Best $199 Lease Deals: December 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 - December 7, 2017

$199 month lease deals on new cars can certainly seem irresistible. But are they a good value? The truth is it's impossible to know without revealing the effective cost factoring the payment and amount due at signing.

We analyzed hundreds of leases in December with a payment of $199 or less to uncover the best deals on cars & SUVs. We've also listed every single offer at the bottom of this page based on price.

Be sure to also check out our monthly analysis of over 600 leases.

Updated December 8

Best $199-And-Under Car Leases

Kia Forte
  • Payment: $139 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $195
  • MSRP: $18,495
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: At just $139/month, the Kia Forte LX is an absolute steal. Although the Hyundai Elantra may seem remarkably similar, the Forte is superior when it comes to leasing.

With an effective cost of $195, the Forte has a $40/month advantage over the Elantra SE ($235). That's over $1,400 over the life of the lease. As a bonus, the Forte sedan and hatchback are eligible for the same deal.

What's Not: High-tech safety features like emergency braking and adaptive cruise control are only available on more expensive styles when upgrading with pricey option packages.

  • Payment: $199 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $0 (Sign & Drive)
  • Effective Monthly Cost: $199
  • MSRP: $19,855
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: It's incredibly rare to see a Sign & Drive lease on a car like this that isn't terrible. The deal already includes the cost of your first payment. Regional offers in places like Los Angeles are as low as $169/month.

Compared to something like the Honda Civic LX ($225) the Subaru has an advantage of over $25/month in terms of effective cost. That's a lot when comparing two vehicles side-by-side.

What's Not: Like many Subaru leases, this doesn't include the cost of an automatic transmission. Instead, the car comes standard with a 5-speed manual.

  • Payment: $199 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $2,299
  • Effective Monthly Cost: $263
  • MSRP: $24,790
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: Beginning last month, the Civic Si became eligible for the same discounts as regular Civics. Helped in no small part by its incredibly high residual value, the Si can now be leased from just $199/month.

Its effective cost of $263 (for either the sedan or coupe) is actually $1/month less than a plain Volkswagen Golf S ($264). That's $1 less for a vehicle normally $2,975 more expensive on paper.

What's Not: Unlike competitors like the GTI, the Civic Si isn't available with an automatic transmission. If you don't know how to drive stick (and aren't willing to learn), the Si isn't for you.

  • Payment: $189 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $245
  • MSRP: $24,130
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: There's still time to pick up a 2017 Accord LX from as little as $189/month. That's the best price we've seen to date. Interestingly, the car's effective cost of $245 is just $20/month more than a Civic LX ($225).

What's Not: Competitors like the Kia Optima and Toyota Camry can be leased for nearly the same price. In places like New York, you can actually lease the 2018 Camry— a completely new vehicle— for the exact same price.

Acura ILX
  • Payment: $199 for 36 months
  • Yearly Mileage: 10,000 miles
  • Amount Due at Signing: $2,499
  • Effective Monthly Cost: $268
  • MSRP: $28,940
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: At $199/month, the ILX is the cheapest lease on a luxury car. With an effective cost of just $268, the car is actually cheaper to lease than a 2018 Toyota Yaris iA ($275) despite a $10,995 difference in MSRP.

What's Not: The lease in question is for a base model with leatherette upholstery. The nicer Premium Package version offers more comfort but starts at $249/month and adds $50 to your effective cost ($318).

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Best $199-And-Under SUV Leases

  • Payment: $189 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $245
  • MSRP: $23,654
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: Offers on the C-HR improved for Black Friday. As a result, it now has a $60/month advantage over the 2018 RAV4 LE ($305).

Although the Volkswagen Tiguan Limited is cheaper ($238), the extra $7 gets you a completely different level of safety features and amenities.

What's Not: This is a regional offer available in Los Angeles. Deals in other parts of the country are attractive but may be more expensive.

Mazda CX-5
  • Payment: $199 for 33 months
  • Yearly Mileage: 12,000
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $260
  • MSRP: $24,985
  • Expiration: January 2, 2018
  • Your Price: Check local offers

What's Hot: If you can believe it, the effective cost of the CX-5 Sport is $10/month more than the CX-3. That's a small step up in terms of price for a vehicle that's larger, more comfortable and can hold more cargo.

What's Not: This is a regional deal available in places like California, Florida and New York. Offers in other areas are around $20/month more expensive.

