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Luxury Lease Deals Under $500/mo

November 23, 2018

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

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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