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Best New Car Lease Deals: April 2024

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We analyzed 428 of the latest lease specials to find the best car lease deals in April. 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.

While interest rates remain high across the industry, the best cars to lease can offer payments as low as $164 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.

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.

Best Car Lease Deals

2024 Hyundai Elantra n-line sedan grey colorMonthly Payment $199
  • Term: 36 months
  • Due at Signing: $3,499
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $22,590

Lease prices for the 2024 Hyundai Elantra have gone down three times in recent months. The recently revamped Elantra SE sedan can now be leased for $199 per month. If you're shopping based on price, this remains one of the cheapest cars you can lease.

To help put this into perspective, the effective cost of a Honda Civic LX is $359. That's a price difference of $63 per month. Hyundai's price includes 10,000 miles per year and ends on April 30th. We're seeing this deal available in many parts of the country.

Kia Forte GT Line sedan grey colorMonthly Payment $199
  • Term: 36 months
  • Due at Signing: $3,499
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $21,415

Kia effectively price-matched the Hyundai Elantra with a $199 lease on the Forte. Through April 30th, the 2024 Kia Forte LX benefits from a $40-per-month price cut that you couldn't get before. As a result, the 4-door sedan has an effective cost of $296 per month before taxes & fees.

Kia's advertised price is available in the following states: CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY, and assumes 10,000 miles per year. We don't expect the lease deal on the 2024 Kia Forte sedan to get any better than this for the time being.

2024 Hyundai IONIQ 6 EV red colorMonthly Payment $330
  • Term: 24 months
  • Due at Signing: $350
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $43,565

The 2024 Hyundai IONIQ 6 is an absolute steal thanks to a 24-month lease deal introduced late last month. What's more, this month's payment is even cheaper than before. As a result, the effective cost of the IONIQ 6 SEL with front-wheel drive can be as low as $345 per month.

Alternatively, the all-wheel-drive version can be leased for $428 with $448 at signing. At this price, the IONIQ 6 is cheaper to lease than the IONIQ 5 and gets more range to boot. The latest offer is based on 10,000 miles a year and we're seeing it in most regions through April 30th.

Best SUV Lease Deals

2024 Hyundai Kona EV SUV yellow colorMonthly Payment $164
  • Term: 24 months
  • Due at Signing: $2,004
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $38,050

The 2024 Hyundai Kona is unbelievably affordable to lease thanks to the higher residual value of a 24-month contract. This month's deal on the 100%-electric Kona SEL now has an effective cost of just $248 per month. That's over $100 per month cheaper than the gas model ($350) despite the EV having a higher MSRP.

The Kona EV was recently updated and can travel up to 261 miles on a single charge. With its DC fast charger, Hyundai says the Kona can go from a 10% charge to 80% in as little as 43 minutes. Based on our analysis, the Kona isn't just one of the best EV deals, it's also one of the best lease deals on any SUV right now.

Hyundai IONIQ 5 EV SUV grey colorMonthly Payment $209
  • Term: 24 months
  • Due at Signing: $3,499
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $48,7750

Hyundai is using a 24-month lease on the IONIQ 5 SEL to offer the cheapest lease to date. This month's deal is $20 per month lower than before and takes advantage of a higher residual value than you'd be able to get otherwise. At this price, the effective cost of the IONIQ 5 is just $355 per month.

In this configuration, the IONIQ 5 has a range of up to 303 miles. The model shines when it comes to charging speeds, with the claimed ability to go from 10% range to 80% in just 18 minutes when using 800V DC quick charging. The offer ends on April 30th and can be found in most parts of the country.

Jeep Compass Trailhawk crossoverMonthly Payment $229
  • Term: 27 months
  • Due at Signing: $4,709
  • Mileage Allowance: 7,500 mi/yr
  • MSRP: $37,840

The 2024 Jeep Compass Limited has a surprisingly good deal in the Northeast with an effective cost of just $403 per month. What's also noteworthy is that, unlike other Jeep incentives, the lease deal on the Limited 4x4 doesn't require you to qualify for a loyalty discount to get the low price.

Having said that, this month's Compass lease deal is based on just 7,500 miles per year. That's extremely low, and the lower residual value could be enabling Jeep to offer such a great deal. If you think you'll need more, you may not get as low of a price. The offer is set to expire on April 30th.

Chevrolet Equinox SUV red color front viewMonthly Payment $299
  • Term: 36 months
  • Due at Signing: $1,109
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $30,890

The 2024 Chevy Equinox remains one of the best SUVs you can lease for under $300. Through April 30th, the Equinox LT can have an effective cost as low as $330 per month. That makes the Chevy Equinox significantly better to lease than a 2024 Honda CR-V LX ($416).

At this price, the Equinox is even cheaper to lease than the smaller 2024 Chevy Trax ($386). This month's deal is available nationally based on 10,000 miles a year and includes a discount for those coming from an existing GM lease or that of a competing vehicle brand. Thinking of going electric? The Chevy Equinox EV promises an affordable replacement for the Bolt EV, though early offers leave a lot to be desired. Our analysis actually found that Equinox EV prices can be roughly twice as expensive as Equinox leases. Yowza.

