Best New Car Lease Deals: June 2024 (2024)

  • Alex Bernstein
  • Senior Pricing Analyst
  • Jun 05, 2024

TABLE OF CONTENTS

  • Best Car Lease Deals
  • Best SUV Lease Deals
  • Best Luxury Car Lease Deals
  • Best Luxury SUV Lease Deals
  • Best Truck Lease Deals

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We analyzed 444 of the latest lease specials to find the best car lease deals in June. The best new car lease deals feature incentives you may not be able to get when buying and can offer big loyalty discounts and special savings when switching from another car brand.

The best cars to lease can offer payments as low as $109 per month. We also found leases with no money down and ways to spend less money on a nicer vehicle by taking advantage of aggressive lease incentives. Electric vehicles continue to offer incredibly good lease deals.

Since these are manufacturer lease examples and actual prices are determined by dealers based on supply and demand, be sure to shop around to get the best lease prices. The selection may be limited and offers can sometimes vary depending on where you live.

Stay tuned for our July Fourth deals coverage later this month.

Best Car Lease Deals

2024 Kia Forte Sedan Lease Deal

Best New Car Lease Deals: June 2024 (2) Monthly Payment $189

  • Term: 36 Months
  • Due at Signing: $3,499
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $21,415

Get Your Quick Quote

The 2024 Kia Forte LXS remains a bargain with an effective cost of just $286 before taxes & fees. This continues to be the best Forte deal to date, making it cheaper to lease than the Hyundai Elantra. The offer is due to end on July 8th, though there could be changes for July Fourth.

Kia's advertised price is available in the following states: CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY, and assumes 10,000 miles per year. Be sure to see your local dealer about customizing your lease if you expect to need a larger mileage allowance.

2024 Hyundai Elantra Sedan Lease Deal

Best New Car Lease Deals: June 2024 (3) Monthly Payment $199

  • Term: 36 Months
  • Due at Signing: $3,499
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $22,775

Get Your Quick Quote

The 2024 Hyundai Elantra SE remains one of the only cars you can lease for $199 a month. Prices have stabilized after going down at least three times in recent months. If you're shopping based on price, this remains one of the cheapest cars you can lease.

For reference, the effective cost of a 2024 Honda Civic LX is $349, a price difference of $53 per month compared with the Elantra's $296. Hyundai's price includes 10,000 miles per year and ends on July 1st. We're seeing this pricing in many parts of the country.

2024 Nissan Altima Lease Deal

Best New Car Lease Deals: June 2024 (4) Monthly Payment $189

  • Term: 36 Months
  • Due at Signing: $4,179
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $28,920

Get Your Quick Quote

The 2024 Nissan Altima can be a great car to lease in some parts of the country. In New York, the Altima SV can be leased for just $189 per month. The catch is that the amount due at signing is relatively high at $4,179. Still, the Altima's effective cost comes out to $305 per month before taxes & fees.

At that price, it's $77 per month cheaper to lease than a 2024 Honda Accord LX. Nissan's pricing is based on $1,900 in discounts that you won't find on the Accord. If you're looking for a spacious sedan with a full array of safety features, the Altima could be worth a look. Offers vary by region.

2024 Nissan LEAF Lease Deal

Electric

Best New Car Lease Deals: June 2024 (5) Monthly Payment $109

  • Term: 36 Months
  • Due at Signing: $2,389
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $29,810

Get Your Quick Quote

The 2024 Nissan LEAF is the cheapest EV you can lease. In Colorado, the LEAF S is listed at just $109 with $2,389 at signing. The catch is that the deal factors in a state tax credit that not everyone may qualify for. Prices in other parts of the country don't have the same advantage and are more expensive.

Despite being a cheap EV to lease, the Nissan LEAF S has a 40 kWh battery capable of just 149 miles. Additionally, the LEAF uses a CHAdeMO charging connector that's being phased out. These downsides could be deal-breakers for shoppers attracted by the LEAF's unbelievably low price to lease.

2024 Hyundai IONIQ 6 Sedan Lease Deal

Electric

The 2024 Hyundai IONIQ 6 is a steal at an effective cost of $372 per month. As before, the best deals are when choosing a 24-month lease term due to its higher residual value. While this month's IONIQ 6 lease price is up slightly, we still consider it to be an outstanding deal.

At $372, the IONIQ 6 has the same lease cost as a 2024 Toyota Corolla SE in Southern California. We think that's a pretty big deal since the Hyundai's MSRP is over $16,000 more expensive on paper. This month's IONIQ 6 lease is available in most regions through July 1st.

