Best Lease Deals

What Are the Best Lease Deals This April?

Leasing a new car can get you behind the wheel of a vehicle with the latest technology, comfort features, and ...

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Deals by Manufacturer

Best Lease Deals This Month

Deals are samples from the manufacturer. Availability may vary based on location. Contact your dealer for details and qualification. All prices exclude taxes, licensing, tags and other dealer fees.

2020 Buick Encore

2020 Buick Encore

MSRP: $23,200-$30,800

2020 Buick Encore

LEASE DEALS

  • $252 per month for 39 months with $1,252 due at signing (Expires: 04/30/20)
2020 Chevrolet Blazer

2020 Chevrolet Blazer

MSRP: $28,800-$45,600

2020 Chevrolet Blazer

LEASE DEALS

  • $269 per month for 36 months with $3,379 due at signing (Northeast, Mid-Atlantic, Southwest) (Expires: 04/30/20)
2020 Dodge Durango

2020 Dodge Durango

MSRP: $30,795-$62,995

2020 Dodge Durango

LEASE DEALS

  • $249 per month for 36 months with $4,019 due at signing for current non-FCA vehicle owners (Northeast)
    $366 per month for 36 months with $3,799 due at signing (Mid-Atlantic, Southeast, Midwest, South Central)
    $329 per month for 36 months with $4,095 due at signing for current FCA lessees (Southwest)
    $299 per month for 36 months with $3,379 due at signing for current FCA lessees (Northwest)
    (Expires: 04/14/20)
2020 GMC Terrain

2020 GMC Terrain

MSRP: $25,000-$39,900

2020 GMC Terrain

LEASE DEALS

  • $309 per month for 39 months with $1,309 due at signing (Expires: 04/30/20)
2020 Honda CR-V

2020 Honda CR-V

MSRP: $25,050-$34,750

2020 Honda CR-V

LEASE DEALS

  • $269 per month for 36 months with $3,099 due at signing (Expires: 05/04/20)
2020 Honda Fit

2020 Honda Fit

MSRP: $16,190-$20,620

* 2019 pricing; 2020 pricing not available

2020 Honda Fit

LEASE DEALS

  • $179 per month for 36 months with $2,199 due at signing (Expires: 05/04/20)
2020 Hyundai Sonata

2020 Hyundai Sonata

MSRP: $23,600-$33,500

2020 Hyundai Sonata

LEASE DEALS

  • $209 per month for 36 months with $2,799 due at signing (Expires: 05/04/20)
2020 Kia Forte

2020 Kia Forte

MSRP: $17,890-$23,090

2020 Kia Forte

LEASE DEALS

  • $159 per month for 36 months with $1,999 due at signing (Northeast)
    $169 per month for 24 or 36 months with $2,499 due at signing (Mid-Atlantic, Southeast, Northwest, South Central)
    $159 per month for 24 or 36 months with $2,499 due at signing (Midwest, Southwest)
    $159 per month for 24 months with $1,999 due at signing (Northeast)
    (Expires: 04/30/20)
2020 Mazda Mazda3

2020 Mazda Mazda3

MSRP: $21,500-$28,900

2020 Mazda Mazda3

LEASE DEALS

  • $199 per month for 36 months with $2,499 due at signing (Northeast)
    $219 per month for 36 months with $2,499 due at signing (Mid-Atlantic, Southeast, Midwest, South Central, Southwest, Northwest)
    (Expires: 04/30/20)
2020 Mercedes-Benz A-Class

2020 Mercedes-Benz A-Class

MSRP: $32,800-$34,800

2020 Mercedes-Benz A-Class

LEASE DEALS

  • $329 per month for 36 months with $3,123 due at signing (Expires: 04/30/20)
2020 Subaru Impreza

2020 Subaru Impreza

MSRP: $18,695-$26,295

2020 Subaru Impreza

LEASE DEALS

  • $199 per month for 36 months with $2,099 due at signing (Northeast, Northwest)
    $189 per month for 36 months with $2,089 due at signing (Mid-Atlantic, Southeast)
    $249 per month for 36 months with zero due at signing (Midwest)
    $239 per month for 36 months with zero due at signing (South Central)
    $175 per month for 36 months with $2,169 due at signing (Southwest)
    (Expires: 04/30/20)
2020 Toyota Camry

