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The Best Electric SUV Lease Deals of 2024: A Historical Cost Comparison

A 2024 lease roundup shows why advertised EV SUV payments tell only part of the story: upfront cash, term, location, mileage, and fees matter.
From TheFinanceBase Team4 min to read

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Every 2024 lease offer listed here has expired; none should be treated as available today. In Electrek’s December 24, 2024 roundup, several SUVs had low advertised payments, but the estimated monthly cost rose once the upfront amount was spread across the lease term. For a fair comparison, look at payment, term, cash due at signing, mileage allowance, location, and fees—not the monthly teaser alone.

What the advertised 2024 offers actually cost

The table compares the examples published by Electrek on December 24, 2024. Its effective monthly figures are the source’s reported amounts, not a new calculation; the source does not establish that every offer includes the same fees or uses an identical calculation method. The offers are a curated snapshot, not a complete ranking of every vehicle, trim, market, or month.

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 consistently: the source 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 offer roundup. The IONIQ 5 term is internally inconsistent in that article, so its figures should not be used as a verified term-specific comparison.

Why the lowest monthly payment may not be the cheapest lease

The advertised payment leaves out the effect of cash due at signing. Electrek’s reported effective monthly costs illustrate the gap: its $159-per-month EV6 example was reported at $319 per month after accounting for upfront costs, while the $299-per-month Equinox EV example was reported at $431 per month. These are the source’s figures, and the comparison should not be treated as a standardized all-in quote because its fee treatment is not established as uniform.

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#1 Best Overall
Sale
ELEMARA Licensed Mercedes-Benz AMG G63 Ride on Toys,Electric Car for Kids W/Parents Control,Electric Powered G Wagon Ride On Truck Toy,Low Battery Prompt,Bluetooth,Flickering Lights/LED Lights, White
  • [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.

For your own comparison, write down the complete lease terms and calculate a consistent figure. A simple cash-flow measure is (monthly payment × number of months + cash due at signing) ÷ number of months. That includes only the stated upfront cash; it is not a full lease cost if taxes, registration, acquisition charges, dealer fees, or other costs are excluded or treated differently. Separate refundable deposits and charges you would pay regardless of the lease when comparing quotes, and confirm exactly what each due-at-signing figure covers.

Offers changed by date, location, and mileage

A separate February IONIQ 5 snapshot

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, MSRP of $47,035, and 10,000 miles per year. CarsDirect said the offer included $10,000 in lease cash. This February offer is a separate dated example; it is not the same offer as Electrek’s December listing and should not be combined with it.

Rank #2
Sale
ELEMARA 2 Seater 24v Ride on Toys for Big Kids,Mercedes Benz G-Class G500 Electric Car for Kids,4WD Ride on Car with Remote Control,Battery Powered SUV,Bluetooth,Music& Horn,Low Battery Prompt,Black
  • [Officially Licensed Mercedes-Benz G500 Luxury]Experience the pinnacle of kids' electric vehicles with this officially licensed Mercedes G-Class G500.Featuring the iconic tri-star emblem and an authentic matte finish,this toddler car​delivers a true-to-life luxury vibe.it’s a statement piece designed to turn heads in your driveway and make your child feel like a VIP driving a real electric car for kids.
  • [24V 4WD Powerful Performance]Equipped with a robust 24V battery and four powerful motors.Compared to standard 24V 2WD models,the 4WD system provides superior stability and traction,allowing to conquer grass,gravel,and asphalt with ease. This ride on car​ensures a thrilling yet smooth adventure for your little explorer.
  • [Spacious 2 Seater for Social Play[Designed as the ultimate 2 seater ride on car for big kids, it features a wide seat with safety belts,comfortably accommodating two toddlers or siblings. With a max load capacity of 130 lbs, this is the perfect 24v ride on toys​for multi-child families.It’s a social magnet that encourages sharing and turns your backyard into a hub for neighborhood friends.
  • [Driving Modes & Parental Remote]This kids ride on toys offers 2-speed options: 3 and 4.5 mph,Let child take the wheel in manual mode to develop coordination,or switch to parental remote control for safety(Remote control speed: 3 mph- 4 mph- 4.5 mph).The remote priority function allows parents to override the kids ride on car at any time, ensuring peace of mind while kids enjoy their independence. Perfect ride on toys for kids 3-8​who are ready to explore.
  • [High Quality and Safety]Crafted from non-toxic PP plastic and iron, this kids electric car​is built to last.It features a unique console,equipped with scrollable illuminated strips,giving the impression of being in a real cockpit.. Packed with Bluetooth, built-in music, and low-battery alerts,these carros eléctricos para niños offer endless entertainment and safety features in one sleek package.

