Best Lease Deals August 2026: Hyundai IONIQ 9 Leads
Part of our monthly best car deals coverage. See all current offers ranked.
The 2026 Hyundai IONIQ 9 holds the top spot again in August 2026 at 0.81% LVR, unchanged from July. The bigger story is the Kia Niro EV, which jumps to #2 at 0.96% LVR now that Kia deals are back in the rankings, tied with the Mitsubishi Outlander PHEV.
Last month’s #2 pick, the Ford Expedition, collapsed to walk-away territory this month at 1.77% LVR after its payment jumped from $498 to $899. If the Expedition was on your list, that deal is gone. Only 22 of 199 deals qualify at 1.2% or better this month.
Every deal below is ranked using the Lease Value Ratio: your monthly payment plus your upfront amount spread evenly across the term, divided by the car’s sticker price. The lower the percentage, the more car you’re getting for your money. Under 0.8% is excellent. Over 1.5% and you should keep shopping.
Lease Deals: Top Picks for August 2026 [Video]
- The 2026 Hyundai IONIQ 9 holds #1 at 0.81% LVR, a $59,000 three-row electric SUV for $369/month, unchanged from July
- The Kia Niro EV jumps to #2 at 0.96% LVR now that Kia is back in the rankings, tied with the Mitsubishi Outlander PHEV
- The Ford Expedition, last month’s #2 pick, collapses to 1.77% LVR after its payment jumped from $498 to $899
- Only 22 of 199 deals beat 1.2% this month; 53 are walk-away territory at 1.5% or above
- Most offers expire August 31. Honda and Hyundai extend to September 8, while Infiniti runs latest to September 30
Best lease deals right now
Top 10 picks for August 2026, ranked by Lease Value Ratio.
Hyundai‘s three-row electric SUV holds the top spot for a second month at 0.81% LVR, with every term unchanged from July. This deal now extends to September 8, the longest runway in the top 10. If you want a large electric family SUV, this remains the deal to beat.
Kia is back in the rankings this month, and the Niro EV jumps straight to #2 at 0.96% LVR. At $269/month it is also the cheapest payment in the entire top 10. If you were holding off on Kia last month, the wait paid off.
Mitsubishi‘s Outlander PHEV ties the Niro EV at 0.96% LVR with unchanged terms from July. It has the lowest due at signing of any top-3 deal at $3,298. Worth noting: the 2026 model year runs a much weaker 1.48% LVR, so confirm you’re getting the 2025.
Kia’s second top-10 entry, the three-row EV9, lands at #4 at 1.00% LVR. It is also our top pick for finance this month at 27.91% score, so it is worth comparing both paths on this vehicle before deciding. A $58,000+ electric SUV for $439/month is strong value either way.
A third Kia in the top 5, the Sportage PHEV rounds out a strong month for the brand at 1.04% LVR. There is also a 2027 model year on offer, but it runs a weaker 1.13% LVR, so the 2026 is the one to ask for. A consistent $3,999 due at signing across all three Kia entries makes comparing them straightforward.
The Prologue holds steady at 1.05% LVR with every term unchanged from July. Honda‘s General Motors-built electric SUV remains the strongest non-EV-flagged pick in the top 10. Note the higher due at signing, $5,099, compared to the Kia and Mitsubishi deals above it.
The Silverado 1500 is the only truck in the top 10 and the best gas-powered deal on the entire list this month at 1.07% LVR. Chevrolet pairs a low payment with just $1,869 due at signing on a short 24-month term. If you need a truck or simply want a strong non-EV pick, this is it.
Mazda‘s plug-in hybrid crossover holds its top-10 spot with unchanged terms. The $239/month headline is the lowest payment in the top 10, but the $7,909 due at signing is also the highest. Run the adjusted monthly math before committing.
A second truck cracks the top 10 this month. GMC’s Sierra 1500 lands right behind its Chevrolet sibling at 1.09% LVR, with a shorter 24-month term keeping the numbers competitive. Between the two, the Silverado has the edge on ratio, but both are strong gas-truck picks.
