Cheapest Lease Deals: April 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.

Follow On: Google+ | Website

, Senior Pricing Analyst - April 11, 2017

Finding the cheapest lease deals isn’t always easy. There’s often a catch, like low monthly payments in exchange for large upfront costs. That’s why we looked at the effective cost of over 420 of the latest offers to uncover the absolute cheapest lease deals in April.

Budget-minded shoppers will love this month’s $199-and-under leases thanks to newly introduced discounts. You can even take advantage of additional savings worth up to $1,500 simply meant to get you to switch brands.

We’ve found the five cheapest leases for small & midsize cars, SUVs & crossovers, minivans, luxury cars & SUVs and trucks. We’ve listed the effective cost of each one factoring both the payment and amount due at signing.

Be sure to also check out our full monthly analysis of the best lease deals. Offers listed assume a Southern California location unless noted otherwise.

Last updated 4:30 pm Tuesday, April 11

Cheapest Small Car Leases

Ford Focus Electric

This month’s cheapest small car lease is the 2016 Ford Focus Electric. With an effective cost of $185, it’s the least expensive deal on any new car. It continues to undercut every competitor in its class.

If an EV doesn’t suit your needs, the Kia Forte offers nearly identical offers on both the 2016 and redesigned 2017 version. Since the difference in effective cost is only $4, the 2017 is arguably the smarter value.

This month’s surprise is the Toyota Corolla thanks to a $20 cut in payment. It now has the same cost as a Nissan Sentra SV— a far less-equipped vehicle. The Corolla also comes with automatic emergency braking standard as well as complimentary maintenance for 2 years.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2016 Ford Focus Electric Base $129/$1,999/36 $185 $30,045 7/5/17 Get Quote
2016 Kia Forte LX Sedan $149/$1,499/36 $191 $18,550 5/1/17 Get Quote
2017 Kia Forte 2.0 LX Sedan $139/$1,999/36 $195 $18,495 5/1/17 Get Quote
2016 Kia Soul EV EVe (CA only) $169/$999/36 $197 $32,800 5/1/17 Get Quote
2017 Toyota Corolla SE $149/$1,999/36 $205 $21,534 5/1/17 Get Quote



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Cheapest Midsize Car Leases

Kia Optima

April’s cheapest midsize car lease is the 2016 Kia Optima LX. With an effective cost of $215, it’s actually more affordable than most small cars. However, it may take some searching since dealer inventory is running very low.

If you’re looking for an extremely safe bet, the 2017 Toyota Camry SE is a stellar deal following a $10 cut in payment. The vehicle’s effective cost severely undercuts competitors like the Honda Accord LX by $20 and the Ford Fusion SE by a whopping $60.

Like last month, the Subaru Legacy benefits from a nice Sign & Drive lease starting at just $239/month. If you loathe the idea of paying a ton upfront on a lease, this offer may appeal to you.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2016 Kia Optima LX 4-cyl $159/$1,999/36 $215 $22,990 5/1/17 Get Quote
2016 Kia Optima Hybrid LX $179/$1,999/36 $235 $26,845 5/1/17 Get Quote
2017 Toyota Camry SE 4-cyl $179/$1,999/36 $235 $24,929 5/1/17 Get Quote
2017 Subaru Legacy 2.5i Premium $239/$0/36 $239 $24,815 5/1/17 Get Quote
2017 Hyundai Sonata SE $179/$2,199/36 $240 $22,585 5/1/17 Get Quote



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Cheapest SUV Leases

Chevy Trax

This month’s cheapest SUV lease is the 2017 Chevy Trax LT. If you’re a current GM lessee, you may be eligible for a discounted lease with an effective cost of just $241.

If you aren’t eligible for any special discounts, the Honda HR-V continues to offer a very inexpensive lease. It’s followed closely by the 2016 Honda CR-V, which dealers say is close to selling out.

Unfortunately, last month’s Sign & Drive lease on the Subaru Forester is gone. This month’s deal has an attractive payment, but shoppers should be aware that the deal is for an entry-level model with manual transmission.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2017 Chevrolet Trax 1LT (GM Lease Loyalty) $179/$2,409/39 $241 $23,795 5/1/17 Get Quote
2017 Honda HR-V LX 2WD $189/$2,299/36 $253 $21,205 5/1/17 Get Quote
2017 Subaru Forester 2.5i Standard (Manual) $209/$1,709/36 $256 $23,470 5/1/17 Get Quote
2016 Honda CR-V LX 2WD $199/$2,299/36 $263 $24,785 5/1/17 Get Quote
2017 Jeep Compass Sport 4x2 $185/$2,999/36 $268 $22,285 5/1/17 Get Quote



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Cheapest Minivan Leases

Volkswagen Golf Sportwagen

Although it’s not a minivan, the 2017 Volkswagen Golf SportWagen 1.8T S ekes out a victory as the cheapest lease when factoring in a $1,000 discount for owners of another VW of a competing brand. You don’t need to trade-in your current car and can transfer the offer to members of the same household.

If you have serious people-hauling needs, the 2016 Honda Odyssey is the cheapest minivan with an effective cost of just $315/month. However, it’s close to selling out so you’ll need to do some searching. The 2017 Odyssey starts $47/month higher at $362.

