Best Lease Deals For March 2020
Many manufacturers are offering low monthly lease deals this month on 2019 and 2020 models for well qualified buyers.
In addition to offers with low monthly payments, there are a few deals with no or low down payments. By paying a lower amount at signing, drivers can save money on many of today’s popular models from manufacturers like Ford, Toyota, and Chevrolet.
Below we break down lease offers by category and highlight some of the best lease deals right now.
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Best Lease Deals (Video)
Best Lease Deals Right Now
One of the advantages of leasing a vehicle is that it becomes much easier to get a new car every two or three years.
Manufacturers publish new deals each month and these are our top picks for March 2020.
Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2020 | Toyota | RAV4 | $239/month for 36 months, $2,999 due at signing | 3/31/20 |
| 2020 | Hyundai | Kona | $209/month for 36 months, $2,299 due at signing | 3/31/20 |
| 2020 | Jeep | Gladiator | $299/month for 36 months, $3,499 due at signing | 3/31/20 |
| 2020 | BMW | 2-Series | $389/month for 36 months, $3,999 due at signing | 3/31/20 |
| 2020 | Audi | A3 | $329/month for 36 months, $3,224 due at signing | 3/31/20 |
| 2020 | Chevrolet | Malibu | $249/month for 36 months, $2,129 due at signing | 3/31/20 |
| 2019 | Ford | Flex | $276/month for 39 months, $3,443 due at signing | 3/31/20 |
| 2019 | Honda | CR-V | $259/month for 36 months, $2,799 due at signing | 3/31/20 |
| 2020 | Lexus | ES | $379/month for 36 months, $3,999 due at signing | 3/31/20 |
| 2020 | Subaru | Crosstrek | $275/month for 36 months, $2,175 due at signing | 3/31/20 |
Best Lease Deals With Zero or Low Down Payment
Another advantage of leasing a vehicle is that it generally requires a lower initial investment compared to buying. Drivers can save even more by taking advantage of this month’s deals with a very low or zero down payment.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2020 | Volkswagen | Tiguan | $319/month for 39 months, $0 due at signing | 3/31/20 |
| 2020 | Volkswagen | Jetta | $249/month for 39 months, $0 due at signing | 3/31/20 |
| 2020 | Subaru | WRX | $359/month for 36 months, $1,999 due at signing | 3/31/20 |
| 2020 | Honda | Accord | $249/month for 36 months, $1,999 due at signing | 3/31/20 |
| 2019 | Ford | Mustang | $345/month for 39 months, $345 due at signing | 3/31/20 |
Best Lease Deals Under $200 Per Month
Monthly payments for a lease tend to be lower than the monthly costs associated with purchasing a vehicle. There are plenty of cheap lease deals from top manufacturers each month that have monthly payments under $200.
