February's $199 Lease Deals | Edmunds.com
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The $199 Lease Deals for February 2015

Making Sense of All the $199 Month Lease Deals


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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 February 3, 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. 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.

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 Acura ILX — $209 per month/36 months
All the quality of a Honda, but with slightly more prestige and a price tag only $10 more per month than our target price. It's $2,399 at signing, but the lease covers only 10,000 miles of use per year. Offer ends March 2.

2015 Buick Encore — $199 per month/24 months
Buick's super-cuddly small crossover comes in at the price point after $1,999 at signing. But the lease is only for two years and covers only 20,000 miles of use. This is a regional offer which isn't available nationwide. Offer ends March 2.

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 bestsellers. It's $2,589 at signing if you're not a current GM owner or lessee. And it's only $1,589 at signing if you're a current GM customer. The $199 a month includes an allotted 20,000 miles, with additional miles priced at 25 cents each. Offer ends March 2.

2015 Chevrolet Malibu — $179 per month/36 months
Pay $2,719 at signing (if you're a current non-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 competitive lessee, the buy-in is only $1,719. The lease covers 30,000 miles of use, with additional miles charged at 25 cents each. Offer ends March 2.

2015 Chevrolet Trax — $199 per month/36 months
Chevy's smallest SUV can be had for just under our price cap, though it will cost you less if you're a current GM owner. If that's the case you'll part with $2,089 at signing. If not, you'll pay $2,589. The terms are for 30,000 miles over three years and additional miles are charged at 25 cents each. Offer ends March 2.

2015 Fiat 500 — $199 per month/36 months
Designed in Italy and built in Mexico, the stylish 500 Sport hatchback is available at this price point with nothing due at signing. That's zip, nada, nothing. But this is a regional deal that's not offered in all areas. The lease is good for 36 months and 1,000 miles per month. Offer ends March 2.

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. Last month it was $199 a month after $999 down. This month it drops to $169 per month, but the money due at signing rises to $1,999. 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. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 2.

2014 Ford C-Max Energi — $199 per month/24 months
The C-Max Energi is a true plug-in hybrid for the same monthly cost as an ordinary sedan. But the lease is only 24 months long, it only allows 875 miles per month and the buy-in at signing is a steep $2,893. That buy-in drops to $1,893 if you're coming out of a Ford or competitive lease vehicle. This deal is limited to only a few parts of the country, but other deals are also available. Offer ends March 31.

2014 Ford C-Max Hybrid — $199 per month/24 months
A versatile hybrid, the C-Max is available at this price in only a few locations around the country. But other deals are offered elsewhere. The money due at signing is a steep $3,993, but that drops to $2,993 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 March 31.

2015 Ford Escape SE FWD — $189-$199 per month/24 months
This small SUV is again offered in some regions at $189 per month with $2,433 at signing for current Ford or competitive leaseholders. But that signing cost goes up to $3,433 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 March 31.

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 March 31.

2015 Ford Fusion — $179 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, 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 March 31.

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 cost only 15 cents each either way, with the leases including 1,000 miles of use each month. Offer ends March 2.

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-mile-per-month allowance. Offer ends March 2.

2014 Hyundai Accent — $169 per month/36 months
Hyundai's jazzy subcompact sedan can be leased for $1,899 at signing. For that you'll get 36,000 miles after which you'll pay 20 cents per mile. There's a $400 disposition fee in most states. Offer ends March 2.

2015 Hyundai Accent — $169 per month/36 months
It's the same Accent but one year newer for exactly the same money. You'll need to put down $1,899 at signing to get the 2015 model. Mileage allowance — at 1,000 per month — is the same, too. Beyond that you're into it for 20 cents per mile. There's a $400 disposition fee in most states. Offer ends March 2.

2014 Hyundai Elantra SE — $179 per month/36 months
Here's your basic compact sedan from Hyundai. This Elantra SE has an automatic transmission and you'll need to part with $2,299 at signing to take it home. You get a 1,000-per-month mileage allowance and a rate of 20 cents per mile after that. There's a $400 disposition fee in most states. Offer ends March 2.

2015 Hyundai Elantra — $159 per month/36 months
The 2015 model Elantra will cost less to lease. Hyundai asks for $1,499 at signing. Remaining terms are identical: 36,000 total miles and 20 cents per mile after that. There's a $400 disposition fee in most states. Offer ends March 2.