Best Car Lease Deals Near You

Deals found in El Segundo, CA 90245

2024 Kia Forte LXS Monthly Payment $189 Term: 36 Months Due at Signing: $3,499 MSRP: $21,415 Effective Cost: $2862024 Volkswagen Jetta 1.5T SE Monthly Payment $199 Term: 36 Months Due at Signing: $3,799 MSRP: $22,235 Effective Cost: $3052024 Hyundai Elantra SE Monthly Payment $199 Term: 36 Months Due at Signing: $3,499 MSRP: $22,775 Effective Cost: $296
All Car Deals › Explore all car lease deals in June 2024

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Best SUV Lease Deals

2024 Hyundai Kona Electric SUV Lease Deal

Electric

Best New Car Lease Deals: June 2024 (8) Monthly Payment $209

  • Term: 24 Months
  • Due at Signing: $1,999
  • Mileage Allowance: 12,000 mi/yr
  • MSRP: $38,050

Get Your Quick Quote

The 2024 Hyundai Kona EV remains a top deal thanks to a $7,500 lease incentive and a whopping 75% residual value stemming from a 24-month contract. In most parts of the country, the Kona Electric SEL has an effective cost of $292 per month. That's less than the regular gas Kona's price of $350.

Having said that, this month's deal is roughly $50 per month more expensive than before. At the moment, it's unclear whether or not Hyundai will lower prices for July Fourth. The 2024 Kona EV can travel up to 261 miles on a single charge and go from a 10% charge to 80% in as little as 43 minutes.

2024 Hyundai IONIQ 5 SUV Lease Deal

Electric

Best New Car Lease Deals: June 2024 (9) Monthly Payment $229

  • Term: 24 Months
  • Due at Signing: $3,499
  • Mileage Allowance: 12,000 mi/yr
  • MSRP: $48,775

Get Your Quick Quote

The 2024 Hyundai IONIQ 5 SEL remains a top deal thanks to a $10,000 lease incentive. As before, Hyundai's 24-month lease option enables shoppers to take advantage of extremely high residual values. Despite having an MSRP of nearly $49,000, the IONIQ 5 has an effective cost of $375 a month.

That's $5 less than a Hyundai Tucson ($380) even though the IONIQ is $18,000 more expensive on paper. In this configuration, the Hyundai IONIQ 5 has a range of 303 miles with the ability to go from 10% range to as much as 80% in just 18 minutes when utilizing 800V DC quick charging.

2024 GMC Terrain SUV Lease Deal

Best New Car Lease Deals: June 2024 (10) Monthly Payment $330

  • Term: 39 Months
  • Due at Signing: $0
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $30,095

Get Your Quick Quote

The 2024 GMC Terrain is one of the best bang-for-buck deals on an SUV. Through July 1st, the Terrain SLE-1 can be leased for $330 with $0 due at signing. Zero-down leases are unusual these days, making this a way to avoid having to put down a lot of money on a lease.

This month's Terrain lease includes a $1,750 incentive that you can only get when coming from another GMC or Buick lease. If you aren't eligible for the offer, expect your price to be a lot higher. Lease prices may go down for July Fourth, but we don't know until July 2nd.

2024 Chevrolet Equinox SUV Lease Deal

Best New Car Lease Deals: June 2024 (11) Monthly Payment $299

  • Term: 36 Months
  • Due at Signing: $1,619
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $30,890

Get Your Quick Quote

The 2024 Chevy Equinox remains one of the best SUVs you can lease for under $300. Through July 1st, the Equinox LT can have an effective cost as low as $344 per month. That makes the Chevy Equinox significantly better to lease than a 2024 Honda CR-V LX ($416).

At this price, the Equinox is even cheaper to lease than the smaller 2024 Chevy Trax ($360). This month's deal includes a discount for those coming from an existing GM lease or that of a competing vehicle brand. Chevy has not yet announced its 2024 July Fourth sale.

2024 Kia Niro EV SUV Lease Deal

Electric

Best New Car Lease Deals: June 2024 (12) Monthly Payment $169

  • Term: 24 Months
  • Due at Signing: $3,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $40,925

Get Your Quick Quote

The 2024 Kia Niro Wind EV remains $50 cheaper to lease than before, with a payment of just $169 per month in some states. At an effective cost of $336 per month, it's cheaper to lease than the hybrid Niro ($376) despite having a significantly higher MSRP.

This is a regional deal we're seeing in the following states: CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY. Elsewhere, Kia's advertised lease is $199 per month but for a longer term of 36 months with the same amount at signing.

The offers end on July 8th and mark the best deals we've ever seen on the all-electric Niro. Looking for an even better value? Ask your dealer about a Kia Single Pay Lease to score an even lower money factor by prepaying your Niro EV lease upfront.

