Best Car Lease Deals: November 2009
Last Updated: Nov. 18, 2009
Now is a good time to consider leasing. With sales in the expected post-Cash-for-Clunkers-slump, dealers are looking to move cars any way they can, either through a traditional purchase or through leasing.
Why does leasing make sense now? Carmakers are engineering innovative, more fuel-efficient cars and bringing international best-sellers to the U.S., meaning that your car-buying options may look very different in two or three years. If you're wondering why you would buy a car only to own a dinosaur in three years, leasing could be the right option for you. Even better, monthly lease payments are typically less than what you'd pay each month if you financed a new car, making a leased car slightly easier to fit into a monthly budget.
We've compiled some of the best lease deals that automakers have this month. If you don't see one that works for you, contact a dealer to see what kind of new car lease they can offer you.
Chevrolet. After a hiatus from what we would consider "deals" on leased vehicles, Chevy has some noteworthy ones right now. The Malibu is currently available for $229 per month and the seven-passenger Traverse is available for $309 per month. [more Chevy deals]
Toyota. Toyota runs all specials by region. Contact local Toyota dealers to see what incentives are available in your area. Most notable Toyota lease offer this month is a whopper... only $239 per month on Sienna, available in the Mid-Atlantic region. That's $60/mo less than the Honda Odyssey lease offer.
Honda. The $199 per month deals are still available this month for most Civic models (non-hybrid) and for the Insight hybrid. A bare-bones Civic VP model can be yours for only $159 per month.
BMW. BMW is offering 3-Series and 1-Series leases for under $400 per month.
The Rest. Nissan, Infiniti, Acura and Lexus offer some lease specials this month, while VW, Hyundai and Ford are focusing on rebates and financing deals.
If you're looking to lease a car, you're in the right place. We stay on top of the latest and greatest lease deals car makers are offering. If you're looking to purchase a car, check out more of this month's best car deals for cash back and financing offers.
- MSRP: $15,350 - $20,050
- Invoice: $14,352 - $18,345
- MPG: 26 City / 35 Hwy
2010 Toyota Corolla
Lease Deal
Deal: $149 per month for 36 months with $1,999 due at signing. Not available in all areas (check with local dealers for Corolla deals near you).
Expires: 11/16/09
- MSRP: $15,455 - $24,455
- Invoice: $14,250 - $22,505
- MPG: 25 City / 36 Hwy
2010 Honda Civic
Lease Deal
Deal: $199.00 per month for 30 months, with $1,999 due at signing for most Civic models
Notes: Excludes Civic VP and GX models
Expires: 01/04/10
Lease Deal
Deal: $159.00 per month for 30 months, with $1,899 due at signing for Honda Civic VP
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: 01/04/10
- MSRP: $40,990 - $48,890
- Invoice: $37,252 - $44,415
- MPG: 15 City / 20 Hwy
2009 Acura MDX
Lease Deal
Deal: $469 per month for 36 months with $3,299 due at signing. Available in many, but not all, areas (check with local dealers for Rogue deals near you).
Expires: 01/04/10
- MSRP: $29,224 - $39,985
- Invoice: $27,763 - $37,986
- MPG: 17 City / 24 Hwy
2010 Chevrolet Traverse
Lease Deal
Deal: $309 per month for 39 months with $3,840 due at signing on the Traverse FWD LS. Compared to the $429/mo lease on the Buick Enclave, which is more upscale but shares the same platform, the Traverse lease is a great deal for anyone who wants a 3rd row.
Expires: 11/30/09
- MSRP: $20,340 - $23,130
- Invoice: $19,392 - $21,563
- MPG: 22 City / 27 Hwy
2010 Nissan Rogue
Lease Deal
Deal: $199 per month for 39 months with $3,594 due at signing on the 2010 Rogue S AWD. Available in many, but not all, areas (contact local dealers for Rogue deals near you).
Expires: 11/30/09
- 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 $2,199 due at signing.
Notes: Same monthly payment, $600 less due at signing than last month's Insight lease offer
Expires: 01/04/10
- MSRP: $21,500 - $27,810
- Invoice: $20,103 - $25,585
- MPG: 22 City / 28 Hwy
2010 Toyota RAV4
Lease Deal
Deal: $199 per month for 36 months with $2,199 due at signing. Not available in all areas (check with local dealers for RAV4 deals near you).
Notes: Dealers in several regions offer the $199 per month rate on RAV4 this month, but the amount due at signing may vary.
Expires: 11/30/09
- MSRP: $33,250 - $38,700
- Invoice: $30,727 - $35,747
- MPG: 18 City / 26 Hwy
2009 Infiniti G37
Lease Deal
Deal: $349 per month for 36 months with $4,999 due at signing on the G37 Sedan
Expires: 01/04/10
- MSRP: $19,395 - $29,045
- Invoice: $17,938 - $26,138
- MPG: 21 City / 31 Hwy
2010 Toyota Camry
Lease Deal
Deal: $179 per month for 36 months with $1,999 due at signing. Not available in all areas (check with local dealers for Camry deals near you).
Expires: 11/16/09
- MSRP: $24,540 - $37,865
- Invoice: $22,329 - $34,077
- MPG: 17 City / 23 Hwy
2010 Toyota Sienna
Lease Deal
Deal: $239 per month for 36 months with $2,999 due at signing. Not available in all areas (check with local dealers for Sienna deals near you).
Notes: This is a substantial discount to the $299 per month lease Honda currently offers on the Odyssey (with same amount due at signing).
Expires: 11/16/09
- MSRP: $36,800 - $38,200
- Invoice: $32,752 - $33,998
- MPG: 18 (Est) City / 25 (Est) Hwy
2010 Lexus RX 350
Lease Deal
Deal: $469 per month for 36 months with $3,644 due at signing. Available in many, but not all, areas (contact local dealers for RX deals near you).
Expires: 11/30/09
- MSRP: $33,600 - $50,700
- Invoice: $30,910 - $46,645
- MPG: 18 City / 28 Hwy
2009 BMW 3-Series
Lease Deal
Deal: $349 per month for 36 months, with $4,924 due at signing on 328i Sedan
Notes: Includes Premium Package and automatic transmission. Deals are available on several 3-Series models -- contact dealers for more info.
Expires: 01/04/10
- MSRP: $26,805 - $40,755
- Invoice: $24,297 - $36,903
- MPG: 16 City / 23 Hwy
2010 Honda Odyssey
Lease Deal
Deal: $299 per month for 36 months, with $2,999 due at signing.
Expires: 01/04/10
- MSRP: $29,000 - $40,150
- Invoice: $26,680 - $36,940
- MPG: 18 (2009) City / 28 (2009) Hwy
2010 BMW 1-Series
Lease Deal
Deal: $329 per month for 36 months, with $4,204 due at signing on the BMW 128i Coupe -- or -- $369 per month with $4,494 at signing on the BMW 128i Convertible
Expires: 01/04/10