Best $199 Lease Deals: July 2017

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - July 13, 2017

Although there are a number of $199 lease deals, they aren’t always a great value. In an effort to create low monthly payments, some manufacturers require an exorbitant amount of cash due at lease signing. As a result, you can end up with some pretty horrendous deals.

For example, the GMC Terrain leases from $199 but requires $4,629 at signing. That makes it one of the absolute worst offers anywhere, with a higher effective lease cost than a $38,000 Acura RDX. And that’s despite the Acura costing $9,900 more on paper.

We looked at the effective cost of every vehicle with a payment of $199 or less and picked the best of the bunch. We also listed every offer at the bottom of this page with a rating based on effective cost and MSRP. Some are excellent deals, while others should make you run in the opposite direction.

Offers can vary by region and assume a Southern California location unless noted otherwise.

Updated 1:35 pm Thursday, July 13

Best $199-And-Under Car Leases

Volkswagen Jetta
  • Monthly Payment: $129
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $185
  • MSRP: $19,815
  • Expires: July 31, 2017

There’s simply no beating the Jetta as the hands-down best lease under $199. Here in California, the effective lease cost of the 1.4T S w/automatic is $21/month less than the cheapest Honda Fit ($185 vs. $206).

If you’d prefer to row your own gears, you can cut your payment $10 by choosing the standard 5-speed manual. There’s even a $500 college grad discount that can reduce your costs further. It doesn’t get better than this. Get your custom lease quote »

Kia Forte
  • Monthly Payment: $139
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $195
  • MSRP: $18,495
  • Expires: September 5, 2017

At $139/month, the Kia Forte LX is a remarkable value. Even better, both the sedan and hatchback now feature the exact same deal, so feel free to choose the style that meets your needs.

With an effective cost of $195, this is one of the few truly sub-$200 leases at the moment. The car was redesigned last year and boasts a more refined interior than you might expect from an economy car. Get your custom lease quote »

VW Passat
  • Monthly Payment: $179
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $235
  • MSRP: $23,260
  • Expires: July 31, 2017

The Passat undercuts most midsize cars with an incredible $179/month lease this month here in California. In fact, with an effective cost of just $235, the 2017 Passat 1.8T S is just $10/month more than the cheapest Honda Civic.

At that price, you’ll be getting an incredibly spacious vehicle with some German curb appeal. Like all Passat models, the car also comes with some advanced safety equipment like forward collision warning and autonomous emergency braking at no extra charge. Get your custom lease quote »

Acura ILX
  • Monthly Payment: $199
  • Term: 36 months
  • Mileage: 10k
  • Due at Signing: $2,499
  • Effective Monthly Cost: $268
  • MSRP: $28,940
  • Expires: September 5, 2017

Last month, the 2017 Acura ILX received a big cut in price. The often-overlooked car now starts at just $199/month, making it the most affordable lease from a premium brand.

With an effective monthly cost of $268, the ILX Base is just $30/month more expensive than a Honda Civic 2.0 EX. That’s pretty impressive considering the nearly $7,000 difference in sticker prices. Get your custom lease quote »

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Best $199-And-Under SUV Leases

Nissan Rogue Sport.
  • Monthly Payment: $159
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $3,379
  • Effective Monthly Cost: $253
  • MSRP: $23,245
  • Expires: July 31, 2017

At $159/month, the Nissan Rogue Sport is the best deal on a subcompact SUV. Sure, although the Honda HR-V LX may be cheaper, it’s not the best deal.

Even though the Rogue Sport S is over $2,000 more expensive, it’s only $10/month more to lease than the HR-V when you compare effective costs ($253 vs. $243). Pretty impressive for an all-new model.

