If you’re in the market to buy a new car this month, we suggest you shop the current manufacturer lease and finance incentives to see if a particular offer makes sense for you. A wide array of both luxury and mainstream automotive brands are offering exceptional lease and finance deals as well as a couple cash-back offers during the month of August as automakers move away from large cash incentives and are focusing on special lease and finance offers to help move inventory off the lots.
Manufacturers typically offer promotional deals in the form of cash back (that can help increase your down payment) or low financing rates for a defined term. Meanwhile, particular leasing deals typically offer a combination of low down payment and low monthly payment for a nice short term to keep your out-of-pocket expenses minimal.
These lease and finance deals make August a great month to shop for a new car, so if you’re having a hard time choosing, perhaps these opportunities for savings will help you decide between a lower monthly lease payment or lower upfront and financing costs to get you into your next new car.
Top Lease Deals on New Cars – August 2012
2013 BMW 328i
$399/month for 36 months with $3,874 cash due at signing
Mileage allotment: 10,000 miles/year
BMW combines luxurious comfort and performance into a package that’s become as popular to automotive enthusiasts as white shirts to stock brokers. Powered by a 2.0-liter, inline four-cylinder turbocharged engine producing 240 horsepower and boasting 0 to 60 mph in 5.9 seconds, this rear-wheel drive sedan also claims EPA-estimated fuel economy of 21 mpg city, 28 mpg highway, 24 mpg combined thanks largely to an efficient eight-speed transmission and auto start/stop technology.
2013 Acura ILX
$249/month for 39 months with $1,999 down
Mileage allotment: 10,000 miles/year
Based off the Honda Civic and promising high value and sporty styling, the new four-door ILX is positioned as a gateway vehicle into the Acura brand. With successful 20- and 30-somethings moving into the luxury car ranks as the target customers, this lease offer is positioned to help them get into the driver’s seat. The entry-level ILX is powered by a 150-horsepower/2.0-liter inline four-cylinder engine paired with a Sequential SportShift five-speed automatic transmission and promises an EPA estimated city/highway fuel economy of 24/32 mpg. Those looking for a more dynamic driving experience may want to step up to a 201-horsepower/2.4-liter engine mated to a close-ratio, six-speed manual transmission promising an EPA estimated city/highway fuel economy of 20/29 mpg.
2012 Ford Fiesta SE
$149/month for 24 months with $2,158 down
Mileage allotment: 10,500 miles/year
Ford introduced the Fiesta in 2011 touting its small size, fun packaging, and impressive fuel-efficiency numbers. Available in either hatchback or sedan variants, Ford’s Fiesta subcompact is powered by a 1.6-liter four-cylinder engine mated to your choice of standard five-speed manual or PowerShift six-speed automatic transmission, and boasts such fun amenities as interior lighting, pushbutton start, and the Sync connectivity system that pairs with your smart phone for navigation and infotainment. Fuel economy is rated at 29 mpg city and 39 mpg highway (or 33 combined) with the automatic. On top of all that, this already affordable car touts an extremely affordable lease offer.
2012 Honda CR-V
$320/month for 36 months with $0 down & $0 first month’s payment
Mileage allotment: 12,000 miles/year
Honda makes it easy to lease its CR-V crossover utility vehicle thanks to nothing down and a free first payment. Popular thanks largely to Honda’s strong reputation for quality, the CR-V also offers five-passenger capacity, spacious and functional 37.2 cubic feet of storage behind the second row, and fuel economy rated at 23 city, 31 highway, and 26.8 combined miles per gallon.
2012 Jeep Grand Cherokee
$309/month for 39 months with $2,499 down
Mileage allotment: 12,000 miles/year
The Jeep Grand Cherokee hits the sweet spot of premium on-road performance and legendary Jeep off-road capability while also offering such luxuries as a dual-pane panoramic sunroof and premium wood and leather interior trim. Passenger safety is thanks to standard full-length side-curtain airbags as well as driver and passenger seat-mounted pelvic and thorax airbags. Its lease hits the sweet spot with an affordable cost of entry and a monthly payment cheaper than that of the much smaller CR-V.
Top Finance Offers on New Cars – August 2012
2012 Hyundai Sonata Hybrid
Up to $1,500 cash plus 0% financing for 36 months
Customer cash of $1500 and 0% financing make the 2012 Hyundai Sonata Hybrid an incredibly attractive vehicle for any new car shopper. Beyond its already affordable $26,625 (including destination) MSRP, Hyundai’s hybrid Sonata sedan boasts incredible fuel economy of 35 mpg city, 40 mpg highway, and 37 mpg combined while still offering spirited performance, roomy interior comfort, and lovely styling.
2012 Buick Enclave
0% financing for 72 months
The Buick Enclave SUV provides ample interior and cargo space for family-friendly functionality, with premium interior cabin and well-equipped standard features making it a solid consideration for those who want to drive comfortably with a family aboard, yet don’t necessarily want to drive a minivan. The two-ton Enclave can tow up to 4,500 pounds and comes with only one engine option, a 3.6-liter, six-cylinder engine that produces 288 horsepower and 270 lb.-ft. of torque. Another perk is the four-year, 50,000-mile bumper-to-bumper warranty and five-year, 100,000-mile powertrain coverage. It’s hard to beat 0% financing, so you’ll want to take advantage of this comfortable finance offer on Buick’s most comfortable vehicle.
2012 Mazda Mazda5
0% financing for 36 months plus no payments for 90 days
Not quite a minivan, not quite a crossover vehicle, Mazda’s 2012 Mazda5 is lauded for its practical package that offers generous interior space for up to six with a small exterior footprint that provides efficient fuel economy of 21 mpg city, 28 mpg highway, 24 mpg combined. Underhood, the Mazda5 is powered by a 157-horsepower/2.5-liter four-cylinder engine mated to standard six-speed manual transmission or optional five-speed automatic. With an MSRP that starts at $20,420 (including destination) thanks to 0% financing, and no payments for 30 days, it’s super easy to get into this fun-to-drive people mover.
2012 Chevrolet Malibu
$2,250 cash back or 0.9% financing for 60 months
Chevrolet’s midsize sedan sports a lovely dual-cockpit design and soft-touch materials that make its interior as comfortable as it is stylish. And with up to 33 mpg on the highway from its 2.4-liter four-cylinder engine and six-speed automatic transmission, the Chevrolet Malibu LTZ takes you up to 528 highway miles on a single tank of gas. Choose between a generous $2,250 cash back offer or super affordable 0.9% financing.
2012 Toyota Prius Plug-in
1.9% APR for 60 months
Like its competitors the Chevrolet Volt and Nissan Leaf, the new Prius Plug-in hybrid charges its batteries by plugging into a standard wall outlet for a full charge in three hours from a 120-volt outlet (or about 1.5 hours with 240-volt power). Once charged, the Prius plug-in can travel up to 62 miles on electric power alone, and then shifts into hybrid mode to allow drivers to travel up to 475 miles on a single tank of gasoline after the battery is depleted (not counting any energy the battery recovers from the car’s regenerative braking system).