The Cheapest Lease Deal in America
If you're just looking for the cheapest monthly payment on a lease, you don't mind driving an electric vehicle, AND you live in California, then I've got good news.
The leftover 2016 Ford Focus Electric is America's cheapest lease deal, coming in at only $119 per month with only a $699 down payment. This is after taking advantage of California's $2,500 rebate on electric vehicles.
Ford added close to $2,000 in incentives compared to last month on this vehicle, dropping the monthly payment by $50.
Other electric vehicles such as the 2016 Nissan Leaf and 2016 Kia Soul are also leasing for sub-$200 payments, but none come close to the Focus deal.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid