Best New Car Lease Deals: November 2024
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We analyzed hundreds of the latest lease specials to find the best car lease deals in November. The best new car lease deals feature incentives you may not be able to get when buying and can offer big loyalty discounts and special savings when switching from another car brand.
The best cars to lease can offer payments as low as $99 per month. We also found leases with no money down and ways to spend less money on a nicer vehicle by taking advantage of aggressive lease incentives. Electric vehicles continue to offer incredibly good lease deals.
Since these are manufacturer lease examples and actual prices are determined by dealers based on supply and demand, be sure to shop around to get the best lease prices. The selection may be limited and offers can sometimes vary depending on where you live.
Stay tuned for our Black Friday deal coverage in the coming days.
Updated at 1:49 pm on November 7th
Best Car Lease Deals
2024 Hyundai Elantra Sedan Lease Deal
- Term: 36 Months
- Due at Signing: $3,499
- Mileage Allowance: 10,000 mi/yr
- MSRP: $22,775
A price cut made the 2024 Hyundai Elantra an even better deal than before. This month's lease on the SE trim has an effective cost of just $276. That's $76 per month cheaper than Toyota's advertised price for the Corolla LE. For the money, we consider the Elantra to be a far better value.
Hyundai's Elantra lease includes a $2,000 lease cash incentive. Alternatively, we think the Elantra SEL may be a better deal than you think as it's eligible for a larger $3,000 incentive. It may be hard to believe, but it's just $10 per month more than the SE despite a nearly $2,000 difference in MSRP.
Examples listed here are based on Southern California but we're seeing similar deals elsewhere. Shoppers should be aware that 2025 Elantra inventory is already arriving and features comparable savings. In the case of the 2025 Elantra SE, Hyundai's payment is only $10 more than the 2024 model.
2024 Kia Forte Sedan Lease Deal
- Term: 36 Months
- Due at Signing: $3,499
- Mileage Allowance: 10,000 mi/yr
- MSRP: $21,415
The 2024 Kia Forte LXS remains a bargain with an effective cost of just $296 before taxes & fees. At this price, the Forte is over $50 per month cheaper to lease than a Honda Civic LX in some parts of the country. Looking to get an even better deal? Ask your local dealer about a Kia Single Pay Lease.
Kia's advertised price is available in CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, and WY. Current offers are set to expire on January 2nd. If you think you'll drive more than the allowed amount, be sure to see your dealer about customizing the lease to fit your needs.
2025 Subaru Outback Wagon Lease Deal
- Term: 36 Months
- Due at Signing: $3,049
- Mileage Allowance: 10,000 mi/yr
- MSRP: $30,290
A price cut has made the 2025 Subaru Outback an even better deal than before. This month's payment starts at just $299 (previously $305), resulting in an effective cost of just $384 per month. To put that into perspective, the redesigned 2025 Subaru Forester comes out to $408. We consider the Outback a better deal.
If you're a returning customer, be sure to ask your dealer about Subaru's $500 loyalty discount for lessees. Alternatively, you may qualify for Subaru VIP Pricing if you're a member of an eligible organization. This may present a great opportunity to score a haggle-free discount on an Outback wagon. Offers end December 2nd.
2024 Nissan LEAF Lease Deal
Electric- Term: 36 Months
- Due at Signing: $2,529
- Mileage Allowance: 10,000 mi/yr
- MSRP: $29,810
The 2024 Nissan LEAF is the cheapest EV you can lease. In Colorado, the LEAF S is listed at just $109 with $2,529 at signing. The catch is that the deal factors in a state tax credit that not everyone may qualify for. Prices in other parts of the country are more expensive and don't have the same advantage.
Despite being a cheap EV to lease, the Nissan LEAF S has a 40 kWh battery capable of just 149 miles. Additionally, the LEAF uses a CHAdeMO charging connector that's being phased out. These downsides could be deal-breakers for shoppers attracted by the LEAF's unbelievably low price to lease.
Best Car Lease Deals Near You
Deals found in Ceres, CA 95307- Term: 42 Months
- Due at Signing: $2,999
- MSRP: $34,095
- Effective Cost: $262
- Term: 36 Months
- Due at Signing: $3,499
- MSRP: $21,415
- Effective Cost: $296
- Term: 36 Months
- Due at Signing: $3,499
- MSRP: $24,145
- Effective Cost: $316
Best SUV Lease Deals
2024 Hyundai IONIQ 5 SUV Lease Deal
Electric- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 12,000 mi/yr
- MSRP: $42,985
The 2024 Hyundai IONIQ 5 is one of the best bang-for-buck lease deals on an SUV. Through December 2nd, the SE Standard Range has an effective cost of just $326 per month. Alternatively, you can step up to the Long Range version for an extra $30. The range difference comes down to 220 miles vs. 303.
