Best Car Lease Deals in January

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By |2021-01-09T10:05:48-05:00January 8, 2021 - 12:00AM|Buying|
2020 Mazda CX-5

2020 Mazda CX-5 / Photo Credit: Mazda

The Best New-Car Lease Offers by Brand

We’ve sifted through every new-car lease deal available in January to give you an idea of what to expect from each automotive brand. We provide information about each brand’s leases for the current month and highlight leasing incentives that offer especially good value for the money compared to their rivals.

Leasing is a solid option for many people compared to buying a car outright, since it typically means a lower monthly payment, lower out-of-pocket costs, and complete warranty coverage for the length of the lease. You can look forward to a brand-new car every 2 or 3 years and, once the lease is up, you won’t have to worry about selling it.

Keep in mind, lease deals vary by location, so be sure to check with your dealer on the best offers available. Your credit score could also affect the availability of these leasing incentives.

2021 Ford F-150 / Photo Credit: Ford

2021 Ford F-150 / Photo Credit: Ford

Best Lease Deals by Brand in January

Acura Lease Deals

Acura offers 3-year lease deals on most vehicles, with monthly payments ranging from $239 on the ILX sedan, to $419 on the MDX 3-row SUV. Money due at signing ranges from $2,799 to $3,899.

Research Acura models | Get details from Acura

Audi Lease Deals

Audi has many 3-year lease deals with $300 to $500 monthly payments and $3,000 to $5,000 due at signing. For example, you can lease an Audi A3 for $359 per month with about $3,000 down.  The Q5 SUV is leasing for $429 per month for 3 years with about $4,000 down.

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BMW Lease Deals

BMW’s 3-year lease deals vary widely. For example, the X1, X2, X3, 2 Series, and 3 Series all come in around at less than $400 per month with less than $4,000 down. BMW’s best deal is on the all-electric i3, at $289 per month with $3,999 due at signing. The brand’s featured lease is on the X3, starting at $399 per month with $5,299 due at signing.

Many BMW models carry monthly lease payments of around $500 to $600, but if you choose one of the brand’s pricier models, you can expect payments in excess of $800 per month with $7,000 or more down.

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Buick Lease Deals

Buick’s vehicles are more luxurious than comparable models from Chevrolet, so they carry a higher starting price. However, they typically lease with competitive incentives. The Encore is leasing for as low as $149 per month for 36 months with around $1,400 due at signing. There’s a catch though. These cheapest lease deals are reserved for current GM owners and eligible family owners. Other Buick leases carry the same restrictions and range from $179 to $279 per month.

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Cadillac Lease Deals

Cadillac’s lease deals undercut most other luxury automakers’. For example, the XT4 is available for $299 per month for 36 months with $3,429 due at signing, but you have to be an eligible current GM lessee. Those who don’t qualify may have to pay thousands more at signing. Most other Cadillac vehicles can be leased for 36 months for $300 to $400 per month and $3,000 to $5,000 due at signing.

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Chevrolet Lease Deals

Chevrolet’s lineup generally carries appealing monthly lease payments of $200 to $400 for 39-month terms. You can expect to pay between $1,200 and $3,500 at signing. The Trailblazer is leasing for $219 per month for 39 months with $1,549 down, but only to current lessees. The 3-row Traverse starts at $279 per month with $2,739 due at signing, though there are eligibility restrictions.

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Chrysler Lease Deals

Chrysler has a small lineup and doesn’t advertise many lease deals. Moreover, they often only apply to returning lessees. They typically have monthly payments of around $300 to $400 with about $3,000 to $4,000 down. For example, the Pacifica minivan is available to all well-qualified buyers at $369 per month for 36 months with $4,749 down.

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Dodge Lease Deals

Dodge has few advertised lease incentives, and many are published for estimation purposes only. Many of its lease deals tend to be geared toward specific buyers, such as people who currently lease a Dodge vehicle. Monthly payments on vehicles like the Challenger, Charger, and Durango are all around $300 per month with $4,000 due at signing.

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Fiat Lease Deals

Fiat is leasing the 124 Spider for $398 per month for 36 months with $4,449 due at signing. There’s also a 39-month lease deal on the 500X with a monthly payment of around $300 and $4,000 down. These deals don’t offer as much value as most rivals’ incentives.

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Ford Lease Deals

You can lease a Ford for 3 years for around $300 per month with $3,000 due at signing. For example, the Escape comes in at $340 per month with $3,200 down. The Fusion, Mustang, and Ranger all come with similar incentives. The most up-to-date advertised deal on the F-150 will set you back $500 per month with $5,000 due at signing.

It’s important to note that, like many brands, Ford offers much better lease incentives for returning lessees and trade-in customers.

