Best Lease Deals For March 2023

Best Lease Deals FeaturedMany manufacturers are offering lease deals and incentives this month on 2022 and 2023 models for all different types of vehicles.

We've compiled all the current lease offers for this month and made our top picks for each category.

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

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Best Lease Deals Right Now (across all vehicle types)

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

2022 Hyundai Elantra#1 Deal: 2023 Hyundai Elantra

Lease Deal: $309/month for 36 months, $0 due at signing

>> Check Hyundai Elantra Prices

Get Price Change Alerts
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Hyundai Elantra - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Hyundai Elantra so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2021 Nissan Murano#2 Deal: 2023 Nissan Murano

Lease Deal: $299/month for 24 months, $2,719 due at signing

>> Check Nissan Murano Prices

Get Price Change Alerts
×
Nissan Murano - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Nissan Murano so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2022 Toyota Highlander#3 Deal: 2023 Toyota Highlander

Lease Deal: $349/month for 36 months, $3,999 due at signing

>> Check Toyota Highlander Prices

Get Price Change Alerts
×
Toyota Highlander - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Toyota Highlander so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

Kia EV6#4 Deal: 2023 Kia EV6

Lease Deal: $599/month for 36 months, $3,999 due at signing

>> Check Kia EV6 Prices

Get Price Change Alerts
×
Kia EV6 - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the Kia EV6 so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2020 BMW X3#5 Deal: 2023 BMW X3

Lease Deal: $559/month for 36 months, $6,279 due at signing

>> Check BMW X3 Prices

Get Price Change Alerts
×
BMW X3 - Price Drop Alerts
Want the best deal? Get notified when the market price changes for the BMW X3 so you can pounce when the price is right.
We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

YearMakeModelLease OffersExpirationCheck Prices
2023HyundaiElantra$309/month for 36 months, $0 due at signing4/3/23Check Prices
2023NissanMurano$299/month for 24 months, $2,719 due at signing4/3/23Check Prices
2023ToyotaHighlander$349/month for 36 months, $3,999 due at signing4/4/23Check Prices
2023KiaEV6$599/month for 36 months, $3,999 due at signing4/3/23Check Prices
2023BMWX3$559/month for 36 months, $6,279 due at signing4/2/23Check Prices

Our Top Pick in Each Vehicle Class & Category

Zero Down (or Low Payment) Lease Deals

2022 Subaru BRZ

Subaru BRZ

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 2023 Subaru BRZ with a deal of $419/month for 36 months, $1,469 due at signing.

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

Lease Deals Under $200 per Month

2021 Nissan Altima

Nissan Altima

You can find many affordable lease deals for under two hundred dollars per month. Our top pick this month is the 2023 Nissan Altima with a deal of $199/month for 18 months, $2,499 due at signing.

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

Cheapest Lease Deals

2022 Nissan Frontier

Nissan Frontier

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 2023 Nissan Frontier with a deal of $299/month for 18 months, $2,459 due at signing.

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

Truck Lease Deals

2022 Ford Maverick

Ford Maverick

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 2023 Ford Maverick with a deal of $346/month for 48 months, $2,991 due at signing.

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

SUV Lease Deals

2020 Mazda CX-9

Mazda CX-9

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 2023 Mazda CX-9 with a deal of $424/month for 36 months, $3,499 due at signing.

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

Minivan Lease Deals

2020 Toyota Sienna

Toyota Sienna

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 2023 Toyota Sienna with a deal of $359/month for 36 months, $3,999 due at signing.

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

Luxury Lease Deals

2020 Lexus GX

Lexus GX 460

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 2023 Lexus GX 460 with a deal of $669/month for 39 months, $5,999 due at signing.

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

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.