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Luxury Lease Deals Under $500/mo

March 5, 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 $374 93
2 2019 Mercedes CLA 250 $35,895 $396 93
3 2020 Audi A3 2.0T Premium $34,895 $409 90
4 2020 Volvo XC40 T4 Momentum $34,695 $426 83
5 2020 Lexus NX 300 $38,185 $432 92
6 2019 Mercedes A-Class A 220 $34,045 $441 79
7 2019 BMW 2 Series 230i $38,895 $441 95
8 2020 Jaguar E-Pace P250 $39,950 $450 89
9 2019 BMW X1 sDrive28i $38,995 $451 90
10 2020 Audi Q3 45 Premium $35,695 $457 78
11 2019 Alfa Romeo Giulia Ti $42,040 $465 108
12 2020 Jaguar XE S P250 $41,900 $466 90
13 2019 BMW X2 sDrive28i $40,295 $471 91
14 2020 Land Rover Range Rover Evoque S $42,650 $475 90
15 2019 Audi A4 2.0T Premium $42,995 $477 93
16 2020 Cadillac XT5 Luxury $45,965 $478 112
17 2020 Cadillac XT4 Luxury $37,565 $484 97
18 2020 Lexus ES 350 $41,005 $489 93
19 2020 Volvo XC60 T5 Momentum $41,895 $513 82
20 2020 Land Rover Discovery Sport S $41,500 $514 81
21 2020 Lexus RX 350 $46,710 $518 105
22 2019 Mercedes C-Class C 300 $43,995 $519 85
23 2020 Audi Q5 45 Premium $44,295 $521 85
24 2019 Audi A5 Sportback 2.0T Premium $46,195 $526 100
25 2019 BMW 4 Series 430i $47,945 $528 97
26 2019 BMW X3 sDrive30i $43,045 $529 89
27 2019 BMW 3 Series 330i $44,145 $536 102
28 2019 Mercedes GLC 300 $42,945 $544 87
29 2020 Jaguar F-Pace Premium 25t $47,800 $548 87
30 2020 Lexus GX 460 Premium $57,365 $596 97
31 2019 Audi Q7 2.0T Premium $54,545 $606 90
32 2020 Volvo XC90 T5 Momentum $50,740 $621 84
33 2019 BMW 5 Series 530i $56,345 $622 97
34 2019 Audi A6 45 Premium $56,395 $635 100
35 2019 Mercedes E-Class E 300 $54,495 $652 85
36 2020 Land Rover Range Rover Velar S P250 $56,300 $659 85
37 2020 Cadillac CT6 Luxury $60,865 $661 112
38 2019 BMW X4 xDrive30i $52,995 $665 87
39 2020 Land Rover Discovery SE $52,300 $668 78
40 2020 Volvo S90 T6 Momentum $52,190 $671 78
41 2020 Lexus GS 350 F Sport $56,215 $684 84
42 2019 BMW X6 sDrive35i $66,245 $712 100
43 2019 Mercedes GLE 400 4MATIC $60,595 $793 76
44 2019 BMW 6 Series 640i xDrive Gran Turismo $73,545 $796 95
45 2019 Audi Q8 3.0T Premium $69,245 $843 84
46 2019 BMW X5 xDrive40i $63,395 $849 79
47 2019 Maserati Ghibli $76,475 $860 94
48 2019 Lexus LS 500 $76,628 $888 95
49 2019 BMW 7 Series 740i $86,345 $891 97
50 2020 Lexus LX 570 2-row $89,490 $914 99
51 2019 Mercedes GLS 450 4MATIC $74,975 $921 81
52 2019 Maserati Levante $77,475 $938 87
53 2020 Land Rover Range Rover Sport SE $68,650 $953 72
54 2019 Mercedes CLS 450 $71,695 $957 75
55 2019 BMW X7 xDrive40i $78,595 $1,012 82
56 2019 Audi A8 L 3.0T $84,795 $1,027 85
57 2019 Jaguar XJ R-Sport $76,000 $1,041 73
58 2019 Alfa Romeo Stelvio Quadrifoglio $81,590 $1,092 99
59 2020 Cadillac Escalade Luxury $85,965 $1,175 97
60 2019 Mercedes S-Class S 450 $97,245 $1,182 92
61 2020 BMW 8 Series 840i Gran Coupe $86,995 $1,195 92
62 2019 Maserati Quattroporte S $109,675 $1,255 87

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

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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