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Best Lease Deals Under $200 Per Month [October 2021 Edition]

best lease deals under 200 per month

best lease deals under 200 per monthIf you're looking for a low monthly payment you've come to the right place.  Manufacturers are currently offering lots of affordable lease deals for every budget.

Although the average monthly payment of new vehicles is rising, there are still plenty of lease deals with monthly payments that fall under $200 per month. There are good-value lease deals on sedans, SUVs, and trucks that are available until the end of the month.

Below we share our picks for the best lease offers with payment under $200 per month.

Want to see all current lease deals? We review deals from every brand and share our favorite overall lease deals across all vehicle types every month.

Best Lease Deals Under $200 Per Month

Monthly payments for a lease tend to be lower than the monthly costs associated with purchasing a vehicle. There are plenty of lease deals from top manufacturers each month that have monthly payments under $200.

2021 Hyundai Elantra#1 Deal: 2021 Hyundai Elantra

Lease Deal: $159/month for 36 months, $2,899 due at signing

Check Hyundai Elantra Prices


 

Jeep Renegade#2 Deal: 2021 Jeep Renegade

Lease Deal: $149/month for 42 months, $3,999 due at signing

Check Jeep Renegade Prices


 

2021 Toyota Corolla#3 Deal: 2022 Toyota Corolla

Lease Deal: $199/month for 36 months, $2,999 due at signing

Check Toyota Corolla Prices


 

2020 Nissan Leaf#4 Deal: 2022 Nissan Leaf

Lease Deal: $119/month for 36 months, $4,969 due at signing

Check Nissan Leaf Prices


 

2021 Kia Forte#5 Deal: 2021 Kia Forte

Lease Deal: $159/month for 36 months, $2,799 due at signing

Check Kia Forte Prices


 

YearMakeModelLease OffersExpiration
2021HyundaiElantra$159/month for 36 months, $2,899 due at signing11/1/2021
2021JeepRenegade$149/month for 42 months, $3,999 due at signing11/1/2021
2022ToyotaCorolla$199/month for 36 months, $2,999 due at signing11/1/2021
2022NissanLeaf$119/month for 36 months, $4,969 due at signing11/1/2021
2021KiaForte$159/month for 36 months, $2,799 due at signing11/1/2021

A $199 lease deal may cost more than you expect

Deals nearing the $199 per month mark may actually cross into the 200’s when you factor in sales tax and other fees. Vehicle sales tax is rarely included in deals promoted by the manufacturers and it varies from state to state.

And as you can see from our picks above, you are likely to be required to make a down payment to get that low monthly payment as well. So just be sure to read the fine print and ask the dealer for the full amount of your monthly payments to get the whole picture.

Can you lease a car for under $100 a month?

Yes, it’s possible to lease a car for under 100 bucks per month. However, in most cases you’ll have to make a larger down payment which kinda eliminates the point. Manufacturers rarely offer $99 lease payment deals, but occasionally dealers will offer their own promotions, albeit typically on short-term, 24-month leases.

Frequently Asked Questions

What type of car can you lease for 200 a month?

You can lease a variety of sedans like a Honda Civic, Nissan Sentra, Subaru Impreza, and the Toyota Corolla.

What cars can I lease for $100 a month?

You will have a hard time finding a lease for $100 a month unless you were to make a huge down payment on an cheap car which defeats the purpose.

How much does $1,000 lower a lease payment?

It’s not exact, but every $1,000 equals about $30 a month in payment.