Cheapest Lease Deals: October 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 - October 10, 2017

Finding the cheapest lease isn’t easy. Deals and low monthly payments are great, but a high amount at signing can ruin a great-sounding lease. That’s why we looked at the effective cost of over 600 promotional offers to find the cheapest lease deals in October.

With special offers starting at just $129/month, there are affordable options on a wide variety of new cars, SUVs and trucks. In some cases, we’re even seeing some of the best deals of the year as a result of model year-end sales events.

We’ve listed the cheapest leases in each segment based on effective cost when factoring both the payment and amount at signing. We’ve even found unadvertised deals that you won’t see listed anywhere else.

For more exclusive insights, be sure to also check out our monthly analysis of the best lease deals. Offers can vary by region and assume a Los Angeles location unless noted otherwise. Please check back for updates.

Last updated 7:00 am, Tuesday, October 10

Cheapest Small Car Leases

Volkswagen Jetta

The 2017 VW Jetta continues to rank as the cheapest lease on a small car. In Western states like California, shoppers get an extremely affordable lease starting at just $129/month. In other parts of the country, the Kia Forte is a top pick and one of the few cars with an effective cost under $200/month.

The popular Honda Fit and Nissan Sentra are battling it out with less than a $5 difference in effective lease cost. However, for a more feature-packed alternative, the Toyota Corolla offers a slew of advanced safety features like a pre-collision system and lane departure warning for just a little bit more.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Volkswagen Jetta 1.4T S $129/$1,999/36 $185 $19,815 Get Quote
2017 Kia Forte 2.0 LX Sedan $139/$1,999/36 $195 $18,495 Get Quote
2017 Honda Fit LX $139/$2,399/36 $206 $17,765 Get Quote
2017 Nissan Sentra SV w/CTV $149/$2,199/36 $210 $20,115 Get Quote
2017 Toyota Corolla SE $159/$1,999/36 $215 $21,534 Get Quote


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Cheapest Midsize Car Leases

Honda Accord

The Honda Accord, VW Passat and Kia Optima are all in a virtual dead heat with the exact same effective lease cost of just under $250. Given how close the cars are in price, it’s a good time to take time to cross-shop and find the one that’s right for you.

Please note that although the Mazda6 benefits from a mid-year update called the 2017.5 Mazda6, the featured deal is for the “old” version. The newer model gains some nice features but suffers from a $20 higher payment than the offer here.

Sadly, previous top picks like the 2017 Camry and 2017 Sonata are no longer eligible for lease specials now that the focus has shifted to the latest 2018 models. The cars are still on sale, but you’ve likely missed the window to get a great lease.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
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
2017 Kia Optima LX 4-cyl $189/$1,999/36 $245 $23,095 Get Quote
2017 Subaru Legacy 2.5i Standard $175/$2,585/36 $247 $22,815 Get Quote
2017 Mazda Mazda6 Sport $199/$1,999/36 $255 $23,895 Get Quote


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Cheapest Small SUV Leases

Subaru Crosstrek

The 2017 Subaru Crosstrek is the cheapest lease on a compact SUV at just $189/month. However, we think it’s worth upgrading to the redesigned 2018 Crosstrek since it’s only an extra $10/month. You’ll be getting a more advanced vehicle with better connectivity and safety options.

Next up, the sporty CX-5 is a top pick when it comes to value following a price cut last month to just $199/month. It now has the exact same effective cost as the Toyota RAV4 here in Los Angeles. Finally, the Sportage continues to rank well with an effective cost just $11/month more than the RAV4.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Subaru Crosstrek 2.0i Standard (Manual) $189/$1,979/36 $244 $22,570 Get Quote
2018 Subaru Crosstrek 2.0i Standard (Manual) $199/$1,979/36 $254 $22,720 Get Quote
2017 Mazda CX-5 Sport FWD $199/$1,999/36 $255 $24,985 Get Quote
2017 Toyota RAV4 LE FWD $199/$1,999/36 $255 $26,074 Get Quote
2017 Kia Sportage LX FWD $199/$2,399/36 $266 $24,095 Get Quote


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Cheapest Midsize SUV Leases

Kia Sorento

The 2017 Kia Sorento continues to be the cheapest lease on a midsize SUV with a payment of just $209/month. However, the Mitsubishi Outlander received a price cut back in September and is just $5/month more when comparing effective costs.

