July is finally here, and the deals are heating up. The best SUV lease deals in July are almost all fully electric models, including the Hyundai IONIQ 5, Kia Niro EV, and Subaru Solterra. Check out the new offers below.
Nearly all automakers saw a considerable surge in electric car sales over the past few months. Ford, GM, Hyundai, Kia, Subaru, and others had double or triple-digit sales growth.
The growth comes after many introduced drastic price cuts over the past year to keep up with Tesla.
According to vehicle data from S&P Global Mobility (via Automotive News), EV registrations grew 17% in April, accounting for 7.3% of light-duty vehicles. The report highlighted bonus cash, lease deals, and other offers that drove prices down and boosted growth.
EV prices are nearly the same as gas-powered cars, but massive lease discounts are leading to cheaper lease deals.
Three of the four best SUV lease deals in July are electric. Hyundai, Kia, and Subaru topped the list with monthly payments ranging from $199 to $329 per month.
Best electric SUV lease deals in July 2024
Hyundaiβs IONIQ 5 topped the list again, according to online auto research firm CarsDirect, with a $10,000 lease incentive. The 2024 Hyundai IONIQ 5 SEL is listed at $259 per month for 33 months.
The offer is for $3,999 due at signing, and 10,000 miles per year, for an effective rate of $380 per month.
You can lease the IONIQ 5 for the same price as a Hyundai Tucson, even though itβs $18,000 more expensive. The 2024 Hyundai IONIQ 5 SEL offers up to 303 miles range and fast charging (10% to 80%) capabilities in 18 minutes. Hyundai is offering the promo until July 31, 2024.
Kiaβs Niro EV was next on the list, with lease payments as low as $199 per month, which is $50 cheaper than last month.
| Best electric SUV lease models for July 2024 | Per month rate | Due at signing | Effective cost per month |
| 2024 Hyundai IONIQ 5 SEL | $259 | $3,999 | $380 |
| 2024 Kia Niro EV Wind | $199 | $3,999 | $336 |
| 2024 Subaru Solterra Premium | $329 | $329 | $338 |
With $3,999 due at signing, the 2024 Kia Niro EV Wind has an effective cost of $336 per month. Thatβs even cheaper than the hybrid model at $376 per month.
You may have to act fast on this one, as Kia is only offering this deal until July 8, 2024. Weβll keep you updated on Kiaβs latest offers.
The Subaru Solterra also made the top SUV lease deals for July. Subaru is offering the 2024 Solterra Premium for $329 per month.
With only $329 due at signing (first-month payment), the Solterra is nearly Subaruβs cheapest vehicle to lease at just $18 more ($338) per month than the Impreza ($320). Subaru is also offering the deal until July 31, 2024.
Are you ready to drive off in your new electric SUV at some of the lowest prices offered to date? We can help you get started. You can use our links below to find deals on Hyundai, Kia, and Subaru electric SUVs at a dealer near you.
