Seeking Lease Advice for EVs/PHEVs in Los Angeles - Budget Considerations

Hi everyone,

I’m in the market for a new lease and would greatly appreciate your insights and recommendations. Here’s a quick rundown of my situation:

  • Location: Los Angeles, CA
  • Cars Considered: Polestar 2, Tesla Model Y, Hyundai Ioniq 5 & 6, and Toyota bz4x.
  • Annual Mileage: 10k miles. I have a daily commute of 20 miles. (Note: I have access to a charging station at work but not at home, which is a significant factor in considering EVs or PHEVs).
  • Budget: My total monthly budget for the car lease and insurance is between $750-$850, based on 15% of my monthly net income. I’m aiming to spend within this range but would prefer to keep costs on the lower end if possible.

I’m looking for models known for their efficiency and overall value. I would love to hear about your experiences with these models, current lease offers, and any tips for negotiating lease terms or discovering promotions.

Thanks in advance for your help and I look forward to your recommendations!

Click on Marketplace

Ioniq, Ariya and EV6 should probably be your first looks.

Insurance on an EV can run you about $200/month (on a Tesla it can be more).
So down to $550 /month.

Except for the Y, the others can easily be had here from the CA brokers.

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Hyundai and Kia have some of the lowest PHEVs and EVs currently, Im in LA and here is a link to pricing I have right now


Thank you for your reply, I actually saw your post already and looks like some great deals. I still want to test drive some other vehicles, later today I’m checking out the Polestar.

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The Polestar 2 is a sedan. If you’re looking at sedans may as well look at the Model 3 as well? It’s refreshed with better tech.

I checked with my insurance on going from my Pathfinder to an EQS and the difference was about $80 for 6 months, to about $130/mo. YMMV depending on total coverage and deductible amount of course.

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I think it’s actually a hatchback (there’s a tailgate that hinges at the roof).

Today, 5/16/24

I had the chance to check out the Polestar 2 and took it for a test drive. Here are some detailed thoughts and lease numbers:

Lease Numbers (Costco Discount):

  • Polestar 2 - Pilot: 27-month lease, $1,327 due at signing, $405/month
  • Polestar 2 - Plus: 27-month lease, $1,508 due at signing, $545/month

Car Impressions:

  • Cup Holders: The second cup holder is oddly placed in the armrest, making it impractical. However, it’s removable for more storage space, and a third-party cup holder can be added for the passenger.
  • Google Maps Integration: The built-in Google Maps is highly functional. Setting a destination allows you to view the map and route directly on the dashboard, which is very convenient.
  • Auto Cruise Control & Driving Assist: I tried both features but had mixed feelings. The driving assist’s resistance when I attempted to turn was particularly jarring, as it wanted to keep the car going straight.
  • Sound System: I test drove the Plus model, which has a different speaker setup compared to the Pilot. While I’m not an audiophile, I’m curious about the sound quality in the Pilot model.
  • Sunroof: The full glass top in the Plus model is a standout feature. It gives the cabin an airy feel. I wonder if the Pilot model, which lacks the open roof, might feel more confined.
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Today 5/19/24

Took some time out of my weekend to check out four dealerships. Getting better details now on each deal. I have a 10.25 sales tax, kinda blows, Socal.

Lease Numbers

  • Hyundai Ioniq 6 – 24month/10k miles – MSRP $44280, Sale price $43,780, MF 0.00294, $10000 in rebates — DAS $2000, Monthly Payment $308.67
  • Hyundai Ioniq 5 – 24month/10k miles – MSRP $46,785 Sale price $46,285, MF 0.00290, $10000 in rebates — DAS $2000, Monthly Payment $427.65
  • Tesla Model 3 – 36month/10k miles – MSRP $38990 — DAS $4728, Monthly Payment $373
  • Honda Prologue – 36month/12kmiles – Sale price $53550, MF 0.00216, Rebates $7500 — DAS $300, Monthly Payment of $861 — (I laughed when the salesmen handed me the sheet)
  • Subaru Solterra – 36month/10kmiles – MSRP $47,514 Sale price $43,514 , MF 0.0024 Rebates $7,500 —DAS $4500, Monthly Payment $493.06


  • The Hyundai’s are still a top runner for me, I am really torn about between the 5 & 6 but looking at the numbers im still not 100% sure why the 5 is so much more than the 6. In terms of size and profile I really like the 5, but the 6 was a very smooth driving experience.

  • The honda dealer clearly cared more about his commision than the customer, pretty bad customer service, asked for a quote on a CRV and I followed up one again on the phone, I am still waiting for the email.

  • I was going to take the Subaru out for a test drive but once I looked at the price and compared it to the other avaiable options in my head it didn’t seem worth it to continue.


  • Check out Kia & Nissan
  • Compare other Hyundai deals to make sure I get a quote I am happy with
  • Confirm Insurance quotes with Geico.

I hope youre not soliciting dealer quotes and thinking they somehow represent what any of these should cost.


What did the LH calcs you put together come up with target payments for each of these vehicles?

I hope youre not soliciting dealer quotes and thinking they somehow represent what any of these should cost.

Thanks for the input. I’m using these quotes to get a general sense of the market and see what’s being offered. I know dealer quotes can vary, and I’m planning to negotiate further to ensure I get the best deal once I confirm what car I want. If you have any tips on securing better lease terms or additional considerations, I’d love to hear them!

Dealer quotes are rarely useful even for that.

You can get a much better idea of what’s leasing well in the marketplace and shared deals here and then youll need to work out a target deal for the vehicles youre trying to pursue.

Dealer quotes arent worth the paper theyre printed on.

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Click on Marketplace instead.

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Thanks for the heads-up. I’m still learning the ropes with leasing. How would you suggest I go about setting a target deal for the cars I’m interested in? Are there any specific strategies or resources you use to get the best terms? I’d really appreciate any tips or advice you can share

Sorry no extra insight but can I just say props to you for your coordination and well thought out approach. Way better than 99% of the newbies on this forum. I’m guessing you’re a Project Manager or a Management Consultant

Yep but he needs to conquer understanding the most important part now…target numbers and the lease math as most newbies to this site run away at any mention of LH calc.

Sign up as a supersupporter here so you get access ratefindr and can pull rv/mf/incentives for all the vehicles youre interested in.

Review the marketplace and signed deals to determine what an aggressive, yet realistic, target is for pre-incentive discount on each.

Populate the lh calculator with that info for what youre looking at.

CA is easy. Dealer fees are capped at $85 and gov fees can be conservatively estimated at 1.5% of msrp.

My pricing is WAY lower on Ioniqs and the Solterra in SoCal, you should disregard the quotes you currently have

The prologue is new so even if you found the most aggressive dealer it wouldn’t matter because the incentives are terrible on them