Spring has sprung, and with it comes a fresh wave of enticing EV lease deals. If you’re looking to make the switch to electric without breaking the bank, March is shaping up to be an excellent month. Several compelling EVs are currently available for lease at under $300 per month. We’ve compiled a list of the Cheapest Evs you can lease this March, ensuring you get the best value for your money.
Following a landmark year where over 1.3 million EVs were sold in the US in 2024, the electric vehicle momentum is set to continue into 2025, with approximately 15 new models anticipated to hit the market. The initial months of 2025 have already witnessed strong EV sales, with nearly 200,000 units sold in January and February alone. February’s best-selling EVs included popular models like the Tesla Model Y and Model 3, alongside newcomers such as the Honda Prologue and Rivian R1S.
Interestingly, excluding the Rivian R1S electric SUV and the now sold-out older Tesla Model Y, many of these top-selling EVs are available for lease at under $300 a month this March. Leasing an electric car is becoming an increasingly attractive option for consumers, especially when considering that the average monthly lease payment for an EV is significantly lower – around $175 less per month – than the average loan payment. This cost-effectiveness is a major driver behind the growing popularity of EV leasing.
According to data from Experian, models like the Tesla Model 3, Honda Prologue, Hyundai IONIQ 5, and Chevrolet Equinox are among the most frequently leased EVs. And as mentioned, these models are currently featured in the under $300 per month lease category, making them exceptionally accessible this March.
Hyundai’s 2025 IONIQ 5 Limited, now equipped with a Tesla NACS port, is part of attractive lease offers for cheapest EVs in March. (Source: Hyundai)
Hyundai, Kia, and Genesis: Affordable Electric Leases
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2025 Kia Niro EV | $129 | 24 | $3,999 |
| 2024 Kia EV6 | $179 | 24 | $3,999 |
| 2024 Hyundai IONIQ 5 | $159 | 24 | $3,999 |
| 2025 Hyundai IONIQ 5 | $199 | 24 | $3,999 |
| 2024 Hyundai IONIQ 6 | $149 | 24 | $3,999 |
| 2025 Hyundai IONIQ 6 | $169 | 24 | $3,999 |
| 2025 Genesis GV60 | $299 | 24 | $5,999 |
Kia and Hyundai are consistently leading the charge in providing budget-friendly and efficient electric vehicles. The Kia Niro EV stands out as one of the most compelling cheapest EVs to lease this month, with rates starting as low as $129 per month.
The updated 2025 Hyundai IONIQ 5, now boasting increased range and the widely compatible Tesla NACS charging port, along with the sleek IONIQ 6, are being introduced with substantial lease discounts. Even the premium 2025 Genesis GV60 luxury EV is available for lease at under $300 per month in March, showcasing the breadth of affordable electric options from these brands.
Adding further value, Hyundai recently launched a promotion offering a complimentary ChargePoint Level 2 home charger for customers who purchase or lease new 2024 or 2025 IONIQ 5 or IONIQ 6 models. Alternatively, for those already equipped with a home charger, a $400 public charging credit is also available. This initiative enhances the appeal of these already affordable EVs.
The 2024 Honda Prologue Elite, shown here, is among the cheapest electric SUVs to lease in March. (Source: Honda)
Honda Prologue and Acura ZDX: Competitive EV Lease Rates
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2024 Honda Prologue | $239 | 36 | $1,399 |
| 2024 Acura ZDX | $299 | 24 | $2,999 |
The Honda Prologue electric SUV continues to make significant inroads in the US market. In the latter half of 2024, the Prologue emerged as the second best-selling electric SUV, trailing only the Tesla Model Y. This momentum has carried into 2025, as it has consistently ranked among the top five best-selling EVs in the US for the first two months of the year.
With an exceptionally low lease rate of just $239 per month, the Prologue becomes even more financially accessible than Honda’s popular Civic model this month. This affordability is undoubtedly contributing to its impressive sales figures.
Honda introduced the 2025 Prologue model earlier in March, which features enhanced range, now reaching up to 308 miles, and increased power, while maintaining its attractive starting price point.
Acura’s luxurious electric SUV, the ZDX, can be leased for as little as $299 for a 24-month term. With a reasonable $2,999 due at signing, the ZDX even undercuts the Genesis GV60 in terms of lease affordability, thanks to substantial discounts. In certain states, Acura ZDX discounts are reported to be as high as $28,000, further solidifying its position as a surprisingly cheap EV lease option, potentially even more affordable than leasing a Civic in March.