That said, you may want to wait — later this year, the Rogue Sport will get automatic emergency braking as a standard feature when it goes on sale as a 2018 model. Get your custom lease quote »

Chevy Equinox
  • Monthly Payment: $179
  • Term: 24 months
  • Mileage: 10k
  • Due at Signing: $1,849
  • Effective Monthly Cost: $256
  • MSRP: $27,645
  • Expires: July 31, 2017

The Chevy Equinox ranks as a stellar value thanks to a $179/month lease deal in states like California. Although the promotional lease term is shorter than most, the 2017 Equinox LT has the lowest effective lease cost out of any SUV over $27,000.

You can even get a $1,500 discount if you or anyone in your household is already leasing another GM vehicle or competitor. You’ll have to act fast, however — now that the 2018 Equinox is here, supplies of the outgoing model are becoming hard to come across. Get your custom lease quote »

Toyota RAV4
  • Monthly Payment: $199
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $255
  • MSRP: $26,074
  • Expires: July 31, 2017

Just before July Fourth, Toyota cut its lease price on the popular 2017 RAV4 by an impressive $20/month. The over $26,000 vehicle now features a $199/month lease that’s the best we’ve seen to date.

With an effective cost of $255, the RAV4 LE is just $10 more expensive than the Camry. But unlike the Camry, it comes with advanced safety features like automatic emergency braking, lane departure warning and more. Get your custom lease quote »

Nissan Rogue
  • Monthly Payment: $199
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,099
  • Effective Monthly Cost: $257
  • MSRP: $25,165
  • Expires: July 31, 2017

With a lease starting at $199/month, the Nissan Rogue S is an outstanding value. We actually consider this a better deal than the Rogue Sport when you consider the Rogue is $1,920 more expensive but only $4/month more to lease ($257 vs. $253).

However, shoppers should be aware that Nissan has quietly begun adding automatic emergency braking mid-year with a new version called the 2017.5 Rogue. If you have the choice, we recommend opting for the newer version. Get your custom lease quote »

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Best $199-And-Under Truck Leases

Unfortunately, we weren’t able to find any promotional truck leases under $199. The closest match is probably the 2017 Ford F-150 XL 4x2 SuperCrew w/STX Package at $219 for 24 months with $4,219 due at signing (10,500 miles per year) here in Los Angeles.

However, with an effective cost of $395, we think the Nissan Titan is a superior value. The 2017 Titan S 4x4 Crew Cab starts at $289 for 36 months and requires $3,679 at signing. Although it’s over $2,000 more expensive than the F-150, it’s actually $4/month cheaper to lease because of more favorable discounts ($395 vs. $391).

All $199-And-Under Lease Deals

Wondering if a lease is any good but not sure whether the payment and amount due at signing equate to a good deal? We’ve already done the math and reduced every lease deal to an effective monthly lease cost and ranked them from cheapest to most expensive.

