We Calculated the Cheapest Leases This Month
We checked every car brand’s official website to find the lease deals with the lowest monthly payments and the least amount of money due at signing.
Related: Cheapest SUV Lease Deals
With prices currently high on the used car market, a cheap lease may be the best way to get into a car while sticking to a tight budget.
Cheap Lease Deal Trends in September 2023
The average monthly payment on these cheap leases is up slightly this month, but the cars have mostly stayed the same. The Hyundai Venue remains the cheapest vehicle to lease in the country. The only fresh vehicle on the list is the Envista, a new SUV from Buick. It bumps the Subaru Legacy out of the top 10.
Keep in mind that the best lease deals typically apply to the base trim. For this reason, the deals you see below should be considered examples of the best-case scenario. The actual monthly payments and down payments may only be “as low as” the dollar amounts listed in this article. The “Total Cost” excludes taxes and fees. Lease deals vary by location, so be sure to check online or with your dealer to find the best offers available near you. Your credit score could also impact the availability of these leasing incentives.
1. 2023 Hyundai Venue
- $209 per month for 36 months with $3,499 due at signing on 2023 SE models
- Effective Monthly Payment: $306
- MSRP: $19,650
Deals vary by region. Expires October 2, 2023. See Hyundai website for terms and conditions.
2. 2023 Hyundai Kona
- $202 per month for 36 months with $4,012 due at signing on 2023 SE models
- Effective Monthly Payment: $313
- MSRP: $22,140
Deals vary by region. Expires October 2, 2023. See Hyundai website for terms and conditions.
3. 2023 Hyundai Elantra
- $219 per month for 36 months with $3,499 due at signing on 2023 SE models
- Effective Monthly Payment: $316
- MSRP: $20,950
Deals vary by region. Expires October 2, 2023. See Hyundai website for terms and conditions.
4. 2023 Kia Forte
- $209 per month for 24 months with $2,799 due at signing on 2023 LXS models
- Effective Monthly Payment: $326
- MSRP: $20,190
Deals vary by region. Expires October 31, 2023. See Kia website for terms and conditions.
5. 2023 Kia Soul
- $219 per month for 24 months with $2,799 due at signing on 2023 LX models
- Effective Monthly Payment: $336
- MSRP: $19,790
Deals vary by region. Expires October 31, 2023. See Kia website for terms and conditions.
6. 2024 Honda HR-V
- $249 per month for 36 months with $3,199 due at signing on 2024 LX models
- Effective Monthly Payment: $338
- MSRP: $24,100
Deals vary by region. Expires October 31, 2023. See Honda website for terms and conditions.
7. 2024 Subaru Impreza
- $269 per month for 36 months with $2,569 due at signing on 2024 base models
- Effective Monthly Payment: $340
- MSRP: $22,995
Deals vary by region. Expires October 2, 2023. See Subaru website for terms and conditions.
8. 2023 Nissan Leaf
- $269 per month for 36 months with $2,669 due at signing on 2023 S 40 kWh models
- Effective Monthly Payment: $343
- MSRP: $28,140
Deals vary by region. Expires October 2 2023. See Nissan website for terms and conditions.
9. 2024 Buick Envista
- $179 per month for 24 months with $3,969 due at signing on 2024 Preferred models
- Effective Monthly Payment: $344
- MSRP: $22,400
Deals vary by region. Expires October 2, 2023. See Buick website for terms and conditions.
10. 2024 Honda Civic
- $259 per month for 36 months with $3,399 due at signing on 2024 LX models
- Effective Monthly Payment: $353
- MSRP: $23,950
Deals vary by region. Expires October 31, 2023. See Honda website for terms and conditions.
How We Ranked These Lease Offers
The deals are ranked from the cheapest to the most expensive based on the total “effective” monthly payment. For each vehicle shown, we added up all the monthly payments plus the down payment and then divided it by the number of months. Our hope is that this makes it easy to see which lease deals offer the most value for your money. (For a summary of every lease deal this month, click here.)
For each of our cheapest lease deals listed, we provide the total cost of the lease and the effective monthly payment (both excluding taxes and fees), as well as the manufacturer’s suggested retail price (MSRP). This way, you can clearly see how the deals stack up.
Just because a car is available with a cheap lease promotion doesn’t mean it’s a subpar vehicle. In fact, some popular and highly rated cars, trucks, and SUVs are available with appealing lease deals every month. And, if we did find a cheap leasing incentive on a vehicle that’s not worth the money, we left it out.
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If you have questions about this story, please contact us at Editors@carfax.com
