Best $199 Lease Deals: September 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 - September 14, 2017

$199/month lease deals sound great, but are they really the best value? Unfortunately, it’s impossible to know without identifying the true effective cost using both the monthly payment and amount due at signing. Using this method, we’ve found some great deals, but also some serious duds.

For example, the $16,000 Mitsubishi Mirage G4 seems like a good value at $189/month, but it has an effective cost of $283 because of a whopping $3,388 amount due at signing. That’s more expensive than a $26,000 Honda Accord Sport ($266)!

We uncovered the effective cost of every $199-and under lease to reveal the best values in September. Cheapness doesn’t always correlate with value, which is why we’ve considered MSRP to tell you if you’re truly getting a good deal. Here are our top picks.

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

Updated 2:10 pm Thursday, September 14

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: October 2, 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 with automatic is $21/month less than the cheapest Honda Fit ($185 vs. $206).

Are you a recent graduate? You may qualify for an additional $500 off to sweeten the deal. Just provide proof that you graduated within the past 2 years and have a full-time job. It doesn’t get much 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: October 31, 2017

The 2017 Kia Forte LX continues to be one of the cheapest leases at just $139/month. Unlike the Jetta, you can choose between a traditional 4-door sedan or a versatile 5-door hatchback.

What’s nice is that both styles can be had for the exact same lease price. With an effective cost of $195, this is one of the few truly sub-$200 leases at the moment without a bunch of strings attached. Get your custom lease quote »

Toyota Camry
  • Monthly Payment: $189
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $245
  • MSRP: $24,929
  • Expires: October 2, 2017

Once again, the 2017 Camry SE ranks as a top deal at just $189/month here in Los Angeles. With an effective cost of $245, it’s just $20/month more expensive than a Honda Civic LX despite a $4,514 difference in MSRP ($245 vs. $225). Now is the best time to buy before remaining inventory is gone for good. 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: October 31, 2017

At $199/month, the 2017 Acura ILX Base is a surprisingly attractive choice following a large price cut back in June. With an effective cost of $268, it’s just $17 more expensive than a Honda Civic 1.5T EX despite a price difference of $5,765. You won’t find a more affordable luxury car without some sort of catch. Get your custom lease quote »

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Best $199-And-Under SUV Leases

Honda HR-V
  • Monthly Payment: $179
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $2,299
  • Effective Monthly Cost: $243
  • MSRP: $21,205
  • Expires: October 31, 2017

If price is your number one priority, the HR-V should be appealing thanks to an affordable $179/month lease. Its effective cost comes in at $243, making it the cheapest lease on a subcompact SUV. That said, offers in this segment tend not to be particularly great values.

In fact, at this price you could actually upgrade to a 2017 Toyota RAV4 LE for an extra $12/month despite a price difference of $4,869. A low price is important, but this is one case in which we’d consider an upgrade. Which brings us to our next pick.. 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: October 2, 2017

The 2017 RAV4 LE continues to feature a stellar $199/month lease here in Los Angeles. That’s the same deal that debuted for July Fourth. At $255, its effective cost undercuts rivals like the Hyundai Tucson ($278) and Ford Escape ($306).

Like most Toyotas, you also get the benefit of advanced safety tech like lane departure warning, adaptive cruise control, automatic emergency braking and more. It even comes with 2 years of routine maintenance at no extra charge. Get your custom lease quote »

Mazda CX-5
  • Monthly Payment: $199
  • Term: 36 months
  • Mileage: 12k
  • Due at Signing: $1,999
  • Effective Monthly Cost: $255
  • MSRP: $24,985
  • Expires: October 2, 2017

The 2017 Mazda CX-5 is a surprisingly good value following a $20/month price cut to match the RAV4. With an effective cost of $255, the CX-5 Sport is now $10 cheaper to lease than the diminutive Chevy Trax ($265 here in California).

Along with sporty handling, the Sport gets you a 31 mpg highway EPA rating, alloy wheels, push-button start, a touchscreen audio system, low-speed emergency braking and more. This is a rare deal available in California and a handful of other states. Get your custom lease quote »

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Best $199-And-Under Truck Leases

Unfortunately, there are no $199 and under truck leases to speak of at the moment. The closest match is the well-reviewed 2017 Ford F-150 at just $219 for 24 months with $4,219 due at signing and a 10,500 mile per year driving allowance.

