We reviewed most recent lease specials to identify February’s top car lease deals. These offers include incentives that aren’t available when purchasing a vehicle and may feature loyalty discounts or special price reductions for those switching from a different car brand.
The best car lease options this February start as low as $149 per month. Many of the deals listed below present an opportunity to drive a higher-end vehicle at a lower cost, thanks to aggressive 2025 incentives. Electric vehicles continue to offer some of the most attractive lease specials available.
Because these are manufacturer lease examples and actual pricing depends on dealership supply and demand, it’s essential to shop around to secure the best lease rates. Availability may be limited, and some offers may vary based on your location.
Hyundai Sonata Car Lease Deal
Monthly Payment: $229
- Term: 36 Months
- Due at Signing: $3,499
- Mileage Allowance: 10,000 mi/yr
- MSRP: $28,900
The 2024 Hyundai Sonata ranks among the best midsize cars to lease. With an effective monthly cost of $326, the Sonata SEL presents an excellent value, bolstered by a $2,750 factory incentive. Remarkably, leasing the Sonata is only $20 more per month than the 2025 Hyundai Elantra SE, which has an effective cost of $306.
The 2025 Hyundai Sonata remains a top contender in the midsize sedan category. It is available as both a traditional gas-powered sedan and a hybrid, offering buyers the flexibility to choose between fuel efficiency and conventional performance.
Additionally, the Sonata provides the option of either front-wheel drive or all-wheel drive, enhancing its appeal to a wide range of drivers.
In the previous model year, the Sonata underwent a significant styling update. These design changes gave it a bolder and more dynamic look—an important factor for sedans as they strive to remain competitive in a market heavily dominated by SUVs.
Given the extensive refresh in 2024, the 2025 Sonata enters the new model year without any major updates, maintaining the enhancements introduced in its previous redesign.
Subaru Outback Car Lease Deal
Monthly Payment: $299
- Term: 36 Months
- Due at Signing: $3,049
- Mileage Allowance: 10,000 mi/yr
- MSRP: $30,290
The 2025 Subaru Outback remains a standout lease deal at $299 per month, slightly lower than last month’s $305 rate. With an effective monthly cost of $384, it’s $2 per month cheaper to lease than the 2025 Crosstrek, despite a $3,200 MSRP difference.
Returning customers should ask their dealer about Subaru’s $500 loyalty discount for lessees. Additionally, Subaru VIP Pricing may be available for members of qualifying organizations. This Outback lease deal is valid through February 28th.
Volkswagen ID.4 SUV Lease Deal
Monthly Payment: $189
- Term: 24 Months
- Due at Signing: $999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $44,855
The 2024 Volkswagen ID.4 S is now available for lease in California and CARB-emission states at just $189 per month for 24 months with $999 at signing. Its effective cost of $231 makes it one of the most affordable SUVs to lease ahead of Presidents’ Day.
Recent ID.4 price reductions stem from an increase in lease cash incentives and a money factor equivalent to 0% APR. In particular, the higher-end ID.4 Pro saw a 78% boost in savings. However, keep in mind that the ID.4 S has a range of 206 miles, while other trims can reach up to 291 miles.
Hyundai IONIQ 5 SUV Lease Deal
Monthly Payment: $199
- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 12,000 mi/yr
- MSRP: $43,975
The newly refreshed 2025 Hyundai IONIQ 5 SE Standard Range is already one of the top lease deals. Available through March 3rd, this model can be leased for an effective monthly cost of just $366.
According to a dealer incentive bulletin, the updated SUV benefits from an impressive $10,000 manufacturer incentive.
Although this lease example is based on Southern California pricing, similar rates are appearing in other regions.
For additional savings, Hyundai is offering a $1,000 conquest cash incentive for those switching from a competing brand. With these added incentives, the effective cost could drop to around $300 per month.
For those willing to opt for the previous model, the 2024 Hyundai IONIQ 5 presents an even more affordable option, with lease payments starting at just $159 per month—a $40 monthly savings compared to the 2025 version.
This still makes it one of the best EV lease options available. Additionally, Hyundai’s Single Pay lease program may offer even better terms, so be sure to ask your dealer for details.
Also Read: 10 Most Anticipated SUVs of the Year Bringing Innovation and Performance
Honda Prologue SUV Lease Deal
Monthly Payment: $239
- Term: 36 Months
- Due at Signing: $1,399
- Mileage Allowance: 10,000 mi/yr
- MSRP: $48,850
The 2024 Honda Prologue remains the most affordable Honda vehicle to lease, even with an MSRP approaching $49,000.