2014 Hyundai Elantra Coupe — $189 per month/36 months
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 March 2.

2014 Hyundai Elantra GT — $179 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 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 March 2.

2015 Hyundai Elantra GT — $179 per month/36 months
Want the 2015 model-year version of the five-door version of Hyundai's Elantra compact? Here it is at $179 a month and after $1,899 at signing — significantly cheaper than the 2014 model-year deal. Additional miles cost 20 cents each, and there will be a $400 disposition fee in most states. Offer ends March 2.

2014 Hyundai Sonata GLS — $199 per month/36 months
It's Hyundai's previous-generation mainstream sedan in its most mainstream configuration: four cylinders, front-wheel drive and with an automatic transmission. It costs $2,199 at signing and 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 March 2.

2015 Hyundai Sonata SE — $199 per month/36 months
It's Hyundai's new version of its mainstream sedan and it's only $1,899 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. Offer ends March 2.

2014 Hyundai Veloster — $179 per month/36 months
The stubby three-door 2014 Veloster Coupe is now available for $2,299 at signing. You'll get 36,000 miles over the three years with 20 cents per additional mile. There's a $400 disposition fee in most states. Offer ends March 2.

2015 Hyundai Veloster — $179 per month/36 months
Why not get the newest Veloster available? The 2015 model is even more appealing with $1,999 due at signing. The other terms are the same as the 2014 model — 36,000 total miles, 20 cents per additional mile and a $400 disposition fee in most states. This offer is regional. Offer ends March 2.

2015 Jeep Cherokee — $199 per month/36 months
Jeep has very limited, regional deals on various front-wheel-drive versions of its hugely successful Cherokee at just $199 per month. These 36-month leases all seem to offer only 30,000 miles of use during their terms. These deals (which vary mostly in how much money is due at signing) may not be available at all in your area. Offers end March 2.

2015 Jeep Compass — $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. Offer ends March 2.

2014 and 2015 Mazda 3 i Sport Five-Door — $189 per month/36 months
Mazda's sporting compact comes in at $10 less than our target price on either 2014 or 2015 models. The 2014 needs $1,999 at signing, while the 2015 is advertised at only $1,969. These leases have a 36,000-mile allowance and cost 15 cents per mile for additional miles. Offers end March 2.

2015 Mini Cooper Hardtop — $209 per month/40 months
There's a nuttiness to this Mini Cooper hardtop's available 40-month lease term. So go nutty...for $2,504 at signing. There is a $350 disposition fee at lease end. Offer ends March 2.

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 cost 20 cents each. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 2.

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 $2,988 initial buy-in. Additional miles are either 15 or 20 cents depending on which finance company (March Financial or Mitsubishi Motors Credit of America) writes the deal. Offer ends February 2.

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 charge at 15 cents per mile. If the vehicle is leased through Ally Financial, additional miles rise to 20 cents. Offer ends March 2.

2015 Mitsubishi Outlander Sport ES 2WD CVT — $189 per month/36 months
This solid compact SUV is available at $189 per month after a $3,388 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 rise to 20 cents. Offer ends March 2.

2015 Nissan Altima 2.5 S — $189 and $246 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. There's $1,999 due at signing in some areas for a $189-per-month lease in some markets. And it's different amounts down in other areas. In some regions, the Altima is also available at $246 per month with nothing at signing. These low monthly payments come 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 March 2.

2015 Nissan Leaf SL — $199 per month/36 months
The pure electric Leaf hatchback is now available on a low $199-a-month lease after $2,399 at signing for the 2015 model. 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 (like, you have to live in California), but a full 36,000 miles is allowed, with additional miles priced at 15 cents each. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 2.

2015 Scion tC — $179-$201 per month/24 and 36 months
Scion has two lease offers on the 2015 tC coupe, and both require $1,999 at signing. It's $179 a month for 36 months or $191 a month for 24 months. The mileage allowance for all these is 1,000 a month, with extra miles costing only 15 cents each. Offer ends March 31.

2014 Scion xB — $179-$206 per month/24-36 months
Scion's practical and very square xB hits the $179 mark after a $1,999 payment at signing for 36 months. Those only willing to make a two-year commitment need $202 a month after the same initial payment. Anyone who wants the "Release Series 10.0" version of the xB will have to pony up $206 per month for 36 months. Offers end March 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 March 2.

2014 Subaru Impreza 2.0i Premium — $209 per month/36 months
Subaru's redesigned compact is available without any money due at signing. A total deal. There will be variances according to region and ZIP code. Offers end March 2.