Source: CarsDirect’s February 21, 2024 report.

Geography could change the quote

Electrek’s roundup described an Ariya example at $99 per month in Colorado and $169 per month in New York. That difference is a reminder that a national headline—or an offer seen in another state—may not match a local dealer’s terms. The cited figures are historical examples, not evidence of a current regional offer.

Mileage and eligibility belong in the comparison

An advertised payment applies to its stated mileage allowance and qualification rules. The February IONIQ 5 report specified 10,000 miles per year. A different allowance can change the quote, and credit approval, inventory, taxes, fees, and the exact trim can also affect what a shopper is offered. Tesla’s current leasing guidance says estimated payments exclude taxes and fees and are subject to underwriting; that is process guidance, not proof of the terms of its 2024 Model Y example.

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Rank #3
Sale
TRINEAR 12V Ride on Toys for Kids with Parent Remote Control, Black
  • Unleash Endless Fun with Our 12V Ride On Truck Car: Designed for electric car for kids enthusiasts aged 3-5, this electric truck offers a thrilling experience. With a remote control cars feature, parents can ensure safety while kids explore the world of kids ride on car adventures. The safe electric car is built with durability and ease of assembly, making it a perfect car for kids with parent remote.
  • Engaging Fun for Little Drivers: This electric car for kids comes equipped with LED lights, a music player, and a smooth ride on car experience. The remote control ride on car allows for interactive play, while the battery car for kids ensures hours of fun. It’s more than just a kid car - it’s a gateway to imaginative adventures and developmental growth.
  • All-Terrain Exploration with Big Wheels: Designed for outside toy, this ride on toys with parental remote features a spring suspension system and large, durable tires. Whether it’s the backyard, the park, or a gravel path, this truck car for kids handles various surfaces with ease, making it a versatile ride on truck for kids. The big wheels for kids ensure stability and control, perfect for riding cars for kids.
  • Dual Control Modes for Growing Drivers: This car offers dual control modes, allowing parents to steer with the remote control toys while kids learn to drive. As your child grows, they can take the wheel, transitioning from a remote control car ride on to independent driving. It’s a electric car with parent remote designed to grow with your child.
  • Easy Assembly & Durable Design: This electric car for kids is designed with parents in mind, featuring easy assembly and a durable battery life. The ride on toys for kids are built to last, ensuring years of fun and adventure. Whether it’s a birthday gift or a special treat, this car to ride in is a thoughtful and practical choice.

Source: Tesla’s leasing guidance.

What market averages tell you—and what they do not

Experian Automotive’s State of the Automotive Finance Market for Q2 2024 reported average lease payments 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 leasing and financing across all EV models. These are market-level figures, not promotional quotes for a particular trim, location, credit profile, or buyer. They provide context for the period, but they do not establish that a specific deal was good for an individual shopper.

Source: Experian Automotive, State of the Automotive Finance Market Q2 2024.

