Best New Car Lease Deals: August 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.

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, Senior Pricing Analyst - August 7, 2015

Summer may be ending soon but August is heating up with some of the best lease deals of the year. Automakers are trying their hardest to clear inventory to make room for incoming 2016 cars and trucks. In many cases, now is the best time to lease the outgoing model when discounts are at their highest.

Cheap gas and poor sales have resulted in incredible sub-$150 leases on small cars like the sporty 2015 Mazda3. Midsize cars have been holding at around $199, but Toyota has broken the stalemate with a payment cut on the 2015 Camry. Some deals may even make you do a double-take, like a $319 per month, $319 down lease on the nearly $40,000 Buick Enclave for current non-GM lessees.

Here you’ll find our top picks for the best lease deals on small and midsize cars, crossover SUVs and trucks, and luxury cars and crossovers. The key to finding a great lease is to look at the effective monthly cost, which factors both the payment and amount due at signing. You don’t have to look hard to find a really good deal- we’ve done the work for you. Just use the links to the right to jump to each segment.

See more new car deals here »

Best Small Car Lease Deals

2015 Subaru Impreza
  • Monthly Payment: $209
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $0
  • Effective Monthly Cost: $209
  • MSRP: $21,790
  • Expires: August 31, 2015

For the money, there isn’t a better lease deal on a small car than the Impreza 2.0i Premium. Sure, it may be $9 more to lease per month versus the Civic, but it comes out to a better deal if you consider its MSRP is $1,680 higher than the Honda. Prefer a lower payment? You could lease the Impreza 2.0i Standard for $145 with $1,945 at signing, but you’d be getting a less-equipped car priced $2,800 lower for a mere $10 advantage in effective monthly cost. Get a custom lease quote on a Subaru Impreza »

2015 Honda Civic
  • Monthly Payment: $200
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $0
  • Effective Monthly Cost: $200
  • MSRP: $20,110
  • Expires: September 8, 2015

Honda’s $200 per month, $0 down lease continues yet again on the Civic LX with CVT. Alternatively, you can choose a lower $149 payment in exchange for paying $1,999 at signing. Few small cars get a $0 down option as good as the Civic without the tradeoffs of the Subaru Impreza. Get a custom lease quote on a Honda Civic »

Mazda Mazda3
  • Monthly Payment: $149
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $205
  • MSRP: $18,815
  • Expires: September 7, 2015

The Mazda3 has made a name for itself as a driver’s car like no other. Current incentives favor the sedan, resulting in an appealing lease on the Mazda3 iSV with automatic. You could lease the hatchback for $179 per month and the same amount due, but that would be an extra $30 more per month, a substantial amount in this price range. With an effective monthly cost just $5 more than a Civic, you may find the grin-inducing handling of the Mazda3 to be well worth the money. Get a custom lease quote on a Mazda Mazda3 »

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Best Midsize Car Lease Deals

2015 Toyota Camry
  • Monthly Payment: $189
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $245
  • MSRP: $24,890
  • Expires: September 8, 2015

Toyota has broken the $199 barrier in August with a $10 payment cut in a jab at Honda following a similar cut back in June on the Accord. The Camry SE now ranks as the best lease deal on a midsize car. Sure, the Honda has a lower effective monthly cost by $5, but the Camry is a better deal considering its MSRP is normally $1,165 more than the Accord. Get a custom lease quote on a Toyota Camry »

2015 Honda Accord
  • Monthly Payment: $240
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $0
  • Effective Monthly Cost: $240
  • MSRP: $23,725
  • Expires: September 8, 2015

Last month’s outstanding $240 per month, $0 down lease continues unchanged this month on the Accord LX with CVT. An aggressive selldown began back in June, resulting in the best lease we’ve ever seen on the 2015 model. With the 2016 Accord just around the corner, now may be a good time to lease the 2015 model before they become difficult to find. Get a custom lease quote on a Honda Accord »

