The $199 Lease Deals for October 2015

Drive a brand-new car for only $199 a month. It isn’t too good to be true. At any given time there are manyfactory-backed lease deals clustered around that price.

Here are the lease deals currently listed on their manufacturer’s websites at or near $199 a month. While all were featured as of October 8, 2015, some aren’t available in all regions of the United States. For comparison’s sake, we’ve calculated the total cost of each lease to completion and further calculated what each costs per mile, assuming full utilization of the mileage allowance. Watch out, however, for additional charges like unaccounted acquisition and lease-end disposition fees. For more detailed pricing, check out our Price Promise^® tool.

Not all leases are built exactly the same. Some leases ask for more money up front but have lower monthly payments. Some are the opposite: They entice you with a very low drive-off amount but have slightly higher monthly payments. Try to find a lease that strikes a balance between the miles you drive, a low monthly payment and low drive-off fees. Always add up the entire cost of a lease and compare those numbers before deciding. If all this needs clarification or you need to bounce ideas off someone who knows what’s going on, don’t hesitate to reach out to the Edmunds.com Live Help team for free assistance.

These premium deals are generally available only to customers with sterling credit ratings. There may be other programs for less stellar credit cases. And all lessees should remember that these monthly payments do not include sales tax and other fees.

There are subtleties to any and every lease. And tailoring a lease before you sign it is the single best way to ensure you’ll be happy as long as you’re in it — and on your way out of it. But these heavily advertised leases with their discounted factory financing and aggressive pricing are a good starting point.

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2015 and 2016 Buick Encore — $165 and $185 per month/24 months
Buick’s small and versatile crossover is available for as little as $165 a month — if you’re a lessee of a competitive vehicle, live in the New York City area and can accept that it’s a 2015 model instead of a 2016. The offers on the 2016 model go off at $185 per month with otherwise similar terms. Keep in mind that all these leases are for only two years and only cover 20,000 miles of use. And the offers will vary by region. Offers end November 2.

2015 and 2016 Buick Verano — $169-$189 per month/24 or 39 months
Buick’s 2015 Verano can be had for $169 per month after $2,829 or $1,329 at signing depending on whether you’re coming out of a competitive lease — and if you live in the right place and only want to keep the car for 24 months. In New York City it’s $189 a month for a 2016 Verano after $2,759 or $1,259 at signing depending on your current leasing status. These deals vary, but they all include just 10,000 miles of use per year. You’ll have to investigate a bit yourself to find out what’s available in your area. Offers end November 2.

2015 Chevrolet Equinox LT — $199 per month/24 months
The Equinox is a large and useful crossover SUV and consistently one of Chevy’s best-sellers. It costs $2,629 at signing if you’re a current GM lessee or $3,129 at signing if you’re a current GM non-lease customer. Both of those buy-in numbers are up quite a bit from last month. The $199 a month includes an allotted 20,000 miles, with additional miles priced at 25 cents each. Offer ends November 2.

2015 Chevrolet Malibu — $179 per month/24 months
Pay $1,709 at signing (if you’re a current GM vehicle lessee) and a Chevy dealer will hand over a new 2015 Malibu sedan for you to drive for the next two years at only $179 per month. If you’re not a current lessee, the buy-in is $2,209. The lease covers 20,000 miles of use, with additional miles charged at 25 cents each. Offers end November 2.

2015 Chevrolet Sonic — $179-$209 per month/39 months
Chevy’s subcompact comes in at price points near our target, but not quite hitting it. Go for the regular LT model and the lease runs $179 per month for 39 months after $2,039 at signing. Choose the fuel-sipping Eco model and the price rises to $209 per month after just $1,849 at signing. Offers end November 2.

2015 and 2016 Chevrolet Trax — $199 per month/24 or 39 months
Chevy’s smallest crossover SUV is nonetheless roomy and useful. And after plopping down $1,589 at signing, the 2015 version is yours at our price point for the next 39 months. If you’re a current GM lessee, that up-front number is only $1,089. Meanwhile, the 2016 version of the Trax is also available under the same terms, with non-lessees needing $2,739 at signing and current lessees $2,239 at signing. The lease includes 30,000 miles of use, and additional miles are 25 cents each. Offer ends November 2.

2015 Fiat 500e — $169 per month/36 months
It’s a true electric for the cost of a boring everyday car. Maybe it’s even cheaper. But you need to live in either Oregon or California and put down $1,999 at signing. Also, there will be a $395 disposition fee at lease end. Dealer contributions vary, and have been known to vary greatly with this car. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends November 2.

2015 Fiat 500 Sport — $189 and $199 per month/42 months
It’s Fiat’s iconic small car in its Sport trim. Think of it as just short of an Abarth. Depending on region, the monthly offer is for $189 or $199 per month with either $1,999 or $2,699 due at signing. Keep in mind that this is for the 2015 model and local dealers may have different programs based around 2016 model year cars. Shop around and know what’s out there before negotiating. Offers end November 2.

