As we near the end of 2017, automakers are looking to get rid of inventory with some outstanding lease deals.
Leasing is a great way to get into a brand new car with a low monthly payment and not a lot due at signing. Shopping around, you might be surprised to see what vehicles are available for $199 or cheaper. Keep in mind, however, whenever you lease a vehicle, you will want to pay close attention to the fine print, including how many miles you’re allowed to drive during the lease term, and if there any disposition fees or acquisition fees tied to the lease.
You’ll also want to remember that your lease payments can be increased or decreased depending on how much money you want to give up at signing. Just because the terms require a certain amount due at signing doesn’t mean you have to pay exactly that amount. Pay more and it will decrease your monthly payments, or pay less and it will increase your monthly payments. In other words, there’s a total cost to the lease and that’s what you’re obligated to pay, whether you do more or less of it at signing.
Here are some of the cheapest cars to lease. Not all of these deals are available at every dealership, so check with your local one first to see if they’re participating.
One of the cheapest sedans currently available is the 2017 Ford Fusion SE for just $139 a month for 24 months with $2,179 due at signing. That includes 21,000 miles of driving for a total of $5,515 over the lease term, not including any fees.
There’s a new 2018 Honda Accord, but you might still be able to hop into the 2017 model for cheap. Look for an Accord LX 36-month lease for $189 per month and $1,999 due at signing with 36,000 miles. That’s a total cost of $8,803.
Slightly cheaper is the 2017 Honda Civic LX for $169 per month for 36 months with $1,999 due at signing. The special is available on either the coupe or sedan body style and comes with a CVT. Total cost over the three years is $8,083.
Updated for the 2018 model year, the Fit is a stylish hatchback that offers plenty of cargo space. Currently, there’s a 36-month lease special for the LX model for $179 per month for 36 months and $2,599 due at signing. That’s a total cost of $9,043 for 36,000 miles.
If you’re shopping for a crossover with plenty of amenities, the 2017 Hyundai Tucson SE is available for $199 per month for 36 months with $2,499 due at signing. That includes 36,000 miles for a total of $9,663.
For something that offers off-road capability, the 2018 Jeep Compass has an attractive $199 per month deal for 27 months and $3,099 due at signing. That includes 22,500 miles on the lease for a total cost of $8,472.
Sporty and stylish, the 2018 Mazda3 Sport sedan can be had for $179 per month for 33 months and $1,999 due at signing. The lease includes 33,000 miles for a total cost of $7,906.
Equipped with standard all-wheel drive, the 2017 Subaru Crosstrek is an attractive option, especially at $189 per month for 36 months with $1,979 due at signing. The lease is for the 2.0i model with a manual transmission and includes 36,000 miles with a total cost of $8,783.
There’s a reason the Toyota Corolla is one of the best-selling compact cars in the U.S. For $159 per month for 36 months, you can lease the 2017 Toyota Corolla LE with 36,000 miles of use. The lease requires $1,999 at signing, making the total cost $7,723.
Another attractive crossover, the 2017 Toyota RAV4 is available for $199 per month for 36 months with $1,999 due at signing. Like other 36-month leases, it includes 36,000 miles for a total cost of $9,163.