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 July 9, 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 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. 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 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.
2015 Buick Encore — $190 per month/24 months
Buick's small and versatile crossover comes in at 9 bucks under the price point after $1,690 at signing in some regions (including Southern California). And if you're a current lessee of a competitive vehicle, that initial buy-in drops to just $190. Keep in mind that the lease is for only two years and only covers 20,000 miles of use. Offer ends July 31.
2015 Buick Verano — $199 per month/36 or 39 months
Buick's smallest sedan can be had for $199 at signing and only $199 a month — if you're coming out of another GM lease and want to keep the car for 36 months. It's a solid deal, but you'll need up to $2,539 if you're a new-to-GM lessee and want the car for 39 months. So the deals vary, but they all include just 10,000 miles of use per year. Additional miles are 25 cents each. Offers end July 31.
2015 Chevrolet Equinox LT — $199 per month/24 months
The Equinox is a spacious and useful midsize 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 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 August 31.
2015 Chevrolet Malibu — $169 per month/36 months
Pay nothing 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 at only $169 per month. If you're not a current lessee, the buy-in is $1,500. The lease covers 30,000 miles of use, with additional miles charged at 25 cents each. Offers end August 31.
2015 Chevrolet Trax — $199 per month/36 months
Chevy's smallest crossover SUV is nonetheless roomy and useful. And after plopping down $1,439 at signing, 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 $939. The lease includes 30,000 miles of use, and additional miles are 25 cents each. Offer ends August 31.
2015 Chrysler 200 — $269 per month/36 months
Chrysler's newest sedan is available in the New York City area for nothing at signing, but $269 per month. Other regions may have other offers. Shop carefully. Offers end July 20.
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 August 3.
2015 Fiat 500L — $189, $199 and $219 per month/36 months
Fiat's larger 500L is available in Pop trim at our price point after $2,699 at signing. Go for the Trekking trim package and the price rises to $219 per month after the same buy-in. Or move to the Easy trim level and the buy-in drops to $1,999 and only $189 per month. All are for 36 months and 30,000 miles. Remember to account for the $350 disposition fee at lease end. Offer ends August 3.
2015 Fiat 500 Sport — $139-$189 per month/36 months
The almost iconic Fiat 500 Sport is available in various regional offers with a wide range of buy-ins and monthly payments. So shop around and pay attention to disposition fees. Offers end August 3.
2015 Ford C-Max Hybrid — $139-$199 per month/24 or 36 months
A versatile hybrid, the C-Max is available in various regional deals around the country. The $199-per-month deal, for example, is for an SE model after $2,659 at signing in Southern California. It runs 36 months with 31,500 miles of use. Offers end September 30.
2015 Ford Escape — $169-$219 per month/24 or 36 months
This small SUV is again offered in some regions at $169 per month with $2,513 at signing for current Ford or competitive leaseholders. But that signing cost goes up to $3,513 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 a mere 21,000. Offer ends September 30.
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 $2,089 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends September 30.
2015 Ford Fusion — $149-$209 per month/24 and 36 months
Ford offers the Fusion in a vast number of variations, and this deal is offered on slightly different trim models depending on the 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 low-mileage leases that only allow 875 miles per month over their duration. Offer end September 30.
2015 Honda Accord LX-S Coupe — $209 per month/36 months
The two-door Accord joins its brother sedan near our price point after $2,099 at signing; that's down $500 from last month. Additional miles are only 15 cents, with the lease including 1,000 miles of use each month. Offer ends September 7.
2015 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 for $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 September 7.
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. That's for a full 36 months and 36,000 miles. Offer ends September 7.
2015 Honda CR-Z — $199 per month/36 months
Honda's two-seat hybrid comes in at our price point after $2,699 at signing. The lease runs for three years and 36,000 miles. Offer ends September 7.
2015 Hyundai Elantra GT — $179 per month/36 months
It's the sporty five-door variation on Hyundai's compact sedan at a full $20 below our price point after $1,999 at signing. The three-year lease includes 36,000 miles of use. Offer ends July 31.
2015 and 2016 Hyundai Elantra SE — $159 and $179 per month/36 months
The conventional four-door Elantra sedan is available in 2015 or 2016 form for $159 per month (for the 2015 model) or $179 per month (for the 2016) after $1,499 at signing. These three-year leases include 36,000 miles of use. Offers end July 31.