However, to get to that price, you’ll have to choose an XL 4x2 SuperCrew truck with STX Package and 2.7-liter EcoBoost engine. Lease discounts favor this configuration, so opting for another will result in a much different offer. With an effective cost of $395, we think it’s worth asking about at your local dealer.

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 Year/Make/Model/Trim Pmt Term Mileage Due at Signing More Info
$185 2017 Volkswagen Jetta 1.4T S Automatic $129 36 10k $1,999 Get Details
$195 2017 Kia Forte 2.0 I4 LX Sedan Automatic $139 36 12k $1,999 Get Details
$195 2017 Kia Forte 2.0 I4 LX Hatchback Automatic $139 36 12k $1,999 Get Details
$205 2017 Nissan Sentra SV w/CVT $149 36 12k $1,999 Get Details
$206 2017 Honda Fit LX Automatic $139 36 12k $2,399 Get Details
$215 2017 Kia Soul EV EVe (CA only) $159 36 12k $1,999 Get Details
$215 2017 Toyota Corolla SE $159 36 12k $1,999 Get Details
$215 2017 Ford Focus Electric Base $139 36 10.5k $2,739 Get Details
$217 2017 Subaru Impreza 2.0i Standard Sedan Manual $165 36 12k $1,885 Get Details
$220 2017 Ford C-Max Hybrid SE 200A $149 36 10.5k $2,549 Get Details
$221 2017 Hyundai Elantra GT Base Automatic (Loyalty/Conquest) $179 36 12k $1,499 Get Details
$224 2016 Volkswagen e-Golf SE 4dr $159 36 10k $2,349 Get Details
$225 2017 Honda Civic 2.0 LX Sedan $169 36 12k $1,999 Get Details
$225 2017 Honda Civic 2.0 LX Coupe $169 36 12k $1,999 Get Details
$225 2017 Hyundai Elantra SE Automatic $169 36 12k $1,999 Get Details
$225 2017 Mazda Mazda3 Sport Sedan w/Automatic $169 36 12k $1,999 Get Details
$225 2017 Toyota Yaris iA Base $169 36 12k $1,999 Get Details
$227 2017 Honda Fit EX Automatic $149 36 12k $2,799 Get Details
$227 2018 Subaru Impreza 2.0i Standard Sedan Manual $175 36 12k $1,885 Get Details
$235 2018 Hyundai Elantra SE Automatic $179 36 12k $1,999 Get Details
$235 2017 Hyundai Elantra GT Base Automatic $179 36 12k $1,999 Get Details
$235 2017 Kia Soul Base Automatic $179 36 12k $1,999 Get Details
$235 2017 Kia Soul EV EV Base $179 36 12k $1,999 Get Details
$235 2017 Toyota Corolla iM Base $179 36 12k $1,999 Get Details
$236 2017 FIAT 500e Base (CA, OR) $180 36 12k $1,999 Get Details
$238 2017 Honda Civic 2.0 EX Sedan $169 36 12k $2,499 Get Details
$240 2017 Hyundai Sonata 2.4L SE $179 36 12k $2,199 Get Details
$242 2017 Ford Focus SEL Sedan Auto SYNC & Sound $179 36 10.5k $2,259 Get Details
$243 2017 Ford Fiesta SE Hatchback Auto SYNC & Sound $199 36 10.5k $1,569 Get Details
$243 2017 Honda HR-V LX 2WD $179 36 12k $2,299 Get Details
$244 2017 Subaru Crosstrek 2.0i Standard w/Manual $189 36 12k $1,979 Get Details
$244 2017 Jeep Compass Sport 4x2 $173 42 12k $2,999 Get Details
$245 2017 Honda Accord LX CVT Sedan $189 36 12k $1,999 Get Details
$245 2017 Kia Optima LX 4-cyl Automatic $189 36 12k $1,999 Get Details
$245 2017 Mazda CX-3 Sport FWD $189 36 12k $1,999 Get Details
$245 2017 Mazda Mazda3 Sport Hatchback w/Automatic $189 36 12k $1,999 Get Details
$245 2017 Toyota Camry SE $189 36 12k $1,999 Get Details
$245 2017 Volkswagen Passat 1.8T S Automatic $189 36 10k $1,999 Get Details
$247 2017 Subaru Legacy 2.5i Standard $175 36 12k $2,585 Get Details
