The $199 Lease Deals for October 2014
Making Sense of All the $199 per 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 October 6, 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.
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 short 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 $4,159 or $2,659 (signing for current non-GM lessees) due at signing is for the two-wheel drive, base Encore but differs according to state and location. Offer ends November 3.
2014 Chevrolet Camaro — $219 per month/36 months
Chevrolet's rambunctious Camaro coupe is available with a lease that's just $20 beyond our $199 per month price target. Don't get to thinking this is for a supercharged V8 ZL1 or race-ready Z/28 however. This is the base 2014 Camaro V6 in comfortable "2LS" configuration. The $2,659 (down from last month) needed at signing isn't insignificant, but not unreasonable. Offer ends November 3.
2014 Chevrolet Equinox LT — $219 per month/36 months
The Equinox deal rises $20 a month from last month, but this relatively large and useful crossover SUV is consistently one of Chevy's best-sellers. The $3,019 at signing is reasonable in this market segment. The $219 a month includes an allotted 36,000 miles with additional miles priced at 25 cents each. Offer ends November 3.
2014 Chevrolet Sonic LT — $189 per month/36 months
Chevy's small sedan comes in at $189 a month for 36 months after a $2,329 payment at signing (up $160 from last month). While there's a 36,000-mile allowance, additional miles cost 25 cents each. Offer ends November 3.
2015 Chrysler 200 — $179 per month/39 months
Chrysler's all-new midsize sedan is undeniably attractive at only $179 per month. The lease is now for 39 months (it was only 24 months last month) and covers a full 39,000 miles of use with additional miles at 25 cents each. The $2,789 due at signing is significant. Offer ends November 3.
2014 Fiat 500L Pop — $199 per month/36 months
Fiat's versatile four-door wagon hits the price point with a $2,999 payment due at signing — that's up $300 from last month. And the mileage allowance is 10,000 a year with additional miles at 25 cents each. And there's a $395 disposition fee due at lease end. Offer ends November 3.
Ford C-Max Energi — $199 per month/24 months
The C-Max Energi is a true plug-in hybrid for the same monthly cost as an ordinary sedan. But the lease is only 24 months long, it only allows 875 miles per month, and the buy-in at signing is a steep $3,043 for non-lessees. An incentive for holders of current Ford or competitive leases drops the buy-in down to $2,043. This deal is limited to just a few parts of the country, but other deals are also available. Offer ends November 3.
Ford C-Max Hybrid — $199 per month/24 months
A versatile hybrid, the C-Max is available at this price in only a few locations around the country, but other deals are offered elsewhere. The money due at signing is a steep $3,993, but that drops to $2,993 if you're a current Ford or competitive make leaseholder. This deal is just for 24 months and includes 875 miles per month — that's 21,000 miles total. Offer ends November 3.
2014 Ford Escape SE FWD — $189 to $209 per month/24 months
This small SUV is again offered in some regions at $199 per month with $2,783 at signing — for current Ford or competitive leaseholders. But that signing cost goes up to $3,783 if you don't have a qualifying lease. Ford has slightly varied the Escape lease offers according to region, so you'll have to try your ZIP code on Ford's site to see what's offered in your locality. Most of these leases are set for only two years and the mileage allowance is a mere 21,000 miles. Offer ends November 3.
2014 Ford Focus Electric — $199 per month/36 months
The truly excellent Focus Electric — which carries a $36,990 sticker price — is available in certain regions at our lease price point after $3,343 down (for new lessees who don't currently carry a lease) or just $2,843 (for current Ford or competitive lessees). Not a bad way to get zapped, and the restricted mileage allowance — 875 per month — may work for an electric. Offer ends November 3.
2014 Ford Fusion — $169 to $189 per month/24 months
Ford offers the Fusion in a vast number of variations, and this deal is offered on slightly different trim models depending on region. There are also big differences in how much money is due at signing — ranging from $1,613 to $2,739 depending on region and whether the customer is currently a Ford lessee or leasing a competitive car. That noted, this a short-term (24-month) lease that only allows 21,000 miles over its duration and the offer is restricted to some geographic areas. Offer ends November 3.
