Car leasing under £200 per month
Key facts
Prices from just over £120 — brand new car, free mainland UK delivery included
Body types available under £200: hatchback, crossover, estate, electric and PHEV
All are brand new cars sourced from UK manufacturer dealer networks
Fixed monthly payments for the full contract term – no surprises
What under £200 ex VAT actually gets you
The common assumption is that a £200 budget means one or two small hatchbacks. LeaseCar's current range tells a different story. Here's the full picture at a glance:
Cheapest mild hybrid: Suzuki Swift 1.2 Mild Hybrid – starting at around £150 per month
Cheapest hatchback: Vauxhall Corsa – from just over £130 per month
Cheapest estate: Renault Symbioz Hybrid – from just over £190 per month
Cheapest crossover: Nissan Juke – from just over £140 per month
Cheapest PHEV SUV: Geely Starray – from just over £160 per month
The best hatchbacks to lease under £200 per month
The widest choice sits in the hatchback class — from the outright cheapest car to lease to a brand-new electric model all under £200 per month. See all hatchback lease deals
Suzuki Swift – one of the cheapest cars to lease on LeaseCar
From around £150 per month – a great price for a great all rounder
1.2 mild hybrid: better fuel economy than a straight petrol, no plugging in needed
Compact and city-friendly – agile, easy to park, low running costs
Well specified for the price point
Vauxhall Corsa — best-value all-rounder
From just over £140 per month – multiple variants in stock
Great specifications for the price point
One of the UK's most popular lease cars – proven, practical, easy to run
All Corsa variants have immediate availability
View Vauxhall Corsa lease deals
Peugeot 208 — best-looking hatchback under £200
From just over £150 per month – in stock now
Distinctive styling, well above its price point
1.2 PureTech petrol: smooth and efficient for everyday driving
MG ZS Hybrid — best-value hybrid hatchback
From around £160 per month – full hybrid at a competitive monthly payment
Hybrid+ system: smoother and more efficient in town than a mild hybrid
Generous standard kit for the price point
Crossovers under £200 per month
You don't have to sacrifice ride height and crossover practicality to stay inside the budget.
Nissan Juke — best crossover under £200
From just over £140 per month – most affordable crossover in LeaseCar's range
Distinctive styling that stands apart from standard hatchbacks
Raised ride position, more versatile body – more car for the money than most expect
Geely Starray — best PHEV SUV under £200
From just over £160 per month – a plug-in hybrid SUV inside the budget
PHEV: electric-only range for daily commuting, petrol engine for longer trips
Generous standard specification – strong value at this price point
Currently one of the best-value PHEVs available to lease in the UK
View Geely Starray lease deals
Take a look at the deals across our larger SUV lease deals if you’re thinking that something even larger would work for your needs.
An estate car under £200 per month
One of the most surprising deals on this page — a full hybrid estate for under £200 per month
Renault Symbioz — most affordable estate to lease
From just over £190 per month – a hybrid estate at a genuinely unexpected price
Well specified, comfortable, practical family estate
Hybrid powertrain: smooth in town, efficient over longer distances
More load space and interior room than any hatchback at a similar monthly payment
In stock and a current Hot Offer
What to know before you sign
Ex VAT vs inc VAT: All prices here are ex VAT. Add 20% for the personal lease equivalent. Business drivers using the vehicle for work may reclaim VAT – speak to your accountant.
Mileage: Budget deals are typically set at 5,000 miles/year. If you drive more, set the right mileage in your quote — excess charges run 10–30p/mile over your limit.
Initial rental: Most deals require an upfront payment of 1–12 months. Lower upfront options are available — see low initial rental deals.
Contract length: Shorter contracts can mean lower monthly payments but compare total contract cost too.
Credit check: Required for every lease regardless of amount — see our credit score guide.
Wear and tear: The BVRLA standard applies at every price point — understand it before you return the car. Fair wear and tear guide.
Depreciation: Leasing means you never absorb value loss on a new car — see our car depreciation guide.
Frequently asked questions
What is the cheapest car to lease in the UK right now?
What is the cheapest car to lease in the UK right now?
From LeaseCar's current range, The Vauxhall Corsa is available from just over £130 per month. Prices change regularly — see current deals.
Are cheap lease deals ex VAT or inc VAT?
Are cheap lease deals ex VAT or inc VAT?
Most advertised lease prices — including those on this page — are quoted ex VAT. To get the personal lease price, add 20%. Business drivers who use the vehicle for work may be able to reclaim the VAT element; speak to your accountant for your specific situation.
Is leasing worth it at this price point compared to buying?
Is leasing worth it at this price point compared to buying?
Even at budget price points, a lease includes a brand-new vehicle, full manufacturer warranty, and free delivery. Buying a new car in this bracket typically means absorbing significant first-year value loss on a modest asset. See our complete guide to car depreciation for more.
What is included in a cheap lease deal?
What is included in a cheap lease deal?
All LeaseCar lease deals include a brand-new car sourced from the UK manufacturer dealer network, free delivery to your door anywhere on the UK mainland, full manufacturer warranty for the contract duration, and road tax. Insurance and fuel are your responsibility. A maintenance package covering servicing and wear items can be added – view maintained leasing deals.
Find your lease today
Browse the full range or speak to the team — open Monday to Friday, 8:45am to 5:30pm.
In stock deals | Call 0344 745 1818