If you’re looking to keep your effective cost under $300, consider the 2017 Hyundai Santa Fe Sport. Although you can opt for the 2018 model, the latest version offers virtually the same equipment but will cost you $29 more per month.

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 Mitsubishi Outlander 2.4 ES CVT 2WD $229/$2,728/48 $286 $24,390 Get Quote
2018 Kia Sorento LX 2.4L FWD $219/$2,799/36 $297 $28,040 Get Quote
2017 Hyundai Santa Fe Sport 2.4L Base FWD $249/$1,749/36 $298 $26,245 Get Quote
2018 Hyundai Santa Fe Sport 2.4L Base FWD $249/$2,799/36 $327 $25,900 Get Quote


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Cheapest Truck Leases

Toyota Tacoma

The popular Toyota Tacoma doesn’t feature a ton of discounts like competitors, but shoppers in New York can enjoy a $249/month lease due in part to the vehicle’s favorable residual value. Offers vary by region, so be sure to check local offers.

The Nissan Frontier may seem similar, but a closer look reveals you could actually lease a RAM 1500 for just $10 more per month despite a $6,400 difference in MSRP. Finally, the F-150 can be a remarkable value but mainly when you choose an STX model with the 2.7-liter EcoBoost engine.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Toyota Tacoma SR5 V6 Double Cab 4x4 (NYC) $249/$3,999/36 $360 $35,497 Get Quote
2017 Nissan Frontier SV 4x4 Crew Cab $299/$2,999/36 $382 $29,855 Get Quote
2017 RAM 1500 Express 4x2 Quad Cab $309/$2,999/36 $392 $36,255 Get Quote
2017 Ford F-150 XL w/STX 4x2 2.7L SuperCrew $219/$4,569/24 $409 $37,755 Get Quote
2017 Toyota Tundra SR V8 Double Cab $359/$1,999/36 $415 $31,414 Get Quote


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Cheapest Luxury Car Leases

Acura ILX

Once again, nothing beats the Acura ILX when it comes to affordability in a luxury car lease. In fact, it’s the only model with an effective cost under $300. If you can believe it, that’s less than a 2017 Chevy Cruze LT ($335).

For a feature-rich alternative, consider the 2017 Volvo S60. At $355, its effective cost is cheaper than any vehicle priced around $39,000 and gets you leather, alloy wheels, a moonroof, advanced safety features and more. All for less than a Buick Regal despite a $9,350 difference in MSRP.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Acura ILX Base 8-Spd DCT $199/$2,499/36 $268 $28,940 Get Quote
2017 Volvo S60 T5 Inscription FWD $259/$3,439/36 $355 $38,890 Get Quote
2017 Buick Regal Sport Touring FWD $259/$3,819/39 $357 $29,540 Get Quote
2018 Acura TLX Base 4-cyl DCT $309/$2,499/36 $378 $33,950 Get Quote
2018 Volvo S60 T5 Inscription FWD $285/$3,465/36 $381 $39,290 Get Quote


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Cheapest Luxury SUV Leases

Buick Encore

The 2017 Buick Encore continues to be the cheapest lease on a luxury SUV. At $313, its effective cost is just $18 more than a Chevy Trax LT ($295). However, the 2017 Infiniti QX30 is a superior value with an effective cost under $350/month despite a $5,655 difference in MSRP.

For something that looks and feels a bit more premium, be sure to consider the 2018 Acura RDX. Favorable discounts make it cheaper to lease than the Lincoln MKC despite a $2,950 difference in sticker price. Although the MKC comes in at exactly $400/month, it ranks as a fairly poor value given its MSRP.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Buick Encore Base FWD 1SB $199/$4,439/39 $313 $25,290 Get Quote
2017 Infiniti QX30 Base FWD $279/$2,699/39 $348 $30,945 Get Quote
2018 Infiniti QX30 Base FWD $299/$3,199/39 $381 $30,945 Get Quote
2018 Acura RDX Base V6 2WD $309/$2,799/36 $387 $36,775 Get Quote
2017 Lincoln MKC 2.0 Select Plus $299/$3,624/36 $400 $33,805 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