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August 1, 2022
Many 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.
Table of Contents
Here's our picks for the best vehicle lease deals for the month of August.
#1 Deal: 2022 Hyundai Elantra
Lease Deal: $189/month for 36 months, $3,199 due at signing
>> Check Hyundai Elantra Prices
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#2 Deal: 2022 Subaru Impreza
Lease Deal: $225/month for 36 months, $2,625 due at signing
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#3 Deal: 2022 Honda Civic
Lease Deal: $229/month for 36 months, $3,499 due at signing
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#4 Deal: 2022 Toyota RAV4
Lease Deal: $279/month for 36 months, $2,999 due at signing
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#5 Deal: 2022 RAM 1500
Lease Deal: $409/month for 36 months, $4,299 due at signing
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---|---|---|---|---|---|
2022 | Hyundai | Elantra | $189/month for 36 months, $3,199 due at signing | 9/6/2022 | |
2022 | Subaru | Impreza | $225/month for 36 months, $2,625 due at signing | 8/31/2022 | |
2022 | Honda | Civic | $229/month for 36 months, $3,499 due at signing | 9/6/2022 | |
2022 | Toyota | RAV4 | $279/month for 36 months, $2,999 due at signing | 9/6/2022 | |
2022 | RAM | Ram Pickup 1500 Classic | $409/month for 36 months, $4,299 due at signing | 9/6/2022 |
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 $409/month for 36 months, $1,459 due at signing.
See all our picks for the best zero down lease deals for August »
You can find many affordable lease deals for under two hundred dollars per month. Our top pick this month is the 2022 Hyundai Venue with a deal of $169/month for 36 months, $3,199 due at signing.
See all our picks for the best lease deals under $200 per month for August »
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 Impreza with a deal of $225/month for 36 months, $2,625 due at signing.
See all our picks for the cheapest lease deals for August »
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 Ford Ranger with a deal of $359/month for 36 months, $3,879 due at signing.
See all our picks for the best truck lease deals for August »
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 Toyota RAV4 with a deal of $279/month for 36 months, $2,999 due at signing.
See all our picks for the best SUV lease deals for August »
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 $539/month for 36 months, $4,449 due at signing.
See all our picks for the best minivan lease deals for August »
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 BMW X3 with a deal of $579/month for 36 months, $5,804 due at signing.
See all our picks for the best luxury vehicle lease deals for August »
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.
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