2020 Toyota Camry

MSRP: $24,425-$35,130

2020 Toyota Camry

LEASE DEALS

  • $189 per month for 36 months with $2,999 due at signing (Northeast)
    $229 per month for 36 months with $2,999 due at signing (Mid-Atlantic)
    $209 per month for 36 months with $3,508 due at signing (Southeast)
    $219 per month for 36 months with $2,699 due at signing (Midwest)
    $239 per month for 36 months with $2,999 due at signing (South Central)
    $249 per month for 36 months with $1,999 due at signing (Southwest)
    $219 per month for 36 months with $2,999 due at signing (Northwest)
    (Expires: 05/04/20)
2020 Volkswagen Tiguan

2020 Volkswagen Tiguan

MSRP: $24,945-$38,795

2020 Volkswagen Tiguan

LEASE DEALS

  • $309 per month for 39 months with zero due at signing on Tiguan S 4Motion (Northeast)
    $309 per month for 39 months with zero due at signing on Tiguan S (Mid-Atlantic, Southeast, Midwest, South Central)
    $329 per month for 39 months with zero due at signing on Tiguan S 4Motion (Northwest)
    (Expires: 04/30/20)

More on Best Lease Deals

Leasing a new car can get you behind the wheel of a vehicle with the latest technology, comfort features, and safety systems on the road. Plus, it can do so for less than it would cost to buy the car. It's more like renting than buying, and you simply return the vehicle to the dealer when the lease is up. Leasing isn't for everyone, but for the right customer, it's an affordable way to get a new car.

A car lease becomes an even more affordable option when you’re able to take advantage of a lease deal that is subsidized by the car’s manufacturer. A good lease deal will lower the monthly payment and the amount you have to pay to start the lease, or both. You can find lease deals on models that automakers and their dealers want to move off the lots, as well as those that aren’t selling quite fast enough. When there’s a redesigned model on the way, for example, car companies will offer great deals to unload the old model.

You need to approach leasing carefully in this period of economic tumult and worries about the coronavirus pandemic, however. Because a lease is a contract that obligates you to make timely payments over the term of the lease, you only want to commit to a new car lease if your job is rock solid, and you're confident you can make all of the payments. You can get out of a car purchase by selling the vehicle and paying off the loan. You can't do the same when you're locked into a lease.

About three in 10 cars rolling off dealer lots are leased, according to the Experian credit reporting company. Not so long ago, auto leasing was reserved for luxury car shoppers and business customers. Today, you can lease almost any vehicle you can buy, including SUVs, pickups, cars, and minivans.

The main difference between leasing and buying is the portion of the car’s value that you pay for. When you buy a car, you’re responsible for paying the entire price of the vehicle (and you’ll likely take out a car loan to do so). When you lease, you only have to pay for the amount of depreciation that is expected to occur over the life of the lease, plus interest and fees. Monthly lease payments tend to be significantly lower than car loan payments would be on the same vehicle.

The concept of leasing is simple, but the process can be complicated. You’ll want to arm yourself with information before you head to the dealership to lease a new vehicle. Auto leasing comes with its own vocabulary:

  • The price of the car is called the capitalized cost or cap cost.

  • The car’s predicted lease-end price is called its residual value.

  • Even the interest you pay isn't called interest. Instead, it's called the money factor.

The first step, of course, is to find the right vehicle to lease. Our new car rankings and reviews will help you find the best vehicle to meet your needs and budget. You’ll then need to negotiate your lease and sign the paperwork. Our consumer advice articles can help you every step of the way. We provide guidance on deciding whether to buy or lease, avoiding costly leasing mistakes, and getting the right auto insurance. Our new car leasing guide is an in-depth resource on how the process works.

In the face of massive economic uncertainty caused by the COVID-19 pandemic, it appears automakers have pulled back significantly on the number and generosity of their leases. Still, there are attractive leases to be found in nearly every class of vehicle. Dealerships are quickly modifying their sales procedures to do more of the paperwork online and, in some cases, deliver cars to your home.

