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 May 5, 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. Watch out, however, for additional charges like unaccounted acquisition and lease-end disposition fees. 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 between 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. 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 premium deals are generally available only to customers with sterling credit ratings. There may be other programs for less stellar credit cases. 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.
2015 Buick Encore — $199 per month/24 months
Buick's small and versatile crossover comes in at the price point after $1,999 at signing. Keep in mind that the lease is for only two years and only covers 20,000 miles of use. Offer ends June 1.
2015 Buick Verano — $199 per month/39 months
Buick's smallest sedan can be had for $1,039 at signing and only $199 a month — if you're coming out of another GM lease. It's a solid deal, but you'll need $2,539 if you're a new-to-GM lessee and it includes just 10,000 miles of use per year. Additional miles are 25 cents each. Offer ends June 1.
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. It costs $1,929 at signing if you're a current GM lessee. And it's $2,429 at signing if you're not a current GM customer. Both those numbers are up $20 from last month. The $199 a month includes an allotted 20,000 miles, with additional miles priced at 25 cents each. Offer ends June 1.
2015 Chevrolet Malibu — $179 per month/36 months
Pay $1,519 at signing (if you're a current 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 current lessee, the buy-in is $2,019. The lease covers 30,000 miles of use, with additional miles charged at 25 cents each. Offer ends June 1.
2015 Chevrolet Sonic — $179 and $209 per month/39 months
Chevy's super adorable small car is available at prices a little bit below and a little bit above the target monthly price. At $179 per month you get the regular Sonic LT five-door after $1,869 at signing. Spend $209 per month and after $1,659 you get the Sonic Eco five-door with its 1.4-liter turbo engine that's rated at 40 mpg on the highway. Both leases run for 39 months and 32,500 miles of use. Offers end June 1.
2015 Chevrolet Trax — $199 per month/36 months
Chevy's smallest crossover SUV is nonetheless roomy, useful and easygoing. And after plopping down $2,069 at signing (a whopping $880 less than last month), it's yours at the price point for the next 36 months. But if you're a current GM lessee, that plop-down number is only $689 (also a massive $880 less than last month). The lease includes 30,000 miles of use, and additional miles are 25 cents each. Offer ends June 1.
2015 Chrysler 200 — $139-$199 per month/36 months
Chrysler's newest sedan is available at lease rates both at and lower than the $199 monthly target in several regionally advertised deals. Go to the New York metro areas and it's $139 per month after $2,999. Meanwhile, in Southern California there's the 200 S for $149 per month after $1,999. Also, in Burlington, Kentucky, the 200 S goes out after $1,399 at signing for $199 per month. All these example leases include 30,000 miles of use. The New York and Kentucky deals end May 18; the offer in Southern California ends June 1.
2015 Fiat 500e — $169 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. This month the featured lease runs to $169 per month with $1,999 due at signing. There's also a $395 disposition fee at the end of the lease. Oh yeah, you have to live in either California or Oregon to qualify for this deal. Dealer contributions will vary on leases, so keep that in mind when shopping. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends June 1.
2015 Ford C-Max Hybrid — $199 per month/24 months
A versatile hybrid, the C-Max is available at this price in a few locations around the country. The money due at signing is a steep $4,013, but that drops to $3,013 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 July 6.
2014 Ford Edge — $219 per month/24 months
Ford is clearing out its inventory of first-generation Edge models with a second generation on the way. The money due at signing varies greatly on regional deals, and so will the particular model featured. This particular deal was found in the Chicago area and needs $3,000 at signing. Deal ends July 6.
2015 Ford Escape — $179-$199 per month/24 months
This small SUV is again offered in some regions at $179 per month with $2,523 at signing for current Ford or competitive leaseholders. But that signing cost goes up to $3,523 if you don't have the 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 at a mere 21,000. Offer ends July 6.
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 July 6.
2015 Ford Fusion — $179-$219 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 the region and whether the customer is currently a Ford lessee or leasing a competitive car. That noted, these are short-term (24-month) leases that only allow 21,000 miles over their duration. Offer end July 6.
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 May 11.
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-miles-per-month allowance. Offer ends May 11.
2015 Honda CR-V — $209 per month/36 months
Honda's popular small SUV, the CR-V, is available at just $10 more than our target price point after $1,999 at signing. And that's for a full 36 months and 36,000 miles. Offer ends May 11.
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, and there will be a $400 disposition fee in most states. Remember, this is for a 2014 model-year car. Offer ends June 1.
2015 Hyundai Elantra GT — $179 per month/36 months
With offers on three model-year Elantra GTs, it's a bit dizzying at Hyundai. The 2015 edition goes off at $179 per month after $1,999 at signing. A full 1,000 miles per month is included. There will be a $400 disposition fee at the end of the lease. Offer ends June 1.
2016 Hyundai Elantra GT — $179 per month/36 months
Here's the updated 2016 Elantra GT at $20 under the price target. It takes $2,299 due at signing, and additional miles are 20 cents each. Plus there will be a $400 disposition fee in most states. Offer ends June 1.
2015 Hyundai Sonata SE — $199 per month/36 months
Hyundai's new version of its mainstream sedan is $1,999 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 June 1.
2015 Jeep Cherokee — $199 per month/36 months
Jeep has 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 allow only 30,000 miles of use during their terms. These deals (which vary in how much money is due at signing) may not be available at all in your area. Offers end June 1.
2015 Jeep Compass — $169-$199 per month/36 months
Have a hankering for the Compass? If you live in the Chicagoland area (or some other regions), a two-wheel-drive Compass can be leased at $199 per month after $2,999 at signing. Around New York City it's a 4x4 on the same terms. So shop around. Offers end June 1.