2015 Ford C-Max Hybrid — $179 per month/36 months
A versatile hybrid, the C-Max is available in various regional deals around the country. This particular $179 per month deal, for example, is for an SE model after $2,499 at signing in Southern California. It runs 36 months with 31,500 miles of use. Offers end November 2.

2015 Ford Focus Electric — $199 per month/36 months
This is Ford’s all-electric version of the Focus available in some limited markets (this one is in Southern California) for $199 per month after $2,079 at signing. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offer ends January 14.

2015 and 2016 Ford Fusion — $169-$209 per month/24 and 36 months
Ford offers the 2015 and 2016 Fusion in a vast number of variations, and this deal is offered on slightly different trims depending on region. There are also differences in how much money is due at signing depending on region, and whether the customer is currently a Ford lessee or leasing a competitive car. That noted, these are all low-mileage leases that only allow 875 miles per month over their duration. Offers end November 2 or January 14 depending on the model.

2015 Honda Accord LX Sedan — $189 per month/36 months
The most popular version of the Accord sedan (four cylinders, automatic transmission, cloth interior) is available at $189 a month in a 36-month lease with a low $1,999 cost at signing. That includes a 1,000-miles-per-month allowance. Offer ends November 2.

2015 Honda CR-Z — $199 per month/36 months
Honda’s two-seat hybrid comes in at our price point after $2,699 at signing. The lease runs for three years and 36,000 miles. Offer ends November 2.

2015 and 2016 Hyundai Sonata SE — $179 and $209 per month/36 months
It’s Hyundai’s new version of its mainstream sedan. And it’s yours to drive for $179 per month after $1,999 at signing. But that’s for the 2015 model. If you want the 2016, the initial buy-in rises to $2,499 and the monthly cost is $209. There’s also a $400 disposition fee at the end of the lease in most states. The 36,000-mile allowance is solid, with additional miles available for 20 cents each. Hyundai now seems to be updating its advertised lease deals every week. So these offers end October 12. New offers are likely to post after that date.

2015 Jeep Cherokee — $199 per month/36 and 42 months
Jeep has very limited regional offers on various front- and four-wheel-drive versions of its hugely successful Cherokee at just $199 per month. These 36- and 42-month leases all allow only 10,000 miles of use during per year and are not offered in all areas. Offers end November 2.

2015 Jeep Compass — $179-$189 per month/42 months
Have a hankering for the Compass? In some regions, a two-wheel-drive Compass can be leased at $189 per month after $2,999 at signing. Around New York City it’s a 4x4 for $179 per month on what are otherwise the same terms. So shop around. These are low-mileage leases, so plan accordingly. Offers end November 2.

2015 Jeep Patriot — $169 and $235 per month/42 months
Jeep’s other small crossover is available in several different featured leases depending upon region, for as little as $169 per month after $2,999 at signing in the New York City area. Look out for differences in down payment and mileage allowances while shopping. Offers end November 2.

2015 Jeep Renegade — $169-$249 per month/24 or 42 months
Jeep’s new subcompact SUV is available in slightly different leases around the country. That includes at least one lease in the Chicago area at the $199-per-month price point after $3,299 down. Trim levels vary, there is a $395 disposition fee at the end of most of these leases, and both terms and mileage allowances may vary.Offers end November 2.

2015 Kia Optima LX — $167-$189 per month/24 or 36 months
The stylish 2015 Optima is now available with lease terms near our price point on 24- and 36-month leases in various regions around the country. Check your specific ZIP code for the exact numbers. Offers end November 2.

2016 Mazda3 Five-Door — $199 per month/33 months
Why Mazda has this lease running 33 months is a mystery wrapped in a riddle and drowned in skim milk. But it is $199 per month after $1,999 at signing for this sporty hatchback. Offer ends November 2.

2015 and 2016 Mini Cooper Countryman — $199 and $249 per month/36 months
Mini’s sort-of-a-crossover in Cooper form is available at $199 per month after $3,694 at signing — for a 2015 model. Want a 2016? That’s $249 per month after $3,649 at signing. These leases run three years but only include 30,000 miles of use. Keep the $350 disposition fee at lease end in mind. Offers end November 2.

2014 and 2016 Mitsubishi i-MiEV — $179 and $189 per month/36 months
Mitsubishi’s small electric vehicle is available at $10 under our monthly price point in 2016 form, but it takes a stiff $3,388 at signing. Pull one of the leftover 2014 models out of a dealer’s inventory and the price drops to $179 per month after $3,378 down. Additional savings are possible through various federal and local incentive programs for electric vehicles. Offers end November 2.

2015 Mitsubishi Lancer ES CVT — $189 per month/24 months
Mitsubishi’s 2015 model-year compact four-door costs $189 per month after a $2,998 initial buy-in. Offer ends November 2.

2015 and 2016 Mitsubishi Outlander — $199-$240 per month/36 months
It’s Mitsubishi’s larger crossover with either two-wheel drive or all-wheel drive and price points close to our target, depending on trim. Prices also vary according to whether the leased vehicle is a 2015 or 2016 model.Offers end November 2.

2015 Mitsubishi Outlander Sport — $179-$241 per month/36 months
This solid compact SUV is available in all-wheel-drive GT trim at $207 per month after a $3,731 signing payment. Or go big for the Touring model and it’s $241 per month after $3,790 at signing. Go small and settle for two-wheel drive and it’s $179 per month after $3,378 at signing. Offers end November 2.

2015 Nissan Altima 2.5 S — $179 and $189 per month/36 months
Nissan offers several different lease programs for the Altima in different regions of the country. There’s $1,799 due at signing in some areas for a $179-per-month lease. These low monthly payments come with 12,000 miles of use per year and charge only 15 cents per additional mile. There is a disposition fee due at the end of the lease in most states. Offer ends November 2.

2015 Nissan Juke S — $199 per month/36 months
Nissan’s quirky Juke small SUV comes in at our price point after $2,999 down. Nissan’s deals this month are highly regionalized, so check the company’s website or with a dealer. Offer ends November 2.

2015 Nissan Leaf S — $199 per month/36 months
Though it’s a deal only for California and Oregon residents, getting the all-electric Leaf for just $199 per month after $2,399 at signing can be the right deal for the right commuter. Offer ends November 2.

2015 Nissan Rogue — $194-$229 per month/36 months
Three years in the SL trim Rogue with front-wheel drive can be had for $2,699 at signing and $194 per month… if you happen to live in the Chicago area. The lease includes 1,000 miles per month, with additional miles for only 15 cents each. Other regions feature leases for the Rogue that are tailored differently. Note that this is for the current Rogue, not the previous-generation Rogue Select. Offer ends November 2.

2016 Scion iM — $199 per month/36 months
It’s Scion’s newest five-door hatchback at our price point after $1,999 at signing. Offer ends November 2.

2015 and 2016 Scion tC — $179 and $199 per month/36 months
The sporty 2016 tC is available at the price point after $1,999 at signing. Go for the 2015 model and save $20 a month on the payment, but at the same terms otherwise. Offers end November 2.

2015 Scion xB — $189 per month/36 months
Scion’s practical and very square xB can be had now for $189 per month after $1,999 at signing. Offer ends November 2.

2015 and 2016 Subaru Impreza — $145-$219 per month/36 months
Subaru’s smallest car is available with no money down at signing — as a four-door or five-door hatchback. There will be variances according to region and ZIP code. Or, with some cash at signing, it can be had for $145, or $155 per month with a five-speed manual transmission. Offers end November 2.

2015 and 2016 Toyota Camry — $179-$209 per month/24 and 36 months
Toyota has slight variations on 2015 Camry leases around the country, so you’ll have to check in your area. Our chart includes 16 different advertised leases including leases on 2015 and 2016 Camry Hybrid models. All the leases we’ve seen run 1,000 miles per month, with a disposition fee at lease end in most regions. But watch these closely. Some advertised deals don’t include a $650 acquisition fee in the bold print. There’s often a $350 disposition fee, too. Offers end November 2.

2015 Toyota Prius — $179-$209 per month/24 or 36 months
Toyota’s iconic hybrid hatchback is available in some regions (but not all) on leases near our price point. Offers end November 2.

2015 Toyota RAV4 — $199-$219 per month/24 and 36 months
Toyota has several regional lease offers on its popular RAV4 that fall near our price point. But read the fine print. Some don’t include a $650 acquisition fee in the advertised price, and some also include disposition fees at the end of the lease, too. Offers end November 2.

2015 and 2016 Volkswagen e-Golf — $199 and $229 per month/36 months
It’s the all-electric version of VW’s Golf hatchback. These deals ($199 per month for a 2015 model and $229 for the 2016) both need $2,349 at signing. Availability is restricted to states with aggressive alternative fuel vehicle programs. Offers end November 2.

2015 and 2016 Volkswagen Jetta S — $139 and $189 per month/36 months
VW’s economical and comfortable Jetta is available for $10 under the price point for a 2016 model. That deal requires $1,999 at signing. Or go for the 2015 model and it’s only $139 per month after $2,199 at signing. Both deals are for a 36-month lease with 1,000 miles of use per month. Offer ends November 2.

2015 Volkswagen Passat Limited Edition — $179 per month/36 months
The family-size sedan from VW is available in 1.8T S trim at $20 under our price point on a 36-month lease that includes 1,000 miles of use per month. Offer ends November 2.

2015 and 2016 Volkswagen Tiguan — $179 and $189 per month/36 months
VW’s small crossover 2015 Tiguan SUV is available at only $179 per month after $2,499 at signing. Spend another $10 per month and you’ll get the 2016 model. Both leases go a full three years and 36,000 miles, with additional miles costing 20 cents each. Offers end November 2.

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