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100 Cheapest Car Leases - Growella

Rankings: The 100 Most Affordable Cars To Lease

When you’re shopping for a car lease, the car with the cheapest price tag isn’t always going to be the car that’s cheapest to lease. Consider the cost of the lease, plus the cost to insure your car and to fill it with gas. Here’s a breakdown of the cars that cost the least to lease.

What Does It Mean To “Lease A Car”?

Leasing a car is a form of car ownership.

A car lease is an agreement between you and a car dealership. You’re given a car for a specific length of time, after which you’re required to bring the car back to the dealership.

While you have a car on lease, it’s yours. You can drive it how you want. Then, when your lease ends, you drive it back to the dealership, as-is.

Leasing a car is similar to having a car on loan, and that’s how car dealerships look at the car lease arrangement. They’re giving you a car to drive with the expectation you’ll bring it back.

By the time you bring the car back, though, the car has lost some value. It’s not worth the same as when your lease started. The dealership can’t sell the car for the same amount of money.

This loss in value to the car is known as depreciation .

Depreciation on a car is what determines its lease payment. So, if a car is expected to lose $10,000 in value over the next three years of you driving it, your three years of lease payments will be roughly equal to the same.

This is why car payments are cheaper when you lease a car as compared to when you buy one. When you lease a car, you’re only paying its depreciation. When you buy a car, you’re paying its whole price.

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Why Would You Lease A Car?

When you’re shopping for a car, you can buy it or lease it.

The decision to buy a car or lease a car is a personal one, but there are some obvious scenarios when it’s better to lease a car than to buy one.

1. You want the latest technology and safety features in your car

For example, if technology and safety features are important to you, you’ll want to consider a lease. This is because, when you have a car on lease, you get to drive it for a few years and then you can get a new one.

Technology and safety upgrades happen quickly in today’s automobiles.

A few years ago, cars rarely included USB ports and collision detection systems; and, camera-assisted parking didn’t exist.

Today, even in entry-level cars, drivers get access to heads-up displays, automatic braking, and blind spot monitoring. In a few years, that feature list will be even longer.

2. You don’t like spending money on random car repairs

Another reason to lease a car is that routine maintenance costs are typically less for drivers who lease as compared to drivers who buy.

This is because leased cars are often bundled with bumper-to-bumper warranty coverage , and free routine maintenance. No matter what goes wrong with your car — from something small like an oil leak to something major like engine failure — the repair costs are covered by your dealership and your lease.

Typically, when you lease a car, the only money you put into a car is for fuel.

3. You like driving the most luxury car you can afford

A third reason to lease a car is because you like to drive “fancy” cars, but don’t like making fancy car payments. Leasing a car gets you the same car for a lot smaller payment as compared to buying.

Remember: when you lease a car, it’s the car’s depreciation you’re paying for — not its sticker price; and, a car will typically lose 50% of its value while it’s on lease.

This means that while you lease a car, your payments will add up to roughly half of the car’s original sticker price. This half-price for a luxury car will usually be less than the full price of a standard car, which is why leasing a car can be cheaper than buying one.

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There are other times when leasing a car makes more sense than buying, too, including:

When you’re going to lease a car, though, and you want to stay in budget, shop for cars that are cheapest to lease. There are some excellent deals in today’s auto marketplace.

The 100 Cheapest Cars To Lease

There are plenty of reasons to lease a car instead of buying one.

Maybe you like to drive new cars every few years; or, maybe you drive your car for business; or, like to drive an upscale auto. None of these are bad reasons.

Leasing can be smart, financially. And, because leasing a car is entirely about its monthly payment, you can compare the overall monthly cost of leasing a car to help you make the best possible choice.

The Growella “Cheapest Cars To Lease” Methodology

When you lease a car, your car lease payments are based on the car’s depreciation during the term of your lease. However, as the driver of a leased car, car payments aren’t your only out-of-pocket expense. You’re also required to carry auto insurance; and, (most) cars don’t run without gasoline, so gas is required, too.

Using publicly available data and an insurance pricing engine, we assumed the following: a 25-year old female driver in a city setting with no traffic offenses; a thirty-six month auto lease; depreciation equal to the value of a trade-in car in 2017 minus its MSRP of three years ago at 15,000 miles driven per year; gas mileage as provided by auto manufacturers; and, an average gas price as provided by FuelEconomy.gov.

We also assumed that the driver did not shop for new auto insurance during her lease; and, that she did not move, nor incur a traffic offense, nor change her driving habits.

1. Mitsubishi Mirage: $219 Per Month

Cheapest Cars To Lease - Mitsubishi Mirage

Read more on the Mitsubishi Mirage at Edmunds.

2. Subaru Outback: $234 Per Month

Cheapest Cars To Lease - Suburu Outback

Read more on the Subaru Outback at Edmunds.

3. Nissan Versa: $307 Per Month

Cheapest Cars To Lease - Nissan Versa

Read more on the Nissan Versa at Edmunds.

4. Subaru Impreza: $312 Per Month

Cheapest Cars To Lease - Subaru Impreza

Read more on the Subaru Impreza at Edmunds.

5. Jeep Cherokee: $317 Per Month

Cheapest Cars To Lease - Jeep Cherokee

Read more on the Jeep Cherokee at Edmunds.

6. Kia Soul: $334 Per Month

Cheapest Cars To Lease - Kia Rio

Read more on the Kia Soul at Edmunds.

7. Hyundai Accent: $337 Per Month

Cheapest Cars To Lease - Hyundai Accent

Read more on the Hyundai Accent at Edmunds.

8. Kia Rio: $342 Per Month

Cheapest Cars To Lease - Kia Rio

Read more on the Kia Rio at Edmunds.

