Best EV, Plug-In, and Hybrid Leases & Deals: April 2021

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - April 6, 2021

We’ve uncovered the best EV lease deals in April, plus plug-in rebates and hybrid car deals worth knowing about. Despite not being cheap on paper, plug-ins and other clean-energy cars can often be surprisingly affordable when leased. In some cases, they can even be cheaper than regular internal combustion cars.

0% financing, lease incentives, and EV tax credits can make it a great time to buy. You may even be eligible for additional plug-in rebates. For example, those in California can take advantage of the Clean Vehicle Rebate worth up to $2,000 plus the Clean Fuel Reward worth as much as $1,500 on eligible models.

Update (4/22/21): Due to a funding issue, the CVRP will put new rebate applications on a waitlist effective April 23.

Best EV Leases & Deals

  • Best Deal: Lease from $130/month
  • Due at Signing: $130
  • Mileage: 12,000 miles/year
  • MSRP: $38,245
  • Fuel Economy: 118 MPGe
  • Range: 259 miles

What's Hot: With a $3,000 bonus for Costco members and a loyalty discount for current GM lessees, the 2020 Bolt LT can be leased from $169 with $169 at signing in most parts of the country. In San Francisco, pricing starts from as little as $130 with $130 at signing.

Worth Knowing: Incentives for buying the Bolt are remarkably good, with 0% APR financing for 84 months plus $7,000 in GM Down Payment Assistance. You can even combine the offer with the Costco incentive and local plug-in deals for maximum savings. Customize Offer »

  • Best Deal: Lease from $199/month
  • Due at Signing: $1,999
  • Mileage: 10,000 miles/year
  • MSRP: $38,575
  • Fuel Economy: 120 MPGe
  • Range: 258 miles

What's Hot: A massive price cut has enabled shoppers to lease a Kona Electric SEL for little more than the cost of a standard Kona. With an effective cost of $255/month, the latest offer is substantially cheaper than any we've seen before. It also doesn't include the value of local plug-in incentives.

Worth Knowing: The featured offer is based on offers here in Southern California. However, expect to see great deals elsewhere, too. Note that this excludes both the $2,000 Clean Vehicle Rebate and $1,500 Clean Fuel Reward. Customize Offer »

What's Hot: Incentives for buying the LEAF have surged in April. All styles are now eligible for 0% financing for 72 months plus $6,000 in Special APR Cash. A month ago, the best deal was 0% for 60 months plus $2,000. That change can have a material impact on your costs when purchasing.

Worth Knowing: While leasing can get you access to discounts worth over $10,000, Nissan tends to advertise leases for the less-attractive 40 kWh LEAF. If you're looking for a range of over 200 miles, you're probably going to want to look at one of the pricier 62kWh PLUS models. Customize Offer »

What's Hot: Although there isn't a rebate from Ford, you can actually get as much as a $2,500 discount when you choose Ford Options Plan. That involves balloon financing and can potentially save you a good deal of money compared to leasing.

In addition, a $7,500 tax credit can bring your savings to $10,000. Beyond that, those in California may qualify for a $2,000 Clean Vehicle Rebate and $1,500 Clean Fuel Reward. Altogether, that's $13,500 in offers that are available for the taking.

Worth Knowing: Unlike other new EVs like the VW ID.4, Ford isn't passing the tax credit along to lessees in the form of lease cash. Ford Options Plan may be affordable, but you'll probably want to ensure you're eligible for the full credit. Customize Offer »

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Best Plug-In Hybrid (PHEV) Leases & Deals

Toyota Prius Prime
  • Best Deal: Lease from $199/month
  • Due at Signing: $999
  • Mileage: 12,000 miles/year
  • MSRP: From $30,610
  • Fuel Economy: 105 MPGe
  • Range: 26 mi (EV), 560 mi (EV + Gas)

What's Hot: The Prius Prime can be cheaper to lease than the standard Prius despite a nearly $3,700 difference in MSRP. Better incentives for the Prius Prime LE now result in an effective cost of just $277/month here in Southern California, $10 less than the Prius L ($287).

