Cheapest Lease Deals: July 2017

You don’t have to look hard to find the cheapest lease deals in July thanks to payments starting at just $119/month. However, when it comes to saving money, a low monthly payment can be meaningless if it’s offset by a large amount due at signing.

That’s why we looked at nearly 500 leases to find vehicles with the lowest effective lease costs. In some cases, we’re seeing the best deals of the year, not to mention special discounts like $1,500 for switching brands.

We’ve listed the 5 cheapest leases in each segment and listed them by effective cost when factoring both the payment and amount due at signing. We’ve even found unadvertised deals that you won’t see anywhere else.

Be sure to also explore our monthly analysis of the best lease deals. Offers can vary by region and assume a Southern California location unless noted otherwise.

Last updated 11:45 am Friday, June 14

Cheapest Small Car Leases

Once again, the cheapest small car lease is the 2017 VW Jetta. With an ultra-affordable payment of just $129/month (or $119 with a manual transmission), it’s an appealing choice for shoppers on a tight budget. However, please note this is a regional offer only available in Western states.

In most parts of the country, the 2017 Forte is the next cheapest offer with an effective cost of just $195/month. You won’t find another lease under $200 without a ton of strings attached. What’s nice is that the deal is available on either the sedan or hatchback.

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Cheapest Midsize Car Leases

The 2017 Passat is the cheapest lease on a midsize car. With an effective cost of $235, it’s $10/month more expensive to lease than a Honda Civic LX. However, if you’re looking to expand your options, there are a ton of other vehicles for just a little extra money.

For example, the Camry, Accord and Optima all have the same effective cost. As a result, you can really take your pick of the litter. We think the Camry SE is the best deal out of the three given that you’ll be getting the well-equipped SE model.

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Cheapest Small SUV Leases

The 2017 Honda HR-V is the cheapest lease on a small SUV — but not by much. For just $2/month more, you can lease a sporty Mazda CX-3. Or, an extra $10 gets you behind the wheel of the all-new Nissan Rogue Sport. There are a ton of attractive options in this fast-growing segment.

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Cheapest Midsize SUV Leases

Once again, the 2017 Kia Sorento ranks as the cheapest lease on a midsize SUV. It has a $16/month advantage over the 2018 Sorento that recently began arriving at dealers. That said, the Hyundai Santa Fe Sport ranks as a pretty good deal with an effective lease cost under $300.

If you’re looking for something spacious, you may want to consider the Chevy Traverse. Now that an all-new design is on its way, GM has turned up the heat when it comes to discounts. Also be sure to consider the Ford Edge — it has the exact same effective cost of $336.

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Cheapest Truck Leases

The 2017 Chevy Colorado is this month’s cheapest lease on a truck. Thanks to a price cut, its effective cost has fallen from $378 to just $336. Interestingly, that’s a good bit more affordable than its corporate sibling, the 2017 GMC Canyon ($439).

For something more substantial, the 2017 Nissan Titan ranks as a great deal because of large discounts. In fact, it’s cheaper to lease than the Ford F-150 despite having a higher MSRP. Be sure to consider it if you’re in the market for a capable truck.

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Cheapest Luxury Car Leases

With a monthly payment of just $199/month, the 2017 Acura ILX is this month’s cheapest lease on a luxury car. Last month’s price cut has made it a simply stellar value, with the lowest effective lease cost of anything in its segment.

The Jaguar XE may be a bit of a surprise for most folks. With an effective cost of $360, it’s cheaper than a barebones Infiniti Q50 — something that almost never happens. If you can believe it, Jaguar is even offering a $1,000 bonus on top of the advertised deal.

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Cheapest Luxury SUV Leases

Once again, the 2017 Buick Encore ranks as the cheapest lease on a luxury SUV. GM will even give you an additional $1,500 off if you’re coming from a lease from a competing brand. A trade-in isn’t required, plus you can transfer the offer to members of the same household.

If you’re looking for something a bit more luxurious, the 2017 Acura RDX is a fantastic value with an effective cost of $368. It’s even more affordable than the 2017 Lincoln MKC despite a price difference of $2,840. It’s a great time to pick one up if you’ve been waiting for the right bargain to come along.

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