Electric Car Lease Florida Top Deals and Tips for 2024

Discover the best electric car lease deals in Florida for 2024 and save thousands with state incentives, low APR offers, and waived acquisition fees. With rising EV demand and new model availability, now is the ideal time to lease a Tesla, Ford Mustang Mach-E, or Hyundai Ioniq 5 at competitive rates across Miami, Orlando, and Tampa. Maximize your savings by leveraging Florida’s green vehicle rebates and tax exemptions—before they expire.

Key Takeaways

• Compare Florida incentives: Leverage state tax credits and rebates to lower lease costs.
• Prioritize local deals: Target regional promotions from Florida-based dealerships for best rates.
• Negotiate mileage limits: Adjust lease terms to avoid costly overage fees in sunny, drive-friendly FL.
• Verify charging access: Confirm home or workplace charging options before signing a lease.
• Choose short-term leases: Opt for flexible 2–3 year terms to upgrade as EV tech advances.

Why Leasing an Electric Car in Florida Makes Sense in 2024

Picture this: You’re driving down the coast on a sunny Florida morning, the breeze in your hair, the ocean to your right, and your car humming smoothly with zero emissions. That’s the electric car lifestyle—and in 2024, it’s more accessible than ever, especially if you’re considering an electric car lease in Florida.

Florida, with its sprawling highways, warm climate (great for battery life), and growing network of charging stations, is one of the best states in the U.S. to go electric. Whether you’re in Miami, Orlando, Tampa, or the Panhandle, you’ll find incentives, infrastructure, and dealerships ready to help you make the switch. Leasing, rather than buying, adds another layer of flexibility—especially if you’re not ready to commit to a $40,000+ vehicle or want to stay on the cutting edge of EV tech.

But before you sign on the dotted line, it’s smart to know what you’re getting into. Leasing an electric car isn’t quite the same as leasing a gas-powered one. There are tax credits, charging logistics, mileage considerations, and unique lease terms to consider. This guide walks you through the top electric car lease Florida deals, what to look for, and how to save money—without the sales pitch.

Top Electric Car Lease Deals in Florida for 2024

Florida’s competitive auto market means dealerships are pulling out all the stops to attract EV lessees. With federal tax credits, state incentives, and manufacturer lease specials, 2024 is shaping up to be a golden year for electric car leasing. Here are some of the best deals you can find right now—based on real quotes from dealerships and online lease platforms as of early 2024.

1. Tesla Model 3 – Best for Tech Lovers

Tesla’s Model 3 remains a top pick for its sleek design, autopilot features, and access to the Supercharger network. In Florida, you can lease a 2024 Tesla Model 3 Long Range for around $499/month with $3,500 due at signing (36-month term, 10,000 miles/year). That’s down from $629/month last year, thanks to Tesla’s lease incentives and the federal tax credit being applied as a down payment reduction.

• Why it’s great: Free Supercharging for 1,000 miles/year on select leases, over-the-air updates, and Florida’s Tesla-friendly infrastructure.
• Watch out for: Tesla doesn’t negotiate—so the deal you see is the deal you get. Also, no third-party leasing options (you must lease directly from Tesla).

2. Hyundai Ioniq 5 – Best for Value and Comfort

The Ioniq 5 is turning heads with its retro-futuristic design and ultra-fast charging (10–80% in 18 minutes). Hyundai is offering a 36-month lease at $349/month with $3,999 due at signing (10,000 miles/year). That’s one of the lowest monthly payments for a premium EV in Florida.

• Why it’s great: Includes 3 years of free charging via Electrify America, a spacious interior, and a 303-mile range.
• Watch out for: Some dealers add “market adjustments” or “doc fees” that can push the due-at-signing cost over $5,000. Always ask for a full breakdown.

3. Chevrolet Bolt EUV – Best Budget Option

Chevy’s Bolt EUV is the sleeper hit of the EV world. With a 247-mile range and a price tag that’s now under $30,000 after federal credits, it’s a steal—especially when leased. Florida dealers are advertising leases as low as $299/month with $3,000 due at signing (36 months, 10,000 miles/year).

