Cheapest Lease Deals: April 2020

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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.

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, 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.

Follow On: Twitter

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