That's a good deal, but you may be able to do even better. This month, Hyundai introduced an Aged Inventory Rebate Program on IONIQ 5s that have been in dealer stock for over 180 days. It's worth an extra $1,000 and isn't included in the above pricing. Neither is a $1,000 Tesla owner conquest discount
Does this mean you could score an IONIQ 5 for $159 with $1,999 at signing? If so, it could make the EV's effective cost plummet to $215. Note Hyundai's IONIQ 5 incentives are skewed to favor shorter leases because of their higher residual values. Hyundai Single Pay leases may get you even better deals.
2024 Honda Prologue SUV Lease Deal
Electric- Term: 36 Months
- Due at Signing: $1,299
- Mileage Allowance: 10,000 mi/yr
- MSRP: $48,795
The 2024 Honda Prologue is about $30 cheaper to lease than last month. The biggest change is that the best Prologue leases are no longer limited to shoppers in California. Starting in November 2024, those in ZEV States like Colorado, New Jersey, New York, and Oregon can get the same great deals.
With a $1,000 Honda lease loyalty discount (or lease conquest offer if you're coming from another brand), the Prologue's effective cost can be as low as $265 per month. That makes this Honda's cheapest vehicle to lease. Without the loyalty discount, the price is $30 higher with a payment of $259 per month.
In other parts of the country, Prologue EX lease prices start at $289 per month with the same amount at signing ($259 with loyalty or conquest cash). In ZEV states, you'll now find up to $18,000 in lease cash with lease or conquest cash. That translates to a 37% discount off MSRP. Offers end on January 2nd.
2024 VinFast VF 8 SUV Lease Deal
Electric- Term: 36 Months
- Due at Signing: $894
- Mileage Allowance: 10,000 mi/yr
- MSRP: $47,200
The 2024 VinFast VF 8 is among the cheapest EVs you can lease. With an effective cost of $277 per month, this may be the cheapest vehicle to lease in America. That's a pretty big deal given the vehicle's MSRP of over $47,000.
The VF 8 Eco has a range of 264 miles. While the VF 8 hasn't received the best reviews, lessees may find this an incredible value. Unlike other EVs on the market, the VF 8 is only sold in Alabama, California, Connecticut, and Florida.
2024 Kia EV6 Lease Deal
Electric- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $47,325
A few months ago, the 2024 Kia EV6 got a $30 per month price cut to the lowest payment we've seen in months. In California and ZEV states, the EV6 Light Long Range can have an effective cost as low as $346 per month. That's just $10 more than a Kia Soul LX despite a $26,000 difference in the MSRPs.
In this configuration, the EV6 has a range of up to 310 miles. The higher residual values of a 24-month lease are a sweet spot in our view. In the case of the GT-Line AWD, Kia is offering as much as a $16,100 discount off MSRP. Offers may vary slightly by region and are due to expire on January 2nd, 2025.
2024 GMC Terrain SUV Lease Deal
- Term: 24 Months
- Due at Signing: $3,069
- Mileage Allowance: 10,000 mi/yr
- MSRP: $31,695
The 2024 GMC Terrain can be a great SUV to lease if you're coming from another GM model. Through December 2nd, GM lessees can score a Terrain SLE AWD for an effective cost as low as $377 per month. Just be aware that your price will be a lot higher if you aren't eligible for the loyalty discount.
2024 Kia Niro EV SUV Lease Deal
Electric- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $40,925
The 2024 Kia Niro Wind EV remains $50 cheaper to lease than before, with a payment of just $169 per month in some states. At an effective cost of $336 per month, it's cheaper to lease than the hybrid Niro ($376) despite having a significantly higher MSRP.
This is a regional deal we're seeing in the following states: CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY. Elsewhere, Kia's advertised lease is $199 per month but for a longer term of 36 months with the same amount at signing.
The offers end on January 2nd and mark the best deals we've ever seen on the all-electric Niro. Looking for an even better value? Ask your dealer about a Kia Single Pay Lease to get an even lower money factor by prepaying your Niro EV lease upfront.
2024 Subaru Solterra SUV Lease Deal
Electric- Term: 36 Months
- Due at Signing: $329
- Mileage Allowance: 10,000 mi/yr
- MSRP: $46,340
The 2024 Subaru Solterra Premium remains a steal at $329 with no money down. The amount due at signing is just your first month's payment and brings the effective cost to $338. At this price, the Solterra is cheaper to lease than a 2025 Subaru Forester which has an effective cost of $408 per month.
