Best Electric Car Lease Deals — November 2026
Quick answer
As of Nov 4, 2026, the cheapest electric-car lease specials by true monthly cost are: 1) 2027 Subaru Solterra Premium — $455/mo for 36 months with $2,555 due at signing ($526/mo effective); 2) 2026 Nissan Leaf SV+ — $459/mo for 48 months with $3,989 due at signing ($542/mo effective); 3) 2026 Hyundai Ioniq 5 SE — $349/mo for 24 months with $4,999 due at signing ($557/mo effective). Effective cost spreads the due-at-signing amount across the term, so a low advertised payment with a big down payment can't hide at the top.
By the CarWhere Research Team · 44 current manufacturer EV lease programs · Data as of Nov 4, 2026
Every current EV lease special, ranked
Ranked by effective monthly cost: (due at signing + monthly × term) ÷ term. Money factor and residual are shown where the manufacturer publishes them. One row per vehicle — its cheapest current program.
| # | Vehicle | Term | Monthly | Due at signing | Effective /mo | Money factor (APR) | Residual | Miles/yr | Ends |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2027 Subaru Solterra PremiumMSRP $39,970 | 36 mo | $455 | $2,555 | $526 | 0.00032 (0.77%) | 50% | 10,000 | Nov 29, 2026 |
| 2 | 2026 Nissan Leaf SV+MSRP $36,405 | 48 mo | $459 | $3,989 | $542 | 0.00227 (5.45%) | 44% | 10,000 | Nov 30, 2026 |
| 3 | 2026 Hyundai Ioniq 5 SEMSRP $39,150 | 24 mo | $349 | $4,999 | $557 | 0.00221 (5.30%) | 57% | 12,000 | Nov 30, 2026 |
| 4 | 2027 Subaru Trailseeker PremiumMSRP $41,490 | 36 mo | $485 | $2,630 | $558 | 0.00070 (1.68%) | 53% | 10,000 | Nov 29, 2026 |
| 5 | 2026 Hyundai Ioniq 9 SEMSRP $64,415 | 36 mo | $449 | $4,999 | $588 | 0.00161 (3.86%) | 52% | 10,000 | Nov 30, 2026 |
| 6 | 2026 Toyota Bz XLEMSRP $42,309 | 39 mo | $489 | $3,999 | $592 | 0.00001 (0.02%) | 42% | 12,000 | Nov 30, 2026 |
| 7 | 2026 Hyundai Ioniq 5 SELMSRP $41,450 | 24 mo | $389 | $4,999 | $597 | 0.00223 (5.35%) | 57% | 12,000 | Nov 30, 2026 |
| 8 | 2027 Toyota Bz XLEMSRP $40,643 | 39 mo | $499 | $3,999 | $602 | 0.00001 (0.02%) | 41% | 12,000 | Nov 30, 2026 |
| 9 | 2026 Lexus ES 500e PremiumMSRP $53,764 | 42 mo | $549 | $3,999 | $644 | 0.00140 (3.36%) | 52% | 10,000 | Nov 30, 2026 |
| 10 | 2026 Toyota Bz Woodland WoodlandMSRP $47,149 | 39 mo | $569 | $3,999 | $672 | 0.00001 (0.02%) | 41% | 12,000 | Nov 30, 2026 |
| 11 | 2026 BMW I4 eDrive40MSRP $60,700 | 36 mo | $549 | $4,849 | $684 | 0.00095 (2.28%) | 55% | 10,000 | Nov 30, 2026 |
| 12 | 2026 Hyundai Ioniq 5 XRTMSRP $47,925 | 24 mo | $479 | $4,999 | $687 | 0.00224 (5.38%) | 61% | 12,000 | Nov 30, 2026 |
| 13 | 2027 Cadillac OPTIQ LuxuryMSRP $52,515 | 24 mo | $499 | $4,989 | $707 | — | — | 10,000 | Jan 4, 2027 |
| 14 | 2027 Toyota Bz Woodland WoodlandMSRP $47,140 | 39 mo | $619 | $3,999 | $722 | 0.00001 (0.02%) | 41% | 12,000 | Nov 30, 2026 |
| 15 | 2026 BMW I4 xDrive40MSRP $65,100 | 36 mo | $579 | $5,209 | $724 | 0.00095 (2.28%) | 56% | 10,000 | Nov 30, 2026 |
| 16 | 2026 Toyota Bz LimitedMSRP $49,093 | 36 mo | $619 | $3,999 | $730 | 0.00001 (0.02%) | 43% | 10,000 | Nov 30, 2026 |
| 17 | 2026 Hyundai Ioniq 5 LimitedMSRP $50,625 | 24 mo | $529 | $4,999 | $737 | 0.00219 (5.26%) | 60% | 12,000 | Nov 30, 2026 |
| 18 | 2026 Lexus RZ 350eMSRP $47,739 | 36 mo | $599 | $4,999 | $738 | 0.00270 (6.48%) | 50% | 10,000 | Nov 30, 2026 |
| 19 | 2027 MINI Countryman SEMSRP $47,200 | 36 mo | $599 | $5,488 | $751 | 0.00239 (5.74%) | 52% | 7,500 | Nov 30, 2026 |