Previously, the best Prologue lease deals were exclusive to California residents, but as of last month, buyers in Zero Emission Vehicle (ZEV) states—including Colorado, New Jersey, New York, and Oregon—can access the same offers.
For customers eligible for Honda’s $1,000 lease loyalty discount (or conquest offer for switching from another brand), the Prologue’s effective monthly cost can be as low as $278.
Without the loyalty discount, the cost increases by roughly $30. In states outside the ZEV market, lease terms start at $299 per month with $1,399 due at signing ($269 with loyalty). This offer is available until March 3rd.
Subaru Solterra SUV Lease Deal
Monthly Payment: $279
- Term: 36 Months
- Due at Signing: $279
- Mileage Allowance: 10,000 mi/yr
- MSRP: $46,340
The 2024 Subaru Solterra continues to be the most budget-friendly leasing option from Subaru.
With an effective monthly cost of $287, it is $99 cheaper per month than the 2025 Subaru Crosstrek ($386). Given that the Solterra’s MSRP is nearly $20,000 higher, this lease represents a significant value upgrade.
This pricing applies to California and New York. In other regions, lease prices are slightly higher at $329 per month with $329 due at signing.
Notably, this is a no-money-down lease, meaning the upfront cost covers only the acquisition fee and the first month’s payment. This offer is valid until February 28th.
While the Solterra isn’t known for rapid charging, it does come standard with all-wheel drive and offers a range of up to 228 miles, depending on the trim.
With a $287 effective monthly cost in Southern California, it is more affordable to lease than the 2024 Toyota bZ4X ($296).
Lexus ES Luxury Car Lease Deal
Monthly Payment: $419
- Term: 36 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $43,715
The 2025 Lexus ES includes a $3,000 lease incentive in certain areas. On the West Coast, the ES 350 has an effective monthly cost of just $530, which is $80 less than the lowest advertised lease for the 2024 IS 300, despite the ES 350 and IS 300 having nearly identical MSRPs. This offer is available until February 3rd.
BMW i4 Luxury Car Lease Deal
Monthly Payment: $459
- Term: 36 Months
- Due at Signing: $5,389
- Mileage Allowance: 10,000 mi/yr
- MSRP: $60,425
The 2025 BMW i4 has an effective cost of $609 in most regions. This lease offer applies to the i4 eDrive40 and includes $8,500 in lease credits. Because the i4 is not eligible for federal tax credits when purchased, leasing may be the more attractive option.
BMW’s BEV Conquest Program offers an additional $1,000 discount for customers switching from another EV or plug-in brand.
This discount does not require a trade-in and can be transferred to other household members. This offer expires on February 28, 2025.
Toyota Tacoma Truck Lease Deal
Monthly Payment: $269
- Term: 36 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $41,013
Prices & Deals
The 2024 Toyota Tacoma is a surprisingly affordable leasing option. In Southern California, the Tacoma SR5 4×2 Double Cab has an effective monthly cost of $380.
While Toyota does not offer the same aggressive lease discounts seen on other trucks, the Tacoma’s strong residual value keeps it competitive. Toyota incentives vary by region, and this lease offer ends on March 3rd.
Also Read: How High Car Insurance Rates Are Driving People Into Financial Trouble in the U.S.
The best lease deals are usually found on vehicles with high residual values. Some manufacturers balance this out with generous lease cash incentives.
Brands like Buick, Hyundai, and Kia frequently offer strong lease incentives. Honda leases often include a $500 loyalty discount, while Chevrolet may offer lease conquest incentives up to $1,500 for those switching from a non-GM brand.
Yes, lease pricing is typically based on strong credit. For example, Kia’s lease rates assume Tier 1 or Tier 2 credit, meaning a FICO score of 720 or higher. Those with lower credit scores may face higher rates.
Lease incentives are region-dependent. Honda’s offers tend to be national, whereas Toyota’s lease pricing varies significantly by location. Infiniti and other brands often provide better deals in leasing-heavy states like California, New York, and Florida.
Advertised lease prices serve as promotional examples, but the actual cost depends on local dealerships, vehicle configurations, and optional add-ons. Additionally, factory lease offers do not include dealer markups, taxes, or fees, which can influence the final lease cost.
Lease loyalty discounts reward customers for staying with the same brand and may apply even without a trade-in. In many cases, these offers can be extended to members of the same household.
Lease conquest incentives encourage customers to switch brands. These offers often require the customer to have an active lease on a qualifying competitor vehicle.