Luxury Lease Deals Under $500/mo
If you'd like to drive a luxury vehicle, but are scared of the high monthly payments, a lease may be a good option if you know where to look.
That's where I can help. This week, I collected all advertised luxury lease deals with monthly payments of less than $500 per month. To make it a fair apples to apples comparison, I calculated each one with $0 down payment. Keep in mind, these payments don't include tax, title, and dealer fees, which could add another $50 to $100 to the payment depending on your location.
Take a look at the list below, you may be surprised which vehicles you can get for less than $500 per month, and keep in mind that you may be able to negotiate these prices even further (that's why I included advertised lease deals that go up to $600/month). Also keep in mind that your local region may not have the same advertised lease deal (although it should be close).
The last column, "Bang for Buck" shows you whether this deal is a good value based on the MSRP of the vehicle. The higher, then better. Anything close to 100 is a really good deal. Anything below 75 is not good.
As always, I recommend using TrueCar No Haggle and Edmunds Price Promise to see the lowest prices your local dealers are willing to offer.
| Rank | Vehicle | Trim | MSRP | Monthly Payment $0 Down | Bang for Buck |
|---|---|---|---|---|---|
| 1 | 2019 Jaguar XE | 25t | $36,995 | $410 | 102 |
| 2 | 2018 Land Rover Discovery Sport | SE | $37,795 | $420 | 92 |
| 3 | 2018 Mercedes CLA | CLA 250 | $35,495 | $425 | 86 |
| 4 | 2018 Land Rover Range Rover Evoque | SE | $41,800 | $439 | 95 |
| 5 | 2019 Lexus NX | 300 | $39,733 | $441 | 93 |
| 6 | 2019 Cadillac XT4 | Luxury | $35,670 | $447 | 83 |
| 7 | 2018 BMW 3 Series | 320i | $38,695 | $451 | 88 |
| 8 | 2018 Audi Q3 | 2.0T Sport Premium | $34,875 | $459 | 82 |
| 9 | 2018 Audi A3 | 2.0T Premium | $36,280 | $464 | 92 |
| 10 | 2018 Audi A4 | 2.0T ultra Premium | $40,855 | $472 | 99 |
| 11 | 2019 Volvo XC40 | T4 Momentum | $34,695 | $474 | 76 |
| 12 | 2018 BMW X2 | X2 sDrive28i | $39,295 | $475 | 85 |
| 13 | 2019 Cadillac XT5 | Preferred | $42,570 | $497 | 92 |
| 14 | 2018 BMW X1 | X1 sDrive28i | $37,945 | $498 | 79 |
| 15 | 2019 Lexus ES | 350 | $40,790 | $499 | 82 |
| 16 | 2018 Alfa Romeo Giulia | $39,490 | $505 | 78 | |
| 17 | 2018 Mercedes C-Class | C 300 | $42,495 | $506 | 86 |
| 18 | 2018 Jaguar XF | 25t | $47,775 | $507 | 96 |
| 19 | 2018 Lexus RX | 350 | $45,204 | $528 | 99 |
| 20 | 2019 Jaguar E-Pace | S P250 | $40,900 | $530 | 86 |
| 21 | 2019 Cadillac CTS | $47,870 | $531 | 90 | |
| 22 | 2018 BMW 2 Series | 230i | $38,695 | $531 | 74 |
| 23 | 2019 Cadillac ATS | Luxury | $43,670 | $533 | 82 |
| 24 | 2019 Volvo XC60 | T5 Momentum | $41,545 | $543 | 78 |
| 25 | 2018 Mercedes GLC | GLC 300 | $42,975 | $547 | 90 |
| 26 | 2019 Lexus GX | 460 | $56,310 | $548 | 103 |
| 27 | 2019 Jaguar F-Pace | Premium 25t | $47,000 | $550 | 86 |
| 28 | 2018 Volvo S90 | T5 Momentum | $50,440 | $572 | 88 |
| 29 | 2018 Alfa Romeo Stelvio | Ti | $45,490 | $588 | 77 |
| 30 | 2018 Audi Q5 | 2.0T Tech Premium | $47,810 | $591 | 93 |
| 31 | 2018 Audi A5 Sportback | 2.0T Premium | $44,975 | $591 | 78 |
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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