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The Best Electric SUV Lease Deals in 2024: What the Offers Really Cost

A comparison of selected 2024 electric SUV lease offers, showing how due-at-signing cash changed the reported effective monthly cost. All offers are historical and expired.
Entry719 Date Time4 min MechanicCarCody Team
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All of the 2024 lease offers below are expired. They are useful as historical examples, not deals available today. The clearest comparison is not the advertised monthly payment but the payment alongside the lease term and cash due at signing; those upfront amounts substantially raised the effective monthly cost in the December examples.

How the 2024 offers compare

Electrek’s December 24, 2024 roundup listed the following advertised examples. Its reported effective monthly figures include the upfront amount spread across the lease term; they are not a standardized measure of every fee or tax.

Vehicle Advertised payment Term Due at signing Reported effective monthly cost
2024 Kia EV6 $159/month 24 months $3,849 $319/month
2024 Hyundai IONIQ 5 $159/month Not stated reliably; Electrek’s table says 24 months, while its prose says 36 months $3,999 $326/month
2024 Nissan Ariya $169/month 24 months $6,219 $428/month
2024 Toyota bZ4X $219/month 39 months $2,999 $296/month
2024 Honda Prologue $229/month 36 months $1,299 $265/month
2024 Ford Mustang Mach-E $251/month 36 months $5,440 $402/month
2024 Subaru Solterra $279/month 36 months $279 $287/month
2024 Chevrolet Equinox EV $299/month 24 months $3,169 $431/month
Tesla Model Y $299/month 36 months $2,999 $382/month

Source: Electrek’s December 24, 2024 roundup. The IONIQ 5 term is internally inconsistent in that article, so the table does not establish which term applied to that advertised payment.

Why the teaser payment can mislead

A lease quote with a low monthly figure may require substantial cash up front. In Electrek’s December examples, the reported effective monthly cost was higher than the advertised payment for every vehicle listed. For instance, the EV6’s $159 advertised payment and $3,849 due at signing corresponded to a reported effective cost of $319 per month; the Equinox EV’s $299 payment and $3,169 due at signing corresponded to $431.

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#1 Best Overall
Sale
ELEMARA Licensed Mercedes-Benz AMG G63 Ride on Toys,12V Ride on Car with Remote Control,Rechargeable Battery,Flickering Lights/LED Lights, Bluetooth,Music & Horn, Soft Start, Low Battery Prompt,Black
  • [1:1 Real AMG G63 Replica Officially Licensed Luxury]This kids'electric vehicle​is meticulously crafted to mirror the iconic Mercedes-AMG G63, from its bold grille to the muscular body and detailed interior. backed by ASTM and CPSC certifications,As a premium toddler car, it offers an authentic luxury SUV experience that stimulates your child's imagination. this ride brings the prestige of a real G-Wagon to your driveway, making it the ultimate car for kids to drive
  • [Outstanding Performance] Dual Motors & 12V Battery,Powered by two robust 35W motors and a 12V rechargeable battery,this kids electric car​ delivers a smooth ride with speeds ranging from 1.9 to 3 MPH. The remote control offers three adjustable speeds (1.9/2.7/3 MPH) for safe cruising on flat surfaces.This electric cars for kids​provide consistent power and long-lasting fun for extended backyard adventures.
  • [Dual Control of Safety & Fun] Parental Remote + Manual,Younger children can safely enjoy this electric car for toddler with parental remote, allowing you to adjust the speed (low/medium/high) and direction with precision. older children can drive independently using the foot pedal and steering wheel. The one-button emergency stop function on the remote control to prevent collisions. this ride on car​ is the perfect electric vehicle tailored for the safety and growth of young children
  • [Advanced Entertainment System]Elevate playtime with bright LED headlights that flash with a press, enhancing safe night rides.This kids driveable car​features built-in Bluetooth to stream your child's favorite songs,plus realistic engine sounds,music,and horns.The interactive dashboard provides a cool,immersive cockpit feel,turning this ride on toy​into a mobile entertainment hub.
  • [All-Terrain Capability+Shock-Absorbing Wheels]Equipped with four large tread wheels and shock-absorbing springs,this kids ride on toy​ glides smoothly over hardened ground,wooden floors,asphalt,grass,and even shallow sand. Whether it’s a park ride or a backyard expedition,this sturdy car for kids​handles diverse terrains with ease.A top choice among carros eléctricos para niños​for outdoor play.

Use the effective amount as a quick screening tool, not as a complete quote. The source’s amortization method may not include the same taxes and fees as another quote. Ask the dealer for a written breakdown of the total amount due, monthly payments, term, mileage allowance, taxes, acquisition and documentation fees, and any other charges. Compare offers only after confirming which upfront costs are included in the calculation.

Offers differed by date, location, and mileage

A separate February IONIQ 5 offer

CarsDirect reported a distinct national offer on February 21, 2024: a 2024 Hyundai IONIQ 5 Long Range at $299 per month for 36 months, with $3,499 due at signing, a stated MSRP of $47,035, and 10,000 miles per year. CarsDirect said the offer was supported by $10,000 in lease cash. This was a February snapshot, not the same offer as Electrek’s December example; the two should not be combined.