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Every $199 Lease Deal

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 Cost Model Monthly Payment Term Due at Signing Region More Info
$169 2018 Subaru Impreza Standard Sedan Manual Sign & Drive (Los Angeles) $169 42 $0 Los Angeles Check Local Offers
$195 2017 Kia Forte LX Sedan $139 36 $1,999 California Check Local Offers
$195 2017 Kia Forte LX Hatchback $139 36 $1,999 California Check Local Offers
$199 2018 Subaru Impreza Standard Sedan Manual Sign & Drive (National) $199 42 $0 National Check Local Offers
$207 2018 Subaru Impreza Standard Sedan Manual (Los Angeles) $155 36 $1,865 Los Angeles Check Local Offers
$210 2017 Nissan Sentra SV w/CVT $149 36 $2,199 Los Angeles Check Local Offers
$215 2018 Kia Forte LX Sedan $159 36 $1,999 California Check Local Offers
$215 2018 Kia Forte LX Hatchback $159 36 $1,999 California Check Local Offers
$215 2017 Kia Soul EV EVe (CA only) $159 36 $1,999 California Check Local Offers
$215 2017 Volkswagen Jetta 1.4T S Automatic $159 36 $1,999 California Check Local Offers
$217 2017 Subaru Impreza 2.0i Standard Sedan Manual (Los Angeles) $165 36 $1,885 Los Angeles Check Local Offers
$221 2017 Hyundai Elantra GT Base Automatic (Loyalty/Conquest) $179 36 $1,499 California Check Local Offers
$224 2016 Volkswagen e-Golf SE $159 36 $2,349 Select States Check Local Offers
$225 2017 Honda Civic 2.0 LX Sedan $169 36 $1,999 National Check Local Offers
$225 2017 Honda Civic 2.0 LX Coupe $169 36 $1,999 National Check Local Offers
$225 2017 Toyota Yaris iA Base $169 36 $1,999 Southern California Check Local Offers
$230 2018 Mazda Mazda3 Sport Sedan w/Automatic $169 33 $1,999 Los Angeles Check Local Offers
$232 2017 Subaru Impreza 2.0i Standard Sedan Manual (National) $179 36 $1,899 National Check Local Offers
$233 2018 Honda Fit LX $169 36 $2,299 National Check Local Offers
$235 2018 Hyundai Elantra SE Automatic $179 36 $1,999 California Check Local Offers
$235 2017 Hyundai Elantra GT Base Automatic $179 36 $1,999 California Check Local Offers
$235 2017 Kia Soul Base Automatic $179 36 $1,999 California Check Local Offers
$235 2017 Kia Soul EV EV Base $179 36 $1,999 California Check Local Offers
$236 2017 FIAT 500e Base (CA, OR) $180 36 $1,999 National Check Local Offers
$238 2017 Honda Civic 2.0 EX Sedan $169 36 $2,499 National Check Local Offers
$238 2017 Volkswagen Tiguan Limited 2.0T S FWD $169 36 $2,499 California Check Local Offers
$242 2018 Subaru Impreza Standard Sedan Manual (National) $189 36 $1,899 National Check Local Offers
$242 2017 Ford Fiesta SE Hatchback Auto SYNC & Sound $199 36 $1,549 California Check Local Offers
$245 2017 Honda Accord LX CVT Sedan $189 36 $1,999 National Check Local Offers
$245 2017 Kia Optima LX 4-cyl Automatic $189 36 $1,999 California Check Local Offers
$245 2018 Toyota C-HR XLE (Los Angeles) $189 36 $1,999 Southern California Check Local Offers
$245 2018 Toyota Camry SE (NYC) $189 36 $1,999 New York Check Local Offers
$245 2018 Toyota Corolla SE $189 36 $1,999 Southern California Check Local Offers
$250 2018 Mazda CX-3 Sport FWD $189 33 $1,999 Los Angeles Check Local Offers
$250 2018 Mazda Mazda3 Sport Hatchback w/Automatic $189 33 $1,999 Los Angeles Check Local Offers
$251 2018 Ford C-Max Hybrid SE 200A $189 36 $2,239 California Check Local Offers
$251 2017 Honda Civic 1.5T EX Sedan $179 36 $2,599 National Check Local Offers
$251 2018 Honda Fit Sport $179 36 $2,599 National Check Local Offers
$253 2017 Honda Civic 1.5T LX Hatchback $189 36 $2,299 National Check Local Offers
$254 2017 Honda Civic 1.5T EX Coupe $179 36 $2,699 National Check Local Offers
$254 2018 Subaru Crosstrek 2.0i Standard Manual (Los Angeles) $199 36 $1,979 Los Angeles Check Local Offers
$255 2018 Kia Optima LX 4-cyl Automatic $199 36 $1,999 California Check Local Offers
