The fall of 2024 is finally here. It is the right time to take advantage of the best car lease deals for May 2024 and get your hands on the ride you have always wanted. May marks the beginning of the new model year. It is the time when dealerships get filled with upcoming models.
They want to make space for the new releases and thus offer great lease deals and incentives on the models already on display. So, if you were thinking of getting your hands on a brand-new off-roader, a fun car, or a car with good gas mileage, now is the right time to execute your plan.
Whether you wish to own an economical ride or an extravagant one, you can get it all with the best lease deals 2024 has for you in May.
In this guide, we bring you a list of all the top models on which you can get the best car lease deals and incentives for May 2024. When considering leasing a vehicle, you will need to carry out a car check in the same way you would for a used car purchase. This history report will reveal any hidden issues such as written off, mileage discrepancies, or outstanding finance.
We have covered everything from compact cars to SUVs, EVs, hybrids, and even pickup trucks. Let us begin and see how much you can save on which model.
23 Best Lease Deals & Incentives To Take Advantage From In May 2024
The best car deals in May can help you get more than what your money is worth. Buying a vehicle is an expensive affair that not everyone can afford. But having a personal vehicle is a need of current times. Thus, leasing a car with the help of the best car lease deals is a great alternative.
You get to drive your ride for a particular period, and after that, you can either return it to the dealership or buy it from them. You can easily get the best car leases under $200 a month with no money down in May 2024. And even if you have to pay a down payment, the amount is not too much.
Getting a lease deal has never been this easy before. You can get your hands on the best sleeper cars, European car brands, Japanese car brands, coupes, convertibles, and many other types.
Below, we have listed the 23 most popular car deals of May 2024 that will suit every person’s budget. One crucial thing for you to take into account is that the availability of these lease deals may vary based on your location. To know the final numbers for sure, contact your nearby dealership of the brand you are interested in.
1. 2024 Chevrolet Trax (MSRP: $20,400)
Lease Deals
- Lease Price: $269 per month for 24 months
- Due at Signing: $2,519
The 2024 Chevrolet Trax is one of the best subcompact SUVs of the new model year. This affordable ride can be yours for a lease deal comprising $2,219, due at the signing, followed by a monthly payment of $269 for 24 months. It is one of the few cars that start with c and come with such an attractive lease deal.
2. 2024 Subaru Crosstrek (MSRP: $24,995)
Lease Deals
- Lease Price: $299 per month for 36 months
- Due at Signing: $2,549
The 2024 Subaru Crosstrek is a four-door SUV that comes with a starting price of $24,995. But if you want to lease it, you can get it for a down payment of $2,549 and monthly installments of $299 for 36 months. It is among the most affordable cars of 2024.
3. 2024 Mazda CX-50 (MSRP: $31,650)
Lease Deals
- Lease Price: $244 per month for 36 months
- Due at Signing: $3,999
The 2024 Mazda CX-50 is a comfortable, spacious, and capable SUV. It is one of the few cars that start with m in model year 2024.
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This ride with a stylish interior can be yours with the May lease deals. You have to pay only $3,999 at the signing of the lease. After this, you will have to pay only $244 per month for the upcoming 36 months.
4. 2024 Honda HR-V (MSRP: $26,925)
Lease Deals
- Lease Price: $249 per month for 36 months
- Due at Signing: $3,199
The all-new 2024 HR-V is an ideal family car. This subcompact SUV is spacious, offers good cargo hold, and is fun to drive on curvy roads.
You can lease out this ride for a signing amount of $3,199, followed by a monthly payment of $249 for 36 months. Take good care of it to ensure you run into no problems. However, if you do, go to a professional car repair shop only.
5. 2024 Subaru Legacy (MSRP: 24,895)
Lease Deals
- Lease Price: $269 per month for 36 months
- Due at Signing: $3,269
If you want a car with high reliability and perfect for everyday commutes within the city, the 2024 Subaru Legacy is a great choice. You can drive this mid-size car for a lease deal where you have to pay $3,269 as the signing amount, followed by a monthly installment of $269 for 36 months.
