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Best Lease Deals For January 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 January.

YearMakeModelLease OffersExpiration
2020NissanLeaf$199/month for 36 months, $199 due at signing2/1/2021
2021ToyotaCorolla Hybrid$159/month for 36 months, $2,999 due at signing2/1/2021
2021VolkswagenJetta$149/month for 39 months, $3,499 due at signing2/1/2021
2021ToyotaTacoma$199/month for 39 months, $2,999 due at signing2/1/2021
2021HondaCivic$260/month for 36 months, $0 due at signing3/1/2021
2021KiaSportage$179/month for 36 months, $3,299 due at signing2/1/2021
2021VolvoS60$329/month for 36 months, $3,629 due at signing2/1/2021
2021BMWX1$429/month for 36 months, $2,999 due at signing2/1/2021
2021Mazda3 Sedan$203/month for 36 months, $2,499 due at signing2/1/2021
2021SubaruImpreza$199/month for 36 months, $1,999 due at signing2/1/2021

Our Top Pick in Each Vehicle Class & Category

Zero Down Lease Deals

2020 Honda CR-V

Honda CR-V

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 Honda CR-V with a deal of $330/month for 36 months, $0 due at signing.

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

Lease Deals Under $200 per Month

2020 Kia Forte

Kia Forte

You can find many affordable lease deals for under two hundred dollars per month.  Our top pick this month is the 2021 Kia Forte with a deal of $159/month for 36 months, $2,499 due at signing.

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

Cheapest Lease Deals

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 January »

Truck Lease Deals

2020 Nissan Titan

Nissan Titan

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 Nissan Titan with a deal of $399/month for 36 months, $3,999 due at signing.

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

SUV Lease Deals

Toyota RAV4

Toyota RAV4

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 Toyota RAV4 with a deal of $239/month for 36 months, $2,999 due at signing.

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

Luxury Lease Deals

2020 Infiniti Q60

Infiniti Q60

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 Infiniti Q60 with a deal of $459/month for 39 months, $4,599 due at signing.

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

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.