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The $199 Lease-Deal Roundup for July 2017

Car and Driver Logo By John Pearley Huffman of Car and Driver | Slide 1 of 16: Everything in an auto lease—purchase price, term length, mileage, interest rate, residual value—is at least potentially negotiable. But you have to start somewhere. And one of the best somewheres to start is with the advertised, manufacturer-backed lease deals. These are the deals that promise the keys to a new car for a low monthly cost and a temptingly reasonable down payment.The sweet spot for marketing mainstream vehicles is at $199 a month. It’s a payment almost anyone with a job can handle. And that’s mainstream as in Sonata, Accord, Camry, and Altima on the sedan side. And CX-3, Rogue, Equinox, and Sportage in crossovers.But all these lease offers exist within a blizzard of numbers. Here we take those numbers and put them into convenient charts that break down the leases by monthly payments, money due at signing, and additional fees such as disposition charges at lease end, boiling them down into an easily understood number. That number is the cost per mile if you use every mile the lease includes (without factoring in things like fuel costs and insurance and air fresheners, of course).The charts here cover leases near the $199-a-month mark and are as comprehensive as reasonably possible. But leases often are regional deals, and what may be a $199 offer in California could be a $159 deal in New York or Chicago. It all depends. But if you’ve got primo credit—a necessity to qualify for any of these deals—here’s a first stab at making sense of them.There are two charts listing the deals. The first lists them alphabetically by manufacturer; the second sorts the same data from lowest to highest cost per mile. Use them both as tools toward getting the best deal on your next lease.The slides that follow call out our choice picks.

The $199 Lease-Deal Roundup for July 2017

Everything in an auto lease—purchase price, term length, mileage, interest rate, residual value—is at least potentially negotiable. But you have to start somewhere. And one of the best somewheres to start is with the advertised, manufacturer-backed lease deals. These are the deals that promise the keys to a new car for a low monthly cost and a temptingly reasonable down payment.

The sweet spot for marketing mainstream vehicles is at $199 a month. It’s a payment almost anyone with a job can handle. And that’s mainstream as in Sonata, Accord, Camry, and Altima on the sedan side. And CX-3, Rogue, Equinox, and Sportage in crossovers.

But all these lease offers exist within a blizzard of numbers. Here we take those numbers and put them into convenient charts that break down the leases by monthly payments, money due at signing, and additional fees such as disposition charges at lease end, boiling them down into an easily understood number. That number is the cost per mile if you use every mile the lease includes (without factoring in things like fuel costs and insurance and air fresheners, of course).

The charts here cover leases near the $199-a-month mark and are as comprehensive as reasonably possible. But leases often are regional deals, and what may be a $199 offer in California could be a $159 deal in New York or Chicago. It all depends. But if you’ve got primo credit—a necessity to qualify for any of these deals—here’s a first stab at making sense of them.

There are two charts listing the deals. The first lists them alphabetically by manufacturer; the second sorts the same data from lowest to highest cost per mile. Use them both as tools toward getting the best deal on your next lease.The slides that follow call out our choice picks.

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© John Pearley Huffman

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