MenuMENU
SearchSEARCH

Leases Popular With EV Consumers

Q4 data show they figure largely in the transactions with their significant cost savings.

March 6, 2025
Leases Popular With EV Consumers

The difference between the average monthly loan and lease payments was $175 in favor of leasing.

Credit:

Pexels/distel APPArath

1 min to read


With new-vehicle prices still inflated, buyers are looking for every way they can to make acquiring one more affordable, and for electric vehicles, leasing continues to be the go-to option for many.

A fourth-quarter report by Experian shows that 50% of new-EV acquisitions in the quarter were via leases, and EVs made up almost 20% of new-vehicle leases in the quarter, up from 2% four years earlier.

“Leasing offers consumers the opportunity to buy an EV without worrying about the potential resale value down the line,” said Experian Head of Automotive Financial Insights Melinda Zabritski in a press release on the report.

“With many EVs set to come off-lease in the next few years, it will be interesting to see how the used EV market unfolds.”

The cost of leasing an EV compared to buying one is significant considering today’s prices. The difference between the average monthly loan and lease payments was $175 in favor of leasing, according to Experian. The difference was even more for non-luxury EVs, whose lease payments were $205 lower than the average loan payment.

EV leases have also enjoyed exemptions from limits on federal EV tax credits, though the Trump administration has vowed to end the credits.

 

 

            

 

 

 

More Showroom

Industryby Hannah MitchellDecember 10, 2025

November Underlines Have-and-Have-Not Market

ATPs, asking prices stay elevated as affordable model sales languish and pricey ones flourish

Read More →
Industryby StaffNovember 26, 2025

Black Book: Weekly Market Update

Midsize luxury and subcompact luxury crossover segment depreciation quickened last week amid overall declines.

Read More →
Salesby Hannah MitchellNovember 17, 2025

October Brings Used Sales Turnaround

Still-pricey market nonetheless sees healthy volume

Read More →
Ad Loading...
Salesby Hannah MitchellNovember 12, 2025

New-Car Market Tips Further Toward the Wealthy

Average October prices barely skipped a beat from September’s records.

Read More →
ShowroomNovember 3, 2025

Today’s Pricing Challenge

It’s wise to know your sweet spots in a volatile market.

Read More →
Industryby Hannah MitchellOctober 22, 2025

Tesla Gets Slower in Golden State

The EV maker continued to lose market share in the state in Q3

Read More →
Ad Loading...
Salesby Hannah MitchellOctober 22, 2025

October Sales Down

Expected decline in EV deliveries not as bad as some might have expected

Read More →
Industryby Hannah MitchellOctober 13, 2025

EV Sales Widespread in Market-Leading State

California penetration far outpaces rest of U.S., including in some GOP counties.

Read More →
Industryby Hannah MitchellOctober 8, 2025

Fresh Auto Consumer Loyalty Perspective

Retention picture changes across power trains, demographics and auto segments, study finds

Read More →
Ad Loading...
Awardsby Hannah MitchellOctober 8, 2025

The 250K-Mile Club

One brand holds sway when it comes to durability, while certain styles tend to last longer and hybrids gain staying power.

Read More →