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BMW i3 Lease Terms Emerge, Cadillac ELR Too, Both Pricey

‘ve got used to seeing electric cars with temptingly low lease prices, in a generally successful effort to draw in buyers otherwise deterred by high purchase costs.

For two of the newest kids on the block, the 2014 BMW i3 and 2014 Cadillac ELR, those price-gouging tactics haven’t arrived just yet.

Lease prices for each have surfaced in the last few days, and neither is what you’d call cheap.

Potential i3 buyer George Betak revealed his own lease quote on the BMW i3 Facebook page at the weekend. While the price was quoted on an individual basis, the $930 monthly lease cost for 12,000 miles per year has caused consternation among potential lessees.

As more than a few have pointed out, that’s enough to get you a Tesla Model S–and good though the i3 is, it’s hard not to see those with that kind of money to burn sending it Tesla’s way.

Things are only a little more affordable over at Cadillac, whose ELR lease pricing has just gone live on the Cadillac website.
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