These are the cars and SUVs you can still rent for around $200 or less

To paraphrase Shakespeare, it’s the summer of discontent for new car buyers. Dealer inventories remain thin, while consumer demand is still strong, with the two forces conspiring to drive transaction prices ridiculously high. The average monthly payment for a new vehicle now stands at $700, with down payments hovering around six thousand dollars.

Leasing, rather than buying and financing a new model, remains a viable route to lowering both payments and upfront costs, but for a term of two or three years. Still, those who can stay flexible about their vehicle choices can still find genuinely affordable rental deals on select models, though not as rich or plentiful as we’ve seen in recent months.

To that, we were able to uncover 17 current new-vehicle deals on offer this month with monthly payments near or below the $200 threshold, and we feature them below. The selection runs the gamut, from small SUVs and crossover sedans to a pair of electrified rides, including the Nissan Leaf EV, and the all-wheel-drive Subaru Legacy midsize sedan. The Blue Plate Special of the bunch is the Hyundai Venue subcompact crossover, which costs just $159 a month, with just under $3,000 down (which includes the first month’s payment).

All offers shown here are valid until the end of May and generally apply to base models in a given range, with options, taxes and fees not included. Note that the best rental terms are almost always limited to those with the best credit ratings. And be aware that some of these offers may not be available in all regions of the country, or may have slightly more expensive terms depending on the region, so be sure to log on to a manufacturer’s website under an “offers specials” or “local offers” or contact a local retailer to see what’s on offer where you live.

Cheapest rental deals for May 2022:

  • Buick Encore: $169 per month for 24 months with $3,809 due upon signing
  • Buick Encore GX: $199 per month for 24 months with $5,119 due upon signing
  • Chevrolet Trax: $169 per month for 24 months with $3,759 due upon signing
  • Honda Civic Sedan: $209 per month for 36 months with $3,399 due upon signing
  • Honda HR-V: $209 per month for 36 months with $3,799 due upon signing
  • Hyundai Elantra: $189 per month for 36 months with $3,199 due upon signing
  • Hyundai Ioniq hybrid: $199 per month for 36 months with $2,499 due upon signing
  • Hyundai Kona: $179 per month for 36 months with $3,899 due upon signing
  • Hyundai Sonata: $209 per month for 36 months with $2,999 due upon signing
  • Hyundai Venue: $159 per month for 36 months with $2,899 due upon signing
  • Jeep Compass: $199 per month for 36 months with $5,899 due upon signing
  • Kia Forte: $189 per month for 24 months with $3,020 due upon signing
  • Kia Soul: $209 per month for 24 months with $3,020 due upon signing
  • Mazda CX-30: $199 per month for 24 months with $2,999 due upon signing
  • Nissan Leaf: $209 per month for 36 months with $4,059 due upon signing
  • Subaru Impreza: $215 per month for 36 months with $2,015 due upon signing
  • The Subaru Legacy: $215 per month for 36 months with $2,899 due upon signing

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