2015 Hyundai Sonata
  • Monthly Payment: $169
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $225
  • MSRP: $21,975
  • Expires: August 31, 2015

If you’re looking for the lowest effective monthly lease cost on a midsize car, look no further than the Sonata. Hyundai is winning the payment war with a $169 low-mileage lease on the Sonata SE. Did you know this equates to the exact same effective monthly cost as a Toyota Corolla? That’s pretty impressive for a larger, recently redesigned vehicle with the latest infotainment and smartphone integration. Get a custom lease quote on a Hyundai Sonata »

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Best Crossover Lease Deals

2015 Volkswagen Tiguan
  • Monthly Payment: $179
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,499
  • Effective Monthly Cost: $248
  • MSRP: $27,120
  • Expires: September 7, 2015

With such a low payment and amount due at signing, it’s no wonder the Tiguan continues to reign supreme as the best lease deal on a crossover. You won’t find $3,250 in lease discounts on anything similar to the Tiguan 2.0T S with automatic this month. Get a custom lease quote on a Volkswagen Tiguan »

2015 GMC Acadia
  • Monthly Payment: $293
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $1,793
  • Effective Monthly Cost: $339
  • MSRP: $34,900
  • Expires: August 31, 2015

It may not be the obvious choice, but the Acadia is a great value when it comes to leasing. Did you know it shares the same platform as the Chevy Traverse, is more expensive, but has an effective monthly cost that’s $17 less to lease per month? It’s hard to believe, but a $1,500 discount for non-GM lessees potentially reduces the amount due at signing to just $293. Get a custom lease quote on a GMC Acadia »

2015 Ford Flex
  • Monthly Payment: $249
  • Term: 36 months
  • Mileage: 10.5k
  • Due at Signing: $3,549
  • Effective Monthly Cost: $348
  • MSRP: $35,595
  • Expires: September 30, 2015

Love it or hate it, the Flex is a remarkable deal when it comes to leases. Sure, the Ford Edge is newer, less expensive and more “normal" but the Flex is a superior value. With an effective cost that’s $17 more per month, the Flex is a better-equipped vehicle normally priced $6,600 higher than the Edge. Get a custom lease quote on a Ford Flex »

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Best Luxury Car Lease Deals

2015 Lincoln MKZ
  • Monthly Payment: $350
  • Term: 36 months
  • Mileage: 10.5k
  • Due at Signing: $0
  • Effective Monthly Cost: $350
  • MSRP: $42,455
  • Expires: September 7, 2015

With $6,200 in lease discounts, the MKZ ranks as the best lease deal on a luxury car. It may be related to the Ford Fusion, but the MKZ with Reserve Package, moonroof, and 19” polished wheels is built to impress. If you’re looking for the lowest effective monthly cost of any luxury car above $40,000, look no further. With inventory switching over to the 2016 model, this deal may not last long. Get a custom lease quote on a Lincoln MKZ »

2015 Lexus IS 250
  • Monthly Payment: $329
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,499
  • Effective Monthly Cost: $371
  • MSRP: $38,159
  • Expires: September 8, 2015

Lexus is hoping a lower payment will lure more shoppers to the IS this month. The lease on the IS 250 with Preferred Accessory Package and backup camera may be $20 lower per month and the amount due at signing may be $700 higher, but look closely and you'll notice the effective monthly lease cost is exactly the same as last month. Number-shuffling aside, the IS continues to be one of the best lease values out there. Get a custom lease quote on a Lexus IS 250 »

2015.5 Volvo S60
  • Monthly Payment: $289
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $3,179
  • Effective Monthly Cost: $377
  • MSRP: $38,600
  • Expires: August 31, 2015

With an effective monthly cost just $6 higher than the Lexus IS, this month’s lease on the S60 T5 Premier Drive-E is worth a look. Own a competing vehicle? A $750 conquest bonus can further reduce your cost. Be sure to ask about the Wonder of Summer Event, which features special coverage for certain wear and tear items. Get a custom lease quote on a Volvo S60 »

