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 manufacturer's websites at or near $199 a month. While all were featured as of March 4, 2016, 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. Watch out, however, for additional charges like unaccounted acquisition and lease-end disposition fees. For more detailed pricing, check out our Price Promise® 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 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 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 premium deals are generally available only to customers with sterling credit ratings. There may be other programs for less stellar credit cases. 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 a good starting point.
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2016 Buick Encore — $179-$199 per month/24 months
Buick's small and versatile crossover is available for as little as $179 per month with nothing due at signing — if you're a lessee of a competitive vehicle and live in the right area (Edmunds found it in the New York City area). Keep in mind that these leases are for only two years and only cover 20,000 miles of use. Offers will vary by region and end on March 31.
2016 Buick Verano — $169-$199 per month/39 months
Buick's small, nimble Verano sedan is offered in several regional leases at $169 or $199 per month. Money due at signing will vary by region and will depend on whether the lessee is coming from a competitive lease. Offers end March 31.
2016 Chevrolet Equinox LT — $189-$209 per month/24 months
The Equinox is a practical midsize SUV and consistently one of Chevy's best-sellers. These leases include an allotted 10,000 miles per year, but the money due at signing differs depending on whether the customer is coming out of a competitive lease. Offers end March 31.
2016 Chevrolet Malibu — $199 per month/39 months
If your credit is solid, a Chevy dealer will hand over a new 2016 Malibu sedan for you to drive for the next two years for only $199 per month. Different regions have similar deals or slight variations. These leases vary in mileage allowances so be aware, and additional miles are charged at 25 cents each. These offers are on the all-new 2016 model Malibu. The previous-generation Malibu is still available, marketed as the Malibu Limited, and offers on it are covered next. Offer ends March 31.
2016 Chevrolet Malibu Limited — $199 per month/24 months
The previous-generation Chevrolet Malibu midsize sedan is now offered as the Malibu Limited alongside its successor. These are low-mileage leases with 10,000 miles per year of use. Some are available with no money due at signing for customers coming out of competitive leases. Offer ends March 31.
2016 Chevrolet Trax — $173 and $199 per month/24 and 39 months
Chevy's smallest crossover SUV is available at or below the price point depending on whether it's entering a 24- or 39-month lease and if the prospective lessee is coming out of a competitive lease. Terms will vary according to region. Offers end March 31.
2016 Dodge Journey — $169 or $209 per month/24 or 36 months
It's Dodge's midsize crossover at as little as $169 per month after $2,999 at signing in some regions. But these deals vary widely depending on region and vehicle trim level. That $169 deal is on a front-drive Journey SXT in Southern California. Meanwhile, for $209 per month under otherwise similar terms, you'll get the same vehicle with all-wheel drive around New York City. Offers end April 4.
2015 and 2016 Fiat 500 — $169-$229 per month/36 and 48 months
Fiat offers its adorable 500 at several price points in different regions near our target price. There are several offers above or below that price, too. There's even one deal that runs a full four years at $199 per month. But watch out for the 10,000-mile-per-year limits (with additional miles at 25 cents each), and the $395 lease-end disposition fees. Offers end April 4.
2015 and 2016 Fiat 500e — $169 and $179 per month/36 months
It's a true electric for the cost of a boring everyday car. Maybe it's even cheaper. But you need to live in either Oregon or California and put down $1,999 at signing. Also, there will be a $395 disposition fee at lease end. Dealer contributions vary and have been known to vary greatly with this car. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end April 4.
2015 and 2016 Ford C-Max — $149-$219 per month/36 months
Whether it's a hybrid or a plug-in hybrid, the C-Max is a reasonable transportation module available in various versions at various price points depending on region. Most leases run 36 months. Offers end April 4.
2016 Ford Fusion — $169 per month/36 months
Ford offers the 2016 Fusion in a vast number of variations, and this deal was found in Southern California. Other deals may appear during the next three months (this deal doesn't expire until April) in different regions. That noted, this is a low-mileage lease that allows only 875 miles per month. Offer ends April 4.