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Genesis Lease Deals

Genesis has a small lineup, so it doesn’t have many offers. The G70 is available with a monthly lease payment of $339 for 36 months with $3,429 due at signing. The G90 will cost you $759 per month with $7,599 down. There are currently no advertised leasing specials on the G80.

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GMC Lease Deals

Like Buick, GMC’s vehicles are more expensive than Chevrolet’s, though GMC’s leasing offers are also generally competitive. For example, the Canyon pickup truck is leasing for $199 per month for three years with $2,399 due at signing. The Terrain is leasing for 3 years with a payment as low as $179 per month with about $1,700 due at signing. You can lease an Acadia with $2,700 down and the same monthly payment as the Terrain.

It’s important to note that, like Buick and Chevrolet, GMC’s lease deals often have special restrictions.

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Honda Lease Deals

Honda is offering several leases with $0 due at signing and no first month’s payment. Monthly payments range from $250 for the HR-V to $330 for the CR-V. If you don’t mind putting money down at signing, you can lease the Fit for $169 per month for 36 months with $1,999 down or the Passport for $309 with $3,799 due at signing.

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Hyundai Lease Deals

If you’re on a tight budget and looking for some of the best lease deals available, Hyundai should be on your list. The majority of its lease deals run for 36 months and come in around $200 per month with about $2,500 due at signing.

The best deal is on the Elantra, at $129 per month. The Venue and Sonata are leasing with a monthly payment of $159. If you need something larger, you can lease a Santa Fe for $199 or a Palisade for $359.

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Infiniti Lease Deals

Infiniti typically offers some of the best lease deals among luxury automakers. You can expect 39-month lease incentives with monthly payments between $300 and $400 with $3,000 to $4,000 due at signing in most cases. For example, the QX50 is leasing for 39 months at $389 per month with $3,799 down.

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Jaguar Lease Deals

The E-Pace and F-Pace are leasing for 36 months for about $400 per month with $4,000 down. Jaguar’s best deal is on the XE sedan, at $329 per month with $3,495 due at signing.

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Jeep Lease Deals

Following suit with FCA’s other brands, Jeep primarily advertises special lease deals for select shoppers, such as those who already lease a Jeep. For those who qualify, most Jeep vehicles are leasing for $209 to $340 per month with around $4,000 due at signing. The Gladiator is leasing with a monthly payment of around $280 with about $4,000 down.

Jeep’s best current deal is on the Renegade, which comes in near $200 per month with $3,799 due at signing.

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Kia Lease Deals

Kia leases much of its lineup for around $200 per month or less. You can pick between 24- and 36-month terms with the same monthly payment and money due at signing. Most vehicles require between $2,500 and $3,500 upfront. Larger SUVs like the Sorento and Telluride are available with payments around $300 per month with $3,500 down.

You can lease the Niro, Seltos, Soul, Sportage, and other Kia vehicles with monthly payments of less than $200 and as little as $2,500 down. The Forte starts at just $139 per month with about $3,000 due at signing.

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Land Rover Lease Deals

Land Rover is leasing the Evoque for $339 per month and the Discovery Sport for $379. These are 3-year deals with $3,495 down. Other Land Rover vehicle leases range from around $500 to $900 per month with $4,500 to $6,000 due at signing.

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Lexus Lease Deals

Lexus has a wide variety of competitive 3-year lease deals with most monthly payments ranging from $300 to $500 and no payment for the first 30 days. Money due at signing on most leases ranges from about $2,000 to $4,000. For example, with $3,999 down, the ES is leasing for $339 per month. The RX carries a monthly lease payment of $419. Lexus’ best deal is on the UX, at $329 per month with just $1,999 due at signing.

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Lincoln Lease Deals

This month, Lincoln has 3-year lease incentives with monthly payments as low as $310 per month with $4,000 due at signing. The Corsair is leasing for 4 years at $339 per month with $4,000. There are exceptions, however. The Aviator will set you back about $550 per month with nearly $6,000 down, and the Navigator is around $850 per month with $8,500 due at signing.

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Mazda Lease Deals

Mazda offers competitive lease specials across its entire lineup. There are 3-year deals starting as low as $170 per month with $2,489 due at signing. Even the most expensive leases on vehicles like the CX-9 and Miata carry monthly payments of less than $300 with less than $3,000 down. Since Mazda rarely offers 0% financing deals, its attractive lease deals are worth a look.

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Mercedes-Benz Lease Deals

Mercedes-Benz is offering 3-year lease deals on all models. Like BMW, Mercedes has some lease deals that come in around $400 a month with less than $4,000 down, such as on the A-Class and GLA. Many other incentives have payments of less than $500 per month with around $4,000 down. However, the brand’s pricier vehicles have lease payments ranging from $800 to over $2,000 per month.

