So you are looking for a luxury car to lease? One that is not too expensive to lease, like monthly rates under 400 or even under 300? If yes, then sit tight for your mind is about to get blown.
In this article, you will discover the best luxury car lease deal for you. You will also learn important information about the best car lease deals.
This information will help you to decide whether to lease a luxury car and how to go about it. Very popular in United States of America, in most town and cities including, Miami, Houston, Los Angeles, Atlanta, NJ, Washington DC, NYC.
Top 20 Best Luxury Car and SUV Lease Deals
After a lot of research, we settled on the following lease deals for luxury cars and SUVs:
2021 Land Rover Range Rover Velar
The Range Rover Velar is a luxury SUV that sits between the Range Rover Sports and Evoque allowing you to drive one of the most exciting luxury vehicles. It comes with great features such as a stylish 19-inch, Meridian Sound System, and five-spoke wheels.
It has a roomy luxurious interior, designed with comfort in mind. The vehicle has a Manufacturer Suggested Retail Price (MSRP) of $61,615. Leasing this SUV will cost you $699 per month for 36 months.
2021 Chevrolet Corvette Stingray
The Chevrolet Corvette Stingray sports car can accelerate from zero to 60 as it features a 6.2-liter V8. Chevy has an MSRP of $75295, a $0 down payment, and a limit of 12,000 miles per lease. The monthly lease amount of the luxury car comes to about $808 per month.
RELATED: View Mercedes Benz C300 Rental Here!
2021 BMW X5 xDrive40i
The X5 is the first SUV from BMW and the company refers to it as an SAV (Sports Activity Vehicle). The three-row crossover is performance-oriented and capable.
The lease agreement of the SUV has an allowance of 10,000 miles at a rate of $779 per month for 36 months and with $4,999 due upon signing. If you drive more than 10,000 miles per year, you will pay $925.35 per month.
2021 Volvo S60
The Volvo S60 T5 FWD has one of the most affordable leasing options in 2021. This even though it has a 250 hp, four-cylinder direct-injected turbocharged engine.
The monthly lease of the vehicle is $359 per month for 36 months with a down payment of $3,629. The vehicle’s MSRP starts at $37,000.
2021 Cadillac Escalade
The 2021 Cadillac Escalada lease offers great value for money. For a term of 36 months with an annual allowance of about 10,000 miles, the monthly repayment is usually $1,079 per month for 36 months. With the escalade being one of the luxury SUVs, this is a good deal.
2021 Infiniti QX80
This Infiniti QX80 is a luxury SUV that combines the dynamics of smooth riding with high-tech infotainment systems, a great fit, and a finish inside out.
Besides, it has a 39-month lease agreement with no down payment. The lease of $799 per month for 36 months, and a $7,199 down payment is a good bargain.
2021 Land Rover Range Rover Sport
The 2019 Land Rover Range Rover Sport is a luxury on-road SUV that offers unmatched off-road prowess. With luxurious and convenient features and technology that improves travel in different conditions and surfaces, it is worth considering.
The monthly annual lease price for the SUV is $1097 per month for 36 months with a mileage limit of 15,000.
RELATED: View Best Luxury Car Lease Deals Here!
2021 Audi SQ5
The 2019 Audi SQ5 is an upgrade from the previous SQ5 models and comes with various upgrades such as the part steering assist and adaptive cruise control.
The lease price is $529 per month for 36 months with a limit of 10,000 miles per year.
2021 Jaguar F-Pace
According to their website, the Jaguar F-Pace is a performance SUV that has the DNA of a sports car. The SUV can be a bargain through a variety of lease deals, packages, and options.
On average, the lease price of the car is $807 per month for 36 months with $2,000 due at signup and an annual mileage limit of 12,000.
RELATED: View Bentley Rental Price and More Here!
2021 Cadillac CT6
The 2019 Cadillac CT6 boasts of a wide range of luxury features such as heated front seats that can be adjusted in 16 ways, and Bose ten-speaker surround sound system.
The lease term of the luxury car is 42 months with a limit of 10,000 miles. You will pay $1,279 per month for the lease deal.
2021 Alfa Romeo Stelvio
The Stelvio is a compelling SUV that has sharp steering and great handling. It has a powerful engine and distinctive styling that will help you stand out from the crowd.
If you opt to buy this SUV, it will cost $42,745 as that is its MSRP. However, its lease price is $349 per month for 24 months. You will be required to pay $4,699 upon signing.
2021 Jaguar E-PACE
If you need a small SUV that offers you enough fun, you may want to consider the 2021 Jaguar E-PACE. The sedan boasts of a turbocharged engine that provides it with great power, a spacious interior, and a striking design.
The car that has a great mix of standard and luxury features has an MSRP of $50,995. It has a monthly lease price of $559 for 36 months. You will need to pay $3995 upon signing.
