Car Lease Deals, Car Leasing

Which is Currently the Best Overall Car to Lease for $300/Month?

by Raul Tomsa

The Subaru Crosstek topped the list as the best overall car for the month of March, advertising offers of $219/month and a down payment of $1,999 for 36 months. In fact, Subaru has a compelling lineup of vehicles that lease for under $300/month with less than a $2,000 down payment.

But don’t put too much stock in promotional deals. The deals will undoubtedly change going forward. Each month, there will be a quality vehicle that you can score for under $300/month. Depending on your credit, history of auto-loans/leasing, down payment, and ability to negotiate, you could find a deal for $300/month on more desirable, high-quality, dependable vehicles.

For Example

The 2018 Volvo S60 T5 Dynamic

Let’s say you want to lease a brand new 2018 Volvo S60 because they are extraordinarily safe, getting top honors from Kelly Blue Book for sedans. In this example, we’re going to consider safety as the main factor for choosing our best overall car.

The Volvo S60 has an MSRP of $34,000. With a $1000 down payment, 2.9% interest, and a 2-year lease (a typical length for a car lease), each monthly payment will be $282. This example doesn’t include sales tax because that can vary from place to place. However, it clearly shows that even while Volvo may not be advertising a low monthly lease payment, it is possible to lease one of their vehicles at a reasonable cost.

It Mostly Depends on You

Like I said earlier, it depends on credit scores and a multitude of other factors. Ever heard the words “well-qualified lessee?” You probably have, and it means having good credit and a long history of on-time auto loans and/or leasing. Ultimately, however, it depends on negotiating.

Negotiating is quite possibly the most important aspect of starting a new lease. Don’t get caught up negotiating only the monthly payments or the annual mileage. Instead, take your time and negotiate all aspects of the purchase: fees, monthly payments, residual values, etc. Don’t assume that something’s non-negotiable because it’s never mentioned. Additionally, if you’re trading in, negotiate the value of your trade-in vehicle.

Ask questions. Be persistent. You’ll be happy you did.

If you’re not a fan of negotiation, there are places like Carlease.com where you can take your time entering your credit, your desired lease length, your desired car, and more. You can customize every aspect of the car lease and even have the car delivered to your doorstep. With us, there’s really no point in going to a dealership at all.

Raul Tomsa

I help clients across the country understand and navigate the leasing process.