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Luxury Lease Deals Under $500/mo

January 30, 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 2019 Lexus UX 200 $33,374 $346 96
2 2019 Mercedes CLA 250 $35,895 $396 93
3 2019 BMW X1 sDrive28i $38,995 $422 92
4 2020 Volvo XC40 T4 Momentum $34,695 $426 83
5 2019 BMW 2 Series 230i $38,895 $431 95
6 2019 BMW X2 sDrive28i $40,295 $432 93
7 2020 Lexus NX 300 $38,335 $432 92
8 2019 Mercedes A-Class A 220 $34,045 $441 79
9 2020 Jaguar E-Pace P250 $39,950 $450 89
10 2019 BMW 3 Series 330i xDrive $47,395 $460 104
11 2020 Land Rover Range Rover Evoque S $42,650 $475 90
12 2020 Cadillac XT5 Luxury $45,965 $478 99
13 2020 Cadillac XT4 Luxury $37,565 $484 84
14 2020 Lexus ES 350 $41,380 $489 92
15 2020 Audi Q3 45 Premium $37,295 $489 79
16 2020 Jaguar XE S P250 $41,900 $495 85
17 2019 Alfa Romeo Giulia $41,840 $495 102
18 2019 BMW X3 sDrive30i $43,045 $500 90
19 2019 BMW 4 Series 430i $47,945 $509 97
20 2020 Volvo XC60 T5 Momentum $41,895 $513 82
21 2020 Land Rover Discovery Sport S $41,500 $514 81
22 2020 Lexus RX 350 $47,000 $518 105
23 2019 Mercedes C-Class C 300 $43,995 $519 85
24 2019 Audi A5 Sportback 2.0T Premium $46,195 $526 97
25 2020 Audi Q5 45 Premium $45,795 $537 91
26 2019 Mercedes GLC 300 $42,945 $544 87
27 2019 Audi A4 2.0T Premium $38,395 $559 91
28 2019 Audi A3 2.0T Premium $34,645 $569 90
29 2020 Jaguar F-Pace Premium 25t $47,800 $577 83
30 2020 Lexus GX 460 Premium $57,365 $596 97

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

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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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