Best Lease Deals Under $200 + $300 Per Month for May 2025
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 or $300 per month on sedans, SUVs, and trucks.
Below, we share our picks for the best lease offers with payments under $200 or $300 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.
1. 2025 Hyundai Ioniq 6
Lease Deal: $169/month for 24 months, $3,999 due at signing
2. 2024 Kia Niro EV
Lease Deal: $129/month for 24 months, $3,999 due at signing
3. 2025 Hyundai Kona Electric
Lease Deal: $189/month for 24 months, $3,999 due at signing
4. 2025 Hyundai Elantra
Lease Deal: $199/month for 24 months, $3,499 due at signing
5. 2025 Toyota Corolla
Lease Deal: $199/month for 36 months, $3,999 due at signing
| Year | Make | Model | Lease Offers | Expiration | Check Prices |
|---|---|---|---|---|---|
| 2025 | Hyundai | Ioniq 6 | $169/month for 24 months, $3,999 due at signing | 6/2/25 | Check Prices |
| 2024 | Kia | Niro EV | $129/month for 24 months, $3,999 due at signing | 6/2/25 | Check Prices |
| 2025 | Hyundai | Kona Electric | $189/month for 24 months, $3,999 due at signing | 6/2/25 | Check Prices |
| 2025 | Hyundai | Elantra | $199/month for 24 months, $3,499 due at signing | 6/2/25 | Check Prices |
| 2025 | Toyota | Corolla | $199/month for 36 months, $3,999 due at signing | 6/2/25 | Check Prices |
* Buick and Chevy lease deals only apply to current lessees of a 2019 or newer GM or non-GM vehicle.
Best Lease Deals Under $300 Per Month
It seems like $300 is the new $200 now. Lease deals for under $200 a month are increasingly harder to find, so we included some of the best offers for under $300 a month.
1. 2024 Jeep Wrangler 4xe
Lease Deal: $229/month for 24 months, $4,259 due at signing
2. 2024 Subaru Solterra
Lease Deal: $249/month for 36 months, $249 due at signing
3. 2025 Hyundai Ioniq 5
Lease Deal: $239/month for 24 months, $3,999 due at signing
4. 2025 Jeep Grand Cherokee
Lease Deal: $259/month for 24 months, $3,769 due at signing
5. 2024 Ford Mustang Mach-E
Lease Deal: $299/month for 36 months, $3,399 due at signing
Car Deals Aren’t The Only Way to Save!
A $199 Lease Deal May Cost More Than You Expect
Deals nearing the $199 per month mark may actually cross into the 200s 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.
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.
Don’t Choose a Car Based Only on Incentives
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These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.
