New data from Experian reveals average monthly loan and lease payments on top EVs
Ever wonder how much your neighbor might really be paying for that shiny new BMW i4 in the driveway? Well, thanks to data from Experian in the company’s Q2 2025 State of the Automotive Finance Market report, now, you’ll have a good idea. The report breaks down what customers are paying for some of the top-selling EVs, and some of the numbers might surprise you.
Tesla Model 3 and Model Y
Nearly 60% of all Model 3 drivers choose to lease, which is lower than most other models. However, the car’s dominance in the space is such that Model 3 leases still made up 18.55% of all EV leases in Q2 2025. On average, drivers’ payments cost $616 per month when financing. Opting for a lease in Q2 2025 made for a much lower monthly payment of around $395. The sedan’s solid performance and range make it a safe bet, and it’s obvious why customers would flock to it.
Despite over 70% of Model Y customers opting to pay cash or finance, it’s the second most-leased EV model in Q2 2025, making up 12.42% of all EV leases. The average loan payment on a Model Y in Q2 was $657, while lease prices hovered around $555. With an MSRP of $44,990, it’s firmly mid-pack, and that’s before the $7,500 tax credit. Considering the EPA-estimated range of 357 miles and the good interior space, we’re not terribly surprised to see people willing to shell out for the Model Y, even with its other flaws present (a ho-hum interior design and average quality).
Chevrolet Equinox EV and Blazer EV
The Equinox EV was the third most-leased EV in Q2 2025. Its good range, roomy seating, and smooth ride are all factors that might sway buyers from other popular choices in the segment. Payments across the board are lower than those for the Tesla models, a byproduct of its attractive $35,000 MSRP. On average, customers choosing to finance their Equinox EV spent $600 per month. A lease payment costs, on average, $371 monthly. Of course, those looking for a bit of a sportier ride might be swayed to try Chevy’s other EV SUV. In fact, many did, as the Blazer EV joined the Equinox EV among the top ten in Q2.
The Blazer EV is arguably at its best in high-performance Blazer SS guise. Unique to the Blazer model, the SS model makes 615…
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