Best Electric & Hybrid Car Finance Deals for May 2025
Navigating EV, hybrid, and plug-in finance options can be complex, but we’re here to simplify it for you.
We’ve discovered the best finance deals for these fuel-efficient vehicles, including 0% APR and low-interest options, to ensure a hassle-free purchase.
Our selection of top finance deals in the EV, hybrid, and plug-in categories, emphasizing affordability and value, aims to make your car buying journey smoother and more budget-friendly.
Are EV tax credits still available? Check out our simple guide on EV tax credits and see which models still qualify.
Car Deals Aren’t The Only Way to Save!
Current Electric & Hybrid Car Finance Deals: Top Picks
Below is a list of some of the best finance deals on EVs, PHEVs, and hybrid vehicles right now. Most are at 0% APR and include a sizeable cash back bonus.
1. 2025 Nissan Leaf
Finance Deal: 0.0% APR for 72 months
2. 2024 Kia Niro EV
Finance Deal: 0.0% APR for 72 months plus $1,000 in bonus cash
3. 2025 Volkswagen ID.4
Finance Deal: 0.0% APR for 72 months
4. 2025 Nissan ARIYA
Finance Deal: 0.0% APR for 72 months
5. 2024 Mitsubishi Outlander Phev
Finance Deal: 0.0% APR for 48 months
| Year | Make | Model | Best Avail. APR | Length | Cash Bonus | Expiration | Check Prices |
|---|---|---|---|---|---|---|---|
| 2025 | Nissan | Leaf | 0.00% | 72 months | 6/2/25 | Check Prices | |
| 2024 | Kia | Niro EV | 0.00% | 72 months | $1,000 | 6/2/25 | Check Prices |
| 2025 | Volkswagen | ID.4 | 0.00% | 72 months | 6/2/25 | Check Prices | |
| 2025 | Nissan | ARIYA | 0.00% | 72 months | 6/2/25 | Check Prices | |
| 2024 | Mitsubishi | Outlander Phev | 0.00% | 48 months | 6/2/25 | Check Prices |
Best Electric Car Finance Deal
Here is our top pick for the best finance deal on a fully electric vehicle (EV) for the month of May.
Top Pick: 2024 Kia Niro EV
Finance Deal: 0.00% APR for 72 months plus $1,000 in bonus cash.
Best Plug-in Hybrid Finance Deal
Here is our top pick for the best finance deal on a Plug-in hybrid vehicle (PHEV) for the month of May.
Top Pick: 2024 Mitsubishi Outlander Phev
Finance Deal: 0.00% APR for 48 months
Best Hybrid Car Finance Deal
Here is our top pick for the best finance deal on a hybrid vehicle (HEV) for the month of May.
Top Pick: 2024 Honda Accord Hybrid
Finance Deal: 1.99% APR for 24-36 months
>> Check Honda Accord Hybrid Prices <<
Get Your EV Questions Answered
Thinking about buying an electric car or truck but intimidated by all the jargon?
– Where can you charge on the road?
– What do you need to charge at home?
– What EV incentives are available in your state?
What to Consider Before Financing an EV
The first thing you must do is consider which type of EV you would like. Here are the different types of EVs:
- EV. This type of EV gets all of its power from the electric grid. You must plug it in to charge it, and then it derives all of its energy from that charge. It has 0 emissions.
- PHEV. Plug-in hybrid electrical vehicles contain an engine and electric motor. They have a larger battery than hybrids and can charge via the grid. However, they recharge their battery through regenerative braking.
- Hybrid. A hybrid needs an electric motor and a gasoline engine to power the car. They offer far better fuel efficiency than a regular car because there are times when the electric motor does all or part of the work. The high-voltage battery pack is replenished during deceleration via a regenerative braking system.
EV Features
Before buying an EV vehicle, consider the following features:
- Range. The range is how far the car lasts on a full charge. Many times, the range is between 200 and 300 miles. Do you typically commute under 20 miles to work? Or do you frequently take very long road trips? Evaluate your typical driving patterns to assess a range that works best for you.
- Cost of Ownership. Buying an EV is more expensive than buying a gasoline car upfront. However, they are often far less expensive to drive and maintain, leading to cost savings over time. Regardless, you must still consider your budget when buying an EV.
- Charging Locations. Think about where you will charge your vehicle. Many people with their own garage tend to charge at home most often. However, you should also research nearby charging locations and chargers on your routes.
- Battery Life. The battery is one of the most important and most expensive parts of an EV. Consider the battery life, looking for one with a long life.
How to Get the EV Tax Credit
Tax credits are available to offset the cost of purchasing an EV. A federal EV tax credit allocates up to $7,500 for electric and plug-in hybrid vehicles purchased after 2010.
The federal tax credit is based on the capacity of the vehicle’s battery pack, not the cost of the vehicle. You claim the credit to reduce your federal tax liability on your income tax for the year you purchase the EV.
Many states also offer EV incentives, which can yield thousands of dollars in savings as well. Research the local incentives in your state to learn which purchases qualify and how to claim the incentives.
Read this post for more information about EV tax credits and for a full list of incentives by state and model.
Don’t Choose a Car Based Only on Incentives
Use my free service to get the BEST PRICES from several dealers at once.
These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.