2015 Hyundai Sonata SE — $179 per month/36 months
It's Hyundai's new version of its mainstream sedan. And it's $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 July 31.
2015 Hyundai Veloster — $179 per month/36 months
With its three side doors and slick styling, the Veloster is one of Hyundai's most exuberant cars. Pony up $1,999 at signing and you can get one for $179 per month over a three-year lease with 36,000 miles of use. Offer ends July 31.
2015 Jeep Cherokee — $189 and $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 $189 and $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 August 3.
2015 Jeep Compass — $149-$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 for $149 per month with similar terms. Offers end August 3.
2015 Jeep Patriot — $159 per month/36 months
Jeep's other small crossover is available in several different featured leases depending upon region — for as little as $159 per month after $2,999 at signing in the New York City area. Look out for differences in down payment and mileage allowances while shopping. Offers end August 3.
2015 Kia Forte LX — $199 and $209 per month/36 months
Kia's small sedan is available at our price point, or for 10 bucks more in many markets after — get this — no money at signing whatsoever. The leases run 36 months and 36,000 miles but there is a disposition fee at lease's end. Offer ends September 8.
2015 Kia Optima LX — $170-$239 per month/24 or 36 months
The stylish 2015 Optima is now available with lease terms near our price point on 24- and 36-month leases in various offers around the country. There are even $229/month and $239/month leases available in some markets with no money due at signing. These leases vary from region to region, however, so no one lease in particular may be available in your area. Offers end September 8.
2015 Kia Soul — $229 per month/36 months
The 2015 version of Kia's Soul is available in some regions at $229 per month after with nothing — zero, zip, nada — due at signing. Even a hamster would be tempted. Offer ends September 8.
2015 Mazda 6 — $199 per month/36 months
Mazda's fine-driving midsize sedan is available in several regional leases. This one takes $1,999 at signing and $199 per month. Offers end August 31.
2016 Mitsubishi i-MiEV — $189 per month/36 months
Mitsubishi's small electric vehicle is available at $10 under our monthly price point, but it takes a stiff $3,388 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends July 31.
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. Offer ends July 31.
2015 Mitsubishi Outlander — $199, $209 and $240 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. Pony up $3,489 and you can get the GT model for $240 per month. Offers end July 31.
2015 Mitsubishi Outlander Sport — $179, $207 and $241 per month/36 months
This practical 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. Offer ends July 31.
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 July 31.
2015 Nissan Juke SL — $189 per month/36 months
Nissan's quirky Juke small SUV comes in just below the price point after $2,999 down. Nissan's deals this month are highly regionalized, so check the company's website or with a dealer for the terms in your area. Offer ends July 31.
2015 Nissan Rogue Select — $179 and $187 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 $179 per month after $2,599 at signing for three years and 36,000 miles. Want all those wheels driven? Then the monthly chit goes up to $187 under the same terms otherwise. Offers end July 31.
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 August 31.
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 $249 per month. It's a three-year lease with 1,000 miles of use per month. Offer ends August 31.
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 July 31.
2015 Smart Fortwo Passion Cabriolet — $209 per month/36 months
Want an open car cheap? Then plunk down $1,503 at a Smart dealer and take delivery of this drop top for only $209 per month. Then 36 months later, after up to 30,000 miles of use before additional mileage charges kick in, turn it back in. And the dealership will expect you to pay a $395 disposition fee then. Offer ends July 31.
2014 Subaru Impreza 2.0i Premium — $209 and $219 per month/36 months
Subaru's smallest car is available without any money at signing — as either a four-door or five-door hatchback. There will be variances according to region and ZIP code. Offers end August 3.
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 August 3.
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 even that there's a $350 disposition fee, too. Offers end August 3.
2015 Toyota Corolla — $169-$189 per month/24 and 36 months
Toyota's roomy and legendarily reliable Corolla sedan is available on regional leases just below $199 per month. 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 August 3.
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 August 3.
2015 Toyota Prius C — $179-$199 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 around $2,000 due at signing. Offers end August 3.
2015 Toyota Prius V — $209 per month/36 months
Toyota offers many regionally tailored leases on the large Prius V that are just over $200 per month. Offers end August 3.
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 August 3.
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 July 31.
2015 Volkswagen Passat 1.8T S — $179 per month/36 months
The family-size sedan from VW is available in 1.8T S form at $10 under our price point on a 36-month lease that includes 1,000 miles per month of use. Offer ends July 31.
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 July 31.
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