The two factors that affect your monthly lease payment are the price of the car and how much depreciation it’s expected to have. The less a car is worth when you turn it in, the lower your monthly payments will be. So for smaller cars, like subcompacts and compact cars, you’ll generally pay less than mid- or full-size models.
Here are some of our favourites; be sure to check out their prices on leaseloco.com.
1. Chevrolet Spark
The Chevrolet Spark is a small car with a small price tag, and that’s not just for the lease. It’s great for city driving and parking. The Chevrolet Spark is the perfect example of a vehicle that has low miles per gallon (MPG), but you can still get around in style without breaking the bank!
2. Nissan Sentra/ Kia Optima
Do you love the idea of a compact car but don’t have the budget to afford one? If so, consider leasing a Nissan Sentra or Kia Optima. Both cars are reliable and are good for families and people who like to drive.
Both cars have pretty good fuel economy too. The 2018 Nissan Sentra gets an EPA-estimated 30 MPG in combined city/highway driving, while the 2018 Kia Optima clocks in at 28 MPG. In comparison, many large sedans get about 20 MPG on average.
The larger size of these compact sedans means they can accommodate five passengers comfortably (though some models will fit six). Plus, there’s plenty of cargo space if you need to haul something bulky or your pets and kids require extra room when travelling (and you don’t want them crammed into your back seat like sardines!).
3. Chevrolet Malibu/ Ford Fusion
If you want a large vehicle without the price tag, consider the Chevrolet Malibu and the Ford Fusion. These two cars are both considered to be mid-sized, and they have plenty of features that will make you feel like you’re driving something much larger than their size would suggest. The Malibu has a V6 engine, while the Fusion comes with a standard V6 or optional turbocharged four-cylinder engine.
Both of these vehicles come standard with power windows and locks, as well as a backup camera system that makes parking easier than ever before.
4. Hyundai Elantra
If you’re looking for a good option if you want to lease a car but don’t have much money, then the Hyundai Elantra is a great choice. It has excellent reviews and comes with an impressive warranty that will keep your mind at ease when driving. The lease price is also very low compared to some other cars on this list, making it an ideal option for those looking for their first car, as well as those who just want something more affordable than what they would normally get.
One thing to keep in mind about the Elantra is that it does not come with all of the fancy features that some other vehicles offer (like heated seats or satellite radio). However, these aren’t necessary things when it comes down to driving around town every day – you can always upgrade later if need be.
5. VW Jetta / Nissan Maxima
This is a mid-size car, which means it’s a little bit bigger than a compact car but not quite as big as an SUV. It’s also one of the best options for commuting. The Nissan Maxima has a V6 engine with 268HP and 248 lb-ft of torque, so it’ll get you where you need to go quickly and comfortably.
The VW Jetta has a turbocharged 4-cylinder engine that puts out 170HP and 184 lb-ft of torque—not as much power or torque as the Nissan Maxima but still plenty for getting around town or on the highway if you’re not planning on doing any long drives (or driving in snow).
Considerations When Leasing a Car
Leasing is a great way to get into a new car, but you need to be aware of what kind of car you want to lease, and the price that comes with it.
For example, if you want to lease a small car, such as the Nissan Micra or Kia Picanto, then your mileage restrictions might be limited. This means that you can only drive so many miles each month before additional charges kick in. If this sounds like something that would impact your lifestyle too much, then this might not be the right option for you. On the other hand, if you have an active lifestyle and find yourself travelling around more than average, then leasing could still work out cheaper than buying outright over time, even with those extra costs involved.
You should also consider whether or not a small car is right for you. While the savings may be a vital consideration, ensure you’ll have enough space for all your passengers and cargo – you don’t want to have to compromise on comfort when taking the whole family out for the day.
It’s also crucial to compare the key terms and conditions of the lease deal before signing the contract. Make sure you understand your milage limitations, the length of the lease deal, and whether you have the option to buy the car at the end. Also take note of any small print, including early exit fees, so you understand fully what you are getting into before signing your name on the dotted line.
As you can see, leasing a small car with excellent MPG is more affordable than it is with bigger cars. If you want to drive something that’s not too big and not too expensive, then this may be the right way for you to go. If you want more information on how leasing works or if it’s right for your needs, don’t hesitate to get in touch with Lease Loco to find the best car for you and your family at a price you can afford.