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 is the 2020 Hyundai Elantra SE. 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 325 car lease listings of over 10 car manufacturers.

Make and ModelPMTDOWNAVG PMTMSRPTERMLVR
2020 Hyundai Elantra SE Automatic$149$2,399 $216$19,880 361.09%
2020 Kia Forte LXS$159$2,499 $223$20,115 391.11%
2020 Kia Forte GT-Line$169$2,499 $233$21,315 391.09%
2019 Honda Fit LX with CVT$179$2,199 $240$17,945 361.34%
2020 Hyundai Veloster Base with Manual$179$2,299 $243$19,530 361.24%
2019 Volkswagen Jetta S 1.4T with Automatic$169$2,999 $246$19,545 391.26%
2019 Nissan Sentra SV with CVT (Incl. $500 Loyalty Bonus)$139$3,939 $248$20,625 361.20%
2019 Honda Civic 2.0 LX Sedan$189$2,199 $250$21,305 361.17%
2019 Honda HR-V LX$189$2,299 $253$21,740 361.16%
2019 Honda Fit Sport with CVT$189$2,299 $253$19,255 361.31%
2019 Ford Fusion SE 1.5T (Select Stock After $1,500 Trade-In Bonus)$199$1,999 $255$25,670 360.99%

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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