What Are the Best Car Leasing Deals Right Now?
By Drive Match
Last updated: October 24, 2024
If you’re in the market for a new vehicle, you’ve likely noticed that leasing is becoming an increasingly popular option. But with so many choices out there, how do you find the best car leasing deals? Here’s what you need to know to secure the best lease for your next car.
1. Look for Seasonal Promotions
Car dealerships often run seasonal promotions that make leasing more attractive. End-of-year clearance events, Memorial Day sales, or New Year deals typically include great lease offers. Timing your lease around these events can save you hundreds, if not thousands, over the term of the lease.
2. Focus on Manufacturer Incentives
Automakers frequently offer lease incentives directly to consumers. These can include lower monthly payments, reduced down payments, or even lease cash-back offers. Checking manufacturer websites or asking your dealership about current lease incentives can lead to significant savings.
3. Use a Lease Calculator
One of the best tools at your disposal is a lease calculator. Drive Match’s lease calculator, for example, allows you to input your preferences and quickly see what kind of deal you can get, factoring in discounts, incentives, and pre-negotiated prices. This takes the guesswork out of finding the best deal and ensures transparency.
4. Keep an Eye on Residual Value
When leasing, the car’s residual value—what it’s worth at the end of the lease—is a crucial factor. A car with a higher residual value will generally have lower monthly payments since you’re financing a smaller amount of depreciation. Luxury brands and cars with good resale value tend to have better lease terms.
5. Negotiate the Capitalized Cost
Even though you’re leasing, you can still negotiate! The capitalized cost, or the car’s selling price, is what determines your lease payments. Try to lower this cost through negotiation, or take advantage of pre-negotiated prices through services like Drive Match. The lower the price, the better your lease deal.
6. Use Drive Match
Skip all the hassle and customize your own deal using our innovative and transparent platform! View the current deals here.