There are currently a surprising number of good car lease deals for less than $200 a month being offered during November 2015 by car companies and their dealers. The good news is that the number of cheap lease deals has remained generally the same over the last few months, and promises to remain so, or become greater.
These are special limited-time lease offers with low payments of $199 or less that are based on discounted prices (lease cap cost), low finance rates (lease money factor), and high lease-end residual values. Most require a down payment, first month’s payment, and any official fees at time of lease signing.
All the leases we list below are for brand new 2015 and 2016 vehicles, although usually only for a few models and only one style of each model. The deals also are good only for a limited time. Nearly all are for 24, 36, or 39 month terms and typically allow 1000 miles per month, although a few allow less. In some cases, there are additional loyalty bonuses and/or competitive trade-in bonuses that could lower the listed monthly payment.
As you may already know, a low lease payment doesn’t necessarily make the lease a great deal. Some deals are better than others. However, all the leases listed below are special promotional limited-time lease deals that are well worth your consideration. In most cases, you would not be able to bargain with a dealer to get the same deal independently of the promotional offer.
All the listed lease deals are rated at least Good or Excellent by LeaseGuide.com and are generally better deals than customers could negotiate for themselves.
Current Lease Deals – $199 or Less Per Month
Buick Encore (2015) – $175/month, 24 months, $1675 due at signing
Buick Encore (2016) – $185/month, 24 months, $1685 due at signing
Buick Verano - $199/month, 39 months, $2389 due at signing
Fiat 500 Pop - $179/month, 39 months, $1299 due at signing
Fiat 500e - $169/month, 36 months, $1999 due at signing (California and Oregon only)
Ford C-Max - $179/month, 36 months, $3069 due at signing
Ford Fiesta - $169/month, 36 months, $1819 due at signing
Ford Focus - $169/month, 36 months, $2139 due at signing
Ford Fusion - $189/month, 36 months, $2674 due at signing
GMC Terrain – $199/ month, 24 months, $3111 due at signing
Honda Accord sedan (2015) - $189/month, 39 months, $1999 due at signing
Honda Accord sedan (2016) - $199/month, 39 months, $1999 due at signing
Honda Civic coupe - $159/month, 39 months, $2699 due at signing
Honda Civic sedan - $149/month, 39 months, $2499 due at signing
Hyundai Accent (2015) – $169/month, 36 months, $1899 due at signing
Hyundai Accent (2016) – $169/month, 36 months, $2199 due at signing
Hyundai Elantra (2015) - $159/month, 36 months, $999 due at signing
Hyundai Elantra (2016) - $169/month, 36 months, $1399 due at signing
Hyundai Elantra GT (2015) - $179/month, 36 months, $1499 due at signing
Hyundai Elantra GT (2016) - $179/month, 36 months, $1499 due at signing
Hyundai Sonata (2015) – $179/month, 36 months, $1499 due at signing
Hyundai Sonata (2016) – $199/month, 36 months, $2399 due at signing
Hyundai Veloster (2015) – $179/month, 36 months, $999 due at signing
Hyundai Veloster (2016) - $169/month, 36 months, $1699 due at signing
Jeep Patriot - $199/month, 39 months, $2999 due at signing
Kia Forte - $169/month, 39 months, $1999 due at signing
Kia Optima - $178/month, 24 months, $1999 due at signing
Kia Optima - $189/month, 39 months, $1999 due at signing
Kia Rio LX - $189/month, 39 months, $1999 due at signing
Kia Soul (2015) – $179/month, 39 months, $1999 due at signing
Kia Soul (2016) – $189/month, 39 months, $1999 due at signing
Mazda 3 4 door – $149/month, 39 months, $1999 due at signing
Mazda 3 5 door - $179/month, 39 months, $1999 due at signing
Mini Cooper Countryman - $199/month, 36 months, $3189 due at signing
Mini Cooper Hardtop 2 door - $199/month, 36 months, $3011 due at signing
Mini Cooper S Hardtop 2 door - $199/month, 36 months, $3199 due at signing
Mitsubishi Lancer - $189/month, 36 months, $2988 due at signing
Mitsubishi Mirage - $149/month, 36 months, $3298 due at signing
Mitsubishi Outlander Sport - $179/month, 36 months, $3378 due at signing
Mitsubishi I-Miev - $189/month, 36 months, $3388 due at signing
Nissan Altima - $189/month, 36 months, $2699 due at signing
Nissan Juke - $199/month, 36 months, $2999 due at signing
Nissan Rogue - $199/month, 36 months, $2699 due at signing
Nissan Rogue Select - $189/month, 36 months, $2799 due at signing
Nissan Sentra – $139/month, 36 months, $2749 due at signing
Nissan Versa Note – $179/month, 36 months, $1999 due at signing
Nissan Versa Sedan - $179/month, 36 months, $1999 due at signing
Nissan LEAF – $199/month, 36 months, $2399 due at signing
Scion iA - $169/month, 36 months, $1999 due at signing
Scion iM - $199/month, 36 months, $1999 due at signing
Scion tC (2015)- $179/month, 36 months, $2219 due at signing
Scion tC (2016)- $199/month, 36 months, $1999 due at signing
Scion xB - $189/month, 36 months, $1999 due at signing
Smart Electric Drive Coupe- $139/month, 36 months, $1433 due at signing
Smart Electric Drive Coupe - $159/month, 24 months, $1463 due at signing
Smart Electric Drive Cabriolet - $199/month, 36 months, $1493 due at signing
Smart Pure Coupe (2015) - $99/month, 36 months, $1393 due at signing
Smart Pure Coupe (2016) - $139/month, 36 months, $1433 due at signing
Smart Passion Coupe - $149/month, 36 months, $1443 due at signing
Subaru Impreza (2015) – $145/month, 36 months, $1945 due at signing
Subaru Impreza (2016) – $155/month, 36 months, $1785 due at signing
Subaru Legacy - $199/month, 36 months, $1869 due at signing
Toyota Prius C - $189/month, 24 or 36 months, $2588 due at signing
Be reminded that these car lease deals may vary or not be offered in some regions of the country. Check with your local dealer for details.
Also know that there are many leases not listed here that have payments slightly higher than $200/month. With a small increase in down payment (cap cost reduction), it’s easy to get a lower monthly payment. Similarly, other leases not listed have relatively high payments but require no down payment. If you can afford a substantial down payment, you can create a much lower monthly payment, possibly less than $200.
Know Your Credit Score
You may know, of course, that these special deals are only made available to customers with good credit. Customers with low credit scores will not qualify and will pay higher rates. It’s good advice to always know your latest FICO credit score. What’s your FICO score? Find out now when you check your credit report for $1 at Experian.com! Don’t let car dealers know more about you than you know about yourself.
Summary
Car leases for $199 a month or less make for some very affordable deals. Fortunately, we find that car companies are offering such deals in greater numbers on more and more models. We think this will be a growing trend in 2015/2016. Stay tuned.
Whether you lease or buy, you should look for the lowest price on the car you want. We recommend TrueCar because they display prices that other people are paying in your area and then give you a low price guarantee that includes any rebates and incentives that might be available at the time.
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