Best New Car Lease Deals for November 2020

Quite an election, huh? Well, life goes on. And you need to lease a new vehicle because life goes on. So, here are 10 factory-supported deals for November to start your whirlwind adventure in the late-2020 leasing universe.

Whatever the COVID-19 reality, the vehicle market has adjusted to account for it. The insanity that gripped dealers to move inventory back in April and May is now a distant, fading memory.

Embrace the moment and get ready to do the hard work: research. These factory deals are only a start. Maybe your bank, your credit union, or some leasing company has a better deal available. Maybe your clever accountant has some super-sweet scheme to get all the lease costs written off on your taxes. Maybe your tax attorney is more creative than Lin-Manuel Miranda. Just do the work.

A lease is a financial transaction and should be treated with the same seriousness as getting a mortgage, buying bulk commodities, or financing your kids’ college educations. It’s a bottom-line judgement made by a customer to enter into a legal contract. Don’t just assume a lease is the right thing to do. Know if the lease works to your best advantage.

A new-vehicle lease lasts a few years. Fewer of us are in more stable situations than in, say, 2019. Or 1958. What seems rock solid now may well be shifting sand in a few moments. Maybe actually purchasing something new or used is a better strategy right now instead of taking on the contractual obligations of a lease. It may even be best to do nothing at all.

Whatever your decision, you’ll have to live with it. So know yourself and know your money.

Negotiate, Negotiate

The cost of a lease is rather straightforward. You (the lessee) pay for the depreciation of the vehicle over the lease term and the cost of the money the lessor is using to purchase the vehicle, plus fees such as security deposits, acquisition fees, disposition charges, and anything else the creative accountants can come up with. Basically, you pay some of the capital costs and fees up front in the form of your initial payment and then a monthly charge that varies with expense and depreciation.

Always shop for the money first, don’t negotiate solely on the basis of monthly payments, and never be afraid to ask for a little more sugar to sweeten the deal.

2020 acura ilx

Acura

$219 per month/$2799 at signing
36 months/30,000 miles
35 cents per mile

It’s small, but it’s also kind of sweet. And Acura’s small sedan’s lease is aggressively priced for a luxury brand. The lease includes 30,000 miles over three years, and commuting can chew through that easily. Know your habits.
Offer ends January 4.

2020 chevrolet blazer

Chevrolet

$259 per month/$1809 at signing
36 months/30,000 miles
38 cents per mile

Yeah, it’s not the crazy old super-mudder Blazer. But the current Blazer is a pleasant two-row crossover-like thing. This nationwide deal is for anyone coming out of their own lease–on a GM vehicle or any other brand. But are two rows enough?
Offer ends November 30.

2020 chevrolet traverse

Chevrolet

$329 per month/$2079 at signing
36 months/30,000 miles
47 cents per mile

In a fundamental way, the Blazer is a two-row version of the three-row Traverse. And vice versa. What’s an additional row of seating worth? About nine cents per mile over the course of a three-year, 30,000-mile lease. Is that fair? You decide. Both the Blazer and Traverse leases are advertised as national offers.
Offer ends November 30.

2020 chrysler pacifica hybrid

Chrysler

$399 per month/$2489 at signing
36 months/30,000 miles
56 cents per mile

Chrysler will be significantly updating its classy Pacifica minivan for 2021. But there are still 2020 models on the lot. Here’s a factory deal in the New York City area on the parsimonious 2020 hybrid model, in the luxurious Limited trim, at a reasonable $399 per month.
Offer ends November 30.

2021 hyundai sonata

Hyundai

$189 per month/$2899 at signing
36 months/30,000 miles
33 cents per mile

Also…

$209 per month/$2799 at signing
36 months/30,000 miles
35 cents per mile

Hyundai presents its customers with a dilemma. Go for the compact Elantra sedan at $189 per month? Or spend another 20 bucks a month and get the super-posh mid-size Sonata? It pencils out that the Sonata is two cents per mile more expensive and may be worth it. You decide.
Offers end January 4.

2021 jaguar f type

Jaguar

$579 per month/$3521 at signing
36 months/30,000 miles
79 cents per mile

Nearly an exotic car, the Jaguar F-type two-seater can be had on a factory lease that’s not much more expensive than what’s offered on many mainstream crossovers. The F-type here is powered by a turbocharged 296-hp 2.0-liter four-cylinder. Hey, compromises must be made. But it looks great, handles great, and most people won’t know. This offer, with $3521 due at signing, is available in Southern California. Similar deals in other regions come with slightly different buy-ins.
Offer ends November 30.

2020 toyota gr supra

Toyota

$449 per month/$3399 at signing
36 months/36,000 miles
59 cents per mile

Is the Jaguar F-type too, well, British and hoity-toity for you? Then how about Toyota’s somewhat similar two-seater, the resurrected Supra also powered by a turbocharged four-cylinder engine? This one makes 255 horsepower. This deal is offered in the Chicago area, but slightly tweaked and not-quite-as-cheap deals are available in other regions. If you live a life in which choosing between the Supra and F-type is a true dilemma, you have a dang fine life.
Offer ends November 30.

2020 ram 1500 classic

Ram

$279 per month/$3860 at signing
36 months/30,000 miles
47 cents per mile

It’s the old Ram body style, but it is a four-by-four and it’s a Warlock. And it’s powered by the 3.6-liter Pentastar V-6 that FCA puts in everything, including the hash served in the cafeteria. But $279 a month is cheap. This offer is in Southern California, and slight variations are offered in other regions.
Offer ends November 30.

2020 subaru forester

Subaru

$265 per month/$2465 at signing
36 months/36,000 miles
33 cents per mile

Forest rangers are our friends. They help us find good campsites, sensibly manage our resources, and save our butts when we do something stupid. We like forest rangers. And everyone likes the Subaru Forester compact SUV, too. Here it is in 2020 form for only $265 per month. If you want a 2021 model, it goes up 10 bucks a month and 10 bucks more at signing. The offer is apparently good everywhere in the country. Except Hawaii. Because we’re all jealous of Hawaii.
Offer ends November 30.

2021 toyota prius

Toyota

$219 per month/$1999 at signing
36 months/36,000 miles
28 cents per mile

Has the sheen worn off Toyota’s Prius? Are there too many hybrids out there hogging the spotlight? Is what was once iconic now forgotten? Maybe. But here’s the Prius LE for only $219 per month after only $1999 at signing in Southern California on a three-year/36,000-mile lease. Other regions get similar deals, but slightly different.
Offer ends November 30.

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