The $199 Lease Deals for September 2014

Making Sense of All the $199 per Month Lease Deals


  • 2014 Buick Encore

    2014 Buick Encore

    2014 Buick Encore. | March 06, 2014

52 Photos

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 September 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.

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

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 SUV packs a lot of style in a short 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 $4,259 or $3,759 (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 September 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 long-term (39-month) but low-mileage (32,500 miles total) lease that's not going to be right for many drivers. There's $2,439 due at signing for current non-GM lessees and owners, which represents a $500 discount offered to everyone else. Offer ends September 30.

2014 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. Don't get to thinking this is for a supercharged V8 ZL1 or race-ready Z/28, however. This is the base 2014 Camaro V6 in comfortable "2LS" configuration. The $2,879 needed at signing is substantial but not unreasonable. And the 2014 and 2015 Camaros are almost indistinguishable. Offer ends September 30.

2014 Chevrolet Equinox LS — $199 per month/36 months
The $2,889 due at signing is a $330 drop from last month's deal, and this relatively large and useful crossover SUV is consistently one of Chevy's best-sellers. The $199 a month includes an allotted 36,000 miles, with additional miles priced at 25 cents each. Offer ends September 30.

2014 or 2015 Chevrolet Malibu LT — $189 or $219 per month/36 months
Chevy's mainstream Malibu sedan leases for $10 below our price point after $1,999 at signing — but that covers only 30,000 miles over three years of use and gets a 2014 model-year car. To goose that total mileage to 36,000 miles, the price rises to $219 per month and $2,259 down, and the Malibu you get is a 2015 model (virtually identical to the 2014). With additional miles priced at 25 cents each, the $219 deal is $160 cheaper over 36,000 miles than going for the $199 deal. So consider carefully how the car will be used before you choose. This isn't the turbocharged version or the most fuel-sipping version of the Malibu, but it's a comfortable ride that should remain attractive for 30,000 or 36,000 miles. Offer ends September 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 $2,329 payment at signing (up $160 from last month). While there's a 36,000-mile allowance, additional miles cost 25 cents each. Offer ends September 30.

2015 Chrysler 200 — $179 per month/24 months
Chrysler's all-new midsize sedan is undeniably attractive at only $179 per month. But the lease is only for two years and covers only 20,000 miles of use, with additional miles at 25 cents each. The $2,579 due at signing is something to consider as well. Offer ends September 30.

2014 Fiat 500L Pop — $199 per month/36 months
Fiat's versatile four-door wagon hits our price point with a $2,999 payment due at signing: up $300 from last month. The mileage allowance is 10,000 a year with additional miles at 25 cents each, and there's a $395 disposition fee due at lease end. Offer ends September 30.

2014 Ford Edge — $199 or $219 per month/24 months
A new version of the broad-shouldered Edge crossover is coming for 2015, so Ford is clearing out the 2014s with aggressive regional lease deal promotions. In some regions that can mean an all-wheel-drive SE model for $199 per month after a chunky $4,763 payment at signing. In others, it's SEL models with leather for $219 per month after $4,159 down. All seem to be for two years and 24,000 miles, with additional miles at 20 cents each. And no, not every region will offer every deal. Offers end September 30.

2014 Ford Escape SE FWD — $199 or $209 per month/24 months
This small SUV is again offered in some regions at $199 per month with $2,753 at signing for current Ford or competitive lease-holders. If you're not a current lessee, the price goes up to $209 per month after a $3,753 initial payment. Other regions have other offers on slightly different trim 2014 Escapes. The lease is only for two years and the mileage allowance is at a mere 21,000. Offer ends September 30.

2014 Ford Escape SE AWD EcoBoost — $189 or $199 per month/24 months
In some regions Ford is offering its 2014 Escape small SUV with all-wheel drive and the 1.6-liter EcoBoost turbocharged four at $189 per month with $2,753 at signing for current Ford or competitive lease-holders. If you're not a current lessee, the price goes up to $199 per month after a $3,753 initial payment. Other regions have other offers on slightly different trim 2014 Escapes, and this is not a national offer. The all-wheel-drive EcoBoost Escape is effective in all weather conditions, but this lease is only for two years and the mileage allowance is at a mere 21,000. 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 down to 21,000 over the 24-month lease. Additional miles cost 20 cents each. Keep in mind that this is a regional offer that isn't available in all markets. There are other lease offers on the Flex in other regions. Offer ends September 30.