Rank #4
Sale
ANPABO 12V 7AH Licensed Mercedes-Benz G63 Electric Car for Kids, White
  • [Licensed Mercedes Benz G63] Featuring the iconic grille for which Mercedes Benz is known, this g wagon electric car for kids is perfect for little ones who want to cruise indoors or outdoors in style. Driving in a luxurious and powerful car is now a joy you can pass on to your child with a miniature version of your favorite ride
  • [Premium Performance] Powered by two 35W high-performance motors and an upgraded 12V 7AH rechargeable battery (55% capacity higher than the standard 12V 4.5Ah on the market), this kids' electric vehicle can go up to 3mph. The wheels with tread will provide greater grip, besides flat roads, it's also very suitable for driving on dense grass or asphalt road
  • [Parent Remote & Manual Mode] By using the parent remote control, parents can either stop the kids car in an emergency or completely control it remotely, especially for younger kids or daredevils. The manual mode would be more enjoyable for kids who love independent steering driving fun
  • [Safety is Top Priority] Except for the remote control, this ride on toys also comes along with many other safety features. Only when the power switch is on can the kids car be started, which prevents accidental startups. The safety belt and soft start design prevent kids from being startled by a sudden acceleration. The spring suspensions ensure super smooth rides
  • [Connecting Kids World] For precocious youngsters who could hardly wait to drive by themselves, this electric car for kids can be the very opportunity for its' every single detail: headlights, horn and engine sounds, realistic pedal acceleration, smooth steering. In addition to the built-in songs, this ride-on car supports USB or Bluetooth connection to play songs kids love. It makes the perfect gift for birthday or any milestone celebration
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How to evaluate a lease offer before signing

  1. Confirm the vehicle and location. Match the model year, trim, dealer, and ZIP code to the offer; ask whether the advertised vehicle is actually in inventory.
  2. Get the full quote in writing. Record the monthly payment, lease length, mileage allowance, due-at-signing amount, taxes, acquisition and dealer fees, and any required down payment or trade-in.
  3. Check qualifications and expiration. Ask which credit tier or other eligibility assumptions apply, what incentives are included, and the offer’s expiration date.
  4. Normalize the costs. Compare quotes using the same term, mileage, and fee assumptions. If you calculate an effective monthly cash outlay, disclose which upfront charges you include rather than treating the result as an all-in cost.
  5. Assess the vehicle separately. Lease payment evidence alone cannot rank range, charging, cargo space, equipment, or overall value. Compare those needs using reliable specifications and a vehicle that matches the quoted trim.

What the 2024 roundup cannot establish

The examples are useful for understanding the shape of advertised offers, but they do not provide a like-for-like evaluation of every SUV. The available figures do not consistently establish mileage, taxes and fees, qualification assumptions, expiration dates, inventory status, or the fee treatment behind each reported effective monthly amount. Nor do they support a vehicle-quality ranking based on range, charging, cargo, or equipment. Verify those details against a written dealer quote before relying on any lease calculation.

Electrek also noted that a Ford Power Promise at the time included a free Level 2 home charger and standard installation. That was a historical promotion in its December 2024 coverage, not a current benefit or a specific charger recommendation.

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Best Value
Winado 12V Licensed Chevrolet Colorado Electric Ride on Car for Kids, Pink
  • Licensed Chevrolet Design: Electric car for kids is officially licensed, Chevrolet ride-on car features the same styling as the real car, such as a racing steering wheel, slim body, smooth lines, 2-speed, dual door safety locks and LED lights for a realistic driving experience for your little one
  • Dual Control Methods: Kids electric car supports pedal operation and remote control operation. Remote control operation supports 3 speed switching, which improves the safety of children
  • Enhanced Entertainment Features: Toy cars for toddlers comes with Bluetooth functionality and a built-in music player, allowing kids to play their favorite songs and stories on outdoor trips, with real speaker sound on the steering wheel to make the experience even more enjoyable
  • Advanced Safety Features: Electric car is equipped with soft start, rear wheel shock absorbers, and a safety belt design, lockable double doors, and ASTM and CPSIA certified. All functions are ready for children's safe travel
  • Age Appropriate Specifications: Ride on car is suitable for children over 3 years old, can bear a maximum weight of 66LBS, is equipped with 2x25W motors and a rechargeable battery, and only needs to be fully charged for 8-12 hours for 1 hour of play

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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