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

best lease deals under 200 per month

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 on sedans, SUVs, and trucks.

And our expert editors are here to help you find these deals while they last until the end of the month.

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

How We Collect & Rank Lease Deals

At the start of each month, we meticulously search for deals from all major manufacturers, sourcing them directly.

We determine our top picks by calculating the total lease cost and factoring in the MSRP. We also consider historical data, highlighting models that haven’t seen deals recently when they emerge with new offers.

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 Encore GX#1 Deal: 2023 Buick Encore GX

Lease Deal: $199/month for 24 months, $3,989 due at signing

>> Check Buick Encore GX Prices

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YearMakeModelLease OffersExpirationCheck Prices
2023BuickEncore GX$199/month for 24 months, $3,989 due at signing1/2/24Check Prices

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

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.

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.