2014 GMC Terrain — $199 per month/39 months
Want a Chevrolet Equinox for $199 a month? Sorry, that isn't a lease offered this month — though it has been in the past and may be in the future. So, how about getting a GMC Terrain instead? Virtually identical to the Equinox, the Terrain is available on a $199 per month lease for 39 months after a stiff $3,339 at signing. The lease is relatively low mileage — allowing just over 833 miles per month — and additional miles are a pricey 25 cents each. Offer ends November 3.
2014 Honda Accord LX-S Coupe — $199 per month/36 months
The two-door Accord joins its brother sedan at our price point. Depending on where you live, it's available after $2,499 at signing. Additional miles are only 15 cents each, with the leases including 1,000 miles of use each month. Offer ends November 3.
2014 Honda Accord LX Sedan — $189 per month/36 months
The most popular version of the Accord sedan — four-cylinders, automatic transmission, cloth interior — is available at $189 a month in a 36-month lease with a low $1,999 cost at signing. That includes a 1,000 mile per month allowance. Offer ends November 3.
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. The lease goes 1,000 miles per month with additional miles at only 15 cents each. Offer ends November 3.
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. And there's a $400 disposition fee in most states. Offer ends November 3.
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. And there's a $400 disposition fee in most states. Offer ends November 3.
2014 and 2015 Hyundai Sonata GLS — $199 per month/36 months
It's Hyundai's mainstream sedan in its most mainstream configuration: four-cylinders, front-wheel drive and automatic transmission. It's $2,299 due at signing for the 2014 model and $2,399 for the new 2015 version. Both now come with monthly payments at $199. 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 November 3.
2014 and 2015 Kia Optima LX — $189 and $199 per month/36 months
The stylish Optima — both the 2014 and 2015 editions — are now available with lease terms under our price point on 36 months leases. Put $1,499 down at signing and you can drive off in a 2014 Optima LX for $199 per month. Bring $1,999 to the dealership, and you can leave in a 2015 version of the same car for $189 per month. Offers end November 3.
2014 Kia Soul LX — $189 per month/36 months
Kia's totally adorable small box car is available at $10 per month under our price point after $1,999 at signing. Hamsters not included. Offer ends November 3.
2014 and 2015 Mazda 3 iSport Five-Door — $189 and $209 per month/36 months
Mazda's sporting compact comes in at either $10 less than our target price on the 2014 model or $10 more for the 2014. Both need $1,989 at signing. These leases have a 36,000-mile allowance and 15 cents per mile for additional miles. Offers end November 3.
2015 Mazda 6 Sport Automatic — $189 per month/36 months
The 2015 editions of the fine driving Mazda 6 are available for $199 per month with $1,989 at signing. The lease goes 36 months with 36,000 miles and only 15 cents per additional mile. Offer ends November 3.
2014 Mini Cooper Countryman — $199 per month/32 months
Mini's own small crossover in base Cooper form is $199 per month after $2,984 down. But it's a low mileage lease and there's also a $350 disposition fee at the lease's end. Maintenance is included for the term of the lease. Offer ends November 3.
2014 Mini Cooper Paceman — $199 per month/32 months
Mini's sportiest body style — a stubby fastback — is available for $199 after $2,824 at signing. The lease only goes 10,000 miles a year (833 miles per month) and there's a $350 disposition fee at its end. Offer ends November 3.
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 a steep $3,388 due at signing. Additional miles beyond 36,000 are 20 cents each. Offer ends November 3.
2014 and 2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi's 2015 model-year compact four-door is $189 per month after a $2,888 initial buy-in. 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 November 3.
2015 Mitsubishi Lancer Sportback ES CVT — $209 per month/36 months
It's the 2015 model-year, five-door nearly-a-wagon version of Mitsu's compact and it's $209 per month after a $2,958 down payment. Offer ends November 3.
2014 and 2015 Mitsubishi Outlander Sport ES 2WD CVT — $199 per month/36 months
This solid and practical compact SUV is available at $199 per month after a $3,298 signing payment for a 2014 model or $3,864 for a 2015. If financed through Mitsubishi Motors Credit additional miles are 15 cents per mile after the 36,000-mile limit. If the vehicle is leased through Ally Financial additional miles rise are 20 cents each. Offer ends November 3.
