Cheapest Lease Deals For October 2020

One 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.

#1 Deal: 2020 Kia Forte

Lease Deal: $159/month for 36 months, $2,499 due at signing

Check Kia Forte Prices

#2 Deal: 2020 Nissan Leaf

Lease Deal: $199/month for 36 months, $199 due at signing

Check Nissan Leaf Prices

#3 Deal: 2021 Hyundai Kona

Lease Deal: $199/month for 36 months, $2,299 due at signing

Check Hyundai Kona Prices

#4 Deal: 2021 Subaru Impreza

Lease Deal: $219/month for 36 months, $2,019 due at signing

Check Subaru Impreza Prices

#5 Deal: 2020 Honda Civic 

Lease Deal: $250/month for 36 months, $0 due at signing

Check Honda Civic Prices

Cheapest Car to Lease

So what is the cheapest car to lease? Out of all these inexpensive cars, we selected the 2020 Nissan Leaf

Top Pick: 2020 Nissan Leaf
Lease Deal: $199/month for 36 months, $199 due at signing

Check Nissan Leaf Prices

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

Frequently Asked Questions

What is the cheapest car to lease right now?

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).

What is the cheapest and most reliable car?

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.

What is the cheapest monthly payment for a new car?

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.

What is the cheapest down payment for a new car?

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.

How can I get a cheap car lease deal?

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. 

Do I need a good credit score to lease a car?

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.