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Luxury Lease Deals Under $500/mo

November 28, 2019

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 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 or higher than 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 Lexus UX 200 $33,374 $384 89
2 2019 Mercedes CLA 250 $35,895 $396 93
3 2019 Land Rover Discovery Sport SE $37,990 $417 93
4 2019 BMW X1 sDrive28i $38,995 $428 93
5 2019 Mercedes A-Class A 220 $34,045 $431 80
6 2019 BMW X2 sDrive28i $40,295 $438 94
7 2019 Audi A3 2.0T Premium $34,645 $439 92
8 2020 Lexus NX 300 $39,735 $447 94
9 2019 Audi A4 2.0T Premium $38,395 $463 96
10 2020 Jaguar XE S P250 $41,900 $466 90
11 2019 Alfa Romeo Giulia Ti $44,040 $466 117
12 2019 Jaguar E-Pace S P250 $41,200 $470 88
13 2019 Lexus ES 350 $44,455 $470 95
14 2020 Volvo XC40 T4 Momentum $34,695 $472 76
15 2020 Land Rover Range Rover Evoque S $42,650 $475 90
16 2019 Audi Q3 2.0T Premium $37,295 $479 80
17 2020 BMW 2 Series 230i $38,895 $491 92
18 2019 Cadillac XT4 Premium Luxury $41,165 $515 80
19 2019 Mercedes C-Class C 300 $43,995 $519 85
20 2020 Volvo XC60 T5 Momentum $41,895 $521 82
21 2019 Mercedes GLC 300 $42,945 $524 87
22 2019 BMW X3 sDrive30i $43,045 $528 84
23 2019 Audi Q5 2.0T Premium $43,945 $529 92
24 2020 Lexus RX 350 $47,480 $533 101
25 2019 BMW 3 Series 330i $44,145 $535 102
26 2020 Jaguar F-Pace Premium 25t $47,800 $538 89
27 2019 Lexus GX 460 $56,920 $538 108
28 2019 Cadillac XT5 Luxury $50,365 $541 93
29 2020 BMW 4 Series 430i $47,595 $558 99
30 2019 Audi A5 Sportback 2.0T Premium $43,966 $565 96
31 2020 Volvo XC90 T5 Momentum $50,740 $598 85
32 2019 BMW 5 Series 530e $56,345 $609 97
33 2019 Lexus GS 350 F Sport $55,915 $616 94
34 2019 Land Rover Range Rover Velar S P250 $54,700 $620 88
35 2019 Audi A6 45 Premium $56,395 $649 100
36 2019 Land Rover Discovery SE $52,950 $649 82
37 2019 Audi Q7 2.0T Premium $54,545 $659 94
38 2019 Mercedes E-Class E 300 $54,495 $662 85
39 2019 Cadillac CT6 Premium Luxury $64,465 $668 97
40 2019 BMW X4 xDrive30i $52,995 $668 82
41 2020 Volvo S90 T6 Momentum $52,190 $713 73
42 2019 Mercedes GLE 400 4MATIC $60,595 $793 76
43 2019 BMW 6 Series 640i xDrive Gran Turismo $73,545 $797 95
44 2019 BMW X5 xDrive40i $63,395 $842 79
45 2019 BMW X6 sDrive35i $66,245 $842 100
46 2019 Lexus LS 500 $76,528 $875 92
47 2019 Audi Q8 3.0T Premium Plus $72,995 $886 90
48 2019 BMW 7 Series 740i $86,345 $894 106
49 2020 Land Rover Range Rover Sport SE $68,650 $895 77
50 2019 Lexus LX 570 2-row $89,340 $895 100
51 2019 Maserati Ghibli $76,475 $910 89
52 2019 Mercedes GLS 450 4MATIC $74,975 $921 81
53 2019 Mercedes CLS 450 $71,695 $957 75
54 2019 Audi A8 L 3.0T $86,795 $971 89
55 2019 Maserati Levante $77,475 $998 82
56 2019 BMW X7 xDrive40i $78,595 $1,020 81
57 2019 Jaguar XJ R-Sport $76,000 $1,041 73
58 2019 Alfa Romeo Stelvio Quadrifoglio $81,590 $1,074 107
59 2019 Cadillac Escalade Luxury $85,965 $1,152 75
60 2019 Mercedes S-Class S 450 $97,245 $1,182 92
61 2020 BMW 8 Series 840i Gran Coupe $86,995 $1,207 92
62 2019 Maserati Quattroporte S $109,675 $1,342 82

My Recommendation for Car Shoppers

TrueCar and Edmunds 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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