November’s Best New Car Leases
As automakers work to clear the lots of 2020 models, they're using generous incentives to attract lease customers back into the market. They’re available on models that span the market, from affordable compact cars to pickups and luxury SUVs.
Car leasing usually brings lower monthly payments than car buying, as you only have to pay for the depreciation that's expected to occur during the lease term, plus interest and fees. When you buy, you have to pay for the car's entire value, and most shoppers have to take out a loan to do so. Getting a lease can be even more affordable when you can take advantage of an automaker's lease deal.
While anyone with good credit can get a lease deal, some of the best this month are reserved for existing lease customers, including incentives on the 2021 Chevrolet Camaro and 2021 GMC Canyon.
It’s a good month to be in the market for a small luxury SUV, with generous lease offers available on the 2021 Cadillac XT4, 2020 Lexus UX, and 2020 Range Rover Evoque. High residual values continue to make the 2021 Jeep Wrangler a good lease option.
Before you decide to lease, you need to be sure your job is safe in the face of the continuing economic turbulence. That’s because lease contracts are hard to break without inflicting major trauma on your credit score. Many of the lease deals you'll see on the following pages have limits based on where you live. They typically are only available to shoppers with top-notch credit scores and stable work histories. Strict mileage limits make knowing how many miles you drive each year an essential factor in your car leasing decision.
Lease deals are usually offered on specific trim levels, and dealer stock may be limited. The U.S. News Best Price Program can connect you with multiple local dealers with just one simple inquiry. It will also help you find retailers with online lease and home delivery programs.
Unless otherwise noted on the following pages, this month’s lease deals expire on the last day of October. Miss the expiration date, and you’ll likely miss out on the deal. Because of plant closures caused by the coronavirus pandemic, some vehicles may be in short supply.