EV Leasing in 2025: How to Find the Best Deal (UK & US)
A practical, data-backed guide to finding the best Tesla and EV lease deals in 2025 — and how to track your contract and mileage easily with Leasy.
Quick summary
- UK used-EV leasing is up 166% year-on-year, with Tesla deals now starting around £300/month.
- In the US, the EV lease tax-credit “loophole” has expired, so fewer leases now qualify for federal incentives.
- Leasy helps drivers track mileage and lease terms automatically — preventing overage fees and end-of-contract surprises.
EV Leasing: Why It’s Gaining Momentum
Electric-vehicle leasing is fast becoming the go-to route for EV adoption. High purchase prices, flexible terms, and new incentives make it attractive — but the right deal depends on timing and awareness.
UK: The British Vehicle Rental & Leasing Association (BVRLA) reports used-EV leases up 166% year-on-year in 2025, with salary-sacrifice contracts up 7,000%.
Sources: Transport & Energy, Fleet News, The GuardianUS: More than 40% of EVs were leased in 2024 thanks to a tax-credit workaround under the Inflation Reduction Act.
That benefit ends after September 2025, reducing future discounts unless manufacturers adjust pricing.
Source: Kiplinger
Why it matters:
In the UK, leasing — especially for used Teslas — offers affordability and low BIK tax. In the US, locking in before policy shifts can save thousands.
Regional considerations
United Kingdom:
The average new EV costs about £50,000, but leasing spreads that cost — and salary-sacrifice programs can make it tax-efficient. Benefit-in-kind (BIK) rates remain low (2–5%) through 2027.United States:
Federal EV tax credits can still be passed through on leases, but the so-called lease loophole expires soon. Several states (CA, CO, NY) continue to offer rebates or HOV access for leased EVs.
Action plan
Compare lease prices actively — Tesla UK lease rates have fallen up to 40%, with Model 3 offers from around £301/month and Model Y from £749/month.
Sources: EV Powered, Silverstone Leasing, Tesla UK SupportCheck current incentives — The 2025 tax-credit workaround ended, but many lenders still pass through credits or offer subsidized rates. Ask for the updated lease cash equivalent.
Plan and track your mileage — Use Leasy’s automatic mileage tracker to monitor monthly mileage and flag overuse. Drivers who track their lease mileage save up to £400 on end-of-term penalties on average.
Compare used-EV leases — UK used-EV contracts are cheaper, and lessors now manage depreciation risk. Perfect for Tesla Model 3s returning from two-year fleets.
Reassess annually — As technology and incentives evolve, shorter (24–36 month) terms keep you flexible.
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Practical checklist
| Key factor | What to check | Why it matters |
|---|---|---|
| Monthly payment | Includes VAT (UK) or fees (US) | True cost transparency |
| Upfront deposit | Some leases offer £0 deposit | Low entry cost |
| Mileage allowance | Typical 10–30k mi/year | Avoid overage fees |
| Term length | 24–48 months | Balance flexibility and value |
| Maintenance & warranty | Included? | Predictable ownership cost |
| Tax incentives | BIK (UK) / IRA credits (US) | Major cost lever |
| Early termination | Fees or upgrade paths | Avoid surprises |
| Tracking | Use Leasy for reminders | Stay compliant and on budget |
Real-world Tesla example (UK)
Tesla Model 3 RWD – 24 months, 10k miles/year
- From £300/month incl. VAT
- No deposit
- Free UK delivery
- Standard Tesla warranty
Sources: EV Powered, Silverstone Leasing, October 2025
This marks a ~40% price cut versus late 2024, making Tesla’s entry model one of the most cost-effective EV leases in the market.
Final thoughts
- UK drivers: explore used and salary-sacrifice leases now — growth and competition are creating exceptional value.
- US drivers: compare manufacturer lease cash, passthrough credits, and dealer markdowns now that the 2025 loophole closed—rates vary widely by brand and state incentives.
- Leasy users: track your lease and mileage automatically — and avoid end-of-term surprises.
Track your lease, stay compliant, and never miss a mileage limit — download Leasy’s GPS mileage tracker and start your free trial today. Ready to lease? Compare the latest Tesla and EV deals here Need help managing your lease? Check out Leasy’s smart mileage projections and reminders.