Every New Car Lease Deal Under $199 In February 2021

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 - February 8, 2021

We found 44 leases in February with a monthly payment of $199 or less. In this price range, choices range from the $17,000 Mitsubishi Mirage to the over-$40,000 Kia Niro EV.

Although cheap payments may sound good, 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

Hyundai Ioniq Electric
  • Payment: $169 for 36 months
  • Amount Due at Signing: $2,199
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $230
  • MSRP: $34,040

What's Hot: Like many other EVs this month, the 2020 Ioniq Electric presents a great lease deal despite having an over $34,000 price tag. With an effective monthly cost of $230, the Ioniq electric is more affordable than other electrified options like the Toyota Corolla Hybrid ($250), Hyundai Sonata Hybrid ($267), and Kia Niro Plug-In Hybrid ($282).

Worth Knowing: This offer is based on a California location. Expect to see higher prices in other parts of the country. Get Your Custom Quote »

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Best SUV Leases Under $199

Chevy Equinox
  • Payment: $199 for 36 months
  • Amount Due at Signing: $1,709
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $243
  • MSRP: $28,695

What's Hot: The Equinox is the cheapest compact SUV lease in February with an effective monthly cost of $243. In a competitive segment, the Equinox undercuts options like the Hyundai Tucson ($254), Kia Niro ($268), and Kia Sportage ($271). It can even be more affordable than smaller crossovers like the Hyundai Kona ($249) and Jeep Renegade ($298).

Worth Knowing: Note that this offer is available on a national basis for current GM/Non-GM lessees. 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
$201 2020 Chevrolet Trax LT FWD (Current GM/Non-GM Lessees) $189 39 $479 National Customize Offer
$208 2021 Chevrolet Trax LT AWD (Current GM/Non-GM Lessees) $189 39 $729 National Customize Offer
$222 2020 Nissan Sentra SV (Incl. $500 Bonus Cash) $169 36 $1,909 Los Angeles, CA Customize Offer
$225 2020 Honda Fit LX $169 36 $1,999 National Customize Offer
$226 2021 Hyundai Venue SE with Automatic $159 36 $2,399 Los Angeles, CA Customize Offer
$227 2021 Nissan LEAF S $199 36 $1,000 Los Angeles, CA Customize Offer
$228 2021 Mazda Mazda3 Base 2.0L Sedan with Automatic $159 36 $2,499 Los Angeles, CA Customize Offer
$228 2021 Kia Forte LXS $159 36 $2,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$229 2020 Hyundai Ioniq Hybrid Blue $179 36 $1,799 Los Angeles, CA Customize Offer
$230 2020 Hyundai Ioniq Electric Base EV (California) $169 36 $2,199 California Customize Offer
$234 2021 Subaru Impreza 2.0i Sedan with CVT $179 36 $1,979 Los Angeles, CA Customize Offer
$237 2021 Buick Encore Preferred 1SB (GM/Non-GM Lessees) $199 39 $1,469 National Customize Offer
$238 2021 Kia Forte GT-Line $169 36 $2,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$240 2020 Volkswagen Jetta S 1.4T with Automatic $189 39 $1,999 CA, UT Customize Offer
$243 2021 Chevrolet Equinox LT (Current GM/Non-GM Lessees) $199 39 $1,709 National Customize Offer
$245 2021 Toyota Corolla SE Hatchback $189 36 $1,999 Southern California Customize Offer
$245 2021 Toyota Corolla LE Sedan $189 36 $1,999 Southern California Customize Offer
$247 2021 Hyundai Sonata 2.4L SE $169 36 $2,799 Los Angeles, CA Customize Offer
$248 2021 Mazda Mazda3 Base 2.5S Hatchback with Automatic $179 36 $2,499 Los Angeles, CA Customize Offer
$249 2021 Hyundai Kona SEL $185 36 $2,299 Los Angeles, CA Customize Offer
$250 2021 Hyundai Elantra SE Automatic $169 36 $2,899 Los Angeles, CA Customize Offer
$254 2021 Hyundai Tucson SE $179 36 $2,699 Los Angeles, CA Customize Offer
$254 2020 Honda Civic 2.0 LX Sedan $179 36 $2,699 AZ, CA, CT, CO, FL, IA, IL, IN, MA, NJ, NM, NY, OH, PA, WI & More Customize Offer
$254 2021 Kia Soul LX with CVT $179 36 $2,699 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$255 2021 Toyota Corolla Hybrid LE $199 36 $1,999 Southern California Customize Offer
$256 2021 Nissan Sentra SV $189 36 $2,419 Los Angeles, CA Customize Offer
$264 2021 Kia Seltos LX AWD $189 36 $2,699 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$264 2021 Kia Seltos S FWD $189 36 $2,699 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$264 2020 Honda Civic 2.0 LX Coupe $189 36 $2,699 AZ, CA, CT, CO, FL, IA, IL, IN, MA, NJ, NM, NY, OH, PA, WI & More Customize Offer
$267 2021 Hyundai Sonata Hybrid Base $189 36 $2,799 Los Angeles, CA Customize Offer
$268 2020 Kia Niro LX $199 36 $2,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$270 2020 Hyundai Santa Fe SE $189 36 $2,899 Los Angeles, CA Customize Offer
$271 2021 Kia Sportage LX $179 36 $3,299 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$271 2021 Hyundai Veloster Base with Manual $199 36 $2,599 Los Angeles, CA Customize Offer
$272 2021 Mazda CX-30 Base $189 36 $2,999 Los Angeles, CA Customize Offer
$274 2021 Kia Soul S with CVT $199 36 $2,699 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$282 2020 Kia Niro Plug-In Hybrid LX $199 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$282 2020 Ford Ranger STX 4x2 SuperCrew (Select Stock, Current Lessees w/Trade-In) $199 36 $2,999 California Customize Offer
$282 2021 Kia K5 LXS FWD $199 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$286 2021 Mitsubishi Mirage ES CVT $199 36 $3,148 National Customize Offer
$291 2021 Kia Sportage LX AWD $199 36 $3,299 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$296 2020 Kia Niro EV EX $199 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$298 2020 Jeep Renegade Latitude 4x4 $192 36 $3,799 California Customize Offer
$299 2021 Hyundai Santa Fe SE $199 36 $3,599 Los Angeles, CA 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.

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