2024 Subaru Solterra SUV Lease Deal

Electric

Best New Car Lease Deals: June 2024 (13) Monthly Payment $329

  • Term: 36 Months
  • Due at Signing: $329
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $46,340

Get Your Quick Quote

The 2024 Subaru Solterra Premium remains a stellar deal at $329 with no money down. The amount due at signing of $329 simply represents your first month's payment. At this price, the Solterra is almost Subaru's cheapest vehicle to lease, just $18 more than an Impreza ($338 vs. $320).

The offer is due to expire on July 1st and can be found in most parts of the country. While the Solterra doesn't have the fastest charging speeds, it does come standard with all-wheel drive and has a range of up to 228 miles depending on the trim.

Best SUV Lease Deals Near You

Deals found in El Segundo, CA 90245

2023 Nissan ARIYA ENGAGE 63 kWh FWD Monthly Payment $149 Term: 18 Months Due at Signing: $3,959 MSRP: $45,105 Effective Cost: $3692024 Kia Niro Wind EV Monthly Payment $169 Term: 24 Months Due at Signing: $3,999 MSRP: $40,925 Effective Cost: $3362024 Toyota bZ4X XLE EV Monthly Payment $189 Term: 36 Months Due at Signing: $2,999 MSRP: $45,964 Effective Cost: $272
All SUV Deals › Explore all suv lease deals in June 2024

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Best Luxury Car Lease Deals

2024 Cadillac CT4 Luxury Car Lease Deal

Best New Car Lease Deals: June 2024 (15) Monthly Payment $379

  • Term: 36 Months
  • Due at Signing: $4,009
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $40,889

Get Your Quick Quote

The 2024 Cadillac CT4 is one of the cheapest luxury cars you can lease. This month's featured deal is for the Premium Luxury trim and has an effective cost of $490 a month. We think you'll have a hard time finding another luxury car in this segment with a lease under $500. The offer is due to end on July 1st.

Looking for a hidden deal? CT4-V Blackwing models are now eligible for $3,000 in bonus cash that you can't get on other styles. Additionally, buying your Blackwing CT4 can get you access to 0.9% APR for 36 months on a purchase. That's a lot lower than GM's interest rate on all other CT4 configurations.

2024 BMW i4 Luxury Car Lease Deal

Electric

Best New Car Lease Deals: June 2024 (16) Monthly Payment $449

  • Term: 36 Months
  • Due at Signing: $4,869
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $54,545

Get Your Quick Quote

The 2024 BMW i4 is $50 per month cheaper to lease in June. With an effective cost of $584 in most parts of the country, the i4 eDrive35 remains the brand's cheapest vehicle to lease. We've never seen an i4 deal this affordable before. The offer is set to expire on July 1st.

Coming from another EV or plug-in? BMW's BEV Conquest Program offers an extra $1,000 in savings that's not factored into the price above. The offer doesn't require you to trade-in your existing vehicle. It can also be transferred to members of the same household.

Best Luxury Car Lease Deals Near You

Deals found in El Segundo, CA 90245

2024 Acura Integra Base Monthly Payment $319 Term: 36 Months Due at Signing: $4,499 MSRP: $32,995 Effective Cost: $4442024 Acura Integra A-Spec Monthly Payment $349 Term: 36 Months Due at Signing: $4,999 MSRP: $34,995 Effective Cost: $4882024 Cadillac CT4 Premium Luxury Current GM Lessees Monthly Payment $379 Term: 36 Months Due at Signing: $4,009 MSRP: $40,889 Effective Cost: $490
All Luxury Car Deals › Explore all luxury car lease deals in June 2024

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Best Luxury SUV Lease Deals

2024 Buick Encore GX Luxury SUV Lease Deal

Best New Car Lease Deals: June 2024 (18) Monthly Payment $283

  • Term: 39 Months
  • Due at Signing: $0
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $26,895

Get Your Quick Quote

Buick extended its Sign & Drive lease on the 2024 Encore GX through July 1st. At $283 per month, the Encore GX Preferred is cheaper to lease than SUVs from mainstream brands. To help put this into perspective, the Encore GX is over $80 per month cheaper to lease than a Honda HR-V ($371).

Like most Buick leases, the advertised price includes a $2,250 loyalty discount only available to current Buick and GMC lessees. Shoppers who don't qualify for the incentive will likely have to make up for it with a higher payment or amount due at signing. Offers could change ahead of July Fourth.