| 20 | 2026 Lexus RZ 450e PremiumMSRP $54,589 | 36 mo | $709 | $4,999 | $848 | 0.00270 (6.48%) | 50% | 10,000 | Nov 30, 2026 |
| 21 | 2027 Genesis GV60 RWDMSRP $47,795 | 33 mo | $669 | $5,999 | $851 | 0.00252 (6.05%) | 56% | 10,000 | Nov 30, 2026 |
| 22 | 2026 Hyundai Ioniq 9 Calligraphy DesignMSRP $78,140 | 36 mo | $729 | $4,999 | $868 | 0.00196 (4.70%) | 51% | 10,000 | Nov 30, 2026 |
| 23 | 2027 Cadillac LYRIQ LuxuryMSRP $64,695 | 24 mo | $669 | $4,989 | $877 | — | — | 10,000 | Jan 4, 2027 |
| 24 | 2027 BMW I5 eDrive40iMSRP $72,250 | 36 mo | $749 | $6,969 | $943 | 0.00161 (3.86%) | 53% | 10,000 | Nov 30, 2026 |
| 25 | 2027 Genesis GV70 ElectrifiedMSRP $60,045 | 33 mo | $779 | $5,999 | $961 | 0.00169 (4.06%) | 58% | 10,000 | Nov 30, 2026 |
| 26 | 2027 BMW I5 40iMSRP $77,200 | 36 mo | $779 | $7,929 | $999 | 0.00149 (3.58%) | 53% | 10,000 | Nov 30, 2026 |
| 27 | 2026 Mercedes-Benz EQE 320+MSRP $66,300 | 36 mo | $859 | $6,333 | $1,035 | 0.00001 (0.02%) | 45% | 10,000 | Nov 30, 2026 |
| 28 | 2026 Mercedes-Benz Eqe Suv 320+MSRP $66,300 | 36 mo | $859 | $6,333 | $1,035 | — | 46% | 10,000 | Nov 30, 2026 |
| 29 | 2026 Mercedes-Benz Eqe Suv 320MSRP $68,800 | 36 mo | $899 | $6,513 | $1,080 | 0.00023 (0.55%) | 46% | 10,000 | Nov 30, 2026 |
| 30 | 2026 Mercedes-Benz EQE 320 4MaticMSRP $68,800 | 36 mo | $899 | $6,573 | $1,082 | 0.00080 (1.92%) | 49% | 10,000 | Nov 30, 2026 |
| 31 | 2026 GMC Sierra EV ElevationMSRP $64,995 | 24 mo | $599 | $11,639 | $1,084 | — | — | 10,000 | Nov 30, 2026 |
| 32 | 2026 BMW I5 M60MSRP $87,200 | 36 mo | $929 | $7,099 | $1,126 | 0.00135 (3.24%) | 53% | 10,000 | Nov 30, 2026 |
| 33 | 2027 Cadillac VISTIQ LuxuryMSRP $79,495 | 24 mo | $889 | $7,369 | $1,196 | — | — | 10,000 | Jan 4, 2027 |
| 34 | 2027 Mercedes-Benz Eqe Suv 320+MSRP $66,400 | 36 mo | $1,069 | $7,004 | $1,264 | 0.00165 (3.96%) | 48% | 10,000 | Nov 30, 2026 |
| 35 | 2027 Mercedes-Benz Eqe Suv 320MSRP $68,900 | 36 mo | $1,129 | $6,658 | $1,314 | 0.00183 (4.39%) | 48% | 10,000 | Nov 30, 2026 |
| 36 | 2026 Mercedes-Benz Eqs Suv 400MSRP $91,300 | 36 mo | $1,219 | $8,513 | $1,455 | 0.00001 (0.02%) | 45% | 10,000 | Nov 30, 2026 |
| 37 | 2026 Mercedes-Benz EQS 450+MSRP $101,250 | 36 mo | $1,219 | $9,333 | $1,478 | 0.00001 (0.02%) | 47% | 10,000 | Nov 30, 2026 |
| 38 | 2026 Mercedes-Benz EQS 450MSRP $104,250 | 36 mo | $1,259 | $9,603 | $1,526 | 0.00001 (0.02%) | 47% | 10,000 | Nov 30, 2026 |
| 39 | 2026 GMC HUMMER EV 2XMSRP $99,895 | 24 mo | $999 | $16,439 | $1,684 | — | — | 10,000 | Nov 30, 2026 |
| 40 | 2026 Mercedes-Benz EQS 580MSRP $125,250 | 36 mo | $1,499 | $11,293 | $1,813 | 0.00001 (0.02%) | 48% | 10,000 | Nov 30, 2026 |
| 41 | 2027 Mercedes-Benz EQS 450+MSRP $103,000 | 36 mo | $1,629 | $9,797 | $1,901 | 0.00179 (4.30%) | 50% | 10,000 | Nov 30, 2026 |
| 42 | 2027 Mercedes-Benz EQS 450MSRP $106,000 | 36 mo | $1,679 | $9,847 | $1,953 | 0.00183 (4.39%) | 50% | 10,000 | Nov 30, 2026 |
| 43 | 2027 Mercedes-Benz Eqs Suv 550MSRP $113,900 | 36 mo | $1,869 | $10,743 | $2,167 | 0.00179 (4.30%) | 48% | 10,000 | Nov 30, 2026 |
| 44 | 2027 Mercedes-Benz EQS 580MSRP $125,450 | 36 mo | $1,959 | $11,727 | $2,285 | 0.00181 (4.34%) | 51% | 10,000 | Nov 30, 2026 |
Manufacturer-advertised programs for the CA, NY region, for well-qualified lessees; taxes, registration, and dealer fees are extra. “—” means the manufacturer didn't publish that figure. Each program ends on the date shown; this page refreshes daily.
