The Best Lease Deals for October
Leasing is the lowest cost way to drive a new vehicle off the lot for many car shoppers. Honda is leasing the Accord for $396/mo with $396 due at signing for 60 months. While Toyota has a great deal on the ever-reliable RAV4 for $414/mo with $414 down over 60 months. Kia has a great price on the popular Soul at $328/mo for 48 months with $328 due at up front. Not to be outdone, Hyundai leasing the Elantra over 48 months for $292/mo with $292 due at signing. On the luxury side, BMW is offering a 36 month lease on the X3 sDrive30i for $730/mo with $730 due at signing. Audi has the A4 Premium Plus 40 TFSI quattro S tronic going for $674/mo with $1,349 due upon signing for 60 months.
These deals often expire at the end of each month. Many of the monthly payments below can be even lower at some dealers in specific regions. However, these will provide you with a general idea of what these models are going for at a national level. See all offers currently available this October from other automakers below.
Acura Lease Deals
Best Acura Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Acura MDX Standard | 60 months | $757/mo* | $1,532 | 12,000 |
| Acura RDX Standard | 48 months | $585/mo* | $585 | 12,000 |
Alfa Romeo Lease Deals
Best Alfa Romeo Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Alfa Romeo Giulia RWD | 60 months | $677/mo* | $1,377 | 12,000 |
| Alfa Romeo Stelvio Sprint RWD | 48 months | $655/mo* | $655 | 12,000 |
Audi Lease Deals
Best Audi Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Audi A3 Premium Plus 40 TFSI Front-Wheel Drive S tronic | 60 months | $542/mo* | $1,092 | 12,000 |
| Audi A4 Premium 40 TFSI quattro S tronic | 60 months | $674/mo* | $1,349 | 12,000 |
| Audi A5 Sportback Premium 40 TFSI quattro S tronic | 36 months | $719/mo* | $719 | 12,000 |
| Audi A8 L 55 TFSI quattro Tiptronic | 36 months | $1,465/mo* | $1,465 | 12,000 |
| Audi Q3 Premium Plus 40 TFSI quattro Tiptronic | 48 months | $552/mo* | $552 | 12,000 |
| Audi Q5 Premium 40 TFSI quattro S tronic | 36 months | $672/mo* | $672 | 12,000 |
| Audi Q7 Premium 45 TFSI quattro Tiptronic | 60 months | $893/mo* | $1,793 | 12,000 |
| Audi Q8 Premium 55 TFSI quattro | 60 months | $1,131/mo* | $2,281 | 12,000 |
| Audi S4 Premium Plus TFSI quattro Tiptronic | 48 months | $808/mo* | $808 | 12,000 |
| Audi S6 Sedan Premium TFSI quattro Tiptronic | 60 months | $1,112/mo* | $2,237 | 12,000 |
| Audi S8 4.0T | 36 months | $1,875/mo* | $1,875 | 12,000 |
| Audi SQ5 Premium Plus TFSI quattro Tiptronic | 36 months | $825/mo* | $825 | 12,000 |
BMW Lease Deals
Best BMW Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| BMW 230 i | 60 months | $641/mo* | $1,291 | 12,000 |
| BMW 3 Series 330i Sedan | 36 months | $682/mo* | $682 | 12,000 |
| BMW 4 Series Coupe 430i | 36 months | $835/mo* | $835 | 12,000 |
| BMW 530 i | 36 months | $901/mo* | $901 | 12,000 |
| BMW 740 i | 36 months | $1,384/mo* | $1,384 | 12,000 |
| BMW 840 i | 36 months | $1,355/mo* | $1,355 | 12,000 |
| BMW M2 Base | 60 months | $982/mo* | $1,982 | 12,000 |
| BMW X1 M35i | 60 months | $768/mo* | $1,543 | 12,000 |
| BMW X2 xDrive28i | 36 months | $705/mo* | $705 | 12,000 |
| BMW X3 sDrive30i | 36 months | $730/mo* | $730 | 12,000 |