2024 Genesis GV70 EV Luxury SUV Lease Deal

Best New Car Lease Deals: June 2024 (19) Monthly Payment $399

  • Term: 36 Months
  • Due at Signing: $3,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $67,800

Get Your Quick Quote

Genesis incentives for the GV70 EV surged to $18,500 off MSRP. With an effective cost of $510 per month in Los Angeles, the 2024 GV70 Advanced is just $4 more expensive to lease than the smaller GV60 ($506). That's pretty impressive considering the two vehicles have a difference in MSRP of over $14,000.

That's because the GV70 offers far more lease cash than the $11,250 incentive on the GV60. If you're looking to get a lot more for your money, the GV70 is a superior value. Despite having a nearly $68,000 sticker price, the GV70 is about $190 a month cheaper than an Acura MDX ($698). Offers vary by region.

Best Luxury SUV Lease Deals Near You

Deals found in El Segundo, CA 90245

2024 Buick Envista Preferred Current Buick/GMC Lessees Monthly Payment $179 Term: 24 Months Due at Signing: $4,229 MSRP: $23,495 Effective Cost: $3552023 Buick Envision Essence AWD Current Buick/GMC Lessees Monthly Payment $279 Term: 24 Months Due at Signing: $4,679 MSRP: $40,695 Effective Cost: $4742024 Buick Encore GX Preferred Current Buick/GMC Lessees Monthly Payment $283 Term: 39 Months Due at Signing: $0 MSRP: $26,895 Effective Cost: $283
All Luxury SUV Deals › Explore all luxury suv lease deals in June 2024

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Best Truck Lease Deals

2024 Toyota Tacoma Truck Lease Deal

Best New Car Lease Deals: June 2024 (21) Monthly Payment $349

  • Term: 36 Months
  • Due at Signing: $2,999
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $40,139

Get Your Quick Quote

Even though the 2024 Toyota Tacoma was completely redesigned, the truck's first lease deal is surprisingly good. In Southern California, the 2024 Tacoma SR5 4x2 Double Cab has an effective cost of just $432 per month. We think its high residual value is making it an exceptional truck to lease.

At $432 a month, the Tacoma is almost $50 cheaper to lease than a 2024 Chevy Colorado. It's also worth noting that, unlike GM, the price doesn't include a loyalty discount. Still, dealers set prices and we think it may be difficult to lease a Tacoma for $349 a month. Expect your results to likely vary. To get the best deal, compare prices with multiple dealers and be aware that prices are based on supply & demand and there's no lease cash to help bring down Tacoma prices. Current Toyota incentives are due to end on July 1st. We don't expect Tacoma prices to drop before the July Fourth holiday.

2024 RAM 1500 Truck Lease Deal

Best New Car Lease Deals: June 2024 (22) Monthly Payment $369

  • Term: 42 Months
  • Due at Signing: $3,769
  • Mileage Allowance: 10,000 mi/yr
  • MSRP: $55,880

Get Your Quick Quote

The 2024 RAM 1500 is over $30 per month cheaper than before, making this a solid pre-July 4th deal. Through July 1st, the RAM 1500 Big Horn 4x2 has an effective cost of just $459. That's $126 cheaper than Ford's lease on the 2024 F-150 ($585) even though the RAM's MSRP is $9,600 higher on paper.

The catch is that RAM's June lease deal includes a $3,000 loyalty discount. While that could be a deal for current FCA lessees, everyone else will probably have to pay that much more on a lease. RAM 1500 loyalty leases aren't unusual, so be sure to check with your dealer for current rules and restrictions.

Best Truck Lease Deals Near You

Deals found in El Segundo, CA 90245

2024 GMC Canyon Elevation 4x2 Crew Cab Monthly Payment $279 Term: 24 Months Due at Signing: $8,339 MSRP: $37,595 Effective Cost: $6262024 Nissan Frontier SV Crew Cab 4x4 Monthly Payment $329 Term: 36 Months Due at Signing: $3,909 MSRP: $40,560 Effective Cost: $4382024 Hyundai Santa Cruz SEL Pickup Monthly Payment $329 Term: 36 Months Due at Signing: $3,999 MSRP: $32,235 Effective Cost: $440
All Truck Deals › Explore all truck lease deals in June 2024

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Best New Car Lease Deals: June 2024 (24)
    Alex Bernstein Senior Pricing Analyst

Alex has been writing about car buying and leasing for over a decade. Originally from San Francisco, Alex has a degree in History from the University of California, Santa Barbara, and has been a lifelong lover of cars. Alex’s work has been featured in publications such as Forbes, The Wall Street Journal, Motor Trend, and more.