$250 2017 Honda Fit EX-L Automatic $169 36 12k $2,899 Get Details
$251 2017 Honda Civic 1.5T EX Sedan $179 36 12k $2,599 Get Details
$252 2017 Toyota RAV4 LE FWD (NYC) $169 36 12k $2,999 Get Details
$253 2017 Honda Civic 1.5T LX Hatchback $189 36 12k $2,299 Get Details
$254 2017 Honda Civic 1.5T EX Coupe $179 36 12k $2,699 Get Details
$254 2018 Subaru Crosstrek 2.0i Standard w/Manual $199 36 12k $1,979 Get Details
$254 2017 Jeep Compass Sport 4x4 $183 42 12k $2,999 Get Details
$255 2017 Ford Fusion SE 1.5L Tech $199 36 10.5k $1,999 Get Details
$255 2018 Kia Optima LX 4-cyl Automatic $199 36 12k $1,999 Get Details
$255 2018 Kia Soul Base Automatic $199 36 12k $1,999 Get Details
$255 2017 Kia Soul EV EV+ $199 36 12k $1,999 Get Details
$255 2018 Mazda CX-3 Sport FWD $199 36 12k $1,999 Get Details
$255 2017 Mazda CX-5 Sport FWD Automatic $199 36 12k $1,999 Get Details
$255 2018 Mazda Mazda3 Sport Sedan w/Automatic $199 36 12k $1,999 Get Details
$255 2017 Mazda Mazda6 Sport w/Automatic $199 36 12k $1,999 Get Details
$255 2017 Toyota RAV4 LE FWD (Los Angeles) $199 36 12k $1,999 Get Details
$256 2017 Honda Accord LX-S CVT Coupe $189 36 12k $2,399 Get Details
$257 2018 Subaru Legacy 2.5i Standard $185 36 12k $2,595 Get Details
$258 2017 Honda HR-V LX AWD $189 36 12k $2,499 Get Details
$260 2018 Hyundai Elantra GT Base Automatic $199 36 12k $2,199 Get Details
$262 2017 Mitsubishi Mirage DE CVT $169 36 12k $3,343 Get Details
$264 2017 Nissan Rogue S FWD $199 36 12k $2,349 Get Details
$264 2017 Jeep Compass Latitude 4x2 $193 42 12k $2,999 Get Details
$265 2017 Chevrolet Trax [CA and Select Regions] 1LT FWD $169 39 10k $3,749 Get Details
$266 2017 Honda Accord Sport Sedan $199 36 12k $2,399 Get Details
$266 2017 Kia Sportage LX FWD 2.4L I-4 AT $199 36 12k $2,399 Get Details
$267 2017 Honda Fit EX-L Navigation $189 36 12k $2,799 Get Details
$268 2017 Acura ILX Base 8-Spd DCT $199 36 10k $2,499 Get Details
$268 2017 Honda HR-V EX 2WD $199 36 12k $2,499 Get Details
$269 2017 Nissan Rogue Sport S FWD $159 36 12k $3,959 Get Details
$277 2018 Kia Sportage LX FWD 2.4L I-4 AT $199 36 12k $2,799 Get Details
$280 2017 Mitsubishi Outlander Sport 2.0 ES CVT 2WD $199 36 12k $2,898 Get Details
$280 2017 Honda Civic 1.5T EX-L Sedan $199 36 12k $2,899 Get Details
$280 2017 Honda Civic 1.5T EX-L Coupe $199 36 12k $2,899 Get Details
$283 2017 Mitsubishi Mirage G4 ES CVT $189 36 12k $3,388 Get Details
$285 2017 Chevrolet Trax [National] 1LT FWD $189 39 10k $3,759 Get Details
$286 2017 Nissan Altima 2.5 S (Plus $500 Bonus) $189 36 12k $3,499 Get Details
$310 2017 Buick Encore Base FWD 1SB $199 39 10k $4,333 Get Details
$321 2017 Chevrolet Cruze LT Hatchback $179 24 10k $3,419 Get Details
$324 2017 Chevrolet Cruze LT Sedan $179 24 10k $3,489 Get Details
$327 2018 Chevrolet Equinox [CA and Select Regions] LT 2WD $199 24 10k $3,069 Get Details
$330 2017 GMC Terrain SLE-1 2WD $199 24 10k $3,133 Get Details
$338 2018 Buick Encore Base FWD 1SB $199 39 10k $5,409 Get Details
$358 2018 Chevrolet Equinox [National] LT 2WD $199 24 10k $3,819 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