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Five New Car Leases for Under $200 a Month

by Sean Tucker

$200 a month: It's less than $7 a day. Sacrifice your daily latte habit, and voila! You have the budget for a new car. 

In today's market, you have options.  There are a number of appealing cars you'd genuinely enjoy owning available for less than $200 a month.

They're lease deals, which have drawbacks.  You'll need good credit to qualify, you'll have to dip into savings for a downpayment, and at the end of the lease you'll have...well, nothing but another lease payment to look forward to. 

Here are five cars you can find for less than $200 a month (please keep in mind that prices and offers might vary by region and/or dealership):

2011 Hyundai Sonata

2011 Hyundai Sonata

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2011 Hyundai Sonata -- $199 per month for 36 months, $2,399 down

The 2011 Hyundai Sonata has been around for a few months now, but our colleagues in the automotive press are still shaking their heads in disbelief.  Eye-catching good looks in a family sedan?  Six-cylinder acceleration from a four-cylinder car?  An upscale interior even in the base model? And at that price?  It's sometimes hard to imagine that anyone would comparison shop and still buy something else.  Especially now, with the Sonata offered for a monthly fee you could save by brown bagging lunch to work.

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