Effective Lease Cost Our Deal Rating Year/Make/Model/Trim Pmt Term Mileage Due at Signing More Info
$175 Excellent 2017 Volkswagen Jetta 1.4T S Manual $119 36 10k $1,999 Get Details
$185 Excellent 2017 Volkswagen Jetta 1.4T S Automatic $129 36 10k $1,999 Get Details
$195 Good 2017 Kia Forte 2.0 I4 LX Hatchback Automatic $139 36 12k $1,999 Get Details
$195 Good 2017 Kia Forte 2.0 I4 LX Sedan Automatic $139 36 12k $1,999 Get Details
$205 Good 2017 Nissan Sentra SV w/CVT $149 36 12k $1,999 Get Details
$206 Not Good 2017 Honda Fit LX Automatic $139 36 12k $2,399 Get Details
$214 Good 2017 Mazda Mazda3 i Sport Sedan Automatic $159 36 12k $1,989 Get Details
$215 Excellent 2017 Kia Soul EV EVe (CA only) $159 36 12k $1,999 Get Details
$215 Excellent 2017 Toyota Corolla SE $159 36 12k $1,999 Get Details
$215 Excellent 2017 Ford Focus Electric Base $139 36 10.5k $2,739 Get Details
$217 Not Good 2017 Subaru Impreza 2.0i Standard Sedan Manual $165 36 12k $1,885 Get Details
$220 Excellent 2017 Ford C-Max Hybrid SE 200A $149 36 10.5k $2,549 Get Details
$221 Good 2017 Hyundai Elantra GT Base Automatic (Conquest) $179 36 12k $1,499 Get Details
$224 Excellent 2016 Volkswagen e-Golf SE 4dr $159 36 10k $2,349 Get Details
$225 Good 2017 Honda Civic 2.0 LX Coupe $169 36 12k $1,999 Get Details
$225 Good 2017 Honda Civic 2.0 LX Sedan $169 36 12k $1,999 Get Details
$225 Not Good 2017 Hyundai Elantra SE Automatic $169 36 12k $1,999 Get Details
$227 Not Good 2017 Honda Fit EX Automatic $149 36 12k $2,799 Get Details
$234 Not Good 2017 Mazda Mazda3 Sport Hatchback Automatic $179 36 12k $1,989 Get Details
$235 Excellent 2017 Kia Soul EV EV Base $179 36 12k $1,999 Get Details
$235 Excellent 2017 Volkswagen Passat 1.8T S Automatic $179 36 10k $1,999 Get Details
$235 Not Good 2017 Hyundai Elantra GT Base Automatic $179 36 12k $1,999 Get Details
$235 Not Good 2017 Toyota Corolla iM Base $179 36 12k $1,999 Get Details
$235 Run Away 2018 Hyundai Elantra SE Automatic $179 36 12k $1,999 Get Details
$235 Run Away 2017 Kia Soul Base Automatic $179 36 12k $1,999 Get Details
$236 Excellent 2017 FIAT 500e Base (CA, OR) $180 36 12k $1,999 Get Details
$238 Good 2017 Honda Civic 2.0 EX Sedan $169 36 12k $2,499 Get Details
$240 Good 2017 Hyundai Sonata 2.4L SE $179 36 12k $2,199 Get Details
$242 Not Good 2017 Ford Focus SEL Sedan Auto SYNC & Sound $179 36 10.5k $2,259 Get Details
$243 Run Away 2017 Ford Fiesta SE Hatchback Auto SYNC & Sound $199 36 10.5k $1,569 Get Details
$243 Not Good 2017 Honda HR-V LX 2WD $179 36 12k $2,299 Get Details
$244 Good 2017 Subaru Crosstrek 2.0i Standard $189 36 12k $1,979 Get Details
$245 Excellent 2017 Toyota Camry SE 4-cyl $189 36 12k $1,999 Get Details
$245 Good 2017 Honda Accord LX CVT Sedan $189 36 12k $1,999 Get Details
$245 Good 2017 Kia Optima LX 4-cyl Automatic $189 36 12k $1,999 Get Details
$245 Not Good 2017 Mazda CX-3 Sport FWD Automatic $189 36 12k $1,999 Get Details
$245 Run Away 2017 Toyota Yaris iA Base $189 36 12k $1,999 Get Details
$247 Good 2017 Subaru Legacy 2.5i Standard $175 36 12k $2,585 Get Details
$250 Not Good 2017 Honda Fit EX-L Automatic $169 36 12k $2,899 Get Details
$251 Good 2017 Honda Civic 1.5T EX Sedan $179 36 12k $2,599 Get Details
