Competition is so intense in leasing that there are now factory-backed lease deals featuring monthly payments as low as $99. That's right: It's possible to be driving a brand-new car for less than $100 per month.
There aren't a lot of $99 per month deals out there, but we've found them. And there are a lot more deals on solid, entry-level, cars that can be had for under $179, our upper limit for this listing.
So here are the lease deals currently listed on their manufacturer's Web sites between $99 and $179 per month. While all were featured as of December 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. 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.
2014 Chevrolet Cruze — $159 per month/36 months
Chevy's popular small sedan, configured with most of its popular options, is available on a lease that covers 30,000 miles of use over three years. However, this is for the 2014 model year. For reference sake we've also listed the $189 per month lease on the 2015 model. Offer ends January 5.
2015 Chevrolet Sonic — $179 per month/36 months
Chevy's engaging subcompact is available after $2,489 at signing. Keep in mind that this covers only 30,000 miles of use over three years — that's just over 833 miles per month. Any additional miles beyond that allowance cost 25 cents each. Offer ends January 5.
2015 Dodge Dart SXT — $159 per month/36 months
Dodge's sleek, little Dart SXT comes in for a slightly strange 39-month lease period at $159 a month. Depending on where you live, you'll either need $2,299 or $2,999 at signing, and there's a $395 disposition fee at the end of the lease. Offer ends January 5.
2014 Ford Escape — $159 and $179 per month/24 months
Ford's popular small crossover is available in some (but not all) regions for as little as $159 per month. In the New York City area it can be found in SE all-wheel-drive trim for $159 per month with as little as $2,753 due at signing for current Ford and competitive lease holders. Keep in mind that these deals are for 2014 model Escapes, and supplies of those are likely to be limited. To check for deals in your area, go to Ford's Web site and enter your ZIP code. Offers end January 5.
2015 Ford Fiesta SE — $129 and $149 per month/24 months
Ford's sweet-driving Fiesta is available on this short lease that includes 875 miles per month of use. We found the $129 lease in New York on the hatchback model. The $149 per month offer is in Southern California on the four-door sedan. These deals may or may not be offered in your area. Offers end January 5.
2014 Ford Focus SE Sedan — $149 and $159 per month/24 months
It's Ford's popular small sedan, available in regional offers that range between $149 and $159 per month on a short two-year lease. The best of these we found — $149 per month after $1,793 at signing — is available to those coming out of a Ford or competitive lease in the New York City area. Offer ends January 5.
2014 Ford Fusion SE Sedan — $169 per month/24 months
Ford's midsize 2014 Fusion is available in a few — apparently very few — regions on a two-year lease at just $169 per month after $1,613 at signing if you're a current Ford or competitive lessee. If you're not currently in a lease, that signing money rises to $2,613. The leases are for 21,000 miles of use during the term. This particular deal was found in the New York City metro area. Offers end January 5.
2014 Honda Civic LX Sedan or Coupe — $149 per month/36 months
Honda's standard-setting Civic subcompact is available in two- or four-door form for only $159 per month. The coupe needs $2,299 at signing and the sedan $1,999 in Southern California and many other markets. In Northern California and other places it's $2,499 at signing for the sedan and $2,699 for the coupe. All the leases go 1,000 miles per month, with additional miles at only 15 cents per mile. Offers end January 5.
2015 Honda Fit — $149 per month/36 months
Honda's smallest car is available at this super-low monthly payment. It needs $2,699 down at signing. Offer ends January 5.
2014 Hyundai Accent Sedan — $169 per month/36 months
Hyundai's subcompact sedan is available at this price after only $1,899 at signing. Not only does the lease go three years, it covers 1,000 miles per month with additional miles at 20 cents each. Offer ends January 2.
2014 and 2015 Hyundai Elantra Coupe and Sedan — $169 to $189 per month/36 months
Both the 2014 and 2015 model Elantra sedans are offered at $179 and $169 per month, respectively; we have no idea why the older model costs more. Go for the 2014 model and its $2,299 at signing. The 2015 model needs only $1,999. Prefer the 2014 Elantra coupe? That's $189 per month after $2,599 at signing. Offers end January 2.
2014 and 2015 Hyundai Veloster — $179 per month/36 months
It's the unusual three-doors-and-a-hatchback sporty-ish car in its most basic form including a manual transmission. If you want the Turbo... it won't be at this price. The 2014 model is available after $2,299 at signing. It takes another $200 ($2,499 total) at signing for the 2015. Offers end January 2.
2015 Jeep Compass — $159 per month/39 months
One of Jeep's smallest SUVs is available on a 39-month lease after $2,999 at signing. The lease covers 10,000 miles a year of use, which works out to 32,500 over the 39 months. Offers end January 5.
2015 Jeep Patriot — $159 per month/39 months
The other one of Jeep's smallest SUVs is available on a 39-month lease after $2,999 at signing. The lease covers 10,000 miles a year of use, which works out to 32,500 over the 39 months. Offers end January 5.
2015 Kia Forte Sedan — $149 to $159 per month/36 months
The small Forte sedan is available at different price points depending on region. All the deals we found required $1,999 at signing. There will be different disposition fees at the lease end depending on state. Offers end January 5.