| BMW X5 sDrive40i | 60 months | $1,085/mo* | $2,185 | 12,000 |
| BMW X6 xDrive40i | 60 months | $1,245/mo* | $1,245 | 12,000 |
| BMW X6 M Base | 60 months | $2,082/mo* | $2,082 | 12,000 |
| BMW X7 xDrive40i | 60 months | $1,362/mo* | $1,362 | 12,000 |
| BMW Z4 sDrive30i | 60 months | $845/mo* | $1,695 | 12,000 |
Buick Lease Deals
Best Buick Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Buick Enclave Essence FWD | 48 months | $673/mo* | $673 | 12,000 |
Cadillac Lease Deals
Best Cadillac Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Cadillac CT4 Luxury | 36 months | $512/mo* | $512 | 12,000 |
| Cadillac CT5 Luxury | 60 months | $611/mo* | $611 | 12,000 |
| Cadillac XT4 FWD Luxury | 60 months | $585/mo* | $585 | 12,000 |
| Cadillac XT5 FWD Luxury | 48 months | $649/mo* | $649 | 12,000 |
Chevrolet Lease Deals
Best Chevrolet Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Chevrolet Blazer FWD 2LT | 60 months | $532/mo* | $532 | 12,000 |
| Chevrolet Camaro RWD Coupe 1LT | 60 months | $463/mo* | $938 | 12,000 |
| Chevrolet Equinox FWD LS | 36 months | $377/mo* | $377 | 12,000 |
| Chevrolet Express Cargo RWD 2500 Regular Wheelbase WT | 60 months | $690/mo* | $690 | 12,000 |
| Chevrolet Malibu FWD RS | 60 months | $393/mo* | $393 | 12,000 |
| Chevrolet Silverado 1500 2WD Double Cab Standard Bed WT | 48 months | $533/mo* | $533 | 12,000 |
| Chevrolet Silverado 2500HD Work Truck | 60 months | $683/mo* | $1,383 | 12,000 |
| Chevrolet Silverado 3500HD Work Truck | 60 months | $700/mo* | $1,400 | 12,000 |
| Chevrolet Suburban 2WD LS | 60 months | $915/mo* | $1,840 | 12,000 |
| Chevrolet Tahoe 2WD LS | 60 months | $879/mo* | $1,779 | 12,000 |
| Chevrolet Trailblazer FWD LT | 60 months | $349/mo* | $349 | 12,000 |
| Chevrolet Trax FWD SP | 60 months | $293/mo* | $293 | 12,000 |
Chrysler Lease Deals
Best Chrysler Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Chrysler Pacifica Touring | 60 months | $653/mo* | $1,328 | 12,000 |
Dodge Lease Deals
Best Dodge Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Dodge Durango GT Plus RWD | 48 months | $680/mo* | $680 | 12,000 |
Ford Lease Deals
Best Ford Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Ford Bronco Big Bend | 60 months | $472/mo* | $947 | 12,000 |
| Ford E-Transit-350 Cargo Van Base | 48 months | $1,061/mo* | $1,061 | 12,000 |
| Ford Edge SEL | 48 months | $523/mo* | $523 | 12,000 |
| Ford Escape Active | 48 months | $424/mo* | $424 | 12,000 |
| Ford Expedition XL | 60 months | $869/mo* | $1,744 | 12,000 |
| Ford Explorer XLT | 48 months | $558/mo* | $558 | 12,000 |
| Ford F-150 STX | 48 months | $637/mo* | $637 | 12,000 |
| Ford F-250 XL | 60 months | $680/mo* | $1,380 | 12,000 |
| Ford F-350 XL | 60 months | $680/mo* | $1,380 | 12,000 |
| Ford Mustang EcoBoost Fastback | 48 months | $437/mo* | $437 | 12,000 |
| Ford Ranger XL | 48 months | $450/mo* | $900 | 12,000 |
Genesis Lease Deals
Best Genesis Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Genesis G70 2.5T RWD | 36 months | $530/mo* | $530 | 12,000 |
| Genesis G80 2.5T AWD | 36 months | $712/mo* | $712 | 12,000 |
| Genesis G90 3.5T AWD | 36 months | $1,383/mo* | $1,383 | 12,000 |
GMC Lease Deals
