Cheapest Car to Lease with No Money Down

Cheapest Car to Lease with No Money Down
2020 Hyundai Elantra SE @ Photo Courtesy of Hyundai.com

The cheapest car to lease with no money down right now remains the 2020 Hyundai Elantra SE for the 9th month in a row. The $198.00 per month average car payment is exactly as it was las month. . Keep in mind, that dealers across the nation may be offering their own special discounts and/or holiday deals which could vary across the nation. These are the cheapest car lease deals being publicly offered by 352 car lease listings of over 10 car manufacturers.

Top-10 Cheapest Car Lease Deals
Top 10 Cheapest Cars to Lease
#Make and ModelAVGLVRPMTDOWNMSRP
12020 Hyundai Elantra SE Automatic$1980.98%$129$2,499 $20,295
22020 Chevrolet Trax LT FWD$2080.90%$189$729$23,200
32020 Honda Fit LX (Sign & Drive)$2101.17%$210$0$17,945
42021 Chevrolet Trax LT AWD$2140.90%$189$979$23,820
52021 Buick Encore Preferred 1SB$2150.84%$199$559$25,595
62020 Honda Fit Sport$2201.14%$220$0$19,355
72021 Hyundai Venue SE with Automatic$2261.13%$159$2,399 $19,925
82020 Hyundai Venue SE with Automatic$2261.15%$159$2,399 $19,725
92021 Toyota Corolla LE Sedan$2301.07%$179$1,999 $21,479
102020 Hyundai Sonata 2.4L SE$2370.96%$159$2,799 $24,595

These are the top ten cheapest cars to lease regardless of MSRP, MODEL, or LVR (Lease Value Ratio) The cheapest lease payment does not always represent the best lease value. Always look at the LVR to see how well your lease rates or use the Lease Calculator to get a quick estimate of the bang-for-buck value of your car lease. These top-10 cheap car lease deals are extracted from the monthly Car Lease Deals list and sorted by average car payment which is what you could expect your monthly payment to be with no money down.

Why no Electric Cars?

Electric cars are difficult to rate fairly for a couple of reasons: One, the monthly car lease payments are calculated with state government discounts applies which vary from state-to-state. Two, the MSRP is much higher on electric vehicles due to the battery. They do not always reflect an apples-to-apples comparison from car-to-car. This is not to say electric cars do not make great lease deals. Check with your specific dealer to see what is being offered. The payments can be very low and bang-for-bang buck value very high!

Why no Cheap SUV Lease Deals?

Looking for Cheap SUV Lease Deals? Lease deals on SUVs can be very good, but they do on average have a much higher MSRP than small, cheaper sedans which means a higher payment with no money down. You will often find SUVs from Toyota, Honda, or Volkswagen with very low LVRs which means they offer good to excellent lease value. Though they might not be the cheapest car to lease with no money down, they can often give you the best value for your monthly lease payment. If you’re looking for the cheapest SUV to lease or the cheapest crossover to lease, you’ll find them at their respective links.

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