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Best Luxury Crossover Lease Deals

2015 Buick Enclave
  • Monthly Payment: $319
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,819
  • Effective Monthly Cost: $370
  • MSRP: $39,975
  • Expires: August 31, 2015

With a rock-bottom $319 payment, it’s no surprise the Enclave is still the best deal on a luxury crossover. This month, the lease has been shortened 3 months and gotten a $2 increase. It’s still a great deal for a vehicle with an MSRP of nearly $40,000. How do you go from great to stellar? With a $1,500 discount for non-GM lessees that reduces the amount due at signing to just $319. Get a custom lease quote on a Buick Enclave »

2015 Lexus RX 350
  • Monthly Payment: $399
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $2,499
  • Effective Monthly Cost: $468
  • MSRP: $46,138
  • Expires: September 8, 2015

If you’ve been waiting for a great deal on the RX, the Golden Opportunity Sales Event should get your attention. A complimentary payment offer introduced in July cut the amount due at signing on the RX 350 Premium by $500. Considering its MSRP of $46,138, this month’s offer is an outstanding deal for what you get. Get a custom lease quote on an Lexus RX 350 »

2015 Buick Encore
  • Monthly Payment: $190
  • Term: 24 months
  • Mileage: 10k
  • Due at Signing: $1,690
  • Effective Monthly Cost: $260
  • MSRP: $24,990
  • Expires: August 31, 2015

With a monthly payment of just $190, it’s not surprising that the Encore has been such a success. Last month’s $9 payment cut and $309 drop in amount due at signing were just the icing on the cake. Ready to be wowed? Non-GM lessees are eligible for a $1,500 discount that cuts the amount due at signing to $190. Get a custom lease quote on a Buick Encore »

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Best Truck Lease Deals

2015 RAM 1500
  • Monthly Payment: $299
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,999
  • Effective Monthly Cost: $382
  • MSRP: $37,080
  • Expires: August 31, 2015

The RAM 1500 continues to be the best lease on a full-size truck. Last month’s $299 lease on the 1500 Express Crew Cab 4x2 continues unchanged in August. If you’re looking for crew cab versatility in a solid, reliable package, look no further. Get a custom lease quote on a RAM 1500 »

2015 GMC Sierra 1500
  • Monthly Payment: $299
  • Term: 39 months
  • Mileage: 10k
  • Due at Signing: $3,499
  • Effective Monthly Cost: $389
  • MSRP: $37,395
  • Expires: August 31, 2015

Last month’s $299 lease on the Sierra 1500 SLE 2WD V6 Double Cab carries over once again. With an effective monthly cost just $7 more than the RAM, the Sierra continues to be a top pick for the money on a full-size truck. Get a custom lease quote on a GMC Sierra 1500 »

2015 Ford F-150
  • Monthly Payment: $259
  • Term: 24 months
  • Mileage: 10.5k
  • Due at Signing: $4,449
  • Effective Monthly Cost: $444
  • MSRP: $38,310
  • Expires: August 31, 2015

Unfortunately, Ford hiked the amount due at signing in August by $120 on the F-150 XLT 4x2 2.7L SuperCrew. However, it’s still a top pick in our view because of a $40 payment cut last month that finally made leasing more affordable after months of high prices. Get a custom lease quote on a Ford F-150 »

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For an easy way to find the best deals, visit the CarsDirect Deals Page for the latest deal-related news and analyses. Browse expert buying advice updated monthly on nearly 300 models for insider insights you'll only find at CarsDirect. Be sure to sign up for email alerts to have the latest deals delivered straight to your inbox.

Offers listed here are based on a resident in Southern California and may be subject to change. Most lease offers are for well-qualified buyers based on available credit and exclude tax, license, title, registration, document fees and insurance. Not all buyers may qualify. Please check with your CarsDirect Trusted Dealer to confirm details and eligibility.

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