Best GMC Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| GMC Canyon 2WD Elevation | 48 months | $507/mo* | $1,032 | 12,000 |
| GMC Savana Cargo RWD 2500 Regular Wheelbase Work Van | 60 months | $712/mo* | $712 | 12,000 |
| GMC Sierra 1500 2WD Regular Cab Standard Box Pro | 60 months | $564/mo* | $1,139 | 12,000 |
| GMC Sierra 2500HD 2WD Regular Cab Long Bed Pro | 60 months | $664/mo* | $1,339 | 12,000 |
| GMC Sierra 3500HD Pro | 60 months | $643/mo* | $1,293 | 12,000 |
| GMC Terrain FWD SLE | 48 months | $414/mo* | $414 | 12,000 |
| GMC Yukon 2WD SLE | 60 months | $900/mo* | $1,825 | 12,000 |
| GMC Yukon XL 2WD SLE | 60 months | $944/mo* | $1,894 | 12,000 |
Honda Lease Deals
Best Honda Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Honda Accord LX | 60 months | $396/mo* | $396 | 12,000 |
| Honda Civic Sport Sedan | 36 months | $348/mo* | $348 | 12,000 |
| Honda CR-V LX 2WD | 60 months | $408/mo* | $408 | 12,000 |
| Honda HR-V 2WD LX | 60 months | $349/mo* | $699 | 12,000 |
| Honda Odyssey EX | 60 months | $545/mo* | $545 | 12,000 |
| Honda Pilot 2WD LX | 48 months | $555/mo* | $1,130 | 12,000 |
Hyundai Lease Deals
Best Hyundai Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Hyundai Elantra SE | 48 months | $292/mo* | $292 | 12,000 |
| Hyundai Kona SE | 60 months | $343/mo* | $343 | 12,000 |
| Hyundai Palisade SE | 36 months | $494/mo* | $494 | 12,000 |
| Hyundai Sonata SEL | 36 months | $346/mo* | $346 | 12,000 |
| Hyundai Tucson SE | 48 months | $359/mo* | $359 | 12,000 |
| Hyundai Venue SE | 60 months | $314/mo* | $314 | 12,000 |
INFINITI Lease Deals
Best INFINITI Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| INFINITI Q50 LUXE | 48 months | $609/mo* | $609 | 12,000 |
| INFINITI QX50 PURE | 36 months | $606/mo* | $606 | 12,000 |
| INFINITI QX60 PURE | 36 months | $685/mo* | $685 | 12,000 |
| INFINITI QX80 LUXE | 36 months | $1,012/mo* | $1,012 | 12,000 |
Jaguar Lease Deals
Best Jaguar Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Jaguar E-PACE R-Dynamic SE P250 AWD Automatic | 60 months | $806/mo* | $1,631 | 12,000 |
| Jaguar F-PACE R-Dynamic S | 48 months | $809/mo* | $809 | 12,000 |
| Jaguar F-TYPE P450 R-Dynamic RWD Automatic | 48 months | $1,361/mo* | $1,361 | 12,000 |
| Jaguar I-PACE R-Dynamic HSE | 48 months | $886/mo* | $886 | 12,000 |
Jeep Lease Deals
Best Jeep Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Jeep Compass Sport 4x4 | 60 months | $406/mo* | $406 | 12,000 |
| Jeep Grand Cherokee Laredo A 4x2 | 48 months | $599/mo* | $1,199 | 12,000 |
| Jeep Wrangler 2-Door Sport 4x4 | 60 months | $422/mo* | $847 | 12,000 |
Kia Lease Deals
Best Kia Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Kia Forte LXS | 48 months | $301/mo* | $301 | 12,000 |
| Kia K5 LXS | 60 months | $364/mo* | $364 | 12,000 |
| Kia Niro LX | 48 months | $375/mo* | $375 | 12,000 |
| Kia Soul LX | 48 months | $328/mo* | $328 | 12,000 |
| Kia Sportage LX | 48 months | $359/mo* | $359 | 12,000 |
| Kia Telluride LX | 48 months | $470/mo* | $470 | 12,000 |
Land Rover Lease Deals
Best Land Rover Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Land Rover Discovery Sport Core S | 60 months | $729/mo* | $1,479 | 12,000 |
| Land Rover Range Rover Evoque Core S | 48 months | $652/mo* | $652 | 12,000 |
