Best $0 Down Lease Deals for April 2024

How We Collect & Rank Zero Down Lease Deals

In our method for ranking the best zero down lease deals, we primarily focused on the lease value ratio, comparing the monthly payment to the car's market value. A lower ratio indicated a more favorable deal, offering more car for less money.

When zero down lease deals weren't available, as they often fluctuate in the market, we shifted our attention to finding leases with relatively low due-at-signing amounts. This approach ensured that we highlighted deals that, while not entirely zero down, still presented a low upfront financial commitment.

We also factored in the total lease cost over its term, including all fees, to ensure a comprehensive assessment. Special offers and incentives from manufacturers were also considered, as they can significantly enhance the attractiveness of a lease deal.

This strategy allowed us to effectively rank lease deals, prioritizing those with the best value and minimal initial expense.

Cheapest Car to Lease With No Money Down (or Low Payment)

A few zero down deals happen to be on some of the most affordable cars on the market. This combination means a low upfront cost and low monthly payments.

Check out our pick for the cheapest car to lease with no money down below. Or read about all our cheap lease deal picks.

 

Top Pick: 2024 Subaru Solterra
Lease Deal: $329/month for 36 months, $329 due at signing

>> Check Subaru Solterra Prices <<

 

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Cheapest SUV to Lease With No Money Down (or Low Payment)

So, what is the cheapest SUV to lease with no money down? Out of all these SUVs, we selected the 2024 Hyundai Kona Electric

 

Top Pick: 2024 Hyundai Kona Electric
Lease Deal: $169/month for 24 months, $1,999 due at signing

>> Check Hyundai Kona Electric Prices <<

 

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Types of $0 Down Lease Deals: Breakdown

• No Cap Cost Reduction: This deal involves no down payment, with only the first month's payment and fees due at signing.
• Dealer Makes the First Payment: Certain manufacturers offer to cover the first month's payment, reducing initial costs.
• No Cap Cost Reduction and $0 First Month’s Payment: This option waives the first month's lease payment, but higher subsequent monthly payments should be expected.
• Zero Due At Signing – Sign and Drive: The most straightforward deal, involving only the agreed-upon payments and fees outlined in the lease agreement.

How to Get Zero Down Lease Deal with Bad Credit

If you have bad credit with a credit score below 620, you will likely have a hard time getting a car lease from a dealership, much less one without a down payment.

However, you still have options.

There are a few companies that work with dealerships that specialize in subprime lending. This means that you can buy a new car, even if you have a 500 credit score.  Typically, these companies will speak with you about your vehicle preferences and then connect you with local dealers willing to offer loans to customers with poor credit, often with no upfront payment.

If you have bad credit, check out our partner, Auto Credit Express, which has one of the largest networks of car dealerships across the United States.

Frequently Asked Questions

Are there any car leases with no money down?

Yes, manufacturers are offering a variety of zero down lease deals right now. And sometimes you can negotiate zero down for other models if you have good credit.

Who is offering leases with zero down payment?

Many popular manufacturers like Honda, Hyundai, and Nissan periodically offer lease deals with no down payment required. Manufacturers consistently release deals each month that have zero or very low due at signing amounts.

How do I lease a car for zero down?

Lease terms are typically negotiable so you can sometimes ask a car dealer to transfer your down payment into higher monthly payments.  Learn more about how to negotiate a lease.

Should I put a down payment on a lease?

One of the main advantages of leasing is the low up-front costs, but keep in mind that a zero down lease will raise your monthly payment since you are not pre-paying some of the lease obligation.

What is 'due at signing' on a lease?

The due at signing amount typically consists of the first month’s payment, security deposit, acquisition fee, and any state taxes. It’s important to read the details before leasing, even with advertised $0 down there may be applicable taxes and fees. Learn how zero down leases work.

What credit score do I need for a zero down deal?

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 a zero down deal.

Can I lease a car with a 500 credit score?

You may have a hard time leasing a car with a 500, 550, or even a 600 credit score from a traditional dealer.  However, our partner, Auto Credit Express, works with a network of car dealerships across the United States that offer loans to customers with poor credit, even if you have a 500 credit score.

How much should I put down on a lease?

When leasing a car, the dealer or manufacturer may set a predetermined due at signing amount. There isn't much leeway on what you can put down on a lease, so expect to pay that amount. You can learn more about how much money to put down on a car here. However, if you have very good credit and make enough annually, you may be able to negotiate a zero down lease deal with higher monthly payments.