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 lease deals 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 February 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 Ford had not posted lease deals on their websites. They usually do. So they may offer deals 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 — $197 per month/39 months
Buick's small and versatile crossover is available for $197 per month with only $2,000 due at signing. If you're coming out of a competitive lease, Buick will waive that initial signing money. Keep in mind that these leases are for 39 months and cover only 32,500 miles of use. Offers will vary by region and end on February 28. See Buick Encore lease deals
2017 Chevrolet Equinox — $202 to $244 per month/24 months
Chevrolet offers its popular small crossover at a price just $3 per month over our target, at least in some areas. In others, it's $244 per month. Both leases require $2,000 at signing unless you're coming out of an existing Chevrolet lease. Then the signing money is waived. Offers end February 28. See Chevrolet Equinox lease deals
2017 Chevrolet Malibu — $199 and $209 per month/36-39 months
If your credit is solid, a Chevy dealer will put you in a new 2017 Malibu sedan for just over three years for only $209 per month. The money due at signing varies depending on whether you're currently leasing from GM. Around New York City, the leases are only $199 per month with slightly less money due at signing. And those New York City leases run 36 months. Offers end February 28. See Chevrolet Malibu lease deals
2017 Fiat 500e — $120 per month/36 months
If you live in California or Oregon, the all-electric Fiat 500e is now available for an incredibly low $120 per month after $1,999 at signing. In previous months, Fiat has offered this vehicle at prices closer to the $199 per month target, so this is a bargain. Offer ends February 28. See Fiat 500e lease deals
2016 Fiat 500X — $209 and $219 per month/36 months
Fiat's small SUV comes in $20 over our target price in a regional lease in the Southern California area. You'll need a thick $4,699 at signing and another $350 for disposition at the end of the lease. Meanwhile, in the New York City area, the 500X is available at $209 per month after $2,999 at signing. Offers end February 28. See Fiat 500X lease deals
2017 Honda Accord LX-S Coupe — $219 per month/36 months
The 2017 two-door Accord requires $2,399 at signing. The lease includes 1,000 miles per month. Additional miles cost 15 cents each. Offer ends February 28. See Honda Accord Coupe lease deals
2017 Honda Accord LX Sedan — $199 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 low $1,999 cost at signing. The lease includes a 1,000-miles-per-month allowance. Offer ends February 28. See Honda Accord lease deals
2016 Honda CR-V — $199 per month/36 months
Honda's incredibly popular small crossover SUV is available for $199 after $2,599 at signing. The lease runs 36 months with 1,000 miles per month; additional miles cost 15 cents each. Offer ends February 28. See Honda CR-V lease deals
2016 Honda HR-V — $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. This is for the 2016 model; the 2017 models arrive at dealers soon. Offer ends February 28. See Honda HR-V lease deals
2016 and 2017 Hyundai Elantra GT — $179 and $189 per month/36 months
This is the somewhat sporty version of the Elantra in five-door form, meaning it's a hatchback. The 2016 models in dealer inventory will go for $179 per month, while the 2017 models will go for $189 per month. Both offers need $1,499 at signing. So get the 2016 and save $360 over the life of the lease. Offers end February 28. See Hyundai Elantra GT lease deals
2016 and 2017 Hyundai Sonata SE — $179 per month/36 months
Hyundai's mainstream sedan is yours to drive for $179 per month after $1,449 at signing for the 2016 model. Or it's $179 per month for the 2017 Sonata 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. Both offers end February 28. See Hyundai Sonata lease deals
2016 and 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 (in Southern California, at least). It doesn't matter if it's a 2016 or a 2017 model. Offers end February 28. See Hyundai Tucson lease deals
2016 Kia Optima LX — $147-$189 per month/24 or 39 months
The stylish Kia Optima is now available on 24- and 39-month leases in various regions around the country. Check your specific ZIP code for the exact numbers. Offers end February 28. See Kia Optima lease deals
2016 and 2017 Kia Optima Hybrid — $153-$261 per month/24 or 39 months
Kia's Optima Hybrid is at least as stylish as its conventional-engine brother and gets even better mileage. Prices vary greatly according to region, model specification and model year. Offers end February 28. See Kia Optima Hybrid lease deals
2016 and 2017 Kia Soul — $159 and $189 per month/36 months
If cute is all that matters, then it's the Kia Soul that matters most. Incredibly practical and dauntingly adorable, the Soul is available at lease prices below our target. For the 2016 model, put $2,499 at signing on the table and your monthly cost will only be $159 per month. Go with the 2017 edition, and it's $1,999 at signing and then $189 per month. Which is the better deal? Factoring in the $400 disposition fee at lease end that applies to both, the 2016 Soul is $580 cheaper over the life of the lease. Offers end February 28. See Kia Soul lease deals
2016 Kia Soul EV — $219 per month/36 months
