⚡ 0% APR Available💰 Up to $7,500 Tax Credit🔌 Charger Financing Included

Drive Electric for Less Than Gas

Q: What's the best EV financing rate available in 2025?

The best rates currently available are 0% APR for up to 72 months on select models including Ford Mach-E and Volkswagen ID.4. Credit unions like Clean Energy CU offer rates as low as 1.99% APR for 60 months. Traditional banks average around 8% APR for new car loans. Your actual rate depends on credit score, down payment, and loan term.

Q: Should I finance through the dealership, bank, or credit union?

Credit unions typically offer the lowest rates (1.99%-5.99% APR) and often include EV-specific benefits like charging station financing. Banks offer competitive rates (4%-8% APR) with convenient online applications. Dealerships provide one-stop shopping but usually have higher rates unless offering manufacturer incentives like 0% APR promotions.

Q: Can I include a home charging station in my EV loan?

Yes! Many EV-specific lenders allow you to add $1,500-$2,000 to your loan for Level 2 home charging installation. NextMark Credit Union offers up to $2,000, while Together Credit Union provides up to $1,500. This spreads the cost of charging infrastructure over your loan term at the same low rate.

Q: How does the $7,500 federal EV tax credit work with financing?

The $7,500 federal tax credit can now be applied as a point-of-sale rebate at participating dealers, reducing your purchase price immediately. Alternatively, you can claim it on your tax return. Some lenders like EV Life automatically factor the credit into your loan structure to lower monthly payments.

Q: What credit score do I need for EV financing?

For the best rates (0%-3% APR), you'll typically need a credit score of 720+. Good credit (660-719) usually qualifies for 4%-8% APR. Credit unions are often more flexible with credit requirements than banks. Some specialized green lenders consider your environmental commitment alongside traditional credit factors.

Q: Are used EV loans available?

Yes, but rates are typically 1-3% higher than new EV loans. Used EVs may qualify for a $4,000 federal tax credit if they meet requirements. Many credit unions offer used EV loans starting around 4.99% APR. Battery warranty transfers are important to verify when financing used EVs.

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:

$150

Gas savings/month

$50

Maintenance saved

$125

Tax credit/month

$325

Total saved

Compare EV Loan Rates

🎯Limited-Time Manufacturer Offers

Ford

Mustang Mach-E

0% APR for 72 months

Plus $2,500 bonus cash

2024 modelsExpires June 30, 2025

Volkswagen

ID.4

0% APR for 72 months

All trims eligible

2025 modelsExpires June 2, 2025

Hyundai

IONIQ 5

1.99%

1.99% APR for 60 months

Well-qualified buyers

2025 modelsExpires May 31, 2025

Tesla

All Models

5.49%

5.49% APR

Consistent across lineup

All new TeslasExpires Ongoing

Kia

EV6

0% APR for 72 months

Limited time offer

2024 modelsExpires June 2, 2025

GMC

HUMMER EV

0% APR for 60 months

Select inventory

2025 modelsExpires June 2, 2025

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

4.8 (3,200 reviews)

New EV Rate

1.99%

Online Credit Union

Loan Details

Used EV Rate:4.99%

Terms:36-84 months

Max Amount:Up to $100,000

Min Credit:620+

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

Membership:

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

APR = Annual Percentage Rate. Rates as of May 2025.Visit Lender

🏦

Logix Federal Credit Union

Best High-Volume EV Lender

4.7 (18,500 reviews)

New EV Rate

2.99%

Regional Credit Union

Loan Details

Used EV Rate:5.49%

Terms:24-84 months

Max Amount:Up to 125% of value

Min Credit:650+

Key Features

90-day payment deferral
Gap insurance available
Pre-approval in minutes
EV expertise team

Special Offers

0.25% discount for excellent credit

Membership:

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

APR = Annual Percentage Rate. Rates as of May 2025.Visit Lender

🔌

NextMark Credit Union

Best for Charging Station Financing

4.6 (2,100 reviews)

New EV Rate

3.49%

Community Credit Union

Loan Details

Used EV Rate:5.99%

Terms:36-72 months

Max Amount:Up to $75,000

Min Credit:640+

Key Features

$2,000 for home charger
Free financial counseling
Skip-a-payment option
Mobile app with full features

Special Offers

Rate match guarantee

Membership:

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

APR = Annual Percentage Rate. Rates as of May 2025.Visit Lender

🏛️

Bank of America

Best Traditional Bank Option

4.2 (45,000 reviews)

New EV Rate

5.49%

National Bank

Loan Details

Used EV Rate:6.99%

Terms:12-75 months

Max Amount:$7,500 - $100,000

Min Credit:680+

Key Features

Relationship discounts
Nationwide availability
Mobile pre-approval
Preferred Rewards benefits

Special Offers

0.25%-0.50% off for existing customers

Membership:

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

APR = Annual Percentage Rate. Rates as of May 2025.Visit Lender

EV Financing Calculator

Vehicle Price

Down Payment

Federal Tax Credit

Interest Rate (APR)

Loan TermHome Charger Cost

Estimated Monthly Payment

$595

Total Financed

$29,000

Total Interest

$3,456

Total Cost

$37,956

Estimated Monthly Savings vs. Gas Car

Fuel Savings:$150/mo

Maintenance:$50/mo

Total Savings:$200/mo

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.

Compare EV Financing Explore Green Marketplace

🎯Limited-Time Manufacturer Offers

Ford

Mustang Mach-E

0% APR for 72 months

Plus $2,500 bonus cash

2024 modelsExpires June 30, 2025

Volkswagen

ID.4

0% APR for 72 months

All trims eligible

2025 modelsExpires June 2, 2025

Hyundai

IONIQ 5

1.99%

1.99% APR for 60 months

Well-qualified buyers

2025 modelsExpires May 31, 2025

Tesla

All Models

5.49%

5.49% APR

Consistent across lineup

All new TeslasExpires Ongoing

Kia

EV6

0% APR for 72 months

Limited time offer

2024 modelsExpires June 2, 2025

GMC

HUMMER EV

0% APR for 60 months

Select inventory

2025 modelsExpires June 2, 2025

EV Financing Calculator

Vehicle Price

Down Payment

Federal Tax Credit

Interest Rate (APR)

Loan TermHome Charger Cost

Estimated Monthly Payment

$595

Total Financed

$29,000

Total Interest

$3,456

Total Cost

$37,956

Estimated Monthly Savings vs. Gas Car

Fuel Savings:$150/mo

Maintenance:$50/mo

Total Savings:$200/mo

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

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

$650/mo

Hyundai IONIQ 5

$41,800

$0*Was eligible

$680/mo

Chevrolet Bolt EV

$26,500

$7,500

$380/mo

Frequently Asked Questions