CarsDirect is busy hunting down the best Memorial Day EV deals – here are three standouts from Tesla, Kia, and Ford.
Tesla Model Y
As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3.
Click here to find a local dealer that may have the Tesla Model Y in stock.
Kia EV9
Kia cut EV9 lease prices by up to $80 a month on May 1. The 2024 Kia EV9 Light Long Range can now be leased for $419 for 24 months with $4,999 due at signing in most parts of the US. This is the best EV9 lease deal to date with an interest rate that’s equivalent to nearly 0% APR.
On May 10, Kia began offering a $1,500 “VIN Sticker Bonus” on specially tagged EV9s. Combined with a loyalty discount, CarsDirect found up to $12,000 in savings on some EV9 styles, but it cautions that results will vary, so shop around.
If you want to purchase an EV9, there’s a choice between 0% APR for 48 months or $7,500 in Customer Cash. Sadly Kia won’t allow those incentives to be stacked, so which works better is a personal choice.
Click here to find a local dealer that may have the Kia EV9 in stock.
Ford F-150 Lightning
Ford’s 2023 F-150 Lightning became eligible for 0% financing for the first time on May 8. This EV deal, which runs past Memorial Day through July 8, offers zero interest on loans up to 60 months – that’s a pretty sweet drop from the previous rate of 3.9% APR.
However, Ford is no longer offering thousands of dollars in Retail Bonus Cash on most Lightning trims. However, the Lightning’s $7,500 federal tax credit is intact. Lease prices are currently unchanged.
Click here to find a local dealer that may have the Ford F-150 Lightning in stock.
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