it one of the cheapest deals we track right now.
This Kona Electric deal is for the Los Angeles region and is good through July 1st.
The 2024 Kia EV9 continues to be a great value in June. All versions of the 3-row electric SUV now continue to offer $7,500 in Customer Cash. Kia isn’t currently offering the $1,000 EV9 loyalty discount that we had seen previously, but this is still a good deal on such a new model.
Kia also started offering 0% financing for up to 48 months on the EV9, which unfortunately isn’t stackable with the customer cash. EV9 Long Range trims are capable of up to 304 miles of range and leases now start at $419 a month following an $80 price cut. Offers end July 8th.
The 2023 Subaru Solterra consistently ranked among the best EVs to lease, but it sold out last month. Luckily, the 2024 model now has an even better deal. You can lease a 2024 Solterra Premium for $329 a month over 36 months with $329. The $338 effective monthly cost makes this a very compelling introductory offer.
The Subaru Solterra is rated at up to 228 miles of range. If you don’t need all-wheel drive, you may want to consider the Toyota bZ4X. Alternatively, both EVs are eligible for 0% financing for 72 months. We think these could be virtually unbeatable deals if you’re looking for long-term ownership of your next EV. All Solterra deals are good through July 1st and are available nationally.
Ford began offering 0% financing for 72 months on the heels of price cuts worth up to $8,100. This is essentially the best deal we’ve seen to date if you’re looking to buy rather than lease.
The Mach-E is capable of up to 312 miles of range depending on the configuration. Shoppers should be aware that early-production-run 2023 Mustang Mach-Es feature more standard equipment than newer ones. As a result, it could be a better deal to choose an older Mach-E if you can find one new. Ford did just cut prices on the 2024 model as well, but it’s not being offered with any promotional financing or lease deals thus far.
The Mach-E financing offer expires July 8th, but the additional $3,000 bonus cash on the CA Route 1 model is good through July 8th. Based on our analysis, this is a national incentive. In coastal states like California, Ford is also offering $8,500 in lease cash. Elsewhere, expect to find a $7,500 incentive when leasing.
You can now lease an EV6 Light Long Range RWD from $229 per month for 24 months with $3,999 due at signing. The model is capable of up to 310 miles of range and has a fuel economy rating of 117 MPGe.
If you’d prefer all-wheel drive, you can lease the Light Long Range AWD for just $50 more per month.
The 2024 Kia EV6 also has an unusually good financing deal after a big price cut last month. You can now get zero-interest financing for up to 5 years on any version of the all-electric EV6. The model isn’t eligible for a federal tax credit, though a loophole enables lessees to get $7,500 in lease cash from Kia.
The offer ends on July 8th. Lease prices can vary by region, with a $319-per-month payment in places outside of California, Colorado, Oregon, and Washington state.
The 2024 Nissan Ariya has ultra-affordable leases in some parts of the country. In Denver, the all-electric SUV is listed at just $219 for 36 months with $4,029 due at signing for the ENGAGE trim with a 63 kWh battery. The Ariya is capable of up to 216 miles with a fuel economy rating of 101 MPGe depending on the trim.
Through July 8th, Nissan is also continuing to offer 0% APR financing for 72 months on all 2023 Ariya models. That’s the best financing deal to date. 2024 models feature rates as low as 3.9% for 36 months. Note that Nissan Ariyas aren’t eligible for the federal tax credit. Curiously, that creates a disadvantage compared to the Nissan LEAF, which qualifies for a $3,750 tax credit.
Although it might not receive the same level of fanfare as the brand’s larger EVs, Kia is now offering a rather compelling offer on their entry-level Niro EV. You can now lease a 2024 Niro Wind EV for just $199 per month with $3,999 due at signing. The effective monthly cost works out to a competitive $310, which is a great value relative to the Niro EV’s $40,925 MSRP.
This offer is available in Georgia, Kansas, Oregon, Maryland, North Carolina, Nevada, Texas, and Washington and is good through July 8th.
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The 2024 Jeep Wrangler 4xe has some killer discounts in most parts of the country. In the Northeast, you’ll find up to $15,500 in lease cash. As a result, the Wrangler 4xe Sahara can be leased for just $369 for 36 months with $4,779 due at signing. The resulting $503 effective monthly cost is hard to beat at a $59,760 MSRP.
The 4xe has a range of 27 miles on EV power and is rated at 49 MPGe, and is more powerful than the standard gas Wrangler. This offer is available until July 1st.
Now through July 1st, Mazda is offering the CX-90 PHEV with a lease loyalty bonus worth $2,500. Eligible lessees need to currently be in a lease through Mazda Financial Services. This program is only good on leases, but can be combined with up to two other MFS programs.
You can currently lease a 2024 CX-90 Preferred AWD for $394 per month over 24 months with $3,999 due at signing. The $561 effective cost is a solid deal relative to the CX-90’s $51,400 MSRP, and looks especially good when compared with the gas-only model.
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We found 117 EV leases in June 2024. The cheapest electric car lease is the 2024 Nissan LEAF in the Denver Area
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We found 39 plug-in hybrid lease deals. The cheapest plug-in hybrid lease is the Dodge Hornet R/T in California.
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We found 67 hybrid car leases. The cheapest hybrid to lease is the 2024 Toyota Corolla Hybrid in the Southeast US.
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Sean Kaufman, Automotive Editor
Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.
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