Best Lease Deals With No Money Down [May 2023 Edition]

Cheapest Car to Lease 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: 2023 Subaru BRZ
Lease Deal: $419/month for 36 months, $1,469 due at signing

 

Check BRZ Prices

 

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Cheapest SUV to Lease 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 2023 Chevrolet Equinox

Top Pick: 2023 Chevrolet Equinox
Lease Deal: $269/month for 24 months, $1,949 due at signing*

 

Check Equinox Prices

 

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Zero Down Lease Deals on Trucks

Manufacturers do not advertise zero down deals on trucks as frequently as cars.  Perhaps because trucks are in high demand and one of the fastest growing classes of vehicles.

But don’t fret.  Regardless of whether deals are advertised, you can often negotiate a zero down deal on either a car or truck.  And there are plenty of other lease deals on trucks available.

Sign and Drive Lease Deals

Made popular by Volkswagen, sign and drive leases usually involve no out-of-pocket expenses at closing.  The dealer will roll all costs into your monthly payment so that you do not pay anything that day.  You literally sign the paperwork and then drive off the lot with your new car.

Are sign and drive lease deals the same as zero down? Sign and drive is just one type of zero down offer.  While sign and drive typically means nothing is due upfront, some zero down deals have costs at closing like a deposit of the first month’s payment and fees.

Zero Down Lease Deals 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, who 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.