The $199 Lease Deals for August 2014
Making Sense of all the $199/Month Lease Deals
Drive a brand-new car for only $199 a month. It isn't too good to be true. At any given time there are many factory-backed lease deals clustered around that price.
Here are the lease deals currently listed on their manufacturer's Web sites at or near $199 a month. While all were featured as of August 5, 2014, some aren't available in all regions of the United States. For comparison's sake, we've calculated the total cost of each lease to completion and further calculated what each costs per mile, assuming full utilization of the mileage allowance. For more detailed pricing, check out our Price Promise® tool.
At the time this was written, Smart had not posted any new lease deals for August. All other manufacturers reported updated or continuing offers.
Not all leases are built exactly the same. Some leases ask for more money up front but have lower monthly payments. Some are the opposite; they entice you with a very low drive-off amount but slightly higher monthly payments. Try to find a lease that strikes a balance of the miles you drive, a low monthly payment and low drive-off fees. Always add up the entire cost of a lease and compare those numbers before deciding. (Check our "Deals of the Month" for an up-to-date list of lease deals.) If all this needs clarification or you need to bounce ideas off someone who knows what's going on, don't hesitate to reach out to the Edmunds.com Live Help team for free assistance.
These deals are generally available only to customers with sterling credit ratings. And all lessees should remember that these monthly payments do not include sales tax and other fees.
There are subtleties to any and every lease. And tailoring a lease before signing it is the single best way to ensure you'll be happy as long as you're in it — and on your way out of it. But these heavily advertised leases with their discounted factory financing and aggressive pricing are good starting points.
2014 Buick Encore — $199 per month/39 months
Buick's small crossover SUV packs a lot of style in a small package. This lease has a somewhat awkward 39-month term and only allows a bit more than 800 miles a month of driving (32,500 miles total). The $4,269 or $3,769 due at signing for current non-GM lessees is for the two-wheel-drive, base Encore but differs according to state and location. So some residency restrictions apply. Offer ends September 2.
2014 Buick Verano — $199 per month/24 months
The front-drive, non-turbocharged Verano is Buick's smallest sedan, and it's comfortable and quiet if not exciting. This is a long-term (39-month) but low-mileage (32,500 miles total) lease that's not going to be right for many drivers. The $2,449 due at signing for current non-GM lessees and owners represents a $500 discount offered to everyone else. Offer ends September 2.
2014 Chevrolet Equinox LS — $199 per month/36 months
The $3,219 due at signing is stiff, but this is a relatively large and useful crossover SUV. And the $199 a month includes an allotted 36,000 miles, with additional miles priced at 25 cents each. Offer ends September 2.
2014 Chevrolet Malibu LT — $189 per month/36 months
Chevy's mainstream Malibu sedan leases for $10 below our price point after $2,569 at signing; last month's zero down lease isn't featured in August. This isn't the turbocharged version or the most fuel-sipping version, but it's a comfortable ride that should remain attractive for 36,000 miles. Additional miles are 25 cents each. Offer ends September 2.
2014 Chevrolet Sonic LT — $189 per month/36 months
Chevy's small sedan comes in at $189 a month for 36 months after a $2,169 payment at signing. While there's a 36,000-mile allowance, additional miles cost 25 cents each. Offer ends September 2.
2014 Chevrolet Spark EV LT — $199 per month/36 months
This deal is only open to residents of California and Oregon, but they're getting something intriguing. It's a true electric vehicle available for only $199 a month after a small $969 payment at signing. And it includes 36,000 miles of use, with 25 cents for each additional mile. Offer ends September 2.
2015 Chrysler 200 — $199 per month/36 months
Chrysler's all-new midsize sedan is already attractive, but the lease price has risen $30 per month from July. The $2,499 due at signing is also up $30. But you'll be driving a car that's still fresh on the market. Offer ends September 2.
2014 Fiat 500e — $199 per month/36 months
California and Oregon residents can lease the all-electric version of Fiat's 500 at this price point with only a mere $999 due at lease signing. There's a $395 disposition fee at the end of the lease, but the 500e carries a nominal sticker price of $32,300. So this deal is kind of awesome. Offer ends September 2.
2014 Fiat 500L Pop — $199 per month/36 months
Fiat's versatile four-door hits the price point with a $2,699 payment due at signing, but the mileage allowance has dropped this month to 10,000 a year from 12,000 and additional miles are 25 cents each. There's a $395 disposition fee due at lease end. Offer ends September 2.
2014 Ford Escape SE FWD — $199 per month/24 months
This small SUV is again offered at $199 per month with $2,769 at signing: $80 less than last month's offer. The front-drive, four-cylinder Escape is versatile for family use, but don't expect to go rock crawling. The lease is only for two years and the annual mileage allowance is at a mere 21,000. Offer ends September 30.
