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 websites at or near $199 a month. While all were featured as of November 4, 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 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 have slightly higher monthly payments. Try to find a lease that strikes a balance among 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 a good starting point.
2015 Buick Encore — $175 per month/24 months
Buick's small and versatile crossover is available for as little as $175 a month — if you're a lessee of a competitive vehicle and can accept that it's a 2015 model instead of a 2016. Keep in mind that this lease is for only two years and only covers 20,000 miles of use. Offers are likely to vary by region. Offers end November 30.
2016 Chevrolet Equinox LT — $189 per month/24 months
The Equinox is a large and useful crossover SUV and consistently one of Chevy's best sellers. The $189 a month includes an allotted 20,000 miles, but the money due at signing (as low as $889) differs according to region and whether or not the customer is coming out of a competitive lease. Offer ends November 30.
2016 Chevrolet Impala — $219 per month/39 months
While that $219 is $20 over the target price, a big, comfy, cushy Impala sedan for only $219 per month will be tempting to many. Due at signing is a stout $3,699, or just $2,199 if you're coming out of a competitive lease. Offers end November 30.
2016 Chevrolet Malibu — $179 per month/24 months
Pay nothing at signing (if you're a current GM vehicle lessee in the Chicago area, for instance) and a Chevy dealer will hand over a new 2016 Malibu sedan for you to drive for the next two years at only $179 per month. Other regions have similar deals or slight variations. If you aren't coming out of a competitive lease, there are different terms that also result in a $179 per month payment. These leases cover 20,000 miles of use, with additional miles charged at 25 cents each. Offers end November 30.
2016 Chevrolet Traverse — $219 and $249 per month/24 months
Chevy's largest crossover is now being offered in regional leases for only $20 past the $199-per-month target price. The money due at signing can be steep (more than $3,700 for some regional offers) but there's a $1,500 discount if you're coming out of a competitive lease. Also, these leases only run two years, with 20,000 miles of use. Offers end November 30.
2015 Chevrolet Trax — $186 per month/39 months
If you're a current non-GM lessee, getting into a new 2015 Trax will take only $186 a month for 39 months. That buy-in number rises to $686 if you're not a current lessee. The lease includes 30,000 miles of use, and additional miles are 25 cents each. Offer ends November 30.
2016 Chrysler 200 — $189 and $229 per month/42 months
Chrysler's midsize sedan is available in the New York City area for $2,999 at signing and $189 per month. Other regions may have other offers. Shop carefully. While this offer is above our target price, the 200 is competitive with many vehicles listed here and is provided for comparison. Offers end November 30.
2015 Fiat 500e — $169 per month/36 months
It's a true electric for the cost of a boring everyday car. Maybe it's even cheaper. But you need to live in either Oregon or California and put down $1,999 at signing. Also, there will be a $395 disposition fee at lease end. Dealer contributions vary and have been known to vary greatly with this car. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends November 30.
2016 Ford Escape — $229 per month/36 months
This regional offer is for a front-drive Escape in Southern California. It takes $2,609 at signing to get into it. Ford usually has more aggressive offers on the Escape in various regions, and your dealer may have one that was formulated after this list. Offer ends January 4.
2015 Ford Focus Electric — $199 per month/36 months
This is Ford's all-electric version of the Focus, available in some limited markets (this one is in Southern California) for $199 per month after $2,079 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 14.
2016 Ford Fusion — $139-$169 per month/24 and 36 months
Ford offers the 2016 Fusion in a vast number of variations, and this deal is offered on slightly different trims depending on region. There are also differences in how much money is due at signing depending on region, and whether the customer is currently a Ford lessee or leasing a competitive car. That noted, these are all low-mileage leases that only allow 875 miles per month over their duration. Offers end January 14.
2015 Honda Accord LX-S Coupe — $209 per month/39 months
The two-door Accord joins the sedan near our price point after $2,099 at signing; that's down $500 from last month. The lease includes 1,000 miles of use each month. Additional miles are only 15 cents each. Offer ends January 4.
2015 Honda Accord LX Sedan — $189 per month/39 months
The most popular version of the Accord sedan (four cylinders, automatic transmission, cloth interior) is available at $189 per 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 January 4.
2015 Honda CR-V — $209 per month/39 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. That's for a full 36 months and 36,000 miles. Offer ends January 4.
2015 and 2016 Hyundai Sonata SE — $179 and $199 per month/36 months
It's Hyundai's new version of its mainstream sedan. And it's yours to drive for $179 per month after $1,499 at signing. But that's for the 2015 model. If you want the 2016, the initial buy-in rises to $2,399 and the monthly cost is $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. Hyundai now seems to be updating its advertised lease deals every week. Offers end November 30.