STOP! Don’t choose a car based on incentives alone.Use my free service to Check Discount Car Prices from several dealers at once. Start a bidding war to get yourself the lowest possible price.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2019 | Buick | Encore | $129/month for 24 months, $3,299 due at signing | 3/31/20 |
| 2020 | Buick | Encore GX | $179/month for 24 months, $3,299 due at signing | 3/31/20 |
| 2020 | Chevrolet | Trax | $179/month for 39 months, $2,239 due at signing | 3/31/20 |
| 2019 | Honda | Fit | $169/month for 36 months, $1,999 due at signing | 3/31/20 |
| 2020 | Hyundai | Elantra | $149/month for 36 months, $2,499 due at signing | 3/31/20 |
| 2020 | Hyundai | Veloster | $179/month for 36 months, $2,399 due at signing | 3/31/20 |
| 2019 | Jeep | Renegade | $169/month for 42 months, $3,099 due at signing | 3/31/20 |
| 2020 | Nissan | Rogue Sport | $169/month for 36 months, $2,269 due at signing | 3/31/20 |
| 2019 | Nissan | Sentra | $129/month for 36 months, $2,626 due at signing | 3/31/20 |
| 2020 | Toyota | Corolla | $179/month for 36 months, $2,999 due at signing | 3/31/20 |
Best Luxury Car Lease Deals
If you are in the market for a luxury vehicle, but wary of the high monthly payments, check out this month’s top lease deals from some of the leading luxury brands like Lexus and BMW.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2020 | BMW | X1 | $329/month for 36 months, $4,009 due at signing | 3/31/20 |
| 2020 | Lexus | NX | $349/month for 36 months, $2,999 due at signing | 3/31/20 |
| 2020 | Volvo | XC40 | $329/month for 36 months, $3,829 due at signing | 3/31/20 |
| 2020 | Mercedes | A-Class | $349/month for 36 months, $3,643 due at signing | 3/31/20 |
| 2020 | Jaguar | E-Pace | $349/month for 36 months, $3,995 due at signing | 3/31/20 |
Best Truck Lease Deals
Below is a list of some of the best lease deals on trucks right now. Manufacturers consistently put out attractive lease offers on their line of 2019 and 2020 pickup trucks.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2019 | Ford | F-150 | $289/month for 24 months, $4,239 due at signing | 3/31/20 |
| 2020 | Chevrolet | Colorado | $329/month for 36 months, $2,259 due at signing | 3/31/20 |
| 2020 | Toyota | Tundra | $399/month for 36 months, $2,999 due at signing | 3/31/20 |
| 2020 | Nissan | Titan | $369/month for 36 months, $3,319 due at signing | 3/31/20 |
| 2020 | Chevrolet | Silverado 1500 | $259/month for 24 months, $1,879 due at signing | 3/31/20 |
Best SUV Lease Deals
Manufacturers consistently put out new lease offers on their line of 2019 and 2020 SUVs and crossovers. Below is a list of some of the best lease deals on SUVs right now, ranging from compact to full-size options.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2020 | GMC | Terrain | $159/month for 24 months, $5,169 due at signing | 3/31/20 |
| 2020 | Jeep | Grand Cherokee | $229/month for 42 months, $3,799 due at signing | 3/31/20 |
| 2020 | Chevrolet | Equinox | $239/month for 39 months, $2,479 due at signing | 3/31/20 |
| 2020 | Ford | Explorer | $310/month for 39 months, $4,097 due at signing | 3/31/20 |
| 2020 | Nissan | Rogue Sport | $169/month for 36 months, $2,269 due at signing | 3/31/20 |
These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.
Frequently Asked Questions
Yes, some car brands advertise zero down leases. Here’s the full list of zero down offers right now.
Even if it’s not advertised, some dealers make the down payment optional if you meet their credit requirements. Keep in mind that a zero down lease will raise your monthly payment since you are not pre-paying some of the lease obligation.
Monthly payments are cheaper when leasing a car. But if you buy and keep a car after it’s paid off, it’s cheaper in the long run. Here are some of the cheapest lease offers with monthly payments under $200.
Yes, leasing a car builds credits in the same way that buying a car does. You just need to show a history of paying in full and on time.
With some exceptions, the typical minimum credit score to lease a car is 620. However, unless your credit score is over 680, you will not qualify for the best lease deals.
Capitalized cost is the total amount being financed with a lease. This is the price of the vehicle and all associated fees, minus whatever you pay in cash for your down payment and your trade-in.
The money factor is the financing rate on a lease, similar to interest paid on a loan, but expressed a little differently. The lower the money factor, the less your monthly payment will be.
Leasing a car does result in lower monthly car payments. But for most car buyers, it makes more financial sense to buy a car outright than to lease. The exceptions are if you are deducting the car as a business expense or you want to replace your car every 2-3 years. Learn more about the reasons to buy or lease a car.
Dealers love to offer leases because they will make more profit than a typical car sale. And consumers are less likely to negotiate a lease due to seemingly low payments and confusing financial terms like money factor and capitalized cost.