2014 Ford Flex SEL FWD Titanium — $189 per month/24 months
Ford's big and accommodating Flex is available at an economy car monthly lease payment. This much comfort rarely comes this cheap. But there is $3,829 due at signing and the mileage is restricted down to 21,000 over the 24-month lease. Additional miles cost 20 cents each. Offer ends September 30.
2014 Ford Fusion SE FWD — $189 per month/24 months
Ford offers the Fusion in a vast number of variations, but this deal is on a nicely turned-out version of the simplest car. That noted, it's for a short-term (24-month) lease that only allows 21,000 miles over its duration and the offer is restricted to some geographic areas. The $2,729 due at signing is after $1,250 cash back, plus the Fusion SE Appearance Package $500 bonus cash back. Offer ends September 30.
2014 GMC Terrain SLE — $199 per month/24 months
The Chevrolet Equinox's boxier brother is available under terms similar, but not identical, to the Chevy. The Terrain lease is for 24 months, while the Equinox's goes 36. Both are priced at $199 per month, but the GMC's $2,869 buy-in is $350 cheaper. Remember, though, that the Equinox's buy-in is amortized over 12 more months. So make a choice. Offer ends September 2.
2014 Honda Accord LX-S Coupe — $209 per month/36 months
The two-door Accord joins its brother sedan near our price point. Depending on where you live, it's available after either $2,499 at signing or $2,999. But additional miles are only 15 cents each either way, and the lease includes 36,000 miles of use. Offer ends September 2.
2014 Honda Accord LX Sedan — $199 per month/36 months
The most popular version of the Accord sedan (four cylinders, automatic transmission, cloth interior) is available at $199 a month in a 36-month lease with a low $1,999 at signing — if you live in 23 states or Southern California. The same deal with a $2,499 signing cost is available elsewhere including Northern California. But the latter deal is good for only a few more days. Offer ends September 2.
2014 Honda CR-V — $209 per month/36 months
The ridiculously popular CR-V comes in just $10 above the price point on a 36-month lease with a low $1,999 cost at signing in some areas and $2,499 in others. Offer ends September 2.
2014 Hyundai Elantra Coupe — $189 per month/36 months
Both sporty and practical, this small coupe is available at $10 under the monthly price target after $2,599 at signing. A full 36,000 miles is included, with additional miles at 20 cents each. There will be a $400 disposition fee in most states. Offer ends September 2.
2014 Hyundai Elantra GT — $189 per month/36 months
This is the sporty five-door version of Hyundai's Elantra compact at $189 a month and after $2,799 at signing additional miles are 20 cents each. There will be a $400 disposition fee in most states. Offer ends September 2.
2014 and 2015 Hyundai Sonata GLS — $199 or $209 per month/36 months
It's Hyundai's mainstream sedan in its most mainstream configuration: four cylinders, front-wheel drive and an automatic transmission. Nothing fancy, nothing bad and a lot that's very good. There's $2,199 due at signing for the 2014 model and $2,499 for the 2015, with monthly payments at $199 for the 2014 and $209 for the 2015. There's also a $400 disposition fee at the end of the lease in most states. The 36,000-mile allowance is solid, with additional miles available for 20 cents each. Offers end September 2.
2014 Jeep Cherokee Sport — $199 per month/36 months
Jeep's still fresh-to-the-market Cherokee is available as a three-year lease for only $199. But to get that takes $3,699 at signing, plus the lease itself is only good for 10,000 miles a year. And every additional mile costs another 25 cents. So it's not for everyone. But are you everyone? Offer ends September 2.
2014 Kia Optima LX — $249 per month/39 months
The stylish Optima is now available with zero cash due at signing and $249-a-month payments — for a slightly strange 39-month term. There is also a $400 disposition fee due at the end of the lease in most states. The payments go up to $269 a month if you don't qualify for Kia's owner loyalty bonus. Offer ends September 2.
2014 Kia Soul LX — $239 per month/39 months
Kia's totally adorable small box car is available at $40 over the price point per month...but there's no money due at signing. Zero, zip, nada. However, this lease, while it goes 1,000 miles per month, runs a weird 39-month term. And there's a $400 disposition fee at lease termination. Offer ends September 2.
2014 Mazda 3 i Sport Five-Door — $259 per month/36 months
Mazda's sporting compact comes in at $60 over the price point with nothing due at signing. Last month it was $199 a month with $1,999 at signing. This lease has a 36,000-mile allowance and costs 15 cents per mile for additional miles. The four-door is available on the same terms but at only $219 per month. Offer ends September 2.