Worth Knowing: Both of these prices include $1,000 in factory bonus cash. While the Prime remains eligible for a $900 Clean Fuel Reward, a recent change has disqualified the model from the $1,000 Clean Vehicle Rebate. Customize Offer »

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Best Hybrid Leases & Deals

  • Best Deal: Lease from $199 for 36 months
  • Due at Signing: $1,999
  • Mileage: 12,000 miles/year
  • MSRP: From $24,644
  • Fuel Economy: Up to 52 mpg overall

What's Hot: The Corolla Hybrid is just $10/month more to lease than a Corolla, making this one of the best leases on a car. That's a pretty big deal considering the hybrid is $1,700 more expensive on paper. As a result, shoppers may find it easy to justify an upgrade.

Worth Knowing: Toyota has eliminated a $300 complimentary payment incentive in April. Example based on Southern California. Customize Offer »

What's Hot: With an effective cost of $267/month, the latest deal on the Sonata Hybrid is over $50/month cheaper than the lowest advertised price on the Toyota Camry LE Hybrid ($325). As a result, you may be able to get a lot more for your money by opting for a Hyundai instead.

Worth Knowing: Hyundai has taken an unusual step to boost sales by taking away limits on how low dealers can advertise prices. That could enable you to more easily see the best prices near you and increase competition. Example based on Southern California. Customize Offer »

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All EV Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$134 2020 Chevrolet Bolt EV LT with Fast Charge (San Francisco, GM/Non-GM Lessees + Costco Bonus) $130 36 $130 San Francisco, CA Customize Offer
$162 2021 Chevrolet Bolt EV LT with Fast Charge (San Francisco, GM/Non-GM Lessees + Costco Bonus) $158 36 $158 National Customize Offer
$174 2020 Chevrolet Bolt EV LT with Fast Charge (GM/Non-GM Lessees + Costco Bonus) $169 36 $169 National Customize Offer
$202 2021 Chevrolet Bolt EV LT with Fast Charge (GM/Non-GM Lessees + Costco Bonus) $197 36 $197 National Customize Offer
$220 2020 Chevrolet Bolt EV LT with Fast Charge (San Francisco, GM/Non-GM Lessees) $214 36 $214 San Francisco, CA Customize Offer
$230 2020 Hyundai Ioniq Electric Base EV $169 36 $2,199 Southern California Customize Offer
$246 2021 Nissan LEAF S $239 36 $239 Los Angeles, CA Customize Offer
$248 2021 Chevrolet Bolt EV LT with Fast Charge (San Francisco, GM/Non-GM Lessees) $241 36 $241 National Customize Offer
$250 2021 Hyundai Ioniq Electric Base EV $189 36 $2,199 Southern California Customize Offer
$255 2021 Hyundai Kona Electric SEL $199 36 $1,999 Southern California Customize Offer
$260 2020 Chevrolet Bolt EV LT with Fast Charge (GM/Non-GM Lessees) $253 36 $253 National Customize Offer
$286 2021 Chevrolet Bolt EV LT with Fast Charge (GM/Non-GM Lessees) $279 39 $279 National Customize Offer
$296 2020 Kia Niro EV EX EV $199 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$478 2021 Volkswagen ID.4 PRO Electric SUV $379 36 $3,573 California Customize Offer
$683 2021 Audi e-tron Quattro Premium $559 36 $4,453 Los Angeles, CA Customize Offer
$684 2021 Ford Mustang Mach-E Select Standard Range EV (Balloon Finance Estimate) $565 36 $4,290 California Customize Offer
$740 2021 Volvo XC40 Recharge EV $625 36 $4,125 Los Angeles, CA Customize Offer
$866 2020 Jaguar I-PACE S $699 36 $5,995 National Customize Offer