Rank #2
Seizeen 12V Licensed Lamborghini Urus Ride On Car, Electric SUV Car Power Wheel Toy w/Parent Remote Control, Music Player, FM Radio, LED Headlights, Soft Start, 2.5MPH Max Speed for Kids (Pink)
  • 【Real Driving Experience】ENYOPRO Lamborghini car for kids is 、scaled down to child size and restored almost 1:1 to the same cool appearance as the real car. Features with LED headlights, horn, engine sound, music player, 2 speed modes, rear view mirror, rear light reflector accessories and more, your child can easily drive this ride-on car with a traction steering wheel and pedals for the most fun and realistic driving experience.
  • 【Kids Safety First】Certified by ASTM, CPC, CSPIA, this kids electric ride-on car is made of PP plastic and sturdy metal frame, and features 3-point seat belts and double-sided lockable doors to keep your child safe while driving. Wear-resistant, skid-proof and explosion-proof PP material tires with shock absorption system, plus the support of soft start technology, allow this power wheel electric vehicle for kids to drive smoothly on various terrains.
  • 【Parental Controls】If your children are too young to drive this electric car, don't worry, you can guide them through the 2.4GHz remote control. At all times, the remote control has priority over manual operation, allowing you to control this vehicle when necessary to protect your child's safety. It is worth noting that the remote control features with 3 speed adjustments and emergency brake function to enhance interaction and control.
  • 【Entertainment Setup】How could music be lacking while driving car? Equipped with a multi-functional music player, this power wheel car combines entertainment, education and driving fun. In addition to playing built-in music and stories, it can listen to radio stations, and also supports AUX and USB connections to your devices such as mobile phones to play your child's favorite music or educational audio, improving learning while enjoying driving.
  • 【Premium Performance】This 12V ride on toy car is driven by two 35W low-noise rear-drive motors and powered by a 7AH rechargeable battery. Your child can cruise at either a low speed of 1.3mph or a max speed of 2.5mph. Recommended for ages: 37-72 Months. Overall Dimension: 41.4”(L) x 25.6”(W) x 20.5”(H); Weight Capacity: 72 LBS; Charge Time: 8-12 Hours; Running Time: 1-2 Hours.

Source: CarsDirect, February 21, 2024.

Location changed the advertised Ariya payment

Electrek contrasted a $99-per-month Nissan Ariya example in Colorado with a $169-per-month example in New York. That difference illustrates why a national headline or a quote from another state cannot establish what a local shopper would have paid. Eligibility, participating inventory, and regional incentives all need confirmation for the specific offer.

A historical Ford promotion

Electrek also described Ford’s Power Promise at the time as including a free Level 2 home charger and standard installation. That was a historical promotion attached to the article’s 2024 context, not evidence of a current benefit or a named charger model.

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Rank #3
Okybaby 24V Kids Ride on UTV, 400W Electric Cars for Toddlers & Big Kids w/Parent Remote, High Chassis SUV Car with Extra Trunk, 4-Wheel Suspension, Music & Bluetooth (Blue)
  • 24V Long-Lasting Power: The 24V high-capacity battery delivers up to 1 hour of continuous playtime on a single charge. Kids enjoy extended driving fun without frequent charging interruptions—perfect for adventurous outdoor play sessions.
  • 400W Turbocharged Performance: Powered by two 200W high-torque motor, this ride-on conquers tough terrain effortlessly—grass, sand, or slopes. Your little driver experiences thrilling, real-car power with unmatched climbing ability for endless adventures.
  • All-Terrain Suspension System: Four-wheel shock absorbers absorb bumps and vibrations completely, ensuring ultra-smooth rides even on rough surfaces. Enhanced stability and safety let kids drive confidently while parents enjoy peace of mind.
  • Smart Parental Remote Control: The 2.4G anti-interference remote allows full parental control—steer, accelerate, or brake from 50+ feet away. Ideal for beginners; switch to manual mode as kids gain driving skills for a seamless transition to independence.
  • Premium Entertainment Hub: The advanced center panel features Bluetooth/USB music, LED power display, and bright headlights. Combined with the portable rear handle, it delivers safety, convenience, and non-stop fun—day or night!

Promotional quotes versus typical lease payments

Experian Automotive’s State of the Automotive Finance Market for Q2 2024 reported an average lease payment of $414 for the Hyundai IONIQ 5, $411 for the Nissan Ariya, $579 for the Ford Mustang Mach-E, and $464 for the Kia EV6. It also reported an average payment difference of $88 between a lease and a loan across all EV models.

These are market-level figures, not quotes for the specific advertised offers above or recommendations for an individual shopper. They provide context for lease payments in that quarter but do not establish what a particular trim, region, or qualified customer would receive. Source: Experian Automotive, State of the Automotive Finance Market Q2 2024.

