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.

 

 

            

 

 

 

Originally posted on F&I and Showroom

More Industry

Group photo of men outside storefront.
Industryby Hannah MitchellMay 28, 2026

Pennsylvania Dealership Under New Retailers

The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.

Read More →
Hallway with lockered wiring and computer
Industryby Lauren LawrenceMay 28, 2026

Battery Storage Takes Priority Over EVs

U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Industryby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Ad Loading...
Closeup photo of the front of a white car
Industryby Hannah MitchellMay 21, 2026

New-Vehicle Sales Picture Relative

A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.

Read More →
Nissan logo on front of building
Industryby Lauren LawrenceMay 21, 2026

Auto Group Acquires Third Nissan Rooftop

Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.

Read More →
Couple talking with auto salesman next to new car inside dealership
Industryby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Ad Loading...
Wooden people figures of different colors in a row, similar to board game pieces
IndustryMay 20, 2026

Building an Extraordinary F&I Agency

Work to determine your specialized talent, because that fact will determine everything about your agency’s future.

Read More →
Ingredient card, policies and procedures, fixed operations, variable operations, data security, audit
Industryby Jim GantherMay 19, 2026

Recipe for Compliance

The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.

Read More →
Photo of new Chevrolet Bolt parked on a beach
Industryby Hannah MitchellMay 14, 2026

EVs Getting More Attractive

A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.

Read More →
Ad Loading...
Benchmark bar graph showing April 2026 EV Sales
Industryby Lauren LawrenceMay 14, 2026

EV Sales Drop in April Following Surge

North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.

Read More →