Best Lease Deals For August 2020
Many manufacturers are offering low monthly lease deals this month on 2019 and 2020 models for well qualified buyers.
In addition to offers with low monthly payments, there are a few deals with no or low down payments. By paying a lower amount at signing, drivers can save money on many of today's popular models from manufacturers like Ford, Toyota, and Chevrolet.
Below we break down lease offers by category and highlight some of the best lease deals right now.
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Best Lease Deals Right Now
Here's our picks for the best lease deals for the month of August.
#1 Deal: 2020 Subaru Impreza
Lease Deal: $249/month for 36 months, $0 due at signing
#2 Deal: 2020 Nissan Leaf
Lease Deal: $114/month for 24 months, $2,929 due at signing
#3 Deal: 2020 Honda Pilot
Lease Deal: $390/month for 36 months, $0 due at signing
#4 Deal: 2020 Volvo S90
Lease Deal: $489/month for 36 months, $3,789 due at signing
#5 Deal: 2020 Nissan Pathfinder
Lease Deal: $279/month for 36 months, $3,299 due at signing
#6 Deal: 2020 Toyota Tacoma
Lease Deal: $279/month for 36 months, $2,999 due at signing
#7 Deal: 2020 Acura RDX
Lease Deal: $369/month for 36 months, $2,799 due at signing
#8 Deal: 2020 Volkswagen Jetta
Lease Deal: $139/month for 39 months, $3,499 due at signing
#9 Deal: 2020 Kia Forte
Lease Deal: $159/month for 36 months, $2,499 due at signing
#10 Deal: 2020 Hyundai Elantra
Lease Deal: $119/month for 36 months, $3,175 due at signing
|2020||Subaru||Impreza||$249/month for 36 months, $0 due at signing||7/31/20|
|2020||Nissan||Leaf||$114/month for 24 months, $2,929 due at signing||8/3/20|
|2020||Honda||Pilot||$390/month for 36 months, $0 due at signing||8/31/20|
|2020||Volvo||S90||$489/month for 36 months, $3,789 due at signing||7/31/20|
|2020||Nissan||Pathfinder||$279/month for 36 months, $3,299 due at signing||8/3/20|
|2020||Toyota||Tacoma||$279/month for 36 months, $2,999 due at signing||8/3/20|
|2020||Acura||RDX||$369/month for 36 months, $2,799 due at signing||9/8/20|
|2020||Volkswagen||Jetta||$139/month for 39 months, $3,499 due at signing||7/31/20|
|2020||Kia||Forte||$159/month for 36 months, $2,499 due at signing||8/3/20|
|2020||Hyundai||Elantra||$119/month for 36 months, $3,175 due at signing||8/3/20|
Best Lease Deals (Video)
Frequently Asked Questions
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.
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.
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.
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.
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.
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.
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.
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.