The $199 Lease Deals for May 2017 | Edmunds

The $199 Lease Deals for May 2017

Making Sense of All the $199/Month Lease Deals


Drive a brand-new car for only $199 a month. It isn't too good to be true. At any given time, many lease deals are clustered around that price.

Here are the lease deals currently listed on their manufacturers' websites at or near $199 per month. Although all were featured as of March 2, 2017, 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 the cost per mile, assuming that you've used the full mileage allowance. Keep an eye out for additional charges, such as unaccounted acquisition and lease-end disposition fees.

This month, Mini and Kia had not posted lease deals on their websites. They often do have deals at this price point. So those two manufacturers may have offers starting later this month or next month. Check their sites.

Not all leases are built exactly the same. Some ask for more money up front but have lower monthly payments. Some are the opposite: They entice you with very low drive-off amounts 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 the lease and compare those numbers before deciding. If you need clarification on all of this or you need to bounce ideas off someone who knows what's going on, don't hesitate to reach out to the Edmunds Shopper Advice team for free assistance.

These premium deals are generally available only to customers with sterling credit ratings. There might be other programs for those with lower credit scores. And when you're leasing, remember that these monthly payments do not include sales tax and other fees.

There are subtleties to all leases. 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. These heavily advertised leases with their discounted factory financing and aggressive pricing are a good starting point for your lease shopping.

2017 Buick Encore$149 and $199 per month/24 and 39 months
Buick's small and versatile crossover is available for $199 per month with as little as $2,009 due at signing (if you're coming out of a competitor's lease). Beyond that national offer, the Encore is available in the New York City metro area at $149 per month with only $2,009 at signing for those coming from non-GM leases. Keep in mind that the $199 leases are for 39 months and cover only 32,500 miles of use. Meanwhile, those $149 leases in the New York City area only run for 24 months and 20,000 miles. Offers end on May 31. See Buick Encore lease deals

2017 Buick Verano$169 and $199 per month/36 and 39 months
Buick offers this small sedan under solid terms on a national lease for 39 months at $199 a month after $3,059 at signing, provided you're coming from a competitor's lease. It's $1,500 more if you're not. In the New York metro area a separate promotion has the Verano at $169 per month on a 36-month lease. Offers end May 31. See Buick Verano lease deals

2017 Chevrolet Equinox$159 to $199 per month/24 months
Chevrolet offers its popular small crossover at our target in national deals for 24 months. In the Chicago and New York City regions, there are deals at lower price points. Be aware of the money at signing due, which varies by region and whether you're coming out of a competitive lease. Keep in mind that these deals are for the 2017 Equinox, not the new 2018 model. Offers end May 31. See Chevrolet Equinox lease deals

2018 Chevrolet Equinox$229 per month/24 months
Is the 2017 Equinox too unfashionable for you? Then here's the alternative, the all-new 2018 Equinox crossover for a few precious more dollars every month. It will take a stiff $4,129 to start this two-year lease, but that will knock down to $3,629 if you're coming out of an existing GM lease. That should make the 2017 model look better. Offer ends May 31. See Chevrolet Equinox lease deals

2017 Chevrolet Malibu$159 to $209 per month/36 and 39 months
If your credit is solid and you live in the Chicago metro area, a Chevy dealer will put you in a new 2017 Malibu sedan for 39 months for only $199 per month. The money due at signing varies depending on whether you're currently leasing from GM. Other regions offer similar deals to this one with slightly higher monthly payments and/or slightly lower money due at signing. Offers end May 31. See Chevrolet Malibu lease deals

2016 and 2017 Dodge Challenger$209 to $259 per month/36 months
The 2017 version of Dodge's big brawny coupe, in V6-powered SXT trim, is available for only $209 per month after $2,999 at signing, provided you live in the New York City region. You'll need another $50 per month if you're in other regions such as Southern California or Chicago. In some regions, the 2016 Challenger is available on a $257 per month lease deal that includes 12,000 miles of use per year instead of the other deals' 10,000. Offers end May 31. See Dodge Challenger lease deals