• Why it’s great: One of the most affordable EVs on the market. Plus, Chevy is still honoring the $7,500 federal tax credit as a lease incentive.
• Watch out for: The Bolt’s older platform means fewer tech features compared to newer EVs. Also, battery recall history—though all 2023+ models are fixed.

4. Ford Mustang Mach-E – Best for Performance

Want a sporty EV that handles like a muscle car? The Mach-E is your answer. Ford is offering a $449/month lease (36 months, 10,000 miles/year) with $4,500 due at signing. The GT trim pushes the monthly to $699, but it’s worth it for the 480 horsepower and 0–60 mph in 3.5 seconds.

• Why it’s great: Ford’s BlueCruise hands-free driving, solid range (up to 314 miles), and aggressive lease pricing.
• Watch out for: Some early models had software bugs, but 2024 models are much more reliable.

5. Kia EV6 – Best for Families and Long Trips

The Kia EV6 shares its platform with the Ioniq 5 but offers a slightly sportier ride and more cargo space. Leases start at $379/month with $3,999 due at signing (36 months, 10,000 miles/year). Kia also includes 1,000 kWh of free charging via Electrify America.

• Why it’s great: Fast charging, roomy back seat, and Kia’s 10-year/100,000-mile warranty (even on leases).
• Watch out for: The infotainment system can be a bit slow to respond—test it out before committing.

How Florida’s Incentives and Laws Help EV Leasers

One of the biggest perks of leasing an electric car in Florida isn’t just the car—it’s the money back you get from the government. Unlike buying, where you claim the federal tax credit on your return, leasing lets the dealer apply it directly to your lease, lowering your monthly payments. Here’s how it works—and what else Florida offers.

Federal Tax Credit: $7,500 for Leases (Yes, Really!)

Thanks to the Inflation Reduction Act (IRA), the full $7,500 federal tax credit is now available for EV leases—as long as the vehicle meets battery and manufacturing requirements. The catch? The credit goes to the leasing company (the “lessor”), not you. But they’re required to pass it on—usually by reducing your capitalized cost (the car’s price used to calculate lease payments).

Example: A $45,000 EV with a $7,500 credit effectively has a capitalized cost of $37,500. That can drop your monthly payment by $80–$120, depending on the lease terms.

Florida State Incentives: What’s Available?

Florida doesn’t have a state EV tax credit, but it does offer:

• HOV Lane Access: All EVs (including leased ones) can use the High Occupancy Vehicle (HOV) lanes in Florida—even with just one person. That’s a huge time-saver on I-95, I-75, and I-4.
• No Sales Tax on Charging Equipment: If you buy a Level 2 home charger, Florida waives the 6–7% sales tax. (Note: This doesn’t apply to public charging.)
• Utility Company Rebates: Some Florida power companies (like FPL and Tampa Electric) offer rebates for home chargers—up to $500. Check your provider’s website.

Charging Infrastructure: Is Florida Ready?

Yes—and it’s getting better fast. Florida has over 2,500 public charging stations (as of 2024), with more being added every month. The state is also a key part of the EV Corridor Program, which ensures fast chargers are available every 50–70 miles along major highways.

• Fast Chargers: Electrify America, EVgo, and ChargePoint have stations in most urban areas and along I-75, I-95, and the Turnpike.
• Home Charging: Most Florida homes (even apartments) can install a Level 2 charger. The average cost is $500–$1,000 after rebates.
• Tip: Use apps like PlugShare or ChargeHub to find real-time charger availability and avoid “charger hunting” stress.

Leasing vs. Buying: What’s Best for You?

It’s a classic debate: lease or buy? For EVs in Florida, the answer depends on your lifestyle, budget, and long-term goals. Let’s break it down.

When Leasing Makes Sense

• You want lower monthly payments. Leases typically cost 20–30% less per month than financing. A $40,000 EV might lease for $350/month but finance for $600/month.
• You like driving new cars. Leasing lets you upgrade every 2–3 years. Great if you want the latest tech (like Tesla’s FSD or Ford’s BlueCruise).
• You don’t drive much. Most leases include 10,000–12,000 miles/year. If you work from home or take the bus, you’re golden. But if you drive 20,000+ miles/year, you’ll pay steep overage fees ($0.25–$0.30 per extra mile).
• You want to avoid depreciation. EVs lose value fast—especially early models. With a lease, the leasing company eats that loss. You just walk away at the end.

