Every New Car Lease Deal Under $199 In July 2020

By

Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - July 9, 2020

We found 26 leases in July with a monthly payment of $199 or less. In this price range, choices range from the $16,000 Mitsubishi Mirage ES to the over-$32,000 Nissan LEAF.

Cheap payments sound good but a lot of deals aren't great because of differences in the amounts due at signing. That's why we've listed the effective cost of every deal at the bottom of this page.

Offers available nationally unless noted otherwise. It's important to note that we've seen an increase in Sign & Drive deals which leads to higher monthly payment amounts as $0 is due at signing. Be sure to also check out our top picks for the best lease deals.

Best Car Leases Under $199

Mazda Mazda3
  • Payment: $179 for 36 months
  • Amount Due at Signing: $2,299
  • Annual Mileage: 12,000 miles
  • Effective Monthly Cost: $243
  • MSRP: $22,445

What's Hot: The Mazda Mazda3 is one of the most expensive compact sedans currently on the market. However, it can actually be more affordable to lease than some of its cheaper competition. With an effective monthly cost of $243, it undercuts rivals like the Nissan Sentra SV ($245), Toyota Corolla LE ($255), and Hyundai Elantra GT ($264).

Worth Knowing: This is a regional offer based on a Los Angeles location. It also includes a complimentary first payment of up to $500. Expect to see higher prices in other parts of the country. Get Your Custom Quote »

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Best SUV Leases Under $199

Buick Encore
  • Payment: $199 for 39 months
  • Amount Due at Signing: $1,259
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $231
  • MSRP: $25,595

What's Hot: Not only is the Buick Encore one of the most expensive vehicles on our list this month, it is also the only luxury option. Despite that, it can be cheaper to lease than many of its mainstream competitors, as well as some small car offerings. With an effective monthly cost of $231, the Encore is cheaper than the Volkswagen Jetta S ($240), Kia Seltos S FWD ($274), and Jeep Renegade Latitude 4x4 ($283).

Worth Knowing: This offer is only available for current GM/Non-GM Lessees residing in California. Expect to see higher prices in other parts of the country. Get Your Custom Quote »

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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 Customize Offer
$208 2020 Hyundai Elantra SE Automatic $139 36 $2,499 Los Angeles Customize Offer
$228 2020 Kia Forte LXS $159 36 $2,499 CA & Select States Customize Offer
$231 2020 Buick Encore Preferred (GM/Non-GM Lessees) $199 39 $1,259 California Customize Offer
$235 2020 Subaru Impreza 2.0i Sedan with CVT $175 36 $2,169 Los Angeles Customize Offer
$236 2020 Nissan LEAF S 40 kWh $114 24 $2,929 Los Angeles Customize Offer
$238 2020 Kia Forte GT-Line $169 36 $2,499 CA & Select States Customize Offer
$240 2020 Volkswagen Jetta S 1.4T with Automatic $189 39 $1,999 California, Utah Customize Offer
$243 2020 Mazda Mazda3 Base Sedan with Automatic $179 36 $2,299 Los Angeles Customize Offer
$245 2020 Nissan Sentra SV $149 36 $3,449 Los Angeles Customize Offer
$251 2020 Hyundai Veloster Base with Manual $179 36 $2,599 Los Angeles Customize Offer
$254 2020 Kia Soul LX with CVT $179 36 $2,699 CA & Select States Customize Offer
$255 2020 Toyota Corolla LE Sedan $199 36 $1,999 Southern California Customize Offer
$262 2020 Hyundai Elantra GT Base Automatic $179 36 $2,999 Los Angeles Customize Offer
$264 2020 Kia Soul S with CVT $189 36 $2,699 CA & Select States Customize Offer
$264 2021 Kia Soul LX with CVT $189 36 $2,699 CA & Select States Customize Offer
$271 2020 Hyundai Kona SEL $199 36 $2,599 Los Angeles Customize Offer
$272 2020 Kia Optima LX $189 36 $2,999 CA & Select States Customize Offer
$274 2021 Kia Seltos LX AWD $199 36 $2,699 CA & Select States Customize Offer
$274 2021 Kia Seltos S FWD $199 36 $2,699 CA & Select States Customize Offer
$276 2020 Volkswagen Passat S 2.0T $199 39 $2,999 California, Utah Customize Offer
$276 2020 Mitsubishi Mirage ES CVT $189 36 $3,138 National Customize Offer
$277 2020 Hyundai Sonata 2.4L SE $199 36 $2,799 Los Angeles Customize Offer
$277 2020 Mazda CX-3 Sport $199 36 $2,800 Los Angeles Customize Offer
$283 2020 Jeep Renegade Latitude 4x4 $193 42 $3,799 California Customize Offer
$286 2020 Mitsubishi Mirage G4 ES CVT $199 36 $3,148 National Customize Offer
$291 2020 Kia Sportage LX $199 36 $3,299 CA & Select States Customize Offer

, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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