Cheapest Lease Deals: July 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 - July 14, 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

Volkswagen Jetta

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.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Volkswagen Jetta 1.4T S (Automatic) $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 Nissan Sentra SV w/CTV $149/$1,999/36 $205 $20,115 Get Quote
2017 Honda Fit LX $139/$2,399/36 $206 $17,765 Get Quote
2017 Mazda Mazda3 iSport Sedan $159/$1,989/36 $214 $19,730 Get Quote



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Cheapest Midsize Car Leases

Passat

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.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Volkswagen Passat 1.8T S $179/$1,999/36 $235 $23,260 Get Quote
2017 Hyundai Sonata SE $179/$2,199/36 $240 $22,585 Get Quote
2017 Toyota Camry SE 4-cyl $189/$1,999/36 $245 $24,929 Get Quote
2017 Honda Accord LX $189/$1,999/36 $245 $24,130 Get Quote
2017 Kia Optima LX 4-cyl $189/$1,999/36 $245 $23,095 Get Quote



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Cheapest Small SUV Leases

Honda HR-V

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.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Honda HR-V LX 2WD $179/$2,299/36 $243 $21,205 Get Quote
2017 Subaru Crosstrek 2.0i Standard $189/$1,979/36 $244 $22,570 Get Quote
2017 Mazda CX-3 Sport FWD $189/$1,999/36 $245 $20,860 Get Quote
2017 Nissan Rogue Sport S FWD $159/$3,379/36 $253 $23,245 Get Quote
2017 Chevrolet Trax 1LT FWD $169/$3,489/39 $258 $23,795 Get Quote



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Cheapest Midsize SUV Leases

Kia Sorento

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.

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
2018 Kia Sorento LX 2.4L FWD $219/$2,799/36 $297 $28,040 Get Quote
2017 Hyundai Santa Fe Sport Base $249/$1,749/36 $298 $26,245 Get Quote
2017 Chevrolet Traverse 1LT FWD $279/$2,209/39 $336 $34,995 Get Quote
2017 Ford Edge SE FWD $249/$3,129/36 $336 $29,845 Get Quote



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Cheapest Truck Leases

Chevrolet Colorado

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.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Chevrolet Colorado LT 4x4 Crew Cab $279/$2,059/36 $336 $34,465 Get Quote
2017 Nissan Frontier SV 4x4 Crew Cab (Plus $1,000 Bonus) $299/$2,999/36 $382 $29,855 Get Quote
2017 Nissan Titan S 4x2 Crew Cab $289/$3,679/36 $391 $39,810 Get Quote
2017 Ford F-150 XL w/STX 4x2 2.7L SuperCrew $219/$4,219/24 $395 $37,755 Get Quote
2017 RAM 1500 Express 4x2 Crew Cab $329/$3,499/36 $426 $38,855 Get Quote



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Cheapest Luxury Car Leases

Acura ILX

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.

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 Buick Verano Sport Touring FWD $199/$4,749/39 $321 $25,040 Get Quote
2017 Buick Regal Sport Touring FWD $259/$3,489/39 $348 $29,540 Get Quote
2017 Jaguar XE 25t RWD (Plus $1,000 Bonus) $249/$3,995/36 $360 $35,895 Get Quote
2017 Infiniti Q50 2.0t Base (National) $289/$3,299/39 $373 $34,855 Get Quote



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Cheapest Luxury SUV Leases

Buick Encore

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.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Your Price
2017 Buick Encore Base FWD 1SB $199/$3,509/39 $289 $25,290 Get Quote
2017 Infiniti QX30 Base FWD (National) $279/$2,699/39 $348 $30,945 Get Quote
2017 Acura RDX Base V6 2WD $299/$2,499/36 $368 $36,645 Get Quote
2017 Lincoln MKC 2.0 Select Plus $299/$3,049/36 $384 $33,805 Get Quote
2018 Acura RDX Base V6 2WD $319/$2,799/36 $397 $36,775 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