Volvo’s New Electric SUV: A Leasing Option Worth Considering?
Volvo has unleashed its latest electric marvel, the 2027 EX60, a midsize SUV that promises to redefine premium electric vehicles. While the vehicle offers a competitive price point, potential buyers are left to ponder whether leasing this model is a savvy financial decision.
2027 Volvo EX60: The Leasing Landscape
Volvo has positioned the EX60 as a more accessible entry into the premium electric SUV market, with a starting price of $58,400. This price is significantly lower than the $81,400 price tag of the larger EX90 and even undercuts competitors like the BMW iX, which starts at $61,500. However, the EX60’s range, while respectable, doesn’t quite match the iX3’s 434 miles, with the P6 Plus offering up to 307 miles and the P10 AWD providing up to 322 miles.
The upcoming EX60 P12, expected to launch later this year, will boast a range of up to 400 miles, surpassing current Volvo offerings but still trailing behind the iX3.
For those contemplating a lease, Volvo’s website lists the 2027 EX60 at $599 per month over a 36-month period, requiring $6,409 at signing. This positions the EX60 competitively against the 2027 BMW iX3, which commands $798 monthly for a similar lease arrangement.
Interestingly, both the EX60 and the Tesla Model Y Premium RWD share identical leasing terms, with each priced at $599 monthly. However, the Model Y offers a greater range of 357 miles. Adjusting the Model Y’s down payment to match the EX60’s reduces the monthly payment to $534.
Comparing the Competition
Potential lessees might also consider the Hyundai IONIQ 9 Calligraphy Design. Despite a higher purchase price, its lease is competitively priced at $617 per month, with a similar down payment. This model offers a three-row configuration and a range of 311 miles.
| 2027 Volvo EX60 Model | Starting Price* | Driving Range | Charging Time (10% to 80%) | 10 minutes of Charging |
| EX60 P6 Plus | $58,400 | 307 miles | 16 minutes | up to 155 miles |
| EX60 P6 Ultra | $65,000 | 307 miles | 16 minutes | up to 155 miles |
| EX60 P10 AWD Plus | $60,750 | 322 miles | 16 minutes | up to 165 miles |
| EX60 P10 AWD Ultra | $67,350 | 322 miles | 16 minutes | up to 165 miles |
| EX60 P12 AWD | N/A | 400 miles | 19 minutes | up to 173 miles |
Leasing the EX60 may be economically favorable compared to purchase. However, with various attractive lease incentives available, other models might offer more compelling deals. Test drives can be scheduled this summer, with initial deliveries soon to follow. Volvo’s current lease offer for the EX60 is valid until June 30, 2026.
Explore deals and schedule test drives for the Tesla Model Y, Hyundai IONIQ 9, and other Volvo and BMW electric vehicles through the provided links. For more information, visit Volvo’s official page.
Original Story at electrek.co