6. 2024 Honda Civic (MSRP: $23,950)
Lease Deals
- Lease Price: $269 per month for 36 months
- Due at Signing: $3,599
If you wish to drive a sedan, then we suggest you lease the 2024 Honda Civic instead of buying one. You can have this ride for a lease price as low as $3,599, a signing amount, and monthly payments of $269 for 36 months. The best thing is that this ride is available in both sedan and hatchback body styles.
7. 2024 Jeep Wrangler 4xe (MSRP: $49,995)
Lease Deals
- Lease Price: $369 per month for 24 months
- Due at Signing: $3,449
There is no longer a requirement for you to look for cars similar to Jeep Wrangler. It is because now you can enjoy driving the 2024 Wrangler with the help of an impressive lease deal in May 2024.
All you have to do is pay $3,449 as a down payment and then follow up with the monthly payments of $369 for 24 months. Finally, go all in with your off-roading plans. Buy tents and other camping gear and enjoy the thrill this off-roader has for you.
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8. 2024 Ford Mustang (MSRP: $27,780)
Lease Deals
- Lease Price: $400 per month for 48 months
- Due at Signing: $3,317
If you have always dreamed of driving a two-door sports car, the 2024 Ford Mustang can help you live your dream. This vehicle is available in both coupe and convertible body styles. You can get it for a lease price of $400 per month for 48 months and $3,317 due at the time of lease signing.
9. 2024 Genesis G70 (MSRP: $39,400)
Lease Deals
- Lease Price: $429 per month for 36 months
- Due at Signing: $3,699
The 2024 Genesis G70 has one of the best luxury car lease deals in May. You can enjoy driving this 368 hp five-seater ride by choosing a lease deal of $3,699 signing amount followed by a $429 monthly installment for 36 months.
One of the best features of this ride is its fuel efficiency. It can go up to 21 mpg in the city and 31 mpg on the highway.
10. 2024 Honda Civic (MSRP: $23,750)
Lease Deals
- Lease Price: $269 per month for 36 months
- Due at Signing: $3,599
For everyday commutes, compact cars are the best rides. You can lease the popular 2024 Honda Civic for a signing amount of $3,599 with monthly payments of $269 for 36 months.
The new Civic comes with two engine options producing up to 180 hp. This car can accelerate from zero to 60 mpg in under 9.3 seconds. Also, this compact car can go as fast as 137 mph.
11. 2024 Hyundai Ioniq 6 (MSRP: $41,600)
Lease Deals
- Lease Price: $349 per month for 36 months
- Due at Signing: $4,999
If you are looking for a good electric vehicle to lease out, the 2024 Hyundai Ioniq 6 is a great choice to consider. This ride is powered by a lithium-ion battery and gives a power output of up to 320 hp.
With the help of the best car lease deals, you can enjoy taking it downtown with a signing amount of $4,999 and monthly payments of $349 for 36 months.
The 2024 Ioniq 6 is one of the best Hyundai lease deals for this month. This EV comes with an expensive engine. So, we recommend you opt for the best auto insurance available in the market.
12. 2024 Kia K5 (MSRP: $25,290)
Lease Deals
- Lease Price: $299 per month for 36 months
- Due at Signing: $5,599
Kia is one of the few Asian automotive brands that has been able to make a stronghold in the American automobile market. K5 is an impressive and affordable mid-size car that you can buy for a starting price of $25,290.
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However, if permanent commitment is not in the picture, you can lease it with the help of non-zero and zero-down lease deals. For May 2024, you can get it for 36 months for monthly payments of $299 and a down payment of $5,599.
If you ever decide to take this ride to drive on uneven terrains, we recommend you use a lift kit to increase its ground clearance.
