New Car Leases Under $200: January 2025
- Automotive Content Editor
- Jan 09, 2025
We found every car you can lease for under $200 a month. While only a handful of vehicles fall in this category, these are some solid ways to score a low monthly payment of $199 or less. We found some surprising ways to save for January when you lease a new car or SUV.
Shoppers should be aware that leases under $200 often have a large amount due at signing. We'll tell you the effective monthly cost of each of our picks to help you make an informed decision. This may enable you to make better comparisons and help you get the best deal possible.
Updated at 3:24 pm on January 9th
New SUV Leases Under $200
Volkswagen ID.4 Lease Deal
Electric
- Term: 24 Months
- Due at Signing: $999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $39,735
The 2024 Volkswagen ID.4 has one of the best leases we've seen to date. With an effective cost of only $191, it's the cheapest EV you can lease. We're seeing this price in California, but similar prices may be found elsewhere. The offer is based on 10,000 miles a year.
Kia Niro Wind EV Lease Deal
Electric
- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $40,925
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.
Kia EV6 Lease Deal
Electric
- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 10,000 mi/yr
- MSRP: $47,325
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.
FIAT 500e EV Lease Deal
Electric
- Term: 42 Months
- Due at Signing: $2,679
- Mileage Allowance: 5,000 mi/yr
- MSRP: $34,095
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 $263 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.
Hyundai IONIQ 5 EV Lease Deal
Electric
- Term: 24 Months
- Due at Signing: $3,999
- Mileage Allowance: 12,000 mi/yr
- MSRP: $48,795
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 2025 Model is also available to lease for just $199 a month with the same due at signing.
Dodge Hornet PHEV Lease Deal
Plug-In Hybrid
- Term: 24 Months
- Due at Signing: $3,309
- Mileage Allowance: 10,000 mi/yr
- MSRP: $44,590
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 $237 a month. This electric vehicle has the lowest monthly price that we've seen on this list in a long time.
Nissan ARIYA Lease Deal
Electric
- Term: 24 Months
- Due at Signing: $4,099
- Mileage Allowance: 10,000 mi/yr
- MSRP: $41,515
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.
New Car Leases Under $200
Nissan LEAF Lease Deal
Electric
- Term: 36 Months
- Due at Signing: $2,629
- Mileage Allowance: 10,000 mi/yr
- MSRP: $29,815
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 $149 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.
New Truck Leases Under $200
There are no truck leases under $200 this month. The closest model in price is the 2025 Toyota Tacoma at $259 for 39 months for the SR5 Double Cab with 4x2. The offer requires $3,999 at signing, giving it an effective cost of $362 per month before taxes and fees. This is a stellar deal on a $41,000 truck.
This regional deal in Los Angeles is available through February 3, though we're seeing promos in other parts of the country, too. For more truck deals, see the cheapest trucks to lease.
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