Car Leasing Deals Decline in November 2025 — EV Incentives Shrink

United States — November 2025
New car shoppers in the U.S. are feeling the pressure as leasing deals hit their weakest levels of the year, with EV incentives dropping significantly and monthly payments rising across multiple segments.

According to Car & Driver’s analysis, fewer automakers are offering aggressive lease specials as inventory levels stabilize and financing costs remain high.

📉 Why Lease Deals Are Getting Worse

• EV lease incentives shrank as automakers shifted focus to retail financing.

• Residual values dropped, especially for electric crossovers and compact SUVs.

• Monthly payments increased due to higher interest rates and stricter credit requirements.

Popular EVs like the Hyundai Ioniq 5, Tesla Model 3, and Ford Mustang Mach-E saw increases of $50–$120 per month compared to last year.

🚗 Gas Models See Mixed Trends

While EVs suffered the biggest change, some gas-powered sedans and midsize SUVs still have modest lease support, but nothing like the deals offered in 2023–2024.

Analysts say shoppers should expect “higher prices, fewer incentives, and more selective approval processes” through the rest of 2025.

🔮 What This Means for Shoppers

• Leasing will cost more for the remainder of the year

• Buyers may consider certified pre-owned alternatives

• EV loyalty programs remain the strongest discount category