13. 2024 Ram 1500 (MSRP: $37,905)
Lease Deals
- Lease Price: $359 per month for 42 months
- Due at Signing: $5,599
If you wish to own best selling cars of all time, which is also a pickup truck, nothing can beat the Ram 1500. You can buy this ride for a base price of $37,905. But if you think it is costly, you can go for leasing it.
2024 Ram 1500 can be your ride. All you have to do is pay $5,599 at the time of lease signing, followed by $359 monthly payments for 42 months.
14. 2024 Subaru Forester (MSRP: 26,395)
Lease Deals
- Lease Price: $315 per month for 36 months
- Due at Signing: $2,790
The Subaru Forester is one of the popular modern boxy cars. This family ride offers spacious seating for five people with ample area for cargo. You can lease it out for monthly payments of $315 for 36 months and $2,790 due at the time of lease signing.
15. 2024 Toyota Prius (MSRP: $27,450)
Lease Deals
- Lease Price: $329 per month for 36 months
- Due at Signing: $3,999
For all the hybrid lovers, the 2024 Toyota Prius is a great affordable option. You can lease out this compact car for a signing amount of $3,999 and a monthly installment of $329 for 36 months.
This hybrid car is available in three trim levels, each offering an excellent gas mileage of up to 57 mpg in the city and 56 mpg on the highway.
16. 2024 Toyota Sienna (MSRP: $36,885)
Lease Deals
- Lease Price: $369 per month for 24 months
- Due at Signing: $3,449
Looking for the best Toyota lease deals? No worries. The 2024 Toyota Sienna is a great ride to take advantage of leasing. You can drive this minivan for a down payment of $3,449 and a monthly installment of $369 for 24 months.
17. 2024 Volkswagen Atlas (MSRP: $35,150)
Lease Deals
- Lease Price: $419 per month for 39 months
- Due at Signing: $4,999
If you want to get the popular Volkswagen in your garage but can’t afford to pay for one, leasing one can be a great alternative. You can enjoy driving a 2024 Volkswagen Atlas for a signing amount of $4,999 and a monthly payment of $419 for 39 months.
18. 2024 Toyota Corolla Cross (MSRP: $23,610)
Lease Deals
- Lease Price: $279 per month for 36 months
- Due at Signing: $3,278
Another subcompact SUV you can lease out in May 2024 is the Toyota Corolla Cross. This ride can be yours to drive for 36 months for a signing amount of $3,278 and monthly installments of $279. Also, this ride is one of the safest sport utility vehicles. It holds a five-star overall safety rating from NHTSA.
19. 2024 Chevrolet Equinox (MSRP: $26,000)
Lease Deals
- Lease Price: $269 per month for 24 months
- Due at Signing: $3,349
Another ride that you can lease in May 2024 is the Chevrolet Equinox. You have to pay $3,349 as a down payment with monthly installments of $269 for 24 months. The interior is thoughtfully designed with enough space to seat five people. There are four trim levels for you to choose from.
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20. 2024 Honda Accord (MSRP: $27,295)
Lease Deals
- Lease Price: $289 per month for 36 months
- Due at Signing: $3,299
The 2024 Honda Accord is a great mid-size car powered by a 1.5-liter four-cylinder engine producing 192 hp. This ride is available in three trim levels with a starting price of $27,295. But you can lease it for a down payment of $3,299, along with the monthly installments of $289 for 36 months.
2024 Accord can sprint from zero to 60 mph in 8.8 seconds and attain a top speed of 116 mph. The all-new Accord is one of the best Honda lease deals.
21. 2024 Nissan Sentra ($20,200)
Lease Deals
- Lease Price: $299 per month for 36 months
- Due at Signing: $3,279
The cheapest car on this list is the 2024 Nissan Sentra. This compact car is powered by 2 2-liter four-cylinder engine powering 149 hp. You get impressive fuel efficiency, giving you 29 mpg in the city and 39 mpg on the highway.