2014 and 2015 Nissan Altima 2.5 S — $189 or $239 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. There's $1,999 due at signing in some areas for a $199 per month lease. And it's $2,699 down in other areas. In some regions the Altima is also available at $239 per month with either $239 at signing or nothing at all. These low monthly payments come 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 November 3.
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 closing. 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 November 3.
2014 and 2015 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 for a 2014 Leaf and $2,399 at signing for the 2015 model. 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 November 3.
2014 Nissan Rogue Select S FWD — $189 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 November 3.
2014 and 2015 Scion tC — $179 to $205 per month/24 to 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 with miles at only 15 cents each. Offer ends November 3.
2014 Scion xB — $189 to $200 per month/24 to 36 months
Scion's practical and very square xB hits the $189 mark after a $1,999 payment at signing for 36 months. Those willing to make a two-year commitment need $200 a month after the same initial payment. Offer ends November 3.
2014 Subaru Impreza 2.0i Premium — $208 or $217 per month/36 months
Subaru's redesigned compact is available in two slightly different models — EJD or ELD — 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 November 3.
2014.5 and 2015 Toyota Camry — $179 to $219 per month/24 months
Toyota has slight variations on leasing 2014.5 and 2015 Camrys around the country — so you'll have to check in your area. All the leases we've seen run 1,000 miles per month with a disposition fee at lease end in most regions. Offer ends November 3.
2014 and 2014 Toyota Corolla SE or LE — $179 to $209 per month/36 months
The roomy, if not exceptionally exciting, Corolla compact sedan orbits around the price point in both S and LE trim levels depending on regional offer. And some of those deals start with only $999 due at signing. It's worth careful investigation to get the best Corollas lease deal. Offer ends November 3.
2014 Toyota Prius — $199 per month/24 months
The iconic hybrid is available at the price point after $1,899 or $2,199 at signing in some regions, 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. Other regions offer similar, but not identical deals. Offer ends November 3.
2014 Toyota Prius C — $199 per month/24 or 36 months
Toyota's most compact hybrid can be had for only $199 a month after a scant $999 paid at lease signing. And the lease runs either 24 or 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 November 3.
2014 Toyota Prius V — $199 per month/24 months
The biggest member of Toyota's Prius family is now available at the $199 price point in some regions (not all). This is, however, only a two-year/24,000-mile lease and it takes $2,399 at signing. Additional miles are only 15 cents each. Offer ends November 3.
2014 Toyota RAV4 — $199 per month/36 months
This popular compact crossover, still fresh to the market in this generation, is available for $199 per month on a short 36-month lease after $1,999 at signing in some — but not all — regions. There's also a $350 disposition fee at lease end. The lease allows 36,000 miles of use with additional miles at only 15 cents each. Offer ends November 3.
2014 Toyota Venza — $219 per month/24 months
Toyota keeps dozens of different lease deals going at any one time, and they may or may not be available in your region. But if you're lucky, then right now in your region Toyota is offering the big, brawny, versatile Venza on a two-year/24,000-mile lease at only $219 per month after $2,699 due at signing. The supply of 2014 Venzas is likely limited, so don't dawdle if you want one. Offer ends November 3.
2014 Volkswagen Beetle 2.5L — $199 per month/36 months
VW's neat Beetle coupe with the base 2.5-liter four and automatic transmission hits our price point after a relatively low $1,049 signing payment. Offer ends November 3.
2014 Volkswagen Jetta TDI — $189 per month/36 months
It takes $1,999 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 November 3.
2014 or 2015 Volkswagen Passat 1.8T S — $189 or $199 per month/36 months
Here is VW's roomy Passat for only $189 per month after paying $1,999 at signing for the 2014 model. Want a 2015 Passat instead? That's $199 per month after $2,349 at signing. Both leases cover 1,000 miles a month with additional miles at 20 cents each. And expect a $350 disposition fee at lease end. Offer ends November 3.
2014 or 2015 Volkswagen Tiguan S — $189 and $199 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 $189 per month if it's a 2014 model or $199 per month for a 2015. The lease covers 1,000 miles per month with additional miles at 20 cents each. There will be a $350 disposition fee at lease end on either. Offer ends November 3.