2014 and 2015 Kia Rio Sedan — $169 and $179 per month/36 months
Kia's smallest sedan is available at $179 per month after $1,999 at signing for the 2015 model. Get a 2014 and the monthly chit drops to $169 under the same terms. Offer ends January 5.
2014 Kia Soul — $179 per month/36 months
The 2014 Soul is adorable, even though hamsters can't really drive it. This regional deal is available after $1,999 due at signing. Offer ends January 5.
2014 and 2015 Mazda 3 Sedan — $159 per month/39 months
The sweet-handling Mazda 3 sedan can be leased for only $159 per month whether it's a 2014 or a 2015. Both leases run 39 months and cover 1,000 miles of use per month, with additional miles at only 15 cents each. It's $1,999 at signing for both. Offers end January 5.
2015 Mitsubishi Mirage — $149 per month/24 months
It's a short lease on Mitsu's three-cylinder hatchback at only $149 per month. The lease covers 1,000 miles per month of use, and additional miles are only 15 cents. However, it takes $2,198 at signing to start. Offer ends January 2.
2014 Nissan Sentra SV — $149 per month/36 months
Put $1,999 or $2,399 down (depending on region) and drive away with a new Sentra with payments of only $149 every month in this regional offer. The lease term runs 36 months, includes 1,000 miles per month and additional miles are only 15 cents each. There's a purchase option termination fee of $300 at lease end if the lessee doesn't lease another Nissan. There are other offers in different regions that include zero down payment terms at $209 per month. Offer ends January 2.
2015 Nissan Versa Note — $149 and $159 per month/36 months
This is the five-door version of the Versa with a continuously variable transmission (CVT). It takes $1,999 down and includes 1,000 miles per month use. Where you live will determine if it's $149 or $159 per month. Offer ends January 2.
2015 Nissan Versa Sedan — $179 per month/36 months
Nissan's small sedan is available with different regional offers. This one is for $179 per month after $1,999 down. There's 1,000 miles per month included, with additional miles at 15 cents each. Offer ends January 2.
2014 and 2015 Scion iQ — $99 to $152 per month/24 and 36 months
Amazingly compact and cleverly engineered, the iQ is a unique machine. Scion offers the same lease plans on both 2014 and 2015 models. The 36 months at $99 payment per month is enticing, but it comes with a $3,129 payment due at signing. The two-year lease runs $132 month but only requires $1,999. If you'd like the "Series 10" version of the iQ, it's available at $152 per month after $1,999 at signing. Offers end January 5.
2014 Scion xD — $159 and $165 per month/24 and 36 months
The bull-nosed xD can be had on Scion's Pure Lease program for 24- or 36-month terms — both after $1,999 down at signing. The 36-month lease is $159, while the 24-month goes off at $165. Offers end January 5.
2015 Smart Electric Drive — $139 and $159 per month/24 and 36 months
It's a true all-electric for only $139 per month for 36 months after $1,353 down. A two-year lease is $159 per month after $1,417 at signing. Think of it as virtue at a discount. Lessees must sign up for the Battery Assurance Plus plan, and there's a $395 vehicle turn-in fee at lease end. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end January 2.
2015 Smart Fortwo Coupe — $99 and $139 per month/36 months
Smart's littlest coupe is available in either base "Pure Coupe" or up-market "Passion Coupe" trims at low lease rates. The $99 per month offer is on the Pure after $1,393 down, while the $139 payment goes for the Passion after $1,433 down. Offers end January 2.
2014 Subaru Impreza — $159 and $169 per month/36 months
This lease is for the base Impreza with a manual transmission, which is a sweet enough ride for anyone who likes to shift for themselves. The lease includes 1,000 miles per month, with additional miles at 15 cents each. You'll need to plop down $1,959 or $1,969 at signing depending on region. Offer ends January 2.
2014.5 Toyota Camry — $179 per month/24 months
Toyota offers many different leases on its products depending on region. Be careful to read the terms carefully since some may not include acquisition fees and some may require a $350 disposition fee at lease end. Still, it's possible to drive a new Camry very inexpensively after paying initial fees of $1,799 in some areas. There are other offers at different price points in different regions. Offers end January 5.
2015 Toyota Corolla — $159 to $179 per month/24 and 36 months
Toyota spreads out many different lease offers on the Corolla depending on region. Be sure to read the leases carefully, as terms and charges do vary. Also be conscious of different trim levels being offered. Offers end January 5.
2014 Toyota Prius C — $119 to $179 per month/24 months
The smallest member of the Prius family of hybrids is available in some regions — nowhere near all regions — at lease prices as low as $119 per month. Be sure to read these leases carefully, as some don't include a $650 acquisition fee or a $350 disposition fee at lease end. Offers end January 5.
2014 Volkswagen Jetta S — $179 per month/36 months
With nothing due at lease inception and lease terms that include 1,000 miles per month, this is the second least expensive lease on this month's list on a per-mile basis. Stick to the allotted 36,000 miles over the lease term and it's only 18 cents a mile. A deal. Offer ends January 2.
To find a dealership that knows how to treat shoppers right, please visit Edmunds.com's Dealer Ratings and Reviews.