Lease Deals Under $200 August 2026: Toyota Corolla $179
Part of our monthly best lease deals coverage. See all vehicle types ranked.
We tracked every manufacturer-advertised lease deal for August 2026 to find every vehicle available for under $200 and under $300 per month.
Just three vehicles advertise under $200 per month this month, down sharply from 7 in July. The Toyota Corolla leads at $179/month, the lowest advertised payment on this page. The Mazda CX-30 and Buick Encore GX tie at $199, though their at-signing amounts differ by over $200.
For under $300 per month, 52 deals qualify this month, holding steady versus July, though the lineup shifted. The Kia Niro EV and Mitsubishi Outlander PHEV lead, both tied at 0.96% LVR now that Kia is back in the rankings. Four Hyundai models, including the Ioniq 6 and Ioniq 5, dropped out of the under-$300 group this month, while the Chevrolet Colorado, Ford Maverick, and GMC Sierra 1500 are new additions.
Both tables are ranked by Lease Value Ratio: your true monthly cost (payment plus at-signing spread over the term) divided by the sticker price. Lower is better. A low monthly payment is not the same as a good deal.
We pulled every advertised manufacturer lease this August. 3 vehicles hit the $200 threshold, down from 7 in July. 52 qualify under $300.- Just 3 vehicles advertise under $200/month this August, down sharply from 7 in July. The Toyota Corolla leads at $179/month, the lowest payment we have tracked on this page this cycle
- The Mazda CX-30 and Buick Encore GX tie at exactly $199/month, but their due-at-signing amounts differ by over $200, so the true comparison cost is not close
- The under-$300 category is led by a tie at 0.96% LVR: the Kia Niro EV at $269/mo and the Mitsubishi Outlander PHEV at $299/mo, now that Kia deals are back in the data
- The qualifying under-$300 count holds steady at 52. Four Hyundai models dropped out, including the Ioniq 6 and Ioniq 5, while the Chevrolet Colorado, Ford Maverick, and GMC Sierra 1500 are new
Lease deals under $200 per month
Every manufacturer-advertised lease under $200/month in August 2026. Three qualify. Check the at-signing amounts carefully before reacting to any headline.
The Corolla holds the lowest advertised payment under $200 this month at $179, unchanged from July. A clean structure with no surprises: $3,999 at signing on a 36-month term, no unusual fees baked in.
The 1.27% LVR is average. Toyota is not throwing large incentives at the Corolla, the monthly is low because the vehicle itself is inexpensive.
Mazda‘s subcompact crossover has the best Lease Value Ratio of any sub-$200 deal this month at 1.18%, fair territory. It ties the Buick Encore GX at $199/month, but the two deals are not close once you account for what’s due at signing.
At $4,519 down, the CX-30 costs more upfront than in July, though it remains the stronger of the two $199 deals by a wide margin.
A headline deal with a catch, same as last month. $4,759 due at signing on a 24-month term adds well over $190/month in comparative terms when spread across the lease. That puts the 1.50% LVR in the weakest tier of this group.
Do not choose this deal because of the $199 monthly. The Corolla and CX-30 are both stronger overall deals.
A note on low headline payments: A $199/month deal with $4,759 at signing is not a $199 deal in any meaningful sense. The Mazda CX-30 and Buick Encore GX both tie at $199/month this month, but their at-signing amounts differ by over $200. Always calculate the true comparison cost: add the at-signing amount divided by the term to the monthly payment, then compare that number across vehicles. The CX-30 works out to about $325/month equivalent, the Encore GX to about $397/month.
Best under-$300 lease deals right now
Top picks from the 52 qualifying deals, selected for the best Lease Value Ratio at under $300/month.
Kia is back in the rankings this month, and the Niro EV takes #1, tied with the Outlander PHEV on LVR but with the lower monthly of the two at $269. It’s also the cheapest payment among every EV or PHEV under $300 this month.
A $39,700 electric wagon for $269/month is strong value. The federal EV credit flows through the lease automatically, no income qualification required.
Tied at 0.96% LVR with the lowest due-at-signing of any good-tier deal in this group at just $3,298. Mitsubishi‘s plug-in hybrid SUV continues to be one of the strongest values under $300, unchanged from last month.
The 39-month term is slightly longer than standard, which helps keep the monthly at $299 despite the modest upfront. A practical pick if you want an SUV body style rather than the Niro EV’s wagon shape.
Honda builds the Prologue on GM’s Ultium platform and continues backing it with competitive lease incentives, unchanged from last month. Note the higher at-signing of $5,099, which adds meaningfully to the true comparison cost.
The September 8 expiry gives you the longest runway of any deal in this top five.
Mazda‘s plug-in hybrid crossover holds its top-five spot with unchanged terms. The $239/month headline is the lowest monthly payment among the fair-tier deals here, but the $7,909 at signing is also the highest in this group by a wide margin, so run the adjusted monthly math before committing.
New to the top five, and the only truck to crack this list. The Sierra 1500 ties Mazda’s CX-90 PHEV at 1.09% LVR but with a meaningfully lower monthly payment and a shorter 24-month term. If you want a truck under $300, this is the pick.
All lease deals under $300 per month
Every manufacturer-advertised lease under $300/month in August 2026, ranked by Lease Value Ratio. Click any column to sort.
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Sourced from manufacturer websites August 6, 2026. Green dot = EV or plug-in hybrid. LVR = (monthly + at signing / term) / sticker x 100. Ranked by LVR ascending.
Frequently asked questions
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