But if the starting price of $20,200 is a lot for you, you can lease it for 36 months for a down payment of $3,279 and a monthly payment of $299.
22. 2024 Chevrolet Colorado (MSRP: $29,200)
Lease Deals
- Lease Price: $339 per month for 24 months
- Due at Signing: $6,249
Another pickup truck you can lease out in May 2024 is Chevrolet Colorado. This pickup truck is ideal for both on-roading and off-roading.
You can buy a tonneau cover and keep the bed of this truck safe from all external factors. All you require for leasing is a signing amount of $6,249 and monthly payments of $339 for 24 months.
23. 2024 GMC Terrain (MSRP: $29,900)
Lease Deals
- Lease Price: $189 per month for 24 months
- Due at Signing: $6,629
If you have no worries about paying a hefty down payment but wish for cheap monthly installments in a leasing deal, go for the 2024 GMC Terrain.
This latest SUV can be yours to drive for 24 months for a signing amount of $6,629 and a monthly payment of only $189. 2024 Terrain is available in four trim levels and is ideal for teenage drivers, elderly, and experienced ones. This one is sure a cute car.
Top FAQs About Best Luxury Car Lease Deals
What are the best car lease deals right now?
The best car lease deals that you can get right now are on compact cars, midsize cars, luxury cars, pickup trucks, and some sports cars as well.
All you need to do is look for the available offers online and cross-check them with your nearby dealerships. This way, you will learn which deals are still available for you to take advantage of.
Who has the best car lease deals?
There is no perfect answer to who holds the best car lease deals. Mostly, the deals differ from state to state. So the rates & offers you might be getting from a dealership can be completely different from the other, and so on.
However, you can make sure you get the best bargain in the deals. You must keep your options open. Visit different leasing companies, ask for quotations, and compare them all.
The one that suits your finances better is the right choice for your car lease deal.
How to find the best car lease deals?
There are different ways anyone can find car deals nowadays. You can look up online or visit your local car dealerships, or you can contact a broker who can do all the work for you while you just pay them for their service.
What car company has the best lease deals?
For May 2024, Toyota, Honda, Hyundai, and Chevrolet offer the best lease deals on their various popular models.
Most of the models come with affordable down- and monthly- payments, making it easy for anyone to have a personal ride to drive.
How do you negotiate car lease deals?
First, you need to understand that lease deals are binding. You cannot get out of one until you complete the tenure.
Once you have decided that you want to move forward with the lease and have found a dealer for it.
The next step is to visit them in person. During the visit, ask them everything about the lease contract and offer the price that suits you best & you can pay.
There are chances that the dealer won’t budge. However, offer to pay the entire signing amount via cash. You can get yourself better negotiation and a deal that suits your terms.
How do you compare car lease deals?
Car lease deals depend on the make of the vehicle. Different makes have different rates.
A luxury car will have a costly lease deal as compared to a compact car and so on. Plus, the brand name the car holds also contributes to its lease values.
So, if you want to compare lease deals fairly, always compare the vehicles that fall under the same class. For example, a compact Toyota can be compared with a compact or midsize KIA.
Apart from the car’s class, the value of the brand is also added to the rate. So, out of the two with better value in every manner, it will be costly.
Apart from this, the rates differ from dealership to dealership. So, for that, fix yourself a ride you want to lease and then find what different dealerships are offering.
This way, you will get an idea of where prices are higher and where they are low. And thus, go for the one that is best in every aspect.
When does a new car get lease deals?
For a model that is fairly launched, it is hard to get lease deals immediately. However, after a few months, you can get lease deals for a new car.
The best times to lease a car are popular holidays, the end of the month, quarter, or year, and between May & March.
Conclusion
You should look for the best car lease deals if buying one is not an option for you. Leasing provides you ownership of a ride but only for a limited time.
So, if you wish to drive another model or are moving to a new place, leasing offers more ease. This article covers X top car lease deals and incentives you can take advantage of in May 2024.