Auto lease deals generally come in two varieties. The first is low monthly auto lease payments. These lease incentives are attractive to a lot of car shoppers because they fit well into most consumers’ monthly budgets. To get the payments so low, shoppers will generally have to give several thousand dollars at lease signing, or the manufacturer or dealer will have to discount the car and drop the price to make the payments lower.
The second is a lease where shoppers either don’t have to pay anything at signing, often known as "sign and drive" deals, or have to pay very little to drive the car off the lot. Although these leases don’t require as much money up-front, they usually mean you’ll have higher monthly payments.
One more thing to consider if you’d like to lease a car in August is that although the advertised lease rates and incentives are generally reserved for shoppers with the best credit scores, if your credit score is a little bit lower than required, most times you can still be approved for the lease, just at a higher rate.
Acura is offering leases with no money due at signing on all six of its 2010 vehicles in August. If you choose this route, your monthly lease payments will be higher, since you won’t be putting any money down. If the higher payments don’t fit your monthly budget, Acura is also offering leases with about $3,000 to $3,500 due at signing and lower monthly payments on its entire lineup. For example, the Acura ZDX with no money down is $640 a month. After a $3,500 down payment, the crossover SUV is only $549 a month.
Buick has a few good lease deals this month. The 2010 Enclave is $399 a month for 39 months with $2,479 at signing. Buick’s $26,495 LaCrosse luxury sedan can be leased for $319 a month for 39 months with only $1,679 due at signing. The new 2011 Buick Regal is $289 a month for 39 months with $1,779 at lease signing.
Honda is offering lease deals with $0 due at signing in August. The 2010 Accord Crosstour, Accord Sedan, Civic Coupe, Civic Sedan and Fit are all included. Monthly payments range from $210 to $410. With a $1,400 to $3,100 down payment, shoppers can also lease the Accord Coupe, Civic Hybrid, CR-V, Insight, Odyssey and Pilot with monthly payments ranging from $169 to $319.
The budget-friendly Honda Fit can be leased for $210 a month for 36 months with $0 due at signing in August.
Hyundai’s August leases feature low monthly payments. Hyundai’s popular 2011 Sonata is $199 a month for 36 months with $2,399 due at signing. A 2010 Tucson can be leased for $239 a month for three years with $2,499 at signing. The 2010 Hyundai Genesis Coupe is $259 a month for 36 months with $2,199 at signing. The 2010 Elantra sedan can be leased for only $159 a month for 24 months with $1,999 due at signing.
Kia is offering some affordable monthly lease payment deals in August. The 2010 Soul and Forte are $149 a month for 36 months with $2,000 to $2,300 at signing. The Forte Koup is $179 a month for 36 months with $2,000 at signing. The 2011 Sportage is $229 a month for 36 months with $2,499 due at signing. The new 2011 Sorento SUV can be leased for $239 a month for 36 months with $2,699 due at signing.
Lexus has three car lease deals this month. The 2010 IS 250 is $349 a month for 36 months with $3,489 at signing. The Lexus ES 350 can be leased for $389 a month for 36 months with $3,899 due at signing. Lexus’ RX 350 crossover SUV is $469 a month for 36 months with $2,939 due at lease signing.
Mazda is once again offering no money due at signing leases in August on its CX-7 and CX-9 SUVs. For 42 months, the 2010 CX-7 is $284 a month, which is $24 less than last month’s same offer, and the CX-9 is $381 a month, which is $37 less than July’s offer. Mazda also has 36-month discounted leases on all its other vehicles this month, except the new 2011 Mazda2. You’ll need about $1,800 to $3,500 due at lease signing.
MINI’s $199 a month lease deal in August is good for 39 months on a new MINI Cooper Hardtop. You’ll need $2,202 at signing and you’ll also receive free scheduled maintenance for three years or 36,000 miles if you choose a new 2009 Cooper model.
Nissan has six vehicles you can lease for less than $200 a month in August, including the Versa Sedan, Versa Hatchback, Cube, Sentra, Altima and Rogue. You’ll need a couple to several thousand dollars due at lease signing. Most other Nissan models have lease incentives this month as well.
Scion’s affordable monthly lease payment options are good for shoppers who don’t have big down payments or big monthly budgets. The 2010 Scion xB is $199 per month for 36 months with $849 due at lease signing. Scion’s xD is $187 a month for 36 months with $837 due at signing. The tC is $256 a month for 36 months with $906 at signing.
Subaru has attractive lease incentives on all six of its vehicles this month. The Impreza and Legacy are less than $200 a month, while the Impreza WRX, Outback and Forester are less than $300. The Tribeca can be leased for $389 a month. All leases are 42 months long, except the Legacy, which is 36 months long. You’ll need about $1,500 to $3,300 at lease signing, depending on the model.
Suzuki is offering low lease payments on its Kizashi and all four trim levels of its SX4 for less than $200 a month. Leases are 36 or 48 months long and you’ll need about $2,500 at signing.
Toyota is offering a sign and drive lease deal on its 2011 Camry LE this month. Although Toyota calls it a sign and drive offer, you still have to pay the first month’s payment at delivery. The Camry is $269 a month for 36 months. The 2010 Corolla LE still has its $119 a month lease offer for 36 months. You’ll need $3,019 at signing. Toyota has lease offers on several other models as well.
Volkswagen has a few models that you can lease for less than $200 a month in August. The 2010 New Beetle, Golf and Jetta LE are all $199 a month for 36 months with about $2,000 to $2,300 due at signing.
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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