Cheapest Lease Deals: June 2017

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 - June 6, 2017

You don’t have to look hard to find the cheapest lease deals in June thanks to payments starting at just $119/month. However, when it comes to saving money, a low monthly payment can be meaningless if it’s offset by a large amount due at signing.

That’s why we examined 500 of the latest offers to find vehicles with the lowest effective lease costs. Expect to see attractive deals ahead of the 4th of July holiday, plus extra incentives like $1,500 simply for switching brands.

We’ve uncovered the top five cheapest leases in each segment and listed them by effective cost when factoring both the payment and amount due at signing. We’ve even found unadvertised deals you’ll only see here.

Be sure to also explore our full monthly analysis of the best lease deals. Offers assume a Southern California location.

Last updated 3:35 pm Tuesday, June 6

Cheapest Small Car Leases

Volkswagen Jetta

This month’s cheapest small car lease is the 2017 VW Jetta. With an ultra-affordable payment of just $119/month, it’s an appealing choice for shoppers on a really tight budget.

However, a closer look reveals this only gets you a manual-transmission model. Opting for the automatic adds $20/month, a fairly big difference when comparing offers side by side.

In reality, the low end of leases is currently about $200/month if you compare effective monthly costs. Thankfully, there’s a nice selection of cars within the same range, from the understated Kia Forte to the popular Honda Fit.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Volkswagen Jetta 1.4T S (Manual) $119/$1,999/36 $175 $19,815 Get Quote
2017 Kia Forte 2.0 LX Sedan $139/$1,999/36 $195 $18,495 Get Quote
2017 Nissan Sentra SV w/CTV $149/$1,999/36 $205 $20,065 Get Quote
2017 Toyota Yaris iA Base $149/$1,999/36 $205 $17,915 Get Quote
2017 Honda Fit LX $139/$2,399/36 $206 $17,765 Get Quote



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Cheapest Midsize Car Leases

Subaru Legacy

The 2017 Subaru Legacy is this month’s cheapest midsize car lease at just $239/month with $0 due at signing as part of a Sign & Drive promotion. However, the feature-packed 2017 Hyundai Sonata is just a hair behind, offering a lot of value for the money.

The Camry suffers from a $10 hike in payment and now has the exact same effective cost as the Honda Accord. The spacious VW Passat has come out of nowhere with a substantial cut in price and is now neck and neck with the segment leaders. This is about as low as we’ve seen leases get in this segment.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Subaru Legacy 2.5i Premium $239/$0/36 $239 $24,815 Get Quote
2017 Hyundai Sonata SE $179/$2,199/36 $240 $22,585 Get Quote
2017 Toyota Camry SE 4-cyl $189/$1,999/36 $245 $24,929 Get Quote
2017 Honda Accord LX $189/$1,999/36 $245 $24,130 Get Quote
2017 Volkswagen Passat 1.8T S $189/$1,999/36 $245 $23,260 Get Quote



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Cheapest Small SUV Leases

Honda HR-V

This month’s cheapest lease on a small SUV is the 2017 Honda HR-V. With an effective cost of just $243, it’s more affordable than most competitors, but just barely.

The 2017 Chevy Trax features a very affordable lease in regions like California. There’s even an additional $1,500 discount for anyone coming from the lease of a non-GM vehicle, taking this from good to great.

The most surprising deal in our view is this month’s lease on the all-new Nissan Rogue Sport. Although it was only recently introduced, its effective lease cost is just $1/month more than the Trax due to attractive discounts.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Honda HR-V LX 2WD $179/$2,299/36 $243 $21,205 Get Quote
2017 Subaru Crosstrek 2.0i Standard (Manual) $189/$1,979/36 $244 $22,570 Get Quote
2017 Chevrolet Trax 1LT FWD $169/$3,009/39 $246 $23,795 Get Quote
2017 Nissan Rogue Sport S FWD $169/$2,799/36 $247 $23,245 Get Quote
2017 Mazda CX-3 Sport FWD $199/$1,999/36 $255 $20,860 Get Quote



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Cheapest Midsize SUV Leases

Kia Sorento

The 2017 Kia Sorento is this month’s cheapest lease on a midsize SUV. Make no mistake — this can be an expensive segment when it comes to leases. However, the Sorento consistently ranks highly when it comes to value.

The Hyundai Santa Fe Sport comes in at a distant second place. It’s followed by the Chevy Traverse, which gets an outstanding lease in regions like California that’s almost hard to believe given its MSRP of $34,995.

