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Luxury Lease Deals Under $500/mo

July 2, 2020

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 and RydeShopper 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 Lexus UX 200 $34,925 $384 95
2 2020 Lexus NX 300 $39,118 $413 97
3 2020 Audi A3 2.0T Premium $34,895 $429 86
4 2020 Mercedes A-Class A 220 $34,345 $441 79
5 2020 BMW 2 Series 228i xDrive Gran Coupe $40,745 $460 90
6 2020 Lexus ES 350 $41,290 $460 93
7 2020 Cadillac XT4 Luxury $37,565 $464 81
8 2020 Audi Q3 45 Premium $35,695 $468 76
9 2019 Audi A4 2.0T Premium $42,995 $477 92
10 2020 Mercedes CLA 250 $39,295 $484 81
11 2020 BMW X2 sDrive28i $40,295 $503 85
12 2020 Cadillac XT5 Luxury $45,965 $509 90
13 2020 Mercedes GLB GLB 250 $39,795 $511 79
14 2020 Volvo XC60 T5 Momentum $41,895 $513 82
15 2020 BMW X1 sDrive28i $39,595 $516 78
16 2020 Lexus RX 350 $47,315 $518 98
17 2020 BMW 4 Series 430i Gran Coupe $47,395 $528 91
18 2020 Alfa Romeo Stelvio $44,695 $534 106
19 2020 BMW X3 sDrive30i $43,995 $542 85
20 2020 BMW 3 Series 330i $44,645 $545 84
21 2020 Mercedes C-Class C 300 $43,895 $554 79
22 2020 Audi Q5 45 Premium $44,295 $558 85
23 2020 Audi A5 Sportback 2.0T Premium $45,395 $592 91

My Recommendation for Car Shoppers

TrueCar and RydeShopper 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

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
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Gregg Fidan

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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