Cheapest New Car Leases This Month

How to Read a Lease Payment

An advertised lease payment is the output of four inputs the dealer can adjust: the capitalized cost (the price you negotiate, just like a purchase), the residual value (what the manufacturer guarantees the car will be worth at lease end — set by the captive lender, not negotiable), the money factor (the lease equivalent of an interest rate, often marked up by the dealer), and the term and mileage. Two of those — cap cost and money factor — are where you save real money. Residual and term are mostly fixed.

Below-$250/month on a modern compact car or crossover almost always means the manufacturer is subsidizing the residual (an “inflated residual”) to move inventory. That's why the cheapest leases tend to cluster around models the automaker needs to clear — end-of-cycle trims, vehicles facing a refresh, underperforming nameplates, or EVs hit by the tax-credit cliff. They are not always the cars you'd buy with cash, but they can be the cheapest way to get into a new car for 24–36 months.

The due-at-signing figure matters more than most shoppers realize. An offer at $199/mo with $4,000 due at signing on a 36-month term has an effective monthly cost of roughly $310 ($199 + $4,000/36). Always compare offers on effective monthly, not advertised monthly.

Cheapest Leases by Monthly Payment

Published manufacturer lease offers ranked by advertised monthly payment, lowest first.

Published manufacturer lease offers. Pricing assumes top-tier credit and may vary by region and dealer. Updated July 2026.

This Month's Standouts

A few offers in the table above are unusually aggressive for what they are. The Mazda3 at $199 is the cheapest sedan lease from a brand most shoppers don't think of as a value play — Mazda has been steadily pushing residuals upward to compete with Honda/Toyota, which compresses lease payments even when the cap cost holds. The Buick Encore GX at $209 for 24 months is a short-term lease, which means the per-month payment looks competitive but the total cash outlay is much lower than a 36-month lease — useful if you want to keep options open for an EV in two years.

The Prius Prime at $259 is doing something unusual: a plug-in hybrid at a payment most automakers reserve for base ICE compacts. That's the federal EV/PHEV lease loophole at work — captive lenders apply the $7,500 commercial-vehicle credit to leases regardless of buyer income or the vehicle's build location, then pass the credit through as a cap-cost reduction. Watch for similar pricing on the Hyundai Ioniq 5, Kia EV6, and Chevy Equinox EV when their lease cash refreshes.

The luxury offers (Acura Integra at $369, RDX at $479, MDX at $599) look expensive next to the mainstream brands but are well-priced relative to comparable German leases. Acura discounts the money factor heavily for current owners; a loyalty rebate can pull these payments $40–60/month lower than the advertised number if you're already in an Acura or Honda.