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Luxury Lease Deals Under $500/mo

December 31, 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, 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 Lexus UX 200 $34,115 $374 91
2 2020 Audi A3 2.0T Premium $34,895 $379 92
3 2020 Cadillac XT4 Luxury $37,565 $392 96
4 2020 Cadillac CT4 Premium Luxury $39,365 $409 96
5 2020 Lexus NX 300 $39,083 $413 95
6 2020 Jaguar XE S P250 $39,900 $417 96
7 2020 Land Rover Range Rover Evoque S $42,650 $427 100
8 2020 Lexus ES 350 $41,290 $431 96
9 2021 Volvo XC40 T4 Momentum $34,695 $432 80
10 2020 Mercedes A-Class A 220 $34,345 $441 78
11 2021 Audi Q3 45 S line Premium $38,795 $443 88
12 2021 BMW 2 Series 228i xDrive Gran Coupe $40,195 $450 89
13 2020 Alfa Romeo Giulia $40,695 $473 86
14 2020 Cadillac CT5 Luxury $38,765 $475 82
15 2020 Cadillac XT5 Luxury $45,965 $476 96
16 2020 Mercedes CLA 250 $39,295 $484 81
17 2020 Jaguar E-Pace SE P250 $43,700 $489 89
18 2021 Audi A4 40 Premium $41,945 $489 86
19 2020 BMW X2 sDrive28i $40,295 $493 82
20 2020 Land Rover Discovery Sport S $41,500 $495 84
21 2021 Audi Q5 45 Premium $45,495 $507 90
22 2020 Mercedes GLB GLB 250 $39,795 $512 78
23 2020 BMW X1 sDrive28i $39,595 $513 77
24 2020 Jaguar F-Pace Premium 25t $47,800 $518 92
25 2021 Volvo XC60 T5 Momentum $43,445 $519 84
26 2021 Lexus RX 350 $48,845 $528 92
27 2020 BMW X3 sDrive30i $43,995 $542 81
28 2020 Mercedes C-Class C 300 $43,895 $544 81
29 2020 BMW 3 Series 330i $44,645 $545 82
30 2020 BMW 4 Series 430i $47,595 $548 87
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

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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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