Best Lease Deals Under $200 Per Month [May 2023 Edition]

If 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.

* Buick and Chevy lease deals only apply to current lessees of a 2018 or newer GM or non-GM vehicle.

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.