Every New Car Lease Deal Under $199 In October 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 - October 6, 2020

We found 42 leases in October with a monthly payment of $199 or less. In this price range, choices range from the $16,000 Mitsubishi Mirage ES to the over-$38,000 Chevrolet Bolt EV.

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. Be sure to also check out our top picks for the best lease deals.

Best Car Leases Under $199

Chevrolet Bolt EV
  • Payment: $145 for 36 months
  • Amount Due at Signing: $145
  • Annual Mileage: 12,000 miles
  • Effective Monthly Cost: $149
  • MSRP: $38,245

What's Hot: The Chevrolet Bolt EV carries on with one of the best lease deals we've seen to date on this vehicle. although still the most expensive option listed, additional bonuses continue to make it affordable. With an effective monthly cost of $149 ($9 less than last month), the Bolt EV comes in lower than the Hyundai Elantra SE ($198) and Chevrolet Trax ($214), despite both being over $14,000 cheaper. It also undercuts its direct competitor, the Nissan LEAF ($205).

Worth Knowing: Note that this is a regional offer for those residing in San Francisco. Additionally, savings include a Costco and GM/Non-GM Lessee lease bonus. If you do not meet all of these requirements, expect prices to be higher. Get Your Custom Quote »

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Best SUV Leases Under $199

Chevrolet Equinox
  • Payment: $189 for 39 months
  • Amount Due at Signing: $2,079
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $242
  • MSRP: $28,695

What's Hot: The Chevrolet Equinox is one of the more expensive vehicles on the list this month but presents an affordable option. The. It no longer features a sign & Drive offer but still comes in with an effective monthly cost of just $242. At that price, the Equinox is cheaper than competitors like the Hyundai Tucson SE ($254), Kia Sportage LX ($281), and Volkswagen Tiguan S ($284). It's even a better deal than some smaller and cheaper options like the Hyundai Kona SEL ($263), Kia Seltos S FWD ($264), and Kia Soul S ($274).

Worth Knowing: This offer is regional and based off of a California location. Prices may be higher 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
$149 2020 Chevrolet Bolt EV LT (San Francisco, Incl.Costco & GM/Non-GM Lease Bonus) $145 36 $145 San Francisco Customize Offer
$189 2020 Chevrolet Bolt EV LT (National, Incl.Costco & GM/Non-GM Lease Bonus) $184 36 $184 San Francisco Customize Offer
$198 2020 Hyundai Elantra SE Automatic $129 36 $2,499 Los Angeles Customize Offer
$205 2020 Nissan LEAF S 40 kWh $199 36 $199 Los Angeles Customize Offer
$214 2020 Chevrolet Trax LT (Current GM/Non-GM Lessees) $189 39 $979 National Customize Offer
$221 2020 Buick Encore Preferred 1SB (GM/Non-GM Lessees) $199 36 $789 California Customize Offer
$226 2020 Hyundai Venue SE with Automatic $159 36 $2,399 Los Angeles Customize Offer
$228 2020 Kia Forte LXS $159 36 $2,499 CA & Select States Customize Offer
$233 2020 Volkswagen Jetta S 1.4T with Automatic $169 39 $2,499 California, Utah Customize Offer
$235 2020 Subaru Impreza 2.0i Sedan with CVT $175 36 $2,169 Los Angeles Customize Offer
$237 2020 Hyundai Sonata 2.4L SE $159 36 $2,799 Los Angeles Customize Offer
$238 2020 Kia Forte GT-Line $169 36 $2,499 CA & Select States Customize Offer
$238 2021 Kia Forte LXS $169 36 $2,499 CA & Select States Customize Offer
$242 2020 Chevrolet Equinox LT (Current GM/Non-GM Lessees) $189 39 $2,079 California Customize Offer
$243 2020 Hyundai Kona SEL $179 36 $2,299 Los Angeles Customize Offer
$248 2020 Nissan Sentra SV $149 36 $3,549 Los Angeles Customize Offer
$248 2021 Kia Forte GT-Line $179 36 $2,499 CA & Select States Customize Offer
$251 2020 Hyundai Veloster Base with Manual $179 36 $2,599 Los Angeles Customize Offer
$254 2020 Hyundai Tucson SE $179 36 $2,699 Los Angeles Customize Offer
$254 2021 Kia Soul LX with CVT $179 36 $2,699 CA & Select States Customize Offer
$255 2021 Toyota Corolla LE Sedan $199 36 $1,999 Southern California Customize Offer
$258 2021 Mazda Mazda3 Base Sedan with Automatic $189 36 $2,499 Los Angeles Customize Offer
$260 2020 Hyundai Ioniq Electric Base EV (California) $199 36 $2,199 California Customize Offer
$262 2020 Hyundai Elantra GT Base Automatic $179 36 $2,999 Los Angeles Customize Offer
$263 2021 Hyundai Kona SEL $199 36 $2,299 Los Angeles Customize Offer
$264 2021 Kia Seltos LX AWD $189 36 $2,699 CA & Select States Customize Offer
$264 2021 Kia Seltos S FWD $189 36 $2,699 CA & Select States Customize Offer
$267 2021 Hyundai Sonata 2.4L SE $189 36 $2,799 Los Angeles Customize Offer
$268 2020 Volkswagen Passat S 2.0T $199 39 $2,699 California, Utah Customize Offer
$268 2020 Mazda Mazda3 Base Sedan with Automatic $199 36 $2,499 Los Angeles Customize Offer
$268 2020 Mazda Mazda6 Sport with Automatic $199 36 $2,499 Los Angeles Customize Offer
$271 2021 Hyundai Veloster Base with Manual $199 36 $2,599 Los Angeles Customize Offer
$274 2021 Hyundai Tucson SE $199 36 $2,699 Los Angeles Customize Offer
$274 2021 Kia Soul S with CVT $199 36 $2,699 CA & Select States Customize Offer
$276 2020 Mitsubishi Mirage ES CVT $189 36 $3,138 National Customize Offer
$280 2020 Hyundai Santa Fe SE $199 36 $2,899 Los Angeles Customize Offer
$281 2020 Kia Sportage LX $189 36 $3,299 CA & Select States Customize Offer
$281 2021 Buick Encore Preferred 1SB (GM/Non-GM Lessees) $199 36 $2,969 California Customize Offer
$282 2020 Mazda CX-3 Sport $199 36 $2,999 Los Angeles Customize Offer
$284 2020 Volkswagen Tiguan S 2.0T $199 39 $3,299 California Customize Offer
$286 2020 Mitsubishi Mirage G4 ES CVT $199 36 $3,148 National Customize Offer
$291 2021 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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