Rounding out our list is a pair of deals on the Nissan Murano and Pathfinder. With just a $6/month difference in price, you may have a hard time choosing between the two.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Kia Sorento LX 2.4L FWD $209/$2,599/36 $281 $27,795 Get Quote
2017 Hyundai Santa Fe Sport Base $249/$1,749/36 $298 $26,245 Get Quote
2017 Chevrolet Traverse 1LT FWD $199/$4,559/36 $326 $34,995 Get Quote
2017 Nissan Murano S FWD $259/$2,599/36 $331 $31,100 Get Quote
2017 Nissan Pathfinder S 4x4 $279/$2,099/36 $337 $33,010 Get Quote



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Cheapest Minivan & Wagon Leases

Subaru Outback

With an effective cost of just $277, the 2017 Subaru Outback is this month’s cheapest lease on a wagon. The Volkswagen Golf SportWagen comes in a distant second place although both it and the Golf Alltrack benefit from price cuts in June.

If you need the people-hauling utility of a minivan, the Toyota Sienna and Honda Odyssey represent highly competitive picks with nearly identical effective lease costs. Now that the 2018 Odyssey has arrived, expect dealers to be willing to deal when it comes to the outgoing 2017 model.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Subaru Outback 2.5i Standard $229/$1,729/36 $277 $26,520 Get Quote
2017 Volkswagen Golf SportWagen 1.8T S $249/$1,999/36 $305 $23,500 Get Quote
2017 Volkswagen Golf Alltrack S 4 Motion (Manual) $289/$1,999/36 $345 $26,670 Get Quote
2017 Toyota Sienna L V6 FWD $289/$1,999/36 $345 $31,020 Get Quote
2017 Honda Odyssey LX $279/$2,499/36 $348 $30,790 Get Quote



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Cheapest Truck Leases

Chevrolet Colorado

The 2017 Chevy Colorado is this month’s cheapest lease on a truck. With an effective cost of $378, it’s considerably more affordable than the GMC Canyon at the moment ($439). You can even get an additional $1,500 discount if you’re coming from a non-GM lease.

If you need something larger, the 2017 Ford F-150 represents a very good value, but only in certain cases. That’s because some of the best discounts are on the STX SuperCrew with the 2.7L EcoBoost engine. If you hate having strings attached, the 2017 Nissan Titan is only slightly more expensive despite having a much higher MSRP.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Chevrolet Colorado LT 4x4 Crew Cab $279/$3,559/36 $378 $34,465 Get Quote
2017 Nissan Frontier SV 4x4 Crew Cab $299/$2,999/36 $382 $29,855 Get Quote
2017 Ford F-150 XL w/STX 4x2 2.7L SuperCrew $219/$4,219/24 $395 $37,755 Get Quote
2017 Nissan Titan S 4x2 Crew Cab $299/$3,749/36 $403 $39,890 Get Quote
2017 RAM 1500 Express 4x2 Crew Cab $329/$3,499/36 $426 $38,855 Get Quote



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Cheapest Luxury Car Leases

Acura ILX

With a monthly payment of just $219/month, the 2017 Acura ILX is this month’s cheapest luxury car lease. However, to get to that price, you’ll need to be eligible for a discount targeting owners & lessees of a competing vehicle.

If you don’t, the larger TLX is actually a superior value. In fact, it’s actually $1/month cheaper than the ILX despite a difference in MSRP of $4,010. That’s because Acura is piling on discounts to clear the way for the updated 2018 TLX that’s on its way to dealers.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Acura ILX Base 8-Spd DCT (Conquest) $219/$2,499/36 $288 $28,940 Get Quote
2017 Acura TLX Base 4-cyl DCT $279/$999/36 $307 $32,950 Get Quote
2017 Buick Verano Sport Touring FWD $199/$4,559/39 $316 $25,040 Get Quote
2017 Buick Regal Sport Touring FWD $259/$3,309/39 $344 $29,540 Get Quote
2017 Infiniti Q50 2.0t Base $309/$2,499/39 $373 $34,855 Get Quote



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Cheapest Luxury SUV Leases

Buick Encore

Once again, the 2017 Buick Encore is the cheapest lease on a luxury SUV. With a monthly payment starting at just $199/month, you won’t find a more affordable vehicle in this segment. You can even get an additional $1,500 competitive lease discount simply for coming from a non-GM lease.

Further up in terms of luxury, the popular Acura RDX represents a great deal at the moment thanks to discounts on the 2017 model. With an effective cost of $377, it’s more affordable than competitors like the Lincoln MKC and Infiniti QX50.

However, with only about $20 separating most vehicles in this segment, you may want to consider all your alternatives before making your decision. Even the Lexus NX 200t benefits from an improvement in price ahead of the 4th of July holiday.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Buick Encore Base FWD 1SB $199/$3,509/39 $289 $25,290 Get Quote
2017 Infiniti QX30 Base FWD $279/$2,699/39 $348 $30,945 Get Quote
2017 Acura RDX Base V6 2WD $299/$2,799/36 $377 $36,645 Get Quote
2017 Lincoln MKC 2.0 Select Plus $299/$3,249/36 $389 $33,805 Get Quote
2017 Lexus NX 200t Base 4x2 $309/$3,199/36 $398 $37,528 Get Quote

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, 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