The shackles of the coronavirus are still binding business in many areas of the country, but the auto industry continues to move forward from the deep hole it found itself in during March and April. Fear of disease, unsettled economics, and continued restrictions on business across the country mean that many auto showrooms have more cars than customers. So if you are shopping for a great lease deal right now, your timing might never be better. In the face of COVID-19 many carmakers, including Ford, General Motors, Fiat-Chrysler, Honda, Hyundai, and Volkswagen are offering consumers unprecedented incentives. The current manufacturer-subsidized lease deals are among the best we’ve ever seen. For many consumers, we live in a difficult time from a health and an economic standpoint. But if you need a new vehicle, this a great time to get a lease.
We at Driving Today express our good wishes for your ongoing health and safety. We believe it is both our duty and our privilege to tell you about the best lease deals available this month.
Low monthly payment on a so-so vehicle isn’t a good deal
Let us take a moment to explain why we believe our list of the best car lease deals is superior to others floating around the Internet. Many websites that create lists of “the best lease deals of the month” simply don’t have the experience in evaluating cars, trucks, vans, and SUVs that we do. They see a low lease price and immediately label that a “good deal.” But a low monthly payment on a so-so vehicle isn’t a good deal, and it certainly isn’t the “best deal.”
Instead of identifying vehicles with the lowest monthly payments as the “best deals,” we identify the models our extensive research tells us are the best overall values, and then we look at the lease deals. Experience has proven this approach will give you a much better result over the course of your lease. Our highly regarded 10 Best Car Buys of 2020 list chosen by our expert DT panel of car testers and evaluators has helped us construct the following roundup of the lease deals that are the very best values this month. The lease rates quoted here are representative of lease deals currently available but because of regional differences, these exact terms might not be available in your area.
2020 Toyota Corolla Hybrid
The Toyota Corolla Hybrid is our 2020 Best Small Car Buy of the Year because the car offers so much value. As you know the Corolla is one of the most popular small cars of all time with more than 44 million sold worldwide since the car was introduced. While we like every version of the 2020 Corolla, we singled out the all-new Corolla hybrid because we think it is the best Corolla yet. Not only is the fuel economy far superior to the already-good fuel economy of the conventional Corolla, but the hybrid version of the vehicle also doesn’t make you pay for that with noise, harshness or discomfort. Instead, it rewards you with better drivability. The good news is the current lease offer is a very good one. You can lease a 2020 Toyota Corolla Hybrid for $249 per month for 36 months with $2,799 due at signing.
2020 Toyota RAV4
We love the Toyota RAV4, so we can see why America loves the RAV4. It is the most-purchased non-pickup in the country for the same reasons we named the Toyota RAV4 the Small SUV Best Car Buy of the Year 2020. The reliable 5-passenger crossover has a muscular stance and strong lines, while inside the whole interior ambiance now shows a definite tendency toward luxury. On the road, it’s a comfortable cruiser with a solid mix of standard features and a solid mix of standard features. Key among those features is Toyota’s Safety Sense (TSS 2.0) package, which brings a pre-collision system, lane departure alerts, radar cruise control, and other useful driver aids that will make your driving safer and more convenience. This month you can lease a 2020 RAV4 LE for $239 per month for 36 months with $2,799 due at signing.
2020 Jeep Gladiator
The all-new 2020 Jeep Gladiator midsize truck is one of the coolest new vehicles to be launched in the last 10 years, and very often when a hot vehicle like this hits the market great lease deals are impossible to come by. That is why we are excited to report that a very favorable lease offer is now available in many areas around the country. We were so impressed with the Jeep Gladiator we named it our 2020 Pickup Truck Best Car Buy of the Year. Certainly, the Gladiator makes a styling statement as a Jeep truck on steroids, but its actions speak as loudly as its style. It offers best-in-class towing and 4-wheel-drive payload: 7,650 pounds of towing capacity and 1,600 pounds of payload capacity. Now you can lease a Sport version of the Gladiator for $279 per month for 36 months. An initial payment of $3,995 is due at signing. There is a $395 disposition fee due at the end of the lease.
2020 Ford Expedition
The Ford Expedition has topped the full-size SUV segment as our Best Car Buy of the Year for two years in a row. With equipment additions that make it an even better value, the 2020 Ford Expedition provides families generous interior space, a heavy dose of connectivity and impressive new technology. Flexible seating solutions include second-row tip-and-slide seats that offer easy access to the third row even when child seats are installed, and the Expedition has best-in-class second- and third-row legroom. The advanced and surprisingly economical powertrain is a 400-horsepower 3.5-liter EcoBoost V-6 engine teamed with a 10-speed automatic transmission for fuel economy and towing capability. Now you can lease a 2020 Ford Expedition XLT for $499 per month for 36 months with a 10,500 per year mileage limit. An initial payment of $6,569 is due before drive off.
2020 Chrysler Pacifica
We named the Chrysler Pacifica the Best Car Buy of the Year in the minivan class in 2019, and we did it again for 2020 because the Pacifica hits the right notes of comfort, convenience, quality, and economy. With a versatile interior that can accommodate up to seven, the Pacifica can be modestly equipped or it can be filled with the latest and greatest connectivity/interactivity technology. This month in some areas you can lease a very well-equipped Chrysler Pacifica Limited for $479 per month for 36 months with up to $250 in “bonus cash.” Although this article is about leasing, the Chrysler Pacifica Family Pricing campaign might be an even better deal than a lease these days. It offers zero-percent financing for up to 60 months on every 2020 Pacifica plus $1,000 “bonus cash.” The combined discount and the savings derived from zero-percent financing could be more than $7,500.