February is the perfect time to find deals on sport-utility vehicles from both the current and previous model years. Manufacturers are lowering annual percentage rates and upping incentives in a push to clear the lots of older models. For those who are looking for a new SUV to lay down some tax return money on, here are the best SUV lease and purchase deals for February of 2012.

GM

General Motors is offering specials on both the Chevrolet and GMC lines of SUV. The following are the best lease deals available:

2012 Chevy Equinox 2WD w/LEA/1LS        $269/month for 39 months with $1,309 due at signing

2012 Chevy Traverse 2WD w/1LS                 $299/month for 39 months with $1,749 due at signing

2012 Chevy Tahoe 2WD w/1LS                    $459/month for 39 months with $2,679 due at signing

2012 Chevy Suburban 2WD w/1LS               $499/month for 39 months with $3,019 due at signing

If you’re looking for purchase incentives, here are a few of the 2012 models:

2012 GMC Acadia                 0% APR for up to 60 months or up to $1,500 Consumer Cash

2012 GMC Yukon                  3.9% APR for up to 60 months or up to $1,000 Consumer Cash

2012 GMC Terrain                              2.9% APR for up to 60 months

2012 Chevy Traverse              0% APR for up to 60 months or up to $1,500 Consumer Cash

2012 Chevy Suburban                        3.9% APR for up to 60 months or up to $1,000 Consumer Cash

2012 Chevy Tahoe                  3.9% APR for up to 60 months or up to $1,000 Consumer Cash

Of course, there’s also the 2011 line:

2011 GMC Acadia                 0% APR for up to 72 months or up to $2,000 Consumer Cash

2011 GMC Yukon                  0% APR for up to 72 months or up to $3,500 Consumer Cash

2011 GMC Terrain                              0% APR for up to 60 months

2011 Chevy Equinox                          0% APR for up to 60 months

2011 Chevy Suburban                        0% APR for up to 72 months or up to $3,500 Consumer Cash

2011 Chevy Tahoe                  0% APR for up to 72 months or up to $3,500 Consumer Cash

2011 Chevy Traverse              0% APR for up to 72 months or up to $2,000 Consumer Cash

Ford

Ford isn’t going overboard on lease incentives this month, but they are offering a couple worth checking out:

2012 Ford Edge SE                $199/month for 24 months with $3,893 due at signing (-$1,000 for current competitive leases, for a total of $2,893 due at signing)

2012 Ford Escape XLT          $189/month for 24 months with $3,613 due at signing (-$1,000 for current competitive leases, for a total of $2,613 due at signing)

Purchase incentives are still offering very low APRs and lots of cash back from the leading American automaker:

2012 Ford Flex                       0% APR for up to 60 months + $1,000 Bonus Cash or up to $3,000 Customer Cash

2012 Ford Escape                   0% APR for up to 60 months + $500 Bonus Cash or up to $2,000 Customer Cash

2011 & 2012 Ford Expedition                        0% APR for up to 60 months or up to $3,000 Customer Cash

2012 Ford Explorer FWD       3.9% APR for up to 60 months or up to $1,500 Customer Cash

2012 Ford Edge                      4.9% APR for up to 60 months or up to $2,500 Customer Cash

2011 Ford Edge                      0% APR for up to 60 months or up to $2,500 Customer Cash

Chrysler

Dodge is sticking with lease incentives for the month of February, but not much else. Here are the hot deals, but Chrysler is going to need to give consumers more incentive to buy than this if they want to climb out of the cellar:

2012 Dodge Journey               $229/month for 36 months with $2,678 due at signing

2012 Dodge Durango             $309/month for 36 months with $2,607 due at signing

Honda

Honda’s best lease deals are as follows:

2012 Honda CR-V EX 2WD            $330/month for 35 months with a $0 first-month payment and $0 due at signing

2012 Honda Pilot LX 2WD              $340/month for 35 months with a $0 first-month payment and $0 due at signing

Don’t forget the purchase incentives:

2011 & 2012 Honda Ridgeline           0.9% APR for up to 60 months (36 months for 2012 models)

2011 & 2012 Honda Pilot                   0.9% APR for up to 60 months (36 months for 2012 models)

2011 & 2012 Honda CR-V                0.9% APR for up to 60 months (36 months for 2012 models)

Hyundai

Hyundai is still boasting one of the best warranties available, and the following vehicles are available with both the warranty and great lease deals:

2012 Hyundai Santa Fe GLS A/T      $269/month for 36 months with $2,999 due at signing ($2,730 customer cash down plus $269 for 1st month payment)

2012 Hyundai Veracruz                     $299/month for 36 months with $3,199 due at signing ($2,900 customer cash down plus $299 for 1st month payment)

The 2012 Hyundai models are carrying these deals:

2012 Hyundai Santa Fe                      1.9% APR for 36 months, 2.9% for 48 months or $500 Cash Back

2012 Hyundai Veracruz                      0.9% APR for 36 months, 1.9% for 48 months + $1,000 Bonus Cash or $500 Cash Back

And the 2011 line is following much of the same routine:

2011 Hyundai Santa Fe                      1.9% APR for 36 months, 2.9% for 48 months + $1,000 Bonus Cash or $1,000 Cash Back

2011 Hyundai Veracruz                      0% APR for 36 months, 0.9% for 48 months + $1,000 Bonus Cash or $1,000 Cash Back

Toyota

The Asian leader relinquished the overall sales title to General Motors, and is not offering much in the way of incentives to try and regain the title:

2012 Toyota Highlander                     $269/month for 36 months with $2,999 due at signing

2012 Toyota RAV4                           $199/month for 36 months with $2,399 due at signing + $500 Lease Bonus Cash

Kia

Kia’s lease deals include:

2012 Kia Sorento                                $239/month for 39 months with $2,999 due at signing

2012 Kia Sportage                              $229/month for 39 months with $2,699 due at signing

Don’t forget to check out purchase options on these models:

2012 Kia Sorento                                0.9% APR for 36 months + $1,000 Bonus Cash or $1,000 Cash Back

2012 Kia Sportage                              0.9% APR for 36 months or $500 Cash Back

2012 Kia Sedona                                1.9% APR for 36 months + $2,500 Bonus Cash or up to $1,500 Cash Back

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