Dealers may be eager to get rid of last year’s car models, but when it comes to leasing, you may be better off with the new model year. A recent analysis by SwapALease.com found several examples in which a 36-month lease on a 2015 vehicle is actually cheaper than it is for its 2014 counterpart.
Payments are cheaper on the newest models because the residual value — the amount that it’s worth at the end of the lease — is higher compared with the 2014 vehicles.
These deals can help give you an idea of what to look for while shopping for a lease. In these examples, sales tax and down payments are factored into the monthly lease.