Finding an affordable lease deal can be difficult. To make the process easier for shoppers on a budget, we tracked down every vehicle in March that can be leased for $200 or less a month. This month, seven vehicles fit that description, all of them 2024 model years. Unfortunately, the mainstay Hyundai Venue still has a lease payment of $229 this month. But the Hyundai Elantra and Kia Forte have now made the cut.
For most, having a monthly payment as low as under $200 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.
New SUV Leases Under $200
Buick Envista Lease Deal
- 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 $3,819 due at signing between each month of the 24-month term gets you an effective monthly cost of $338. This is a little high, but compared to its MSRP, that's not bad for a brand-new luxury vehicle.
This deal can be claimed through April 1 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 »
Mazda CX-30 Lease Deal
- Monthly Payment: $194 for 36 months
- Due at Signing: $3,999
- Effective Monthly Cost: $305
- MSRP: $27,875
The next vehicle making our under-$200 list is the 2024 Mazda CX-30. The 2.5 S Select Sport with AWD is now leasing for $194 a month. With $3,999 due at signing, it has an effective monthly cost of $305, which is a terrific deal relative to its MSRP of $27,875.
This offer ends on April 1 and is advertised in the Los Angeles region. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom CX-30 Lease Quote »
Dodge Hornet Lease Deal
- Monthly Payment: $199 for 24 months
- Due at Signing: $3,975
- Effective Monthly Cost: $365
- MSRP: $44,125
Next up on our under-$200 list is the 2024 Dodge Hornet. If you opt for the GT R/T eAWD PHEV with package 28B, you could get payments as low as $199 a month. This subcompact SUV comes with a 7,500-mile-per-year deal for just 24 months. With $3,975 due at signing, it has an effective monthly cost of $365 which is a stellar deal relative to its MSRP of $44,125.
This offer ends on April 1 and is available in California, but only to returning FCA lessees. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Hornet Lease Quote »
Buick Encore GX Lease Deal
- Monthly Payment: $199 for 24 months
- Due at Signing: $3,736
- Effective Monthly Cost: $355
- MSRP: $28,895
The next vehicle making our under-$200 list is the 2024 Buick Encore GX, and it's a slightly better value than last month. 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 $3,736 due at signing, it has an effective monthly cost of $355 which is a decent deal relative to its MSRP of $28,895.
This offer ends on April 1 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
- Monthly Payment: $199 for 24 months
- Due at Signing: $4,499
- Effective Monthly Cost: $386
- MSRP: $31,695
Next up for March 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 April 30. With an effective monthly cost of $386, 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 »
Hyundai Elantra Lease Deal
- Monthly Payment: $199 for 36 months
- Due at Signing: $3,499
- Effective Monthly Cost: $296
- MSRP: $22,775
The next vehicle making our Under $200 list is the 2024 Hyundai Elantra. The base SE trim of this sedan comes with a 10,000-mile-per-year deal that is offered for only $199 per month. With $3,499 due at signing, it has an effective monthly cost of $296 which is not too bad a deal relative to its MSRP of $22,775.
This offer ends on April 1 and is available in the Los Angeles area. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Hyundai Elantra Lease Quote »
Kia Forte Lease Deal
- Monthly Payment: $199 for 36 months
- Due at Signing: $3,499
- Effective Monthly Cost: $296
- MSRP: $21,415
The next vehicle making our Under $200 list is the 2024 Kia Forte. The LXS trim of this sedan comes with a 10,000-mile-per-year deal that is offered for only $199 per month. With $3,499 due at signing, it has an effective monthly cost of $296 which is not too bad a deal relative to its MSRP of $21,415.
This offer ends on April 1 and is available in California and select states. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Kia Forte Lease Quote »
New Car Leases Under $200
Fortunately for those looking for a vehicle that is a bit smaller, the Hyundai Elantra and the Kia Forte made the list of under $200 per month in March. However, there are no other sedan deals that come close to the $200 cap.
If you're willing to bump up your budget by only $20, the 2024 Jeep Compass is being offered at $219 per month in the Northeast. With an effective monthly cost of $389, this deal seems expensive, but it's an excellent deal compared to its $36,085 MSRP.
Going up a further $10 from there can get you the 2024 Hyundai Venue, which is being advertised at $229 per month with an effective monthly cost of $326 when you factor in the $3,499 due at signing. We recommend shopping around to see what deals you can find in your area.
New Truck Leases Under $200
There are no truck leases under $200 this month. Instead, the closest deal available is the 2024 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 $697 because of the $10,029 due at signing.
This offer is also good until April 1 and is national, but be sure to shop around. For more truck deals, check out some of the other cheapest trucks to lease.