You can find several models this month with payments less than $200 per month, including the 2020 Kia Forte, 2020 Honda Fit, and 2020 Mazda3. In some regions, you can lease the midsize 2020 Toyota Camry for less than $200 per month. There’s a deal on the compact 2020 Volkswagen Tiguan SUV with zero due at signing.

Many lease offers are only available in specific areas of the country. They are limited to certain models with specific trim levels and option packages. You’ll likely have to find a vehicle that is eligible for the lease offer in a dealer’s inventory, without the option of special ordering one from the factory. Unlike most leases, prices and payments with automaker-subsidized lease deals are fixed, with little room to negotiate anything other than maybe some dealer fees. The best lease deals are only offered to consumers with excellent credit scores.

How Do You Lease a Car?

Auto leasing is similar to buying a car in many ways. You'll want to do the research to see whether the vehicle you choose fits your needs and budget. Our new car rankings will help you find the right car to match with a great lease deal. A deal isn’t a great deal unless you find a vehicle that will give you years of trouble-free, enjoyable driving.

There are many differences between buying and leasing, however. The biggest is that when you lease a car, you don’t actually own it. You’re essentially renting it from the leasing company that holds its title. Unlike a car that you own, a leased car will come with a strict mileage limit. Exceeding the mileage cap will cost you a fee for every mile you drive. Depending on the type of car you lease, excess mileage fees will range from about 15 to 50 cents per mile. That can quickly add up to an unwelcome surprise at the end of your lease. Before you consider leasing, you'll want to have a reasonable estimate of how many miles you expect to drive per year.

Some lease disclosures will list an annual mileage limit. The lessor won’t check the mileage each year. Instead, they'll check at the end of the lease to ensure that you haven't gone over the total miles allowed. For example, if your three-year lease allows 12,000 miles per year, you'll get dinged if the odometer shows more than 36,000 miles at the end of the contract.

Unless you are getting an automaker-subsidized lease deal, you will want to negotiate the price of the vehicle (its capitalized cost), the money factor, the mileage cap, and the length of the contract. It’s a common myth that you have to pay the full suggested retail price, or sticker price, when you lease a car. If you're OK with the restrictive terms of a special lease deal, the potential savings can be huge compared with a typical lease.

When you lease a car, you pay for the amount of depreciation that is expected to occur during the lease term. When the lease is up, you return the vehicle to the dealer where you originated the contract. In some cases, you can return the car to another franchised new-car dealer that carries the same brand of vehicle. The vehicle will be checked out by the dealer, and fees will be assessed for excess wear or mileage. If you paid a security deposit at the beginning of the lease, those costs will be deducted from it.

To find the amount of depreciation you'll be paying for, you subtract the expected value of the vehicle at the end of the lease, its residual value, from the price of the car, or its capitalized cost. The residual value is an outside expert’s opinion of what the vehicle will be worth a few years down the road. It is typically not negotiable. The depreciation, plus interest and fees, is divided between an initial payment due when you sign the auto lease and a series of equal monthly payments.

Here’s an example: You’ve found the perfect full-size pickup, with an MSRP of $45,000. At the end of three years, it is expected to be worth $28,000, which is its residual value. To lease the vehicle, you’ll have to pay $17,000, plus interest and fees. If the lease is structured so that you pay $2,000 at signing, the remaining $15,000 (plus interest and fees, of course) will be spread across a series of equal monthly payments.

As we mentioned earlier, with leasing, the interest rate you pay on the depreciation is called the money factor. You can multiply it by 2,400 to compare it to an interest rate, or if you have an interest rate, you can convert it to a money factor by dividing it by 2,400. For example, if the lease documents show a money factor of .0025, you can multiply it by 2,400 and see that it is equivalent to a 6% interest rate.

Another significant cost in both car buying and leasing is sales tax. Depending on where you live, leasing customers can save big when it comes to sales tax. You'll want to talk to a tax professional who knows your specific financial situation to find out the rules in your area. In many places, leasing customers only have to pay tax on the amount due at signing and their monthly payments. When you purchase a car, you have to pay tax on the entire cost of the vehicle, minus any trade-in value in most states.

