Best Lease Deals For May 2022

Best Lease Deals FeaturedMany manufacturers are offering lease deals and incentives this month on 2021 and 2022 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.

Best Lease Deals Right Now (across all vehicle types)

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

YearMakeModelLease OffersExpiration
2022KiaNiro EV$299/month for 36 months, $3,499 due at signing5/31/2022
2022SubaruCrosstrek$245/month for 36 months, $2,445 due at signing5/31/2022
2022HyundaiElantra$189/month for 36 months, $3,199 due at signing5/31/2022
2022ToyotaCamry$289/month for 36 months, $2,999 due at signing5/31/2022
2022RAMRam Pickup 1500 Classic$359/month for 36 months, $4,199 due at signing5/31/2022
2022JeepGladiator$359/month for 39 months, $4,099 due at signing5/31/2022
2022NissanLeaf$209/month for 36 months, $4,059 due at signing5/31/2022
2022HondaHR-V$229/month for 36 months, $3,899 due at signing7/5/2022
2022AudiA5$579/month for 36 months, $5,069 due at signing5/31/2022
2022MazdaCX-30$229/month for 24 months, $2,999 due at signing5/31/2022

Our Top Pick in Each Vehicle Class & Category

Zero Down (or Low Payment) Lease Deals

2022 Subaru Impreza

Subaru Impreza

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 2022 Subaru Impreza with a deal of $215/month for 36 months, $2,015 due at signing.

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

Lease Deals Under $200 per Month

Hyundai Kona

Hyundai Kona

You can find many affordable lease deals for under two hundred dollars per month. Our top pick this month is the 2022 Hyundai Kona with a deal of $179/month for 36 months, $3,899 due at signing.

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

Cheapest Lease Deals

2022 Subaru BRZ

Subaru BRZ

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 2022 Subaru BRZ with a deal of $379/month for 36 months, $1,379 due at signing.

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

Truck Lease Deals

2022 Jeep Gladiator

Jeep Gladiator

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 2022 Jeep Gladiator with a deal of $359/month for 39 months, $4,099 due at signing.

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

SUV Lease Deals

2022 Hyundai Santa Fe

Hyundai Santa Fe

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 2022 Hyundai Santa Fe with a deal of $267/month for 36 months, $3,899 due at signing.

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

Minivan Lease Deals

Chrysler Pacifica

Chrysler Pacifica

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 2022 Chrysler Pacifica with a deal of $459/month for 39 months, $4,099 due at signing.

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

Luxury Lease Deals

2021 Mercedes C Class

Mercedes-Benz C-Class

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 2022 Mercedes-Benz C-Class with a deal of $659/month for 36 months, $4,523 due at signing.

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

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.