2016 GMC Terrain — $199-$266 per month/24 and 39 months
This is the twin brother to the Chevy Equinox and it's available at our price point in different regional offers around the country. The money due at signing also varies by region and depending on whether the lessee is coming out of a competitive lease or not. There will also be variations on whether the vehicle being leased has two- or four-wheel drive. Offers end March 31.
2016 Honda Accord LX-S Coupe — $219 or $270 per month/35 or 36 months
The two-door Accord joins the sedan near our price point after $2,299 at signing. Or pay $270 per month and there's nothing due at signing. The leases include 1,000 miles of use each month. Additional miles cost only 15 cents each. Offers end April 4.
2016 Honda Accord LX Sedan — $199 or $250 per month/35 or 36 months
The most popular version of the Accord sedan (four cylinders, automatic transmission, cloth interior) is available at $199 per month in a 36-month lease with a low $1,999 cost at signing. Or pay nothing at signing and it's $250 per month. Both leases include a 1,000-miles-per-month allowance. Offers end April 4.
2015 and 2016 Hyundai Sonata SE — $179 and $199 per month/36 months
It's Hyundai's mainstream sedan. And it's yours to drive for $179 per month after $1,499 at signing. But that's for the 2015 model. If you want the 2016, the initial buy-in rises to $2,399 and the monthly cost is $199. 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. Offers end March 31.
2016 Hyundai Tucson — $209 per month/36 months
Small crossovers are now at the heart of the new vehicle market, and Hyundai's stalwart Tucson is available at a price just $10 above the target. Offer ends March 31.
2015 and 2016 Jeep Renegade — $139-$229 per month/24 or 36 months
Jeep's smallest crossover (OK,, it's adorable) is available in several regional leases at, near, around or well under our $199 per month price point. These leases vary in term (two or three years), trim level (two- or all-wheel drive, for instance) and whether the vehicle is a 2015 or 2016 model. Offers end April 4.
2015 and 2016 Kia Optima LX — $172-$226 per month/24 or 36 months
The stylish Kia Optima is now available with lease terms near our price point on 24- and 36-month leases in various regions around the country. Check your specific ZIP code for the exact numbers. Offers end May 2.
2015 and 2016 Kia Optima Hybrid — $183-$219 per month/24 or 36 months
Kia's Optima-with-only-a-battery is at least as stylish as its brothers with conventional equipment. Prices vary according to region and whether the vehicle is a 2015 or 2016 model. Offers end May 2.
2015 and 2016 Kia Soul — $179-$189 per month/36 months
Pay $1,999 at signing and a base model of Kia's super-cute-ute Soul is yours. At least for 36 months. For $179 per month you get a 2015. It's $189 for the 2016 model. Each lease comes with 36,000 miles of use. Offers end May 2.
2016 Kia Soul EV — $199 to $269 per month/36 or 48 months
The all-electric version of Kia's adorable Soul is available in various regional leases (think California, Oregon and any place else with aggressive electric vehicle laws) at prices ranging from $199 to $269 per month. The leases vary according to trim level and lease duration, but all need $1,999 at signing to start. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end May 2.
2016 Kia Sportage — $183-$204 per month/24 or 36 months
Kia's small SUV comes in at our price point on several regional deals — and slightly higher or lower prices in other regions. Those we surveyed all ran either 24 or 36 months. The redesigned 2017 Kia Sportage is also available for lease but at a higher price point. Offers end May 5.
2016 Mazda 6 — $189 per month/36 months
Mazda's fine-driving midsize sedan is available at $189 per month after $1,989 at signing. The lease includes 36,000 miles of use, with additional miles at only 15 cents beyond that. Offer ends April 4.
2015 and 2016 Mini Cooper and Mini Cooper S Hardtop — $199-$249 per month/36 months
It's the coupe that brought the Mini back to life in both regular Cooper and higher-performance Cooper S forms. Go for a 2015 model, and the Cooper is available for $199 per month after $2,014 at signing. Those numbers go up for the Cooper S and 2016 models. Offers end March 31.
