The $199 Lease Deals for April 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 43 lease deals currently listed on their manufacturer's Web sites at or near $199 a month. While all were featured as of April 3, 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.)
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/24 months
Buick's small crossover SUV packs a lot of style in a small package. This is a short-term (24-month) and low-mileage (20,000 miles total) lease that's not going to be right for most drivers. The $4,299 due at signing for current non-GM lessees and owners is also high. Some residency restrictions apply. Offer ends April 30.
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 short-term (24-month) and low-mileage (20,000 miles total) lease that's not going to be right for most drivers. The $3,609 due at signing for current GM lessees and owners is also high. That buy-in drops to $3,109 if the lessee is coming out of a non-GM vehicle. Offer ends April 30.
2014 Chevrolet Cruze LT — $212 per month/36 months
With nothing ($0) due at signing, the extra $13 a month beyond the price target is cheap. And every one of the 36 months allows 1,000 miles of driving. A bargain for a smaller sedan. Offer ends April 30.
2014 Chevrolet Equinox LS — $199 per month/36 months
The $3,529 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 April 30.
2014 Chevrolet Malibu LT — $249 per month/36 months
Chevy's mainstream Malibu sedan may lease for $50 above our price point, but this is a zero-down lease, meaning there is nothing ($0) due at signing. 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 a steep 25 cents each. Offer ends April 30.
2014 Chevrolet Sonic LT — $189 per month/36 months
Chevy's small sedan comes in at $189 a month for 36 months after a $2,079 payment at signing. While there's a 36,000-mile allowance, additional miles cost a steep 25 cents each. This offer is restricted to Chevrolet's Western region. Offer ends April 30.
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 April 30.
2014 Fiat 500 Sport — $199 per month/36 months
Fiat's cute hatch in its sporty (but not Abarth sporty) trim hits the price point with a $1,499 payment due at signing. A full 36,000 miles is included in the deal, with additional miles at 25 cents each.
2014 Fiat 500e — $199 per month/36 months
The all-electric version of Fiat's 500 is available at the price point with a mere $999 due at signing. That's very low for a car carrying a sticker price over $30,000. However, this offer is restricted to California. And additional miles cost 25 cents each.
2014 Fiat 500L Pop — $199 per month/36 months
Fiat's versatile four-door wagon hits the price point with a $2,699 payment due at signing. While 36,000 miles are included in the deal, additional miles are 25 cents each. And there's a $395 disposition fee due at lease end.
2014 Ford Escape SE FWD — $209 per month/24 months
Last month this small SUV was offered at $199 per month. This month that bumps up $10 per month. However, the buy-in drops from $3,059 last month to $2,849 after $1,000 in cash back from Ford. The lease is only for two years and the mileage allowance is at a mere 21,000. Offer ends July 7.
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 trimmed 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 $2,689 due at signing is after $1,000 cash back, plus the Fusion SE Appearance package $500 bonus cash back. Offer ends July 7.
2014 Honda Accord LX — $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 — if you live in one of 23 specified states or Southern California. The same deal with a $2,499 signing cost is available elsewhere, including Northern California. Offer ends May 12.
2014 Honda CR-V 2WD LX — $199 month/36 months
This exceedingly popular crossover is available for just $10 over our price point after a reasonable $1,999 at signing. That puts its total cost close to that of the offers on the Accord. Offer ends May 12.
2014 Hyundai Elantra GT — $199 per month/36 months
This is the sporty five-door version of Hyundai's Elantra compact. You'll need $2,799 at signing, which is the first month's payment plus $2,600 in capitalized cost reduction. Additional miles cost 20 cents each. And there will be a $400 disposition fee in most states.
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 automatic transmission. Nothing fancy. Its $2,199 is due at signing (that's the first payment plus $2,000 in capitalized cost reduction) but 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. Offer ends April 30.
2014 Jeep Cherokee Sport FWD — $199 month/36 months
The Cherokee is still fresh in the market, but Jeep is offering a lease at this price point on it anyhow. The kicker here, though, is the steep $3,499 due at signing and that the lease only allows 30,000 miles over 36 months. Additional miles are $0.25 each. Offer ends April 30.
2014 Kia Optima LX — $189 per month/36 months
Kia's brother to the Hyundai Sonata is a high-style sedan with an aggressive lease deal. Only $1,850 is due at signing, but there is a $400 disposition fee due at the end of the lease in most states. This lease offer is restricted to certain zip codes. Offer ends May 5.
2014 Mazda 3 i Sport Five-Door — $199 per month/36 months
Mazda's sporty compact comes in at the price point with $2,359 at signing, with a 36,000-mile allowance and 15 cents per mile for additional miles. The four-door is available on the same terms but at only $159 per month. Offer ends April 30.
2014 Mazda 6 Sport Automatic — $199 per month/36 months
The fine driving Mazda 6 midsize sedan lease deal needs only $2,359 at signing and goes 36 months with 36,000 miles and only 15 cents per mile for additional miles. Offer ends April 30.
