These are the best 2024 Memorial Day EV deals so far


CarsDirect is busy hunting down the best Memorial Day EV deals – here’s the latest from Tesla, Kia, Ford, and now Mercedes.

Mercedes EQB

On May 17, Mercedes introduced new lease deals for the all-electric EQB crossover, just in time for Memorial Day. This special offer is exclusively for the 2023 Mercedes EQB 300 and EQB 350 models. CarsDirect found that the EQB 300 now has a lease price almost identical to the EQB 250+, despite a $4,000 difference in their MSRPs.

The EQB 300 is available for $499 per month on a 36-month lease, with $5,663 due at signing. The EQB 250+ is also listed at $499 per month, but with $5,313 due at signing. That makes the effective monthly cost for the EQB 300 just $9 more than the EQB 250+ –($656 versus $647), making the EQB 300 a really compelling upgrade option. This sale runs until May 31.

Click here to find a local dealer that may have the 2023 Mercedes-Benz EQB-Class in stock.

Tesla Model Y

May Tesla prices
Photo: Tesla

As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3.

Click here to find a local dealer that may have the Tesla Model Y in stock. 

Kia EV9

Photo: Kia

Kia cut EV9 lease prices by up to $80 a month on May 1. The 2024 Kia EV9 Light Long Range can now be leased for $419 for 24 months with $4,999 due at signing in most parts of the US. This is the best EV9 lease deal to date with an interest rate that’s equivalent to nearly 0% APR.

On May 10, Kia began offering a $1,500 “VIN Sticker Bonus” on specially tagged EV9s. Combined with a loyalty discount, CarsDirect found up to $12,000 in savings on some EV9 styles, but it cautions that results will vary, so shop around.

If you want to purchase an EV9, there’s a choice between 0% APR for 48 months or $7,500 in Customer Cash. Sadly Kia won’t allow those incentives to be stacked, so which works better is a personal choice.

Click here to find a local dealer that may have the Kia EV9 in stock.

Ford F-150 Lightning

2023 Ford F-150 Lightning (Source: Ford)

Ford’s 2023 F-150 Lightning became eligible for 0% financing for the first time on May 8. This EV deal, which runs past Memorial Day through July 8, offers zero interest on loans up to 60 months – that’s a pretty sweet drop from the previous rate of 3.9% APR.

However, Ford is no longer offering thousands of dollars in Retail Bonus Cash on most Lightning trims. However, the Lightning’s $7,500 federal tax credit is intact. Lease prices are currently unchanged.

Click here to find a local dealer that may have the Ford F-150 Lightning in stock.

*Electrek uses affilate links in this post

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