Most/Best Economical Car Lease

TXCyclones

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Looking for a lease for my GF's daughter. I see that Hyundai Elantra and Kona are currently $179/mo with $2800-ish down. From time to time I see Volkswagon has their Jetta at $0-down with $159/mo. Is anybody seeing any incredible deals on leases right now? If so, what kind of car?
 

Gonzo

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Mar 10, 2009
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Looking for a lease for my GF's daughter. I see that Hyundai Elantra and Kona are currently $179/mo with $2800-ish down. From time to time I see Volkswagon has their Jetta at $0-down with $159/mo. Is anybody seeing any incredible deals on leases right now? If so, what kind of car?

We were literally in the same boat a little over a week ago. Looking for a car for our daughter who'll be entering her third year at ISU. We went in to look at the Elantra lease deal. What I'll say is, good luck. You see those ad specials listed, but then you get there and they maybe have 1 of those models (SE) on the lot, or they don't have any. We also looked at the Kona but daughter wasn't into it. We also looked at Smart Honda where they advertised a lease special on a Civic for $239 a month with $0 down, but again, they didn't have any of those models available. I think the pickings are going to be very slim anywhere you look. We ended up purchasing a pre-owned 2018 Elantra instead. Good luck.
 

usedcarguy

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Apr 12, 2008
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Looking for a lease for my GF's daughter. I see that Hyundai Elantra and Kona are currently $179/mo with $2800-ish down. From time to time I see Volkswagon has their Jetta at $0-down with $159/mo. Is anybody seeing any incredible deals on leases right now? If so, what kind of car?

Doubt you'll see anything with inventory shortages running as they are. You might check and see if any dealers have anything in the pipeline that will show up in a reasonable time.

Generally speaking, although they advertise those payments with a big down payment, it's not in your best interest to do so. The whole reason to lease in the first place is to not have your capital tied up in the asset. It's better to keep your money and make a higher monthly payment. That $179 lease with only first payment due is probably only $255-265.
 

Cyched

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May 8, 2009
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We were literally in the same boat a little over a week ago. Looking for a car for our daughter who'll be entering her third year at ISU. We went in to look at the Elantra lease deal. What I'll say is, good luck. You see those ad specials listed, but then you get there and they maybe have 1 of those models (SE) on the lot, or they don't have any. We also looked at the Kona but daughter wasn't into it. We also looked at Smart Honda where they advertised a lease special on a Civic for $239 a month with $0 down, but again, they didn't have any of those models available. I think the pickings are going to be very slim anywhere you look. We ended up purchasing a pre-owned 2018 Elantra instead. Good luck.

Speaking of cars, seems like it's time for you to get an ISU Dad bumper sticker
 

NWICY

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Sep 2, 2012
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Looking for a lease for my GF's daughter. I see that Hyundai Elantra and Kona are currently $179/mo with $2800-ish down. From time to time I see Volkswagon has their Jetta at $0-down with $159/mo. Is anybody seeing any incredible deals on leases right now? If so, what kind of car?

Meh, buy her something with 100,000 on it let her put another 100,000 on it, then she'll be old enough to get the next one herself.
 

HFCS

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Aug 13, 2010
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LA LA Land
Looking for a lease for my GF's daughter. I see that Hyundai Elantra and Kona are currently $179/mo with $2800-ish down. From time to time I see Volkswagon has their Jetta at $0-down with $159/mo. Is anybody seeing any incredible deals on leases right now? If so, what kind of car?

I looked into VW's "$199/mo" Tiguan lease not long ago and found it to be smoke and mirrors. It was only a 5000 mile a year lease.

I found Jeep's lease deals to be drastically higher than advertised as well when I actually started dealing.

I don't think I got a particularly good deal because it's a horrible time to car shop. I had two cars tank out on me and I replaced them with one car that I wanted but I don't feel like I got a steal. Toyota actually seemed to be affected the worst in my area by the shortage in terms of selling everything over MSRP.
 

usedcarguy

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Apr 12, 2008
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I looked into VW's "$199/mo" Tiguan lease not long ago and found it to be smoke and mirrors. It was only a 5000 mile a year lease.

I found Jeep's lease deals to be drastically higher than advertised as well when I actually started dealing.

I don't think I got a particularly good deal because it's a horrible time to car shop. I had two cars tank out on me and I replaced them with one car that I wanted but I don't feel like I got a steal. Toyota actually seemed to be affected the worst in my area by the shortage in terms of selling everything over MSRP.

Selling inventory over MSRP is a dealer choice. In the store I worked in, we refused to do it. The net result was that popular models often had a several month long waiting list. But for those who choose to do so, it certainly balances out supply and demand and results in product availability.

If dealers have product right now, it's because:

1. Their models are crappy and in low demand
2. They have chosen to sell their inventory in excess of MSRP
3. Their manufacturer has been able to obtain sufficient microchips to continue production

But even if #1 and #3 are the case, the lack of inventory elsewhere means they probably already sold what they have.

I know of several GM dealerships who have zero inventory and have been that way for a few months now.
 
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simply1

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Jeep Wrangler 4xe has had some good lease deals for what you get.
 

CYTUTT

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Nov 25, 2012
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I suggest you look on YouTube to find out how to lease a car. Essentially, you should find a monthly rate as close to 1% of MSRP and pay no money down.

I'm on my fourth lease and paid money down on the first three. Shop around and get dealers to compete.

If you simply want the cheapest lease, then I think you know how to find it. Good luck and I wish my grandparents were as considerate!
 

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