The $199 Lease Deals for July 2014
Making Sense of All the $199-a-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.
The following list shows lease deals currently listed on each manufacturer's Web site at or near $199 a month. While all were featured as of July 7, 2014 (most June deals were carried over through the holiday weekend), 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.
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There are subtleties to each 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 for current non-GM lessees, due at signing is for the two-wheel-drive, base Encore but seems to differ according to state and location. So some residency restrictions apply. Offer ends July 31.
2014 Buick Verano — $199 per month/39 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 July 31.
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 July. 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 $949 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 without this keen lease. But, hey, the lease makes it look even better. The $2,469 due at signing is reasonable and you'll be driving a car that's still fresh on the market. Offer ends August 4.
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 phenomenal. Offer ends August 4.
2014 Fiat 500L Pop — $199 per month/36 months
Fiat's versatile four-door hatchback hits the price point with a $2,699 payment due at signing: $160 less than last month's offer. While 36,000 miles are included in the deal, additional miles cost 25 cents each. And there's a $395 disposition fee due at lease end. Offer ends August 4.
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. That's $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 mileage allowance is a mere 21,000 miles. 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 to 21,000 miles over the 24-month lease. Additional miles are 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 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 either way, and the leases include 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 cost at signing — if you live in 23 states or Southern California. 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 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 July 31.
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 July 31.
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. It requires $2,199 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. Offer ends July 31.
2014 Jeep Cherokee Sport — $199 per month/36 months
Jeep's still fresh-to-the-market Cherokee is available on the three-year lease for only $199. But to get that takes a steep $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 August 4.
2014 Kia Optima LX — $249 per month/36 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. But there is 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 Mazda 3 i Sport Five-Door — $199 per month/36 months
Mazda's sporting compact comes in at the price point with $1,999 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 July 31.
2014 and 2015 Mazda 6 Sport Automatic — $199 and $249 per month/36 months
The 2014 and 2015 editions of the fine driving Mazda 6 are available for at $199 and $249, respectively. That $199-a-month deal comes after $1,999 at signing, while the $249 chit on the 2015 car comes with no money due at lease signing. That lease goes 36 months, with 36,000 miles and only 15 cents per mile for additional miles. Offers end July 31.
2014 Mini Cooper Clubman — $207 per month/36 months
Not just another mainstream midsize sedan, this non-turbocharged version of the Clubman is now available for $8 a month over the target price. It's $2,867 at signing and there's 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 are 20 cents each. But maintenance is free for the entire term of the lease and up to 36,000 miles. Offer ends July 31.
2014 Mini Cooper Countryman — $207 per month/34 months
Mini's own small crossover is available at $8 a month over the price point after $3,222 at signing. The term of the lease is now 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 July 31.
2014 Mini Cooper Paceman — $207 per month/34 months
Mini's sportiest body style (a stubby fastback) is now available for $207 after you've forked over $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 their end. Offer ends July 31.
2014 Mitsubishi Lancer Sportback ES CVT — $199 per month/24 months
It's the five-door nearly-a-wagon version of Mitsu's compact sedan and it can be yours for $2,898 down on a short two-year, 24,000 mile lease. Opt for the four-door sedan and the monthly price drops to $189 and the initial buy-in is down $10 to $2,888. Offer ends July 31.
2014 Mitsubishi Outlander 2.4 ES 2WD — $209 per month/36 months
This solid, easygoing and rather large SUV was available $10 cheaper per month two months ago. Now you need $209 per month plus a stout $3,358 at signing through Mitsubishi Credit. Additional miles after 36,000 are 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 July 31.
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 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 July 31.
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 price at 15 cents each. Offer ends July 31.
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 July 31.
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 extra miles at 15 cents each. Offers end September 30.
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 who make a two-year commitment need $200 a month after the same initial payment. Offer ends September 30.
2014 Smart Cabriolet Passion — $199 per month/36 months
The droptop version of this tiny car hits the $199 target after only $1,493 down. But that only buys 30,000 miles of use and additional miles are 25 cents each. Offer ends July 31.
2014 Smart Electric Drive Cabriolet — $199 and $209 per month/24 and 36 months
It's the Cabriolet version of the Smart Fortwo without internal combustion. The $199 lease goes for three years and 30,000 miles after a $1,294 initial buy-in. The $209 lease goes two years and needs $1,889 to start. Additional miles on both are a steep 25 cents each. Offer ends July 31.
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 July 31.
2014 Subaru Legacy 2 — $189 to $291 per month/36 months
Soon to be 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 CVT automatic transmission is available at $243 per month with $0 due at signing. And the Limited with the CVT goes $291 with $0 at signing. All the leases run 36 months and 36,000 miles with additional miles at 15 cents each. Offer ends June 31.
2014 and 2014.5 Toyota Camry LE — $189 to $219 per month/36 months
Toyota brings the Camry LE in at only $189 to $219 per month on a 36-month lease with a 36,000-mile allowance depending on what region it's being sold in. Combine that with a very low $999 due at signing and this is a very attractive offer. This is a regional offer however and will vary with your location — in some locations the price will drop to $189 month on a 24-month lease. There will be a $350 disposition fee at lease end in most regions. Offers end August 4.
2014 Toyota Camry Hybrid and Hybrid LE — $199 to $219 per month/24 months
It's a true hybrid sedan for regular sedan money. It takes $1,699 or $1,799 at signing and $199 or $209 per month depending on region and allows a full 1,000 miles a month. Offers end August 4.
2014 Toyota Corolla S or LE — $199 per month/24 or 36 months
The roomy, if not exceptionally exciting, Corolla compact sedan comes it at the price point in both S and LE trim levels and with only $999 due at signing. And that's at either 24- or 36-month lease lengths — but remember, you're amortizing that $999 over only two years instead of three if you go for the shorter term. Offers end August 4.
2014 Toyota Prius — $209 per month/24 months
The iconic hybrid is available at this price point after $2,199 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 August 4.
2014 Toyota Prius C — $199 per month/36 months
Toyota's most compact hybrid is available 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. Offer ends August 4.
2014 Toyota RAV4 — $199 per month/24 months
This popular compact crossover, still fresh to the market in this generation, is available for $199 per month on a short 24-month lease after $1,999 at signing. There's also a $350 disposition fee at lease end. Ouch. The lease allows 24,000 miles of use with additional miles at only 15 cents each. Offer expires August 4.
2014 Volkswagen Jetta SE 1.8T — $199 per month/36 months
It takes $2,349 at signing to get into a true diesel for $199 per month. Any miles beyond 36,000 will be charged at 20 cents each. Offer ends July 31.