Finding car leases under $200 a month is not tough, but finding it in combination with no money down is next to impossible in this economy.
So, if you were exclusively looking for car leases under $200 a month with no money down, you will be disappointed. However, don’t be too disheartened, as we have found all the latest car models in the American automotive market that are available for lease under $200 a month.
These models do not exactly offer zero down payment (as you will still have to pay fees like taxes, registration, and dealer documentation charges) but come with affordable ones, paying which will fall under the budget of most new car seekers.
From Kia, Hyundai, and Nissan to Buick and Fiat, there are some of the best options for you from the best of the top automakers in the USA, with a special mention that will surely get your motors in gear.
Let’s begin and see which 2024 and 2025 cars you can lease for under $200 this month.
**Note To The Reader: All the vehicles mentioned below exclude taxes, title, and fees. The sellers are the ones who set the final price, so your buying price may vary from what we have mentioned here. Also, the availability of deals may vary from region to region within the USA.
1. 2025 Nissan Leaf (Sticker Price: Starting From $28,140)

- Monthly Payment: $129
- Term: 36 Months
- Due At Signing: $2,529
Priced at $28,140 for its base model, the all-new Nissan LEAF is an affordable, all-electric compact hatchback. This is one of the cheapest rides, not only just in the EV segment, you can lease at the moment.
For a down payment of $2,259 and monthly payments of $129, you can lease this car for 36 months with Nissan’s mileage allowance of 10,000 miles per year.
2. 2025 Kia Niro EV (Sticker Price: Starting From $40,000)

- Monthly Payment: $189
- Term: 24 Months
- Due At Signing: $3,999
With a restricted budget, buying a 2024 Kia Niro EV for a starting price of $40,000 may not be possible for many. However, with Kia’s latest lease deals, the Wind model of subcompact sport utility vehicle can be yours for monthly payments of $189 for 24 months with $3,999 due at signing.
However, if you find this one pricey, you can go for the 2024 model, which will cost you $149 for the same time of 2 years and the same down payment of $3,999.
3. 2024 Kia EV6 (Sticker Price: Starting From $42,600)

- Monthly Payment: $159
- Term: 24 Months
- Due At Signing: $3,849
Another electric SUV that you can lease for under $200 a month is the 2024 EV6 Light Long Range RWD model. It comes with a leasing deal of $159 per month for 24 months and only $3,849 is due at the signing.
For two years you can enjoy the thrill of 576 hp of its all-electric engine, which provides a driving range of up to 310 miles. You can take it out for mountain driving, in-city commutes, long road trips, and more.
4. 2024 Hyundai IONIQ 5 (Sticker Price: Starting From $41,800)

- Monthly Payment: $159
- Term: 24 Months
- Due At Signing: $3,999
Hyundai’s IONIQ 5 is one of the best electric SUVs you can purchase. It comes with a base price of $41,800. Leasing it is even cheaper with $3,999 as a down payment and $159 as monthly installments for 24 months.
Suggestion: 2025 Buick Envista Sport Touring With Top Performance And Style.
Out of all the five trims offered in the lineup, this deal is currently available for the standard range ionic models. The long-range models can be financed with monthly payments of $179 for the same term and due at signing.
5. 2024 Hyundai Ioniq 6 (Sticker Price: Starting From $37,500)

- Monthly Payment: $159
- Term: 24 Months
- Due At Signing: $3,999
The Hyundai Ioniq 6 is a stunning mid-size car that offers a driving range of up to 361 miles and is a great choice for all kinds of weather conditions, including rain, snow, and heat. You can lease it out for a term of 24 months for $159 a month with $3,999 provided upfront.
6. 2024 FIAT 500e EV (Sticker Price: Starting From $32,500)

- Monthly Payment: $179
- Term: 42 Months
- Due At Signing: $2,979
If you want a small yet sturdy ride that can help you maneuver tight roads and heavy traffic with utmost ease, the Fiat 500e compact EV is one of the best.
Also Check: 2025 Tesla Model Y Juniper: Raising the Bar for Electric SUVs.
With an effective monthly cost of $179, you can lease out this Italian car for 42 months with only $2,979 due at signing. This is a stellar deal compared to its buying price of $32,500.
7. 2024 Buick Envista (Sticker Price: Starting From $22,400)

