Best Green Car Deals in February

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - February 8, 2018

We’ve uncovered cheap leases in February on electric cars, plug-in hybrids, hybrids and other fuel efficient cars starting at just $159/month. Some involve discounts worth up to $16,000.

Plug-in buyers benefit from a number of incentives. In California, the DMV offers single-occupant use of the carpool lane. The Clean Vehicle Rebate also offers up to $4,500 in savings on EVs based on income.

Following months of delays, the CVRP has ended its waitlist and is now processing rebate applications. Be sure to factor the added savings if you’re considering an eligible vehicle.

For the latest Presidents' Day deals, please see our continuously updated coverage.

Updated February 8

Best Electric Car Deals This Month

2017 Kia Soul
  • Best Deal: Lease from $179 for 36 months
  • Due at Signing: $1,999
  • Mileage: 12,000 miles/year
  • MSRP: $33,145
  • Expires: February 28, 2018
  • MPGe (City/Hwy/Comb): 124/93/108
  • Estimated Range: 111 miles

*Other Incentives: $7,500 Federal Tax Credit, $2,500 Clean Vehicle Rebate + HOV lane access in CA

Why it's a top pick: The Soul EV is the cheapest EV lease in February. But there’s a catch. The featured deal is for the EV-e version only found in California and that's particularly tough to find.

With an effective cost of just $235/month, the vehicle is actually $20 cheaper to lease than a regular gas Soul despite a $14,550 difference in MSRP.

For 2018, Kia boasts an increase in range from 80 miles to 111. Although that's less than the 150-mile Nissan LEAF, the Soul EV has the advantage of being $96/month less expensive ($235 vs. $331).

Where you can find this deal: This is a regional offer available in California featuring $15,800 in lease discounts. Certain versions like the EV+ are eligible for up to $16,000 in savings. Get your custom quote»

  • Best Deal: Lease from $229 for 36 months
  • Due at Signing: $3,679
  • Mileage: 12,000 miles/year
  • MSRP: $30,875
  • Expires: March 5, 2018
  • MPGe (City/Hwy/Comb): 125/100/112
  • Estimated Range: 151 miles

*Other Incentives: $7,500 Federal Tax Credit, $2,500 Clean Vehicle Rebate + HOV lane access in CA

Why it's a top pick: It doesn't come cheap, but the LEAF S equates to a pretty good deal considering it's an all-new vehicle. With an effective cost of $331/month, it has a $13 advantage over the 2017 VW e-Golf SE ($344).

Next to the 238-mile Chevy Bolt LT, it has a $62/month advantage in places like California and Oregon ($393), and a whopping $112/month advantage in other parts of the country ($443).

Or, you can purchase your new LEAF and get 0% financing for 72 months. Even better, Nissan is now offering No Payments For 90 Days in combination with the special rate.

Where you can find this deal: We're seeing this deal available in most parts of the country. Get your custom quote »

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Best Plug-in Hybrid Car Deals This Month

Optima plug in hybrid
  • Best Deal: Lease from $249 for 36 months
  • Due at signing: $1,999
  • Mileage: 12,000 miles/year
  • MSRP: From $36,105
  • Expires: February 28, 2018
  • MPGe (Combined): 103
  • Estimated Range: 29 miles (EV), 610 total

*Other Incentives: $4,919 Federal Tax Credit, $1,500 Clean Vehicle Rebate + HOV lane access in CA

Why it's a top pick: With an effective cost of $305/month, the Optima Plug-In Premium is $20 cheaper to lease than the 2017 Prius Two here in Los Angeles despite a $10,330 difference in MSRP.

That’s also $73/month less than the 2017 Hyundai Sonata Plug-In ($378). The Kia benefits from an EV range of 29 miles (vs. 27 in the Hyundai) and total range of 610 miles (vs. 590).

