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Luxury Lease Deals Under $500/mo

September 26, 2019

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 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 or higher than 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 Mercedes CLA 250 $35,895 $396 93
2 2019 Jaguar XE 25t $36,995 $398 97
3 2019 Lexus UX 200 $33,374 $403 83
4 2019 BMW X1 sDrive28i $38,995 $428 93
5 2019 BMW X2 sDrive28i $40,295 $428 96
6 2019 BMW 2 Series 230i $38,895 $431 95
7 2019 Land Rover Discovery Sport SE $37,990 $436 90
8 2019 Mercedes A-Class A 220 $34,045 $441 78
9 2019 Audi A3 2.0T Premium $34,645 $449 88
10 2020 Lexus NX 300 $38,443 $452 90
11 2019 Audi A4 2.0T Premium $38,395 $463 90
12 2019 BMW 3 Series 330i xDrive $47,395 $468 104
13 2019 Lexus RX 350 $45,235 $471 106
14 2019 Lexus ES 350 $40,969 $480 87
15 2019 Cadillac XT5 Standard $43,565 $481 91
16 2020 Volvo XC40 T4 Momentum $34,695 $482 75
17 2019 Audi Q3 2.0T Premium $37,295 $489 78
18 2019 Alfa Romeo Giulia Ti $42,040 $493 94
19 2019 Cadillac XT4 Premium Luxury $41,165 $495 83
20 2019 Jaguar E-Pace S P250 $41,200 $499 83
21 2020 Land Rover Range Rover Evoque S $42,650 $504 85
22 2019 BMW X3 sDrive30i $43,045 $508 87
23 2019 BMW 4 Series 430i $47,945 $518 97
24 2019 Lexus GX 460 $56,570 $518 109
25 2019 Mercedes C-Class C 300 $43,995 $519 85
26 2019 Jaguar F-Pace Premium 25t $47,250 $528 89
27 2019 Cadillac CTS Standard $48,865 $530 92
28 2019 Mercedes GLC 300 $42,945 $535 86
29 2019 Audi Q5 2.0T Premium $43,945 $549 84
30 2019 Volvo S90 T5 Momentum $49,740 $561 89
31 2019 Volvo XC60 T5 Momentum $41,545 $573 78
32 2019 Cadillac ATS Luxury $44,665 $590 76

My Recommendation for Car Shoppers

TrueCar and Edmunds 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

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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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