Cheapest Lease Deals: December 2017

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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.

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, Senior Pricing Analyst - December 6, 2017

We analyzed 613 leases to find the cheapest lease deals in December. The most affordable leases start under $200/month and involve special offers like year-end Sign & Drive deals.

To make comparisons easier, we’ve listed the cheapest leases based on effective cost. This allows you to see what a lease actually costs given the payment, term and amount at signing.

Last updated December 6

Cheapest Small Car Leases

2018 Subaru Impreza

At $169/month, the 2018 Subaru Impreza is the cheapest small car lease in December. Shoppers in Los Angeles benefit from a $16/month price cut that makes this Sign & Drive lease even more affordable.

Once again, the 2017 Kia Forte is one of the few truly sub-$200 leases with an effective cost of just $195. The 2018 Forte may be available, but the outgoing version has a $20/month advantage.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2018 Subaru Impreza Sedan Manual $169 for 42 months, $0 due at signing $169 $19,855 Los Angeles Check Local Offers
2017 Kia Forte 2.0 LX Sedan $139 for 36 months, $1,999 due at signing $195 $18,495 California Check Local Offers
2017 Nissan Sentra SV $149 for 36 months, $2,199 due at signing $210 $20,115 Los Angeles Check Local Offers
2017 Volkswagen Jetta 1.4T S $159 for 36 months, $1,999 due at signing $215 $19,815 California Check Local Offers
2018 Kia Forte 2.0 LX Sedan $159 for 36 months, $1,999 due at signing $215 $18,695 California Check Local Offers


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Cheapest Midsize Car Leases

Honda Accord

It’s a tie between the Honda Accord, Kia Optima and Toyota Camry for the title of cheapest midsize car lease. All three models feature the exact same deal effective cost of just $245/month.

That said, we consider the 2018 Camry to be the superior choice. In New York, special discounts make it an amazing value. Besides an all-new design, it comes standard with automatic emergency braking.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2017 Honda Accord LX $189 for 36 months, $1,999 due at signing $245 $24,130 National Check Local Offers
2017 Kia Optima LX 4-cyl $189 for 36 months, $1,999 due at signing $245 $23,095 California Check Local Offers
2018 Toyota Camry SE $189 for 36 months, $1,999 due at signing $245 $26,309 New York Check Local Offers
2018 Kia Optima LX 4-cyl $199 for 36 months, $1,999 due at signing $255 $23,395 California Check Local Offers
2018 Subaru Legacy 2.5i Standard $185 for 36 months, $2,595 due at signing $257 $23,055 Los Angeles Check Local Offers


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Cheapest Small SUV Leases

2017 Volkswagen Tiguan Limited

The 2017 Volkswagen Tiguan Limited is the cheapest lease on a small SUV in December. At $238, it has about a $61 (per month!) advantage over this month’s cheapest deal on the redesigned 2018 Tiguan.

Next up, the sleek Subaru Crosstrek is remarkably affordable despite being an all-new vehicle. However, your actual price will probably be higher since the available CVT transmission costs extra.

We consider the Mazda CX-5 to be a better value. In California, you can lease one from just $199/month. That said, the 2018 CX-5 has more features and can actually be leased for just $10 more.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2017 Volkswagen Tiguan Limited 2.0T S FWD $169 for 36 months, $2,499 due at signing $238 $22,860 California Check Local Offers
2018 Subaru Crosstrek 2.0i Standard (Manual) $199 for 36 months, $1,979 due at signing $254 $22,720 Los Angeles Check Local Offers
2017 Mazda CX-5 Sport FWD $199 for 33 months, $1,999 due at signing $260 $24,985 Los Angeles Check Local Offers
2017 Kia Sportage LX FWD $199 for 36 months, $2,399 due at signing $266 $24,095 California Check Local Offers
2017 Hyundai Tucson SE FWD $199 for 36 months, $2,499 due at signing $268 $23,650 California Check Local Offers


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Cheapest Midsize SUV Leases

Kia Sorento

The 2018 Kia Sorento is the cheapest lease on a midsize SUV. Late last month, an all-new $199/month promotional lease was introduced on the entry-level Sorento L.

