That $5 Monthly Nissan EV Lease? It’s Actually $127, But It’s Still Good

There are some absolutely amazing leasing deals available for EVs across the United States, but this one for the 2025 Nissan Leaf might just be among the best yet. If you live in Colorado and can get yourself to Boulder, you could walk away with a brand-new EV for a mere $5 per month. Well, sort of. As with most “too-good-to-be-true” deals, there’s a catch. Spoiler alert: You’ll need a $2,950 down payment or a trade-in of equivalent value.

The fine print reveals this as a 24-month lease through Boulder Nissan, capped at 10,000 miles per year. Crunch the numbers, and the effective cost works out to $127.91 per month, factoring in that upfront payment. That said, it’s worth repeating that putting any money down on a lease is generally unwise; if something happens to the car, that upfront cash is gone. While $5 per month sounds like the kind of deal that gets shouted in late-night TV commercials, the reality is more nuanced—but still attractive.

Read: Sure, You Can Lease The Ariya For $99 A Month… If You’re Cool With Actually Paying $238

We’ll admit, the Nissan Leaf is far from the best EV out there, as it definitely shows its age. However, having the opportunity to drive it around for two years, all while paying just $3,070, is a deal that could be too good to refuse for many.

For the money, shoppers can get behind the wheel of the entry-level 2025 Leaf S. It comes standard with a 40 kWh battery that drives an electric motor at the front axle with 147 hp and 236 lb-ft of torque. While the Leaf S only has an EPA-estimated range of 149 miles (240 km), limiting its use for long trips, it’d probably suit many looking for an affordable EV used primarily for urban use or short trips. Boulder Nissan has dozens of these Leaf models available with the $5 per month lease deal.

For those who want the flagship 2025 Leaf SV+, the dealer has you covered, too. It’s offering leases for $50 per month for 24 months, plus the same $2,950 downpayment or trade-in. This works out to be the equivalent of $172.91 per month for 24 months, which is also a good deal.

The Leaf SV+ improves on the standard model thanks to a larger 60 kWh battery pack, an electric motor with 214 hp and 250 lb-ft of torque, and can travel up to 212 miles (341 km) on a charge.

So, is this one of the best leasing deals in America right now? It’s hard to say definitively. However, whether you’re looking to save some cash or are simply curious about stepping into the world of EVs, this offer does make a strong case for taking the aging yet practical Leaf for a spin. Just don’t expect it to dazzle; it’s not that kind of car.