Hatchback · 244 mile EPA range

2026 Nordvik Alto Core

The cheapest way into an electric car in Austin

2026 Nordvik Alto Core, available to lease in Austin

Sample monthly: $281
Term and band: 36 mo / 10,000 mi
Due at signing: $2,111
Residual: 59% of MSRP

Nothing withheld

The whole worksheet

A 4.2 metre hatchback that fits a South Congress parallel space and charges overnight on a standard Level 2 box without ever asking for a panel upgrade. At 26 kWh per 100 miles it is the most efficient car we lease, which matters more in traffic on Lamar than a big headline range figure does. Core trim covers the things people actually use: heat pump, heated seats and wheel, adaptive cruise, wireless phone mirroring and a 10.25 inch screen that still has physical climate knobs underneath it.

Best for: A second car, a short commute, or a first electric car where the payment has to be small

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How $281 a month is built

MSRP: $34,800
Selling price: $33,900
Texas motor vehicle tax, 6.25%: + $2,119
Acquisition fee, capitalised: + $1,095
Gross capitalised cost: $37,114
Capitalised cost reduction: - $1,500
Clean vehicle credit passed through: - $7,500
Adjusted capitalised cost: $28,114
Residual, 59% of MSRP: $20,532
Monthly depreciation: $211
Monthly rent charge, MF 0.00145: $71
Monthly payment: $281
APR equivalent: 3.48%
Total of payments: $10,116
Due at signing: $2,111

Depreciation is the adjusted cap minus the residual, divided by 36. Rent charge is the adjusted cap plus the residual, multiplied by the money factor. All figures are samples. Offer expires October 31, 2026.

The band changes the payment, not the car

The same Alto at four mileage bands

Every 2,500 miles you add to the allowance takes residual points off the forecast, which raises the payment. This is the same vehicle, the same 36 month term and the same money factor at all four.

Sample payment by mileage band
Miles a year	Residual	Sample monthly	Miles over the term	Who it suits
7,500	60.5%	$267	22,500	Second car, short commute, mostly in town
10,000This offer	59%	$281	30,000	The default band, around 27 miles a day
12,000	57.5%	$295	36,000	A daily commute over 15 miles each way
15,000	55.5%	$313	45,000	Long commute, regular trips to Houston or Dallas

Scroll the table sideways to see every column.

Numbers that matter once you own it

Specification and running cost

Powertrain and range

Battery: 58 kWh usable
EPA combined range: 244 miles
Consumption: 26 kWh / 100 mi
DC peak: 135 kW
Drivetrain: Single motor, front wheel drive
0 to 60 mph: 7.4 seconds

Space and practicality

Seats: 5
Cargo: 20.1 cu ft
Body type: Hatchback
Electricity per mile, home: $0.031
Electricity a year at this band: $306
Disposition fee at turn in: $395

Equipment on this trim

Heat pump cabin heating, which protects winter range
11 kW onboard AC charger
Heated front seats and steering wheel
Adaptive cruise with lane centring
Wireless phone mirroring, 10.25 inch display
Vehicle to load, 1.5 kW household outlet

What to know before you sign

The Core trim runs a 135 kW DC peak, so a 10 to 80 percent stop takes about 31 minutes rather than the 18 you get on the bigger cars. On a Dallas run that is one longer coffee, not a problem, but it is worth knowing before you sign.

Included with this lease

Level 2 home charger and standard install
Two years of scheduled servicing
Roadside assistance for the full term

Everything a Current lease includes

The forecast behind the payment

This car's residual at four terms

The residual is the lessor's forecast of what this Alto will be worth when you hand it back, set as a percentage of its $34,800 MSRP. Depreciation is the part you actually pay for.

How residuals are set

24 months
65%
Residual value
$22,620
Depreciation
$12,180
Miles included
20,000
Highest residual, highest payment.
36 months
We write this one
59%
Residual value
$20,532
Depreciation
$14,268
Miles included
30,000
The benchmark term.
39 months
57.5%
Residual value
$20,010
Depreciation
$14,790
Miles included
32,500
Usually the lowest payment.
48 months
52%
Residual value
$18,096
Depreciation
$16,704
Miles included
40,000
Runs past the 4 year bumper warranty.

$2,111 as a sample figure: a $1,500 capitalised cost reduction, the first monthly payment of $281, the $225 documentary fee and $105 of Texas title, registration and inspection. The $1,095 acquisition fee and $2,119 of Texas motor vehicle tax are capitalised into the payment rather than collected on the day.

Excess miles are charged at $0.25 each at turn in. This car is written on the 10,000 mile band, which gives you 30,000 miles over 36 months. Finishing 3,000 miles over would cost $750. Buying miles up front instead costs $0.16 each, but unused prepaid miles are not refunded.

At 26 kWh per 100 miles and the Austin Energy EV plan overnight rate of $0.1175 per kWh, this car costs about $0.031 a mile in electricity, or roughly $306 a year at 10,000 miles. On public DC fast charging at $0.44 per kWh the same driving costs about $1,144 a year.

Yes. The purchase option is the residual value, $20,532 on this contract, plus a purchase option fee and tax. If the market value at that point is higher than the residual, that difference is equity and it belongs to you. We check every customer's payoff against market value at around month 30 and call if there is anything in it.

2026 Nordvik Alto Core