Great $199 Lease Deals to Check Out Before the End of the Month

When it comes to promotional lease deals, many automakers have settled on the $199 figure. It’s a sizeable enough monthly payment for an automaker to turn a profit, and it’s also low enough for most car buyers to be able to afford.

Of course, as you take a look at these lease deals, it’s important to keep a few things in mind. The monthly payments quoted are actually less than what you’ll end up paying, as they do not include state sales tax. In addition, the amount due at signing does not reflect additional tax, title, license and dealer fees that may apply. Finally, these deals are oftentimes the starting point of a lease negotiation, as they apply to baseline models and to standard lease terms. Those standard lease terms may or may not meet your needs depending upon a number of factors, including how much you plan to drive the vehicle.

If you’re in the market for a new car, though, and you’re looking to lease, taking stock of these $199 offers is a good place to begin your search. With all of the above in mind, let’s take a look at some of the most attractive lease deals out there right now:

2016 Kia Optima LX

In the mid-size sedan category, there are incredible deals to be found on the top-rated 2016 Kia Optima, with dealers across the country looking to clear out their inventories in order to make way for the 2018 model. With $1,999 due at signing, the advertised lease deal for the 2016 Optima LX is $159 for a 36-month lease and $149 for a 24-month lease. The deals apply to the baseline trim level (LX), which features a 1.6-liter, turbocharged engine and automatic transmission.

2018 Hyundai Elantra GT

Those in the market for a hatchback would be well advised to check out the often-overlooked Elantra. This peppy vehicle is a top-rated compact and its baseline model comes outfitted with both Android Auto and Apple CarPlay. The lease deal that Hyundai is advertising for the Elantra currently calls for $1,499 due at signing and payments of $179. Do note that this deal applies to the manual-transmission model and not to the automatic.

2016 Volkswagen Golf S

As one of the top-rated compact cars, it’s great to see some attractive lease deals offered across the country for the Golf S. Reviews praise the car as fun to drive, and the baseline model comes standard with great amenities including Apple CarPlay or Android Auto. In most places, you’ll find an advertised lease deal of $189 per month with $2349 due at signing. This deal applies to a 36-month, 30,000-mile lease.

2017 Yaris iA

Overall, one of the cheapest lease deals in the $199 range is for the 2017 Yaris iA, a top-rated subcompact. Right now, it’s possible the lease one for payments of $189 and $1999 due at signing. This deal applies to the baseline trim level, which has a manual transmission. In the New York City area, it’s possible to find deals on the Yaris iA for as low as $129 monthly payments, although acquisition and disposition charges – usually totaling around $1,000 – will apply.

2017 Honda Civic Sedan CVT LX

Right now, Honda is offering a number of attractive lease deals on the 2017 Honda Civic. Of particular interest is the Sedan, for which Honda is currently advertising a monthly payment of $169 with $1999 due at signing. This 36-month, 36,000-mile lease deal applies to the base LX trim level, which is admittedly a little light on amenities. If you’re interested in the Coupe and Hatchback versions of the Civic, there are attractive lease deals currently on offer for those versions, as well. Again, those deals apply to the LX trim level.

As you can see, there are a number of great low-cost leases to be found on some very popular vehicles right now. Do remember that the above-quoted deals are merely those advertised by the automakers, and they do not include sales tax and numerous fees that may apply at signing. Also, remember that these deals assume sterling credit on the part of the lessee and that they also can and do vary from region to region and from dealership to dealership. However, knowing what these nationally advertised lease deals are does provide a good starting out point for negotiating a lease with an individual dealer.