9. Toyota Corolla: $334 Per Month

Cheapest Cars To Lease - Toyota Corolla

Read more on the Toyota Corolla at Edmunds.

10. Mazda Mazda3: $354 Per Month

Cheapest Cars To Lease - Mazda Mazda3

Read more on the Mazda Mazda3 at Edmunds.

The Rest Of The 100 Cheapest Cars To Lease

Rank Car Make/Model Total
Monthly Cost
Average Monthly
Depreciation
Average Monthly
Auto Insurance
Average Monthly
Gas Costs
11 Honda Civic $354 $233 $38 $83
12 Toyota Yaris $356 $233 $35 $89
13 Dodge  Dart $363 $225 $38 $100
14 Nissan Sentra $363 $229 $39 $95
15 Subaru Forester $364 $213 $34 $117
16 Nissan Frontier $364 $186 $38 $139
17 Subaru Legacy $366 $231 $36 $100
18 Hyundai Veloster $372 $242 $35 $95
19 Jeep Patriot $374 $226 $37 $111
20 Kia Sedona $377 $201 $35 $140
21 Hyundai Elantra $379 $246 $38 $95
22 Ford Fiesta $383 $247 $36 $100
23 VW Jetta $384 $263 $34 $87
24 Kia Forte $386 $246 $40 $100
25 Hyundai Tucson $391 $246 $34 $111
26 Kia Sportage $395 $243 $35 $117
27 Chevrolet Cruze $399 $274 $38 $88
28 Nissan Juke $409 $249 $39 $121
29 Mazda CX-5 $410 $276 $37 $97
30 Toyota Prius $415 $324 $36 $56
31 Honda CR-V $417 $284 $33 $100
32 Mini Cooper Cooper $417 $277 $33 $106
33 GMC Sierra $421 $243 $38 $140
34 Ford Focus $426 $293 $33 $100
35 Nissan Rogue $428 $292 $36 $100
36 Jeep Compass $428 $280 $37 $111
37 Honda Accord $429 $286 $35 $108
38 Toyota Rav4 $430 $283 $36 $111
39 Hyundai Santa Fe $432 $257 $37 $137
40 Mini Cooper Countryman $433 $279 $34 $120
41 Mitsubishi Lancer $433 $289 $41 $103
42 Hyundai Sonata $434 $297 $40 $97
43 Honda CR-Z $435 $316 $36 $83
44 Mitsubishi Outlander Sport $439 $289 $38 $113
45 Kia Cadenza $442 $279 $38 $125
46 RAM 1500 $445 $263 $40 $142
47 Ford Mustang $450 $281 $35 $133
48 Dodge  Grand Caravan $451 $269 $36 $146
49 VW Beetle $454 $317 $34 $103
50 Mazda Mazda6 $460 $321 $37 $102
51 Chevrolet Silverado $465 $280 $39 $146
52 Dodge Journey $465 $289 $39 $138
53 Mazda MX-5 Miata $471 $316 $30 $125
54 Fiat 500 $472 $317 $29 $125
55 Kia Optima $475 $334 $39 $102
56 Honda Pilot $476 $311 $37 $128
57 Mini Cooper Clubman $476 $316 $35 $125
58 Chevrolet Camaro $479 $302 $35 $142
59 Buick Encore $483 $342 $36 $104
60 VW Passat $485 $346 $35 $104
61 Nissan Altima $487 $359 $38 $90
62 Toyota Camry $489 $347 $39 $103
63 Chevrolet Malibu $490 $358 $37 $96
64 Jeep Grand Cherokee $491 $312 $41 $138
65 Kia Sorento $493 $334 $39 $120
66 Subaru BRZ $497 $313 $37 $147
67 Buick Verano $500 $343 $36 $121
68 Ford Fusion $503 $355 $37 $112
69 Dodge Challenger $504 $339 $40 $125
70 Chrysler 200 $507 $364 $34 $108
71 Mitsubishi Outlander $510 $366 $38 $106
72 Ford Escape $511 $358 $36 $117
73 Nissan Quest $519 $359 $35 $125
74 Dodge  Durango $526 $351 $38 $138
75 Chevrolet Equinox $531 $379 $36 $117
76 Kia Optima hybrid $534 $426 $39 $69
77 GMC Terrain $535 $385 $36 $114
78 Ford C-Max Hybrid $539 $429 $37 $73
79 Hyundai Sonata Hybrid $548 $442 $37 $70
80 VW Tiguan $551 $349 $35 $167
81 Honda Odyssey $556 $396 $32 $128
82 Dodge  Charger $567 $398 $44 $125
83 Ford Explorer $586 $406 $38 $142
84 Nissan Titan $587 $378 $42 $167
85 Mazda CX-9 $594 $440 $37 $117
86 Nissan Murano $605 $449 $36 $120
87 Chevrolet Impala $610 $453 $40 $117
88 Nissan Pathfinder $611 $448 $38 $125
89 Ford Edge $619 $434 $38 $147
90 GMC Acadia $619 $457 $37 $125
91 Ford Taurus $627 $459 $36 $132
92 Chrysler 300 $652 $489 $38 $125
93 Chrysler Town and Country $654 $472 $35 $146
94 Audi A4 $654 $494 $36 $125
95 Chevrolet Traverse $658 $459 $36 $163
96 Hyundai Azera $679 $516 $37 $125
97 Buick Regal $700 $516 $38 $146
98 Buick LaCrosse $704 $549 $38 $117
99 Nissan Maxima $715 $532 $40 $144
100 Nissan Leaf $738 $655 $38 $46

Yes, You Can Share Our Research!

Growella conducted its “The Cheapest 100 Cars To Lease” research to help car shoppers make better decisions for their budgets. If you’ve found our research to be helpful, you are welcome to share this article online with proper attribution.

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