Leased car deals for September 2021
Timothy Boyer's picture

10 Least Expensive Car Lease Deals You Should Be Paying Attention To

Tired of waiting for that one special car to become available, but need some new wheels right now? Here is the latest on the 10 cheapest leased car deals that automotive experts report that are available right now for car enthusiasts.
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New Car Market Problem

One problem car buyers are facing this year is wanting to buy a particular model with features that meets both their desires and their needs. However, because of the current COVID-induced car market, buyers cannot be as selective as they were before.

And when it comes to new leased vehicles, incentives over the past few months have morphed toward more unfavorable deals for lessees that include:

• Higher down payments.
• Higher monthly payments than in previous months.
• Much fewer zero-down leases.
• Fewer vehicles available with manufacturer-sponsored lease specials.

And because of this, many leased car buyers have opted to buy their original leased vehicle; and, in some cases---even resell them for profit in buyback deals.

But what can a car buyer do when they cannot wait for the model they want or have decided to hold off until the price, availability and timing are more aligned to match their budgets and their desires? Their best option might be to lease a less expensive new model until then.

Affordable Leased Car Deals

According to a recent CarFax report, “Just because a car is available with a cheap lease promotion doesn’t mean it’s a cheap or subpar vehicle. In fact, some popular and highly rated cars, trucks, and SUVs are available with appealing lease deals every month.

And not only that, but now may be a good time if you are thinking about making the switch to EV’s, due to many of those deals include hybrids, plug-in hybrids, and electric vehicles to give you some real-time EV experience that could make a convert out of you.

That said, automotive experts at CarFax have done the research for you by recently checking into every car brand’s official website to find their lease deals with the lowest monthly payments and the least amount of money due at signing.

What they found was that with prices rising even more on the used car market, a relatively inexpensive lease may be the best way to get into a car while sticking to your car budget.

CarFax’s 10 Cheapest Finds

The following is a list of 10 recommended leased vehicle deals that CarFax ranked by:

• The total cost of the lease.
• The total of all monthly payments plus the money due at signing.
• And how they compare from the cheapest to the most expensive.

CarFax also notes that when going over the list be aware that:

…lease deals vary by location, so be sure to check online or with your dealer to find the best offers available near you. Your credit score could also impact the availability of these leasing incentives.

1. 2021 Kia Forte
Lease Deal: $159 per month for 24 months with $2,799 down
Total Cost (excluding taxes and fees): $6,456
MSRP: $17,890

2. 2021 Kia Soul
Lease Deal: $189 per month for 24 months with $2,799 down
Total Cost (excluding taxes and fees): $7,146
MSRP: $17,590

3. 2021 Kia Niro
Lease Deal: $199 per month for 24 months with $2,999 down
Total Cost (excluding taxes and fees): $7,576
MSRP: $24,690

4. 2022 Kia Sportage
Lease Deal: $179 per month for 24 months with $3,524 down
Total Cost (excluding taxes and fees): $7,641
MSRP: $26,765

5. 2021 Hyundai Venue
Lease Deal: $159 per month for 36 months with $2,399 down
Total Cost (excluding taxes and fees): $7,964
MSRP: $18,750

6. 2021 Hyundai Accent
Lease Deal: $179 per month for 36 months with $1,999 down
Total Cost (excluding taxes and fees): $8,264
MSRP: $17,500

7. 2021 Hyundai Elantra
Lease Deal: $159 per month for 36 months with $2,899 down
Total Cost (excluding taxes and fees): $8,464
MSRP: $19,300

8. 2021 Hyundai Ioniq Plug-In Hybrid
Lease Deal: $189 per month for 36 months with $1,999 down
Total Cost (excluding taxes and fees): $8,614
MSRP: $26,700

9. 2021 Hyundai Sonata
Lease Deal: $169 per month for 36 months with $2,899 down
Total Cost (excluding taxes and fees): $8,814
MSRP: $23,950

10. 2021 Nissan Sentra
Lease Deal: $139 per month for 36 months with $3,989 due at signing
Total Cost (excluding taxes and fees): $8,854
MSRP: $19,460

And finally…

For more about leased vehicles related news, here is one reason why you should consider selling this model of Toyota right now if you are currently leasing one; or, if you are considering buying a previously leased vehicle, here is a particular scam you need to watch out for to avoid a lemon that could incur additional costs.

For more detailed info, be sure to use the search engine on our site to learn more about each of these models.

COMING UP Next: How a 2nd opinion from a trustworthy mechanic saved this car owner thousands in repair bills

Timothy Boyer is Torque News automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily automotive-related news.

Photo Credit: Hyundai


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Comments

Nice leasing resource and tips Tim. A couple points that I would add are the hidden costs at the time of lease return. The most costly one is over-mileage. Your average lease allocates 10K miles a year, but charges of $0.25+ per mile can add up to thousands of extra dollars charged if you go over. If you know at the beginning of the lease that you are going to drive more than the allocated mileage limit, you can "buy" additional yearly mileage, which is usually much cheaper than the post lease penalty cost. Also at the end of the lease you are charged for any damage to the car, but you need to be careful if you try and fix the issue yourself, because it could cost you more. Those glass chip fix-it kits look good, but if discovered it will cost maybe $600-900 for a replacement windshield. If there isn't a running crack, the cost of a simple rock chip is only $50. Similarly, inspectors measure the paint thickness to see if any paint was resprayed. I had really good results using paint-less dent removal when I had a deer walk on my hood. The dents and dings were all removed perfectly for around $200, as compared to thousands for a shop repair, which could still have been caught by the inspector.
Thanks, yes good point---the devil is in the details of the lease agreement. When I did an odometer fraud article, it mentioned that not only used car dealers, but leased vehicle owners were tempted to break the odometer laws to avoid over-mileage charges. I did not know about the leased car body condition requirement, but it makes sense---any excuse to squeeze a few more dollars out of a lessee. That would actually make a pretty useful article topic---you should cover it!
With newer vehicles it is getting harder to try and do things like resetting the odometer because there are stored electronic records of the mileage, software updates and error codes in more than one location. And it will flag any discrepancies on a Carfax search or smog test. I probably will write up a story on this topic as there was much more that I experienced that makes it unlikely that I will ever lease a car again, even though it can be a good deal for some people.
Sounds like a good idea. I'd imagine it would generate some comments and a good number of page views for those interested in the leased car trade. I've rented, but never leased a vehicle. Been through a bunch of old used cars though. ; ^ )