Rank #4
Okybaby 24V Ride on Car, 400W Electric UTV High Chassis SUV Kids Car with Extra Trunk, Electric Cars for Toddlers & Big Kids w/Parent Remote, 4-Wheel Suspension, Music & Bluetooth, Black
  • 24V Long-Lasting Power: The 24V high-capacity battery delivers up to 1 hour of continuous playtime on a single charge. Kids enjoy extended driving fun without frequent charging interruptions¡ªperfect for adventurous outdoor play sessions.
  • 400W Turbocharged Performance: Powered by two 200W high-torque motor, this ride-on conquers tough terrain effortlessly¡ªgrass, sand, or slopes. Your little driver experiences thrilling, real-car power with unmatched climbing ability for endless adventures.
  • All-Terrain Suspension System: Four-wheel shock absorbers absorb bumps and vibrations completely, ensuring ultra-smooth rides even on rough surfaces. Enhanced stability and safety let kids drive confidently while parents enjoy peace of mind.
  • Smart Parental Remote Control: The 2.4G anti-interference remote allows full parental control¡ªsteer, accelerate, or brake from 50+ feet away. Ideal for beginners; switch to manual mode as kids gain driving skills for a seamless transition to independence.
  • Premium Entertainment Hub: The advanced center panel features Bluetooth/USB music, LED power display, and bright headlights. Combined with the portable rear handle, it delivers safety, convenience, and non-stop fun¡ªday or night!

How to evaluate a lease offer

  1. Confirm the exact vehicle. Match model year, trim, drivetrain, and any required options to the vehicle in dealer inventory.
  2. Check the location and dates. Confirm the offer applies in your state, is still within its expiration period, and is available for that dealer’s vehicle.
  3. Read the full payment assumptions. Verify the lease term, annual mileage allowance, credit qualification, and whether taxes and fees are included. An allowance such as 10,000 miles per year can materially affect whether the deal fits your driving.
  4. Calculate a comparable monthly cost. Add the upfront charges you will actually pay to the scheduled lease payments, then divide by the number of months. Keep taxes and fees visible rather than assuming every advertised effective-payment figure handles them the same way.
  5. Get the complete written quote. Confirm the total due at signing, recurring payment, acquisition and dealer fees, applicable taxes, and any conditions tied to incentives before comparing it with another offer.

For an example of why exclusions matter, Tesla’s current leasing guidance says estimated payments exclude taxes and fees and remain subject to underwriting. That is current process guidance, not a record of a 2024 Model Y promotion. See Tesla’s leasing guidance.

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What these examples can—and cannot—tell you

The examples support a cost comparison of a limited set of advertised 2024 offers; they do not establish a complete ranking of every electric SUV deal offered that year. They also do not provide a consistent basis for judging range, charging, cargo space, or equipment. A lower lease payment alone cannot show which SUV is the better vehicle or the better fit.

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Best Value
Seizeen 12V Licensed Lamborghini Urus Ride On Car, Electric Car Power Wheel SUV Toy w/Parent Remote Control, Music Player, FM Radio, LED Headlights, Soft Start, 2.5MPH Max Speed for Kids (Black)
  • 【Real Driving Experience】ENYOPRO Lamborghini car for kids is 、scaled down to child size and restored almost 1:1 to the same cool appearance as the real car. Features with LED headlights, horn, engine sound, music player, 2 speed modes, rear view mirror, rear light reflector accessories and more, your child can easily drive this ride-on car with a traction steering wheel and pedals for the most fun and realistic driving experience.
  • 【Kids Safety First】Certified by ASTM, CPC, CSPIA, this kids electric ride-on car is made of PP plastic and sturdy metal frame, and features 3-point seat belts and double-sided lockable doors to keep your child safe while driving. Wear-resistant, skid-proof and explosion-proof PP material tires with shock absorption system, plus the support of soft start technology, allow this power wheel electric vehicle for kids to drive smoothly on various terrains.
  • 【Parental Controls】If your children are too young to drive this electric car, don't worry, you can guide them through the 2.4GHz remote control. At all times, the remote control has priority over manual operation, allowing you to control this vehicle when necessary to protect your child's safety. It is worth noting that the remote control features with 3 speed adjustments and emergency brake function to enhance interaction and control.
  • 【Entertainment Setup】How could music be lacking while driving car? Equipped with a multi-functional music player, this power wheel car combines entertainment, education and driving fun. In addition to playing built-in music and stories, it can listen to radio stations, and also supports AUX and USB connections to your devices such as mobile phones to play your child's favorite music or educational audio, improving learning while enjoying driving.
  • 【Premium Performance】This 12V ride on toy car is driven by two 35W low-noise rear-drive motors and powered by a 7AH rechargeable battery. Your child can cruise at either a low speed of 1.3mph or a max speed of 2.5mph. Recommended for ages: 37-72 Months. Overall Dimension: 41.4”(L) x 25.6”(W) x 20.5”(H); Weight Capacity: 72 LBS; Charge Time: 8-12 Hours; Running Time: 1-2 Hours.

Because these are historical offers, none should be treated as currently available. Any present-day quote needs fresh confirmation from the manufacturer or dealer, including the exact vehicle, location, expiration, inventory, credit conditions, and all costs.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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