| Land Rover Range Rover Sport SE | 60 months | $1,302/mo* | $2,627 | 12,000 |
| Land Rover Range Rover Velar P250 S | 60 months | $865/mo* | $1,740 | 12,000 |
Lexus Lease Deals
Best Lexus Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Lexus ES 300h Base | 60 months | $635/mo* | $635 | 12,000 |
| Lexus ES 350 Base | 60 months | $604/mo* | $604 | 12,000 |
| Lexus IS 350 F SPORT Design | 60 months | $626/mo* | $626 | 12,000 |
| Lexus RC F Base | 60 months | $1,018/mo* | $2,043 | 12,000 |
| Lexus RX 350 Base | 36 months | $658/mo* | $658 | 12,000 |
Lincoln Lease Deals
Best Lincoln Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Lincoln Corsair Premiere | 48 months | $567/mo* | $567 | 12,000 |
| Lincoln Nautilus Premiere | 48 months | $687/mo* | $687 | 12,000 |
| Lincoln Navigator Premiere | 60 months | $1,382/mo* | $1,382 | 12,000 |
Maserati Lease Deals
Best Maserati Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Maserati Ghibli Modena Ultima Q4 | 48 months | $1,554/mo* | $1,554 | 12,000 |
Mazda Lease Deals
Best Mazda Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Mazda CX-30 2.5 S | 36 months | $339/mo* | $339 | 12,000 |
| Mazda CX-5 2.5 S Select | 36 months | $403/mo* | $403 | 12,000 |
| Mazda Mazda3 Sedan 2.5 S | 36 months | $375/mo* | $375 | 12,000 |
Mercedes-Benz Lease Deals
Best Mercedes-Benz Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Mercedes-Benz C 300 Base | 48 months | $653/mo* | $653 | 12,000 |
| Mercedes-Benz CLA 250 Coupe Base | 48 months | $587/mo* | $587 | 12,000 |
| Mercedes-Benz G 550 4MATIC | 60 months | $2,151/mo* | $2,151 | 12,000 |
| Mercedes-Benz GLA 250 Base | 48 months | $592/mo* | $592 | 12,000 |
| Mercedes-Benz GLC SUV | 48 months | $727/mo* | $727 | 12,000 |
| Mercedes-Benz GLE 450 4MATIC | 60 months | $1,043/mo* | $1,043 | 12,000 |
| Mercedes-Benz GLS 450 4MATIC | 60 months | $1,334/mo* | $1,334 | 12,000 |
| Mercedes-Benz S 500 4MATIC | 48 months | $1,772/mo* | $1,772 | 12,000 |
| Mercedes-Benz Sprinter 2500 Standard Roof 4-Cyl Diesel | 48 months | $748/mo* | $748 | 12,000 |
MINI Lease Deals
Best MINI Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| MINI Clubman Cooper S | 36 months | $540/mo* | $540 | 12,000 |
| MINI Countryman Cooper | 36 months | $546/mo* | $546 | 12,000 |
Mitsubishi Lease Deals
Best Mitsubishi Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Mitsubishi Eclipse Cross ES S-AWC | 48 months | $437/mo* | $437 | 12,000 |
| Mitsubishi Mirage ES | 60 months | $309/mo* | $634 | 12,000 |
| Mitsubishi Mirage G4 ES | 60 months | $338/mo* | $338 | 12,000 |
| Mitsubishi Outlander ES 2.5 2WD | 48 months | $428/mo* | $428 | 12,000 |
| Mitsubishi Outlander Sport 2.0 S AWC | 60 months | $442/mo* | $442 | 12,000 |
Nissan Lease Deals
Best Nissan Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Nissan Altima SV FWD | 36 months | $382/mo* | $382 | 12,000 |
| Nissan Armada SV 2WD | 60 months | $907/mo* | $1,832 | 12,000 |
| Nissan Frontier Crew Cab SV 4x2 | 36 months | $447/mo* | $447 | 12,000 |
| Nissan GT-R Premium Dual-clutch 6-Speed Transmission | 60 months | $1,897/mo* | $1,897 | 12,000 |
| Nissan Kicks S Xtronic CVT | 48 months | $349/mo* | $349 | 12,000 |
| Nissan LEAF S | 36 months | $424/mo* | $424 | 12,000 |
