Best New Car Lease Deals: May 2015

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website

, Senior Pricing Analyst - May 12, 2015

Lease deals continue to look very good in May. Buick is aggressively going after non-GM lessees with discounts that can lower the amount due at signing on an Enclave to just $317. Honda is continuing its sell-down of the outgoing 2015 Pilot by offering deals on pricier models you might not expect. We’re also impressed by deals on the Chevy Trax, Toyota Avalon, and Lexus IS 250. You don’t have to go hunting for the best lease deals- we’ve done the work for you.

Our Picks for May 2015

2015 Buick Enclave
  • Monthly Payment: $317
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $1,817
  • MSRP: $39,975
  • Expires: June 1, 2015

It may be a luxury model but the Enclave leases better than a lot of mainstream vehicles. For only $317 per month, you can lease one equipped with the 1SD Convenience Package. This isn’t entirely surprising- our analysis reveals the Convenience models get extra incentives this month. If you think the $1,817 due at signing is small, you may find it hard to believe that this can shrink to just $317 if you are coming from a non-GM lease. Get a custom lease quote on a Buick Enclave »

2015 Volkswagen Tiguan
  • Monthly Payment: $179
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,499
  • MSRP: $27,120
  • Expires: June 30, 2015

The lease deal on the Tiguan continues to rank very highly. For just $179 per month and $2,499 due at signing, you can get behind the wheel of a Tiguan S. The S model is equipped with a powerful 2.0L turbo engine, the same found in last year’s GTI. Tiguan leases improved earlier this year but appear to have stabilized. You won’t find a better lease on a small crossover this month. Get a custom lease quote on a Volkswagen Tiguan »

2015 Honda Pilot
  • Monthly Payment: $269
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,399
  • MSRP: $35,400
  • Expires: July 6, 2015

The $269 per month lease on the Pilot SE 2WD continues to rank highly this month. Sure, the LX model is less expensive and has a lower payment, but the SE is a better value. Here’s why: the SE has an MSRP $4,650 more expensive, but it can be leased for only $10 more per month and $200 extra at signing. This is because unadvertised discounts are larger on the higher trim levels. Get a custom lease quote on a Honda Pilot »

2015 Lexus GS 350
  • Monthly Payment: $449
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $2,799
  • MSRP: $54,680
  • Expires: June 1, 2015

The $449 per month deal on the GS 350 continues to be the best lease on a luxury sedan. The GS may have an MSRP of $54,680 but $2,300 in lease discounts help make it more affordable. Competitors have higher payments and demand more cash at signing. It may not be flashy but the GS combines plush features with sport handling, all backed by legendary Lexus quality. Get a custom lease quote on a Lexus GS 350 »

2015 Chevrolet Trax
  • Monthly Payment: $199
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $1,189
  • MSRP: $23,320
  • Expires: June 1, 2015

This month’s $199 deal on the Trax LT ranks surprisingly well as a lease value. The low monthly payment and $1,189 due at signing are unusually low for a small crossover. It’s no surprise the Trax has been selling so well. There’s even better news if you lease a non-GM vehicle- a $500 discount can reduce the amount due at signing to just $689. You won’t find a deal like that from a competitor. Get a custom lease quote on a Chevrolet Trax »

2015 Infiniti Q50
  • Monthly Payment: $309
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $3,499
  • MSRP: $40,905
  • Expires: June 30, 2015

The Q50 continues to rank very well as a lease value. Infiniti renewed last month’s unadvertised $3,500 lease discount on the Q50 Premium. For an attractive $309 per month and reasonable $3,499 due at signing, you get a luxury sport sedan with features like dual LCD screens, customizable steering, and built-in apps. Most competitors have higher payments and require substantially more cash upfront. Get a custom lease quote on an Infiniti Q50 »

2015 Chevrolet Silverado 1500
  • Monthly Payment: $319
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $3,499
  • MSRP: $40,905
  • Expires: June 30, 2015

The Silverado 1500 is one of the few trucks to make it onto our ranking of the best leases. This month’s deal is on the 1LT 4x4 Double Cab model equipped with the V6 engine. It may have an MSRP of $40,575 but it can be leased for just $319 per month with $3,229 at signing. There’s good news if you currently lease a competitor- GM will give you $500 to apply toward the amount due at signing. Get a custom lease quote on a Chevrolet Silverado 1500 »

2015 Lexus IS 250
  • Monthly Payment: $349
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,099
  • MSRP: $38,159
  • Expires: June 1, 2015

The $349 lease on the IS 250 continues to rank highly in May. A reason for this is the low $1,099 due at signing. Even the least expensive BMW 3-Series lease requires $4,064 in upfront cash, so the deal on the IS 250 offers quite a contrast. Lexus has been offering “complimentary first lease payment” offers around holidays so far this year. If you’re looking for an even better deal, this may be worth looking out for as we approach Memorial Day. Get a custom lease quote on a Lexus IS 250 »

2015 Toyota Avalon
  • Monthly Payment: $279
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • MSRP: $33,335
  • Expires: June 1, 2015

That’s right, we’re recommending an Avalon lease. Incentives improved yet again on the Avalon XLE, resulting in a lower $279 payment with only $1,999 due at signing. Large sedans have been selling slowly and Toyota is responding with even better deals. The current Avalon lives somewhere between the Camry and Lexus ES and this is a good thing- it no longer looks like an extra-long Camry and is over $5,500 less expensive than the Lexus. Get a custom lease quote on a Toyota Avalon »

Infiniti Q40
  • Monthly Payment: $279
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $3,999
  • MSRP: $38,755
  • Expires: June 30, 2015

The Q40 continues to offer a good alternative for shoppers not ready to step up to the pricier Q50. With a low $279 monthly payment, there are very few direct competitors. The BMW 320 can be leased for around the same amount, but it comes with vinyl seats and doesn’t have amenities like navigation or moonroof like the Q40. The $3,999 due at signing is a lot, but it’s still less than the BMW 320. Get a custom lease quote on an Infiniti Q40 »

Prefer a $0 down lease? See this month's picks. »

Looking for the best way to keep track of purchase and lease deals? Check out our CarsDirect Pricing Insider and Deals Articles pages for tips and advice on picking the right time to buy or lease your favorite car or truck.

Offers listed here are based on a resident in Southern California. Lease offers are based on top-tier credit and exclude tax, license, title, registration, document fees and insurance. Please check with your dealer partner for complete offer details.

CarsDirect Tip
Leasing can be an attractive option but may not be for everybody. Be sure to carefully consider your needs before making a decision.

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website