Here's What The Best-Selling EVs in Q2 2025 Really Cost Per Month

New data from Experian reveals average monthly loan and lease payments on top EVs

Ever wonder how much your neighbor might really be paying for that shiny new BMW i4 in the driveway? Well, thanks to data from Experian in the company’s Q2 2025 State of the Automotive Finance Market report, now, you’ll have a good idea. The report breaks down what customers are paying for some of the top-selling EVs, and some of the numbers might surprise you.

Tesla Model 3 and Model Y

Nearly 60% of all Model 3 drivers choose to lease, which is lower than most other models. However, the car’s dominance in the space is such that Model 3 leases still made up 18.55% of all EV leases in Q2 2025. On average, drivers’ payments cost $616 per month when financing. Opting for a lease in Q2 2025 made for a much lower monthly payment of around $395. The sedan’s solid performance and range make it a safe bet, and it’s obvious why customers would flock to it.

Despite over 70% of Model Y customers opting to pay cash or finance, it’s the second most-leased EV model in Q2 2025, making up 12.42% of all EV leases. The average loan payment on a Model Y in Q2 was $657, while lease prices hovered around $555. With an MSRP of $44,990, it’s firmly mid-pack, and that’s before the $7,500 tax credit. Considering the EPA-estimated range of 357 miles and the good interior space, we’re not terribly surprised to see people willing to shell out for the Model Y, even with its other flaws present (a ho-hum interior design and average quality).

Chevrolet Equinox EV and Blazer EV

The Equinox EV was the third most-leased EV in Q2 2025. Its good range, roomy seating, and smooth ride are all factors that might sway buyers from other popular choices in the segment. Payments across the board are lower than those for the Tesla models, a byproduct of its attractive $35,000 MSRP. On average, customers choosing to finance their Equinox EV spent $600 per month. A lease payment costs, on average, $371 monthly. Of course, those looking for a bit of a sportier ride might be swayed to try Chevy’s other EV SUV. In fact, many did, as the Blazer EV joined the Equinox EV among the top ten in Q2.

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The Blazer EV is arguably at its best in high-performance Blazer SS guise. Unique to the Blazer model, the SS model makes 615 horsepower and 650 pound-feet of torque. It’s also commensurately more expensive than other Chevy EVs, starting at around $62,000. That may be part of the reason why payments seem much higher for the Blazer than the Equinox EV. Blazer EV financing costs customers, on average, $752 per month,while lease payments sat at $432 per month.

Hyundai IONIQ 5

The IONIQ 5 outpaced the Equinox and both Tesla models in terms of sales numbers during Q2 2025, yet it still commanded over 4% of the entire EV lease market. Despite an MSRP comparable to the Tesla Model 3 — in fact, a couple thousand dollars cheaper — the IONIQ costs a lot more to finance or lease. Finance payments for Q2 2025 sat around $745, while leasing demanded $430 each month. Considering the IONIQ 5 fills many different niches, with a 318-mile range version at one end and wicked high-performance IONIQ 5 N at the other, we’re not surprised it’s still a popular — if slightly pricier — Tesla alternative.

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BMW i4

Speaking of pricy alternatives, the BMW i4 sold well enough to earn a spot on the top 10 EVs in Q2 2025. Like the Hyundai, we’re hardly surprised — the i4 offers a great balance of performance, tech, luxury, and range that makes it an overall very attractive choice in the space. It doesn’t come cheap, though: the BMW i4 was easily the most expensive option. The average financing payment demanded $855 monthly from drivers; leasing cost $672.

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Acura ZDX and Honda Prologue

Both of Honda’s latest EV SUVs managed to sneak into the top 10 EVs in Q2 2025. With both being built atop GM’s Ultium platform, the similarities between them are easier to spot than the differences. The ZDX technically led over the Prologue, representing 3.37% of all EV leases in Q2. The Acura ZDX is more luxury-focused and offers a bit more power, so perhaps that was enough to push it over the top. Both offer similar ranges, interior layouts, and exterior design. People ended up paying around the same for both, too. The average financing payment in Q2 2025 for the Acura ZDX was $784 per month; for the Honda, it was $728. Leasing saw a similarly minor variance in payment. Drivers paid $510 per month for the Acura and $559 per month for the Honda.

Mustang Mach-E

Perhaps surprisingly, the Mustang Mach-E also sat at the higher end of lease and finance payments relative to its competitors. It ranked among the top 10 most-leased EVs in Q2 2025, capturing 2.89% of the EV leasing market. Customers paid, on average, $759 per month to finance a Mach-E. Drivers choosing to lease are on the hook for $541 per month. The Mach-E’s solid performance and range, paired with a potential range of more than 300 miles, likely made it a popular choice among first-time EV buyers.

Nissan Ariya

Did somebody say dark horse? The Nissan Ariya just eked into the top 10 EVs in Q2 2025, and we’re guessing you didn’t see that coming. Ariya customers paid an average of $708 monthly when financing, and customers opting for a lease paid less than half of that — $336 per month. It’s the biggest disparity on the list, representing a $372 difference between loan and lease. The Nissan Ariya isn’t the most conventional EV choice, although it does offer some strengths to customers, like extremely inoffensive styling and a composed ride. It’s slower than average charging, though, which is one major reason we’re surprised to see it here.

Final thoughts

While the vehicles that made the top 10 list aren’t too surprising — with the exception of the Nissan Ariya — the payments paint an interesting picture about the EV segment. Average monthly lease payments sat at $612 for Q2 2025, which is actually a lot higher than most of the EV payments we see here. Meanwhile, loan payments also averaged $749 per month, outpacing those for the top 10 EV models. It’s interesting that affordability could almost be used as a selling point for EVs today, given that a few years ago, it was a huge sticking point for critics.