January's $199 Lease Deals | Edmunds.com
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The $199 Lease Deals for January 2015

Making Sense of All the $199 Month Lease Deals


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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 manufacturers' Web sites at or near $199 a month. While all were featured as of January 12, 2015, 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.

2015 Acura ILX — $209 per month/36 months
All the quality of a Honda with slightly more prestige, and a price tag only $10 more per month than our target price. It's $2,399 at signing, but the lease covers only 10,000 miles of use per year. Offer ends March 2.

2015 Buick Encore — $199 per month/39 months
Buick's small crossover is available on this 39-month lease that features 32,500 miles of use over its term. There's $2,449 due at signing if you currently lease a non-GM vehicle, and $4,449 if you have a GM lease. Additional miles are 25 cents each. Offer ends February 2.

2015 Buick Verano — $199 per month/39 months
Buick's smallest sedan is available on this 39-month lease term that includes 32,500 miles of use. There's $1,589 due at signing if you now lease a non-GM vehicle and $3,589 otherwise. Additional miles are 25 cents each. Offer ends February 2.

2015 Chevrolet Equinox LT — $199 per month/24 months
The Equinox is a relatively large and useful crossover SUV and consistently one of Chevy's best sellers. The $2,409 at signing is reasonable in this market segment. The $199 a month includes an allotted 20,000 miles, with additional miles priced at 25 cents each. Offer ends February 2.

2015 Chevrolet Malibu — $189 per month/36 months
Pay $1,219 at signing (if you're a current non-GM vehicle lessee) and a Chevy dealer will hand over a new 2015 Malibu sedan for you to drive for the next three years. If you're not a competitive lessee, the buy-in is $2,219. The lease covers 30,000 miles of use, with additional miles charged at 25 cents each. Offer ends February 2.

2015 Chrysler 200 — $159 per month/36 months
Chrysler's newest sedan is available at a full $40 per month less than our target price, but is included here since so many directly comparable vehicles are also listed. The chunky $2,999 due at signing helps explain the $159 monthly payments. The lease includes 30,000 miles of use. Offer ends February 2.

2015 Fiat 500 — $199 per month/36 months
Designed in Italy and built in Mexico, the stylish 500 hatchback is available at this price point after just $1,699 at signing. That's good for 36 months and 1,000 miles per month. Offer ends February 2.

2015 Fiat 500e — $199 per month/36 months
The small 500e all-electric hatchback isn't for everyone, but it's perfect for those with an appreciation for Italian design and a passion for electric motoring. The term of this lease is now 36 months and includes 1,000 miles of use per month, with additional miles costing 25 cents each. Beyond the $999 due at signing, there's also a $395 disposition fee at the end of the lease. Residency in either California or Oregon is required to qualify for this deal. Additional savings are possible through various federal and local incentive programs for electric vehiclesOffer ends February 2.

2014 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 $2,893. That buy-in drops to $1,893 if you're coming out of a Ford or competitive lease vehicle. This deal is limited to only a few parts of the country, but other deals are also available. Offer ends March 31.

2014 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 only for 24 months and includes only 875 miles per month: That's 21,000 miles total. Offer ends March 31.

2015 Ford Escape SE FWD — $189-$199 per month/24 months
This small SUV is again offered in some regions at $189 per month with $2,433 at signing — for current Ford or competitive leaseholders. But that signing cost goes up to $3,433 if you don't already have a 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. Offer ends March 31.

2014 Ford Flex — $189 per month/24 months
Ford dealers are clearing their stocks of Flex large wagons. Various lease deals are available on the Flex in different parts of the country. So this $189-per-month lease after $3,889 may not be offered where you are, but the dealer could have another deal that works well for you. Offer ends March 31.

2015 Ford Fusion — $179 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 differences in how much money is due at signing depending on region and whether the customer is currently a Ford lessee or leasing a competitive car. That noted, this is 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 March 31.

2015 Honda Accord LX-S Coupe — $209 per month/36 months
The two-door Accord joins its brother sedan near our price point after $2,599 at signing. Additional miles are only 15 cents each either way, with the leases including 1,000 miles of use each month. Offer ends March 2.

2015 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 cost at signing. That includes a 1,000 mile-per-month allowance. Offer ends March 2.

2014 Hyundai Elantra Coupe — $189 per month/36 months
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 February 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 after $2,799 at signing. Additional miles cost 20 cents each. There will be a $400 disposition fee in most states. Remember, this is for a 2014 model-year car. Offer ends February 2.

2015 Hyundai Elantra GT — $179 per month/36 months
Want the 2015 model-year version of the five-door version of Hyundai's Elantra compact? Here it is at $179 a month after $2,399 at signing: significantly cheaper than the 2014 model-year deal. Additional miles are 20 cents each, and there will be a $400 disposition fee in most states. Offer ends February 2.

2014 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 an automatic transmission. It costs $2,199 at signing. 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 February 2.

2015 Hyundai Sonata SE — $199 per month/36 months
It's Hyundai's new version of its mainstream sedan. And it requires $1,899 at signing. 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 February 2.

2015 Jeep Cherokee — $199 per month/36 months
Jeep offers very limited regional offers on various front- and four-wheel-drive versions of its hugely successful Cherokee at just $199 per month. These 36-month leases all seem to offer only 32,500 miles of use during their terms. These deals may not be available at all in your area. Offers end February 5.

2014 Kia Optima LX — $189 and $199 per month/36 months
The stylish Optima (the 2014 version) is now available with lease terms under our price point on 36-month leases. These leases vary from region to region, however, so no one in particular may be available in your area. Offers end February 2.

2015 Kia Optima LX — $179-$191 per month/36 months
The stylish Optima (this time the 2015 version) is now available with lease terms under our price point on 36-month leases in various offers around the country. These leases vary from region to region, however, so no one in particular may be available in your area. Offers end February 2.

2014 Kia Soul — $179 per month/36 months
The 2014 version of Kia's adorable small box car is available in some regions at $179 per month after $1,999 at signing. Offer ends February 5.

2015 Kia Soul — $189 per month/36 months
The 2015 version of Kia's Soul is available in some regions at $189 per month after $1,999 at signing. Hamsters — hip and sleek or dumpy and lovable — are not included. Offer ends February 5.

2014 and 2015 Mazda 3 i Sport Five-Door — $189 per month/36 months
Mazda's sporting compact comes in at $10 less than our target price on either 2014 or 2015 models. The 2014 needs $1,999 at signing, while the 2015 is advertised to need only $1,969. These leases have a 36,000-mile allowance and cost 15 cents per mile for additional miles. Offers end March 2.

2015 Mini Cooper Hardtop — $209 per month/40 months
There's a nuttiness to this Mini Cooper hardtop's available 40-month lease term. So go nutty...for $2,504 at signing. There is a $350 disposition fee at lease end. Offer ends February 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 a steep $3,388 due at signing. Additional miles beyond 36,000 are 20 cents each. Additional savings are possible through various federal and local incentive programs for electric vehiclesOffer ends February 2.

2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi's 2015 model year compact four-door comes in at $189 per month after a $2,988 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 February 2.

2015 Mitsubishi Outlander $199 and $209 per month/36 months
It's Mitsubishi's larger crossover with either two-wheel drive for $199 per month or all-wheel drive for $209 per month. It takes $3,398 at signing for the two-wheel drive and $3,958 for the four-wheel drive. Financed through Mitsubishi Motors Credit, additional miles after 36,000 are charged at 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends February 2.

2015 Mitsubishi Outlander Sport ES 2WD CVT — $189 per month/36 months
This easygoing compact SUV is available at $189 per month after a $3,388 signing payment. Financed through Mitsubishi Motors Credit, additional miles after 36,000 are charged at 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends February 2.

2015 Nissan Altima 2.5 S — $189 and $246 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 $189-per-month lease in some markets. And it's $2,699 down in other areas. In some regions the Altima is also available at $246 per month with nothing due at signing. 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 February 2.

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 $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 (like, you have to live in California), but a full 36,000 miles is allowed, with additional miles priced at 15 cents each. Additional savings are possible through various federal and local incentive programs for electric vehiclesOffer ends February 2.

2015 Scion tC — $179-$201 per month/24 and 36 months
Scion has two lease offers on the 2015 tC coupe and both require $1,999 at signing. It's $179 a month for 36 months or $191 a month for 24 months. The mileage allowance for all these is 1,000 a month, with additional miles at 15 cents each. Offer ends March 31.

2014 Scion xB — $179-$206 per month/24-36 months
Scion's practical and very square xB hits the $179 mark after a $1,999 payment at signing for 36 months. Those only willing to make a two-year commitment need $202 a month after the same initial payment. Anyone who wants the "Release Series 10.0" version of the xB will pay $206 per month for 36 months. Offers end March 31.