| Nissan Murano SV Intelligent AWD | 36 months | $578/mo* | $578 | 12,000 |
| Nissan Pathfinder S FWD | 36 months | $514/mo* | $514 | 12,000 |
| Nissan Sentra S Xtronic CVT | 48 months | $344/mo* | $694 | 12,000 |
| Nissan TITAN Crew Cab SV 4x2 | 60 months | $688/mo* | $1,388 | 12,000 |
| Nissan TITAN XD Crew Cab SV 4x4 | 60 months | $767/mo* | $1,542 | 12,000 |
| Nissan Versa 1.6 S | 60 months | $285/mo* | $285 | 12,000 |
Porsche Lease Deals
Best Porsche Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Porsche 718 Boxster Base | 60 months | $1,047/mo* | $2,097 | 12,000 |
| Porsche 911 Carrera | 36 months | $1,759/mo* | $1,759 | 12,000 |
| Porsche Cayenne Base | 60 months | $1,300/mo* | $1,300 | 12,000 |
| Porsche Macan Base | 60 months | $902/mo* | $1,827 | 12,000 |
Ram Lease Deals
Best Ram Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Ram 1500 Big Horn Quad Cab 4x2 6'4" Box | 48 months | $562/mo* | $562 | 12,000 |
| Ram 2500 Tradesman Regular Cab 4x2 8' Box | 60 months | $707/mo* | $1,432 | 12,000 |
| Ram 3500 Tradesman Crew Cab 4x2 6'4" Box | 60 months | $787/mo* | $1,587 | 12,000 |
| Ram ProMaster 2500 Cargo Van SLT+ Low Roof 136" WB | 60 months | $775/mo* | $775 | 12,000 |
Subaru Lease Deals
Best Subaru Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Subaru Ascent Base 8-Passenger | 36 months | $463/mo* | $463 | 12,000 |
| Subaru BRZ Premium | 60 months | $413/mo* | $838 | 12,000 |
| Subaru Crosstrek Base | 60 months | $354/mo* | $354 | 12,000 |
| Subaru Forester Base | 60 months | $378/mo* | $378 | 12,000 |
| Subaru Impreza Base 5-Door | 36 months | $335/mo* | $335 | 12,000 |
| Subaru Legacy Base | 60 months | $358/mo* | $358 | 12,000 |
| Subaru Outback Base | 60 months | $400/mo* | $400 | 12,000 |
| Subaru WRX Base | 60 months | $446/mo* | $446 | 12,000 |
Toyota Lease Deals
Best Toyota Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Toyota 4Runner SR5 | 60 months | $555/mo* | $555 | 12,000 |
| Toyota Camry LE | 60 months | $403/mo* | $403 | 12,000 |
| Toyota Camry Hybrid SE | 60 months | $416/mo* | $416 | 12,000 |
| Toyota Corolla LE | 60 months | $336/mo* | $336 | 12,000 |
| Toyota GR Supra 2.0 | 60 months | $688/mo* | $688 | 12,000 |
| Toyota Highlander LE | 48 months | $542/mo* | $1,092 | 12,000 |
| Toyota Prius LE | 48 months | $408/mo* | $833 | 12,000 |
| Toyota Prius Prime SE | 48 months | $450/mo* | $900 | 12,000 |
| Toyota RAV4 LE | 60 months | $414/mo* | $414 | 12,000 |
| Toyota RAV4 Prime SE | 60 months | $609/mo* | $1,234 | 12,000 |
| Toyota Sequoia SR5 | 60 months | $907/mo* | $907 | 12,000 |
| Toyota Sienna LE | 60 months | $545/mo* | $545 | 12,000 |
| Toyota Tacoma SR | 60 months | $420/mo* | $420 | 12,000 |
| Toyota Tundra SR | 36 months | $538/mo* | $538 | 12,000 |
| Toyota Venza LE | 60 months | $511/mo* | $1,036 | 12,000 |
Volkswagen Lease Deals
Best Volkswagen Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Volkswagen Arteon 2.0T SEL R-Line | 60 months | $786/mo* | $1,586 | 12,000 |
| Volkswagen Atlas 2.0T SE | 48 months | $552/mo* | $1,127 | 12,000 |
| Volkswagen Golf GTI 2.0T S | 48 months | $492/mo* | $992 | 12,000 |
| Volkswagen Jetta 1.5T S | 60 months | $334/mo* | $334 | 12,000 |