Kia Niro EV redesign white exterior color on roadMonthly Payment $219
  • Term: 36 months
  • Due at Signing: $3,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $40,925

The 2024 Kia Niro EV has an effective cost of just $330, making it cheaper to lease than the entry-level Niro Hybrid ($376). That's a big deal considering that the difference in MSRPs is nearly $13,000. Talk about getting more for your money.

This is a regional deal we're seeing in the following areas: Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. Elsewhere, expect the monthly payment to be around $20 higher but still represent a deal. The offer ends on April 30th and marks the best deal we've ever seen on the all-electric Niro. Looking for an even better deal? Ask your local dealer about a Kia Single Pay Lease for a way to score an even lower money factor by prepaying your entire lease upfront.

2023 Subaru Solterra EV blue off-roadMonthly Payment $329
  • Term: 36 months
  • Due at Signing: $329
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $46,340

Subaru just cut 2024 Solterra lease prices to $329 per month with no money down. The $329 amount due at signing merely represents the first month's payment. This nearly matches the incredible deal Subaru had on the 2023 Solterra, which recently sold out.

Compared to last month, the Solterra's lease payment fell by $70 per month. The amount at signing also went down by $2,570. Compared to before, our analysis found the effective lease cost of the Solterra fell by $142 per month. That's a huge price cut.

The offer will end on April 30th and can be found in most parts of the country. While the Solterra doesn't have the fastest charging compared to other EVs, it does come standard with all-wheel drive and has a range of up to 228 miles depending on the trim.

Best Luxury Car Lease Deals

Cadillac CT4 Blackwing luxury carMonthly Payment $379
  • Term: 36 months
  • Due at Signing: $4,599
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $54,545

The 2024 Cadillac CT4 is one of the cheapest luxury cars to lease. This month's featured deal is for the Premium Luxury trim and has an effective cost of $490 a month. We think you'll have a hard time finding another luxury car in this segment with a lease under $500. The offer is due to end on April 30th.

BMW i4 M60 electric car red colorMonthly Payment $499
  • Term: 36 months
  • Due at Signing: $4,599
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $54,545

The i4 is BMW's cheapest vehicle to lease. That's because it benefits from a $7,500 lease incentive that you can't get on a regular 4-Series.

With an effective cost of $627, the BMW i4 eDrive35 is $181 per month cheaper to lease than the 430i Gran Coupe. And that's even though the i4's MSRP is almost $4,000 higher on paper. The offer is available in most regions and ends on April 30th.

Best Luxury SUV Lease Deals

2024 Buick Enclave luxury SUV silver colorMonthly Payment $320
  • Term: 24 months
  • Due at Signing: $4,130
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $45,295

The 2024 Buick Enclave benefits from a $4,250 discount for current Buick and GMC lessees. With the incentive factored in, the national lease on the Buick Enclave Essence can be as low as $492 a month. If you happen to qualify, we think you'll be hard-pressed to find a better deal on a midsized luxury SUV.

Having said that, many buyers may not be eligible, and that will cause the amount at signing to skyrocket. As a result, we don't think this deal is for everyone. The offer is due to end on April 30th. As of this writing, it's unclear if Buick plans to introduce better prices for Memorial Day like we've seen in the past.

2023 Lexus RZ electric luxury SUV front viewMonthly Payment $409
  • Term: 27 months
  • Due at Signing: $4,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $62,935

A $15,000 discount on the Lexus RZ can enable you to get a surprisingly affordable lease. In New York, the 2023 RZ 450e Premium has an effective cost of just $594.

That's way cheaper than the advertised RX 350 Premium lease ($678). As a result, the RZ could save you money despite having a much higher sticker price.

Best Truck Lease Deals

2024 Toyota Tacoma truck double cabMonthly Payment $349
  • Term: 36 months
  • Due at Signing: $2,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $40,139

Even though the 2024 Toyota Tacoma has been completely redesigned, the truck's first lease deal is surprisingly good. In Southern California, the 2024 Tacoma SR5 4x2 Double Cab has an effective cost of just $432 per month.

Since Toyota isn't offering a discount on the 2024 Tacoma, we think its high residual value is making it an exceptional truck to lease. At $432 a month, the Tacoma is around $60 cheaper to lease than a 2024 Chevy Colorado. It's also worth noting that, unlike GM, the price doesn't include a loyalty discount.

Still, dealers set prices and we think it may be difficult to lease a Tacoma for $349 a month. To get the best deal possible, compare prices with multiple dealers and be aware that prices are based on supply & demand and there's no lease cash to help bring down Tacoma prices.

RAM 1500 Crew Cab truck front viewMonthly Payment $439
  • Term: 42 months
  • Due at Signing: $4,640
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $55,880

The 2024 RAM 1500 remains the best truck you can lease with an effective cost of $549 a month. That's not cheap, but the deal is for a Big Horn 4x2 with an MSRP of nearly $56,000. To help put that into perspective, that's $36 less than the 2024 Ford F-150 even though the RAM's sticker price is $9,600 more expensive.

What's more, Ford's deal on the F-150 includes a discount you can only get when trading in a vehicle. There's no such requirement on the RAM 1500. Previous offers included a loyalty discount for returning FCA lessees, but that's no longer the case. The offer is due to end on April 30th. Example based on California.

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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