The offer is due to expire on December 2nd and can be found in most parts of the country. While the Solterra doesn't have the fastest charging speeds for an EV, it does come standard with all-wheel drive and has a range of up to 228 miles depending on the trim. We expect no changes for Black Friday.
Best SUV Lease Deals Near You
Deals found in Ceres, CA 95307- Term: 24 Months
- Due at Signing: $3,999
- MSRP: $40,925
- Effective Cost: $336
- Term: 24 Months
- Due at Signing: $3,999
- MSRP: $47,325
- Effective Cost: $346
- Term: 24 Months
- Due at Signing: $3,999
- MSRP: $40,975
- Effective Cost: $356
Best Luxury Car Lease Deals
2025 Lexus ES Hybrid Luxury Car Lease Deal
Hybrid- Term: 36 Months
- Due at Signing: $4,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $54,119
The 2025 Lexus ES Hybrid features a $3,000 lease incentive in some parts of the country. On the West Coast, the ES 300h has an effective cost of just $628 per month. That's actually less than an IS 300 ($638) even though the ES Hybrid's MSRP is over $9,000 more expensive.
If you're stuck in an existing Lexus lease, the brand is offering up to a 6-month payment waiver. This could be a good way to upgrade sooner rather than later. Current offers will end on December 2nd and may vary by region. We think it's unlikely that the ES will get Black Friday deals.
2025 BMW i4 Luxury Car Lease Deal
Electric- Term: 36 Months
- Due at Signing: $5,389
- Mileage Allowance: 10,000 mi/yr
- MSRP: $60,425
The 2025 BMW i4 just got its first lease deal and it's already quite good. With an effective cost of $609 in most parts of the country, the i4 eDrive40 is an exceptional value.
Coming from another EV or plug-in? BMW's BEV Conquest Program was extended and offers an extra $1,000 in savings. The offer doesn't require you to trade in your existing vehicle. It can also be transferred to members of the same household. Current offers end on December 2nd.
Best Luxury Car Lease Deals Near You
Deals found in Ceres, CA 95307- Term: 36 Months
- Due at Signing: $4,999
- MSRP: $35,595
- Effective Cost: $518
- Term: 36 Months
- Due at Signing: $4,999
- MSRP: $35,595
- Effective Cost: $528
- Term: 36 Months
- Due at Signing: $3,969
- MSRP: $41,290
- Effective Cost: $519
Best Luxury SUV Lease Deals
2024 Lexus RX 350 Luxury SUV Lease Deal
- Term: 36 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $52,560
The 2024 Lexus RX 350 is $20 cheaper to lease in November. With an effective cost of $590 per month, we consider this a solid price cut ahead of the holiday season. Lexus lessees may be able to take advantage of a payment waiver to get out of their current lease a lot sooner than scheduled.
The example is for the West Coast and includes $4,000 in lease cash. On the East Coast, the RX plug-in hybrid features a $11,000 discount that can enable you to lease the F-Sport trim for $659 with $4,999 at signing. It's unclear if offers will improve next month for the December To Remember Sales Event.
2024 Acura ZDX Luxury SUV Lease Deal
Electric- Term: 27 Months
- Due at Signing: $4,999
- Mileage Allowance: 7,000 mi/yr
- MSRP: $65,850
The 2024 Acura ZDX is the best luxury SUV you can lease with an effective cost of just $504 per month for the A-SPEC trim. In California, that's the same as what it costs to lease a 2024 Jeep Grand Cherokee Laredo despite a sticker price difference of well over $23,000. Acura's lease includes a $4,000 loyalty discount which can also take the form of a bonus when coming from a competitive lease.
This is a regional deal available till January 2nd in California, New York, Oregon, and other ZEV states. In Arizona, Florida, Texas, and other states, expect the price to be about $26 per month higher. At $504, our analysis found that the futuristic EV is cheaper to lease than an RDX ($628). That also makes it just $4 more expensive than Chevy's advertised lease for the 2024 Blazer EV ($500) in most regions.
This month's deal is identical to before. However, shoppers should be aware that the mileage allowance changed from 7,500 miles per year to 7,000. This could create a sense that lessees are getting slightly less for their money in November. If you think you'll drive your ZDX a lot, you'll have to have a dealer customize your lease, which may result in a lower residual value for the vehicle and a higher price.
Best Luxury SUV Lease Deals Near You
Deals found in Ceres, CA 95307- Term: 24 Months
- Due at Signing: $3,439
- MSRP: $23,495
- Effective Cost: $362
- Term: 24 Months
- Due at Signing: $4,879
- MSRP: $39,795
- Effective Cost: $482
- Term: 27 Months
- Due at Signing: $4,999
- MSRP: $65,850
- Effective Cost: $504
Best Truck Lease Deals
2024 Toyota Tacoma Truck Lease Deal
- Term: 39 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $39,069
The 2024 Toyota Tacoma is $30 per month cheaper to lease in November. Based on a dealer incentive bulletin, our analysis found this can be attributed to a lower money factor and a 39-month lease term (previously 36). The SR5 4x2 Double Cab now has an effective cost of just $332 per month.