What Else Do You Need to Know About Leasing?

If you like to customize your vehicle with earth-shaking audio gear, fancy tires and wheels, or off-road gear, leasing is probably not your best option. While you might think those expensive add-ons build value, leased cars need to be returned to the dealer at the end of the contract just as they left the showroom, less an acceptable level of wear and tear. You will have to pay to have any customized equipment removed or be prepared to pay the dealer to do so.

Leasing companies demand that you maintain leased vehicles precisely as the owners manual says you should. You’ll need to retain every receipt for service as proof that all scheduled maintenance has been performed. Some leases will cover periodic maintenance during the course of the contract, but most will require you to have it performed at your own expense.

It doesn't matter how many lease contracts you have signed, it is critical to read the paperwork. Every lease is different, and you'll want to make sure that the deal you agreed to matches the paperwork. Look closely at the capitalized cost, the length of the lease, the monthly payment, and the mileage cap so that there aren’t any surprises after you sign. Sometimes costly add-ons and fees find their way into the final paperwork. It's crucial you understand and agree to everything in the contract before it gets your signature. If there are any errors or blank spaces in the paperwork, make sure they are corrected or completed before you sign. If you get pressure to sign a document with errors or with entries you don’t understand, you should consider it a red flag and step back from the deal.

With most lease contracts, you will be required to carry gap insurance to protect the leasing company if your vehicle is stolen or totaled. Even if the agreement doesn't require it, gap insurance is still good for lease customers to have. If your car is deemed a total loss in an accident or it gets stolen, your auto insurance company will only pay the leasing company the market value of the vehicle. Without gap insurance, you would be liable to pay for the difference in the lease contract's buyout cost and the market value paid by the insurer, which could be substantial. Though the dealer might pressure you to buy the coverage from them, you should comparison shop with your auto insurance company and financial institution before you decide where to buy. Not every gap insurance policy is the same, so be sure to compare coverages between your different options.

You can learn more about the coverage by reading our article on gap insurance. Note that any auto insurance coverage required by your leasing company is likely different than the coverage required by states. Explore our auto insurance center to learn more about the type and level of coverages you should buy.

A great benefit of auto leasing is your vehicle will likely be covered by a bumper-to-bumper and powertrain warranty for the length of the lease contract. If something breaks, it will be up to the automaker to fix it in most cases, and you should have no out-of-pocket expense. You'll want to budget, though, for costs such as insurance, registration, taxes, and fuel.

At lease end, you can take the vehicle back to the dealership you got it from or to another of the same automaker’s franchised new-car dealerships if it’s allowed by the contract. That’s a great benefit if you have moved since you signed the lease. The dealer will inspect the car and assess any damage, total up any excess mileage costs, and collect lease-end fees. Many contracts have a disposition fee that goes toward refurbishing the vehicle for resale. In some cases, the charge is waived if you opt to buy the car.

Before you decide you want to buy the vehicle at lease end, survey the market to see what similar models are selling for. If they're selling for a lot more than the buyout cost of your car, you can sell your leased car, pay off the lease, and have a few dollars in your pocket. If other vehicles are selling for significantly less than your lease buyout cost, return yours to the dealer and buy one of the others instead.

Leasing and Credit

Having a good credit score is required with leasing, and having great credit allows you to get the best deals. Automakers generally offer lease deals only to consumers with top-notch credit histories. In addition, you'll have to show a stable work history, which helps ensure the leasing company that you will make all of your payments throughout the term of the lease. A car lease is a contract, and you can face serious financial consequences if you need to get out of a lease early.

Considering the importance of a good credit score, it’s a good idea to check your credit score and the credit reports behind them well in advance of your car-leasing adventure. It can take some time to get errors corrected and improve your score. The last place you want to find out you have problems with your credit is in the dealership’s financing office, where you may not feel you have a choice but to take a lousy lease or financing offer.

How Do I Know If It Is a Deal?

Seeing a lease advertised is no guarantee that it is a great deal. While you need to find a lease that fits into your monthly budget, focusing on the payment can lead to a costly leasing mistake that can haunt you for the entire length of the lease. Instead, you need to look at the total cost of the contract, including the total of all the payments plus the amount due at signing.

