Drive Electric for Less Than Gas
Find EV financing from 0% APR. Credit unions offer rates as low as 1.99%. Plus get up to $7,500 in federal tax credits instantly.
Your potential monthly savings:
🎯Limited-Time Manufacturer Offers
Ford
Mustang Mach-E
0% APR for 72 months
Plus $2,500 bonus cash
Volkswagen
ID.4
0% APR for 72 months
All trims eligible
Hyundai
IONIQ 5
1.99% APR for 60 months
Well-qualified buyers
Tesla
All Models
5.49% APR
Consistent across lineup
Kia
EV6
0% APR for 72 months
Limited time offer
GMC
HUMMER EV
0% APR for 60 months
Select inventory
2025's Best EV Financing Lenders
From eco-focused credit unions to nationwide banks, compare rates and features to find your perfect EV financing partner.
Clean Energy Credit Union
Best for Green Mission
Loan Details
Key Features
- 100% financing available
- 0.50% rate discount for members
- Finances e-bikes and e-motorcycles
- Carbon offset with every loan
Special Offers
Additional 0.25% off with autopay
Open to all via $5 donation
View detailed pros & cons analysis
Pros
- ✓Lowest credit union rates
- ✓Dedicated to clean energy
- ✓No prepayment penalties
- ✓Nationwide membership available
Cons
- ✗Online-only banking
- ✗$5 membership fee
- ✗Limited customer service hours
Logix Federal Credit Union
Best High-Volume EV Lender
Loan Details
Key Features
- 90-day payment deferral
- Gap insurance available
- Pre-approval in minutes
- EV expertise team
Special Offers
0.25% discount for excellent credit
Live/work in service area
View detailed pros & cons analysis
Pros
- ✓#1 credit union EV lender
- ✓Finances taxes and warranties
- ✓99% approval rating
- ✓Same-day funding possible
Cons
- ✗California/DC/MD/VA only
- ✗Membership requirements
- ✗In-person visit may be required
NextMark Credit Union
Best for Charging Station Financing
Loan Details
Key Features
- $2,000 for home charger
- Free financial counseling
- Skip-a-payment option
- Mobile app with full features
Special Offers
Rate match guarantee
Virginia residents or employees
View detailed pros & cons analysis
Pros
- ✓Highest charger allowance
- ✓Virginia-based community focus
- ✓Excellent member service
- ✓Financial wellness programs
Cons
- ✗Regional availability
- ✗Higher rates than some
- ✗Limited branch locations
Bank of America
Best Traditional Bank Option
Loan Details
Key Features
- Relationship discounts
- Nationwide availability
- Mobile pre-approval
- Preferred Rewards benefits
Special Offers
0.25%-0.50% off for existing customers
None
View detailed pros & cons analysis
Pros
- ✓Extensive branch network
- ✓Fast approval process
- ✓Integrated banking services
- ✓Strong mobile app
Cons
- ✗Higher base rates
- ✗Strict credit requirements
- ✗Less EV expertise
EV Financing Calculator
Estimated Monthly Savings vs. Gas Car
EV Financing Guide
Federal EV Tax Credits
The federal government offers significant incentives for EV purchases:
- •New EVs: Up to $7,500 tax credit
- •Used EVs: Up to $4,000 for qualifying vehicles
- •Income limits: $300k joint, $150k single filers
- •Price caps: $55k sedans, $80k SUVs/trucks
- •Point of sale: Credit can be applied at purchase
Smart EV Financing Tips
- 1.Get pre-approved: Shop rates from 3+ lenders before visiting dealers
- 2.Include charging costs: Add $1,500-2,000 for home charger installation
- 3.Consider total cost: Factor in fuel and maintenance savings
- 4.Check manufacturer offers: 0% APR deals can beat any bank rate
- 5.Verify battery warranty: Ensure 8+ years coverage transfers with loan
Popular EVs & Estimated Payments
| Model | Starting Price | Federal Tax Credit | Est. Payment (60mo @ 5%) |
|---|---|---|---|
| Tesla Model 3 | $38,990 | $7,500 | $580/mo |
| Ford Mustang Mach-E | $39,995 | $0 | $650/mo |
| Hyundai IONIQ 5 | $41,800 | $0*Was eligible | $680/mo |
| Chevrolet Bolt EV | $26,500 | $7,500 | $380/mo |
* Tax credit eligibility changes quarterly. Verify current status before purchase.
Frequently Asked Questions
What's the best EV financing rate available in 2025?
Should I finance through the dealership, bank, or credit union?
Can I include a home charging station in my EV loan?
How does the $7,500 federal EV tax credit work with financing?
What credit score do I need for EV financing?
Are used EV loans available?
Ready to Go Electric?
Join millions of Americans saving money and the planet. Get pre-approved in minutes and drive away in your dream EV with rates as low as 0% APR.