The $199 Lease Deals for December 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 December 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 PromiseSM 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 you sign 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 is available on this 39-month lease that features 32,500 miles of use over its term. There's $2,659 due at signing, and additional miles are 25 cents each. Note that this is for a 2014 model. Offer ends January 2.
2015 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 — for an honest-to-goodness Camaro. Don't get to thinking this is for a supercharged V8 ZL1 or race-ready Z/28, however. This is the base 2015 Camaro V6 in comfortable "1LS" configuration. The $2,739 needed at signing isn't insignificant, but not unreasonable. Offer ends January 5.
2015 Chevrolet Equinox LT — $199 per month/36 months
The Equinox is a relatively large and useful crossover SUV and consistently one of Chevy's best-sellers. The $2,109 at signing is reasonable in this market segment. The $199 a month includes an allotted 30,000 miles, with additional miles priced at 25 cents each. Offer ends January 5.
2015 Chevrolet Malibu — $189 per month/36 months
Pay $1,369 at signing and, if your credit is worthy enough, the dealer will hand over a new 2015 Malibu sedan for you to drive for the next three years. The lease covers 30,000 miles of use, with additional miles charged at 25 cents each. Offer ends January 5.
2015 Fiat 500 — $199 per month/39 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 39 months and 1,000 miles per month. Offer ends January 5.
2015 Fiat 500e — $199 per month/27 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 39 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. Oh yeah, and you have to live in either California or Oregon to qualify for this deal. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 5.
2014 Fiat 500L Pop — $199 per month/39 months
Fiat's versatile four-door wagon hits the price point with a $2,999 payment due at signing for a 39-month lease term. And the mileage allowance is 32,500, with additional miles at 25 cents each. There's a $395 disposition fee due at lease end. Offer ends January 5.
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 $2,943. That buy-in drops to $1,943 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 January 5.
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 January 5.
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 $2,483 at signing — for current Ford or competitive leaseholders. But that signing cost goes up to $3,483 if you don't satisfy those requirements. 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 at a mere 21,000. Offer ends January 5.
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 $3,809 may not be offered where you are, but the dealer could have another deal that works well for you. Offer ends January 5.
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 $2,189 down. Not a bad way to get zapped, and the restricted mileage allowance — 875 per month — may work for an electric. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 5.
2014 or 2015 Ford Fusion — $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 differences in how much money is due at signing, ranging from $1,663 to $2,739 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 January 5.
2014 Honda Accord LX-S Coupe — $199 per month/36 months
The two-door Accord joins its brother sedan at our price point after $2,799 at signing. Additional miles are only 15 cents each either way, with the leases including 1,000 miles of use each month. Offer ends January 5.
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 1,000 miles per month allowance. Offer ends January 5.
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 January 5.
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 also be a $400 disposition fee in most states. Offer ends January 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 and there will be a $400 disposition fee in most states. Offer ends January 2.
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 an automatic transmission. It's not fancy but costs only $1,899 at signing for the new 2015 version. 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 January 2.
2015 Jeep Cherokee — $189 and $199 per month/39 months
Jeep offers very limited, regional offers on its hugely successful Cherokee at just $189 or $199 per month. In Southern California, the front-drive Latitude is available at $189 per month after $3,589 at signing. Over in the New York City metro area, it's a 4x4 Latitude that's on offer at $199 per month after $3,299 down. Both these 39-month leases offer only 32,500 miles of use during their terms. These deals may not be available at all in your area. Offers end January 5.
2014 and 2015 Kia Optima LX — $179 and $203 per month/24 and 36 months
The stylish Optima (both the 2014 and 2015 editions) is now available with lease terms under our price point on 24- or 36-month leases. These leases vary from region to region, however, so no one in particular may be available in your area. Offers end January 5.
2014 and 2015 Kia Soul — $189 and $199 per month/36 months
The 2015 version of Kia's adorable small box car is available in some regions at our price point after $1,999 at signing. In other regions, it's 10 bucks less per month. Choose a 2014 model and the monthly cost drops to $179 after $1,999 at signing. Hamsters — hip and sleek or dumpy and lovable — are not included. Offer ends January 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 at only $1,969. These leases have a 36,000-mile allowance and 15 cents per mile for additional miles. Offers end January 5.
