[2023] What Time of Year Are the Best Lease Deals?

Are you in the market for a new car lease? If so, you’re probably wondering when the best time of year is to snag the best lease deals. Well, you’re in luck! Our team at Car Leases™ has done the research and gathered all the information you need to know. So, buckle up and get ready to discover the optimal time to lease a car and score a great deal!

Quick Answer
Quick Tips and Facts
The End of the Month/Quarter
Holidays/Off Peak Times
March and September: After the Release of a New Model
Weather/Seasonal Considerations
Other Top Tips for Getting a Great Lease Deal
Worst Time of Year To Lease A Car
FAQs
Conclusion
Recommended Links
Reference Links

Quick Answer

The best time of year to find the best lease deals on cars is typically at the end of the month or quarter when dealerships and salespeople are trying to meet their targets. Additionally, holidays and off-peak times like Black Friday, Cyber Monday, and Christmas can also be great opportunities to find discounted lease deals. March and September, when new car models are released, are ideal times to get a lease deal on older models as dealerships want to make space for the new models.

Quick Tips and Facts

Before we dive into the details, here are some quick tips and facts to keep in mind:

Dealerships and salespeople are more likely to offer discounted lease deals at the end of the month or quarter.
Holidays and off-peak times like Black Friday, Cyber Monday, and Christmas are great opportunities to find discounted lease deals.
March and September, when new car models are released, are ideal times to get a lease deal on older models.
Weather and seasonal considerations can also affect the best time to lease a car.
Being flexible with lease terms and considering a larger initial payment can help you secure a better lease deal.

Now, let’s explore each of these factors in more detail.

The End of the Month/Quarter

At the end of the month or quarter, dealerships and salespeople are often trying to meet their targets. This creates an opportunity for you to negotiate a better lease deal. They may be more willing to offer discounts or incentives to close a deal and meet their sales goals. So, if you can time your lease agreement to coincide with the end of the month or quarter, you may be able to secure a better deal.

Holidays/Off Peak Times

Holidays and off-peak times can also be advantageous when searching for the best lease deals. During holidays like Black Friday, Cyber Monday, and Christmas, dealerships may offer special promotions or discounts to attract customers. These times are typically less busy for car dealerships, so they may be more motivated to make deals. Take advantage of these opportunities to find great lease deals.

March and September: After the Release of a New Model

March and September are prime months for finding discounted lease deals on older models. Why? Because these are the months when new car models are released. Dealerships want to make space for the new inventory, so they may offer attractive lease deals on the previous year’s models. If you’re not concerned about having the latest model, consider leasing during these months to take advantage of the discounts.

Weather/Seasonal Considerations

Believe it or not, weather and seasonal considerations can also impact the best time to lease a car. For example, if you’re interested in leasing a convertible, it’s best to do so before summer when demand for convertibles is higher. On the other hand, if you’re looking for an SUV, leasing before winter may be a good idea as dealerships may offer incentives to move inventory. Consider the type of vehicle you want and the season when making your leasing decision.

Other Top Tips for Getting a Great Lease Deal

In addition to timing your lease agreement, here are some other top tips for getting a great lease deal:

Research similar cars: Don’t limit yourself to just one make or model. Research similar cars to find the best lease deals and options that suit your needs.
Be flexible with lease terms: Being open to different lease terms, such as a longer or shorter lease period, can give you more negotiating power.
Consider a larger initial payment: Making a larger initial payment can help lower your monthly lease payments and potentially secure a better deal.
Be prepared to wait for a factory order deal: If you’re not in a rush to lease a car, consider placing a factory order. This allows you to customize the car to your preferences and potentially negotiate a better deal.

Worst Time of Year To Lease A Car

While there are optimal times to lease a car, there are also times when it may not be as advantageous. The beginning of the month, quarter, or year is generally not the best time to lease a car. Dealerships are less likely to offer discounted deals during these periods, as they have less incentive to do so. Additionally, when the market is hot and demand is high, dealerships may have less motivation to offer discounts. Keep these factors in mind when planning your car lease.

FAQs

What month is the best to lease a car?

The best month to lease a car depends on various factors, including the release of new models and dealership sales targets. However, March and September are generally good months to find discounted lease deals on older models.

Is end of year the best time to lease a car?

The end of the year, particularly around December, can be a great time to lease a car. It’s the end of the month, quarter, and year, and dealerships may offer cheaper deals during this quieter time of the year.

Is leasing a car a good idea in 2023?

Leasing a car can be a good idea in 2023, especially if you prefer driving a new car every few years and want lower monthly payments compared to buying. However, it’s important to consider your personal financial situation and driving needs before making a decision.

What is the best lease period?

The best lease period depends on your preferences and needs. Lease terms typically range from 24 to 48 months. A shorter lease period may offer more flexibility, while a longer lease period may result in lower monthly payments. Consider your budget and how long you plan to keep the car when choosing a lease period.

Conclusion

In conclusion, the best time of year to find the best lease deals on cars is typically at the end of the month or quarter, during holidays and off-peak times, and after the release of new car models. Weather and seasonal considerations can also play a role in the best time to lease a car. By considering these factors and following our top tips, you’ll be well-equipped to secure a great lease deal. Happy leasing!