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Cheapest Lease Deals For August 2020

cheapest lease deals

cheapest lease dealsOne of the benefits of leasing compared to buying a new car is the low up-front cost. New lease specials are published each month, and you can save even more by focusing on some of the cheapest lease deals available right now.

We take into account the monthly payment and the amount due at signing in order to pick our favorite cheap lease deals. There are plenty of offers from popular car manufacturers that advertise low monthly payments, but the "due at signing" amount is usually higher.

When the down payment on the vehicle is higher, the monthly payment amount usually gets smaller. So our picks for the cheapest lease deals are all affordable options that balance the total cost of the new vehicle.

Cheapest Lease Deals Right Now

To get the most bang-for-your-buck, check out our top picks for the most cost-effective cars to lease right now.

YearMakeModelLease OffersExpiration
2020KiaSoul$179/month for 36 months, $2,699 due at signing8/3/20
2020NissanSentra$179/month for 36 months, $2,399 due at signing8/3/20
2020HyundaiIoniq Plug-in Hybrid$199/month for 36 months, $2,299 due at signing8/3/20
2020Mazda3$199/month for 36 months, $2,300 due at signing8/3/20
2020HondaCivic$250/month for 36 months, $0 due at signing8/31/20

Cheapest Car to Lease

So what is the cheapest car to lease? Out of all these inexpensive cars, we selected the 2020 Hyundai IONIQ Plug-in Hybrid.

2020 Hyundai IONIQ Plug-In Hybrid

Top Pick: 2020 Hyundai IONIQ Plug-in Hybrid
Lease Deal: $199/month for 36 months, $2,299 due at signing

Check IONIQ Plug-in Hybrid Prices

Recommended: Check out our top picks for the cheapest cars to lease with no money down.

Frequently Asked Questions


There are many lease deals on new cars that have a sticker price near or under $20,000. Some of the cheapest and most popular models with lease specials are the 2020 Honda Civic ($20,000) and the 2020 Subaru Impreza ($18,695). Check out our top picks for the cheapest lease deals available right now. 

The 2020 Honda Civic ($20,000) and 2020 Hyundai Elantra ($19,300) are a couple of the cheapest and most reliable cars. There are usually great lease deals on many other good-value and reliable cars. Check out our top picks for the cheapest lease deals available right now. 

The cheapest monthly payment for a new car can be as low as $120 per month. Some new cars like the Nissan Leaf and Hyundai Elantra have monthly payments just above $100 per month. Check out our top picks for the cheapest lease deals available right now.

Car manufacturers frequently publish lease deals that advertise no money down. There may be taxes and other fees due at signing, but the cheapest down payment for a new car can be as low as $0. Check out our top picks for the cheapest lease deals available right now. 

It’s a good idea to get multiple dealerships to compete in order to find the lowest price available. Before reaching out to dealerships for quotes, check out our top picks for the cheapest lease deals available right now. 

The credit score needed to lease a new vehicle may vary, but you generally need a pretty solid credit score to qualify for low monthly payment or no down payment lease specials. A score between 650 and 720 is recommended for most dealerships.