Mazda’s larger three-row PHEV rounds out the top 10, tied at 1.09% LVR with its CX-70 sibling and the GMC Sierra 1500. Like the CX-70, the low payment comes with a high due at signing, $9,099 here. The Lexus NX 450h+, last month’s #6, just misses the top 10 this time at 1.09% LVR and #11 overall.
Full ranked table: all deals evaluated this month
Every advertised lease offer reviewed this August, sorted by value ratio. Click any column header to sort.
Adjust monthly = Total Lease Cost % MSRP (so essentially, due at signing rolled into the monthly payments)
# ⇕ |
Vehicle ⇕ |
Adj. mo ⇕ |
Monthly ⇕ |
At signing ⇕ |
Term ⇕ |
Sticker ⇕ |
Total paid ⇕ |
Value ratio ⇕ |
Rating |
|---|
Sourced from manufacturer websites August 6, 2026. Offers vary by region and credit score. Value ratio = (monthly payment + at signing amount divided by term) divided by sticker price, times 100. Used to compare deals on equal footing, not a payment quote.
Deals we evaluated but did not recommend
Notable offers that did not make the cut this month
- 2025 Hyundai Kona Electric (ratio: 3.02%) The worst deal on the entire list again this month, and it got worse: 3.02% LVR, up from 2.96% in July. The Kona Electric now costs $836/month on a $34,050 vehicle. The non-electric Kona and the Kia Niro EV are dramatically better options if you want something in this size class.
- 2026 GMC Sierra 2500HD (ratio: 2.09%) The worst truck deal on the list at $799/month. Heavy-duty truck leases rarely make sense, and this month is no exception. If you need a truck, the Chevrolet Silverado 1500 or GMC’s own Sierra 1500 at 1.07% and 1.09% are the right choices, both in a completely different tier.
- 2026 Mitsubishi Eclipse Cross (ratio: 1.95%) The same brand that has the Outlander PHEV tied at #3 at 0.96% offers the Eclipse Cross at 1.95%. Same manufacturer, roughly twice the ratio. If you’re shopping Mitsubishi, there is only one choice this month.
- 2026 Porsche Macan (ratio: 1.87%) Porsche rarely offers competitive lease incentives and August is no exception. At 1.87% on a $64,600 vehicle you are paying primarily for the badge. The Lexus NX 450h+ at 1.09% delivers genuine premium quality with far better lease math.
- 2026 Nissan Leaf (ratio: 1.82%) The $469/month headline looks attractive until you account for a 48-month term on a $29,990 vehicle. The long commitment pushes the true comparable cost well past what the payment suggests. There are better EV options at a lower ratio elsewhere on this list.
Our top pick for each vehicle category
One best-value pick per category. Click through for the full ranked list in each segment.
The Silverado 1500 leads trucks again this month, tightening to 1.07% LVR. There is still no F-150 Lightning offer on the books, so the truck category remains gas-only, though the GMC Sierra 1500 is right behind at 1.09%. If you need a truck, either is a strong pick.
See all truck lease dealsThe IONIQ 9 at 0.81% is the overall best deal and also an SUV, so it leads the overall ranking. For the top non-EV-flagged SUV, the Prologue at 1.05% is the pick, and it is a big improvement over last month’s SUV leader, which has since fallen out of contention entirely.
See all SUV lease dealsThe IONIQ 9 leads overall but it is a large three-row SUV. The Niro EV at $269/month is the top pick if you want something smaller, and now that Kia is back in the data, it is also the cheapest payment in the entire top 10. The federal credit flows through automatically, no income limits or tax filing required.
See all EV and hybrid lease dealsThe NX 450h+ leads the luxury segment again this month, ticking up slightly to 1.09% LVR. BMW and Mercedes both sit well above 1.2% this month. For luxury buyers who want plug-in hybrid efficiency with a competitive deal, this remains the clear choice.
See all luxury lease dealsThe Pacifica keeps the minivan top spot this month at 1.25% LVR, just ahead of the Honda Odyssey at 1.26%. Kia’s Carnival MPV also offers two model years this month, though both trail at 1.38% and 1.41%. If you’re shopping minivans, the Pacifica and Odyssey are close enough that either dealer’s local pricing could decide it.