2014 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 big differences in how much money is due at signing, ranging from $1,633 to $2,729 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 September 30.

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 $3,343 down (for new lessees who don't currently carry a lease) or just $2,843 (for current Ford or competitive lessees). Not a bad way to get zapped, and the restricted mileage allowance — 875 per month — may work for an electric. Offer ends September 30.

2014 Ford Mustang V6 Coupe — $229 per month/36 months
Ford's iconic Mustang is available in a few regions for $229 month after $2,639 at signing. This is, however, the outgoing 2014 model of the Mustang and not the all-new 2015 model. And while it's for the base V6 version, an automatic transmission is part of the deal. While this is $30 per month above our price point, it's here for comparison to Chevy's deal on the Camaro V6. Offer ends September 30.

2014 Honda Accord LX-S Coupe — $199 or $260 per month/36 or 35 months
The two-door Accord joins its brother sedan at our price point. Depending on where you live, it's available after $2,499 at signing. It's also available for $260 per month with no money due at signing on an odd 35-month lease. Additional miles are only 15 cents each either way, with the leases including 1,000 miles of use each month. Offer ends September 30.

2014 Honda Accord LX Sedan — $189 or $240 per month/36 or 35 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. Don't want to put any money down? Then go for a weird 35 months at $240 per month. Both include 1,000 miles per month. Offer ends September 30.

2014 Honda CR-V — $209 or $260 per month/36 or 35 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 CR-V is also available with zero down at $260 per month for an awkward 35 months. Both leases are for 1,000 miles per month, with additional miles at only 15 cents each. Offer ends September 30.

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 also be a $400 disposition fee in most states. Offer ends September 30.

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 are 20 cents each. There will be a $400 disposition fee in most states. Offer ends September 30.

2014 and 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. Nothing fancy, nothing bad and a lot that's very good. It requires $2,199 at signing for the 2014 model and $2,399 for the new 2015 version. Both now come with monthly payments at $199. 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 September 30.

2014 Kia Optima LX — $249 per month/39 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 30.

2014 Kia Soul LX — $239 per month/39 months
Kia's totally adorable small box car is available at $40 over the price point per month...but there's no money due at signing. Zero, zip, nada. However, this lease, while it goes 1,000 miles per month, runs a weird 39-month term. And there's a $400 disposition fee at lease termination. Offer ends September 30.

2014 Mazda 3 i Sport Five-Door — $199 per month/36 months
Mazda's sporting compact comes in at $199 a month with $1,999 at signing. This lease has a 36,000-mile allowance and 15 cents per mile for additional miles. Offer ends September 30.

2015 Mazda 6 Sport Automatic — $199 per month/36 months
The 2015 editions of the fine-driving Mazda 6 are available for $199 per month with $1,999 at signing. The lease goes 36 months with 36,000 miles and only 15 cents per mile for additional miles. Offers end September 30.

2014 Mini Cooper Clubman — $199 per month/32 months
Not just another mainstream midsize sedan, this is the non-turbocharged version of the Clubman, now available at the target price. A total of $2,924 is due at signing and there's another $350 disposition fee due at the end of the lease — which runs 32 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 September 30.

2014 Mini Cooper Countryman — $199 and $215 per month/32 months
Mini's small crossover is available in different trim levels for slightly different signing amounts and payments per month. The base Cooper is $199 per month after $2,924 down. The turbocharged Cooper S also goes at $199 per month but needs $3,600 at signing. And the Cooper S All4 with four-wheel drive is $215 per month after $3,785 down. Each lease is 32 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 September 30.

2014 Mini Cooper Paceman — $199 per month/32 months
Mini's sportiest body style (a stubby fastback) goes for $199 after $2,824 at signing. The lease only goes 10,000 miles a year (833 miles per month) and there's a $350 disposition fee at its end. Offer ends September 30.

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. Offer ends September 30.

2015 Mitsubishi Lancer Sportback ES CVT — $209 per month/36 months
This is the 2015 model-year, five-door nearly-a-wagon version of Mitsu's compact after $2,958 down at $209 per month. Offer ends September 30.

2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi's 2015 model-year compact four-door goes for $189 per month after a $2,888 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 September 30.

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 $2,958 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 cost 20 cents each. Offer ends September 30.

2014 Nissan Altima 2.5 S — $189 per month/36 months
There's $1,999 due at signing in some areas. And it's $2,699 down in others. 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 September 30.

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 costing only 15 cents each. There will be a disposition fee at lease end. Offer ends September 2.

