New car lease deals requiring zero due at signing are far and few between in the month of May. However, this hasn’t discouraged car buyers from leasing, as leasing has become more and more popular over the past few years.
Many of the lease offers currently available have monthly payments well under $300 per month. Although there are several lease programs available in this month, mainstream and luxury vehicles make up the majority of the list.
Lease offers basically come in different forms. Low monthly payments with a large amount of money due at signing or a low amount down up front and higher monthly payments throughout the lease. It’s not impossible to occasionally find a lease deal out there with a combination of both, a low monthly payment and a low amount (or zero) due at signing. NOTE: Many of the new car lease deals available for May 2016 are region specific.
Our friends over at U.S. News, using their vast database, sorted through all the current lease programs available from the manufacturers in May and selected the ten best offers available across a variety of vehicle segments.
There are several lease programs available offering cheap monthly payments. You can lease a 2016 Ford Mustang EcoBoost coupe with an automatic transmission for only $289 per month with $1,999 due at signing. Fords lease deals on Mustang vary depending on the region you live in. Make sure you check with several local dealerships to see what’s being offered in your area.
If you’re in the market for a pickup, take a look at the 2016 GMC Canyon. You can lease a 2016 Canyon Short Crew 2WD SLE Preferred Equipment Group for only $249 per month for 36 months with $3,089 due at signing. Or you can do $279 per month for 39 months with $1,889 due at signing on a Canyon Crew 2WD SLE Preferred Equipment Group both these lease deals expire on May 31, 2016. These are pretty nice lease deals for a well-desired pickup.
If a luxury vehicle is more your style, take a look at BMW’s deal on the 2016 BMW 320i Sedan. It takes $4,254 due at signing; However, your monthly payments are only $329 per month for 36 months.
There are many lease programs available during the month of May 2016; the ones selected below are the ten best offers across a variety of automakers and vehicle classes. I always recommend you do your research and homework first before contacting a dealership. Prices, payments and results may vary depending on your individual credit history.
Keep in mind: When leasing a car, inquire about mileage limitations and always read the fine print. Leasing incentives may vary by region, can change or be cancelled without notice, and are subject to vehicle availability. You should always check with several dealers in your area to get a good idea of what’s available in your local market.
Before heading to the dealership, make sure you check out May’s best lease deal list below to find a vehicle that best fits within your budget.
Leasing a New Car in May 2016?
When negotiating a new car lease, 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 Ryde Shopper and Motor Trend, their quotes will automatically include any discounts or cash-back incentives currently available in the marketplace.
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.
Best New Car Lease Deals Available for New Car Shoppers
|New Car||Best Lease Deal||Expires|
|2016 GMC Canyon||$249 per month for 36 months on Canyon Short Crew 2WD SLE Preferred Equipment Group with $3,089 due at signing OR $279 per month for 39 months with $1,889 due at signing on a Canyon Crew 2WD SLE Preferred Equipment Group||05/31/2016|
|2016 Honda Odyssey||$259 per month for 36 months with $2,499 due at signing OR $320 per month for 356 months on an Odyssey six-speed automatic LX with $0 due at signing||05/31/2016|
|2016 Lexus IS||$329 to $499 per month with $0 to $3,669?due at signing depending on the model and selected and the state you reside in. Check with several local area Lexus dealers to see what deal is offered in your area||05/31/2016|
|2016 Ford Mustang||$259 per month for 36 months with $2,649 due at signing on V6 coupe Mustang in the SE OR $289 per month for 36 months on Mustang EcoBoost with Automatic in the SW with $1,999 due at signing OR $259 per month with $2,649 due at singing on V6 Mustang coupe with auto transmission in the NW and W with $2,649 due at signing||05/31/2016|
|2016 Ford Edge||$306 per month for 24 months on Edge SEL AWD with $4,103 due at signing in the NE OR $26 per month for 36 months with $3,219 due at signing on Edge SE AWD in the West OR $279 per month for 36 months with $3,239 due at signing on the Edge SE FWD in the SE OR $289 per month for 36 months with $3,199 due at signing on the Edge SE AWD in the NW.||05/31/2016|
|2016 Nissan Maxima||$259 per month for 36 months with $2,499 due at signing on 3.5 S Maxima in the NE OR $279 per month for 36 months with $2,999 due at signing on the 3.5 S Maxima in the SE and NW OR $259 per month for 36 months with $2,999 due at signing on the Maxima 3.5 S in the W and Southwest.||05/31/2016|
|2016 BMW 3-Series||$329 per month for 36 months with $4,254 down on 320i Sedan OR $369 per month for 36 months with $4,294 due at signing on the 328i sedan||05/31/2016|
|2016 Chevrolet Impala||$269 per month for 39 months with $3,599 due at signing on the Impala LT Preferred Equipment Group||05/31/2016|
Source: U.S. News