Best Car Leases Under $200 in 2017

best car leasesThere are currently a surprising number of good car lease deals for less than $200 a month being offered during September 2017 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

Acura ILX 8 speed  - $199/month, 36 months, $2499 due at signing

Chevy Cruze LT Preferred Sedan – $179/month, 24 months, $3489 due at signing

Chevy Cruze LT Preferred Hatch – $179/month, 24 months, $3419 due at signing

Chevy Equinox (2017) - $199/month, 24 months, $1699 due at signing

Chevy Equinox (2018) - $199/month, 24 months, $3569 due at signing

Chevy Trax 1 LT Preferred – $189/month, 39 months, $3759 due at signing

Chrysler 300 – $199/month, 39 months, $3399 due at signing

Dodge Challenger SXT – $179/month, 36 months, $2799 due at signing

Dodge Charger - $199/month, 39 months, $2799 due at signing

Fiat 500e FWD – $180/month, 36 months, $1999 due at signing

Ford C-MAX – $159/month, 36 months, $2169 due at signing

Ford C-MAX Hybrid SE – $185/month, 36 months, $2590 due at signing

Ford C-MAX Hybrid Titanium – $199/month, 36 months, $3504 due at signing

Ford C-MAX Energi SE – $159/month, 36 months, $3604 due at signing

Ford C-MAX Energi Titanium  - $194/month, 36 months, $3939 due at signing

Ford Fiesta S sedan – $157/month, 39 months, $2256 due at signing

Ford Fiesta S hatch – $158/month, 39 months, $2287 due at signing

Ford Fiesta SE sedan – $170/month, 39 months, $2392 due at signing

Ford Fiesta SE sedan – $199/month, 36 months, $1546 due at signing

Ford Fiesta SE hatch – $170/month, 39 months, $2422 due at signing

Ford Focus S sedan – $154/month, 39 months, $2564 due at signing

Ford Focus SE sedan – $149/month, 36 months, $2699 due at signing

Ford Focus SE sedan – $179/month, 36 months, $2010 due at signing

Ford Focus SE hatch – $188/month, 39 months, $2897 due at signing

Ford Focus SEL sedan – $195/month, 39 months, $3005 due at signing

Honda Accord coupe – $189/month, 36 months, $2399 due at signing

Honda Accord sedan – $189/month, 36 months, $1999 due at signing

Honda Civic sedan – $169/month, 36 months, $1999 due at signing

Honda Civic coupe – $169/month, 36 months, $1999 due at signing

Honda Civic hatchback – $189/month, 36 months, $2299 due at signing

Honda Fit – $139/month, 36 months, $2399 due at signing

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

Hyundai Elantra (2017) – $169/month, 36 months, $1799 due at signing

Hyundai Elantra (2018) - $179/month, 36 months, $1999 due at signing

Hyundai Elantra GT (2017) – $179/month, 36 months, $1499 due at signing

Hyundai Elantra GT (2018) - $199/month, 36 months, $2199 due at signing

Hyundai Sonata – $199/month, 36 months, $2399 due at signing

Hyundai Tucson – $199/month, 36 months, $2999 due at signing

Jeep Compass Latitude FWD – $139/month, 24 months, $2899 due at signing

Jeep Patriot Sport SE FWD – $187/month, 36 months, $2999 due at signing

Jeep Patriot Sport FWD – $182/month, 42 months, $2999 due at signing

Jeep Patriot Sport 4×4 - $192/month, 42 months, $2999 due at signing

Jeep Renegade Limited FWD – $199/month, 42 months, $2799 due at signing

Kia Forte  - $129/month, 36 months, $2667 due at signing

Kia Forte 5  - $149/month, 36 months, $1999 due at signing

Kia Niro  – $179/month, 36 months, $3332 due at signing

Kia Optima – $159/month, 24 months, $2891 due at signing

Kia Optima – $169/month, 36 months, $2992 due at signing

Kia Sorento LX – $189/month, 36 months, $3602 due at signing

Kia Soul  - $169/month, 36 months, $2666 due at signing

Kia Soul EV EV  - $179/month, 36 months, $1999 due at signing

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

Kia Sportage – $179/month, 36 months, $3199 due at signing

Mazda3 4 dr – $169/month, 36 months, $1999 due at signing

Mazda3 5 dr – $189/month, 36 months, $1999 due at signing

Mazda6 – $199/month, 36 months, $1999 due at signing

Mazda CX-3 – $189/month, 36 months, $1999 due at signing

Mitsubishi Lancer – $199/month, 36 months, $2498 due at signing

Mitsubishi Mirage – $169/month, 36 months, $3343 due at signing

Mitsubishi Mirage G4 – $189/month, 36 months, $3388 due at signing

Mitsubishi Outlander Sport ES 2WD – $199/month, 36 months, $2898 due at signing

Mitsubishi Outlander Sport ES AWD – $199/month, 36 months, $3198 due at signing

Nissan Altima – $189/month, 36 months, $3799 due at signing

Nissan Rogue – $199/month, 36 months, $3449 due at signing

Nissan Rogue Sport – $159/month, 36 months, $3959 due at signing

Nissan Sentra – $149/month, 36 months, $2999 due at signing

Smart Pure Coupe (2016) – $89/month, 36 months, $1983 due at signing

Smart Pure Coupe (2017) – $109/month, 36 months, $2003 due at signing

Subaru Crosstrek (2017)  - $189/month, 36 months, $1979 due at signing

Subaru Crosstrek (2018)  - $199/month, 36 months, $1979 due at signing

Subaru Impreza (2017) – $165/month, 36 months, $1885 due at signing

Subaru Impreza (2018) – $175/month, 36 months, $1885 due at signing

Subaru Legacy (2017)  - $159/month, 36 months, $2569 due at signing

Subaru Legacy  (2018)  - $185/month, 36 months, $2595 due at signing

Toyota C-HR – $189/month, 36 months, $3188 due at signing

Toyota Corolla (2017) – $169/month, 36 months, $2868 due at signing

Toyota Corolla (2018) – $189/month, 36 months, $2888 due at signing

Toyota Corolla iM – $189/month, 36 months, $2888 due at signing

Toyota Prius C – $199/month, 36 months, $2898 due at signing

Toyota Yaris iA - $159/month, 36 months, $2858 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.

Don’t See the Deal You Want?

You might not find a special lease deal on the exact car you want. So what to do? Since PRICE is the most important factor in getting a good lease deal, you can shop around for the best prices on your car, on which to base your lease. However, the fastest, easiest, and most convenient way to do that is by using an online car pricing service such as Edmunds.com. See prices from multiple dealers who are competing for your business. When you see a deal you like, go down and sign papers to complete the deal and drive your car home that day.

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 with a purchase of your Experian Credit Report for $1 with enrollment in Experian CreditWorksSM!

Don’t let car dealers know more about you than you know about yourself.


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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 2017. Stay tuned. Whether you lease or buy, you should look for the lowest price on the car you want. We recommend Edmunds.com because they give you prices from multiple dealers and then show you the best  low price deal that includes any rebates and incentives that might be available at the time.

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