2015 Smart Fortwo Electric Drive Cabriolet — $199 and $219 per month/24 and 36 months
Open-air Smart car motoring with the additional virtue of being all-electric. The money due at signing is modest, and both 24- and 26-month terms are available. But there is a $395 disposition fee at lease end. Additional savings are possible through various federal and local incentive programs for electric vehiclesOffers end February 2.

2014 Subaru Impreza 2.0i Premium — $200 per month/36 months
Subaru's compact is available without any money due at signing. A total deal. There will be variances according to region and ZIP code. Offers end February 2.

2015 Toyota Camry — $189-$209 per month/36 months
Toyota has slight variations on leasing 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. But watch these closely. Some advertised deals don't include a $650 acquisition fee in the bold print. Offers end February 2.

2014 Toyota Prius V — $199 per month/36 months
The biggest member of Toyota's Prius family is now available at the $199 price point in some regions (not all). It takes $2,499 at signing. Additional miles are only 15 cents each. Offer ends February 2.

2015 Volkswagen Passat 1.8T S — $209 per month/36 months
Here is VW's roomy Passat for $209 per month after $1,999 at signing. Expect a $350 disposition fee at lease end. Offer ends February 2.

2015 Volkswagen Tiguan 2.0T S — $199 per month/36 months
VW's small crossover SUV is available at $199 per month after a stout $2,999 at signing. It's expensive compared to sedans, but reasonable for this class of vehicle. The lease goes a full three years and 36,000 miles, with additional miles costing 20 cents per mile. Offer ends February 2.

Click image to enlarge and see more information.
Current $199 Lease Deals


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Comments

  • for comparison, and common sense, you really have to divide the down payment by the months of the lease and then add it to the monthly lease price. If you put enough down on any car you can get a $199 a month lease.

  • bassrockerx bassrockerx Posts:

    i read the whole list and i think the standouts are the toyota camry hybrid for 199 with only 1800 due at signing and the mazda 3 sedan for a very low $149 a month(wow!) also the fiat 500 sport for only 200 dollars a month is not that bad a deal either conidering the depretiation on these cars are pretty high so after 3 years are up you might actually come out ahead, especially if 3 years down the road fiat is not doing so well you might even get a very nice purchase price on the car should you chose to keep it when the lease is up. another standout is the chevy cruze lt with 0 down and the equinox and CR-V on this list as well.

  • stingray73 stingray73 Posts:

    It's ridiculous to compare lease payments when you have to put money down. What is the purpose of the article? You can lease a Lamborghini for $199/mo. if you put $198,000 down! What a waste of time this article is.

  • mohora mohora Posts:

    thank you for posting this list. im coming out of a 2yr lease and this helps me sort through my choices. i can choose and then go to dealers with my homework in hand. many times in the past i have found that some dealers try to add on prep cost to the deal

  • adantium adantium Posts:

    Great job John! Is it possible for you to make a similar list for the Canadian market? I bet many of us regular visitors would really appreciate it.

  • What is a good price reduction on a 2015 Toyota Highlander AWD Platinum Limited, MSRP $45,583? If I leased for 24 or 36 months, what are the residuals and money factors Toyota would use for 15,000 per year?

  • Leasing can be a great alternative to buying a car the traditional way. If you have to put all kinds of money "down" it really doesn't make much sense. I can show you how to buy the car after your next in cash and stay in this cycle. I sold cars for years, now I help folks save money buying or leasing their next car. "I Never Wore Plaid" Joel Grey www.ineverworeplaid.net

  • daveinolywa daveinolywa Posts:

    my LEAF was zero drive off (actually was less than that since I got a check for $47 back from the dealer for registration fees returns) and $245.75 a month for 15,000 miles annually on a 3 year lease. with 35 payments, It works out to 19 cents per mile. so maybe not $199 but at least I did not have to pony up a minimum of 2Gs up front

  • chanelm chanelm Posts:

    I'm looking for dealerships in MA or RI that will accept my leased sedan trade in so I can buy or lease a SUV. We now have twins on the way. Any suggestions anyone? Obviously, I don't want to pay penalties and I know dealerships sometimes have specials to offer. Thanks, C

  • barryhuber barryhuber Posts:

    If a "$199" lease requires cash down, then it is not a $199 lease. This article is misleading. $2000 down means the real lease payment comes out to more like $260 before taxes. Why not just be honest?

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