Best Lease Deals Under $200 Per Month [August 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 Nissan Leaf
Lease Deal: $114/month for 24 months, $2,929 due at signing
#2 Deal: 2020 Volkswagen Jetta
Lease Deal: $139/month for 39 months, $3,499 due at signing
#3 Deal: 2020 Toyota Corolla
Lease Deal: $149/month for 36 months, $2,999 due at signing
#4 Deal: 2020 Kia Forte
Lease Deal: $159/month for 36 months, $2,499 due at signing
#5 Deal: 2020 Hyundai Elantra
Lease Deal: $119/month for 36 months, $3,175 due at signing
|2020||Nissan||Leaf||$114/month for 24 months, $2,929 due at signing||8/3/20|
|2020||Volkswagen||Jetta||$139/month for 39 months, $3,499 due at signing||7/31/20|
|2020||Toyota||Corolla||$149/month for 36 months, $2,999 due at signing||8/3/20|
|2020||Kia||Forte||$159/month for 36 months, $2,499 due at signing||8/3/20|
|2020||Hyundai||Elantra||$119/month for 36 months, $3,175 due at signing||8/3/20|
Frequently Asked Questions
You can lease a variety of sedans like a Honda Civic, Nissan Sentra, Subaru Impreza, and the Toyota Corolla. See our picks for the best lease deals under $200/month.
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.
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.
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.
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. See our picks for the best lease deals under $200/month.
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.
It’s not exact, but every $1,000 equals about $30 a month in payment.