The Chevy Equinox EV LT, pictured, is part of Chevy’s lineup of cheapest EV lease deals available in March. (Source: GM)
Chevy Blazer and Equinox EVs: Affordable Electric SUVs
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2024 Chevy Equinox EV | $299 | 24 | $3,169 |
| 2024 Chevy Blazer EV | $299 | 24 | $3,879 |
Chevrolet’s new electric SUV offerings are rapidly gaining traction. The electric Equinox was a standout performer, ranking among the top five best-selling EVs in the final quarter of 2024. Both the Equinox EV and Blazer EV are available for lease at under $300 a month this March, making them accessible options for those seeking electric SUVs. While the Blazer EV is slightly more expensive upfront with $3,879 due at signing, it’s worth noting that this deal includes a $1,000 trade-in bonus, potentially offsetting the initial cost.
The Chevy Equinox EV, marketed as “America’s most affordable +315 miles range EV,” is proving to be remarkably cost-effective. This month, it’s even cheaper to finance than its gasoline-powered counterpart, offering potential savings of up to $8,500. This makes the Equinox EV a truly compelling option in the cheapest EV category.
The Ford Mustang Mach-E (left) and F-150 Lightning (right) are featured in Ford’s cheapest EV lease offerings for March. (Source: Ford)
Ford F-150 Lightning and Mustang Mach-E: Incentivized EV Leases
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2024 Ford Mustang Mach-E | $213 | 36 | $4,462 |
| 2024 Ford F-150 Lightning | $233 | 24 | $6,792 |
Despite a slight dip in F-150 Lightning sales this year, the Ford Mustang Mach-E has maintained its position as a top-selling electric SUV throughout the first two months of 2025, demonstrating its continued popularity in the EV market.
Ford is sweetening the deal for EV buyers and lessees with its “Power Promise” promotion. This initiative includes a complimentary Level 2 home charger with any EV purchase or lease, along with a range of other benefits, making Ford EVs even more attractive in terms of value and convenience.
The 2024 Subaru Solterra, pictured, offers one of the cheapest AWD EV lease options in March. (Source: Subaru)
Toyota bZ4X and Subaru Solterra: Japanese EVs with Lease Deals
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2025 Toyota bZ4X | $259 | 36 | $2,999 |
| 2024 Subaru Solterra | $279 | 36 | $279 |
Japanese automakers Toyota and Subaru are gaining momentum in the EV sector. Sales of the Toyota bZ4X and Subaru Solterra are on the rise. The Subaru Solterra, with an effective monthly lease cost of just $287, emerges as a particularly compelling option this month, especially considering its standard all-wheel-drive (AWD) capability, making it a strong contender for the cheapest AWD EV lease.
The Tesla Model 3 continues to be among the cheapest EVs to lease in March, offering great value. (Source: Tesla)
Tesla Model 3: Still a Cheapest EV Leader in March
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| Tesla Model 3 | $299 | 36 | $2,999 |
Despite Tesla’s old Model Y inventory being depleted this month, the Tesla Model 3 remains available for lease at under $300 per month. The Model 3 continues to be a best-selling EV in the US, and for good reason, offering a blend of performance, range, and technology at a competitive price point.
The new Long Range AWD Model 3 boasts an impressive EPA-estimated driving range of up to 363 miles and can add up to 195 miles of range in just 15 minutes at compatible Superchargers. This combination of range and fast charging makes it a highly practical and desirable cheapest EV lease option.
Other EVs to Consider for Under $300 Lease
| Lease From | Term (months) | Due at Signing | Effective rate per month (including upfront fees) |
|---|---|---|---|
| 2025 Nissan LEAF | $259 | 36 | $2,279 |
| Fiat 500e | $159 | 24 | $1,999 |
It’s important to note that some of these lease rates may fluctuate depending on your geographical location. For example, the $239 per month Honda Prologue lease offer is specifically available in California and other Zero Emission Vehicle (ZEV) states. Similarly, the Acura ZDX’s $299 lease promotion is limited to CA, NY, OR, and select other states.
In regions outside of these specific promotional areas, the Honda Prologue is still offered at an attractive $269 per month for a 36-month lease. With $3,199 due at signing, the effective monthly cost remains competitive at $358 per month. Furthermore, potential customers may be eligible for a $1,000 conquest or loyalty offer, which could further reduce monthly payments to approximately $330.
However, the future of these affordable EV lease deals may be uncertain. With the Trump administration considering ending federal EV incentives, including the significant $7,500 tax credit, many of these current savings could potentially disappear in the near future. Automakers are currently able to offer such competitive lease prices largely because these tax credits are factored into the lease calculations. Therefore, if you’re considering leasing a cheapest EV, March might be an opportune time to take advantage of these deals before potential incentive changes occur.
