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$199 Lease Deals for October 2016
Making Sense of All the $199 Month Lease Deals
Published: 10/07/2016 - by John Pearley Huffman, Contributor
Drive a brand-new car for only $199 a month. It isn't too good to be true. At any given time, there are manylease deals clustered around that price.
Here are the lease deals currently listed on their manufacturers' websites at or near $199 per month. Although all were featured as of October 6, 2016, 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 the cost per mile, assuming that you've used the full mileage allowance. Keep an eye out for additional charges, such as unaccounted acquisition and lease-end disposition fees.
Not all leases are built exactly the same. Some ask for more money up front but have lower monthly payments. Some are the opposite: They entice you with very low drive-off amounts but have slightly higher monthly payments. Try to find a lease that strikes a balance among the miles you drive, a low monthly payment and low drive-off fees. Always add up the entire cost of the lease and compare those numbers before deciding. If you need clarification on all this or you need to bounce ideas off someone who knows what's going on, don't hesitate to reach out to the Edmunds.com Shopper Advice team for free assistance.
These premium deals are generally available only to customers with sterling credit ratings. There might be other programs for those with lower credit scores. And when you're leasing, remember that these monthly payments do not include sales tax and other fees.
There are subtleties to all leases. 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. These heavily advertised leases with their discounted factory financing and aggressive pricing are a good starting point for your lease shopping.
2017 Acura ILX — $199 and $239 per month/36 months
Acura's smallest sedan is available at our monthly price point in Southern California, and for $40 above it in the New York and Chicago metro areas with $1,351 less money due at signing. Taking all charges into account, the New Yorkers and Chicagoans are paying $89 more over the course of the three-year lease. Offers end October 31.
Acura's smallest sedan is available at our monthly price point in Southern California, and for $40 above it in the New York and Chicago metro areas with $1,351 less money due at signing. Taking all charges into account, the New Yorkers and Chicagoans are paying $89 more over the course of the three-year lease. Offers end October 31.
2016 Buick Encore — $179 and $189 per month/39 months
Buick's small and versatile crossover is available for $179 per month with only $739 due at signing — if you're currently leasing a competitive vehicle and live in the right area (Edmunds found this deal in New York City). Keep in mind that these leases are for 39 months, but they cover only 32,500 miles of use. Offers will vary by region and end on October 31.
Buick's small and versatile crossover is available for $179 per month with only $739 due at signing — if you're currently leasing a competitive vehicle and live in the right area (Edmunds found this deal in New York City). Keep in mind that these leases are for 39 months, but they cover only 32,500 miles of use. Offers will vary by region and end on October 31.
2016 Buick Verano — $199 per month/39 months
Buick offers its small, nimble Verano sedan through various regional leases at $199 per month. Money due at signing will vary by region and depend on whether you're coming from a competitive lease. Offers end on October 31.
Buick offers its small, nimble Verano sedan through various regional leases at $199 per month. Money due at signing will vary by region and depend on whether you're coming from a competitive lease. Offers end on October 31.
2016 and 2017 Chevrolet Cruze — $169 and $189 per month/39 months
Depending on region, Chevy's small sedan is available at either $10 or $30 below our monthly price point. Money due at signing will also vary, dropping if you're coming out of an existing GM lease. Offers end on October 31.
Depending on region, Chevy's small sedan is available at either $10 or $30 below our monthly price point. Money due at signing will also vary, dropping if you're coming out of an existing GM lease. Offers end on October 31.
2016 and 2017 Chevrolet Equinox LT — $189-$199 per month/24 and 39 months
The Equinox is a practical midsize SUV and consistently one of Chevy's bestsellers. The carmaker is offering it in a blizzard of slightly different leases, depending on region. All these leases include 10,000 miles per year, but the money due at signing differs depending on whether or not you're coming out of a current GM lease. Offers end October 31.
The Equinox is a practical midsize SUV and consistently one of Chevy's bestsellers. The carmaker is offering it in a blizzard of slightly different leases, depending on region. All these leases include 10,000 miles per year, but the money due at signing differs depending on whether or not you're coming out of a current GM lease. Offers end October 31.
2016 and 2017 Chevrolet Malibu — $199 and $209 per month/39 months
If your credit is solid, a Chevy dealer will put you in a new 2016 Malibu sedan for two years for only $199 per month. These offers are on the all-new 2016 model Malibu, and the money due at signing varies depending on whether you're currently leasing from GM. Pay $209 per month and you can get a 2017 Malibu. Offers end October 31.
If your credit is solid, a Chevy dealer will put you in a new 2016 Malibu sedan for two years for only $199 per month. These offers are on the all-new 2016 model Malibu, and the money due at signing varies depending on whether you're currently leasing from GM. Pay $209 per month and you can get a 2017 Malibu. Offers end October 31.
2016 Fiat 500 — $205 per month/42 months
Fiat's adorable 500 is available in Sport or Easy trim at this price, depending on region. But it's a stiff $2,999 to start these longer-than-average 42-month leases, which only cover 10,000 miles per year of use. Offers end October 31.
Fiat's adorable 500 is available in Sport or Easy trim at this price, depending on region. But it's a stiff $2,999 to start these longer-than-average 42-month leases, which only cover 10,000 miles per year of use. Offers end October 31.
2016 Fiat 500X — $179 or $219 per month/42 months
Fiat's 500X is about as capable as its brother, the Jeep Renegade, without the self-conscious preciousness. And in New York City, a 500X in Pop front-drive trim is available at $179 per month for 42 months after $2,999 at signing. Meanwhile, in Southern California, the same vehicle goes off at $219 per month for 42 months after $2,999 at signing. Deals end on October 31.
Fiat's 500X is about as capable as its brother, the Jeep Renegade, without the self-conscious preciousness. And in New York City, a 500X in Pop front-drive trim is available at $179 per month for 42 months after $2,999 at signing. Meanwhile, in Southern California, the same vehicle goes off at $219 per month for 42 months after $2,999 at signing. Deals end on October 31.
2016 Ford Fusion — $179 per month/36 months
Ford offers the 2016 Fusion in a vast number of variations and deals vary by region. Offered in the New York City area, this lease includes only 875 miles per month. Offers end October 31.
Ford offers the 2016 Fusion in a vast number of variations and deals vary by region. Offered in the New York City area, this lease includes only 875 miles per month. Offers end October 31.
2016 and 2017 GMC Terrain — $179 and $199 per month/24 months
This twin brother to the Chevy Equinox is available for $179 or $199 in different regional offers. The money due at signing also varies by region and depends on whether you're exiting a GM lease. Offers end October 31.
This twin brother to the Chevy Equinox is available for $179 or $199 in different regional offers. The money due at signing also varies by region and depends on whether you're exiting a GM lease. Offers end October 31.
2016 and 2017 Accord LX-S Coupe — $209 and $229 per month/36 months
The 2016 two-door Accord requires $2,299 at signing. Pay $229 per month after $2,399 at signing to get a 2017 model. The leases include 1,000 miles per month. Additional miles cost 15 cents each. Offer ends October 31.
The 2016 two-door Accord requires $2,299 at signing. Pay $229 per month after $2,399 at signing to get a 2017 model. The leases include 1,000 miles per month. Additional miles cost 15 cents each. Offer ends October 31.
2016 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 in a 36-month lease with a low $1,999 cost at signing. The lease includes a 1,000-miles-per-month allowance. Offer ends October 31.
The most popular version of the Accord sedan (four cylinders, automatic transmission, cloth interior) is available in a 36-month lease with a low $1,999 cost at signing. The lease includes a 1,000-miles-per-month allowance. Offer ends October 31.
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