Tacoma leases are around $100 per month cheaper than this past summer. This is a regional offer for Southern California. Expect prices to vary depending on where you live. At $332, the Tacoma is $150 per month cheaper to lease than a Chevy Colorado LT ($482). The offer ends December 2nd.
2024 GMC Sierra 1500 Truck Lease Deal
- Term: 36 Months
- Due at Signing: $4,769
- Mileage Allowance: 10,000 mi/yr
- MSRP: $57,195
The 2024 GMC Sierra 1500 is an even better deal than before thanks to a recent price cut. The Sierra 1500 Elevation 4x4 TurboMax Crew Cab has a lower amount due at signing compared to before. As a result, its effective cost has fallen to $501 per month (previously $515).
The catch is that you'll need to qualify for a loyalty discount for Buick and GMC lessees. At $501 per month, the Sierra is cheaper to lease than the GMC Canyon ($528 for the Elevation 4x2 Crew Cab). That makes this a huge upgrade given the $20,000 difference in MSRPs.
Best Truck Lease Deals Near You
Deals found in Ceres, CA 95307- Term: 36 Months
- Due at Signing: $3,999
- MSRP: $38,944
- Effective Cost: $400
- Term: 36 Months
- Due at Signing: $3,999
- MSRP: $42,144
- Effective Cost: $400
- Term: 36 Months
- Due at Signing: $3,299
- MSRP: $41,145
- Effective Cost: $421
FAQs
Which cars are best to lease?
The best cars to lease generally have high residual values, though we sometimes find that manufacturers offset these with generous lease cash incentives.
The lease money factor is the interest rate and may fluctuate over time. It’s often expressed as a decimal but can be converted to a percentage by multiplying it by 2400.
Lease deals change monthly, but models like the Hyundai Elantra, Buick Enclave, and Chevy Silverado often rank among the best cars and trucks that you can lease.
Which car brands have the best deals?
Buick, Hyundai, and Kia often have aggressive discounts that can make them excellent to lease. However, offers vary depending on the model and may include conditional discounts.
For example, Honda leases may include a $500 loyalty discount. Similarly, Chevy lease deals often include up to a $1,500 lease conquest discount for those with a non-GM lease.
Do you need good credit to lease a car?
New car lease deals are generally based on above-average credit. For example, Kia lease incentives assume Tier 1 or Tier 2 credit which means a FICO score over 720.
If you don’t have top-tier credit, expect your price to be higher. For example, the difference between Tier 2 and Tier 3 interest rates on the Kia Sorento is around 0.5% APR.
Why do lease prices vary by region?
Manufacturer incentives often vary depending on where you live. This can especially be the case when it comes to lease deals.
For example, advertised leases from Honda tend to be available nationally. In contrast, Toyota lease prices vary heavily by region.
Brands like Infiniti tend to also offer better prices in regions where leasing is more popular, like California, New York, and Florida.
Why won’t dealers honor the advertised price?
Car manufacturers often use lease deals to get your attention in ads on TV and online. These are merely examples because actual prices are determined by your local dealers.
If you’re comparing dealer prices versus manufacturer lease deals, it’s important to keep in mind that they may not be based on the same configurations or include optional equipment.
For example, the BMW X3 has a base price of about $47,000, but heated seats are only available with the $3,500 Premium Package, so you may see differences in prices.
Manufacturer lease examples also don’t reflect market adjustments. While it may be possible to avoid a dealer markup, this may be difficult if the car you want is harder to find.
Your dealer will probably quote you an out-the-door price with taxes & fees. These are never included in factory offers because only your dealer can provide a customized price.
There’s also the fact that the cheapest lease prices assume top-tier credit for well-qualified buyers. If you don’t have a credit score over 700, you could be looking at a higher price.
What does lease loyalty mean?
Lease loyalty is a manufacturer discount that rewards customers for leasing another car from the same brand. In some cases, advertised lease prices may include these discounts.
Loyalty leases generally don’t require you to trade in your current car and can often be transferred to others in the same household. Be sure to ask your dealer for full details.
What does lease conquest mean?
Lease conquest cash is a manufacturer incentive meant to entice you to switch brands. In most cases, lease conquest offers require you to currently lease a qualifying vehicle.
Offers may also target specific brands. For example, a luxury car lease may be the cheapest when coming from a high-end brand. Program rules will usually spell out these limitations.
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