November is one of the best months of the year in which to buy or lease a new car, provided you can settle for what will fast become last year’s goods. Automakers are leveraging special “Black Friday” sales incentives in the form of cash rebates, cut-rate financing, and discounted lease deals to help dealerships winnow down inventories of 2019 models, including electric cars.
We found deals on virtually all 2019 electric cars, with the exception of the Tesla models, which have yet to be offered with incentives (other than free unlimited Supercharging for Model S and Model X buyers), and the limited availability Honda Clarity Electric. Most are offered with affordable lease deals that come as cheap as just $109 a month for 36 months with $2,500 due at signing. Zero-percent financing is plentiful among electric cars this month and can be a real money-saver. One model is being promoted with an automatic 20 percent slashed off the manufacturer’s suggested retail price (MSRP).
And if you can hold out until the end of the month, dealerships will be gearing up their own Black Friday promotions to lure consumers into showrooms who are already in a spending mood.
We’re featuring the 11 best deals this month on electric cars from the 2019 model year, listed alphabetically in the above slideshow.
Note that that automakers’ incentives often vary by region to address local supply and demand issues, so be sure to check a manufacturer’s website to see what’s being offered where you live. You might also want to look for extra sweeteners later in the month that automakers may enact as last-minute Black Friday measures. We searched for deals using a Southern California Zip Code for the sake of consistency and because some new electric cars are only sold in California and perhaps one or more states that share its more-restrictive emissions standards.
Also, additional cash rebates may be granted to members of the military, first responders, and students or recent graduates. But take heed that low-rate financing programs and lease deals like the ones featured here are only available to borrowers who have top-tier credit scores. If your credit history is pockmarked with late payments you’ll probably be asked to pay more.
Another way to get a great deal on an electric car is to shop for a used model, like any of the pre-owned rides listed here on MyEV.com. With the exception of the Tesla models, which hold onto their values tenaciously, most electric cars are surprisingly affordable in the resale market.