Best Car Leases Under $200 in 2016

best car leasesThere are currently a surprising number of good car lease deals for less than $200 a month being offered during December 2016 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.

There is no other way to get a brand new car for less than two hundred dollars a month than through these special manufacturer-offered lease deals. 

All the leases we list below are for brand new 2016 and 2017 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 more or 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 (2016)  - $189/month, 39 months, $2619 due at signing

Buick Encore (2017)  - $199/month, 39 months, $2899 due at signing

Buick Verano  - $199/month, 39 months, $3909 due at signing

Chevy Cruze LT Preferred  - $189/month, 39 months, $1999 due at signing

Chevy Equinox  - $189/month, 24 months, $3049 due at signing

Chevy Trax 1 LT Preferred - $184/month, 39 months, $2194 due at signing

Chevy Trax 1LT - $189/month, 39 months, $2639 due at signing

Fiat 500e FWD  - $149/month, 36 months, $1999 due at signing

Ford C-MAX  - $169/month, 36 months, $2449 due at signing

Ford Fiesta  - $159/month, 36 months, $1824 due at signing

Ford Focus  - $169/month, 36 months, $2154 due at signing

Ford Fusion  - $189/month, 36 months, $2429 due at signing

GMC Terrain  – $199/ month, 24 months, $3389 due at signing

Honda Accord sedan  - $199/month, 36 months, $1999 due at signing

Honda Civic sedan (2016) - $169/month, 36 months, $1999 due at signing

Honda Civic sedan (2017) - $189/month, 36 months, $2199 due at signing

Honda Civic coupe (2016) – $179/month, 36 months, $2399 due at signing

Honda Civic coupe (2017) – $189/month, 36 months, $2499 due at signing

Honda CR-V 2Wd LX - $199/month, 36 months, $2699 due at signing

Honda CR-V AWD - $199/month, 36 months, $3199 due at signing

Honda HR-V 2WD - $189/month, 36 months, $2299 due at signing

Honda HR-V AWD - $189/month, 36 months, $2799 due at signing

Honda Fit  - $139/month, 36 months, $2199 due at signing

Hyundai Accent (2016) - $169/month, 36 months, $1699 due at signing

Hyundai Accent (2017) - $169/month, 36 months, $2199 due at signing

Hyundai Elantra  - $169/month, 36 months, $1799 due at signing

Hyundai Elantra GT  (2016)  - $179/month, 36 months, $1499 due at signing

Hyundai Elantra GT  (2017)  - $189/month, 36 months, $1499 due at signing

Hyundai Sonata (2016)  - $199/month, 36 months, $1649 due at signing

Hyundai Sonata (2017)  - $199/month, 36 months, $2399 due at signing

Hyundai Veloster - $169/month, 36 months, $899 due at signing

Jeep Compass Sport ES FWD (2016)  - $119/month, 36 months, $2799 due at signing

Jeep Compass Sport SE  - $199/month, 36 months, $2999 due at signing

Jeep Compass Sport ES FWD (2017)  - $193/month, 42 months, $2999 due at signing

Jeep Compass Latitude (2016) - $183/month, 42 months, $2999 due at signing

Jeep Compass Latitude (2017)  - $193/month, 42 months, $2999 due at signing

Jeep Compass High Altitude  - $173/month, 42 months, $2999 due at signing

Jeep Patriot Sport  - $159/month, 36 months, $2499 due at signing

Jeep Patriot Sport  - $193/month, 42 months, $2999 due at signing

Kia Forte  (2016) – $169/month, 39 months, $1999 due at signing

Kia Forte  (2017) – $149/month, 39 months, $2499 due at signing

Kia Forte 5 (2016)  - $169/month, 39 months, $1999 due at signing

Kia Forte 5 (2017)  - $149/month, 39 months, $2499 due at signing

Kia Forte Koup  - $199/month, 39 months, $1999 due at signing

Kia Optima Hybrid  – $163/month, 24 months, $1499 due at signing

Kia Optima Hybrid  - $189/month, 39 months, $1999 due at signing

Kia Optima  - $169/month, 39 months, $1999 due at signing

          Kia Optima  - $179/month, 24 months, $1499 due at signing          

          Kia Soul (2016) - $159/month, 39 months, $2499 due at signing

Kia Soul (2017) - $189/month, 39 months, $1999 due at signing

          Kia Soul EV - $199/month, 36 months, $1999 due at signing

          Mazda 3 4 door (2016)  - $159/month, 39 months, $1999 due at signing

          Mazda 3 4 door (2017)  - $169/month, 39 months, $1979 due at signing

          Mazda 3 5 door (2016) $179/month, 39 months, $1999 due at signing

Mazda 3 5 door (2017)  - $189/month, 39 months, $1979 due at signing

          Mazda CX-3  - $199/month, 39 months, $1999 due at signing

          Mini Cooper Clubman  - $199/month, 24 months, $2499 due at signing

          Mitsubishi Lancer (2016)  - $199/month, 36 months, $2498 due at signing

          Mitsubishi Lancer (2017)  - $189/month, 36 months, $2488 due at signing

Mitsubishi Mirage  - $159/month, 36 months, $3333 due at signing

Mitsubishi Mirage G4  - $179/month, 36 months, $3378 due at signing

Mitsubishi Outlander Sport ES 2WD (2016 and 2017) - $189/month, 36 months, $2888 due at signing

Mitsubishi Outlander Sport ES AWD (2016 and 2017)  – $189/month, 36 months, $3188 due at signing

Mitsubishi Outlander Sport SE 2WD  – $199/month, 36 months, $3198 due at signing

Nissan Altima  - $189/month, 36 months, $2899 due at signing

Nissan LEAF  - $199/month, 36 months, $2799 due at signing

Nissan Rogue  - $189/month, 36 months, $3499 due at signing

Nissan Sentra  – $139/month, 36 months, $2759 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 Pure Coupe (2016) $89/month, 36 months, $1983 due at signing

Smart Pure Coupe (2017) $139/month, 36 months, $2033 due at signing

Subaru Impreza (2016) – $135/month, 36 months, $1765 due at signing

Subaru Impreza (2017) – $175/month, 36 months, $1875 due at signing

Subaru Legacy  - $175/month, 36 months, $2585 due at signing

Toyota Camry  - $199/month, 36 months, $3198 due at signing

Toyota Corolla  - $169/month, 36 months, $2868 due at signing

Toyota Corolla iM  - $199/month, 36 months, $2598 due at signing

Toyota Yaris iA  - $169/month, 36 months, $2568 due at signing

Volkswagen Beetle  - $189/month, 36 months, $2349 due at signing

Volkswagen Jetta  - $199/month, 36 months, $0 due at signing

Volkswagen Tiguan S   - $199/month, 36 months, $2499 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 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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