- Despite a $39,735 MSRP, the ID.4 costs the same to lease as a $22,000 Jetta S.
- Competitors from Tesla, Hyundai, and Kia cost over $300 per month.
- VW dealers also offer $9,250 in lease cash for the electric SUV.
The VW ID.4 was supposed to be one of the EVs that could steal the sales crown from the Tesla Model Y, but that hasn’t been the case. In fact, just 5,690 units were sold in the U.S. in the second quarter, a 15% decline from the year prior.
While that’s bad news for VW, it pushed the German carmaker to launch some seriously compelling leasing options for the ID.4 in the US market. As such, it is now one of the cheapest VWs you can lease, and easily undercuts current lease offers for the Model Y and other rivals, including the Hyundai Ioniq 5 and Kia EV6.
Read: Upgraded 2024 VW ID.4 With More Power, More Screen And Full Tax Credits Now On Sale
A recent bulletin sent to dealers reveals the 2024 ID.4 Standard is available for just $219 per month for 36 months, with $3,499 due at signing. This is based on an MSRP of $39,735 and includes 10,000 miles of driving per year. Cars Direct notes the entry-level ID.4 is also available for $9,250 in lease cash.
To put this into perspective, VW is currently offering the ~$22,000 2024 Jetta S for the same $219 per month for 36 months with $3,499 due at signing, although it is only available with $1,000 in lease cash.
So, as far as VWs go, this lease deal for the ID.4 is very competitive. But how does it compare to its key rivals? Well, if you’re an astute buyer, you may be able to get a Tesla Model Y Long Range for $399 per month over 36 months with a touch over $4,000 due at signing. Meanwhile, the Ioniq 5 is available for $330 per month at current rates, while it’s possible to get behind the wheel of a new Kia EV6 Light LR for $376 per month.
