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Best Lease Deals For July 2021

Best Lease Deals

Best Lease DealsMany manufacturers are offering lease deals and incentives this month on 2020 and 2021 models for all different types of vehicles.

Let's break down these offers by category and highlight some of the best lease deals right now.

Best Lease Deals Right Now (across all vehicle types)

Here's our picks for the best vehicle lease deals for the month of July.

YearMakeModelLease OffersExpiration
2021SubaruForester$239/month for 36 months, $2,499 due at signing8/2/2021
2021NissanArmada$714/month for 36 months, $714 due at signing8/2/2021
2021HyundaiElantra$159/month for 36 months, $2,899 due at signing8/2/2021
2021MazdaMazda3 Sedan$199/month for 36 months, $2,499 due at signing8/2/2021
2021JeepGladiator$283/month for 36 months, $3,995 due at signing8/2/2021
2021NissanFrontier$279/month for 36 months, $3,529 due at signing8/2/2021
2021ToyotaC-HR$189/month for 36 months, $2,999 due at signing8/2/2021
2021InfinitiQ50$389/month for 36 months, $3,999 due at signing8/2/2021
2021LexusUX 200$329/month for 36 months, $2,399 due at signing8/2/2021
2021KiaSoul$179/month for 36 months, $2,799 due at signing8/2/2021

Our Top Pick in Each Vehicle Class & Category

Zero Down (or Low Payment) Lease Deals

2020 Nissan Armada

Nissan Armada

One of our favorite types of lease incentive is the no money down offer. Even when brands don't advertise, you can often negotiate a zero down payment deal as well.  Our top pick this month is the 2021 Nissan Armada with a deal of $714/month for 36 months, $714 due at signing.

See all our picks for the best zero down lease deals for July »

Lease Deals Under $200 per Month

2021 Hyundai Elantra

Hyundai Elantra

You can find many affordable lease deals for under two hundred dollars per month. Our top pick this month is the 2021 Hyundai Elantra with a deal of $159/month for 36 months, $2,899 due at signing.

See all our picks for the best lease deals under $200 per month for July »

Cheapest Lease Deals

2021 Subaru Impreza

Subaru Impreza

When you think of a cheap car, you probably have low expectations.  But we've found some deals with good leasing terms without sacrificing quality.  Our top pick this month is the 2021 Subaru Impreza with a deal of $199/month for 36 months, $1,999 due at signing.

See all our picks for the cheapest lease deals for July »

Truck Lease Deals

2020 Jeep Gladiator

Jeep Gladiator

If you want a pickup truck but are scared of the price tag, there are plenty of good lease options to consider this month.  Our top pick this month is the 2021 Jeep Gladiator with a deal of $283/month for 36 months, $3,995 due at signing.

See all our picks for the best truck lease deals for July »

SUV Lease Deals

2021 Mazda CX-5

Mazda CX-5

Need a little extra space or 4 wheel drive? There's plenty of SUV lease options to choose from.  Our top pick this month is the 2021 Mazda CX-5 with a deal of $232/month for 36 months, $2,999 due at signing.

See all our picks for the best SUV lease deals for July »

Minivan Lease Deals

2021 Chrysler Pacifica Hybrid

Chrysler Pacifica Hybrid

Minivans are not just for “soccer moms”, they are great for anyone who wants an affordable vehicle with a ton of room. There's plenty of minivan lease options to choose from. Our top pick this month is the 2021 Chrysler Pacifica Hybrid with a deal of $179/month for 36 months, $3,899 due at signing.

See all our picks for the best minivan lease deals for July »

Luxury Lease Deals

2021 Audi A4

Audi A4

If you're ready to treat yourself to a high-end ride, there are many sophisticated car and SUV options that won't break the bank.  Our top pick this month is the 2021 Audi A4 with a deal of $409/month for 36 months, $4,109 due at signing.

See all our picks for the best luxury vehicle lease deals for July »

Best Lease Deals (Video)

Frequently Asked Questions

Can you lease without a down payment?

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.

Is it cheaper to buy or lease a car?

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.

Does leasing a car build credit?

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.

What credit score do I need to lease a car?

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.

What is capitalized cost in a car lease?

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.

What is the money factor in a car lease?

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.

Is it better to buy or lease a car?

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.

Why do dealers want you to lease?

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.