2016 Chevrolet Trax, 2016 Toyota Corolla Among Best Lease Deals in July

SANTA MONICA, California — The 2016 Chevrolet Trax and 2016 Toyota Corolla are among the best July lease deals priced at or near $199 per month, according to the latest roundup from Edmunds.com.

A 2016 Chevrolet Trax 1LT SUV can be leased by current GM lessees for 39 months at $178 per month, with no down payment. Mileage is limited to 32,500, which works out to a cost of 23 cents per mile, with extra miles priced at 25 cents each.

A lease on a 2016 Toyota Corolla LE is available for $139 per month for 36 months with $1,799 due at signing. The mileage limit is 36,000, for a bottom line of 22 cents per mile, and additional miles will cost 15 cents each.

Some of the small or compact cars that can be leased at or near $199 per month include the 2016 Fiat 500, 2016 Mitsubishi Lancer and 2016 Scion tC,

Shoppers in the market for a midsize model will find similar terms on a 2016 Chevrolet Malibu, 2016 Ford Fusion, 2016 Honda Accord, 2016 Nissan Altima and a 2016 Toyota Camry.

Examples of SUVs and crossovers around the $199 price point this month include the 2016 Buick Encore, 2016 Honda CR-V, 2016 Hyundai Tucson, 2016 Nissan Rogue and the 2016 Toyota RAV4.

Buyers looking for an electric or hybrid vehicle can choose from such models as the 2016 Ford C-Max Hybrid, 2016 Kia Optima Hybrid, 2016 Kia Soul EV, 2016 Nissan Leaf and 2016 Toyota Prius C.

Note that some of these are regional offers, and prices may vary according to geographic area, trim level of the vehicle, the customer's credit rating and specific lease terms, including duration and annual mileage allowance. Payment amounts do not include sales taxes and other applicable fees.

Edmunds says: Shoppers looking for more detailed information on leasing should take a look at the Edmunds.com Car Leasing page.