New Car Leases Under $200: June 2024

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Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.

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, Automotive Content Editor - June 6, 2024

Finding an affordable lease deal can be difficult. To make the process easier for shoppers on a budget, we tracked down every vehicle in June that can be leased for $200 or less a month. This month, 12 vehicles fit that description, all of them 2024 model years except the Nissan Ariya. This is six more vehicles than last month, thanks to lower monthly lease payments from Nissan for the New York region.

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 $109.

New SUV Leases Under $200

2023 Nissan ARIYA Lease Deal

2023 Nissan Ariya
  • Monthly Payment: $149 for 18 months
  • Due at Signing: $3,959
  • Effective Monthly Cost: $369
  • MSRP: $45,105

The first car on our list is the 2023 Nissan ARIYA ENGAGE 63 kWh FWD model. If you lease this EV, you can get a 10,000-mile-per-year deal for only $149 per month. Splitting up the $3,959 due at signing between each month of the 18-month term gets you an effective monthly cost of $369.

This deal can be claimed through July 8 and is available in California. That being said, there may be similar deals where you live. For example, in New York, the 2023 ARIYA goes for $199 a month, with $4,429 due at signing. Here your effective monthly cost will be $438. As always, we suggest contacting local dealers to get a quote. Get Your Custom ARIYA Lease Quote »

Kia Niro Wind EV Lease Deal

2024 Kia Niro Wind EV
  • Monthly Payment: $169 for 24 months
  • Due at Signing: $3,999
  • Effective Monthly Cost: $336
  • MSRP: $40,925

Next up on our under-$200 list is the 2024 Kia Niro in Wind EV version. When you opt for this electric vehicle, you can get payments as low as $169 a month in some states. This subcompact SUV runs $169 with $3,999 due at signing, and it has an effective monthly cost of $336 which is a stellar deal relative to its MSRP of $40,925.

This offer ends on July 8 and is available in California, but similar deals exist in other parts of the country. In fact, in New York and the Southern US, the 2024 Niro Wind EV is running $199 a month for 36 months, with the same $3,999 due at signing. With an effective monthly cost of just $310, this is an even better deal. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Niro Lease Quote »

Buick Envista Lease Deal

2024 Buick Envista
  • Monthly Payment: $179 for 24 months
  • Due at Signing: $4,229
  • Effective Monthly Cost: $355
  • MSRP: $23,495

The second 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 $4,229 due at signing between each month of the 24-month term gets you an effective monthly cost of $355. This is a little too high for us to recommend, but compared to its MSRP, it's not too bad for a brand-new luxury vehicle.

This deal can be claimed through July 1 and is available nationally. That being said, it's only for current Buick and GMC lessees, your prices will be higher if you're not currently in a lease. As always, we suggest contacting local dealers to get a quote. Get Your Custom Envista Lease Quote »

Nissan ARIYA EV Lease Deal

2023 Nissan Ariya
  • Monthly Payment: $189 for 18 months
  • Due at Signing: $4,649
  • Effective Monthly Cost: $447
  • MSRP: $41,515

The 2024 Nissan ARIYA ENGAGE FWD model is the next vehicle on our list. If you lease this EV, you can get a 10,000-mile-per-year deal for only $189 per month. Splitting up the $4,649 due at signing between each month of the 18-month term gets you an effective monthly cost of $447. Though this is a lot more than the 2023 ARIYA, this is still a good deal for a new EV.

This deal can be claimed through July 8 and is available in New York. Similar deals may be available where you live. We suggest contacting local dealers to get a quote. Get Your Custom ARIYA Lease Quote »

2023 Toyota bZ4X
  • Monthly Payment: $189 for 36 months
  • Due at Signing: $2,999
  • Effective Monthly Cost: $272
  • MSRP: $45,964

The next vehicle on our under $200 list is the 2024 Toyota bZ4X. The Toyota EV is now leasing for $189 a month for 36 months for $2,999 due at signing for the XLE trim. This gives you an effective monthly cost of just $272 a month. This is one of the best deals around when you compare the monthly cost to the vehicle's MSRP of $45,965.

