Best $199 Lease Deals In October

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 - October 9, 2017

There's something irresistible about $199/month lease deals. But are they a good value? For most shoppers, it will be impossible to tell without finding the true effective cost of both the monthly payment and amount due at signing. With this method we’ve found some great deals, but also some duds.

For example, the Mitsubishi Mirage has a sticker price under $15,000 and seems like a good value at $169/month. However, since it requires $3,343 at signing, its effective cost is higher than a $26,000 Toyota RAV4 ($262 vs. $255).

We've found the effective cost of every $199-and-under lease to reveal the best bang-for-buck values in October. These are national offers unless noted otherwise. Be sure to also check out our monthly analysis of over 600 leases.

Updated 9:00 am, October 10

Best $199-And-Under Car Leases

Volkswagen Jetta
  • Payment: $129 for 36 months
  • Yearly Mileage: 10,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $185
  • MSRP: $19,815
  • Expiration: October 31, 2017
  • Your Price: Request lease quote

What's Hot: There's just no beating the Jetta as the best car lease under $199. Here in California, the effective cost of the Jetta 1.4T S with automatic is a mere $185. That's $40/month less than the cheapest Honda Civic ($225).

Recent college graduates may be eligible for an extra $500 off. 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.

What's Not: This is a regional deal in California. Offers elsewhere will be more expensive. In some places, the Toyota Corolla will be a good alternative with features like standard emergency braking, lane departure warning and more.

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: October 31, 2017
  • Your Price: Request lease quote

What's Hot: At just $139/month, the Kia Forte LX comes across as 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 whopping $40/month advantage over the 2018 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: Advanced safety features like emergency braking and adaptive cruise control are only available on more expensive styles as part of pricey option packages.

  • Payment: $189 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $245
  • MSRP: $24,130
  • Expiration: October 31, 2017
  • Your Price: Request lease quote

What's Hot: Now that the all-new 2018 Accord is on the way, it's the best time to take advantage of a great lease on the outgoing Accord LX. At just $189/month, the car is a remarkable value given its over $24,000 MSRP.

If you can believe it, the effective lease cost of the Accord is only $20/month more than a Civic LX ($225) despite a $3,715 difference in MSRP. If you're looking to get more for your money, consider the Accord.

What's Not: For the same effective lease cost, competitors like the Volkswagen Passat, Kia Optima and Mazda Mazda6 offer similar value.

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: October 31, 2017
  • Your Price: Request lease quote

What's Hot: At $199/month, the ILX is a surprisingly attractive choice following a large cut in lease price 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.

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

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Best $199-And-Under SUV Leases

Honda HR-V
  • Payment: $179 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $2,299
  • Effective Monthly Cost: $243
  • MSRP: $21,205
  • Expiration: October 31, 2017
  • Your Price: Request lease quote

What's Hot: The HR-V has the lowest effective lease cost out of any SUV. At $243/month, it has a $27 advantage over newcomers like the Nissan Rogue Sport ($270).

What's Not: Leases on subcompact SUVs aren't that great in general. Here in Los Angeles, for only about $12/month more you could upgrade to the popular Mazda CX-5 ($255), a far superior vehicle when it comes to comfort and safety.

Toyota RAV4
  • Payment: $199 for 36 months
  • Yearly Mileage: 12,000 miles
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $255
  • MSRP: $26,074
  • Expiration: October 31, 2017
  • Your Price: Request lease quote

What's Hot: You won't find an SUV that offers more standard tech than the RAV4 for $199/month. Like most Toyotas, the RAV4 LE comes with adaptive cruise control, lane departure warning and automatic emergency braking.

You could opt for the 2018 RAV4, but get ready for a shocker. It starts at $279/month with the same amount due at signing. That's $80 (per month!) more than the outgoing version despite no real difference in features.

What's Not: This is a regional offer available in Los Angeles. Deals in other parts of the country are attractive too but may vary quite a bit.

Mazda CX-5
  • Payment: $199 for 36 months
  • Yearly Mileage: 12,000
  • Amount Due at Signing: $1,999
  • Effective Monthly Cost: $255
  • MSRP: $24,985
  • Expiration: October 31, 2017
  • Your Price: Request lease quote

What's Hot: Last month's price cut gives the redesigned CX-5 the exact same effective lease cost as the RAV4. If you can believe it, the CX-5 Sport is now just $10/month more to lease than a CX-3 despite a $4,125 difference in MSRP.

What's Not: This is a regional deal available in places like California, Florida and New York.