See all minivan lease dealsThe CX-70 PHEV is the cheapest payment under $300 this month at $239. For the best ratio in this price band, the Kia Niro EV and Mitsubishi Outlander PHEV both tie at 0.96%, at $269 and $299. Most deals under $300 this month are EVs or plug-in hybrids, though the GMC Sierra 1500 breaks the pattern as a traditional gas truck at $259.
See all budget lease dealsThe Solterra leads the zero-down category this month at just $955 due at signing, the lowest of any deal on the 199-deal list. Its LVR of 1.25% is average, not exceptional, but if minimizing day-one cash outlay is the priority this is the best option available. The Chevrolet Silverado 1500 and Colorado are close behind, both under $2,500 at signing with far better ratios.
See all zero down lease dealsShould you lease or buy right now?
Here is a direct answer for August 2026.
For electric vehicles: leasing continues to make more sense than buying for most people. When you buy an EV, you need to meet income requirements and have enough federal tax liability to use the $7,500 clean vehicle credit. Many buyers cannot. When a manufacturer leases you the car, they claim the credit and pass the savings directly to you as a lower payment. The Kia Niro EV at $269/month and the IONIQ 9 at $369/month would both be meaningfully higher without this credit flowing through.
For gas vehicles: trucks are where the value is this month. The Chevrolet Silverado 1500 and GMC Sierra 1500 both crack the top 10 at 1.07% and 1.09% LVR, the strongest showing for gas trucks in months. Last month’s surprise, the Ford Expedition, collapsed to walk-away territory after its payment nearly doubled, a reminder that these deals can swing hard month to month.
Lean toward leasing if…
- You want an EV and benefit from the credit pass-through
- You prefer swapping cars every two to three years
- You want predictable costs with no surprise repair bills
- You drive under 12,000 miles per year
Lean toward buying if…
- You plan to keep the car more than four years
- You drive significantly over 12,000 miles per year
- You want to build equity in the vehicle
- You are looking at a gas car with weak lease incentives
How to evaluate any deal your dealer shows you
The 30-second deal check
Your dealer may show you an offer that is not on this list. Take the monthly payment, add the amount due at signing divided by the number of months, then divide that by the sticker price and multiply by 100.
Value ratio = adjusted monthly ÷ sticker price × 100
Example: $350/month, $3,000 due at signing, 36 months, $38,000 sticker. Adjusted monthly = $350 + $83 = $433. Ratio = 1.14%. That is fair: acceptable, but there is room to push back.
Why this matters: it exposes deals that look cheap because the payment is low but bury thousands in upfront costs. The Chevrolet Silverado 1500 in the top 10 this month is a similar case: just $1,869 due at signing on a 24-month term, keeping the 1.07% ratio strong without a large upfront outlay.
What the ratings mean
Most sites sort by monthly payment alone. That lets a large upfront amount hide a bad deal entirely. This ratio captures the full picture in one number.
Plain-English example: A 0.96% ratio on a $40,000 car means you are paying about $384/month in true comparable cost. A 1.90% ratio on a $28,000 car would be $532/month. The second deal looks cheaper on paper but costs more in any honest comparison.
How we find and rank lease deals
At the start of each month I visit every major manufacturer’s website and collect their current advertised lease offers directly. No third-party aggregators, no dealer submissions. Every deal in the table above comes straight from the source, verified on the same day.
To rank deals I calculate the Lease Value Ratio: your adjusted monthly cost divided by the vehicle’s sticker price. Adjusted monthly is your stated payment plus the amount due at signing spread evenly across the lease term. This is a comparison tool, not a payment quote. Your actual monthly payment is the figure in the monthly payment column. The adjusted figure exists to let you compare a deal with $1,000 due at signing against a deal with $5,000 due at signing on a fair, equal basis.
I also note lease term length, amounts due at signing, and any loyalty or conquest offers that restrict who qualifies. All deals are verified at publishing and updated at the start of each month. Offers vary by region and credit score. Always confirm current pricing locally before committing.
Frequently asked questions
These offers may vary based on location, credit score, and financing terms, and are not guaranteed. Use our free service to check discount car prices to get the best prices that include current manufacturer offers and incentives.