How EV leases work
A lease charges you for the car's expected depreciation over the term — the gap between the negotiated price (the capitalized cost) and the residual value — plus a finance charge set by the money factor. The manufacturer's finance arm sets the residual and the program money factor; the dealer sets the selling price. That's why two dealers can quote different payments on the same advertised special.
The residual is fixed when you sign. On a standard closed-end lease, if the car is worth less than the residual at turn-in, you hand it back and you're done; if it's worth more, you can buy it at the residual (our lease buyout calculator checks that against live market prices). That option matters most on cars whose resale values are hard to predict.
Federal tax credit: the IRS states that the New Clean Vehicle Credit “is not available for vehicles acquired after Sept. 30, 2025,” and states the same cutoff for the Qualified Commercial Clean Vehicle Credit (IRS clean vehicle credit · IRS commercial clean vehicle credit, checked November 2, 2026). Today's EV lease specials are priced on manufacturer and dealer support alone — which is what the table above measures.
How to judge an EV lease offer
- Money factor. Multiply it by 2,400 to get the APR equivalent. The lowest among current EV specials is 0.00001 (0.02%) on the 2026 Toyota Bz XLE; the highest is 0.00270 (6.48%) on the 2026 Lexus RZ 450e Premium. Ask for the money factor in writing; anything above the program rate is dealer markup. See current money factors by brand.
- Residual. Higher is better for a lessee — it lowers the depreciation you pay for. Current EV residuals we have range from 41% to 61%; compare like terms, since shorter leases carry higher residuals.
- Effective monthly per $1,000 of MSRP. Divide the effective monthly cost by the MSRP in thousands. It normalizes a $36,000 EV against a $90,000 one. The best current EV special on this measure is the 2026 Hyundai Ioniq 9 SE at $9.13 per $1k of MSRP; the median across the 44 programs that publish an MSRP is $14.87.
- Mileage and term. A cheap payment with a 7,500-mile allowance costs more than it looks if you drive 12,000 miles a year. Price the overage before you sign.
Get written lease quotes from dealers
Our AI agent asks dealers for itemized EV lease quotes in writing — selling price, money factor, residual, and due at signing — and checks them against the program numbers above. You approve every move; your info stays private.
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FAQ
What is the best EV lease deal right now?
By effective monthly cost, the 2027 Subaru Solterra Premium at $455/mo for 36 months with $2,555 due at signing — $526/mo once the signing amount is spread across the term. Next are the 2026 Nissan Leaf SV+ ($542/mo effective) and the 2026 Hyundai Ioniq 5 SE ($557/mo effective). Data as of Nov 4, 2026.
Is there still a federal tax credit on leased EVs?
According to the IRS, the New Clean Vehicle Credit "is not available for vehicles acquired after Sept. 30, 2025," and the Qualified Commercial Clean Vehicle Credit "is not available for vehicles acquired after Sept. 30, 2025" either (irs.gov, checked November 2, 2026). So the lease specials on this page reflect manufacturer and dealer pricing support, not a federal credit.
How do I compare EV lease offers fairly?
Add the due-at-signing amount to the monthly payment times the term, then divide by the term. That effective monthly cost is the single number that makes a low-payment offer with a big down payment comparable to a higher-payment offer with little down. Then check the mileage allowance — current EV specials allow 7,500 to 12,000 miles a year.
What is a good money factor on an EV lease?
The lowest money factor among current EV specials is 0.00001 (0.02% APR equivalent) on the 2026 Toyota Bz XLE. Multiply any quoted money factor by 2,400 to get its APR equivalent; if a dealer quotes higher than the published program rate, the difference is dealer markup and is negotiable.
Why does the residual matter so much on an electric car?
You pay for the depreciation between the price and the residual, so a higher residual means a lower payment. Among current EV specials the residuals we have range up to 61% (2026 Hyundai Ioniq 5 XRT). A low residual means the lender expects steep depreciation — which is exactly the risk a lease hands back to the lender instead of you.
Where does this data come from?
Manufacturer lease programs tracked by CarWhere, as published for the CA, NY region. Offers vary by region and credit tier, exclude taxes and registration, and change monthly; this page regenerates daily. Use them as the benchmark a dealer quote has to meet or beat.