2015 Subaru Legacy — $209 per month/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 March 2.

2015 Toyota Camry — $189-$209 per month/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. Offers end March 2.

2015 Volkswagen Passat 1.8T S — $209 per month/36 months
Here is VW's roomy Passat for $209 per month after $1,999 at signing. Expect a $350 disposition fee at lease end. Offer ends March 2.

2015 Volkswagen Tiguan 2.0T S — $179 per month/36 months
VW's small crossover SUV is available at only $179 per month after $2,999 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 costing 20 cents per mile. Offer ends March 2.

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


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Comments

  • 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.

  • bassrockerx bassrockerx Posts:

    i read the whole list and i think the standouts are the toyota camry hybrid for 199 with only 1800 due at signing and the mazda 3 sedan for a very low $149 a month(wow!) also the fiat 500 sport for only 200 dollars a month is not that bad a deal either conidering the depretiation on these cars are pretty high so after 3 years are up you might actually come out ahead, especially if 3 years down the road fiat is not doing so well you might even get a very nice purchase price on the car should you chose to keep it when the lease is up. another standout is the chevy cruze lt with 0 down and the equinox and CR-V on this list as well.

  • stingray73 stingray73 Posts:

    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.

  • mohora mohora Posts:

    thank you for posting this list. im coming out of a 2yr lease and this helps me sort through my choices. i can choose and then go to dealers with my homework in hand. many times in the past i have found that some dealers try to add on prep cost to the deal

  • adantium adantium Posts:

    Great job John! Is it possible for you to make a similar list for the Canadian market? I bet many of us regular visitors would really appreciate it.

  • What is a good price reduction on a 2015 Toyota Highlander AWD Platinum Limited, MSRP $45,583? If I leased for 24 or 36 months, what are the residuals and money factors Toyota would use for 15,000 per year?

  • Leasing can be a great alternative to buying a car the traditional way. If you have to put all kinds of money "down" it really doesn't make much sense. I can show you how to buy the car after your next in cash and stay in this cycle. I sold cars for years, now I help folks save money buying or leasing their next car. "I Never Wore Plaid" Joel Grey www.ineverworeplaid.net

  • daveinolywa daveinolywa Posts:

    my LEAF was zero drive off (actually was less than that since I got a check for $47 back from the dealer for registration fees returns) and $245.75 a month for 15,000 miles annually on a 3 year lease. with 35 payments, It works out to 19 cents per mile. so maybe not $199 but at least I did not have to pony up a minimum of 2Gs up front

  • chanelm chanelm Posts:

    I'm looking for dealerships in MA or RI that will accept my leased sedan trade in so I can buy or lease a SUV. We now have twins on the way. Any suggestions anyone? Obviously, I don't want to pay penalties and I know dealerships sometimes have specials to offer. Thanks, C

  • barryhuber barryhuber Posts:

    If a "$199" lease requires cash down, then it is not a $199 lease. This article is misleading. $2000 down means the real lease payment comes out to more like $260 before taxes. Why not just be honest?

  • redgeminipa redgeminipa Posts:

    The ONLY time you should put money down on a LEASE is if you are trading in with negative equity, or just covering the first, last and security deposit. YOU ARE RENTING THE VEHICLE on a lease! You may have options to buy out the lease at the end, but you'll end up paying more than a comparable low interest finance, plus you'll end up paying for at least 8 years. If you drive a lot, forget leasing. You'll be in a world of hurt when it's time to turn it in. Leases can be negotiated, too! I'm shocked Edmunds, of all sites, isn't smart enough to touch this subject in this article.

  • mittzombie mittzombie Posts:

    If you have to lease a car that you don't deduct from business expenses then you can't afford it.

  • barryhuber barryhuber Posts:

    If you have to lease a car that you don't deduct from business expenses then you can't afford it.
    Nonsense. Or you desire a car more frequently than most and with the right leases you can pay less than it would cost to buy the car and resell it every 3 years. Like all financial decisions there is some give and take. Logic isn't the only factor driving car ownership/rental. You cannot buy a german car and resell it every 3 years for the same low amount you can lease... especially if you're good at playing with MSDs, rebates, drive events, euro delivery, etc. Simply can't be done. Is it as prudent as buying an accord and holding for 10 years? No. But if you want a new car frequently, there are ways to save over buying. Just it takes quite a bit more than this lame article can convey.

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