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Best New Car Lease Deals: June 2024 (2024)

FAQs

Will car leases go down in 2024? ›

In 2024, lease returns are expected to rise then fall. Experian predicts, “retail leasing returns will rise to 1.1 million in the second quarter of 2024, but then fall to only 640,000 by the end of that year.” So, if you're hoping to buy a pre-owned car in 2024, look around April to early summer for the best selection.

What month has the best car lease deals? ›

Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. 2) Holidays: Lease shoppers can find special dealership incentives during long holiday weekends, including President's Day, Memorial Day, July 4, Labor Day, and Thanksgiving.

What month is the best time to lease? ›

Most new car models are released between July and October, so this is the time of year where you are most likely to find a great deal. But there are other times throughout the year where you may find great deals. Holiday weekends are a great time to find deals on new car leases.

Which car lease term is best? ›

What is the best length for a car lease? One-year lease deals are widely available, but two- and three-year contracts are most popular. Two-year leases offer greater flexibility to swap cars more frequently, but three-year leases generally offer lower monthly repayments.

Will 2024 be a good year to buy a new car? ›

“Traditionally the tax return season is an important time of year in the vehicle market.” Looking forward through 2024, Smoke predicted, “For consumers looking to buy a vehicle, it's the best year by far since 2019.”

Will car prices drop in 2024? ›

At the end of 2023, most experts predicted that car prices would continue to fall slightly in 20242. They also expected new car production to increase in 2024, leading to lower prices for new and used vehicles.

Is it better to lease a car for 24 or 36 months? ›

24-month leases may offer additional flexibility, but most shoppers will find they cost a lot more money when it comes to monthly payments. If your priority is monthly affordability and getting more for your money, you'll probably find a 36-month contract to be a smarter choice.

What is the best state to lease a car? ›

The top 10 states for vehicle leasing are:
  • Delaware: 71.0% of new-vehicle financing is leasing.
  • New York: 66.4%
  • New Jersey: 64.9%
  • Michigan: 59.2%
  • Connecticut: 52.5%
  • Ohio: 42.6%
  • Florida: 36.9%
  • Maine: 36.2%

How to determine if a lease is a good deal? ›

You can find the best lease deals by calculating the “real” monthly cost per $10,000-worth of vehicle. If we've lost you already, basically what you do is factor in costs like the acquisition fee and down payment to total up all the “hidden costs” of a lease, then divide that by the MSRP, and multiply that by $10,000.

What month are leases cheapest? ›

Generally, the best time to rent an apartment for a lower price is from November through March, when demand is lower. However, apartment hunting from May to September could be beneficial if you want a wider range of options since there tend to be more units available during these months.

What is the most expensive month to start a lease? ›

What month is rent most expensive? Rent is typically the most expensive from May to October, with September usually being the peak month for rental prices.

What is the cheapest month to renew lease? ›

The lowest rental rates are found during the winter months—October through April—with demand and prices reaching their nadir between January and March.

What is the smartest way to lease a car? ›

Negotiate the terms of your lease

To be the best negotiator, check current pricing on sites like Kelley Blue Book and remember to negotiate more than just price. A good lease deal is one that will leave you paying as little over the lifetime of the loan as possible — initial down payment included.

What is the ideal lease length? ›

6-Month Leases

They're a good middle ground between affording landlords enough time and a little security to determine if the tenants will be a good property fit, while also having the option of non-renew at 6 months without dealing with a potential eviction situation if the tenants aren't working out.

What is smarter buy or lease a car? ›

Benefits of leasing usually include a lower up-front cost, lower monthly payments compared to buying, and no resale hassle. Benefits of buying usually are car ownership, complete control over mileage, and a firm idea of costs. Experts generally say that buying a car is a better financial decision for the long term.

Are auto rates going down in 2024? ›

Auto loan rates for new and used vehicle purchases fell in the first quarter of 2024 to 6.73% and 11.91%, respectively, down slightly from the 15-year highs we saw at the end of 2023, according to Experian.

What is the future of car leasing? ›

Key innovations like electric vehicles, autonomous driving, and blockchain are expected to influence leasing trends. On top of these trends, the car leasing market's future will be influenced by the rise of subscription models, increasing focus on sustainability, and the preferences of Millennial and Gen Z consumers.

What is the average car payment in 2024? ›

The average monthly car loan payment in the U.S. is $735 for new vehicles and $523 for used ones originated in the first quarter of 2024, according to credit reporting agency Experian. It's worth noting that some recent reports from other industry analysts place the average car payment even higher.

Are car leases still worth it? ›

If your goal is to have low monthly payments and drive a new vehicle every few years with little hassle, then leasing may be worth the additional cost. Be sure, however, that you can live with all the limitations on mileage, wear and tear, and the like.

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