Best Lease Deals For March 2023
March 2, 2023
Many 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.
#1 Deal: 2023 Hyundai Elantra
Lease Deal: $309/month for 36 months, $0 due at signing
>> Check Hyundai Elantra Prices
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#2 Deal: 2023 Nissan Murano
Lease Deal: $299/month for 24 months, $2,719 due at signing
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#3 Deal: 2023 Toyota Highlander
Lease Deal: $349/month for 36 months, $3,999 due at signing
>> Check Toyota Highlander Prices
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#4 Deal: 2023 Kia EV6
Lease Deal: $599/month for 36 months, $3,999 due at signing
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#5 Deal: 2023 BMW X3
Lease Deal: $559/month for 36 months, $6,279 due at signing
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---|---|---|---|---|---|
2023 | Hyundai | Elantra | $309/month for 36 months, $0 due at signing | 4/3/23 | Check Prices |
2023 | Nissan | Murano | $299/month for 24 months, $2,719 due at signing | 4/3/23 | Check Prices |
2023 | Toyota | Highlander | $349/month for 36 months, $3,999 due at signing | 4/4/23 | Check Prices |
2023 | Kia | EV6 | $599/month for 36 months, $3,999 due at signing | 4/3/23 | Check Prices |
2023 | BMW | X3 | $559/month for 36 months, $6,279 due at signing | 4/2/23 | Check Prices |
Our Top Pick in Each Vehicle Class & Category
Zero Down (or Low Payment) Lease Deals
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
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
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
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
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
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
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.

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