New Car Leases Under $200: December 2024

The 2024 Kia Niro in Wind EV trim can be leased for under $200 a month in most parts of the country. In California, this trim can have an effective cost as low as $336 a month. Interestingly, better incentives can make the nearly $41,000 electric car cheaper to lease than the lower-priced Niro Hybrid.

If you're looking to get the latest EV the 2025 Kia Niro Wind is just $20 more a month than the 2024 model. This EV leases for $189 a month for 24 months with the same $3,999 due at signing for an effective monthly cost of $356.

In most parts of the country, the 2024 Kia EV6 EV can be leased for under $200 a month. In California, the Light Long Range RWD trim can have an effective cost as low as $346 a month. Interestingly, This is just $10 more a month than the nearly $10,000 cheaper Kia Niro Wind.

This subcompact EV hatchback is now leasing for under $200 a month in California, and if you're eyeing a 2024 model, now is the time before they disappear. With an effective monthly cost of just $250 a month, this is a stellar deal compared to its price. This deal is for the 500e INSPI(RED) edition with package 21A, see dealer for details.

In California, the Hyundai IONIQ 5 SEL with RWD is currently leasing with an effective monthly cost of just $366 after factoring in the amount due at signing. This is a great time to get into an all-electric Hyundai before the 2024 model is gone. This is an amazing deal on a nearly $50,000 SUV. IONIQ 5 models in SE trim with RWD are even cheaper. Standard range IONIQ 5 models are currently leasing for $159 a month, while long-range trims ask $179 a month. All other terms are the same.

The Dodge Hornet PHEV is now leasing for a low $99 a month price nationally. This compact crossover presents an excellent deal with an effective monthly cost of just $241 a month. This electric vehicle has the lowest monthly price that we've seen on this list in a long time.

The 2024 Nissan ARIYA leads the way with a stellar lease deal in Colorado. In Denver, the 63 kWh ENGAGE FWD model has a lease starting at just $99 a month. We consider this a great deal with an effective cost of $245 a month. The catch is that the offer includes a state tax credit and a $1,000 loyalty discount.

In New York, the Nissan ARIYA is listed at $169 for 24 months with $6,219 at signing. Here, we think the amount at signing could be seriously off-putting. At that price, the EV's effective cost comes out to $428 a month. Both of these offers are based on 10,000 miles a year but can be customized with your local dealer.

The 2025 Nissan LEAF is one of the cheapest EVs you can lease. In Colorado, a state tax credit brings its effective cost down to just $199 a month. The odds are you'll have a tough time finding a more affordable car to lease. Nissan's advertised lease is based on 10,000 miles a year. Expect prices elsewhere to be considerably higher.