2016 and 2017 Fiat 500e$149 and $180 per month/36 months
If you're in California or Oregon, Fiat's 500e electric car is offered at only $149 per month (2016 model) or $180 per month (2017 version) after $1,999 at signing. The leases run 36 months and include 1,000 miles per month of use. If you live in the other 48 states, the District of Columbia, Puerto Rico, Guam or the U.S. Virgin Islands, you'll just have to move. Offers end May 31. See Fiat 500e lease deals

2017 Ford C-Max Hybrid$169 per month/36 months
Ford's versatile wagon is available in hybrid form at our price point if you live in Southern California and have $1,999 to put down at signing. That's down $30 a month from last month. Other deals may be available in other regions. Offer ends July 5. See Ford C-Max lease deals

2017 Ford C-Max Energi — $159 per month/24 months
Ford is offering the plug-in hybrid C-Max Energi model at $159 per month on a two-year lease. It does require $2,693 at signing. Offer ends July 5. See Ford C-Max Energi lease deals

2017 Ford Escape$159 and $219 per month/24 and 36 months
This popular small SUV is on offer at prices just below and a bit above the target in regional deals. Around Chicago, it's $219 per month after $2,699 at signing. Meanwhile, in Southern California, it takes $219 per month after $3,089. There may be other deals available in your area. Around New York City, it's only $159 per month for 24 months on an all-wheel-drive Escape after $3,599 at signing. Offers end July 5. See Ford Escape lease deals

2017 Ford Fusion$149 to $229 per month/24 and 36 months
Ford has several different lease offers on its midsize Fusion sedan, depending on the region. Read the fine print: Some of these deals are on slightly differently equipped versions of the Fusion. The length of the leases vary, too. Offers end July 5. See Ford Fusion lease deals

2017 Ford Transit Connect$219 per month/36 months
Ford's commercial-grade transportation wagon may be the perfect alternative to a conventional minivan for some operators. It's available in the Chicago area and Southern California for $219 per month on a 36-month lease with slightly different amounts due at signing. It's $2,789 in SoCal and $2,759 in Chicago. There may be other deals available in other regions. Offer ends July 5. See Ford Transit Connect deals

2017 GMC Terrain$149 and $199 per month/24 months
GMC offers the near-twin to the Chevrolet Equinox at $199 a month in a national deal. The money due at signing is a super-stout $4,629, and the term is 24 months with only 20,000 miles of use. However, if you're coming out of a non-GM lease, that money due at signing drops to $2,759. But ding, ding, ding ... if you're in the New York City area, there's also a regional deal for $149 per month with $4,239 or $2,739 at signing. Beyond that, there's a disposition fee at the lease end of up to $495 on all these leases. Offers end May 31. See GMC Terrain lease deals

2017 Honda Accord Coupe$199 per month/36 months
One of the few mainstream two-door coupes on the market, the Accord comes in at our price point for an LX-S model. The money due at signing is $2,399. Offer ends July 5. See Honda Accord Coupe lease deals

2017 Honda Accord LX Sedan$189 per month/36 months
The most popular version of the Accord sedan (four-cylinder engine, automatic transmission, cloth interior) is available in a 36-month lease with a $1,999 at signing. The lease includes 1,000 miles per month. Offer ends July 5. See Honda Accord lease deals

2017 Honda HR-V$179 and $189 per month/36 months
This is Honda's smallest and, many would say, most stylish crossover. The 36-month lease includes 1,000 miles per month of use and requires $2,299 at signing for the two-wheel-drive model. Then it's only $179 per month. Go for all-wheel drive and it's $189 per month and you'll need $2,499 at signing. Offers end July 5. See Honda HR-V lease deals

2017 Hyundai Elantra GT$179 per month/36 months
This is the somewhat sporty version of the Elantra in hatchback form for $179 per month with $1,499 at signing. Offer ends May 31. See Hyundai Elantra GT lease deals

2017 Hyundai Sonata SE$179 per month/36 months
Hyundai's mainstream sedan is yours to drive for $179 per month after $2,199 at signing. There's 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 May 31. See Hyundai Sonata lease deals

2017 Hyundai Tucson$199 per month/24 months
This recently redesigned small crossover has a sharp design and all the latest features. It's available for $199 when you put $2,499 down. Offer ends May 31. See Hyundai Tucson lease deals

