Auto leasing’s comeback continues in October. More shoppers are considering leasing to finance their next new car and automakers are responding with attractive lease incentives, including sign and drive leases and low monthly payment lease deals.
Sign and drive lease deals will mean higher monthly payments, since you’re not paying anything at lease signing. Low monthly payment lease plans require a couple to a few thousand dollars at lease signing, but are more manageable on a monthly basis.
October’s lease deals are generally for consumers with prime credit scores (about 680 and higher), but automakers are also offering lease rates for shoppers whose credit score falls below the required number. The monthly lease payments will generally be a little bit higher if your credit score is good, but not prime.
Acura continues to offer its no money due at signing lease deals on all six of its models in October. This lease option has higher monthly payments since you won’t be putting any money down. If you need lower payments, Acura is also offering leases with about $2,250 to $3,500 due at signing. For example, the 2011 Acura RDX with no money down is $440 a month. After a $2,999 down payment, the RDX is only $369 a month.
BMW is still offering its $0 down payment lease incentives on its 3 Series cars in October and has added 1 Series cars to the deal. On any 2011 1 Series and 3 Series car, you can lease with no down payment for 36 months. You’ll have to pay only the first month’s payment at lease signing. BMW also has 36-month leases on most other 2011 vehicles this month.
Buick has a few attractive 39-month lease deals in October. The 2011 Enclave is $399 a month with $2,359 at signing. Buick’s 2011 LaCrosse CX can be leased for $319 a month with only $1,519 due at signing. The 2011 Buick Regal CXL is $289 a month with $1,669 at lease signing.
GMC is offering lease deals on two of its SUVs and a truck this month. The 2011 Terrain is $319 a month for 39 months with $2,009 at signing, while the 2011 Acadia is $329 a month for 39 months with $2,489 due at signing. The 2011 Sierra can be leased for $299 a month for 39 months with $2,229 at signing.
Honda is offering leases with $0 due at signing in October on its 2010 Accord Coupe and Accord Sedan. The Accord Sedan is $250 a month for 35 months after the $0 first month’s payment (36 months total). The Accord Coupe is $280 a month with the same lease details. Honda is also offering 36-month leases with low monthly payments with about $1,400 to $3,000 down on the Accord Crosstour, Civic Sedan, CR-V, Fit, Insight, Odyssey and Pilot.
Hyundai is still offering its $199 a month lease deal on its 2011 Sonata this month for 36 months. The 2010 Elantra can be leased for $159 a month for 24 months, while the 2011 Elantra Touring is $199 a month for 24 months. The 2010 Tucson is $239 a month for 36 months, while the 2011 Tucson is $259 a month for 36 months.
The 2010 Nissan Altima sedan is $199 a month for 39 months with $2,999 due at lease signing in October.
Kia has a few lease deals for less than $200 a month for 36 months in October. The 2010 Forte is $159 a month with $1,999 at signing, while the 2010 Forte Koup is $179 a month with $1,999 at signing. The 2011 Soul is $169 a month with $1,999 due at signing. Kia’s 2011 Sorento can be leased for $239 a month with $2,899 at signing, while the 2011 Sportage is $229 a month with $2,499 at signing.
Mazda is offering $0 due at signing leases on its 2010 CX-7 and CX-9 this month. The CX-7 will cost $294 a month for 42 months, while the CX-9 is $381 a month for 42 months.
Nissan has six vehicles you can lease for less than $200 a month in October, including the Versa Sedan, Versa Hatchback, Cube, Sentra, Altima and Rogue. You’ll need anywhere from $2,000 to $3,000 at lease signing.
Scion continues to offer its small down payment, 36-month leases this month. The 2010 Scion xB is $199 per month with $849 due at lease signing. Scion’s xD is $187 a month with $837 due at signing. The tC is $256 a month with $906 at signing.
Subaru has lease payments of less than $200 a month on a few vehicles in October. The 2011 Legacy is $199 a month for 36 months, while the 2010 and 2011 Impreza are $179 for 42 months. You’ll need about $1,200 to $1,900 at lease signing, depending on the model.
Suzuki is offering low lease payments on its 2010 Kizashi and all four trim levels of its 2010 SX4 for less than $200 a month. Leases are 36 or 48 months long and you’ll need about $2,500 at signing. On 2011 models, the Kizashi, SX4 Sedan and SX4 Sport Sedan are less than $200 a month, while the Grand Vitara is $209 a month. The 2011 lease deals are either 36 or 39 months long.
Toyota has 36-month lease deals on nine vehicles in October. The notable lease deals are on the 2010 Corolla LE and 2011 Camry LE. The Corolla is only $119 a month, but you need $3,019 at signing. The Camry LE is available with $0 due at lease signing and $269 monthly payments.
Volkswagen is offering low lease payments of less than $200 on its 2010 and 2011 Jetta, 2010 Golf and 2010 New Beetle in October. The leases are all 36 months long and you’ll need about $2,000 at signing.
Lease incentives listed are for the southeast region. They may differ depending on where you live. Check the automaker’s site to find the incentives in your area.
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