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Deals Alert: 11 Cars with Anticipated Price Drops You Should Know

May 14, 2024

3 min Read

Written by Josephine Nesbit

Edited by T. Woods

©Stellantis Media / Jeep

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Prices on new and used cars are beginning to cool, but they’re still expensive. If you can’t afford to finance a $47,200 vehicle — which was about the average transaction price of a new car in the U.S. in March 2024, per Kelley Blue Book estimates — there are several lease deals offering some significant savings this month.

CarsDirect gathered a number of lease deals together and found price cuts that could save you over $200 per month. Recent price drops are primarily from Toyota and Jeep, including several luxury models. These lease deals are from the Los Angeles region in California, but there may be similar savings in your area. Most of these expire on June 3, so if you spot something you like, check with your local dealership to see what’s offered and whether you qualify.

1. 2024 Toyota RAV4 Prime

Average MSRP: $47,069
Price drop: $220/month
Lease deal: $469/month for 36 months with $2,999 due at signing

2. 2024 Toyota bZ4X XLE EV

Average MSRP: $44,845
Price drop: $193/month
Lease deal: $209/month for 36 months with $1,999 due at signing

3. 2024 Jeep Wagoneer

Average MSRP: $68,640
Price drop: $185/month
Lease deal: $779/month for 42 months with $5,599 due at signing (must select package 25E and be a current lessee for a non-FCA branded vehicle)

4. 2024 Tesla Model X Dual-Motor AWD

Average MSRP: $79,630
Price drop: $112/month
Lease deal: $1,001/month for 36 months with $9,196 due at signing

5. 2024 Hyundai Santa Cruz

Average MSRP: $32,525
Price drop: $90/month
Lease deal: $329/month for 36 months with $3,999 due at signing

6. 2024 Mazda Mazda3 2.5 S FWD

Average MSRP: $25,355
Price drop: $89/month
Lease deal: $248/month for 36 months with $2,999 due at signing

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7. 2024 Kia EV9 Light Long Range RWD

Average MSRP: $60,695
Price drop: $80/month
Lease deal: $419/month for 24 months with $4,999 due at signing (deal ends July 8)

8. 2024 Jeep Grand Cherokee Laredo

Average MSRP: $40,850
Price drop: $69/month
Lease deal: $399/month for 36 months with $4,150 due at signing (deal is for current FCA lessees)