2014 Nissan Leaf S — $199 per month/36 months
Built strictly as an electric car, the Leaf is now available on a low $199/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 priced at 15 cents each. Offer ends September 30.

2014 Nissan Rogue Select S FWD — $179 per month/36 months
Don't get giddy at this low price, because 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 September 30.

2014 and 2015 Scion tC — $179-$205 per month/24-36 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 additional miles only 15 cents each. Offers end September 30.

2014 Scion xB — $189-$200 per month/24-36 months
Scion's practical and very square xB hits the $189 mark after a $1,999 payment at signing for 36 months. Those willing to make a two-year commitment need $200 a month after the same initial payment. Offer ends September 30.

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 September 30.

2014 and 2014.5 Toyota Camry — $179 and $189 per month/24 or 36 months
Toyota has slight variations on leasing 2014 and 2014.5 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 $350 disposition fee at lease end in most regions. Offers end September 30.

2014 Toyota Corolla SE or LE — $199 per month/36 months
The roomy, if not exceptionally exciting Corolla compact sedan comes in at the price point in both S and LE trim levels and with only $999 due. But this is a regional offer not valid in all areas. Signing cash and payments will vary. Offers end September 30.

2014 Toyota Prius — $189 or $199 per month/24 months
The iconic hybrid comes at this price point after $1,899 or $2,399 at signing in some regions, 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 September 30.

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 due at lease signing. And the lease runs 36 months with 1,000 miles a month. Additional miles are only 15 cents each. This offer is limited to only a few regions, however. Offer ends September 30.

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 $2,299 at signing. Additional miles are only 15 cents each. Offer ends September 30.

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 $1,899 at signing in some — but not all — regions. There's also a $350 disposition fee at lease end. The lease allows 24,000 miles of use, with additional miles at only 15 cents each. Offer ends September 30.

2014 Toyota Venza — $199 per month/24 months
Toyota keeps dozens of different lease deals going at any one time, and they may or may not be available in your region. But if you're lucky, then right now in your region Toyota is offering the big, brawny, versatile Venza on a two-year/24,000-mile lease at only $199 per month after $2,699 due at signing. The supply of 2014 Venzas is likely limited, so don't dawdle if you want one. Offer ends September 30.

2014 Volkswagen Beetle 2.5L — $199 per month
VW's neat Beetle coupe with the base 2.5-liter four and manual transmission hits our price point after a $2,349 signing payment. Most buyers will prefer an automatic, however, and that's bound to be costlier. Offer ends September 30.

2014 Volkswagen Golf — $189 per month/36 months
This is the outgoing generation of the Golf with the 2.5-liter four-cylinder and an automatic transmission. It takes $2,349 at signing and the lease includes 1,000 miles a month, with additional miles at 20 cents each. Offer ends September 30.

2014 Volkswagen Jetta TDI — $189 per month/36 months
It takes $2,349 at signing to get into a true diesel for $189 per month. Any miles beyond 36,000 will be charged at 20 cents each. Offer ends September 30.

2014 Volkswagen Passat 1.8T S — $189 per month/36 months
Here is VW's roomy 2014 Passat for only $189 per month after $2,349 due at signing — and this month that includes an automatic transmission. The lease covers 1,000 miles a month, with additional miles at 20 cents each. Expect a $350 disposition fee at lease end. Offer ends September 30.

2015 Volkswagen Passat 1.8T S — $219 per month/36 months
The Passat is available with all the same terms as on the 2014 Passat above, but on the barely changed 2015 model for another $30 per month. If the model year matters, this is your deal. Offer ends September 30.

2014 Volkswagen Tiguan S — $209 per month/36 months
Bring $2,999 at signing and VW will put a Tiguan compact crossover in your garage for the promise of paying $209 per month. The lease covers 1,000 miles per month, with additional miles at 20 cents each. We've also included the lease terms on the 2015 Tiguan that are at $319 per month after a $2,349 signing payment. And there will be a $350 disposition fee at lease end on either. Offer ends September 30.

Most Recommended Comments

By zimtheinvader
on 04/08/14
7:58 AM PST

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.

Recommend  (112) (16)

Report it


By stingray73
on 05/30/14
10:54 AM PST

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.

Recommend  (106) (38)

Report it

ADVERTISEMENT
ADVERTISEMENT

Know Before You Go to the Dealership

GEICO

Free Insurance Quote
advertisement

ADVERTISEMENT