The all-electric version of Kia's adorable hamster-hauler is available at just $20 over our price target and after only $999 at signing. But this is a Southern California deal that ends February 28. See Kia Soul EV lease deals
2016 and 2017 Mazda 6 — $209 per month/36 months
The Mazda 6 sedan drives great. So for many buyers, paying a tad over our monthly price point will be worth it, particularly in light of the reasonable $1,999 that Mazda requires at signing. Same deal on both model-year vehicles. Offers end February 28. See Mazda 6 lease deals
2016 and 2017 Mazda CX-3 — $199 per month/36 months
For either the 2016 or 2017 version of this compact crossover, it's $199 per month for 36 months after $1,999 at signing. Offers end February 28. See Mazda CX-3 lease deals
2016.5 Mazda CX-5 — $209 per month/36 months
If the CX-3 is a bit too small, the just-right CX-5 crossover is available for $10 per month more. That's only $209 per month for the updated 2016.5 model-year CX-5. The lease requires $1,999 at signing. Offers end February 28. See Mazda CX-5 lease deals
2016 and 2017 Mitsubishi Lancer — $189 and $199 per month/36 months
The 2017 version of this sensible sedan is yours for $199 a month after $2,498 at signing. Or you can lease the 2016 model for $189 per month and pay $2,488 at signing. Going with the 2016 model will save you $360 over the life of the lease. Offers end February 28. See Mitsubishi Lancer lease deals
2016 and 2017 Mitsubishi Outlander Sport — $189 and $199 per month/36 months
This compact SUV is available at various price points near the $199 target, depending on the specific trim level and model year. Offers end February 28. See Mitsubishi Outlander Sport lease deals
2016 Nissan Altima 2.5 S — $159 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 $159 per month after only $2,359 at signing. A disposition fee is due at the end of the lease in most states. Offers end February 28. See Nissan Altima lease deals
2016 Nissan Leaf S — $199 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. In other regions (for example, the Chicago area), the monthly payment stays at $199, but $2,799 is what you'll pay at signing. Offers end February 28. See Nissan Leaf lease deals
2016 Nissan Rogue — $179 and $199 per month/36 months
The sweet-driving Rogue crossover comes in at our monthly target price in a regional deal for Southern California after $2,399 at signing. In Chicago it's the same monthly charge of $189, and it takes $2,799 at signing and then Nissan gives back $500 cash. But it's the New Yorkers who get the best deal: In those parts, it's $179 per month for the 2016 Rogue after $2,029. Offers end February 28. See Nissan Rogue lease deals
2016 and 2017 Subaru Forester — $209-$289 per month/36 months
This compact crossover comes to this list with offers ranging from $209 per month for 36 months all the way up to a deal with $289 per month and nothing due at signing. Offers end February 28. See Subaru Forester lease deals
2017 Subaru Legacy — $175-$325 per month/36 months
For $175 a month and $2,585 at signing, you get the 2016 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. The 2017 Legacy sedan is available for similar terms, with the 3.6R Limited model offered for no money at signing and $339 per month. Offers end February 28. See Subaru Legacy lease deals
2017 Toyota Camry — $169-$250 per month/36 months
Toyota has slight variations on 2017 Camry leases around the country, so check for details 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. Watch these closely: Some advertised deals don't show the $650 acquisition fee. You'll find it only in the fine print. Offers end February 28. See Toyota Camry lease deals
2017 Toyota RAV4 — $179-$250 per month/36 months
The RAV4 small SUV is available in a dizzying variety of lease deals around the country. In Chicago, it's a 2017 model for $250 per month with nothing due at signing. Offers end February 28. See Toyota RAV4 lease deals
2017 Volkswagen Beetle — $199 and $229 per month/36 months
VW's stylish Beetle hatchback comes back onto this list this month with a $199 lease deal offered in Southern California. That's after $2,999 at signing. In other areas the deals will run $229 after $1,999 at signing. Do the math and the $199-per-month deal is $80 cheaper at lease end. Offers end February 28. See Volkswagen Beetle lease deals
2017 Volkswagen Golf — $199 and $219 per month/36 months
The versatile Golf hatchback comes in at our price point after $2,999 at signing on a national lease. Or in the New York City area, it's $219 per month after $2,349 at signing. The $199 offer is $70 cheaper over the life of the lease. Offers end February 28. See Volkswagen Golf lease deals
2017 Volkswagen Passat — $169 and $199 per month/36 months.
VW's family-friendly sedan is offered at only $169 per month after $2,999 at signing. Or it's $199 per month after $1,999 at signing. Do the math and the $169 deal is $80 cheaper over the life of the lease. Offers end February 28. See Volkswagen Passat lease deals
2017 Volkswagen Tiguan — $189-$209 per month/36 months
In Southern California, VW offers a front-drive Tiguan at $189 per month after $2,499 at signing, or an all-wheel-drive Tiguan 4Motion for $209 per month after the same money down. In Chicago, however, getting a front-wheel-drive Tiguan lease is $199 per month with $2,499 at signing. Offers end February 28. 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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To find a dealership that knows how to treat shoppers right, please visit Edmunds.com's Dealer Ratings and Reviews.