2016 Jeep Cherokee — $199 and $239 per month/39 months
Jeep has very limited regional offers on various front- and four-wheel-drive versions of its hugely successful Cherokee starting at just $199 per month. With all these 39-month leases, you'll need about $3,000 at signing. These leases all allow only 10,000 miles of use per year; that's 32,500 miles over 39 months. Offers end November 30.
2016 Jeep Compass — $179 and $209 per month/39 months
Have a hankering for the Compass? In New York City, a 4x4 Compass can be leased at $179 per month after $3,199 at signing. In other areas it's a 4x4 for $209 per month after $2,999 at signing. It pays to shop around. These are low-mileage leases, so plan accordingly. Offers end November 30.
2016 Jeep Patriot — $169 and $199 per month/39 months
Jeep's Patriot is available in several different featured leases depending upon region. In New York, for example, it costs as little as $169 per month after $3,199 at signing. Look out for differences in down payment and mileage allowances while shopping. Offers end November 30.
2015 Jeep Renegade — $149-$243 per month/27 or 39 months
Jeep's new subcompact SUV is available in slightly different leases around the country. That includes at least one lease in the Chicago area at the $199-per-month price point after $3,299 down. Trim levels vary, there is a $395 disposition fee at the end of most of these leases, and both terms and mileage allowances may vary. Offers end November 30.
2015 and 2016 Kia Optima LX — $168-$222 per month/24 or 39 months
The stylish 2015 Optima is now available with lease terms near our price point on 24- and 39-month leases in various regions around the country. Check your specific ZIP code for the exact numbers. Offers end January 4.
2015 and 2016 Kia Soul — $179 and $189 per month/39 months
Pay $1,999 at signing and a base model of Kia's super-cute-ute Soul is yours. At least for 39 months. For $179 per month you get a 2015. And it's $189 for the 2016 model. Each lease comes with 39,000 miles of use. Offers end January 4.
2016 Kia Sportage — $199-$234 per month/24 or 39 months
Kia's small SUV comes in at our price point on several regional deals — and slightly higher or lower prices in other regions. Those we surveyed all ran either 24 or 39 months. Offers end January 4.
2015 and 2016 Mazda 3 Four-Door and Five-Door — $149-$229 per month/39 months
Why Mazda has these leases running 39 months is a mystery wrapped in a riddle and drowned in apricot nectar. But it is $179 per month after $1,999 at signing for the sporty hatchback. In other leases the hatch goes for $229 per month with nothing down. Or go for the four-door sedan and the prices drop to $149 per month after $1,999 at signing or $209 per month with nothing down. Offer ends November 30.
2016 Mazda 6 — $239 per month/36 months
Mazda's fine-driving midsize sedan is available in several regional leases. This one is $239 per month but requires nothing down at signing. Offer ends November 30.
2015 and 2016 Mini Cooper Countryman — $199 and $249 per month/36 months
Mini's sort-of-a-crossover in Cooper form is available at $199 per month after $3,199 at signing — for a 2015 model. Want a 2016? That's $249 per month after $3,109 at signing. These leases run three years but only include 30,000 miles of use. Keep the $350 disposition fee at lease end in mind. Offers end November 30.
2015 and 2016 Mini Cooper and Mini Cooper S Hardtop — $199-$239 per month/36 months
It's the Mini coupe that brought the Mini back to life in both regular Cooper and higher-performance Cooper S forms. Go for a 2015 model, and the Cooper or Cooper S are available for $199 per month after $3,011 or $3,199 at signing. Those numbers go up for the 2016 models. Offers end November 30.
2016 Mitsubishi i-MiEV — $189 per month/36 months
Mitsubishi's small electric vehicle is available at $10 under our monthly price point in 2016 form, but it takes a stiff $3,388 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end January 4.
2015 Mitsubishi Lancer ES CVT — $189 per month/36 months
Mitsubishi's 2015 model-year compact four-door costs $189 per month after a $2,998 initial buy-in. Offer ends January 4.
2015 and 2016 Mitsubishi Outlander — $209-$219 per month/36 months
It's Mitsubishi's larger crossover with either two-wheel drive or all-wheel drive and price points close to our target, depending on trim. Prices also vary according to whether the leased vehicle is a 2015 or 2016 model. Offers end January 4.
2015 Mitsubishi Outlander Sport — $179-$241 per month/36 months
This compact SUV is available in all-wheel-drive GT trim at $207 per month after a $3,731 signing payment. Or go big for the Touring model and it's $241 per month after $3,790 at signing. Go small and settle for two-wheel drive and it's $179 per month after $3,378 at signing. Offers end January 4.
