In any given year, millions of Americans lease new cars rather than buying them outright. Leasing allows consumers to enjoy all the perks of a new vehicle without the expense and long-term obligations that come with an auto loan. If you’re looking for a great vehicle to lease this year that won’t drain your bank account, any of these fine models could fit the bill.
Chevrolet Malibu Limited LT
While a Malibu might not seem like the go-to frugal lease for most, a 2016 Malibu Limited LT costs just $199 per month for a three-year lease. The kicker is that the down payment is just $500 at most dealerships. The Malibu Limited LT manages a respectable 34 mph on the highway, making it an inexpensive commuter car for singles and families alike.
Ford Focus SE Sedan
For well over a decade, the Ford Focus has been a favorite of value-conscious drivers all over the world. You can lease the latest four-door iteration with an automatic transmission for just $179 per month with $1,999 due at signing. While the standard 36-month lease caps mileage at 10.5K per year, the total monthly lease price is a very affordable $235.
If you’re looking for a capable hatchback with the reliability of a Civic, the Honda Fit is the car for you. A four-door 2016 Fit with an automatic transmission good for 40 mpg at highway speeds is only $149 a month. While the $2,199 down payment is higher than some competing offers, the 1K-per-month mileage allowance and rock-solid Honda name more than compensate.
Long gone are the days when Kia was considered a cheap import afterthought. The brand has really come into its own as far as quality and dependability are concerned. The 2016 Kia Forte LX in both sedan and hatchback layouts proves this to be true. Either can be leased for $149 a month with a relatively standard $1,999 down payment due at signing.
Mazda3 i Sport Sedan
While the Mazda3 represents one of the best values around, it’s flown under the radar of many consumers. That’s probably why the 2016 Mazda3 i Sport Sedan has such attractive lease terms. A 36-month lease can be had for no money down and costs just $219 per month. Capable of 41 mpg on the highway, it’s a frugal driver’s dream car.
Toyota Corolla S Plus
When it comes to bulletproof automotive dependability, the Corolla is always a safe bet. The new Corolla S Plus keeps the decades-long hit streak alive. Lease signers get a cushy ride, decent fuel economy and a few nifty creature comforts to boot. A 36-month contract featuring a 1K monthly mileage allowance is just $159 per month with a $1,999 down payment.
Volkswagen Jetta 1.4T S
There’s truly never been a better time to lease a VW than right now. A brand-new Jetta can be had for $139 per month and $1,999 due at signing. The effective monthly cost on the lease works out to about $195 per month when everything is tallied up. Given the 1.4T’s 40 mpg highway fuel economy, this offer is a no-brainer.
It’s a Lessee’s Market
Hopefully, the hand-picked models and their lease terms described above are proof enough that we’re in a bit of a golden age for leasing great cars. The key to getting the best deal is digging into the nitty-gritty with local dealerships. Just be open and honest about what you want from your lease and you’ll find plenty of leasers willing to meet you halfway.