2014 Mazda 3 i SV Four-Door — $219 per month/36 months
Mazda's sweet little sedan is only $20 over the price point with nothing due at signing. It's a deal that works out to only 22 cents per mile over the 36,000-mile term, with additional miles at only 15 cents each. Offer ends September 2.
2015 Mazda 6 Sport Automatic — $259 per month/36 months
The 2015 edition of the fine-driving Mazda 6 is available for $259 with no money at signing. It's a good deal, even though it's $10 more per month than last month's offer. The lease goes 36 months with 36,000 miles and costs only 15 cents per mile for additional miles. While Mazda isn't featuring a lease on the 2014 Mazda 6, there are still some in dealer inventories. Offer ends September 2.
2014 Mini Cooper Clubman — $207 per month/36 months
Not just another mainstream, midsize sedan, this is the non-turbocharged version of the Clubman, now available for $8 a month over the target price. There's $2,867 at signing and another $350 disposition fee due at the end of the lease — which now runs a conventional 36 months. Mileage is at 10,000 per year (833 per month) and additional miles cost 20 cents each. But maintenance is free for the entire term of the lease and up to 36,000 miles. Offer ends September 2.
2014 Mini Cooper Countryman — $207 per month/36 months
Mini's own small crossover is available at eight bucks a month over the price point after $2,972 at signing. The term of the lease is 36 months but includes only 10,000 miles per year, with additional miles at 20 cents each. There's also a $350 disposition fee at the lease's end. Maintenance is included for the term of the lease. Offer ends September 2.
2014 Mini Cooper Paceman — $207 per month/34 months
Mini's sportiest body style (a stubby fastback) is available for $207 after $2,787 at signing. If you want the quicker, turbocharged Cooper S Paceman, you'll need $217 a month and $3,237 at signing. Get to $227 a month and $3,257 at signing and you're in the Paceman Cooper S All4 with all-wheel drive. But these leases only go 10,000 miles a year and there's a $350 disposition fee at the end. Offer ends September 2.
2014 Mitsubishi i-MiEV — $189 per month/36 months
The all-electric i-MiEV is available at $10 under the monthly price point on a three-year lease, but only after $3,388 due at signing. Additional miles beyond 36,000 cost 20 cents each. Offer ends September 2.
2014 Mitsubishi Lancer Sportback ES CVT — $199 per month/24 months
It's the five-door nearly-a-wagon version of Mitsu's compact after $2,898 down and a short two-year, 24,000-mile lease. Opt for the four-door and the monthly price drops to $189 and the initial buy-in goes down $10 to $2,888. Additional miles are either 15 cents or 20 cents depending on which finance company (Ally Financial or Mitsubishi Motors Credit of America) writes the deal. Offer ends September 2.
2014 Mitsubishi Outlander 2.4 ES 2WD — $209 per month/36 months
This solid, easygoing and rather large SUV is available at $209 per month plus a stout $3,358 at signing with Mitsubishi Motors Credit, with additional miles after 36,000 costing 15 cents per mile. If the vehicle is leased through Ally Financial the signing money drops to $3,333, but the charge for additional miles rises to 20 cents. Offer ends September 2.
2014 Nissan Altima 2.5 S — $189 per month/36 months
There's $1,999 due at signing: first month's payment plus a $1,810 down payment in Southern California and other areas. In others, like Chicago, it's $2,699 down, with the first month's payment plus $2,510 down. So the offer varies around the country. The low monthly payment, however, comes with 12,000 miles a year of use and only 15 cents per additional mile. There is a disposition fee due at the end of the lease in most states. Offer ends September 2.
2014 Nissan Juke S FWD — $189 per month/39 months
It's a small SUV that's been twisted up into something unique and now it's available for $189 a month after $2,999 at signing. And the lease runs a weird 39 months, which helps amortize that closing payment. The lease goes to 39,000 miles, with extra miles at only 15 cents each. There will be a disposition fee at lease end. Offer ends September 2.
2014 Nissan Leaf S — $199 per month/36 months
Built strictly as an electric car, the Leaf is now available on a low $199-a-month lease after $1,999 at signing. It's now possible to drive something righteous for the environment that does a good job of saving bucks, too. Some residency requirements may apply, but a full 36,000 miles is allowed, with additional miles priced at 15 cents each. Offer ends September 2.
2014 Nissan Rogue Select S FWD — $179 per month/36 months
Don't get giddy at this low price. The Rogue Select isn't the redesigned 2014 Rogue but the previous-generation Rogue carried over from 2013. Still, it's a versatile compact crossover even if it lacks the new Rogue's ultimate refinement. This lease is available after $2,599 at signing. Offer ends September 2.