Looking to get more for your money? The 2018 Flex equates to a remarkable value given its sticker price. Its effective cost is just $13 more than the Santa Fe Sport despite a $10,000 difference in price.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2018 Kia Sorento L 2.4L FWD $199 for 36 months, $2,799 due at signing $277 $26,740 California Check Local Offers
2017 Mitsubishi Outlander 2.4 ES CVT 2WD $229 for 48 months, $2,728 due at signing $286 $24,390 National Check Local Offers
2017 Hyundai Santa Fe Sport 2.4L Base FWD $249 for 36 months, $1,749 due at signing $298 $26,245 California Check Local Offers
2018 Ford Flex SEL FWD 202A $229 for 36 months, $2,949 due at signing $311 $36,295 California Check Local Offers
2018 GMC Terrain SLE 2WD $249 for 39 months, $2,959 due at signing $325 $28,795 National Check Local Offers


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Cheapest Truck Leases

2018 Chevrolet Colorado

The Chevy Colorado LT is the cheapest lease on a truck following a price cut in December. Coming from another GM lease or that of a competitor? You may be eligible for a $1,500 bonus that lowers your cost.

Once again, the 2017 Tacoma is surprisingly affordable due in no small part to its strong residual value. We’d like to recommend the Frontier, but it’s tough to do so when the F-150 is just $3/month more.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2018 Chevrolet Colorado LT 4x2 Crew Cab $269 for 39 months, $3,509 due at signing $359 $29,810 CA & Select Regions Check Local Offers
2017 Toyota Tacoma SR5 V6 Double Cab 4x4 $249 for 36 months, $3,999 due at signing $360 $35,497 New York Check Local Offers
2017 Nissan Frontier SV 4x4 Crew Cab $299 for 36 months, $2,999 due at signing $382 $29,870 Los Angeles Check Local Offers
2017 Ford F-150 XL x/STX 4x2 2.7L Super Cab $329 for 36 months, $1,999 due at signing $385 $35,570 California Check Local Offers
2017 RAM 1500 Express 4x2 Quad Cab $309 for 39 months, $2,999 due at signing $386 $36,255 National Check Local Offers


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Cheapest Luxury Car Leases

Acura ILX

The 2017 Acura ILX continues to be the cheapest lease on a luxury car. With a stellar $199/month lease, it doesn’t get better than this. However, it may be tough to find since dealers rarely keep them in stock.

If you can still find one, the 2017 Volvo S60 is one of the best choices when it comes to value. If you can believe it, its effective cost is $12 cheaper than the Buick Regal despite a $9,350 difference in MSRP.

This month, discounts make the Jaguar XE remarkably affordable to lease. It even has a slight advantage over the Infiniti Q50 despite being from an arguably more exclusive brand.

Vehicle Lease Deal Effective Cost MSRP Region Your Price
2017 Acura ILX Base 8-Spd DCT $199 for 36 months, $2,499 due at signing $268 $28,940 National Check Local Offers
2017 Volvo S60 T5 Inscription FWD $259 for 36 months, $3,439 due at signing $355 $38,890 Los Angeles Check Local Offers
2017 Jaguar XE 25t RWD $259 for 39 months, $3,995 due at signing $361 $37,695 National Check Local Offers
2018 Infiniti Q50 2.0t Luxe $309 for 39 months, $2,199 due at signing $365 $37,545 California Check Local Offers
2017 Buick Regal Sport Touring FWD $259 for 39 months, $4,214 due at signing $367 $29,540 National Check Local Offers


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Cheapest Luxury SUV Leases

Buick Encore

As before, the Buick Encore is the cheapest lease on a luxury SUV. Despite having a natural advantage because of its low MSRP, we think there are better choices available when it comes to value.

The larger Enclave is actually surprisingly affordable to lease with discounts. Competitive lessees are eligible for a $1,500 bonus that turns this into an unbelievable $313/month, $313 due at signing lease.

Similarly, the Infiniti QX30 may seem like a good deal with an MSRP just over $30,000. However, discounts make the QX50 $13/month cheaper to lease despite a $5,600 difference in MSRP.

Vehicle Lease Deal Effective Cost MSRP MSRP Your Price
2017 Buick Encore Base FWD 1SB $199 for 39 months, $3,318 due at signing $284 $25,290 National Check Local Offers
2017 Buick Enclave Convenience 1SD $312 for 36 months, $1,812 due at signing $362 $39,990 National Check Local Offers
2017 Infiniti QX50 Premium FWD $289 for 39 months, $3,099 due at signing $368 $36,545 California Check Local Offers
2018 Infiniti QX30 Base $299 for 39 months, $3,199 due at signing $381 $30,945 California Check Local Offers
2018 Acura RDX Base 2WD $309 for 36 months, $2,799 due at signing $387 $36,795 National Check Local Offers


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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