This offer ends on June 3 and is advertised in the Los Angeles area, however, similar deals may exist where you live. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom bZ4X Lease Quote »

Dodge Hornet Lease Deal

2024 Dodge Hornet
  • Monthly Payment: $199 for 24 months
  • Due at Signing: $3,509
  • Effective Monthly Cost: $345
  • MSRP: $42,995

The 2024 Dodge Hornet R/T EAWD PHEV is the next SUV on our list. If you lease this EV, you can get a 5,000-mile-per-year deal for only $199 per month. Splitting up the $3,509 due at signing between each month of the 18-month term gets you an effective monthly cost of $345. This is a stellar deal.

This deal can be claimed through July 1 and is available in California. This deal is for returning FCA lessees, who equip package 28E. As always, we suggest contacting local dealers to get a quote. Get Your Custom Hornet Lease Quote »

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New Car Leases Under $200

Nissan LEAF Lease Deal

2024 Nissan LEAF
  • Monthly Payment: $109 for 36 months
  • Due at Signing: $2,389
  • Effective Monthly Cost: $175
  • MSRP: $29,810

Next up on our Under $200 list is the 2024 Nissan LEAF S with the 40kWh battery. When you opt for this electric vehicle, you can get payments as low as $109 a month in Denver. This deal includes the EV tax credit when you lease. This EV runs $109 for 36 months with $2,389 due at signing, and it has an effective monthly cost of $175 which is an outstanding deal relative to its MSRP of $29,810.

This offer ends on July 8 and is available in Denver, but similar deals exist in other parts of the country. In New York, the LEAF is going for $179 a month for 36 months with $4,299 due at signing. This gives you an effective monthly cost of $369. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom LEAF Lease Quote »

Kia Forte Lease Deal

2024 kia forte
  • Monthly Payment: $189 for 36 months
  • Due at Signing: $3,499
  • Effective Monthly Cost: $286
  • MSRP: $21,415

The next vehicle on our Under $200 list is the 2024 Kia Forte. The base LXS trim of this sedan is being offered for only $189 per month. With $3,499 due at signing, it has an effective monthly cost of $286 which is an okay deal relative to its MSRP of $21,415.

This offer ends on July 8 and is available in the Los Angeles and New York areas, but similar deals exist in other regions. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Forte Lease Quote »

Nissan Sentra Lease Deal

2024 Nissan Sentra
  • Monthly Payment: $189 for 36 months
  • Due at Signing: $3,369
  • Effective Monthly Cost: $283
  • MSRP: $22,845

Making its first appearance in a while, the next vehicle on our Under $200 list is the 2024 Nissan Sentra. The base S FWD trim of this sedan comes with a 10,000-mile-per-year deal that is offered for only $189 per month. With $3,369 due at signing, it has an effective monthly cost of $283 which is a decent deal relative to its MSRP of $22,845.

This offer ends on July 8 and is available in the New York area, but similar deals exist in other regions. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Sentra Lease Quote »

Nissan Altima Lease Deal

2024 Nissan Altima
  • Monthly Payment: $189 for 36 months
  • Due at Signing: $4,179
  • Effective Monthly Cost: $305
  • MSRP: $28,920

Also enjoying a lower lease price in New York, the next vehicle on our Under $200 list is the 2024 Nissan Altima. The base SV FWD trim of this sedan is being offered for only $189 per month. With $4,179 due at signing, it has an effective monthly cost of $305 which is a good deal relative to its MSRP of $28,920.

This offer ends on July 8 and is available in the New York area, but similar deals exist in other regions. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Altima Lease Quote »

Hyundai Elantra Lease Deal

2024 hyundai elantra
  • Monthly Payment: $199 for 36 months
  • Due at Signing: $3,499
  • Effective Monthly Cost: $296
  • MSRP: $22,775

Next up on 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 a decent deal relative to its MSRP of $22,775.

This offer ends on July 1 and is available in the Los Angeles area, but similar deals exist in other regions. We suggest that consumers reach out and ask their local dealers for a quote. Get Your Custom Hyundai Elantra Lease Quote »

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New Truck Leases Under $200

2023 GMC Canyon

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 $626 because of the $8,339 due at signing.

This offer is also good until July 1 and is national, but be sure to shop around. For more truck deals, check out some of the other cheapest trucks to lease.

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, Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.

Follow On: LinkedIn

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