agent Entrepreneur logo
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.

Ad Loading...

“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 MitchellFebruary 18, 2026

EVs Bring Most Satisfaction to Date

Study finds that adopters are true believers and that their satisfaction with the vehicles is growing, including for public charger experience, despite pullback of federal incentives.

Read More →
gray electric vehicle charging
Industryby Lauren LawrenceFebruary 9, 2026

Year-End Inventory Hints at Stability

Electric-vehicle inventory dropped in December, according to S&P Global, but the hybrid market saw about a 19% year-over-year increase in supply despite being down from November.

Read More →
Salesby Hannah MitchellFebruary 2, 2026

Consumer Outlook Dims

The year starts with declined expectations for economic conditions and plans to make big purchases. Used cars, though, are among the top big-ticket categories under consideration.

Read More →
Ad Loading...
2026 red Honda Civic
Showroomby Lauren LawrenceJanuary 26, 2026

Low Price, Long Life: 2026 New-Car Rankings

The Honda Civic is named the most reliable new car for the money at $27,768 with a predicted 13½ year life span, breaking down to $2,058 annually, or less than half the industry average.

Read More →
Salesby StaffJanuary 21, 2026

Black Book: Weekly Market Update

Could it be an early spring when it comes to used-vehicle sales? Black Book analysts think so based on recent weeks' auction activity.

Read More →
credit card, cash, toy car, car keys on top of laptop
Showroomby Lauren LawrenceJanuary 14, 2026

Buyer Satisfaction Up Despite High Prices

Auto consumers reported greater satisfaction last year despite higher prices and rising tariffs, due to an omnichannel approach blending online and in-person shopping, Cox Automotive research found.

Read More →
Ad Loading...
Industryby Hannah MitchellJanuary 5, 2026

Late-Year Auto Sales Off

Purchases of new and used vehicles were down in December despite several positive market turns for consumers, whose optimism didn’t match their big-ticket spending.

Read More →
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 →
Ad Loading...
Salesby Hannah MitchellNovember 17, 2025

October Brings Used Sales Turnaround

Still-pricey market nonetheless sees healthy volume

Read More →