Luxury Lease Deals Under $500/mo

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, CarsDirect 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 Mercedes CLA 250 $35,895 $396 91
2 2020 Audi A3 2.0T Premium $34,895 $399 87
3 2019 Mercedes A-Class A 220 $34,045 $407 84
4 2020 Cadillac XT4 Luxury $37,565 $411 91
5 2020 Lexus UX 200 $34,925 $412 85
6 2020 Volvo XC40 T4 Momentum $34,695 $426 81
7 2019 BMW X1 sDrive28i $38,995 $431 90
8 2020 Lexus NX 300 $39,208 $432 91
9 2019 BMW X2 sDrive28i $40,295 $441 91
10 2020 Jaguar E-Pace P250 $39,950 $450 89
11 2020 Cadillac XT5 Luxury $45,965 $457 101
12 2020 Cadillac CT4 Luxury $34,865 $457 76
13 2020 Cadillac CT5 Luxury $38,765 $465 83
14 2020 Jaguar XE S P250 $39,900 $466 86
15 2020 Land Rover Range Rover Evoque S $42,650 $475 90
16 2019 Alfa Romeo Giulia $41,840 $478 88
17 2020 Audi A4 40 Premium $39,895 $479 83
18 2020 Lexus ES 350 $41,005 $480 86
19 2020 BMW 2 Series 230i $38,895 $489 79
20 2020 Audi Q3 45 Premium $37,295 $489 76
21 2020 Lexus RX 350 $46,710 $509 92
22 2019 BMW X3 sDrive30i $43,045 $509 85
23 2020 Mercedes GLB GLB 250 $39,795 $511 78
24 2020 Volvo XC60 T5 Momentum $41,895 $513 82
25 2020 Land Rover Discovery Sport S $41,500 $514 81
26 2019 Audi A5 Sportback 2.0T Premium $46,195 $526 88
27 2019 BMW 3 Series 330i $44,145 $536 82
28 2019 Mercedes GLC 300 $42,945 $544 79
29 2020 Mercedes C-Class C 300 $43,895 $544 81
30 2020 Jaguar F-Pace Premium 25t $47,800 $548 87
31 2020 BMW 4 Series 430i $47,595 $548 87
32 2020 Audi Q5 45 Premium $46,545 $557 84
33 2019 Audi A6 45 Premium $56,395 $566 100
34 2020 Lexus GX 460 Premium $58,435 $596 98
35 2021 Jaguar XF SE P250 $47,095 $604 78

My Recommendation for Car Shoppers

TrueCar No-Haggle, CarsDirect, and Ryde Shopper 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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About The Author

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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