Where you can find this deal: This is a regional offer available in California, Colorado, Delaware, Florida, Illinois, Indianapolis, Maine, Michigan, Minnesota, North Dakota, New England, Ohio, Pennsylvania, Utah, Wisconsin and Wyoming. Get your custom quote »

Chevy Volt
  • Best Deal: Lease from $258 for 39 months
  • Due at signing: $500
  • Mileage: 12,000 miles/year
  • MSRP: From $34,095
  • Expires: February 28, 2018
  • MPGe (Combined): 106
  • Estimated Range: 53 miles (EV), 420 total

*Other Incentives: $7,500 Federal Tax Credit, $1,500 Clean Air Rebate + HOV lane access in CA

Why it's a top pick: The 2018 Volt LT benefits from a $27 improvement in effective monthly lease cost from $298 to just $271 in places like California, Oregon and the Northeast.

Although the underlying lease discount is the same as before ($6,250), the money factor has improved and the residual value has increased 3%. At $271, the car is now up to $26/month cheaper to lease than a 2018 Chevy Cruze LT ($297).

Coming from a non-GM brand lease? You may be eligible for a $500 bonus that turns this into a zero-down lease.

Where you can find this deal: The featured deal can be found in California, Connecticut, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Oregon, Rhode Island and Vermont.

Elsewhere, the featured lease is $259 for 39 months with $3,209 at signing, which equates to an effective cost of $341/month. Get your custom quote »

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Best Hybrid Car Deals This Month

Kia Optima Hybrid
  • Best Deal: $5,000 off MSRP
  • MSRP: $26,860
  • Expires: February 28, 2018
  • MPG (City/Hwy/Comb): 39/46/42

Why it's a top pick: The Optima Hybrid features $5,000 in factory cashback, the most we’ve seen to date. Alternatively, Kia is offering 0.9% financing for up to 66 months plus up to $2,000 bonus cash.

Low APR is nice, but you’d probably come out ahead by taking the cash. On a $26,000 car, a 5-year loan at 3% would cost about $22,640 with the rebate. With the APR deal, the cost would be $23,582.

Where you can find this deal: The $5,000 mentioned above factors in a $1,000 bonus for those in Western states like California. Elsewhere, the amount is $4,000. Get your custom quote »

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Top Diesel Car Deals This Month

  • Best Deal: Up to $4,000 off MSRP
  • MSRP: From $24,695
  • Expires: February 28, 2018
  • MPGe (City/Hwy/Comb): 31/47/37

Why it's a top pick: Although deals on the 2018 Cruze haven't improved a ton after the 2017 model sold out, there's a good amount of savings to be had if you're eligible for every available offer.

Most buyers will be eligible for a $2,500 rebate, but you can get a $1,500 bonus for coming from a non-GM lease. You don't need to trade-in your existing car and the offer can be shared with those in the same household.

However, there's an alternative worth knowing about. Instead of the $2,500 rebate, you have the option of choosing 0% APR for 72 months plus a $1,000 bonus.

In some circumstances, you may save more by taking the 0%. On a $25,000 car, your total cost would be $24,000. With the rebate, it would be $24,257 assuming a 5-year loan at 3%.

Where you can find this deal: This is a national offer. Get your custom quote »

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Best Fuel-Efficient Gas

2018 Hyundai Elantra
  • Best Deal: 0% APR for 72 months + $1,000
  • MSRP: From $18,835
  • Expires: February 28, 2018
  • MPG (City/Hwy/Comb): 32/40/35

Why it's a top pick: The Elantra continues to feature the same deal it did during the holidays. All versions, including the fuel-sipping Eco, are eligible for 0% financing for 72 months plus a $1,000 bonus.

Your alternative is to take a $2,500 rebate, but you may actually save more money in the long run by taking the 0% instead. Here's why.

On a $22,000 car, your cost with the 0% and bonus would be $21,000, with a payment of $291/month. With the rebate it would be $21,023, with a payment of $350/month assuming a 5-year loan at 3%.

Where you can find this deal: This is a national promotion. Get your custom quote »

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See this month's top discounts ranked by segment »

All Green Car Leases Ranked By Effective Cost

Leases for many green cars are often heavily subsidized by manufacturers. As a result, shoppers can often find attractive offers.

If you aren't interested in one of our top picks ranked by value for the money, feel free to browse all leases we track for each type of vehicle, ranked by effective lease cost.