- Monthly Payment: $179
- Term: 24 Months
- Due At Signing: $4,276
The Envista lineup from Buick is one of the most affordable on this list, with prices ranging from $22,400 to $28,600. But it gets even better with leasing. You can lease out this subcompact SUV for 24 months with $179 as monthly installments along with $4,276 as a down payment.
8. 2025 Hyundai Elantra (Sticker Price: Starting From $22,025)

- Monthly Payment: $189
- Term: 36 Months
- Due At Signing: $3,499
The latest Elantra is one of the most fuel-efficient compact cars you can find in the American automotive market. With its potent four-cylinder engine options, you get up to 32 mpg in the city and 41 mpg on the highway.
And now, you can enjoy this efficient performance with a lease deal comprising paying $3,499 at the time of signing with $189 each month for 36 months.
9. 2024 Kia Forte (Sticker Price: Starting From $19,990)

- Monthly Payment: $199
- Term: 36 Months
- Due At Signing: $3,499
Another Kia that you can lease out in 2025 is the Forte from the model year 2024. This compact car is available in four trim levels, and with its potent four-cylinder options, it delivers impressive fuel efficiency.
You can enjoy driving it without buying it for about 36 months by leasing it out with a signing amount of $3,499 and monthly payments of $199.
Special Mention Is The 2025 Tesla Model Y (Sticker Price: Starting From $44,990)

- Monthly Payment: $129
- Term: 36 Months
- Due At Signing: $2,529
Although the 2025 Model Y does not come with car leases under $200 a month, it’s still worth mentioning here because of its attractive lease deals.
You can enjoy the partial ownership of the self-driving Model Y for monthy payments of $299 for 36 months with $3,993 at the time of finalizing the deal.
This is one of the cheapest Tesla lease deals you can find. There are lease deals available on the Tesla Cybertruck, but it will cost you around $800 per month, which can be expensive for many. You can visit official Tesla website to know more.
Why Choose a Car Lease Under $200 a Month With No Money Down?
Leasing is the best alternative for people who want to drive a car but cannot afford to buy one. It allows you to temporarily own a vehicle for a specific amount of time for decided monthly installments and down payments.
So, if you come across lease deals with no money down, it typically means that there will be no upfront payment. However, don’t feel too good, as there will still be fees like registration, taxes, and dealer documentation charges.
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Thus, there is no lease deal that will not ask you for any upfront cost. In the name of no-money-down, you will still be paying some amount, including the unexpected costs.
At present, there are many car lease deals under $200 a month available, but they do not come with no money down. But you should still opt for them because, unlike buying:
Leasing a car is budget friendly. It will keep your monthly expenses manageable without a hefty upfront payment.
- There is no long-term commitment. Instead of getting stuck with one model for life, you can switch for a new one every few years.
- The overall maintenance costs for newer models are lower and often come with manufacturer’s warranties covering repairs, saving you significantly.
- You can easily access the latest models with modern tech, the latest safety features, and superior performance that car buyers dream of.
What Cars Can You Lease for $200 a Month?
The car lease deals under $200 a month typically comprise compact cars, sedans, or base trims of economy SUVs and electric cars throughout US states, including NJ, NY, California, and others.
These vehicles may not come with the premium luxury features, but they sure do offer reliability, good performance, and excellent fuel efficiency, making them perfect for budget-conscious drivers.
Is Car Leasing Worth It?
With almost a week into 2025, there are no exact car lease deals under $200 a month with no money down available. However, there are plenty of deals that offer similar monthly payments but without substantial upfront costs.
Find the right deal will require patience, research and negotiation at your part, but all the savings you will make and the convenience you will get by getting your own car will make all your efforts worthwhile.
So, are you ready to find your perfect lease deal? Check out your local dealerships or online leasing platforms today. Do not forget to ask for quotes, compare deals, and ensure there are not hidden upfront costs or other charges to get the best deal possible.