5 Electric Vehicle Lease Deals Under $299/Month (December 2025 Guide)

The EV Lease Revolution: Why December 2025 Is the Perfect Time

What if I told you that driving a brand-new electric vehicle could cost you less than $299 per month? While many assume EV ownership is reserved for the wealthy, December 2025 is proving that assumption wrong. With lease deals starting at just $169/month and state incentives reaching up to $15,000 in some regions, affordable EV ownership has never been more attainable.

We believe that good stewardship includes making wise financial decisions while caring for the creation entrusted to us. That's why we're diving deep into the five best affordable EV lease deals available right now, complete with the real costs dealerships might not advertise upfront.

Why Leasing an EV Might Make More Sense Than You Think

Before we jump into the deals, let's address the elephant in the room: many people (ourselves included) have traditionally viewed leasing as "throwing money away." But here's the surprising truth we discovered, most of these vehicles actually cost less when you lease them and then buy them out at the end of the lease term compared to purchasing them outright.

Why? The combination of manufacturer lease incentives, state tax credits applied at the point of sale, and depreciation factors create a unique financial advantage. Plus, with EV technology evolving rapidly, leasing gives you flexibility to upgrade as battery technology and charging infrastructure improve.

The Top 5 EV Lease Deals Under $299/Month

1. Kia Niro EV Wind Trim: The Budget Champion at $169/Month

If you're looking for the absolute lowest entry point into EV ownership, the Kia Niro EV takes the crown at $169 per month.

Key Details:

• Range: 255 miles
• Down Payment: $3,999
• Lease Term: 24 months
• Annual Mileage: 10,000 miles
• Net Monthly: $329/Month

While the Niro doesn't offer the fastest DC fast charging in its class, it provides more than adequate range for most daily commutes and weekend adventures. And here's the real kicker: in states like Colorado with generous EV incentives, this vehicle could essentially be free to drive when you factor in available credits.

2. Hyundai IONIQ 6: The Sweet Spot at $229-$239/Month

For those seeking a more premium experience with impressive range, the Hyundai IONIQ 6 delivers exceptional value.

Key Details:

• Range: 240 miles (standard) or 342 miles (SE RWD—our recommendation)
• Down Payment: $3,999
• Lease Term: 24 months
• Annual Mileage: 12,000 miles
• Monthly Cost: $229/Month (standard) or $239/Month (SE RWD)
• Net Monthly: $386/Month (standard) or $396/Month (SE RWD)

Our take? Spending an extra $10 per month to gain over 100 miles of range is a no-brainer. The IONIQ 6's sleek, aerodynamic design and impressive efficiency make it one of the best Tesla Model 3 lease alternatives on the market.

3. Hyundai IONIQ 5: The Versatile Hatchback at $249-$259/Month

If you need more cargo space and a commanding seating position, the Hyundai IONIQ 5 offers Hatchback versatility with the same attractive lease terms as its sedan sibling.

Key Details:

• Range: 245 miles (standard) or 318 miles (SE RWD)
• Down Payment: $3,999
• Lease Term: 24 months
• Annual Mileage: 12,000 miles
• Monthly Cost: $249/Month (standard) or $259/Month (SE RWD)
• Net Monthly: $405/Month (standard) or $415/Month (SE RWD)

The IONIQ 5's distinctive retro-futuristic styling and spacious interior make it perfect for families or anyone who regularly hauls gear. Plus, Hyundai's ultra-fast 800V charging architecture means you can add significant range in just 15-20 minutes at compatible charging stations.

4. Toyota bZ4X (Now Just "bZ"): The Extended Term Option at $279/Month

Toyota's redesigned bZ (they simplified the name because, let's be honest, nobody could remember "bZ4X") offers a longer lease term for those who prefer spreading payments over more time.

Key Details:

• Range: 314 miles (XLE FWD trim)
• Down Payment: $3,999
• Lease Term: 39 months (unique!)
• Annual Mileage: 10,000 miles
• Monthly Cost: $279/Month
• Net Monthly: $374/Month

Fun fact: This vehicle shares its platform with Subaru's Solterra, so if you're a Subaru enthusiast, you're getting that same engineering DNA. The new bZ addresses many of the complaints from the original model, making it a solid contender in the affordable electric vehicle leasing category.

5. Tesla Model 3 Premium RWD: Maximum Range at $299/Month

Topping our under-$299 list is the Tesla Model 3 Premium Rear-Wheel Drive, and it offers the best combination of range and low down payment.

Key Details:

• Range: 363 miles (the highest on our list)
• Down Payment: $1,500 (the lowest on our list)
• Lease Term: 36 months
• Annual Mileage: 10,000 miles
• Monthly Cost: $299/Month
• Net Monthly: $360/Month

The Model 3 delivers unmatched access to Tesla's extensive Supercharger network, which remains the gold standard for road-tripping convenience. While it sits at the top of our price range, the minimal down payment and maximum range make it our best overall value pick. Act fast though because this deal increases to $499/Month with $3,000 down on December 26th.

State Incentives That Change Everything

Here's where these deals get truly remarkable. While the federal EV tax credit is gone, many states have stepped up with generous incentives that can dramatically reduce your effective monthly cost.

Colorado: The $15,000 Incentive King

Colorado offers the most generous stacking incentives we've found:

• Vehicle Exchange Program: Up to $9,000 when you trade in a qualifying vehicle
• New EV Lease Credit: $3,500 for vehicles under $80,000(drops to $750 on January 1st)
• Additional Low-Price Credit: $2,500 for vehicles under $35,000

Total Potential Savings: $15,000

With these incentives, the Kia Niro EV qualifies for all three programs, making it essentially free to drive. Even the Tesla Model 3 would drop to around $50/month after incentives.

Other States With Active EV Incentives

Additional states offering credits include Maine, Connecticut, New York, New Jersey, Pennsylvania, Rhode Island, and New Mexico. We've compiled a comprehensive guide on our website, check out our EV Credit Tool to see what's available in your state.

Our Rankings: Best Value, Best Looking, Best Overall

Best Overall Value: Tesla Model 3 Premium RWD

At $299/month with only $1,500 down, you get the longest range (363 miles) and access to the most reliable charging network. For those planning longer trips or who simply want peace of mind, this is the clear winner.

Best Value Per Dollar: Hyundai IONIQ 6

The IONIQ 6 offers the most range for your money and the biggest discount off MSRP if you decide to buy it out at lease-end. It's the smart choice for those who want premium features without the premium price tag.

Best Looking: Hyundai IONIQ 5

With its retro-futuristic design and versatile SUV form factor, the IONIQ 5 turns heads while delivering practical functionality for families and adventurers alike.

Best Overall Price With Credits: Kia Niro EV

In states like Colorado with generous incentive stacking, the Niro EV can be essentially free to drive, an unbeatable proposition for budget-conscious EV adopters.

Take Action: Your EV Journey Starts Today

Which of these five deals best fits your situation? Are you the budget-conscious driver who'd thrive with the Kia Niro EV? The range-anxious road-tripper who needs the Tesla Model 3's 363 miles? Or the style-conscious driver drawn to the IONIQ 5's distinctive design?

We'd love to hear from you. Drop us a comment on our YouTube video sharing which lease deal appeals to you most and why. And if you found this guide helpful, subscribe for more real-world EV insights, comparisons, and faith-based perspectives on sustainable transportation.

Remember: these December deals won't last forever, and some state incentives (like Colorado's $3,500 credit) drop significantly on January 1st. If you've been waiting for the right time to make the switch to electric, this might be your moment.

Until next time, drive wisely and God bless.