July 4th is right around the corner and it's one of the biggest new car sales weekends of the year for both car buyers and dealerships alike. Automakers advertise some of their biggest finance and lease incentives to get you to come in and buy a car.
If you like to lease your vehicles instead of purchase them, We've gathered the best lease deals available for the upcoming holiday weekend and to our surprise, many of the listed vehicles have payments well under $300 a month.
Not all new car leases are exactly the same, some have lower monthly payments, but ask for more money due at signing. Others may draw you in with a very low amount due up front and then have a little higher monthly payment. However, you decide to lease the vehicle, the amount money pretty much comes out the same. The fact is, a vehicle is worth is what it's worth. You either pay for it up front or you pay as you're leasing it.
Your goal is to find a new car lease that gives you balance, here are three key areas to consider before signing on the dotted line:
The most attractive lease deal for the 4th of July weekend has to go to Hyundai with its new 2016 Hyundai Elantra. You can drive Elantra for 36 months for only $179 per month. You are required to put down $1,499 due at signing, but you can't argue with how much value you're receiving for your money with this deal.
If you're in the market for a little two-door to zip around town, Mazda has an extremely nice offer on their 2015 Mazda MX-5 Miata. You can lease it for only $299 per month for 24 months with $0 due at signing. You better hurry though, the offer will end on July 6, 2015.
If an SUV or crossover is more your style, check out 2016 Acura MDX. There are two different lease options with this vehicle. Your choices are $2,999 due at signing and you can drive it for 36 months with payments of $439 OR you can opt for $520 per month with $0 down and no first payment. If those payments are a little steep for you, check out Honda's lease deal. You can get a 2015 Honda CR-V for $209 per month for 36 months with $1,999 at delivery OR $260 per month with $0 down and no first payment. These offers also end on the Monday, July 6th.
As I always say, competition between dealers always gets you the best new car price. Research and compare vehicles online, then have dealers send you price quotes before ever stepping foot inside a dealership. Once you have your quotes you can play dealers off each other to guarantee you pay the lowest price and get the best deal possible. Read my article on how to research new cars online to learn how to get the best deal possible when buying or leasing a new vehicle.
|Year Make Model||Average Paid*||Lease Deal||Due at Signing||Expires|
|2016 Kia Sorento||$25,336 - $42,668||$259/36 months||$2,499||July 6, 2015|
|2015 Mazda MX-5 Miata||$23,812 - $30,132||$299/24 months||$0||July 6, 2015|
|2015 Volkswagen Golf SportWagen||$21,580 - $31,155||$330/36 months||$1,999||July 6, 2015|
|2015 Ford Edge||$27,852 - $39,276||$249/24 months**||$3,049||July 6, 2015|
|2016 Acura MDX||$41,705 - $55,643||$439/36 months||$2,999||July 6, 2015|
|2016 Acura MDX (option 2)||$41,705 - $55,643||$520/36 months||$0 and no first month payment||July 6, 2015|
|2016 Hyundai Elantra||$17,526 - $21,799||$179/36 months||$1,499||July 6, 2015|
|2015 Lexus NX||$34,562 - $37,990||$369/36 months||$2,499 - $3,699 varies per area||July 6, 2015|
|2015 Honda CR-V||$23,423 - $33,268||$209/36 months||$1,999||July 6, 2015|
|2015 Honda CR-V (option 2)||$23,423 - $33,268||$260/36 months||$0 and no first month payment||July 6, 2015|
|* Average price paid is not MSRP, Always do your research and request multiple quotes from local dealerships to make sure you're paying the absolute lowest price in your area.
** Amount due at signing in the West, Southwest and Northwest
When negotiating a new car lease price, it’s important to know the dealer invoice price and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what's a good price to pay for the vehicle. I highly recommend using an online referral service such as Edmunds or TrueCar, their quotes will automatically include any discounts or cash-back incentives currently available.
In addition, the above sites will tell you which dealerships in your local area are currently the most flexible with their new car pricing. These sites provide valuable information for anyone thinking about buying or leasing a new car or truck.
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