$255 2018 Kia Soul Base Automatic $199 36 $1,999 California Check Local Offers
$255 2017 Kia Soul EV EV+ $199 36 $1,999 California Check Local Offers
$255 2018 Toyota Corolla iM Base $199 36 $1,999 Southern California Check Local Offers
$256 2017 Honda Accord LX-S CVT Coupe $189 36 $2,399 National Check Local Offers
$257 2017 Chevrolet Trax [CA and Select Regions] 1LT FWD $179 39 $3,029 Select Regions Check Local Offers
$257 2018 Subaru Legacy 2.5i Standard (Los Angeles) $185 36 $2,595 Los Angeles Check Local Offers
$260 2017 Mazda CX-5 Sport FWD Automatic $199 33 $1,999 Los Angeles Check Local Offers
$260 2017 Mazda Mazda6 2017.5 Sport w/Automatic $199 33 $1,999 Los Angeles Check Local Offers
$260 2018 Hyundai Elantra GT Base Automatic $199 36 $2,199 California Check Local Offers
$261 2018 Honda Fit EX $189 36 $2,599 National Check Local Offers
$262 2018 Ford Focus SEL Sedan Auto $199 36 $2,279 California Check Local Offers
$263 2017 Honda Civic Si Sedan $199 36 $2,299 National Check Local Offers
$263 2017 Honda Civic Si Coupe $199 36 $2,299 National Check Local Offers
$263 2018 Honda Civic 2.0 LX Sedan $199 36 $2,299 National Check Local Offers
$263 2018 Honda Civic 2.0 LX Coupe $199 36 $2,299 National Check Local Offers
$264 2017 Volkswagen Golf 1.8T S 4dr Automatic $199 36 $2,349 California Check Local Offers
$266 2017 Honda Accord Sport Sedan $199 36 $2,399 National Check Local Offers
$266 2017 Kia Sportage LX FWD 2.4L I-4 AT $199 36 $2,399 California Check Local Offers
$268 2017 Acura ILX Base 8-Spd DCT $199 36 $2,499 National Check Local Offers
$268 2017 Hyundai Tucson SE FWD $199 36 $2,499 California Check Local Offers
$269 2017 Chevrolet Cruze [CA and Select Regions] LT Hatchback $149 24 $2,889 Select Regions Check Local Offers
$271 2018 Subaru Legacy 2.5i Standard (National) $199 36 $2,609 National Check Local Offers
$273 2017 Chevrolet Cruze [CA and Select Regions] LT Sedan $169 24 $2,499 Select Regions Check Local Offers
$273 2017 Chevrolet Malibu [CA and Select Regions] LT Sedan $199 39 $2,899 Select Regions Check Local Offers
$274 2018 Honda HR-V LX 2WD $199 36 $2,699 National Check Local Offers
$274 2017 Nissan Rogue S FWD $199 36 $2,709 Los Angeles Check Local Offers
$276 2017 Chevrolet Trax [National] 1LT FWD $189 39 $3,409 National Check Local Offers
$277 2018 Kia Sorento L 2.4L 4-cyl FWD AT $199 36 $2,799 California Check Local Offers
$277 2018 Kia Sportage LX FWD 2.4L I-4 AT $199 36 $2,799 California Check Local Offers
$279 2018 Chevrolet Trax [CA and Select Regions] 1LT FWD $179 39 $3,919 Select Regions Check Local Offers
$280 2017 Honda Civic 1.5T EX-L Sedan $199 36 $2,899 National Check Local Offers
$280 2017 Honda Civic 1.5T EX-L Coupe $199 36 $2,899 National Check Local Offers
$282 2018 MINI Hardtop Cooper Signature 2dr $199 36 $2,999 California Check Local Offers
$283 2018 Mitsubishi Mirage DE CVT $189 36 $3,388 National Check Local Offers
$284 2017 Nissan Rogue Sport S AWD $159 36 $4,499 Los Angeles Check Local Offers
$284 2017 Buick Encore Base FWD 1SB $199 39 $3,318 National Check Local Offers
$291 2018 Honda HR-V LX AWD $199 36 $3,299 National Check Local Offers
$293 2018 Mitsubishi Mirage G4 ES CVT $199 36 $3,398 National Check Local Offers
$299 2018 Buick Encore Base FWD 1SB $199 39 $3,900 National Check Local Offers
$299 2018 Chevrolet Trax [National] 1LT FWD $199 39 $3,919 National Check Local Offers
$302 2017 Chevrolet Cruze [National] LT Hatchback $189 24 $2,719 National Check Local Offers
$305 2017 Chevrolet Cruze [National] LT Sedan $189 24 $2,789 National Check Local Offers
$319 2018 Chevrolet Cruze [CA and Select Regions] LT Sedan $199 24 $2,879 Select Regions Check Local Offers

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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