2016 and 2017 Kia Optima — $149 to $189 per month/24 and 36 months
Kia's stylish midsize sedan can be had for as little as $149 per month after $1,999 at signing. But that's only for 24 months, and it's a 2016 model. Other deals range up to $189 per month over 36 months for a 2017 model after $1,999 down. All leases include 1,000 miles per month of use. Offers end July 10. See Kia Optima lease deals

2016 and 2017 Kia Soul$159 and $189 per month/36 months
Let's see if we can get through this item without using the word "hamster." Well, already blew that. Kia's 2017 Soul is enormously popular with humans as well as rodents and is available for $189 after $1,999 at signing. That's for a three-year lease good for 36,000 miles. Choose a 2016 Soul and it is $159 per month after $2,499 at signing. The math says that over the life of the lease, the 2016 Soul will be $580 cheaper. And $580 ain't hamster chow. Offers end July 10. See Kia Soul lease deals

2017 Kia Sportage$199 to $252 per month/24 and 36 months
Stylish, comfortable and sweet-natured, this two-row near-SUV hits the $199 target price on a 36-month lease after $2,799 at signing. Kia also offers a 24-month lease at $252 per month and a slightly different 36-month lease at $209 per month. Offers end July 10. See Kia Sportage lease deals

2017 Mazda 3 Five-Door$189 to $229 per month/36 months
The Mazda 3 drives great and in five-door hatchback form is flexible enough for practically anyone's needs. In the New York City area, it's $189 per month after $2,499 at signing. It's available at $199 after $1,999 at signing in Southern California. Or it's $229 per month after $1,999 in Chicago. Offers end May 31. See Mazda 3 lease deals

2017 Mazda 3 Four-Door$169 to $209 per month/36 months
A sweet little sedan in our price zone, depending on where you buy. In the New York metro area, it's $169 after $2,499 at signing. Southern California is $179 after $1,999. And Chicago is at $209 after $1,999. Offers end May 31. See Mazda 3 lease deals

2017 Mazda 6$199 to $249 per month/36 months
This almost-sublime sedan is an engaging alternative to the conventional Accord/Camry/Altima wisdom. And in the New York City area, it's available at $199 per month on a 36-month lease after $2,499 at signing. In Southern California, the monthly payment rises to $219 but the money due at signing goes down to $1,999. Around Chicago it's $249 with $1,999 at signing. There may be slightly different deals in different regions around the country. Offers end May 31. See Mazda 6 lease deals

2017 Mazda CX-3$189 to $229 per month/36 months
Mazda's cute CX-3 crossover is among the best-driving vehicles of its species, and it's available on a 36-month, 36,000-mile lease after only $1,999 at signing in Southern California. There are slightly different deals at slightly different price points in other regions. And additional miles are only 15 cents each. Offers end May 31. See Mazda CX-3 lease deals

2017 Mazda CX-5 $219 to $249 per month/36 months
Competing in the heart of the compact SUV market, Mazda's CX-5 is an intriguing alternative to crossovers such as the Honda CR-V and Ford Escape. Last month there was a $199-per-month deal offered in the New York City area. Not this month. But good deals remain at $219 to $249 per month. Offers end May 31. See Mazda CX-5 lease deals

2017 Mini Hardtop Two-Door$199 per month/36 months
It's a full ton of cultural resonance wrapped up in a bug-eyed icon. The two-door Mini Cooper hits the target monthly price with $2,239 at signing for a three-year lease. Offer ends May 31. See Mini Hardtop lease deals

2017 Mitsubishi Lancer$199 per month/36 months
The 2017 version of this sensible sedan is yours for $199 a month after $2,498 at signing. Offer ends May 31. See Mitsubishi Lancer lease deals

2017 Mitsubishi Mirage G4$189 per month/36 months
This is the sedan version of the three-cylinder Mirage. It goes out at $10 a month under the target price but takes $3,388 at signing to start. Offer ends May 31. See Mitsubishi Mirage G4 lease deals

2017 Mitsubishi Outlander Sport $189 to $209 per month/36 months
This compact SUV is available at various price points near $199 per month with varying amounts due at signing, depending on the specific trim level. Offers end May 31. See Mitsubishi Outlander Sport lease deals

