Top 10 Cheapest SUV To Lease Canada (2022)

For many people, leasing a car is a better option than purchasing a new one. A lot of advantages comes with leasing a car as the monthly payment is lower, and repairs are usually covered for the term of the lease while you don’t have to worry about a drop in resale values.

The Kia series is known for having the cheapest lease deals pricing, but the likes of  Jeep and Hyundai have been known for being expensive.

Cheapest SUV To Lease in Canada

1. 2022 KIA Soul LX BM

Price: 224 CAD/month

The Kia Soul is a five-seat hatchback that is stylish, fuel efficient, spacious, and affordable. It loses some character for 2022, as the manual transmission is no longer available, but comes with some new technology. The Soul LX features a standard 8.0-inch touchscreen, keyless entry, and wireless smartphone charging. The base engine is a 2.0-liter inline-4 with 147 horsepower and a CVT transmission. It’s not fast, but it’s quick enough for around town and gets 31 mpg. 

2. 2022 KIA Soul LX BA

Price: 267 CAD/month 

The Kia Soul BA comes with a better features than the previous models. It comes with a 1.6-liter turbo mill producing up to 201 horsepower and 195 lb-ft of torque. This year’s changes are minimal, with the only visible difference being the use of the modern new Kia logo in place of the old oval one. The base LX’s display has been increased in size from seven to eight inches, and all other models now have a 10.3-inch display as standard. The Technology package adds alloy wheels and additional safety features to the LX, including blind-spot monitoring, automatic emergency braking, and lane-keep assist.  Some of the standard features include; wireless smartphone charging, additional two USB ports, push-button start, and dual-zone climate control. 

3. 2022 Chevrolet Trax LS 

Price: 283 CAD/month

The Chevrolet Trax is a subcompact SUV that can seat up to five people if the three backseat passengers are willing to sit close together. It has a 155-horsepower turbocharged 1.4-liter four-cylinder engine mated to a six-speed automatic transmission. Front-wheel-drive and all-wheel-drive models are available.

It has a 7-inch touchscreen multimedia system, Android Auto and Apple CarPlay, smartphone connectivity, a 4G LTE Wi-Fi hot spot, a 60/40 split, and a folding backseat.

4. Nissan Kicks S 2022 

Price: 290 CAD/month

The Nissan Kicks 2022 is a stylish and user-friendly small crossover with plenty of front occupant space. Its infotainment system was greatly improved by a major upgrade last year, and it receives high marks for fuel economy and its standard suite of advanced driver assistance systems. These are all positive characteristics, but the Kicks lacks power and has significantly less cargo space than most competitors, even those that appear to be smaller on the outside.

All three Kicks are powered by a 1.6-liter four-cylinder engine producing 122 horsepower and 114 pound-feet of torque and mated to a CVT that drives the front wheels. The Kicks lacks AWD and makes no pretense of being an off-roader. When strained, the CVT whines, and highway acceleration is slow. The interstate can be noisy, and the noise level increases as you speed up.

5. 2022 Nissan Qashqai S 

Price: 318 CAD/month

The Nissan Qashqai has been such a success for the Japanese manufacturer that it is commonly referred to as the ‘Qashcow’ in the industry. Built at the Sunderland plant in the United Kingdom, it has done well since its introduction in 2006 as the forerunner of what is now considered the modern crossover trend.

Back then, its main competitors were models like the Toyota RAV4 and Honda CR-V, but the Nissan Qashqai has now taken over.

6. 2022 Jeep Wrangler Sport

Price: 318 CAD/month

The interior of the 2022 Jeep Wrangler is designed to complement the exterior. When you’re inside, there’s no mistaking it for another vehicle. The standard Wrangler comes with a basic 5-inch touchscreen for basic audio/car controls, but the optional 7- or 8.4-inch touchscreens are highly recommended for their additional feature content and user-friendly functionality. The vehicle comes with a 3.6-liter V6 engine with 285 horsepower and 260 pound-feet of torque. A six-speed manual transmission is standard, with an eight-speed automatic transmission available as an option. Automatic stop/start is also standard on all powertrains except the 392.

7. 2022 Jeep Renegade Sport 

Price: 321 CAD/month

The 2022 Jeep Renegade comes standard with a black-themed Altitude Package on the Latitude trim, a larger infotainment system, and new exterior styling touches on the Limited trim.

The Renegade has only one engine option which is the 1.3-liter turbocharged four-cylinder producing 177 horsepower and 210 pound-feet of torque at 1,750 RPM. All-wheel drive is standard on all trims except the Sprot, which is a $900 option. The all-wheel-drive Renegade gets 23 mpg city, 29 mpg highway, and 26 mpg combined, while the front-wheel-drive Sport gets 27 mpg combined.

8. Hyundai Venue 2022 

Price: 322 CAD/month

For the 2022 model year, there are no significant changes to the Venue lineup. Hyundai, on the other hand, decides to rename the top-tier Denim trim. While the funky fabric moniker was endearing, the switch to the Limited model name better aligns with the marketing hierarchy of the brand’s other products.

Every Venue is powered by a 121-hp four-cylinder engine that provides adequate motivation in town but has no passing power on the highway. The only transmission option is a continuously variable automatic transmission (CVT). Customers looking for an all-wheel drive will be disappointed because all models are only available in front-wheel drive.

9. Hyundai Kona 2022 

Price: 337 CAD/month

The 2022 Hyundai Kona is a subcompact SUV that provides a lot for a low price. The Kona receives its first major redesign since its 2018 debut for the 2022 model year. It looks sharper and sleeker than its predecessors from the outside, and a new N Line trim adds a distinctly sporty look. Interior changes are more subtle, with a redesigned center stack (where the dashboard meets the center console) as well as new materials and ambient lighting.

A larger 8-inch touchscreen, as well as wireless connectivity for Apple CarPlay and Android Auto smartphone integration, are standard for 2022.

10. 2022 Dodge Journey 

Price: 341 CAD/month

The 2022 Dodge Journey is powered by a 1.5-liter turbocharged engine with 169 horsepower and 195 pound-feet of torque, mated to a six-speed automatic transmission. Even on rough roads, the McPherson independent front suspension and multi-link independent rear suspension provides a smooth ride. The 2022 Dodge Journey has a larger grille with a gloss black finish than the Trumpchi GS5, giving it a more premium appearance. It also has LED headlights and, depending on the trim, 18-inch or 19-inch alloy wheels.


The cheapest cars to lease are those with a low monthly payment around 200 CAD combined with a high residual value. However, lease payments vary depending on the type of vehicle being leased and the value it offer.

Hence, it’s important to select the right vehicle that fits your budget to avoid putting a hole in your pocket.


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