Weekly Car Lease Deals: Go Greener with PHEV

by Jordana Sackel, Georgia Hines

If you're in the market for a fuel-efficient vehicle, you may want to consider a Plug-in Hybrid Electric Vehicle (PHEV) as they can offer significant advantages over your standard hybrid vehicle. 

PHEVs’ also come with federal incentives in the states where they’re available. This means that your more powerful and efficient PHEV will eventually cost you less to buy than a standard hybrid.

The biggest advantage of a PHEV is that it comes with an EV mode, which allows you to operate it as an electric car until your battery charge runs out, and then your gas engine kicks in allowing you to maximize the fuel in your tank and your battery's charge. The gas backup eliminates the main travel concerns most folks associate with driving electric (stranded with a dead battery) provided there’s fuel in the tank. 

The 2020 Toyota Prius Prime

September is a good month for car lease deals and Toyota vehicles are no exception. The 2020 Toyota Prius Prime qualifies for a $1,000 rebate under the Clean Vehicle Rebate Scheme (CVRP) as well as an additional $1,000 loyalty discount if you are coming from another Toyota lease. 

If that isn’t enough to tempt you, the 2020 Toyota Prius Prime is offering a lease from $249 per month for 36 months with only $1,999 due at signing. The Prius Prime benefits from a $40 a month price cut, which means it is the same price as a regular Prius L Eco in Southern California. With a $3,400 difference in price, this is a bargain you don’t want to miss.

The Prius Prime proves to be a solid contender in Hybrid vehicles with excellent fuel economy and the ability to drive up to 25 miles on electric power alone. With EPA ratings of 133 MPG equivalent and 54mps combined city/highway, the Toyota Prius Prime is without a doubt one of the most fuel-efficient plug-in hybrids on the market. A full charge takes 5.5 hours with a 120-volt household-style power outlet and just 2 hours 10 minutes with a 240 outlet. 

This vehicle also has a higher than average predicted reliability rating, and more passenger space with 5 seats which is an increase from previous Prime models. The Prius Prime is a slow but steady vehicle with 121 horsepower. It includes stable handling with good stopping power on the brakes but gauging how much pressure you need to apply can be difficult. This vehicle is our choice if you are looking for an economic and reliable lease deal. 

2020 Kia Optima Plug-in Hybrid

In response to the pandemic, Kia is also offering 4-month payment deferrals, 0% financing for up to 66 months, and a job loss program that will provide you protection if you lose your job within the first few months of ownership. The 2020 Kia Optima Plug-in Hybrid also comes with $4,000 cash back. 

The well-equipped Kia Optima PHEV has a spacious interior, a wealth of safety features, and a straightforward infotainment system making it a solid choice for your next midsize sedan. The Optima PHEV features a rechargeable battery and an estimated range of 28 miles on electric power. When the electric miles are used up, the powertrain switches over to the four-cylinder gas engine so that should allay some concerns regarding travel. The 2020 Optima PHEV can fully charge in about three hours from a 240-volt source, or about nine hours from a standard 120-volt household-style outlet. 

Beyond just the economic savings, if you’re looking to make your life (and the world) a little greener then owning a PHEV would be a logical step as these vehicles dramatically reduce harmful emissions. If your typical trips are less than 28 miles, you won’t have to use a single drop of gasoline in either of these fantastic PHEV lease car options. How cool is that?