Best Lease Deals Under $200 Per Month [October Edition]
If you're looking for a cheap lease deal 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.
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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 cheap lease deals from top manufacturers each month that have monthly payments under $200.
#1 Deal: 2020 Hyundai Venue
Lease Deal: $119/month for 36 months, $3,832 due at signing
#2 Deal: 2020 Ford Fusion
Lease Deal: $169/month for 24 months, $2,929 due at signing
#3 Deal: 2021 Kia Soul
Lease Deal: $179/month for 36 months, $2,699 due at signing
#4 Deal: 2021 Toyota Corolla
Lease Deal: $179/month for 36 months, $2,999 due at signing
#5 Deal: 2020 Jeep Cherokee
Lease Deal: $179/month for 36 months, $3,899 due at signing
|2020||Hyundai||Venue||$119/month for 36 months, $3,832 due at signing||11/2/2020|
|2020||Ford||Fusion||$169/month for 24 months, $2,929 due at signing||11/3/2020|
|2021||Kia||Soul||$179/month for 36 months, $2,699 due at signing||11/2/2020|
|2021||Toyota||Corolla||$179/month for 36 months, $2,999 due at signing||11/2/2020|
|2020||Jeep||Cherokee||$179/month for 36 months, $3,899 due at signing||11/2/2020|
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.
Are there any car leases with no money down?
Yes, manufacturers are offering a variety of zero down lease deals right now. And sometimes you can negotiate zero down for other models if you have good credit. See our picks for the best zero down lease deals.
Does leasing a car build credit?
Yes, leasing a car builds credits in the same way that buying a car does. You just need to show a history of paying in full and on time.
What credit score do I need to lease a car?
With some exceptions, the typical minimum credit score to lease a car is 620. However, unless your credit score is over 680, you will not qualify for the best lease deals.
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.
Can you negotiate a lease?
Yes, you can definitely negotiate a lease. First negotiate the price of the car as if you were buying and ask to use that as your capitalized cost. Learn more about how to negotiate a lease.
How much does $1,000 lower a lease payment?
It’s not exact, but every $1,000 equals about $30 a month in payment.