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Mini Lease Deals

Mini has lease deals as low as $209 per month for 36 months with $2,999 due at signing. You can lease the base model of most vehicles in Mini’s lineup for less than $300 per month with $2,999 down. These are good deals considering Mini’s models are typically expensive for their classes.

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Mitsubishi Lease Deals

Mitsubishi has leasing incentives on all vehicles, with terms ranging from 36 to 48 months. Monthly payments for the SUVs come in around $300 or less with $3,000 to $4,000 down. You can lease the Mirage for as little as $210 per month with about $3,000 due at signing.

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Nissan Lease Deals

Many Nissan vehicles are available with 3-year lease deals. Monthly payments start as low as $189, though many are around $250 per month. These leases require about $3,000 at signing.

Nissan’s best deal is on the all-electric Leaf, which costs $171 per month with just $0 down. If you’re looking for a pickup truck, the brand is leasing the Frontier for $279 per month with $2,999 down and the Titan for $379 per month with $3,999 due at signing.

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Porsche Lease Deals

Porsche’s 3-year lease deals are pretty consistent each month, with payments ranging from $700 to $1,300. Be prepared to put $6,000 to $12,000 down at signing.

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Ram Lease Deals

Ram offers the best lease deals for select shoppers, such as those who currently lease a Ram or those with select competitive brand vehicles. If you qualify, you may be able to lease a Ram 1500 for as little as $300 per month with about $3,000 due at signing. However, a Ram 1500 lease available to all well-qualified buyers carries a $354 monthly payment with $4,500 down.

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Subaru Lease Deals

Subaru has appealing 3-year lease deals across its lineup, with payments ranging from $199 to $309 per month. Most of these deals require $2,000 to $3,000 at signing. For example, with less than $2,500 down, you can lease the Crosstrek, Forester, or Outback for around $250 per month.

The brand’s best deal is on the Impreza, at $199 per month with $1,999 due at signing.

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Tesla Lease Deals

Tesla is leasing the Model 3 for 36 months with a monthly payment of $371 with $4,500 due at signing. The Model Y is $419 per month with $4,500 down. The Model S and Model X require $7,500 at signing and carry monthly payments of $899 and $1,019, respectively.

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Toyota Lease Deals

Toyota’s leasing promotions vary widely by location. However, the brand is offering several vehicles with 3-year lease deals that require about $3,000 down and carry monthly payments between $200 and $300. The best deal is on the Corolla, at $189 per month for 36 months with $2,000 due at signing. The Tacoma comes in at $199 per month with $2,699 down and the RAV4 has a monthly payment of $289 with $1,999 down.

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Volkswagen Lease Deals

Volkswagen isn’t offering its zero-down lease deals this month. Instead, most leases require around $2,500 to $3,500 down. The lowest monthly payments are on the Jetta at $199 and the Passat at $229. Most of Volkswagen’s SUVs have down payments of around $3,499, with monthly lease payments ranging from $250 to $350. However, the Tiguan is leasing at $239 per month with $3,199 due at signing.

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Volvo Lease Deals

Volvo is offering a full assortment of 3-year lease deals with $4,000 to $5,000 down. Most monthly payments range from $329 to $439, though a few vehicles come in at $600 to $700 per month.

With about $4,000 down, you can lease the XC40 for $335 per month, and the XC60 for $415. The XC90 comes in at just over $500 with $5,000 due at signing. Considering Volvo’s level of luxury and abundance of standard features, these deals are worth considering.

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2018 Toyota Camry

2020 Toyota Camry / Photo Credit: Toyota

More Deals on New and Used Cars

Right now, many automakers are offering 0% financing, long loan terms, sizable cash-back bonuses, and deferred payments. Dealerships are striving to get the new year off to a strong start, and they also realize many people are on a tight budget.

Shopping for a used car can save you even more money. What’s more, some automakers are offering fantastic financing deals and deferred payments on certified pre-owned cars. To learn more, check out the best used car deals in January.

You can also see what’s available near you by searching Carfax Used Car Listings. Every car comes with a free Carfax Vehicle History Report to help you better understand each vehicle’s maintenance record, and whether there’s been any damage reported.

If you have questions about this story, please contact us at Editors@carfax.com

About the Author:

I grew up near Detroit and have been surrounded by the automotive industry my entire life. I spent much of my youth attending car shows, rebuilding classic cars and accompanying my father at work-related events at various test tracks, proving grounds and other automotive facilities. I’ve always had an affinity for writing, research and education, so reporting about cars and working to educate people just makes sense. I currently write for U.S. News & World Report and Carfax, and I hold the roles of executive editor and director of communications at InsideEVs. I studied at Central Michigan University and the University of Michigan, as well as VanderCook College of Music in Chicago, IL, where I completed my master’s degree.