Unless specified otherwise, these offers exclude special incentives like college grad, conquest and loyalty discounts sometimes factored in dealer advertisements.

We’ve listed the effective monthly cost of 74 leases. Browse the following segments in order of price:

All Electric Car Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region More Info
$215 2017 Kia Soul EV EVe (CA only) $159 36 $1,999 California Get Details
$235 2017 Kia Soul EV EV Base $179 36 $1,999 National Get Details
$235 2018 Kia Soul EV EVe (CA only) $179 36 $1,999 California Get Details
$236 2017 FIAT 500e Base (CA, OR) $180 36 $1,999 National Get Details
$244 2018 Ford Focus Electric Base $189 36 $1,989 California Get Details
$255 2017 Kia Soul EV EV+ $199 36 $1,999 National Get Details
$255 2018 Kia Soul EV EV Base $199 36 $1,999 National Get Details
$271 2018 Chevrolet Volt [CA/OR/Northeast] LT $258 39 $500 Select Regions Get Details
$285 2018 Kia Soul EV EV+ $229 36 $1,999 National Get Details
$331 2018 Nissan LEAF S $229 36 $3,679 Los Angeles Get Details
$341 2018 Chevrolet Volt [National] LT $259 39 $3,209 National Get Details
$344 2017 Volkswagen e-Golf SE $279 36 $2,349 Select States Get Details
$344 2017 Hyundai Ioniq Electric Base (CA Only, Unlimited Miles) $275 36 $2,500 Los Angeles Get Details
$374 2017 Hyundai Ioniq Electric Limited (CA Only, Unlimited Miles) $305 36 $2,500 Los Angeles Get Details
$393 2017 Chevrolet Bolt EV LT [CA/OR/Northeast] $393 36 $0 Select Regions Get Details
$406 2017 BMW i3 Base 94 ah $289 36 $4,214 California Get Details
$413 2017 Mercedes-Benz B-Class B250e Hatchback $299 36 $4,093 National Get Details
$423 2018 Chevrolet Bolt EV LT [CA/OR/Northeast] $409 36 $500 National Get Details
$434 2017 Hyundai Ioniq Electric Limited Ultimate (CA Only, Unlimited Miles) $365 36 $2,500 Los Angeles Get Details
$437 2018 BMW i3 Base i3 $319 36 $4,244 California Get Details
$443 2017 Chevrolet Bolt EV LT [National] $359 36 $3,019 National Get Details
$447 2017 BMW i3 Base w/Range Extender $329 36 $4,254 California Get Details
$464 2017 Volkswagen e-Golf SEL $399 36 $2,349 Select States Get Details
$474 2018 Chevrolet Bolt EV LT [National] $379 36 $3,419 National Get Details
$478 2018 BMW i3 Base i3 w/Range Extender $359 36 $4,284 California Get Details
$478 2018 BMW i3 Base i3s $359 36 $4,284 California Get Details
$519 2018 BMW i3 Base i3s w/Range Extender $399 36 $4,324 California Get Details


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All Plug-in Hybrid Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region More Info
$285 2017 Ford Fusion Energi SE Luxury 800A $209 36 $2,739 California Get Details
$305 2017 Kia Optima Plug-In Hybrid Premium $249 36 $1,999 California Get Details
$325 2018 Hyundai Ioniq Plug-In Hybrid Base $269 36 $1,999 Los Angeles Get Details
$336 2017 Hyundai Sonata Plug-In Hybrid Base (Conquest) $289 36 $1,699 Los Angeles Get Details
$345 2018 Kia Optima Plug-In Hybrid Premium $289 36 $1,999 California Get Details
$378 2017 Hyundai Sonata Plug-In Hybrid Base $289 36 $3,199 Los Angeles Get Details
$403 2018 Mitsubishi Outlander PHEV $289 36 $4,088 National Get Details
$405 2017 Toyota Prius Prime Plus $349 36 $1,999 Southern California Get Details
$432 2018 Honda Clarity Plug-In Hybrid Base (CA, CT, MA, MD, ME, NJ, NY, OR, RI, VT) $349 36 $2,999 Select States Get Details
$470 2018 Audi A3 e-tron 1.4T Plug-In w/Roof Rails $379 36 $3,273 Los Angeles Get Details
$500 2018 Honda Clarity Plug-In Hybrid Touring (CA, CT, MA, MD, ME, NJ, NY, OR, RI, VT) $389 36 $3,999 Select States Get Details
$671 2018 Volvo S90 T8 Momentum AWD $579 39 $3,579 Los Angeles Get Details
$688 2018 Volvo XC60 T8 Momentum AWD $585 39 $4,035 Los Angeles Get Details
$718 2018 Volvo S90 T8 Inscription AWD $625 39 $3,625 Los Angeles Get Details
$734 2018 Volvo XC60 T8 Inscription AWD $629 39 $4,079 Los Angeles Get Details
$767 2018 Volvo XC90 T8 Momentum AWD $645 39 $4,745 Los Angeles Get Details
$904 2018 Volvo XC90 T8 Inscription AWD $779 39 $4,879 Los Angeles Get Details


