Last Updated 2 years ago
To lease or to not lease? That is the question.
Leasing a car is like renting an apartment, you pay monthly to borrow the car, and at the end of the contract period, you return the vehicle.
Long-term thinkers might advise that financing the car will be a better decision because once the loan is paid off, you have an asset. However, it is a depreciated asset, which means that it loses value every year.
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There are some great benefits of leasing a car, for example, leasing offers lower monthly payments compared to auto loan payments, the novelty of driving a new car every couple of years, and the peace of mind that extended warranties apply on most cars, to name a few.
A recent report from Car and Driver revealed the best car leasing deals according to their research.
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These are the top 5 best leasing deals for American drivers:
5) 2023 Volkswagen ID.4
Have you ever dreamed about getting an electric car for $0 at signing? Well, Volkswagen can make your dream come true. According to the report, the 2032 Volkswagen ID.4 is offered at a $0 down payment and $499 per month with a 36-month contract.
The ID.4 offers a quiet ride thanks to its electric powertrain. It can charge from 10% to 80% of its capacity in 33 minutes approximately. For anyone seeking stylish and a sustainable ride, the 2023 Volkswagen ID.4 is a fantastic choice.
Credit: Volkswagen
4) 2023 Volvo C40
The 2023 Volvo C40 is a remarkable electric SUV that offers a perfect blend of style and performance. According to the EPA, the C40 delivers a driving range of 226 miles per charge equivalent to 94 MPGe (Miles Per Gallon of Gasoline-Equivalent) in the city. It can also get charged to 80% in only 40 min.
In terms of infotainment, the Volvo C40 comes with the latest version of the Google Android Operating System, which gives the driver access to features such as Google Assistant and Google Maps.
The leasing deal of $485 per month and $3,859 at signing makes it an attractive option for those looking for an impressive driving range and eco-friendly electric powertrain.
Credit: Volvo
3) 2023 Audi Q4 e-tron
If you are looking for a more modern and elegant vibe, then you should take a look at the 2023 Audi Q4 e-tron. The MSRP for this model ranges between $49,000 and $63,000. Yet, the report shows a leasing deal of $469 per month and $5,359 at signing for this electric SUV.
According to Edmunds, the Q4 e-tron has a driving range of 265 miles and a 9-hour charging time when charging at home with a 240V outlet. However, it can charge from 5% to 80% capacity in only 36 minutes when plugged into a fast charging station.
Credit: Audi
2) 2023 Toyota bZ4X
The report shows that you can drive a 2023 Toyota bZ4X for only $389 monthly payments with $2,999 at signing which makes it an attractive option for those looking to drive the first mass-produced Toyota’s electric car.
With a 252-mile drive range per charge and 201 horsepower, the Toyota bZ4x is a compelling choice for those looking to drive an electric RAV4.
Credit: Toyota
1) 2023 Nissan Ariya
If you are looking for a tiny monthly payment, keep reading.
The 2023 Nissan Ariya leasing deal is something worth noting. According to the report, you can drive this model for $219 per month with $4,129 at signing the leasing contract.
In its Venture Plus version, the Aria offers an impressive 304-mile driving range according to the EPA which equates to a combined 103 MPGe, making this Nissan vehicle one of the most efficient in this list.
Providing a smooth ride and comfortable seats, the 2023 Nissan Arya is a compelling choice you can enjoy while reducing your carbon footprint.
Credit: Nissan
Always remember to negotiate the final price of the car as well as the down payment. It is helpful to know how different down payment amounts will affect the leasing monthly cost.
Also, keep in mind to budget for additional expenses that you will need to incur when leasing a car such as taxes, title, license, dealer fees, and insurance. Reach out to your local dealership for offers and restrictions applicable to your location.