Best Car Lease Deals October 2026: 283 Offers Ranked
Part of our monthly best car deals coverage. See all current offers ranked.
The 2026 Mazda CX-90 PHEV is the best lease deal in October 2026 at a 0.94% lease value ratio. It runs $389 a month with $2,999 due at signing over 36 months on a $50,495 plug-in hybrid three-row.
We tracked 283 lease offers this month, up from 206 in September, mostly because we now cover more models. Four deals clear the 1% mark, double last month, and one of them is a gas car: the Volvo XC40 at 0.97%.
We ranked every advertised lease offer by lease value ratio: the true monthly cost, deposit included, divided by sticker price.
We check every advertised lease offer each month and rank them by true monthly cost against sticker price, not by the advertised payment.- The Mazda CX-90 PHEV leads at 0.94%, after Mazda cut its amount due at signing by $6,110
- 4 of the 283 leases we track clear the 1% mark, up from 2 in September
- Seven of the top ten are electrified, but the Volvo XC40 shows a gas car can still crack 1%
- 77 leases sit above 1.5%, which is walk-away territory
Best lease deals right now
Top 10 lease offers for October 2026, ranked by lease value ratio.
The CX-90 PHEV is the best lease on the site this month at 0.94%.
$389 a month with $2,999 at signing on a $50,495 three-row plug-in. Last month it needed $9,109 at signing, so Mazda cut the deposit by more than $6,000.
The IONIQ 9 drops from first to second, now $419 a month with $4,999 at signing.
At 0.95% it’s still a top-tier lease on a $58,955 electric three-row, just $20 a month dearer than September.
The Niro EV is the cheapest car in the top ten at $269 a month.
It holds a 0.96% ratio on a $39,700 sticker, and Kia puts $10,000 cash on it if you’d rather buy.
The XC40 is the first gas car on the list and the only one under 1%.
$369 a month with $3,189 at signing on a $47,300 Volvo works out to 0.97%. Luxury leases rarely get this close to mainstream pricing.
The Grand Cherokee is new to the top ten at 1.01%.
$399 a month with $2,979 at signing, though the term runs 42 months, six longer than most deals here.
The 2027 Land Cruiser leases for $449 a month with $4,999 at signing.
That’s 1.01% on a $58,180 hybrid off-roader, a rare good lease on a vehicle that usually holds its value too well to discount.
The XC90 is the second Volvo in the top ten, $599 a month on a $68,800 sticker.
A 1.02% ratio puts it among the best luxury leases this month.
The Sportage plug-in is $309 a month with $3,999 at signing.
It scores 1.04% on a $40,490 sticker, the cheapest monthly payment among the plug-ins here.
The EV9 slips from third to ninth at 1.05%.
$439 a month with $4,999 at signing, $1,000 more upfront than in September.
The CX-70 PHEV is the two-row version of the CX-90, $357 a month with $3,999 at signing.
Mazda dropped the deposit from $7,919 to $3,999, which takes its ratio from 1.08% to 1.06%.
All lease deals ranked
Every advertised lease offer scored this October, ranked by lease value ratio. Click any column header to sort.
Lower is better. The ratio is your true monthly cost divided by sticker price.
# ⇕ |
Vehicle ⇕ |
Adj. mo ⇕ |
Monthly ⇕ |
At signing ⇕ |
Term ⇕ |
Sticker ⇕ |
Total paid ⇕ |
Value ratio ⇕ |
Rating |
|---|
Sourced from manufacturer websites October 2, 2026. Lease value ratio = (monthly payment + due at signing divided by term) divided by MSRP, times 100. 77 of 283 offers rate above 1.5%.
Deals we evaluated but did not recommend
The worst lease offers we scored
- 2026 GMC Sierra 2500HD (ratio: 2.09%) $799 a month with $8,319 at signing on a $49,295 truck. True cost is $1,030 a month, the worst ratio in the rankings for a second month.
- 2026 Porsche Macan (ratio: 1.95%) $1,049 a month with $8,269 at signing over 39 months. That’s $50 a month more than in September, on the same car.
- 2026 Mitsubishi Eclipse Cross (ratio: 1.95%) $427 a month with $4,426 at signing on a $27,655 crossover. A small car with a large-car cost profile.
- 2027 Mercedes-Benz EQS SUV (ratio: 1.91%) $1,489 a month with $9,157 at signing on a $91,400 electric SUV. Mercedes still isn’t discounting its 2027 electric range on lease.
- 2027 Mercedes-Benz EQE SUV (ratio: 1.89%) $1,059 a month with $6,994 at signing on a $66,400 sticker. The 2026 version of the same SUV rates far better.
Our top pick for each vehicle category
One top pick per category, no model repeated. Click through for the full ranked list in each segment.
The best lease on the site this month. Mazda cut the amount due at signing to $2,999, and that’s what pushed this plug-in three-row to the top.
See all SUV lease dealsLast month’s overall winner is still the best fully electric lease. $419 a month on a $58,955 three-row is hard to beat on value.
See all EV and hybrid leasesThe best truck lease for a second month running. A 24-month term with $1,869 at signing keeps the true cost down, which is rare on a full-size pickup.
See all truck lease dealsVolvo takes the luxury top spot from Lexus. At 0.97% the XC40 rates better than most mainstream SUVs this month.
See all luxury lease dealsTwo minivans carry lease offers this month, the Odyssey and the Carnival. The 2026 Odyssey is the pick, at $399 a month over 39 months.
See all minivan leasesOnly two leases come in under $200 a month, both Corollas. The hatchback rates slightly better than the sedan once the $3,999 deposit is counted.
See all leases under $200$2,369 at signing on a full-size pickup, and still a Fair rating. The 42-month term is longer than most, so check the mileage allowance.
See all zero-down leasesRanked on what you actually pay across the whole term. $9,725 covers 24 months of payments plus everything due at signing.
See the cheapest leasesShould you lease or buy right now?
Leasing is stronger than buying for most of the top ten this month, and it’s no longer only an electrified story. Seven of the top ten are electric, plug-in or hybrid, but three gas SUVs made the cut, led by the Volvo XC40 at 0.97%.
Further down, the picture changes. 77 of the 283 leases we track sit in walk-away territory above 1.5%. If the car you want is in that group, check its finance offer before you sign a lease.
Lean toward leasing if…
- You want an electric or plug-in vehicle, where the discounts are
- You drive under 12,000 miles a year
- You replace your car every two or three years
- You would rather not carry the resale risk on an EV
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
Work out the true monthly cost
The advertised payment hides the deposit. Spread the amount due at signing across the term, add it to the payment, then divide by sticker price. That single number lets you compare a $189 sedan against a $1,809 flagship.
Take your monthly payment, add the amount due at signing divided by the number of months, then divide by the sticker price and multiply by 100.
Value ratio = adjusted monthly / sticker x 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: a lower payment doesn’t always mean a better deal. Compare the top two this month.
CX-90 PHEV: $389 + ($2,999 / 36) = $472 a month on a $50,495 sticker, a 0.94% ratio.
IONIQ 9: $419 + ($4,999 / 36) = $558 a month on a $58,955 sticker, a 0.95% ratio.
The IONIQ 9 costs $86 a month more, yet it’s almost exactly the same value for the money.
What the ratings mean
Every lease on this page is scored the same way, whatever the brand or body style. The bands below are what we use across the site.
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.
Check the Rate Behind Your Lease Payment
A lease quote gives you a money factor, not an interest rate. Multiply it by 2,400 to get the equivalent APR, then check that against what a loan on the same car would cost.
