Luxury Lease Deals Under $500/mo
If you'd like to drive a luxury vehicle, but were 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 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 or higher than 100 is a really good deal. Anything below 75 is not good.
As always, I recommend using TrueCar No Haggle, RydeShopper and CarsDirect to see the lowest prices your local dealers are willing to offer.
| Rank | Vehicle | Trim | MSRP | Monthly Payment $0 Down | Bang for Buck |
|---|---|---|---|---|---|
| 1 | 2020 Cadillac XT4 | Luxury | $37,565 | $370 | 102 |
| 2 | 2020 Lexus UX | 200 | $34,115 | $374 | 91 |
| 3 | 2020 Audi A3 | 2.0T Premium | $34,895 | $429 | 81 |
| 4 | 2021 Volvo XC40 | T4 Momentum | $34,695 | $432 | 80 |
| 5 | 2020 Lexus NX | 300 | $40,703 | $432 | 94 |
| 6 | 2020 Jaguar XE | S P250 | $39,900 | $436 | 91 |
| 7 | 2020 Cadillac CT4 | Luxury | $34,865 | $437 | 80 |
| 8 | 2020 Mercedes A-Class | A 220 | $34,345 | $441 | 78 |
| 9 | 2020 Cadillac CT5 | Luxury | $38,765 | $446 | 87 |
| 10 | 2020 Audi A4 | 40 Premium | $39,895 | $449 | 89 |
| 11 | 2020 Cadillac XT5 | Luxury | $45,965 | $456 | 101 |
| 12 | 2020 Lexus ES | 350 | $41,290 | $460 | 90 |
| 13 | 2020 BMW 2 Series | 228i xDrive Gran Coupe | $40,745 | $460 | 89 |
| 14 | 2020 Mercedes CLA | 250 | $39,295 | $484 | 81 |
| 15 | 2020 Land Rover Range Rover Evoque | SE | $47,200 | $485 | 97 |
| 16 | 2020 Jaguar E-Pace | SE P250 | $43,700 | $489 | 89 |
| 17 | 2020 BMW X2 | sDrive28i | $40,295 | $493 | 82 |
| 18 | 2020 Land Rover Discovery Sport | S | $41,500 | $495 | 84 |
| 19 | 2020 Audi Q3 | 45 Premium | $37,295 | $499 | 75 |
| 20 | 2020 BMW X1 | sDrive28i | $39,595 | $513 | 77 |
| 21 | 2020 Alfa Romeo Giulia | $42,695 | $515 | 83 | |
| 22 | 2020 Jaguar F-Pace | Premium 25t | $47,800 | $518 | 92 |
| 23 | 2021 Volvo XC60 | T5 Momentum | $43,445 | $519 | 84 |
| 24 | 2020 Mercedes GLB | GLB 250 | $39,795 | $521 | 76 |
| 25 | 2020 Lexus RX | 350 | $50,020 | $538 | 93 |
| 26 | 2020 BMW X3 | sDrive30i | $43,995 | $542 | 81 |
| 27 | 2020 BMW 3 Series | 330i | $44,645 | $545 | 82 |
| 28 | 2020 Audi Q5 | 45 Premium | $46,545 | $547 | 85 |
| 29 | 2020 BMW 4 Series | 430i | $47,595 | $548 | 87 |
| 30 | 2020 Mercedes C-Class | C 300 | $43,895 | $554 | 79 |
| 31 | 2020 Mercedes GLC | 300 | $43,995 | $577 | 76 |
My Recommendation for Car Shoppers
TrueCar, RydeShopper, and CarsDirect are the best 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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