Nissan Ariya EV Now Has A $199/mo Lease Deal

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Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses 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 by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - December 6, 2023
2023 Nissan Ariya crossover gold color

Nissan is offering its cheapest lease to date on the all-electric Ariya SUV. Based on our analysis, Nissan Ariyas can now be leased for as little as $199 per month in some parts of the country following a recent price cut. In some cases, this could make the Nissan Ariya one of the most affordable EVs you can lease right now.

In New York, the 2023 Nissan Ariya Engage is now listed on the company's website at $199 for 18 months with $4,379 due at signing. The deal includes over $10,000 in savings based on $9,280 in lease cash plus $1,000 in bonus cash. This may be the most affordable lease we've ever seen on the Nissan Ariya.

A month ago, the Ariya's lease price was $339 for 36 months with $4,509 at signing. Whereas the slow-selling EV had an effective monthly cost of $464, the price cut brings it down to $442. While it's not an apples-to-apples comparison given the difference in lease terms, the $199 payment could garner some attention.

Current Nissan owners and lessees may also qualify for a $1,000 loyalty discount through January 2nd. The loyalty discount is also available to Infiniti owners, doesn't require a trade-in, and can be transferred to members of the same household. The lease is based on an MSRP of $45,080 and 10,000 miles per year.

2023 Nissan Ariya gold color rear view

According to a bulletin sent to dealers, Nissan changed how it handles Ariya lease pricing by deciding to pass along $7,500 in lease cash. Although the Ariya doesn't qualify for a federal tax credit, a loophole enables the automaker to take advantage of a commercial tax incentive when the EV is leased to consumers.

Previously, Nissan said it opted to inflate residual values and offer lower lease rates. While we aren't seeing Ariya pricing quite this low in other parts of the country, the model is likely to be a better deal than before. For those looking to get the most for their money, the Ariya could be a better deal than the Nissan Leaf.

Nissan's pricing for the 2024 LEAF S with a 40 kWh battery is $289 for 36 months with $2,649 at signing for an effective cost of $363. At that price, the Ariya's MSRP is almost $16,000 higher but only $79 per month more to lease. Meanwhile, the Tesla Model Y Standard Range currently has an effective cost of $554.

At nearly $200 per month less than the Tesla Model Y and presenting a better deal than the Leaf, the Ariya could be worth a look depending on offers in your area. The Ariya lease is based on the Engage trim with a 63 kWh battery and front-wheel drive. The EPA estimates it can travel up to 216 miles on a single charge.

Explore Top Electric Car Leases

, Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses 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 by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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