Thankfully, doing the math to determine a lease’s total cost is about as easy as overindulging on holiday treats. A side benefit is that comparing the total cost of different leases is a great way to make sure you’re getting the best deal. It's essential to do the math yourself and don't rely on the salesperson so that you understand all of the numbers in the offer. They'll want to keep you laser-focused on the monthly payment, while the total cost is the number you want to be looking at. Leaving the math to them can also allow for costly add-ons to find their way into the deal.

Here's the simple way to determine a lease's total cost: Multiply the monthly payment amount by one less than the number of months in the lease contract, then add the amount you have to pay at signing, including fees. You subtract one from the number of payments because the first month's payment is usually included in the amount due at signing.

Here’s an example using two of the lease deals available this April.

There’s a 39-month lease offer on the 2020 Volkswagen Tiguan with zero due at signing, a zero dollar first payment, and monthly payments of $309. You can also score a lease deal on the 2020 Honda CR-V. It's $269 per month for 36 months with $3,099 due upfront.

Which one is the better deal?

To determine the total cost of the Tiguan lease, we can simply multiply its $309 monthly payment by 38 (remember, one less than the number of months in the contract). The total cost of the lease is $11,742.

The price of the CR-V lease is $269, multiplied by 35, plus the $3,099 you have to pay to start the contract. Its total cost works out to $12,514. Not only does the CR-V’s lease cost $772 more than the Tiguan’s, but the Volkswagen's lease also lasts three months longer.

It’s important to run the numbers for every lease offer you are considering. You can’t assume that a lease with lower monthly payments or less due at signing will always be the cheapest option. Comparing multiple lease offers is the best way to determine whether you’re getting a hot deal or one that’s not so hot.

Though leasing is usually less expensive than buying in the short term, you’ll also have a car payment every month you have a leased car. With buying, your car payments stop once the loan is paid off. If you’re unsure which option is best for you, take a look at our article on leasing versus buying. Before you commit to leasing solely on monthly cost, take a look at our car deals page. Some generous car deals with zero percent interest rates or massive amounts of cash back can narrow the price gap between buying and leasing.

If your primary goal with a lease is to keep your payment low while getting a reliable car with warranty coverage, you should also consider purchasing a certified pre-owned vehicle (CPO car). Certified used cars have low miles and have been meticulously inspected so they can be offered with warranty coverage. CPO cars typically have higher prices than similar noncertified vehicles because of the warranty coverage and other perks. Many automakers offer financing deals on their CPO cars, and you'll find them listed on our used car deals page.

If you didn’t see your dream car in the list of vehicles above, look at our Acura, BMW, Cadillac, Mercedes-Benz, Porsche, Audi, Toyota, Nissan, Ford, Honda, Chevrolet, Hyundai, Kia, Mazda, Jeep, Dodge, Ram, Buick, GMC, Subaru, Lexus, Lincoln, Volvo, Infiniti, and Volkswagen deals pages to see brand-specific lease specials.

While we strive to keep the deals listed here up to date, these lease offers can change and may not be available in all areas. The best source of information on current lease deals is your local dealer. Use the link next to the vehicle you’re interested in to contact a dealership near you.

Best New Car Lease Deals

  • 2020 Buick Encore: $252 per month
  • 2020 Chevrolet Blazer: $269 per month
  • 2020 Dodge Durango: $249 per month
  • 2020 GMC Terrain: $309 per month
  • 2020 Honda CR-V: $269 per month
  • 2020 Honda Fit: $179 per month
  • 2020 Hyundai Sonata: $209 per month
  • 2020 Kia Forte: $159 per month
  • 2020 Mazda3: $199 per month
  • 2020 Mercedes-Benz A-Class: $329 per month
  • 2020 Subaru Impreza: $175 per month
  • 2020 Toyota Camry: $189 per month
  • 2020 Volkswagen Tiguan: $309 per month
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Car Deals: April 2020

We've compiled a list of the best car deals available in the U.S. for this month.

By Manufacturer:
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