A cheap car lease is generally one that has low monthly payments, but it can also mean a “subvented” lease that has lower-than-normal payments — a better deal than could be negotiated with a dealer.

Cheapest monthly payments on car leases are typically in the $150-$199 range, subsidized by car companies to create good deals for a limited time. Lower payments can be achieved with larger down payments (cap cost reductions).

Even subsidized luxury car leases can be considered “cheap” when the deals are compared to normal lease deals. BMW has some of the best lease deals of any car company, with much lower payments than a customer could negotiate for themselves.

Without subsidized deals, the way to get a cheap car lease is to select a vehicle that has a high residual value and negotiate a good price on which to base the lease. See Cheapest Car Lease for more details.