Every New Car Lease Deal Under $199: October 2021

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - October 7, 2021

We found the best lease deals with a payment of $199 or less. Out of 36 leases in this price range, your options in October 2021 include anything from a $17,000 Mitsubishi Mirage to a nearly $34,000 Hyundai Ioniq Electric.

While low monthly payments may sound like a good deal, shoppers should be sure to look at the amount due at signing. That's why we've listed the effective cost of every lease under $199 a month further down this page.

Best Car Leases Under $199 A Month

  • Payment: $119 for 36 months
  • Amount Due at Signing: $4,969
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $257
  • MSRP: $28,350

What's Hot: The Nissan LEAF may look unchanged for 2022, but a price cut and stellar incentives result in a $119/month lease deal in New York. While that doesn't come close to last month's ultra-cheap $89 lease incentive, it's a killer deal for an EV.

Worth Knowing: Nissan incentives vary by region, and the pricing in question doesn't include applicable state & local plug-in rebates. Given that there's an inventory shortage, be sure to check with local dealers to find prices near you. Get Your Custom LEAF Quote »

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Best SUV Leases Under $199 A Month

  • Payment: $169 for 39 months
  • Amount Due at Signing: $2,129
  • Annual Mileage: 10,000 miles
  • Effective Monthly Cost: $224
  • MSRP: $25,015

What's Hot: The 2021 Chevy Trax is a bargain when you take advantage of a $1,500 discount for coming from another lease. With an effective cost of $224/month, this is now one of the cheapest vehicles you can lease in America if you qualify for the bonus.

Worth Knowing: If you aren't eligible for the extra discount, expect to make up for it with a higher amount at signing. If that's the case, you may find alternatives like the Hyundai Venue to be a better overall value when leasing. Get Your Custom Trax 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 did the math and reduced every lease deal to an effective monthly cost, and ranked them from cheapest to most expensive.

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$224 2021 Chevrolet Trax LT AWD (Current GM/Non-GM Lessees) $169 39 $2,129 National Customize Offer
$226 2021 Hyundai Venue SE with Automatic $159 36 $2,399 Southern California Customize Offer
$229 2021 Hyundai Ioniq Electric Base EV $179 36 $1,799 Southern California Customize Offer
$235 2021 Hyundai Accent SE with Automatic $179 36 $1,999 Southern California Customize Offer
$237 2021 Kia Forte LXS $159 36 $2,799 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$240 2021 Hyundai Elantra SE with Automatic $159 36 $2,899 Southern California Customize Offer
$244 2022 Chevrolet Trax LT AWD (Current GM/Non-GM Lessees) $189 39 $2,139 National Customize Offer
$247 2021 Kia Forte GT-Line $169 36 $2,799 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$250 2022 Hyundai Elantra SE $169 36 $2,899 Southern California Customize Offer
$250 2021 Hyundai Sonata 2.4L SE $169 36 $2,899 Southern California Customize Offer
$252 2021 Honda Civic 2.0 LX Sedan $169 36 $2,999 AZ, CA, CT, CO, FL, IA, IL, IN, MA, NJ, NM, NY, OH, PA, WI & More Customize Offer
$257 2022 Nissan LEAF S 40 kWh (New York) $119 36 $4,969 New York City Customize Offer
$260 2021 Hyundai Elantra Hybrid SE Hybrid with Automatic $179 36 $2,899 Southern California Customize Offer
$263 2022 Buick Encore Preferred 1SB (GM/Non-GM Lessees) $185 39 $3,045 National Customize Offer
$263 2021 Chevrolet Trailblazer LT FWD (Current GM/Non-GM Lessees) $199 39 $2,499 National Customize Offer
$263 2021 Buick Encore Preferred 1SB (GM/Non-GM Lessees) $186 39 $3,016 National Customize Offer
$265 2022 Chevrolet Trailblazer LT FWD (Current GM/Non-GM Lessees) $199 39 $2,559 National Customize Offer
$267 2022 Kia Soul LX with CVT $189 36 $2,799 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$268 2021 Honda Civic 1.5T LX Hatchback $179 36 $3,199 AZ, CA, CT, CO, FL, IA, IL, IN, MA, NJ, NM, NY, OH, PA, WI & More Customize Offer
$270 2022 Hyundai Elantra Blue Hybrid $189 36 $2,899 Southern California Customize Offer
$270 2021 Hyundai Sonata Hybrid Base Hybrid Sedan $189 36 $2,899 Southern California Customize Offer
$270 2022 Hyundai Sonata SE $189 36 $2,899 Southern California Customize Offer
$271 2021 Nissan Sentra SV $179 36 $3,329 Los Angeles, CA Customize Offer
$273 2021 Mitsubishi Mirage ES CVT $179 36 $3,378 National Customize Offer
$276 2021 Volkswagen Jetta S 1.4T with Automatic $199 39 $2,999 California Customize Offer
$280 2022 Honda HR-V LX $199 36 $2,899 National Customize Offer
$282 2022 Kia Niro LX Hybrid $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 2022 Kia Seltos LX AWD $199 36 $2,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$285 2022 Kia Seltos S FWD $199 36 $3,099 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$286 2022 Kia Sportage LX $189 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$291 2022 Honda Civic LX Sedan $199 36 $3,299 National Customize Offer
$293 2022 Honda HR-V LX AWD $199 36 $3,399 National Customize Offer
$296 2022 Kia Sportage LX AWD $199 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$299 2022 Hyundai Kona SE $199 36 $3,599 Southern California Customize Offer
$332 2022 Chevrolet Equinox LT (Current GM/Non-GM Lessees) $199 24 $3,189 National Customize Offer
$332 2021 Chevrolet Equinox LT (Current GM/Non-GM Lessees) $199 24 $3,199 National Customize Offer

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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