10 Least Expensive Car Lease Deals You Should Be Paying Attention To
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.
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
2. 2021 Kia Soul
Lease Deal: $189 per month for 24 months with $2,799 down
Total Cost (excluding taxes and fees): $7,146
3. 2021 Kia Niro
Lease Deal: $199 per month for 24 months with $2,999 down
Total Cost (excluding taxes and fees): $7,576
4. 2022 Kia Sportage
Lease Deal: $179 per month for 24 months with $3,524 down
Total Cost (excluding taxes and fees): $7,641
5. 2021 Hyundai Venue
Lease Deal: $159 per month for 36 months with $2,399 down
Total Cost (excluding taxes and fees): $7,964
6. 2021 Hyundai Accent
Lease Deal: $179 per month for 36 months with $1,999 down
Total Cost (excluding taxes and fees): $8,264
7. 2021 Hyundai Elantra
Lease Deal: $159 per month for 36 months with $2,899 down
Total Cost (excluding taxes and fees): $8,464
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
9. 2021 Hyundai Sonata
Lease Deal: $169 per month for 36 months with $2,899 down
Total Cost (excluding taxes and fees): $8,814
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
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.
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