New Car Leases Under $200: December 2023

By

Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


, Automotive Content Editor - December 6, 2023

Finding an affordable lease deal can be difficult. To make the process easier for shoppers on a budget, we tracked down every vehicle in December that can be leased for $200 or less a month. This month, four vehicles fit that description, most of them 2024 model years. Unfortunately, the mainstay Hyundai Venue saw its lease payment go up to $209 back in October, and it's still up this month.

For most, having a monthly payment that low sounds too good to be true, but it's important to factor in the amount due at signing, which will bring up the effective monthly cost of the lease once it is divvied up throughout the lease term. This month, the leases we found have payments starting at $179.

Considering the industry supply shortages, consumers are often paying more for less nowadays. Because of this, we recommend shopping around for the best deal, as different dealers may have different prices.

New SUV Leases Under $200

Buick Envista Lease Deal

2024 Buick Envista
  • Monthly Payment: $179 for 24 months
  • Due at Signing: $3,819
  • Effective Monthly Cost: $338
  • MSRP: $23,495

The first car on our list is the all-new 2024 Buick Envista. If you lease this luxury SUV in the Preferred trim, you can get a 10,000-mile-per-year deal for only $179 per month, the lowest monthly cost here. Splitting up the $3,829 due at signing between each month of the 24-month term gets you an effective monthly cost of $338. Compared to its MSRP, that's not too bad for a brand-new luxury vehicle.

This deal can be claimed through January 5th and is available nationally. That being said, it's only for current Buick and GMC lessees. As always, we suggest contacting local dealers to get a quote. Get Your Custom Envista Lease Quote »

Buick Encore GX Lease Deal

2024 Buick Encore GX front three-quarter view
  • Monthly Payment: $199 for 24 months
  • Due at Signing: $3,969
  • Effective Monthly Cost: $364
  • MSRP: $28,895

The next vehicle making our Under $200 list is the 2024 Buick Encore GX. The Preferred 1SB trim of this luxury subcompact SUV comes with a 10,000-mile-per-year deal that is offered for only $199 per month. With $3,969 due at signing, that gives it an effective monthly cost of $364, which is a decent deal relative to its MSRP of $28,895.

This offer ends on January 5th and is available nationally, but only to current Buick and GMC lessees. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Encore GX Lease Quote »

GMC Terrain Lease Deal

2023 GMC Terrain
  • Monthly Payment: $199 for 24 months
  • Due at Signing: $4,699
  • Effective Monthly Cost: $395
  • MSRP: $31,695

Next up for December is the 2024 GMC Terrain, which falls just under the $200 limit with a $199 monthly payment on the SLE-1 AWD trim. This lease is based on a 10,000-mile-per-year offer and will last until January 5th. With an effective monthly cost of $395, respective to its MSRP, that makes the 2024 Terrain one of the best deals on this list.

This deal is available nationally, but the catch is that they are for current Buick and GMC leaseholders, so those looking to make the switch may not get the same deal. Be sure to check with your local dealer for offers. Get Your Custom Terrain Lease Quote »

Nissan ARIYA Lease Deal

2023 Nissan Ariya
  • Monthly Payment: $199 for 18 months
  • Due at Signing: $4,379
  • Effective Monthly Cost: $442
  • MSRP: $45,080

The last vehicle making our Under $200 list is the 2023 Nissan ARIYA. The ENGAGE trim with the 63 kWh motor and FWD of this electric crossover SUV comes with a 10,000-mile-per-year deal that is offered for only $199 per month. With $4,379 due at signing, that gives it an effective monthly cost of $442, which is a terrific deal relative to its MSRP of $45,080.

This offer ends on January 2nd and is advertised in the New York City region. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Nissan ARIYA Lease Quote »

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New Car Leases Under $200

2023 Hyundai Elantra

Unfortunately for those looking for a vehicle that is a bit smaller, no cars are being advertised for under $200 per month in December. However, that doesn't mean that there aren't deals that come close.

If you're willing to bump up your budget by only $20, the 2023 Hyundai Elantra is being offered at $219 per month. With an effective monthly cost of $316, that is a deal that could still appeal to consumers.

Going up a further $10 from there can get you the 2023 Kia Forte, which is being advertised at $229 per month with an effective monthly cost of $307 when you factor in the $2,799 due at signing. We recommend shopping around to see what deals on sedans you can find in your area.

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New Truck Leases Under $200

2023 GMC Canyon

Just like sedans, there are no truck leases under $200 this month. Instead, the closest deal available is the 2023 GMC Canyon, which is being offered to returning Buick or GMC lessees for a monthly payment of $279 for the Elevation 4x2 trim.

That falls well outside the purview of under $200, but it's the lowest monthly payment currently available for a truck. The effective monthly cost comes out to $569 because of the $10,439 due at signing. The higher price is to be expected though because the 2023 Canyon is a redesigned model.

This offer is also good until January 5th and is national, but be sure to shop around. For more truck deals, check out some of the other cheapest trucks to lease.

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, Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


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