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2024 VinFast VF 8 rear three-quarter view
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2024 VinFast VF 8 Lease Price Cut To $389/mo

EV startup VinFast cut prices on the 2024 VF 8 for the month of May. The electric crossover now features a payment of just $389 per month, which our records show is the most affordable VF 8 lease we've seen in a while. Here's what you need to know about the latest VinFast VF 8 lease price cut.

VinFast cut VF 8 lease pricing this month by shaving $40 off of both the monthly payment and the amount due at signing. You can now lease a 2024 VF 8 Eco for just $389 per month over 36 months with $1,084 due at signing. While it's not the cheapest lease in the nation, as had been the case with the 2023 model, the effective monthly cost works out to $419, which is a strong deal relative to the VF 8's $47,200 MSRP.

2024 VinFast VF 8 side profile

The VF 8 currently undercuts its chief rival, the Tesla Model Y. The most affordable Model Y lease right now is $399 per month over 36 months with $4,093 due at signing for a $513 effective monthly cost. The VF 8 is $94 cheaper to lease per month than the Tesla despite being over $2,700 more expensive, which sounds like a pretty compelling value proposition. Keep in mind though, that the Model Y Long Range RWD is rated at 320 miles of driving range compared to 264 for the VF 8 Eco.

The VF 8 deal looks less favorable compared to that of the Hyundai IONIQ 5, though. Even after a $20 price hike over the last month, you can lease a 2024 IONIQ 5 SEL RWD for just $229 per month over 24 months with $3,499 due at signing. The effective monthly cost works out to just $375, which is a great deal compared to the IONIQ 5's $48,775. This is a shorter lease term than the other offers at 24 months, but it features a 12,000-mile annual mileage allowance compared to 10,000 for the VinFast and Tesla, which is good for lessees with long commutes. Speaking of which, the IONQ 5 SEL RWD outclasses the VF 8 with 303 miles of estimated driving range.

Both the VinFast and Tesla deals are available nationally, while the Hyundai deal is being advertised in the Los Angeles area. Be sure to contact your dealer for details.

Pictured: 2024 VinFast VF 8

Sources: VinFast, Hyundai, Tesla

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      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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