2017 Nissan Altima 2.5 S$139 and $189 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. After $2,899 due at signing in most places and $189 per month, you get the car for 1,000 miles per month. But in the New York City area, the same car is $139 per month after $3,479 at signing. A disposition fee is due at the end of the lease in most states. Offers end June 5. See Nissan Altima lease deals

2016 and 2017 Nissan Leaf S$199 and $229 per month/36 months
The all-electric 2016 Leaf is available for just $199 per month after as little as $1,999 at signing in Southern California. Go for the 2017 model and the monthly payment goes to $229, but $1,999 is still what you'll pay at signing. Offers end June 5. See Nissan Leaf lease deals

2017 Nissan Rogue$179 and $199 per month/36 months
The sweet-driving Rogue crossover comes in at our monthly target price in regional deals for Southern California after $2,399 at signing. In Chicago you'll need $2,799 for what is otherwise the same deal. But for New Yorkers, it's $179 per month after $2,890. Offers end June 5. See Nissan Rogue lease deals

2017 Subaru Forester$209 per month/36 months
This compact crossover is available at $209 per month for 36 months and $1,709 due at signing. Offer ends May 31. See Subaru Forester lease deals

2017 Subaru Legacy$175 to $325 per month/36 months
For $175 a month and $2,585 at signing, you get the 2017 Legacy. Or pay nothing down and it's $325 per month. The leases include 1,000 miles of use per month, with additional miles at 15 cents each. Subaru offers the luxurious 3.6R Limited model for no money at signing and $325 per month. Offers end May 31. See Subaru Legacy lease deals

2017 Toyota Camry$159 to $260 per month/36 months
Toyota has slight variations on 2017 Camry leases around the country, so check for details in your area. Some of these deals are with no money at lease signing. All the leases we've seen run 1,000 miles per month with a disposition fee at lease end in most regions. Watch these closely: Some advertised deals don't show the $650 acquisition fee. You'll find it only in the fine print. Offers end May 31. See Toyota Camry lease deals

2017 Toyota RAV4$169 to $255 per month/36 months
The RAV4, Toyota's small SUV, is available in a dizzying variety of lease deals around the country. In Chicago, it's a 2017 model for $255 per month with nothing due at signing. Offers end May 31. See Toyota RAV4 lease deals

2017 Volkswagen Golf $179 and $209 per month/36 months
VW's versatile hatchback is being offered in the $199 target zone, with a deal of $209 a month after $2,349 at signing in most of the country. In New York, however, it's available at $179 per month after $2,999 at signing. Both allow 30,000 miles over their 36-month lives. Offers end May 31. See Volkswagen Golf lease deals

2017 Volkswagen Jetta$129 to $209 per month/36 months
VW's smaller sedan is available in slightly different leases and slightly different configurations around the country. And some of them include a $750 cash bonus paid to new lessees. In Southern California, it's an S model with a manual transmission for $139 per month after $2,499 at signing. In New York, it's an S with an automatic transmission for $129 per month after $3,199 at signing. Then there's Chicago at $209 per month after only $1,999 at signing. The best deal? That's the California deal for the manual-transmission car. Offers end May 31. See Volkswagen Jetta lease deals

2017 Volkswagen Passat$179 to $219 per month/36 months
VW's family-friendly sedan is in the monthly sweet spot after $2,999 at signing for customers in the New York City metro area. There are variations at slightly different prices in other regions. Offers end May 31. See Volkswagen Passat lease deals

2017 Volkswagen Tiguan$209 to $239 per month/36 months
In Southern California, VW offers an all-wheel-drive Tiguan at $229 per month after $2,999 at signing. Or in the same region there's a front-wheel-drive version for $209 per month after the same $2,999 at signing. In Chicago, it's $239 per month for a front-wheel-drive model after $2,499 at signing. Offers end May 31. See Volkswagen Tiguan lease deals

To find a dealership that knows how to treat shoppers right, please visit Edmunds' Dealer Ratings and Reviews.

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Current $199 Lease Deals


To find a dealership that knows how to treat shoppers right, please visit Edmunds.com's Dealer Ratings and Reviews.

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