Best Car Lease Deals: February 2010

Last Updated: Feb. 02, 2010

If you're looking for a new car but can't seem to commit for the long haul, then leasing makes perfect sense for you. To help you shop, we've compiled some of the best lease deals for February. If you don't see one that works for you, contact a dealer to see what leases they can offer you. At this time of year, they should be flexible to win your business.

Now is a smart time to consider buying or leasing a car. Winter is a slow period for car sales, and dealers are looking to move cars any way they can. In addition to reviewing the best lease deals that carmakers are offering, you may want to check out this month's best car deals for cash back and financing offers. Here are the top lease offers:

Toyota. Toyota runs all specials by region, and it gets quirky. We recommend that you contact local Toyota dealers to see what incentives are available in your area. Editor's note: Toyota has suspended selling several models, including the popular Camry and Corolla, until it has solved the gas pedal safety concern with these vehicles. We will update our lease deals information once these vehicles are again safe to purchase and drive.

Honda. If your budget caps at $200 per month, Honda has several good options right now. These include a $179 per month lease on the popular Civic LX model and $199 for either the Insight hybrid or the Accord sedan. As with last month, a bare-bones Civic DX-VP model is yours for only $159 per month (details below).

BMW. BMW is offering 2010 3-Series and 1-Series leases for under $400.

GM: General Motors is offering a number of low-mileage leases on its up-market Buick and Cadillac brands. While mileage is limited to about 1,000 miles per month on these leases, the payments are pretty limited as well. The well-reviewed Cadillac SRX is available for $479 a month for 39 months. Also, if you're a current Toyota lessee, GM is offering up to $1,000 to help you end that lease early and take a new GM lease.

The Rest. Check out some of the best lease offers for February below.

MSRP: $15,455 - $24,455
Invoice: $14,250 - $22,505
MPG: 25 City / 36 Hwy

2010 Honda Civic

Lease Deal

LX models: $179.00 per month for 36 months, with $1,799 due at signing for the Civic LX

Expires: 03/01/10

Lease Deal

DX-VP models: $159.00 per month for 36 months, with $1,399 due at signing for Honda Civic DX-VP, automatic transmission

Notes: "VP" is the no-frills package of the Civic. An option to consider if you just want a car to get you from point A to point B.

Expires: 03/01/10

MSRP: $19,800 - $23,100
Invoice: $18,688 - $21,790
MPG: 40 City / 43 Hwy

2010 Honda Insight

Lease Deal

Deal: $199 per month for 36 months, with $1,799 due at signing on the Insight LX model

Notes: Same monthly payment, $400 less due at signing than the previous Insight lease offer. Honda is getting aggressive to sell Insights.

Expires: 03/01/10

MSRP: $32,850 - $50,700
Invoice: $30,220 - $46,645
MPG: 18 City / 28 Hwy

2010 BMW 3-Series

Lease Deal

Deal: $379 per month for 36 months, with $5,004 due at signing

Notes: BMW is now advertising lease deals on the 2010 models (special offers were on the '09s last month)

Expires: 03/01/10

MSRP: $26,275 - $29,550
Invoice: $23,777 - $26,595
MPG: 19 (2009) City / 26 (2009) Hwy

2010 Toyota Venza

Lease Deal

Deal: Depending on the region you're in, lease payments on a new Venza range from $259 to $349 per month, with anywhere from $1,939 to $3,704 due at signing.

Expires: 03/01/10