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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. Based on our analysis, the closest match is the 2017 Ford F-150 at just $219 for 24 months with $4,569 due at signing and a 10,500 mile per year driving allowance.

However, in order to get to that price, you’ll have to choose an XL 4x2 SuperCrew with STX Package and 2.7-liter EcoBoost engine. Lease discounts favor this configuration and opting for another will result in a much different offer. With an effective cost of $409, we think it’s worth asking about.

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
$206 2017 Honda Fit LX Automatic $139 36 12k $2,399 Get Details
$210 2017 Nissan Sentra SV w/CVT $149 36 12k $2,199 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
$217 2017 Subaru Impreza 2.0i Standard Sedan Manual (Los Angeles) $165 36 12k $1,885 Get Details
$218 2017 Ford Focus Electric Base $169 36 10.5k $1,769 Get Details
$220 2017 Ford C-Max Hybrid SE 200A $159 36 10.5k $2,189 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 Mazda Mazda3 Sport Sedan w/Automatic $169 36 12k $1,999 Get Details
$225 2018 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 (Los Angeles) $175 36 12k $1,885 Get Details
$232 2017 Subaru Impreza 2.0i Standard Sedan Manual (National) $179 36 12k $1,899 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
$242 2018 Subaru Impreza 2.0i Standard Sedan Manual (National) $189 36 12k $1,899 Get Details
$242 2017 Ford Fiesta SE Hatchback Auto SYNC & Sound $199 36 10.5k $1,549 Get Details
$243 2017 Honda HR-V LX 2WD $179 36 12k $2,299 Get Details
$243 2017 Ford Focus SEL Sedan Auto SYNC & Sound $189 36 10.5k $1,939 Get Details
$244 2017 Subaru Crosstrek 2.0i Standard Manual (Los Angeles) $189 36 12k $1,979 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 2018 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 2018 Mazda Mazda3 Sport Hatchback w/Automatic $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 (Los Angeles) $175 36 12k $2,585 Get Details
$250 2017 Honda Fit EX-L Automatic $169 36 12k $2,899 Get Details
$250 2018 Chevrolet Equinox [CA and Select Regions] LT 2WD Conquest $199 24 10k $1,219 Get Details
$251 2017 Honda Civic 1.5T EX Sedan $179 36 12k $2,599 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 Manual (Los Angeles) $199 36 12k $1,979 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 2017 Mazda CX-5 Sport FWD Automatic $199 36 12k $1,999 Get Details
$255 2017 Mazda Mazda6 Sport w/Automatic $199 36 12k $1,999 Get Details
$255 2018 Toyota Corolla SE $199 36 12k $1,999 Get Details
$255 2017 Toyota RAV4 LE FWD $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 (Los Angeles) $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
$261 2017 Subaru Legacy 2.5i Standard (National) $189 36 12k $2,599 Get Details
$262 2017 Mitsubishi Mirage DE CVT $169 36 12k $3,343 Get Details
$264 2017 Volkswagen Golf 1.8T S 4dr Automatic $199 36 12k $2,349 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
$268 2017 Hyundai Tucson SE FWD $199 36 12k $2,499 Get Details
$270 2017 Nissan Rogue Sport S FWD $159 36 12k $3,999 Get Details
$271 2018 Subaru Legacy 2.5i Standard (National) $199 36 12k $2,609 Get Details
$274 2017 Nissan Rogue S FWD $199 36 12k $2,709 Get Details
$275 2017 Chevrolet Trax [CA and Select Regions] 1LT FWD $169 39 10k $4,129 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
$286 2017 Nissan Altima 2.5 S $189 36 12k $3,499 Get Details
$295 2017 Chevrolet Trax [National] 1LT FWD $189 39 10k $4,139 Get Details
$312 2018 Chevrolet Equinox [CA and Select Regions] LT 2WD $199 24 10k $2,719 Get Details
$313 2017 Buick Encore Base FWD 1SB $199 39 10k $4,439 Get Details
$331 2017 Chevrolet Cruze LT Hatchback $179 24 10k $3,649 Get Details
$335 2017 Chevrolet Cruze LT Sedan $189 24 10k $3,499 Get Details
$337 2018 Buick Encore Base FWD 1SB $199 39 10k $5,364 Get Details
$344 2018 Chevrolet Equinox [National] LT 2WD $199 24 10k $3,469 Get Details
$349 2017 GMC Terrain SLE-1 2WD $199 36 10k $5,408 Get Details
$351 2018 Chevrolet Cruze LT Sedan $199 24 10k $3,639 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