2014 Mini Cooper Clubman — $199 per month/36 months
Not just another mainstream, midsize sedan, this is the non-turbocharged version of the Clubman. Returning Mini customers need $2,499 at signing and there's another $350 disposition fee due at the end of the lease. Mileage is restricted to just 10,000 per year and additional miles are 20 cents each. But maintenance is free for up to 36,000 miles. Offer ends April 30.
2014 Mini Cooper Countryman — $199 per month/36 months
Mini's own small crossover is available at the price point after a reasonable $2,050 at signing. However, the lease includes only 10,000 miles per year and additional miles are 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 April 30.
2014 Mini Cooper Paceman — $199 per month/36 months
It's Mini's own Camaro, but smaller. The deal needs $2,150 at signing and there's a $350 disposition fee at the lease's end. Mini will also allow this offer to be combined with certain other offers to sweeten it further. Offer ends April 30, but qualified applicants can lock in that rate and take delivery from stock through the end of July.
2014 Mitsubishi Outlander 2.4 ES 2WD — $199 month/36 months
The $3,298 due at signing is a bit steep, but this is Mitsubishi's larger SUV and at this price point, that's tough to find. Additional miles are $0.20 each and the net capitalized cost can vary upon which institution finances the deal. Offer expires April 30.
2014 Nissan Altima 2.5 S — $189 per month/36 months
There's $2,699 due at signing: the first month's payment plus a $2,510 down payment in some areas. In others, like Southern California, it's $1,999 down with the first month's payment plus $1,810 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 April 30.
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. A full 36,000 miles is allowed, with additional miles priced at 15 cents each. Offer ends April 30.
2014 Scion tC — $199 per month/36 months
The only coupe at this price point, it takes $1,999 at signing to drive a tC home on this lease — and big 18-inch wheels. After 36,000 miles, additional miles are only 15 cents each. Offer ends July 7.
2014 Scion xB — $199 per month/36 months
Scion's practical and very square xB hits the $199 mark after a $1,999 payment at signing. Offer ends July 7.
2014 Subaru Legacy 2.5i 6MT — $189 per month/36 months
Soon to be replaced by an all-new 2015 model, the 2014 Legacy still features all-wheel drive. Unusually, this lease is for a manual transmission model. There's $1,989 due at signing and a full 36,000 miles are allowed. Additional miles cost 15 cents each. There are additional lease deals on other Legacy models. Offer ends April 30.
2014 and 2014.5 Toyota Camry LE — $199 per month/36 months
Toyota brings the Camry LE in at only $199 per month on a 36-month lease with a 36,000-mile allowance. Combine that with a very low $999 due at signing and this is very attractive. This is a regional offer, however, and will vary with your location. In some locations the price will drop to $189 per month on a 24-month lease. Offer ends May 5.
2014 Toyota Camry Hybrid — $199 per month/24 months
It's a true hybrid sedan for regular sedan money. It takes $1,999 at signing, but it allows a full 1,000 miles a month. However, this is a regional offer and availability will depend on residency. Offer ends April 30.
2014 Toyota Corolla S — $199 per month/24 or 36 months
The redesigned compact sedan is available under the same lease terms for two or three years with a low $999 due at signing. And the Corolla has more legroom in the back than the Camry. Offer ends May 5.
2014 Toyota Prius C — $189 per month/24 months
The smallest member of the iconic Prius hybrid family can now be had at this low price point (after a $2,399 payment at signing) if you live in Illinois, Indiana, Minnesota or Wisconsin. Additional miles cost 15 cents each. Offer ends April 30.
2014 Toyota Prius LE — $199 month/24 months
Toyota's iconic Prius five-door hybrid is now available for a low lease price after $2,199 at signing. While Toyota offers this deal in some areas — Chicago, for instance — in others it's advertising the Prius at higher prices but after only $999 down. The $199 deal is only for 24 months, while some of the $999 at signing deals stretch out to 36 months at $269 per month in Southern California. Offer ends April 30.
2014 Volkswagen Beetle 2.5L — $199 per month/36 months
Stylish and kind of funky, even in its simplest form the Beetle is for people who want a car that attracts attention and promises fun. You'll need $2,349 at signing and the lease offers an allowance of 1,000 miles a month, with additional miles for 20 cents each. Offer ends April 30.
2014 Volkswagen Jetta TDI — $199 per month/36 months
It takes $2,349 at signing to get into this diesel-powered sedan for $199 per month. Any miles beyond 36,000 will be charged at 20 cents each. Offer ends April 30.
2014 Volkswagen Passat S Auto — $189 per month/36 months
2014 Volkswagen Passat Wolfsburg — $209 per month/36 months
The Passat in two slightly different trim levels and slightly different prices. Both need $2,349 at signing, and any miles beyond the 36,000-mile allowance will be charged off at 20 cents per mile. The TDI diesel models are available on a separate deal that uses the same down payment, but costs more per month. Offer ends April 30.
2014 Volkswagen Tiguan 2.0T — $199 per month/36 months
Seeing VW's attractive small crossover at this keen price point is somewhat of a surprise — even after the $2,999 due at signing. Includes 36,000 miles of use, with additional miles charged at 20 cents each. Offer ends April 30.