2015 Mazda 6 Sport Automatic — $189 per month/39 months
The 2015 edition of the fine-driving Mazda 6 is available for $199 per month with $1,989 at signing. The lease goes 39 months with 39,000 miles, and only 15 cents per mile for additional miles. Offer ends January 5.
2015 Mini Cooper Countryman — $199 per month/30 and 41 months
Mini's own small crossover is available with weird 30- or 41-month lease terms at $199 per month. To get the 41-month lease takes $2,724 at signing, while the 30-month term takes $3,369. Both have a $350 disposition fee at lease end. Offers end January 2.
2015 Mini Cooper Hardtop — $199 per month/30 and 41 months
There's a nuttiness to this Mini Cooper hardtop's available 30- or 41-month lease term. So go nutty...for $2,664 at signing for the 41-month lease or $3,044 for the 30-month. Both have a $350 disposition fee at lease end. Offer ends January 2.
2015 Mini Cooper Paceman — $199 per month/30 and 41 months
The third of Mini's products available with a $199 lease payment is the sportiest body style: a stubby fastback. Like the other two models, this one is offered at 30- or 41-month terms. Each lease only goes 10,000 miles a year (833 miles per month) and there's a $350 disposition fee at its end. Offers end January 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 cost 20 cents each. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 2.
2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi's 2015 model-year compact four-door is available at $189 per month after a $2,988 initial buy-in. Additional miles are either 15 or 20 cents depending on which finance company — Ally Financial or Mitsubishi Motors Credit of America — writes the deal. Offer ends January 2.
2015 Mitsubishi Outlander Sport ES 2WD CVT — $199 per month/36 months
This solid, easygoing compact SUV is available at $199 per month after a $3,398 signing payment. Financed through Mitsubishi Motors Credit, additional miles after 36,000 charge at 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends January 2.
2014 and 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 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 January 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 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 January 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, but a full 36,000 miles is allowed, with additional miles price at 15 cents each. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 2.
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 January 2.
2015 Scion tC — $199 and $204 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 $199 a month for 36 months or $204 a month for 24 months. The mileage allowance for all these is 1,000 a month. Extra miles are only 15 cents each. Offer ends January 5.
2014 Scion xB — $189-$218 per month/24 and 36 months
Scion's practical and very square xB hits the $189 mark after a $1,999 payment at signing for 36 months. Those only willing to make a two-year commitment need $200 a month after the same initial payment. Anyone who wants the "Release Series 10.0" version of the xB will pay $218 per month for 36 months. Offers end January 5.
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 36-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 vehicles. Offers end January 5.
2014 Subaru Impreza 2.0i Premium — $208 and $217 per month/36 months
Subaru's redesigned compact is available in two slightly different models — four-door and five-door — 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. Offers end January 5.
2015 Toyota Camry — $199 per month/24 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. The $199 per month lease referenced here was found in the New York City metro area with $2,199 due at signing. But watch these closely. Some advertised deals don't include a $650 acquisition fee in the bold print. Offers end January 5.
2015 Toyota Prius — $189 per month/24 months
The iconic hybrid sits near our price point on a 24-month lease. Toyota's short-term leases allow 1,000 miles a month, with additional miles at only 15 cents each. Keep an eye on the fine print; Toyota makes slight variations in its advertised lease deals depending on region (watch out for acquisition fees). Offer ends January 5.
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 January 5.
2015 Volkswagen Jetta S 2.0L — $219 per month/36 months
The most basic of Jettas is being offered this month for only $219 a month with nothing (nada, zero, zip) due at signing. And that covers the first month's payment, too. So you only have 35 more payments to make. It's this month's killer deal and only 22 cents for the first 36,000 miles. Each mile beyond that will be charged at 20 cents each. Offer ends January 2.
2014 Volkswagen Jetta TDI — $239 per month/36 months
Remaining 2014 model-year Jetta TDI turbodiesel models are being offered at only $239 per month on a 36-month lease, with nothing due at signing and the first month's payment covered. Offer ends January 2.
2014 and 2015 Volkswagen Passat 1.8T S — $239 and $259 per month/36 months
Here is VW's roomy Passat for $239 per month with nothing due at signing for the 2014 model. Want a 2015 Passat instead? That's $259 per month after nothing at all at signing. Both leases cover 1,000 miles a month, with additional miles at 20 cents each. Expect a $350 disposition fee at lease end. Offer ends January 2.