Your next best options at the moment with a bargain price are the 2016 Kia Sedona and 2017 Toyota Sienna with effective costs of $335 and $345, respectively. Both vehicles have been favorites among families because of their comfortable, feature-rich designs.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2017 Volkswagen Golf SportWagen 1.8T S (Conquest/Loyalty) $259/$1,989/36 $314 $23,500 5/1/17 Get Quote
2016 Honda Odyssey LX $259/$1,999/36 $315 $30,490 5/1/17 Get Quote
2016 Kia Sedona LX $279/$1,999/36 $335 $29,395 5/1/17 Get Quote
2017 Toyota Sienna L V6 FWD $289/$1,999/36 $345 $31,020 5/1/17 Get Quote
2017 Kia Sedona LX $299/$1,999/36 $355 $29,745 5/1/17 Get Quote



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Cheapest Truck Leases

Nissan Titan

The 2017 Nissan Titan S 4x2 Crew Cab is a big surprise thanks to large discounts in April. With an effective cost of $340, it’s the cheapest lease on a truck. Interestingly, it’s $21/month more affordable than this month’s lease on the 2017 Frontier SV.

If you’re a current GM lessee, you may be eligible for a discounted lease on the popular Chevy Colorado. With an effective cost of $353, the vehicle commands a big price advantage next to the GMC Canyon despite a higher MSRP.

Rounding out our set is the capable Ford F-150 with an effective cost of $372. However, you’ll need to select a specific trim and configuration to arrive at this price. The best discounts right now are on the XL model with STX Package and 2.7L EcoBoost engine.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2017 Nissan Titan S 4x2 Crew Cab $229/$3,999/36 $340 $35,975 5/1/17 Get Quote
2017 Chevrolet Colorado LT 4x4 (GM Lease Loyalty) $279/$2,889/39 $353 $34,465 5/1/17 Get Quote
2017 Nissan Frontier SV 4x4 Crew Cab $299/$2,249/36 $361 $29,835 5/1/17 Get Quote
2017 GMC Canyon SLE Crew Cab Short Box (Lease Conquest) $249/$2,919/24 $371 $31,035 5/1/17 Get Quote
2017 Ford F-150 XL w/STX Pkg 4x4 2.7L SuperCab $269/$3,719/36 $372 $36,510 7/5/17 Get Quote



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Cheapest Luxury Car Leases

Buick Verano

The 2017 Buick Verano ranks as the cheapest luxury car lease when you take advantage of a $1,500 discount for coming from a non-GM lease. Similarly, the 2017 Acura ILX has an attractive lease price targeted at owners of a competing brand.

This month’s biggest surprise is without a doubt the Acura TLX. The automaker will be revising the 2018 model later this year and has introduced big incentives on the outgoing version. That said, the more powerful V6 is only $20 more per month and ranks as a superior value

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2017 Buick Verano Sport Touring FWD (Lease Conquest) $199/$2,649/39 $267 $25,040 5/1/17 Get Quote
2017 Acura ILX Base 8-Spd DCT (Conquest) $219/$2,499/36 $288 $28,940 5/1/17 Get Quote
2017 Buick Regal Sport Touring FWD (Lease Conquest) $259/$1,339/39 $293 $29,540 5/1/17 Get Quote
2017 Acura TLX Base 4-cyl DCT $279/$999/36 $307 $32,950 5/1/17 Get Quote
2017 Jaguar XE 25t RWD $279/$3,995/36 $390 $35,895 5/1/17 Get Quote



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Cheapest Luxury SUV Leases

Buick Encore

Once again, the Buick Encore ranks as the cheapest luxury SUV lease. With an effective cost of $240 when coming from a non-GM lease, nothing comes close.

If you aren’t eligible for any special discounts, the Infiniti QX30 ranks as a top value. However, price hikes in April have made it considerably more expensive to lease. That said, it’s much more affordable than the Mercedes-Benz GLA250 that it shares a platform with.

Rounding out our set is the popular Acura RDX with an effective cost of $392. You don’t need to qualify for any special incentives. On the downside, choosing one with additional options can make this one of the pricier leases if you aren’t careful.

Vehicle Pmt/Due at Signing/Term Effective Monthly Cost MSRP Expiration Your Price
2017 Buick Encore Base FWD 1SB (Lease Conquest) $199/$1,599/39 $240 $25,290 5/1/17 Get Quote
2017 Infiniti QX30 Base FWD $279/$2,699/39 $348 $30,945 5/1/17 Get Quote
2017 Buick Envision Preferred (Lease Conquest) $299/$2,419/36 $366 $36,795 5/1/17 Get Quote
2017 Lincoln MKC 2.0 Select Plus (Conquest) $299/$2,999/36 $382 $33,805 5/31/17 Get Quote
2017 Acura RDX Base V6 2WD $309/$2,999/36 $392 $36,645 5/1/17 Get Quote

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For an easy way to find the best deals, visit the CarsDirect Deals Page for the latest deal-related news and analyses. Browse expert buying advice updated monthly on nearly 300 models for insider insights you'll only find at CarsDirect. Be sure to sign up for email alerts to have the latest deals delivered straight to your inbox.

Offers listed here are based on a resident in Southern California and may be subject to change. Most lease offers are for well-qualified buyers based on available credit and exclude tax, license, title, registration, document fees and insurance. Not all buyers may qualify. Please check with your CarsDirect Trusted Dealer to confirm details and eligibility.

, 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