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All Plug-In Hybrid (PHEV) Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$272 2020 Kia Niro Plug-In Hybrid LX PHEV $189 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$277 2021 Toyota Prius Prime LE Plug-In Hybrid (Incl. $1,000 Bonus) $249 36 $999 Southern California Customize Offer
$283 2020 Hyundai Ioniq Plug-In Hybrid SE PHEV $219 36 $2,299 Southern California Customize Offer
$292 2021 Kia Niro Plug-In Hybrid LX PHEV $209 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$297 2021 Honda Clarity Plug-In Hybrid Base $219 36 $2,799 CA, CT, MA, MD, ME, NJ, NY, OR, RI, VT Customize Offer
$313 2021 Hyundai Ioniq Plug-In Hybrid SE PHEV $249 36 $2,299 Southern California Customize Offer
$339 2020 Mitsubishi Outlander PHEV SEL AWD $249 36 $3,248 National Customize Offer
$518 2021 Toyota RAV4 Prime SE AWD (Estimated Payment) $432 36 $3,082 Southern California Customize Offer
$553 2021 Volvo S60 T8 Recharge R-Design $449 36 $3,749 Los Angeles, CA Customize Offer
$590 2021 Audi Q5 55 e Premium PHEV $469 36 $4,363 Los Angeles, CA Customize Offer
$648 2021 Volvo XC60 T8 Recharge Inscription Expression $529 36 $4,279 Los Angeles, CA Customize Offer
$769 2021 Volvo XC90 T8 Recharge Inscription Expression $629 36 $5,029 Los Angeles, CA Customize Offer

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All Hybrid Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$229 2020 Hyundai Ioniq Hybrid Blue $179 36 $1,799 Southern California Customize Offer
$255 2021 Toyota Corolla Hybrid LE Hybrid Sedan $199 36 $1,999 Southern California Customize Offer
$258 2020 Kia Niro LX $189 36 $2,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$260 2021 Hyundai Elantra Hybrid SE Hybrid with Automatic $179 36 $2,899 Southern California Customize Offer
$267 2021 Hyundai Sonata Hybrid Base Hybrid Sedan $189 36 $2,799 Southern California Customize Offer
$282 2021 Kia Niro LX Hybrid $199 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$287 2021 Toyota Prius L Eco Hybrid (Incl. $1,000 Bonus) $259 36 $999 Southern California Customize Offer
$298 2021 Hyundai Ioniq Hybrid Blue $229 36 $2,499 Southern California Customize Offer
$311 2021 Honda Accord Hybrid Base Hybrid Sedan $219 36 $3,299 National Customize Offer
$319 2022 Hyundai Tucson Blue Hybrid $219 36 $3,599 Southern California Customize Offer
$325 2021 Toyota Camry Hybrid LE Hybrid Sedan $269 36 $1,999 Southern California Customize Offer
$351 2021 Honda CR-V Hybrid EX Hybrid $259 36 $3,299 National Customize Offer
$355 2021 Toyota RAV4 Hybrid LE AWD $299 36 $1,999 Southern California Customize Offer
$377 2021 Toyota Venza LE Hybrid (Incl. $1,000 Bonus) $349 36 $999 Southern California Customize Offer
$412 2021 Honda Insight LX Hybrid (Estimated Payment) $401 36 $401 National Customize Offer
$412 2021 Lexus UX UX 250h $329 36 $2,999 CA, CO, NM, OR, WA & More Customize Offer
$415 2021 Toyota Sienna LE FWD Hybrid $359 36 $1,999 Southern California Customize Offer
$416 2021 Kia Sorento Hybrid S 1.6T Hybrid FWD $319 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$442 2021 Lexus ES ES 300h Base Hybrid $339 39 $3,999 CA, CO, NM, OR, WA & More Customize Offer
$445 2021 Toyota Highlander Hybrid LE $389 36 $1,999 Southern California Customize Offer
$462 2021 Lexus NX NX 300h AWD $379 36 $2,999 CA, CO, NM, OR, WA & More Customize Offer
$518 2021 Toyota Mirai XLE Fuel Cell EV Sedan (CA Only) $449 36 $2,499 Southern California Customize Offer
$560 2021 Lexus RX RX 450h Premium $449 36 $3,999 CA, CO, NM, OR, WA & More Customize Offer
$610 2021 Lexus RX RX 450hL Premium $499 36 $3,999 CA, CO, NM, OR, WA & More Customize Offer

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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