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Luxury Lease Deals Under $500/mo

October 29, 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 Cadillac XT4 Luxury $37,565 $370 102
2 2020 Lexus UX 200 $34,115 $374 91
3 2020 Audi A3 2.0T Premium $34,895 $429 81
4 2021 Volvo XC40 T4 Momentum $34,695 $432 80
5 2020 Lexus NX 300 $40,703 $432 94
6 2020 Jaguar XE S P250 $39,900 $436 91
7 2020 Cadillac CT4 Luxury $34,865 $437 80
8 2020 Mercedes A-Class A 220 $34,345 $441 78
9 2020 Cadillac CT5 Luxury $38,765 $446 87
10 2020 Audi A4 40 Premium $39,895 $449 89
11 2020 Cadillac XT5 Luxury $45,965 $456 101
12 2020 Lexus ES 350 $41,290 $460 90
13 2020 BMW 2 Series 228i xDrive Gran Coupe $40,745 $460 89
14 2020 Mercedes CLA 250 $39,295 $484 81
15 2020 Land Rover Range Rover Evoque SE $47,200 $485 97
16 2020 Jaguar E-Pace SE P250 $43,700 $489 89
17 2020 BMW X2 sDrive28i $40,295 $493 82
18 2020 Land Rover Discovery Sport S $41,500 $495 84
19 2020 Audi Q3 45 Premium $37,295 $499 75
20 2020 BMW X1 sDrive28i $39,595 $513 77
21 2020 Alfa Romeo Giulia $42,695 $515 83
22 2020 Jaguar F-Pace Premium 25t $47,800 $518 92
23 2021 Volvo XC60 T5 Momentum $43,445 $519 84
24 2020 Mercedes GLB GLB 250 $39,795 $521 76
25 2020 Lexus RX 350 $50,020 $538 93
26 2020 BMW X3 sDrive30i $43,995 $542 81
27 2020 BMW 3 Series 330i $44,645 $545 82
28 2020 Audi Q5 45 Premium $46,545 $547 85
29 2020 BMW 4 Series 430i $47,595 $548 87
30 2020 Mercedes C-Class C 300 $43,895 $554 79
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

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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