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. These low monthly payments come with 12,000 miles of use per year 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 November 30.
2015 Nissan Juke S — $199 per month/36 months
Nissan's quirky Juke small SUV comes in at our price point after $2,999 down. Nissan's deals this month are highly regionalized, so check the company's website or with a dealer. Offer ends November 30.
2015 Nissan Leaf S — $199 per month/36 months
Though it's a deal only for California and Oregon residents, getting the all-electric Leaf for just $199 per month after $2,399 at signing can be the right deal for the right commuter. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends November 30.
2015 Nissan Rogue — $194-$229 per month/36 months
Three years in the SL trim Rogue with front-wheel drive can be had for $2,699 at signing and $194 per month…if you happen to live in the Chicago area. The lease includes 1,000 miles per month, with additional miles for only 15 cents each. Other regions feature leases for the Rogue that are tailored differently. Note that this is for the current Rogue, not the previous-generation Rogue Select. Offer ends November 30.
2016 Scion iM — $199 per month/36 months
It's Scion's newest five-door hatchback at our price point after $1,999 at signing. Offer ends January 4.
2015 and 2016 Scion tC — $179 and $199 per month/36 months
The sporty 2016 tC is available at the price point after $1,999 at signing. Go for the 2015 model and save $20 a month on the payment, but at the same terms otherwise. Offers end January 4.
2015 Scion xB — $189 per month/36 months
Scion's practical and very square xB can be had now for $189 per month after $1,999 at signing. Offer ends January 4.
2015 Smart Fortwo Electric Cabriolet — $199 and $219 per month/24 and 36 months
It's both a convertible and an electric car for a relatively low lease price. It's ideal if you live in San Diego! It takes $1,493 at signing and $199 per month for 36 months. If the term is shortened to two years, the buy-in rises to $1,513 and the monthly nut goes to $219. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end November 30.
2015 Smart Fortwo Passion Cabriolet — $209 per month/36 months
So adorable it should qualify as a plush toy. So fuel-efficient it's like stuffing crude oil back into the ground. It's the teeny tiny Smart Cabriolet for just $209 per month after $1,503 at signing. It's the perfect car for your daughter if she lives in Newport Beach! Offer ends November 30.
2015 Subaru Impreza — $209-$219 per month/36 months
Subaru's smallest car is available with no money down at signing — as a four-door or five-door hatchback. There will be variances according to region and ZIP code. Offers end November 30.
2015 and 2016 Subaru Legacy — $199-$209 per month/24 and 36 months
That's $199 per month for the 2015 (with $1,869 at signing) and $209 (after $1,979) for the 2016. The leases include 1,000 miles per month of use, with additional miles costing 15 cents each. Offer ends November 30.
2015 and 2016 Toyota Camry — $179-$219 per month/24 and 36 months
Toyota has slight variations on 2016 Camry leases 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 fine print. Offers end November 30.
2015 Toyota Prius — $179-$209 per month/24 or 36 months
Toyota's iconic hybrid hatchback is available in some regions (but not all) on leases near our price point. Offers end November 30.
2015 Toyota Prius V — $209 per month/36 months
Toyota offers many regionally tailored leases on the large Prius V somewhere near our price point. This particular lease is offered in the New York City area. Be careful to account for the $350 disposition fee and the $650 acquisition fee. Neither is included in the advertised price. Offers end November 30.
2015 Toyota RAV4 — $199 per month/24 and 36 months
Toyota has several regional lease offers on its popular RAV4 that fall near our price point. 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 November 30.
2015 Toyota Yaris — $189 per month/24 months
Bring $1,999 at signing and drive off with a Yaris for 24 months at $189 per month. This regional deal was found in the Chicago area. Offers in your area will vary. Offer ends November 30.
2016 Volkswagen Beetle — $289 per month/36 months (35 payments)
It's the retro-design Beetle 1.8T S coupe, available well above the target price! But there's nothing due at signing and VW waives the first month of payment. Offers end January 4.
2016 Volkswagen Jetta S — $219 per month/36 months (35 payments)
VW's economical and comfortable Jetta is available for only $20 over the price point for a 2016 model. And that's with no money at signing and the first month paid. Offer ends January 4.
2016 Volkswagen Tiguan — $279 per month/36 months (35 payments)
VW's small crossover SUV is available at only $279 per month with no money due at signing. And the first month is paid — that's 35 payments for 36 months of use. The lease goes three years and 36,000 miles, with additional miles costing 20 cents each. Offers end January 4.
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