Leasing

Polestar’s Flexible Lease program requires customers to initiate a 24-month lease, but at any time after five monthly payments, they can walk away with no early termination fee.

One alternative to buying an electric vehicle is to lease one, and some automakers are offering special deals on EV leases that mirror the federal tax credit.

Now through July 5, customers are eligible for a $7,500 lease bonus on the 2023 EV6.

Hyundai announced today at the 2023 Chicago Auto Show that it’s launching an all-new electric vehicle subscription service dubbed Evolve+.

SignatureFlex gives lessees the ability to add miles if they are approaching their mileage limit rather than having to worry about paying for each mile driven over the limit.

Many more EVs and plug-in hybrids are eligible for the federal tax subsidy of up to $7,500 — including vehicles built outside North America — as long as drivers lease them or buy used rather than buy new.

Customers who are leasing any of Ford’s all-electric vehicles will no longer be able to buy out the vehicle at lease end to help manage the automaker’s EV battery recycling and materials.

Tesla changed its leasing policy and will now no longer allow customers taking delivery of a vehicle after April 15, 2022, to purchase their vehicle at the end of the lease.

With most auto leases you’ll almost always owe a disposition fee (or turn-in fee), even if you return it in showroom condition.

As manufacturer incentives sink and transaction prices continue to rise, the inventory shortage has also shaken up car leasing.