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All Hybrid Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region More Info
$217 2017 Ford C-Max Hybrid SE 200A $169 36 $1,719 California Get Details
$245 2017 Kia Optima Hybrid Premium $189 36 $1,999 California Get Details
$255 2018 Ford C-Max Hybrid SE 200A $199 36 $1,999 California Get Details
$275 2017 Hyundai Ioniq Hybrid Blue $219 36 $1,999 Los Angeles Get Details
$275 2017 Kia Niro LX $219 36 $1,999 California Get Details
$277 2018 Kia Niro LX $199 36 $2,799 California Get Details
$285 2018 Hyundai Ioniq Hybrid Blue $229 36 $1,999 Los Angeles Get Details
$304 2017 Honda Accord Hybrid Base CVT $229 36 $2,699 National Get Details
$305 2018 Kia Optima Hybrid Premium $249 36 $1,999 California Get Details
$305 2018 Toyota Camry Hybrid LE Hybrid $249 36 $1,999 Southern California Get Details
$305 2018 Toyota RAV4 Hybrid XLE AWD $249 36 $1,999 Southern California Get Details
$310 2017 Hyundai Sonata Hybrid Base (Conquest) $249 36 $2,199 Los Angeles Get Details
$315 2018 Kia Niro Plug-In Hybrid LX PHEV $259 36 $1,999 California Get Details
$325 2017 Toyota Prius Two $269 36 $1,999 Southern California Get Details
$338 2017 Hyundai Sonata Hybrid Base $249 36 $3,199 Los Angeles Get Details
$344 2017 Honda Accord Hybrid EX-L CVT $269 36 $2,699 National Get Details
$345 2018 Toyota Prius c One $289 36 $1,999 Southern California Get Details
$345 2017 Toyota Prius v Two $289 36 $1,999 Southern California Get Details
$385 2018 Toyota Prius Two $329 36 $1,999 Southern California Get Details
$403 2017 Honda Accord Hybrid Touring CVT $309 36 $3,399 National Get Details
$404 2017 Lincoln MKZ Hybrid Reserve w/Moonroof $289 36 $4,139 Los Angeles Get Details
$490 2018 Lexus NX 300h Base 4x2 w/Comfort & Moonroof $379 36 $3,999 Western States Get Details
$530 2018 Toyota Avalon Hybrid XLE (NYC) $419 36 $3,999 New York Get Details
$538 2018 Lexus ES 300h Premium $399 36 $4,999 Western States Get Details
$614 2017 Lexus RX 450h Base with Navigation $489 36 $4,499 Western States Get Details
$624 2018 Lexus RX 450h Base with Navigation $499 36 $4,499 Western States Get Details
$650 2018 Chrysler Pacifica Hybrid Touring Plus $567 42 $3,499 National Get Details
$672 2018 Chrysler Pacifica Hybrid Touring L $589 42 $3,499 National Get Details
$698 2018 Chrysler Pacifica Hybrid Limited $615 42 $3,499 National Get Details
$711 2017 Chrysler Pacifica Hybrid Premium $628 42 $3,499 National Get Details
$750 2017 Chrysler Pacifica Hybrid Limited $667 42 $3,499 National Get Details


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, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website