Best Electric & Hybrid Lease Deals October 2026
Part of our monthly best lease deals coverage. See all vehicle types ranked.
The 2026 Mazda CX-90 PHEV is the best electrified lease deal in October 2026 at 0.94% LVR, $389 a month with $2,999 due at signing. The best fully electric lease is the Hyundai IONIQ 9 at 0.95%, one hundredth of a point behind.
Mazda moved the CX-90 PHEV from 1.09% to the top by cutting its due at signing by $6,110. Three deals now rate Good, up from two, and the field grew to 87 offers from 52. The new Toyota Land Cruiser leads the hybrids at 1.01%.
We ranked every advertised electric, plug-in hybrid and hybrid lease offer this month by Lease Value Ratio: your monthly payment plus due at signing spread evenly across the term, divided by the sticker price.
We review every advertised lease offer on electric, plug-in hybrid and hybrid vehicles each month and rank them by value against sticker price.- The Mazda CX-90 PHEV is the best electrified lease at 0.94% LVR after Mazda cut its due at signing from $9,109 to $2,999
- The Hyundai IONIQ 9 is the best fully electric lease at 0.95%, with the Kia Niro EV close behind at 0.96%
- The new 2027 Toyota Land Cruiser leads the traditional hybrids at 1.01%, and Toyota holds four of the top five hybrid spots
- The tracked field grew to 87 deals from 52: 39 full electric, 13 plug-in hybrid and 35 traditional hybrid
Best electric vehicle lease deals right now
Top 5 full electric picks for October 2026, ranked by Lease Value Ratio.
The IONIQ 9 is the best fully electric lease in October 2026 at 0.95%. Hyundai added $20 to the payment for a second month running, now $419 with $4,999 at signing, and the ratio slipped from 0.91%.
Three rows of seats on a $58,955 sticker is still the best value in the electric field. It sits one hundredth of a point behind the Mazda CX-90 PHEV for the top spot on this page.
The Niro EV carries the same deal for another month, $269 a month with $3,999 at signing, 0.96% Good.
It’s the lowest payment of any fully electric lease we track and one of only three electrified deals rated Good.
The EV9 slipped from 1.00% to 1.05% after Kia raised the due at signing from $3,999 to $4,999. The $439 payment is unchanged.
It’s still the second-best three-row electric SUV on the page, behind the IONIQ 9.
The i4 is new to our list at 1.13%, $549 a month with $4,849 at signing on a $60,700 sticker.
It’s the only luxury car in the electric top five and the best-rated electric luxury lease we track.
The Prologue holds the same terms as September, $339 a month with $5,099 at signing, and the same 1.20% ratio.
That’s right on the line between Fair and Average. At $39,900 it’s the cheapest sticker in this top five.
Best plug-in hybrid lease deals right now
Top 5 plug-in hybrid picks for October 2026, ranked by Lease Value Ratio.
The CX-90 PHEV is the best electrified lease of any kind this month at 0.94%. Mazda cut the due at signing from $9,109 to $2,999 and raised the payment $90 to $389.
That trade moved it from 1.09% and third among plug-ins in September to first overall. It’s a three-row plug-in hybrid on a $50,495 sticker.
The Sportage Plug-in Hybrid keeps its 1.04% rating on unchanged terms, $309 a month with $3,999 at signing.
It led the plug-ins in September and drops to second only because the CX-90 PHEV improved. It’s the cheapest payment in this top five.
Mazda restructured the CX-70 PHEV the same way as the CX-90. The payment rose to $357, the due at signing fell from $7,919 to $3,999, and the term went from 33 to 36 months.
The ratio barely moved, from 1.08% to 1.06%, but you now need far less cash on day one.
The Tucson Plug-in Hybrid carries the same $329 payment and $3,999 at signing as September.
A slightly higher listed sticker of $40,675 nudged the ratio from 1.10% to 1.08%.
The Sorento Plug-in Hybrid is unchanged at 1.12%, $429 a month with $3,999 at signing on a $48,290 three-row.
If you want plug-in range and a third row, it’s the alternative to the CX-90 PHEV. It costs $40 a month more with $1,000 more due at signing.
Best traditional hybrid lease deals right now
Top 5 traditional hybrid picks for October 2026, ranked by Lease Value Ratio.
The 2027 Land Cruiser is new this month and goes straight to the top of the hybrids at 1.01%. Toyota asks $449 a month with $4,999 at signing on a $58,180 SUV.
Every Land Cruiser uses Toyota’s i-FORCE MAX hybrid powertrain, which is why it’s listed here.
The hybrid Tacoma i-FORCE MAX debuts at 1.14%, $399 a month with $4,999 at signing.
It’s the best electrified pickup lease we track this month, two hundredths ahead of its bigger sibling, the Tundra.
The Tundra i-Force Max led the hybrids in September at 1.14%. A $10 payment increase to $539 moved it to 1.16% and third place.
It’s still the only full-size hybrid pickup with an advertised lease.
The 4Runner i-FORCE MAX is new to our list at 1.17%, $489 a month with $4,999 at signing on a $53,490 SUV.
That gives Toyota four of the top five hybrid leases this month, all of them i-FORCE MAX models.
The CR-V Hybrid is unchanged at 1.18%, $319 a month with $3,999 at signing over 39 months.
It’s the cheapest payment in this top five and the only hybrid here that isn’t a Toyota.
All EV and hybrid lease deals ranked
Every advertised electric, plug-in hybrid and hybrid lease offer reviewed this October, sorted by value ratio. Click any column header to sort.
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Sourced from manufacturer websites October 2, 2026. Offers vary by region and credit score. Value ratio = (monthly + at signing / term) / sticker x 100.
EV and hybrid leases we evaluated but did not recommend
Notable electrified offers that did not make the cut this month
- 2027 Mercedes-Benz EQS SUV (ratio: 1.91%) The worst electrified lease we track. $1,489 a month with $9,157 at signing on a $91,400 electric SUV works out to $1,743 a month in true cost.
- 2027 Mercedes-Benz EQE SUV (ratio: 1.89%) $1,059 a month with $6,994 at signing on a $66,400 sticker. The IONIQ 9 costs $640 less a month for a bigger electric SUV.
- 2026 Nissan Leaf (ratio: 1.81%) $459 a month with $4,019 at signing over 48 months on a $29,990 hatchback. The cheapest sticker in the electric field still carries one of its worst ratios.
How to evaluate any EV or hybrid lease deal
The 30-second deal check
An electrified lease is judged the same way as any other. A $229 payment on a $24,575 Toyota and a $389 payment on a $50,495 Mazda can’t be compared until you fold in the cash due at signing and the sticker price.
Take your monthly payment, add the amount due at signing divided by the number of months, then divide by the sticker price and multiply by 100.
Value ratio = adjusted monthly / sticker x 100
Real example from this list: the Toyota Corolla Hybrid advertises $229 a month, the lowest payment on the page.
Add $3,999 / 36 months = $111.
True comparison cost is $340 per month on a $24,575 car.
Ratio is 1.38%.
The Kia Niro EV at $269 + ($3,999 / 36) = $380 on a $39,700 sticker comes to 0.96%.
The cheaper advertised payment is the worse deal.
What the ratings mean
Every deal on this page gets a rating based on its Lease Value Ratio. Electric, plug-in and hybrid vehicles are all held to the same standard.
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