If you’re looking for a cheap lease deal on a new vehicle, May is the month for you, with two long-range EVs for less than $200 per month, plus a nice selection of SUVs, sedans, and hatchbacks to choose from — and none of the deals cost more than $4,300 down or $249 per month.
Prices quoted below are for the model and trim on special this month, with destination charge included. Other mandatory fees like tax, title, and licensing are not included. Some deals may not be available in your area.
Here are 10 of the cheapest lease deals you’ll find this May.
1. 2024 Buick Envista
The 2024 Buick Envista is an all-new subcompact SUV model with bold style, small dimensions, and an affordable price for a younger buyer than the brand’s other offerings. It’s upscale and sleek, offering a solid set of standard equipment and several upgrade paths. This lease deal is available to current lessees of 2019 or newer vehicles.
See 2024 Buick Envista models near you
Price: $23,495
Current offer: $4,229 down and $179/month for 24 months
Expires: 6/3/2024
2. 2024 Chevrolet Equinox
If you’re looking for a compact SUV with lots of value, the 2024 Chevrolet Equinox may be a good fit, especially in this month’s special on the entry-level LS trim. Despite being the base model, the Equinox LS comes with wireless smartphone integration, heated side mirrors, automatic high beams, keyless entry, and Chevy Safety Assist, among other features. This offer is valid for current lessees of 2019 or newer vehicles.
See 2024 Chevrolet Equinox models near you
Price: $27,995
Current offer: $3,299 down and $199/month for 24 months
Expires: 6/3/2024
3. 2024 Chevrolet Trax
The 2024 Chevrolet Trax is a subcompact SUV with intelligent looks, fresh tech, and two rows of comfortable seating. It’s well-equipped in base form, but this month’s lease special covers the mid-grade Trax LT, with an 11-inch color touch screen, 8-inch instrument panel display, and available Driver Confidence and Convenience packages that take the equipment and features up another notch. This deal is for current lessees of 2019 or newer vehicles.
See 2024 Chevrolet Trax models near you
Price: $23,395
Current offer: $2,569 down and $249/month for 24 months
Expires: 6/3/2024
4. 2024 Honda Civic
The 2024 Honda Civic is stylish, practical, efficient, comfortable, well-equipped, and can even be fun to drive. This month’s lease deal is for the base Civic LX sedan, although the hatchback is also available for $3,999 down and the same lease payment. Either way, the base LX gets standard smartphone connectivity and the Honda Sensing safety suite.
See 2024 Honda Civic models near you
Price: $25,045
Current offer: $3,599 down and $249/month for 36 months
Expires: 7/8/2024
5. 2024 Hyundai Elantra
The 2024 Hyundai Elantra’s combination of style and efficiency makes it fun, practical, and a remarkable value at this price point. The base SE model includes features like advanced driver aids and wireless smartphone integration, as well as keyless entry, dual-zone climate control, satellite radio, and more. Expert tip: The even better-equipped Elantra SEL is available for the same down payment and another $10 per month.
See 2024 Hyundai Elantra models near you
Price: $22,775
Current offer: $3,499 down and $199/month for 36 months
Expires: 6/3/2024
6. 2024 Hyundai Ioniq 6
Stylish and sleek yet based on the same electric architecture that underpins the popular Ioniq 5 SUV, the 2024 Hyundai Ioniq 6 offers plenty of range, with the base model good for 240 miles and the SE that’s on special this month good for 361 miles of range. Depending on the configuration, the Ioniq 6 can generate up to 320 horsepower in all-wheel-drive (AWD) form, and it packs Hyundai’s latest tech with many avenues for upgrades.
See 2024 Hyundai Ioniq 6 models near you
Price: $43,600
Current offer: $1,999 down and $189/month for 24 months
Expires: 6/3/2024
7. 2024 Kia Forte
The 2024 Kia Forte combines style, space, and tech equipment with value pricing. This month, the Forte LXS on special isn’t the base model but the middle of the range. Standard features include wireless smartphone integration, an 8-inch center display, and Kia’s Drive Wise driver-assist suite. The same model is also available for a 36-month lease term for an additional $10/month.
See 2024 Kia Forte models near you
Price: $21,645
Current offer: $3,499 down and $189/month for 24 months
Expires: 7/8/2024
8. 2024 Kia Niro EV
Electric vehicles are finally becoming more affordable, and the 2024 Kia Niro EV is among the leading wave, with 253 miles of range, DC fast charging capability that can charge from 10% to 80% in less than 45 minutes, and a host of in-cabin tech. It’s also a practical option, with 20% more cargo space than the previous-generation Niro.
See 2024 Kia Niro models near you
Price: $40,975
Current offer: $3,999 down and $169/month for 24 months
Expires: 7/8/2024
9. 2024 Mazda CX-30
The 2024 Mazda CX-30 is one of the only SUVs in its class to deserve mention for its driving dynamics, even when outfitted in base form as in the CX-30 2.5 S that’s on lease special this month. With standard AWD and a base equipment spec that includes a suite of safety tech, a premium interior, rain-sensing wipers, and more, the CX-30 is small but packed with value.
See 2024 Mazda CX-30 models near you
Price: $26,415
Current offer: $3,999 down and $209/month for 36 months
Expires: 6/3/2024
10. 2024 Toyota bZ4X
The 2024 Toyota bZ4X is closely related to the Subaru Solterra EV and shares the same AWD system. With 252 miles of range and a bit more space than the RAV4, the bZ4X is a practical, do-it-all electric SUV with Toyota’s reputation for reliability and longevity behind it. The well-equipped XLE model, on lease special this month, features a panoramic sunroof, LED exterior lighting, wireless smartphone integration, and more.
See 2024 Toyota bZ4X models near you
Price: $44,420
Current offer: $2,999 down and $189/month for 36 months
Expires: 6/3/2024
Cheapest Lease Deals in May 2024
- 2024 Buick Envista
- 2024 Chevrolet Equinox
- 2024 Chevrolet Trax
- 2024 Honda Civic
- 2024 Hyundai Elantra
- 2024 Hyundai Ioniq 6
- 2024 Kia Forte
- 2024 Kia Niro EV
- 2024 Mazda CX-30
- 2024 Toyota bZ4X
Just sent me a link to this(Nov 5th, 2023), and these are all expired(Oct 31, 2023.. Talk about waste of time! Get better… Click bait is the worst.
In researching the 2021 Chevrolet Bolt EV and after communicating with and visiting several dealers, I find no dealer offering any lease that comes close to the terms you state. How do you arrive at your numbers? Is there an offer number or discount code or something similar that you can provide that allows a serious buyer to claim one of the deals you write about?
Without this kind of backup it seems you are simply telling tales out of school.
“You think you got a great lease? Well let me tell you about the one I got!”
Bruce,
Thanks for the heads up! There was indeed a typo in the article and we have edited it accordingly. Note: some of these deals may be regional.
Best,
Rob Nestora