2014 Nissan Sentra SV — $209 per month/36 months
Sure, it's $10 above our monthly price point, but that's after $0 at signing. And $0 is the direct equivalent to nothing. The lease goes three years, covers 1,000 miles per month and additional miles are priced at only 15 cents each. Disposition fees will be due at lease end and vary according to residency. Offer ends September 2.
2014 and 2015 Scion tC — $179-$205 per month/24-36 months
Scion has a whole buffet of lease offers on the tC coupe covering both 2014 and 2015 models and equipped various ways — and all of them require $1,999 at signing. Go for the 2015 model with the panorama roof, and it's available at $199 a month for 36 months or $204 a month for 24 months. The mileage allowance for all these is 1,000 a month and extra miles are only 15 cents each. Offers end September 30.
2014 Scion xB — $189-$200 per month/24-36 months
Scion's practical and very square xB hits the $189 mark after a $1,999 payment at signing for 36 months. Those who only make a two-year commitment need $200 a month after the same initial payment. Offer ends September 30.
2014 Subaru Impreza 2.0i Premium — $208 or $217 per month/36 months
Subaru's redesigned compact is available in two slightly different models (sedan or hatchback), at $208 and $217 a month, respectively. And you don't need any money at signing for either of them. The deals will vary according to region and ZIP code. Offer ends September 2.
2014 Subaru Legacy — $189-$291 per month/36 months
Recently replaced by an all-new 2015 model, the 2014 Legacy still features all-wheel drive. The lowest monthly payment is on a manual transmission model with $1,493 at signing. The Premium model with a continuously variable transmission (CVT) is available at $243 per month, with $0 due at signing. And the Limited with the CVT goes for $291 a month with $0 at signing. All the leases run 36 months and 36,000 miles, with additional miles at 15 cents each. Offer ends September 2.
2014 and 2014.5 Toyota Camry — $179 and $189 per month/24 or 36 months
Toyota has slight variations on leasing 2014 and 2014.5 Camrys around the country. In Atlanta, for instance, the 2014 Camry SE can be leased at $189 per month for either 24 or 36 months after $2,588 at signing. In Chicago, it's the 2014.5 Camry LE at $189 a month for 24 months after $1,799 at signing. Go to New York City and the Camry goes off at $179 per month for 24 months. All this means that, well, you're going to have to investigate what the offer is in your ZIP code. All the leases we've seen run 1,000 miles per month, with a $350 disposition fee at lease end in most regions. Offers end September 2.
2014 Toyota Corolla SE or LE — $199 per month/36 months
The roomy, if not exceptionally exciting, Corolla compact sedan comes in at our price point in both S and LE trim levels and with only $999 due. But this is a regional offer not valid in all areas. Signing cash and payments will vary. Offers end September 2.
2014 Toyota Prius — $199 per month/24 months
The iconic hybrid hits our price point after $1,899 at signing on a 24 month lease. The short term may scare off some, but the lease allows 1,000 miles a month with additional miles at only 15 cents each. However, payments differ depending on region. Offer ends September 2.
2014 Toyota Prius C — $199 per month/36 months
Toyota's most compact hybrid goes for only $199 a month after a scant $999 paid at lease signing. And the lease runs 36 months with 1,000 miles a month. Additional miles are only 15 cents each. This offer is limited to only a few regions, however. Offer ends September 2.
2014 Toyota RAV4 — $199 per month/24 months
This popular compact crossover is available for $199 per month on a short 24-month lease after $1,899 at signing in some (but nowhere near all) regions. There's also a $350 disposition fee at lease end. The lease allows 24,000 miles of use, with additional miles at only 15 cents each. Offer expires September 2.
2014 Volkswagen Jetta TDI — $189 per month/36 months
It takes $2,349 at signing to get into a true diesel for $189 per month. Any miles beyond 36,000 will be charged at 20 cents each. Offer ends September 2.
2014 Volkswagen Passat 1.8T S — $179 per month/36 months
A roomy Passat for only $179 per month sounds almost too good to be true — and, well, it kind of is. That's because the $179 price comes on a Passat equipped with a manual transmission. Most buyers, of course, want an automatic. And most Passats on dealer lots will be self-shifters as well. But if you like to stir the gears yourself, this is a keen deal after a $2,349 payment at signing. The lease covers 1000 miles a month, with additional miles at 20 cents each. Expect a $350 disposition fee at lease end. Offer ends September 2.
2014 Volkswagen Tiguan S — $209 per month/36 months
Bring $2,999 at signing and VW will put a Tiguan compact crossover in your garage for the promise of paying $209 per month. The lease covers 1,000 miles per month, with additional miles at 20 cents each. There will be a $350 disposition fee due at lease end. Offer ends September 2.