| Volkswagen Tiguan 2.0T S | 60 months | $440/mo* | $440 | 12,000 |
Volvo Lease Deals
Best Volvo Lease Deals
| Model | Term | Payment | Due at Signing | Annual Miles |
|---|---|---|---|---|
| Volvo S60 B5 Core Dark Theme | 36 months | $604/mo* | $604 | 12,000 |
| Volvo S90 B6 Plus | 36 months | $674/mo* | $674 | 12,000 |
| Volvo V60 Cross Country B5 Plus | 36 months | $672/mo* | $672 | 12,000 |
| Volvo XC40 B5 Core Dark Theme | 36 months | $581/mo* | $581 | 12,000 |
| Volvo XC60 B5 Core Dark Theme | 36 months | $690/mo* | $690 | 12,000 |
| Volvo XC90 B5 Core Bright Theme | 36 months | $774/mo* | $774 | 12,000 |
* Lease payments reflect national market averages, based on various factors including sales prices, APRs and residual values. Monthly payments are estimates and, when available, may include manufacturer promotion(s). Note that final payment amounts offered by a dealer are unique to a buyer's situation: a specific vehicle (VIN) with specific trim and options, annual mileage allotment, a buyer’s geographic location, trade-in or down payment amount, additional cash due at signing, credit score and term of lease.
How does leasing a car work?
For some car buyers, leasing is a great way around depreciation. However, leasing isn't for everyone. For many consumers, it's worth asking the question "what does it mean to lease a car?". In this guide to leasing a car, we'll explain all there is to know about leasing, and how to shop smart in 2024. Learn more in our comprehensive guide to leasing a car
Is it better to lease or buy a car?
The decision between buying and leasing a car is a tricky one. In 2024, this choice is even more pertinent due to shifting market dynamics and attractive manufacturer incentives. Drawing insights from CarEdge Co-Founder Ray Shefska, we delve into the nuances of buying versus leasing to help you make an informed decision. Read more about the pros and cons of leasing
Watch & Learn the "Golden Rules" for negotiating a lease in the video below:
Leasing vs Buying
Leasing could be a great option for you, but it depends on your individual needs and priorities. It's important to understand what your lease payments cover and the specific rules that apply to leasing, such as mileage limits, wear and tear charges, and end-of-lease options.
Leasing a vehicle is like entering into a long-term rental agreement. Unlike a traditional car purchase, you don't gain ownership of the vehicle. Instead, you are paying to use it for a set period and mileage limit.
Requirements and methodology:
Creditworthiness
Lease deals assume you have good to excellent credit, which
qualifies you for the best rates and lower payments.
Regional Availability
Lease deals may vary by location, with certain offers only
available in specific regions. Always check local
availability.
Variable Incentives
Lease terms and payments depend on incentives that can change
monthly. These can include manufacturer rebates and dealer discounts.
Your lease payments are paying for:
Depreciation
The loss of value of the vehicle during the time you are
leasing it.
Financing
Paying for the interest, or finance charge, that the leasing
company applies.
Taxes and fees
Paying for the interest (finance charge) that the leasing
company charges you.