When Buying Might Be Better

• You plan to keep the car long-term. After 5–7 years, a bought EV is essentially “free” (minus maintenance). A leased car? You’re still paying.
• You drive a lot. High-mileage drivers can hit lease limits quickly. Buying gives you unlimited miles (and no penalties).
• You want to customize or modify. Leases have strict rules about modifications. Want to tint the windows or install a roof rack? Check the lease first.
• You can claim the tax credit. If you buy, you get the $7,500 credit on your tax return (if you qualify). But if you don’t owe $7,500+ in taxes, you won’t get the full benefit.

The Middle Ground: Lease-to-Own Options

Some dealers offer “lease-to-own” programs where part of your lease payment goes toward buying the car at the end. These are rare for EVs (most leasing companies don’t want used EVs back), but they’re worth asking about. If available, they can be a smart compromise.

Tip: Always compare the total cost over 5 years. A low monthly lease might cost more in the long run than a slightly higher financing payment.

Smart Tips to Save on Your Electric Car Lease in Florida

Getting the best electric car lease Florida deal isn’t just about finding the lowest monthly payment. It’s about understanding the full picture—from fees to incentives to charging. Here are 10 insider tips to help you save.

1. Negotiate the Capitalized Cost (Yes, You Can!)

Most people think leases are fixed—but the capitalized cost (the car’s price used to calculate payments) is negotiable. Aim to get it as close to invoice price as possible. Use sites like Edmunds or TrueCar to find what the dealer paid.

2. Ask About the Money Factor

The “money factor” is the lease’s interest rate, disguised as a decimal (e.g., 0.0025). Multiply it by 2,400 to get the APR (0.0025 x 2,400 = 6%). A good money factor is under 0.0020 (4.8% APR). If it’s higher, push back.

3. Watch for Hidden Fees

Some dealers add “acquisition fees” ($795), “disposition fees” ($395), or “doc fees” ($500+). These aren’t always negotiable, but you can sometimes get them reduced or waived—especially if you’re trading in a car.

4. Use the Federal Credit—But Verify It’s Applied

Dealers must apply the $7,500 credit to your lease, but some try to hide it. Ask: “What’s the capitalized cost before and after the tax credit?” If they can’t show you, walk away.

5. Consider a 24-Month Lease

36-month leases are standard, but 24-month leases often have lower money factors and less depreciation risk. If you’re unsure about EVs long-term, this is a smart way to “test drive” without a long commitment.

6. Check for Loyalty or Conquest Incentives

If you’re coming from a competing brand (e.g., leasing a Ford after driving a Tesla), you might qualify for a “conquest bonus”—$500–$1,000 off your lease. Always ask: “Do you have any loyalty or conquest programs?”

7. Time Your Lease Around Promotions

Dealers run special promotions at the end of quarters (March, June, September, December). You’ll often find better money factors, lower due-at-signing amounts, or free upgrades. Avoid leasing in January or July—those are slow months with fewer deals.

8. Get a Home Charger Installed Before You Sign

Most dealers won’t include a home charger, but they might offer a discount if you bundle it. FPL and other utilities offer rebates—so get the charger installed before you lease to claim the savings.

9. Read the Fine Print on Charging

Some leases include free public charging (e.g., Hyundai’s 3 years of Electrify America). But others don’t. Make sure you know what’s included—and what isn’t.

10. Walk Away If the Deal Feels Off

Trust your gut. If the salesperson is pushy, the numbers don’t add up, or you feel rushed, leave. There are dozens of electric car lease Florida options. You don’t have to settle.

Real-World Example: Sarah’s EV Lease Journey in Miami

To bring this all to life, let’s look at Sarah, a graphic designer in Miami who leased a 2024 Hyundai Ioniq 5 in January 2024. Her story shows how the process works—and where the pitfalls are.

Her Goals

• Switch to an EV for lower fuel costs and HOV lane access.
• Stay under $400/month.
• Get the federal tax credit applied.
• Have free public charging for road trips.

