Cheapest Lease Deals: April 2020

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis 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 in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - April 7, 2020

We analyzed hundreds of offers to find the cheapest lease deals in April. Although sales were down for the industry last month due to COVID-19, analysis shows leases have not experienced strong incentive enhancements like finance offers have. Below you'll find the 5 cheapest leases for small cars, midsize cars, subcompact SUVs, compact SUVs, midsize SUVs, trucks, luxury cars, and luxury SUVs.

April continues to bring a good mixture of automakers. Kia remains one of the strongest brands with an affordable lease in almost every segment. This month's deal on the BMW i3 presents an excellent value for an electric vehicle relative to its almost $50,000 MSRP. The lowest-priced leases start at just $149/month. Many include special discounts for switching brands or staying with the same automaker, some of which have been enhanced due to coronavirus.

To help you make smarter lease comparisons, we’ve listed the cheapest offers based on effective cost. This allows you to see what a lease costs based on payment, term and amount due at signing. Offers can vary by region. In competitive areas, you may be able to negotiate an even better price.

For the latest developments in light of COVID-19, we've put together a complete list of manufacturer deals and assistance programs. Be sure to also read our analysis of what coronavirus means for car buyers.

Cheapest Small Car Leases
Cheapest Midsize Car Leases
Cheapest Subcompact SUV Leases
Cheapest Compact SUV Leases
Cheapest Midsize SUV Leases
Cheapest Truck Leases
Cheapest Luxury Car Leases
Cheapest Luxury SUV Leases

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Vehicle	Lease Deal	Effective Cost	Region
2020 Hyundai Elantra SE	$149 for 36 months, $2,499 due at signing	$218	Los Angeles
2020 Kia Forte LXS	$159 for 36 months, $2,499 due at signing	$228	CA & Select States
2020 Subaru Impreza 2.0i Sedan with CVT	$175 for 36 months, $2,169 due at signing	$235	Los Angeles
2020 Kia Forte GT-Line	$169 for 36 months, $2,499 due at signing	$238	CA & Select States
2020 Honda Fit LX with CVT	$179 for 36 months, $2,199 due at signing	$240	National

Vehicle	Lease Deal	Effective Cost	Region
2020 Kia Optima LX	$189 for 39 months, $2,999 due at signing	$272	CA & Select States
2020 Nissan Altima 2.5 S	$229 for 36 months, $2,359 due at signing (incl. $500 Loyalty Bonus).	$295	Los Angeles
2020 Hyundai Sonata 2.4L SE	$219 for 36 months, $2,799 due at signing	$297	Los Angeles
2020 Mazda Mazda6	$298 for 36 months, $2,499 due at signing	$229	Los Angeles
2020 Volkswagen Passat	$299 for 39 months, $0 due at signing	$299	California, Utah

Vehicle	Lease Deal	Effective Cost	Region
2020 Honda HR-V LX	$189 for 36 months, $2,599 due at signing	$261	National
2021 Kia Seltos S FWD	$199 for 36 months, $2,699 due at signing	$274	National
2020 Toyota C-HR	$219 for 36 months, $1,999 due at signing	$275	Southern California
2020 Chevrolet Trax LT	$179 for 39 months, $3,739 due at signing	$275	National
2020 Ford Ecosport S	$212 for 36 months, $2,336 due at signing	$277	California

Vehicle	Lease Deal	Effective Cost	Region
2019 Kia Niro LX	$199 for 36 months, $2,999 due at signing	$282	CA & Select States
2020 Kia Sportage LX	$199 for 36 months, $2,999 due at signing	$282	CA & Select States
2020 Volkswagen Tiguan S 2.0 T	$289 for 42 months, $0 due at signing	$289	California
2020 Hyundai Tucson SE	$219 for 36 months, $2,699 due at signing	$295	Los Angeles
2020 Chevrolet Equinox	$289 for 24 months, $2,549 due at signing (California, Non-GM Lessees)	$294	California

Vehicle	Lease Deal	Effective Cost	Region
2020 GMC Terrain SLE	$259 for 39 months, $659 due at signing (Current Non-GM Lessees)	$276	California
2020 Hyundai Santa Fe SE	$219 for 36 months, $2,899 due at signing	$300	Los Angeles
2020 Kia Sorento LX 4-cylinder	$239 for 36 months, $3,499 due at signing	$336	CA & Select States
2020 Chevrolet Blazer	$269 for 36 months, $2,729 due at signing	$345	National
2020 Honda Pilot LX	$269 for 36 months, $2,999 due at signing	$352	National

Vehicle	Lease Deal	Effective Cost	Region
2019 Ford Ranger XL 4x2 Crew Cab	$219 for 36 months, $2,999 due at signing	$302	California
2019 Chevrolet Silverado 1500 4x2 Crew Cab	$289 for 39 months, $1,219 due at signing (Current GM Lessees)	$320	National
2019 Nissan Frontier SV 4x4 Crew Cab Midnight Edition	$254 for 36 months, $2,611 due at signing (Incl. $750 Loyalty Bonus)	$327	Los Angeles
2020 Chevrolet Silverado 1500 4x2 Crew Cab	$259 for 24 months, $1,879 due at signing (Current GM Lessees)	$337	National
2020 Jeep Gladiator	$227 for 36 months, $3,995 due at signing	$338	California

Vehicle	Lease Deal	Effective Cost	Region
2020 Acura ILX Base	$239 for 36 months, $2,799 due at signing	$317	National
2020 Acura TLX Base	$279 for 24 months, $2,499 due at signing (Conquest/ Loyalty)	$383	National
2020 Volvo S60 T5 Momentum	$299 for 36 months, $3,599 due at signing	$399	Los Angeles
2020 Audi A3	$329 for 36 months, $3,223 due at signing.	$419	Los Angeles
2020 BMW i3	$309 for 36 months, $3,999 due at signing	$420	California

Vehicle	Lease Deal	Effective Cost	Region
2020 Buick Encore GX Preferred	$239 for 39 months, $1,459 due at signing (Current GM Lessees)	$276	California
2020 Buick Envision Preferred	$299 for 36 months, $1,379 due at signing (Current GM Lessees).	$337	California
2020 Buick Enclave Essence	$319 for 39 months, $2,739 due at signing (Current GM Lessees)	$389	California
2020 Lexus UX 300	$309 for 36 months, $3,999 due at signing	$420	Western States
2020 Volvo XC40	$335 for 36 months, $3,385 due at signing	$442	Los Angeles