2016 Mitsubishi i-MiEV — $189 per month/36 months
Mitsubishi's small electric vehicle is available at $10 under our monthly price point in 2016 form, but it takes a stiff $3,388 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 31.
2015 Mitsubishi Outlander Sport — $189-$217 per month/36 months
This compact SUV is available at various price points near our target depending on the specific trim level. Offers end March 31.
2015 Nissan Altima 2.5 S — $179 and $189 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. These low monthly payments come with 12,000 miles of use per year and charge only 15 cents per additional mile. There is a disposition fee due at the end of the lease in most states. Offers end March 31.
2015 Nissan Juke S — $199 per month/36 months
Nissan's quirky Juke small SUV comes in at our price point after $2,999 down. Nissan's deals this month are highly regionalized, so check the company's website or with a dealer. Offer ends March 31.
2015 Nissan Leaf S — $199 per month/36 months
Though it's restricted to several states, getting the all-electric Leaf for just $199 per month after $2,399 at signing can be the right deal for the right commuter. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 31.
2016 Nissan Rogue — $199 per month/36 months
Nissan is offering various regional deals on its Rogue small SUV. These leases include 1,000 miles per month, with additional miles for only 15 cents each. Note that this is for the current Rogue and not the Rogue Select. Offer ends March 31.
2015 Nissan Rogue Select — $189 per month/36 months
This is the older version of the current Rogue. If you want to buy it at the end of the lease, Nissan will charge $300 for the privilege. Offer ends February 29.
2016 Scion iA — $229 per month/36 months
It looks like a Mazda, drives like a Mazda and is made by Mazda, but it's the Scion iA — which will soon not be a Scion at all. But it's available right now for $229 per month with nothing due at signing. That's nothing, zero, zilch. The lease runs 36 months with 36,000 miles of use. Offer ends April 4.
2016 Scion iM — $249 per month/36 months
It's Scion's newest five-door hatchback at $249 per month with nothing due at signing. So buy yourself a nice dinner after picking up your new iM and then reflect on the fact that you're driving one of the very last Scions. Offer ends April 4.
2016 Scion tC — $259 per month/36 months
The sporty 2016 tC is available at $259 per month with nothing due at signing. And after 36,000 miles over three years, additional miles cost only 15 cents. Your lease will outlast the life of Scion itself. Offer ends April 4.
2015 Scion xB — $249 per month/36 months
Scion's practical and very square xB can be had now for $249 per month after nothing (as in zero bucks) at signing. Offer ends April 4.
2015 Smart Fortwo Electric Cabriolet — $199 per month/36 months
It's both a convertible and an electric car for a relatively low lease price. It takes $1,493 at signing and $199 per month for 36 months. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends March 31.
2016 Subaru Legacy — $199 and $275 per month/36 months
That's $199 (after $1,869 at signing) for the 2016 Legacy. Or pay nothing down and it's only $275 per month. The lease includes 1,000 miles per month of use, with additional miles costing 15 cents each. Offers end March 31.
2016 Toyota Camry — $169-$199 per month/24 and 36 months
Toyota has slight variations on 2016 Camry leases 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 until you read about it in the fine print. Offers end April 4.
2016 Toyota RAV4 — $189-$209 per month/36 months
Toyota has several regional lease offers on its popular RAV4 that fall near our price point. But read the fine print. Some don't include a $650 acquisition fee in the advertised price, and some also include disposition fees at the end of the lease, too. Offers end April 4.
2016 Volkswagen Beetle — $189 per month/36 months
It's VW's iconic shape for measly money. It will take $1,999 at signing and there's a $350 disposition fee at lease end, but $189 per month is attractive. Offer ends April 4.
2016 Volkswagen Passat — $189 per month/36 months
Get the roomy, plush, easygoing Passat at this attractive price after $1,999 at signing. Includes 36,000 miles of use, with additional miles at 20 cents each. Offer ends April 4.
