Best Lease Deals for 2022

Leasing a car is often more attractive to buyers than purchasing because the payments are lower, and they can trade it in two or three years later for a new model. While leasing is more expensive now than a year ago because of the limited supply of vehicles, it’s still cheaper than buying. You can also find some great lease deals to help you save even more.

Why leasing is cheaper

When you lease a vehicle, you only pay for a part of the value of that model. With buying, you’re paying for the entire value of the vehicle. You pay a portion of the depreciation because some will be left when the lease ends.

You don’t own the vehicle, which means you don’t pay taxes on it. Instead, leasing is like renting for a specified length of time. You will need to have money at the lease signing, which can be a few thousand dollars. After that, you just pay a monthly amount until the end of your lease term.

Even though you don’t have as much room for negotiations with leasing as you do when buying, you can still find some great deals to make your payments more affordable. Every brand will offer unique specials to take advantage of with their leases.

Best car lease deals

You’ll find some good deals on leased sedans, including electric models. For instance, the Nissan LEAF can range from a little under $200 with more than $4000 at signing to around $340 per month with $2000 at signing.

If you’re more interested in a compact SUV, you’ll find some affordable lease options. The Nissan Kicks leases for about $320 for 36 months. The Chevy Trailblazer is another model that can lease for close to $250 per month. For the 2022 Mazda CX-30, you can find leases for under $350 with only $1000 as a down payment at the time of leasing.

Truck lease deals for 2022

You can also lease a pickup truck, like the Toyota Tundra or Ford F-150. However, you may find it more difficult to get a good deal. The 2022 RAM 1500 is leasing for less than $600 per month with only $1000 down for the base models. If you go up in trims, you’ll be paying closer to $1000 a month unless you pay more at signing.

Ford has similar options with a $325 payment for an F-150 and $2000 at signing. The 2022 Toyota Tundra comes in with similar results at around $420 monthly payments up to $800 per month.

When comparing lease programs, you’ll want to consider how much is due at signing as well as the length of the lease, which is usually 36 months. Also, think about the trim options because higher trims will usually come with a higher monthly payment just like when you’re buying.

Leasing is becoming a more appealing path to a new vehicle with prices continuing to go up. While leasing is also more expensive, it’s still often the more affordable choice with lower payments. When you can shop the best deals, you can save even more money.