- This leasing deal is available throughout the US and valid until March 3.
- New financing deals could help buyers save over $12,000 on a higher-spec ID.4.
It’s becoming harder and harder to resist leasing a new EV in the US, thanks to a growing number of competitive deals offered by automakers. The latest deal comes from VW and it’s for the outgoing 2024 ID.4. While this isn’t the current model year, the ID.4 has plenty going for it and can be quite the bargain.
Buyers can lease the ID.4 for just $149 per month for 24 months, with $999 due at signing. Factor in that $999, and leasing an ID.4 for the equivalent of just $190 per month is possible. It’s generally not advisable to put cash down on a lease because GAP insurance will only cover the remaining balance and not the downpayment if the car is totaled or stolen. Admittedly, the $999 downpayment for the ID.4 is relatively small, particularly compared to a recent leasing deal for the Nissan Ariya that had an exorbitant $3,329 downpayment.
Read: Colorado Shoppers Can Drive Away In A New Fiat 500e For Just $62 Per Month
The cheapest ID.4 to lease is the base Standard trim, carrying an MSRP of $39,735 and capped at 10,000 miles per year. To put this leasing deal into perspective, the entry-level Tesla Model Y Long Range Rear-Wheel Drive can be leased for $199 per month for 36 months with a $2,999 downpayment, equating to $282 per month.
Other compelling deals are on offer, Cars Direct notes. For example, the ID.4 Pro is being offered with $13,350 in lease cash and the lease rate has been cut from 4.4% to 0%. The good news doesn’t stop there for shoppers.
All 2024 ID.4 models have 0% APR for 72 months. Previously, the APR had only been 0% for the Standard and S RWD models. Thanks to this cut from the old 6.9% APR / 72-month financing deal on the ID.4 S Plus to this new 0% APR could represent a saving of up to $12,300.
VW has also announced it’s offering a $10,500 customer bonus for those who lease or purchase a new and unused 2024 ID.4. All current deals are valid until March 3, 2025. If you’d like to get behind the wheel of the electric SUV without breaking the bank, head to the VW website and type your postcode into the ‘Your Local Offers’ section to see which deals you may be eligible for.