2015 Jeep Patriot — $159 and $199 per month/36 months
Jeep's other small crossover is available in several different featured leases depending upon region. Look out for differences not only in down payment, but mileage allowances while shopping. Offers end June 1.
2015 Kia Optima LX — $168-$189 per month/24 or 36 months
The stylish 2015 Optima is now available with lease terms under our price point on 24- and 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 June 1.
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 June 1.
2015 Mazda 3 i Sport Five-Door — $189 per month/36 months
Mazda's sporting compact comes in at our target price on 2015 models after $1,969 at signing in some regions. This lease has a 36,000-mile allowance and costs 15 cents per mile for additional miles. Offers end June 30.
2015 Mazda 6 — $189 per month/36 months
Mazda's fine-driving midsize sedan is available in several different regional leases. This one takes $1,999 at signing and $189 per month. Offers end June 30.
2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi's 2015 model-year compact four-door costs $189 per month after a $1,999 initial buy-in. Additional miles cost either 15 or 20 cents depending on which finance company (March Financial or Mitsubishi Motors Credit of America) writes the deal. Offer ends June 30.
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 cost 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends June 30.
2015 Mitsubishi Outlander Sport — $207 per month/36 months
This compact SUV is available at $207 per month after a $3,756 signing payment. Financed through Mitsubishi Motors Credit, additional miles after 36,000 cost 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends June 30.
2015 Nissan Altima 2.5 S — $179 and 189 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. There's $1,799 due at signing in some areas for a $179-per-month lease in some markets (New York City, for example). And it's different amounts down in other areas. These low monthly payments come with 12,000 miles a year of use and charge only 15 cents per additional mile. There is a disposition fee due at the end of the lease in most states. Offer ends June 1.
2015 Nissan Juke SL — $209 per month/36 months
Nissan's quirky Juke small SUV comes in just above the price point after $2,999 down. Nissan's deals this month are highly regionalized, so check the company's Web site or with a dealer. Offer ends June 1.
2015 Nissan Rogue Select — $189 and $196 per month/36 months
The previous-generation Rogue lives on as the Rogue Select with either front- or all-wheel drive. Go for the front-driver and it's $189 per month after $2,599 at signing for three years and 36,000 miles. Want all those wheels driven? Then the monthly hit goes up to $196 with the same terms. Offer ends June 1.
2015 Scion iQ — $189 per month/36 months
While the tiny iQ isn't for everyone, the someone who can use it can get it for only $189 per month with zero down at signing. That's nothing. Zip. Nada. Offer ends July 6.
2015 Scion tC — $249 per month/36 months
The 2015 tC is available at $50 more than the price point, but with zero money due at signing. The mileage allowance is 1,000 a month, with additional miles costing only 15 cents each. Offer ends July 6.
2014 Scion xB — $229 per month/36 months
Scion's practical and very square xB can be had now with no money at signing and for only $229 per month. It's a three-year lease with 1,000 miles of use per month. Offers end July 6.
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 June 1.
2014 Subaru Impreza 2.0i Premium — $209 and $219 per month/36 months
Subaru's smallest car is available without any money at signing. A total deal. There will be variances according to region and ZIP code. Offers end June 1.
2015 Subaru Legacy — $209 per month/24 and 36 months
It will take $1,979 at signing to get into a Legacy at this price. The lease includes 1,000 miles per month of use, with additional miles at 15 cents each. Offer ends June 1.
2015 Toyota Camry — $179-$199 per month/24 and 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. Or that there's a $350 disposition. Offers end June 1.
2015 Toyota Corolla — $169-$209 per month/24 and 36 months
Toyota's roomy and legendarily reliable Corolla sedan is available on some regional leases for $199 per month and in other areas at a bit more or less. The offers in your area will differ, and be careful to note whether all acquisition and disposition fees are included in the advertised price. Offers end June 1.
2015 Toyota Prius — $189-$219 per month/24 months
Toyota's iconic hybrid hatchback is available in some regions (but not all regions) on leases near our price point. Offers end June 1.
2015 Toyota Prius C — $169-$209 per month/24 or 36 months
Toyota's smallest hybrid is available under different terms in different regions. But all are close to $199 per month, with the money due at signing within a few hundred dollars of $2,000. Offers end June 1.
2015 Toyota Prius Plug-In — $219 per month/36 months
It's the rechargeable version of Toyota's eco warrior available on a strictly regional basis at this price after $1,999 at signing. We found this in the New York City area, but the Plug-In was more expensive in other areas. And this deal doesn't include a $650 acquisition fee or a charger. Offer ends June 1.
2015 Toyota Prius V — $209 and $219 per month/36 months
Toyota offers many regionally tailored leases on the large Prius V. Offers end June 1.
2015 Toyota RAV4 — $199 per month/24 and 36 months
Toyota has several regional lease offers on its popular RAV4. But read the fine print. Some don't include a $650 acquisition fee in the advertised price, and some also include disposition fees at the end of the lease, too. Offers end June 1.
2015 Volkswagen Beetle — $209 per month/36 months
It's the Classic Edition of the classic design Beetle available at just $10 over the target price after $1,999 at signing. Style doesn't come much cheaper. Offer ends June 1.
2015 Volkswagen Passat 1.8T S — $209 per month/36 months
The family-size sedan from VW is available at $10 above our price point on a 36-month lease that includes 1,000 miles per month of use. Offer ends June 1.
2015 Volkswagen Tiguan 2.0T S — $179 per month/36 months
VW's small crossover SUV is available at only $179 per month after $2,499 at signing. That's quite reasonable for this class of vehicle. The lease goes a full three years and 36,000 miles, with additional miles at 20 cents per mile. Offer ends June 1.
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