$252 Excellent 2017 Toyota RAV4 LE FWD (NYC) $169 36 12k $2,999 Get Details
$253 Good 2017 Nissan Rogue Sport S FWD $159 36 12k $3,379 Get Details
$253 Not Good 2017 Honda Civic 1.5T LX Hatchback $189 36 12k $2,299 Get Details
$254 Good 2017 Honda Civic 1.5T EX Coupe $179 36 12k $2,699 Get Details
$255 Excellent 2017 Kia Soul EV EV+ $199 36 12k $1,999 Get Details
$255 Excellent 2017 Toyota RAV4 LE FWD (Los Angeles) $199 36 12k $1,999 Get Details
$255 Good 2017 Mazda Mazda6 Sport Automatic $199 36 12k $1,999 Get Details
$256 Excellent 2017 Honda Accord LX-S CVT Coupe $189 36 12k $2,399 Get Details
$256 Excellent 2017 Chevrolet Equinox [CA and Select Regions] LT FWD $179 24 10k $1,849 Get Details
$257 Good 2017 Nissan Rogue S FWD $199 36 12k $2,099 Get Details
$258 Good 2017 MINI Hardtop Cooper 4dr Automatic $199 36 10k $2,134 Get Details
$258 Not Good 2017 Honda HR-V LX AWD $189 36 12k $2,499 Get Details
$258 Good 2017 Chevrolet Trax [CA and Select Regions] 1LT FWD $169 39 10k $3,489 Get Details
$260 Good 2017 Kia Sportage LX FWD 2.4L I-4 AT $199 36 12k $2,199 Get Details
$261 Not Good 2017 MINI Hardtop Cooper 2dr Automatic $199 36 10k $2,230 Get Details
$262 Run Away 2017 Mitsubishi Mirage DE CVT $169 36 12k $3,343 Get Details
$264 Not Good 2018 Toyota C-HR XLE (NYC) $189 36 12k $2,699 Get Details
$266 Good 2017 Honda Accord Sport Sedan $199 36 12k $2,399 Get Details
$267 Not Good 2017 Honda Fit EX-L Navigation $189 36 12k $2,799 Get Details
$268 Run Away 2017 Jeep Compass Sport 4x2 $185 36 12k $2,999 Get Details
$268 Run Away 2017 Mitsubishi Lancer ES CVT $199 36 12k $2,498 Get Details
$268 Excellent 2017 Acura ILX Base 8-Spd DCT $199 36 10k $2,499 Get Details
$268 Not Good 2017 Hyundai Tucson SE FWD $199 36 12k $2,499 Get Details
$268 Not Good 2017 Honda HR-V EX 2WD $199 36 12k $2,499 Get Details
$269 Run Away 2017 Mitsubishi Outlander Sport 2.0 ES CVT 2WD $189 36 12k $2,888 Get Details
$277 Good 2017 Jeep Renegade Latitude 4x4 $189 42 10k $3,699 Get Details
$278 Not Good 2017 Nissan Altima 2.5 S (Plus $500 Bonus) $189 36 12k $3,199 Get Details
$278 Not Good 2017 Jeep Compass Sport 4x4 $195 36 12k $2,999 Get Details
$278 Run Away 2017 Jeep Patriot Sport 4x2 $195 36 12k $2,999 Get Details
$279 Not Good 2017 Chevrolet Trax [National] 1LT FWD $189 39 10k $3,499 Get Details
$280 Not Good 2017 Honda Civic 1.5T EX-L Sedan $199 36 12k $2,899 Get Details
$280 Not Good 2017 Honda Civic 1.5T EX-L Coupe $199 36 12k $2,899 Get Details
$283 Run Away 2017 Mitsubishi Mirage G4 ES CVT $189 36 12k $3,388 Get Details
$284 Not Good 2017 Jeep Renegade Latitude 4x2 $189 42 10k $3,999 Get Details
$289 Good 2017 Chevrolet Equinox [National] LT FWD $199 24 10k $2,149 Get Details
$289 Not Good 2017 Buick Encore Base FWD 1SB $199 39 10k $3,509 Get Details
$299 Run Away 2017 Chevrolet Cruze LT Hatchback $179 24 10k $2,889 Get Details
$302 Run Away 2017 Chevrolet Cruze LT Sedan $179 24 10k $2,959 Get Details
$321 Run Away 2017 Buick Verano Sport Touring FWD $199 39 10k $4,749 Get Details
$392 Run Away 2017 GMC Terrain SLE-1 2WD $199 24 10k $4,629 Get Details


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, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website