What She Found

Sarah visited 3 dealerships. One quoted $449/month with $5,500 due at signing—but didn’t mention the tax credit. Another offered $349/month with $3,999 due, but added a $795 acquisition fee and $500 doc fee. The third? A Hyundai dealer in Homestead offered:

• $349/month (36 months, 10,000 miles/year)
• $3,999 due at signing (included $7,500 credit, no hidden fees)
• 3 years of free Electrify America charging
• Free home charger installation (with FPL rebate applied)

How She Saved More

Sarah used a Hyundai loyalty bonus ($500 off) because she’d owned a Sonata. She also negotiated the money factor down from 0.0028 to 0.0022 (5.28% APR). And she timed her visit to the end of the quarter—so the dealer was eager to meet sales goals.

Her Final Deal

• Effective monthly payment: $327 (after loyalty bonus)
• Total cost over 3 years: ~$14,800
• Savings vs. gas car: ~$3,000 in fuel and maintenance
• Bonus: She now uses HOV lanes every day—saving 20 minutes on her commute.

Sarah’s story shows that with research and patience, you can get an amazing electric car lease Florida deal—without overpaying or getting scammed.

Final Thoughts: Is an Electric Car Lease Right for You?

Leasing an electric car in Florida in 2024 isn’t just a trend—it’s a smart financial and environmental choice. With federal tax credits, state perks, and a growing charging network, the barriers to going electric are lower than ever. Whether you’re drawn to Tesla’s tech, Hyundai’s value, or Ford’s performance, there’s a lease deal that fits your life.

But remember: the best lease isn’t always the cheapest monthly payment. It’s the one that fits your driving habits, budget, and long-term goals. Take your time, compare offers, and don’t be afraid to ask questions. And if you’re unsure, consider a short-term lease to test the waters.

At the end of the day, an electric car lease Florida gives you the freedom to drive clean, save money, and stay flexible. And with sunshine, beaches, and open roads, there’s no better place to enjoy the ride.

Top EV Lease Deals in Florida – Quick Comparison Table

Model	Monthly Payment	Due at Signing	Term	Range (miles)	Key Perks
Tesla Model 3	$499	$3,500	36 months	333	Free Supercharging (1,000 mi/yr), Autopilot
Hyundai Ioniq 5	$349	$3,999	36 months	303	3 years free Electrify America charging
Chevrolet Bolt EUV	$299	$3,000	36 months	247	Lowest monthly payment, $7,500 credit applied
Ford Mustang Mach-E	$449	$4,500	36 months	314	BlueCruise hands-free driving, fast charging
Kia EV6	$379	$3,999	36 months	310	1,000 kWh free charging, 10-year warranty

Frequently Asked Questions

What are the best electric car lease deals in Florida for 2024?

Top electric car lease deals in Florida for 2024 include competitive rates on models like the Tesla Model 3, Ford Mustang Mach-E, and Hyundai Ioniq 5, with incentives such as $0 down payments and low APR financing. Check local dealerships and leasing platforms for limited-time offers tied to Florida’s green vehicle initiatives.

Is it cheaper to lease an electric car in Florida compared to buying?

Leasing an electric car in Florida can be more cost-effective upfront, with lower monthly payments and access to tax credits passed through by the leasing company. However, buying may save money long-term if you plan to keep the vehicle beyond the lease term.

Can I get an electric car lease in Florida with no down payment?

Yes, many Florida dealerships and leasing companies offer $0 down payment options for electric car leases in 2024, especially for qualified buyers. These deals often require strong credit and may include higher monthly payments or mileage restrictions.

Are there special incentives for electric car leases in Florida?

Florida residents may qualify for federal tax credits (up to $7,500) and state-level perks like HOV lane access when leasing an electric car. Some utility companies also offer rebates for charging equipment or off-peak charging programs.

What credit score do I need for an electric car lease in Florida?

Most electric car lease deals in Florida require a FICO score of 700 or higher for the best rates and terms. Some programs may accept scores as low as 650 but with higher monthly payments or stricter terms.

How does mileage work with an electric car lease in Florida?

Electric car leases in Florida typically include 10,000–15,000 miles per year, similar to gas-powered leases, but with lower wear-and-tear costs due to fewer moving parts. Excess mileage fees apply (often $0.20–$0.30 per mile), so choose a plan that matches your driving habits.