A new, long-range EV has just been announced by Kia. It will be initially available for lease to a select group of customers in the U.S. in 2021, and it has some interesting features that you might not expect.
The 2019 Kia Niro EV is regarded by many as the best electric car money can buy. With a 300 mile range and a 20 kWh battery, the Niro EV is a top choice for urban commuters, and its range could be easily extended if you select the right battery pack.
Kia has been on a roll lately with its electrified vehicles. The brand has launched the Kia Soul EV and the Kia Niro EV, and the company is very close to launching its first all-electric commercial sedan in the form of the Kia Niro EV. Based on the Korean automaker’s premium “Niro” sub-brand, the Kia Niro EV will offer similar features and specifications to its gas-powered siblings but with an all-electric powertrain.
The Kia Niro EV is an attractive proposition in the under $50,000 electric car market. It offers a suitable size, payload and range for a group that has grown rapidly in recent times. With the expansion of charging infrastructure, the inconvenience of owning an electric car is becoming less important. In addition, the insane trend in the used car market means that many buyers are looking for a way around the sharp price increases. Fortunately, this attractive Kia lease offer is waiting for you.
Kia Niro EV | SeongJoon Cho via Getty Images
It’s no secret that the used car market is currently a disaster. The recent shortage of semiconductors has hit manufacturers like Kia hard. The lack of semiconductors makes it difficult to produce new cars directly on the assembly line. This means that traders want to move existing stock as quickly as possible to make a profit.
That’s where leasing comes in. According to Cars Direct, the Kia Niro is one of those new cars that dealers are eager to sell as quickly as possible. Be careful though, as this company is not a national value. These rental services are only available in certain states. Fortunately, the states that offer such services are fairly spread out, so a little out-of-state travel is always possible.
Niro EV | SeongJoon Cho via Getty Images
Now that this topic is sufficiently buried, it’s time to talk about the lease. First, a $3,500 deposit is required. This is not so bad when it comes to the deposit. Another potential stumbling block is the length of the lease: 36 months, which may not be enough for some. This term seems to qualify the offer, which, if approached correctly, brings the price down to $209 per month.
This is a pretty solid offering from Kia, a manufacturer that has been gaining popularity lately. Moreover, the Niro EV is clearly inferior to most comparable cars on the market. Leasing a new VW ID.4 will cost you almost twice as much – $409 a month. A faster Toyota RAV4 Prime is available for about the same price. The undercutting of the market is what makes this deal so acceptable, but is it a good idea to sign a lease now?
2021 Niro EV | Kia
The truth is that the answer may be different. Thanks to the pandemic, some Americans made more money last year than ever before. On the contrary, some have experienced the worst year and the biggest change in their lives. It is important to know your financial situation before signing such a lease. Depreciation has to be taken into account and the market for second-hand electric vehicles is still somewhat unknown in terms of resale value. But if leasing makes financial sense for you, the Kia Niro EV is a good option, especially if you’re looking to save a few pounds at the dealership.
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