A sign and drive car lease is one in which there is no down payment requirement. In addition, there is also no usual first month’s payment and no security deposit. However the customer will likely have to pay official registration, tag, and title fees, although in some cases these fees can be rolled into the lease such that no cash is necessary at the time of leasing signing.

Sign and drive leases are typically special deals put together by car companies to help sell (lease) their vehicles. Usually, only a few vehicle makes and models are offered with such deals in any given month.