Best SUV Lease Deals Under $200

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis 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 in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - October 18, 2019

Although it isn't easy to find SUV leases under $200, our analysis of over 180 SUV offers has revealed some great deals in October. In some cases, we consider these some of the best prices we've seen to date on small and subcompact SUVs, making them almost as cheap as a car.

While this article focuses on SUVs advertised with a payment under $200 per month, the truth is that every single model at that price requires some form of cash up front. That's why we'll also tell you the effective cost every offer factoring both the payment and amount at signing.

Offers can sometimes vary by region. These are national offers unless noted otherwise.

A price cut on October 14 has made all HR-Vs cheaper to lease. While the payment for the LX trim looks identical, the amount due at signing has fallen $300. As a result, the effective cost of this lease has fallen to $253/month, an $8 improvement.

Shoppers considering a Honda Fit may find the HR-V to be a better value. Even though the HR-V is $3,795 more expensive on paper, better discounts make it just $13/month more expensive to lease. This is one upgrade that could be well worth it.

The Tiguan is an SUV that can often lease for as little as the price of a small car. Here in California, you can lease the turbocharged S trim with an effective cost of just $276/month. That's $14 more than a Ford Fiesta SE ($262), making this one of the best leases on an SUV.

Expect to see aggressive prices prior to the arrival of the 2020 Tiguan. While the vehicle is largely carrying over unchanged, base trims gain automatic emergency braking as standard equipment and will be more expensive as a result.

Explore All Cheapest SUV Leases »

All SUV Leases Under $200 Per Month

Effective Cost Model Monthly Payment Term Due at Signing Region More Info
$247 2019 Jeep Compass Latitude 4x2 with 28J Package (Returning FCA Lessees) $159 42 $3,675 California Get Details
$253 2019 Honda HR-V LX $189 36 $2,299 National Get Details
$263 2019 Mazda CX-3 Sport $180 36 $2,999 Los Angeles Get Details
$272 2019 Honda HR-V LX AWD $189 36 $2,999 National Get Details
$276 2019 Volkswagen Tiguan S 2.0T $199 39 $2,999 California Get Details
$282 2020 Kia Sportage LX $199 36 $2,999 CA & Select States Get Details
$287 2019 Jeep Grand Cherokee Laredo E 4x2 with 2BE Package (Returning FCA Lessees) $179 36 $3,899 California Get Details
$301 2019 Chevrolet Trax LT (National) $199 39 $3,959 National Get Details
$313 2019 Buick Encore Preferred 1SB $199 39 $4,429 California Get Details
$313 2020 Chevrolet Trax LT (National) $199 39 $4,459 National Get Details
$340 2020 Buick Encore Preferred 1SB $199 39 $5,499 California Get Details

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis 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 in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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