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Best New Car Lease Deals for February 2022

Since their emergence a decade ago, plug-in hybrids have slowly advanced from curiosity to known specialty. By now, the advantages of a plug-in-hybrid electric vehicle (PHEV) are familiar. Running a vehicle with two fuel sources tends to increase performance over a regular hybrid. PHEVs offer a degree of gas-free travel, but don’t have the range limitations of EVs.

Against that, their powertrains continue to be so complicated, heavy, and expensive that most people making the jump from gas-only cars go straight to a dedicated EV. According to Reuters and Argonne National Laboratory, EVs accounted for roughly three percent of the 15 million cars sold in the U.S. during 2021. PHEVs made up 1 percent.

Most automakers and dealers don’t like selling them, either. They’re often buried on automaker websites, inventory is sporadic or nonexistent outside the states that follow the California-emissions mandates, and many manufacturers have given up on them altogether (such as General Motors, Mercedes-Benz, Honda, and Land Rover). A major exception is Volvo, which offers more PHEVs as a percentage of its lineup than any automaker—nearly one in five Volvos sold in the U.S. last year were PHEVs or EVs.

Enough industry chatter—you want to lease a PHEV? We looked at every automaker with a PHEV and saw just how little Audi, Ford, Mini, Porsche, and Subaru care about selling theirs. No deals. But some do, and their current lease specials are listed below. Before heading out to a local dealership, check to see whether these PHEVs are sold in your state and read our EV guide to maximize the benefits of charging at home and on the road.

While you’re at it, read our leasing guide. We’ve covered everything that may get glossed over in the showroom: advertising fees, money factors, residuals, legal implications, and all the other fine print that could cost you thousands more than you’d expect. When comparing similar cars, be aware that a lower monthly price often demands more money up front. As with any national lease special, enter your ZIP code on an automaker’s website to check if these deals apply to your area. Prices may be higher or lower depending on the region. Research is always your friend.

toyota prius prime


$239 per month/$2999 at signing
39 months/32,500 miles

An oddity of the Toyota Prius Prime is that it’s one of the few new cars that uses skinny tire sizes that used to be normal 20 years ago. Their low rolling resistance is one reason that the Prime is the PHEV with the best efficiency as measured by the EPA, whether the battery is full (133 MPGe) or depleted (54 mpg). The old infotainment system and the whack-job styling aren’t for everyone, but for them, there’s the RAV4 Prime at $349 per month for 36 months with $3999 at signing. This lease special is for the base LE within the Northeast.

kia sorento plugin hybrid


$419 per month/$3999 at signing
24 months/20,000 miles

Kia understands people with commitment issues. In contrast to the three-year auto-industry norm, many Kia leases let you free after two years, and they do so without inflating the down payment. If you’re new and hesitant to the PHEV game, leasing a Sorento Plug-in Hybrid SX might soothe your nerves. New for 2022, the Sorento PHEV offers much of the same tech, comfort, and convenience of the larger Telluride with a substantial 32-mile EPA-estimated EV range. That’s not quite as much as the RAV4 Prime, but the Sorento includes a third seating row. If you don’t need so much space, the Kia Niro PHEV is $189 per month with $3671 at signing.

hyundai tucson plugin hybrid


$425 per month/$3699 at signing
36 months/30,000 miles

Maybe you prefer the funky styling of the Hyundai Tucson with its lights inside the grille or its interior that features a free-floating digital instrument cluster. Styling (and the Tucson’s lack of a third row) are the chief differences between the Tucson and the mechanically identical Sorento. Both PHEV models are new for 2022—though you’ll notice that the Hyundai has a traditional three-year lease term. Hyundai makes two more PHEVs, including the brand-new Santa Fe PHEV and the soon-to-be-discontinued Ioniq Plug-in Hybrid, which can be had for $229 per month and $2499 at signing.

mitsubishi outlander phev


$269 per month/$4043 at signing
36 months/30,000 miles

It’s not over for the Mitsubishi Outlander, at least not yet. Give it credit—this was the very first (and for a time, only) plug-in-hybrid SUV on sale. Whereas the regular (non-PHEV) Outlander has been redesigned, with its chassis, interior, and technology all borrowed from the Nissan Rogue, the Outlander PHEV is the outgoing old version. But Mitsubishi still delivers good EV range (24 miles) and efficiency (74 MPGe) that’s not far off from the newer Hyundai and Kia SUVs. This lease is for the 2022 model.

jeep wrangler rubicon 4xe


$320 per month/$3995 at signing
36 months/30,000 miles

Jeep’s version of a PHEV good time involves slogging through mud, crawling over rocks, and blasting down trails—all with the doors removed. The Wrangler’s serious off-road capability isn’t dulled in 4xe form—the plug-in hybrid makes just as much torque as the 392 with the V-8. And on price, the 4xe is a better buy than other trims. Here, you can lease the loaded-up Rubicon for $25 more per month than a base Sport with the same down payment. It burns through electrons quickly, but you won’t find another PHEV with true four-wheel drive, locking differentials, a low-range transfer case, and 33-inch tires.

lincoln aviator

Car and Driver

$846 per month/$7802 at signing
39 months/32,500 miles

For buyers seeking a bit more luxury, the Lincoln Aviator will pamper seven passengers—it also accelerates excessively fast for a three-row SUV. We’re talking zero to 60 mph in five seconds flat. This Lincoln has 494 horsepower and a monstrous 630 pound-feet of torque, and it doesn’t feel anything like its Ford Explorer cousin. Lincoln also offers the more sensible Corsair Grand Touring PHEV, but the compact SUV’s lease offer locks you in for a long 48 months.

bmw 330e


$539 per month/$4599 at signing
36 months/30,000 miles

Although the i8 supercar and the i3 runabout are no more, BMW still sells four PHEVs based on its most desirable models. However, we’re less impressed with the plug-in-hybrid 530e, 745e, and the X5 xDrive45e than we are with their gas-only counterparts (especially the ones with inline-sixes and V-8s). BMW is, after all, an incredible engine company. But the PHEV powertrain makes some sense on the compact 3-series sedan, even though its cruising range is 100 miles less than that of a regular 330i. This lease is for the all-wheel-drive 330e with heated seats and the Driving Assistance Package.

chrysler pacifica hybrid


$414 per month/$4749 at signing
36 months/30,000 miles

Chrysler doesn’t have a big lineup, but it does have the only plug-in-hybrid minivan in existence. We sure hope the latest Pacifica Hybrid is better than our 2018 long-termer that required a battery replacement, because for efficiency, it’s king. We averaged 29 MPGe over 40,000 miles, which eclipsed the 22 mpg we recorded over the same mileage in a regular Pacifica. The EPA-estimated 33 miles of electric driving range makes this van capable of zero-emissions errand running. The Pacifica also drives with an actual connection to the road and looks sharp (although we’re partial to the pre-facelift version). Move up to the Limited and the Pinnacle for the rear-seat gaming and leather pillows.

volvo s90 recharge


$769 per month/$4069 at signing
36 months/30,000 miles

For some people, it may be weird to equate Volvo with beauty. After all, the brand’s boxy design was for years a kind of anti-style statement. But the latest Volvos are undeniably handsome, and the Recharge trim is quick to boot. This lease is for Volvo’s large sedan, the S90, but the mid-size S60 sedan, the V60 wagon, and XC60 and XC90 SUVs all are available as PHEV models too.

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