2021 Mercedes-Benz GLB-Class
Just like the name suggests, the 2020 Mercedes-Benz GLB-Class is a subcompact sedan that lies between the GLA and the bigger and more expensive GLC. Its upright boxy shape that looks like the bigger and more expensive G-class makes it unique.
It has ample space for both passengers and cargo and a great overall performance. It has an MSRP of $40,850. The lease price of the car is $439 per month for 36 months. On signup, you are supposed to pay an amount of $4,263.
2021 Porsche Cayenne
This is one of the SUVs that has can rival a high-performance sports car when it comes to handling and acceleration.
With a coupe body style, the Porsche Cayenne is among the beautiful SUVs. It has an MSRP of $77,550. The monthly Lease Price is $849 per month for 36 months. You will be required to pay $6819 upon signup.
RELATED: Read about luxury car rental – Las Vegas!
2021 Volvo XC40
This is a sedan that packs a lot of great features in a small space. Just like its predecessors, it has great safety and entertainment technology features such as a big touch screen infotainment, leather upholstery, and an optional 248-horsepower engine that can be put on 4-wheel drive.
Buying this car will set you back $34,795. Its lease price is $385 per month for 36 months. You will need to pay $3865 upon signup.
2021 Acura TLX
This is a great leasing choice as it comes with many standard safety features and driver’s aid. It has a great sound quality from an optimal ELS audio system.
The car has a recommended selling price of $38,545. The lease price is $369 per month for 36 months. A down payment of $3899 is required at signing.
2021 Alfa Romeo Giulia
This is a sedan that features a turbocharged engine that provides it with high performance and excellent handling.
It also has a beautiful interior and an easy-to-use infotainment system. The car has an MSRP of $42,949. The monthly lease price is $319 for 2 years. There is a down payment of $5,601 upon signup.
2021 Porsche Panamera
This sedan features a V6 or V8 engine (for hybrid models) that provides it with strong acceleration. This also enables it to handle like a sports car and not a large sedan.
The interior of the car is designed with the latest technology. It has an MSRP of $100,400. Leasing it will cost you $1049 per month for 3 years. On sign-up, you will be required to pay $12,119.
2021 BMW i3
This is a unique sports car that is also electric. It features a lightweight chassis that makes it nimble and quick. It also has a well-made interior that provides with distinctive style.
Buying the car will cost you $47,395 while its lease price is $299 per month for 3 years. You will need to pay $3,999 upon signup.
2021BMW 4 Series
The BMW 4 Series is a comfortable and engaging sports coupe that has a 4 cylinder engine, providing it with responsive acceleration.
It also has roomy cargo space and an iDrive infotainment center. Buying the car will cost you $48,045 as compared to the lease price of $509 per month for 3 years and $3,999 upon signup.
What luxury brands lease the best?
The best luxury brands to lease are Mercedes Benz and BMW. This is because they are very reliable and unlikely to break down.
What car can I lease for 400 a month?
You can lease a variety of cars for $400 a month. These include the Acura TLX, the BMW i3, the Cadillac SRX, Infiniti QX50, BMW 328i, the Lincoln MKX, and the Mercedes Benz C300.
What SUV can I get for 400 a month?
For $400 a month, you can get SUVs such as the KIA Sportage, the Mazda CX-5, the Ford Edge, the 2021 Subaru Outback, the 2021 VW Tiguan, the 2021 Fiat 500X, Honda CR-V, Nissan Pathfinder, and the 2021 Jeep Cherokee.
What are the best car lease deals right now?
The best car lease deals right now start from as low as $330 a month for new cars such as the 2021 Toyota Prius Prime, the 2021 RAM ProMaster City, the 2021 KIA Niro, and the VW Tiguan.
What is a luxury car lease deal?
A luxury car lease deal is an agreement that gives you ownership/ control of a luxury car for a specified period in exchange for a fixed monthly payment.
Getting into such an agreement will allow you to “own” a luxury car for a specified period. In other words, it will allow you to drive a cool and exotic car for some time as if it is yours.
Like many other leases, luxury car lease deals expire. When this happens, you will have to return the car to the leasing company. Read how to lease a car online in United States!
When is it right to take a luxury car lease deal?
There is no right time to take a luxury car lease deal and special offers.
This is because the deals generally require you to pay higher monthly payments than normal car lease deals. This is because luxury cars are more expensive than normal cars.
Owning or leasing a luxury car is more of a luxury than a need. It always the right time to take a luxury car lease deal if you:
- Love prestige
- Know you can afford the monthly payments
- Want to “own” a new luxury car every few months
- Do not drive more than 12,000 miles every year
- Can keep a car clean and free of scratches, stains, and dents.
Remember, if you frequently drive thousands of miles every year, it is not a good idea to take a luxury car lease deal as you will most likely drive over the maximum mileage and, therefore, you will have to pay more.
Also, if you cannot maintain a car in good condition, it is a bad idea to take a luxury car lease deal as the car will likely be in bad condition when you return it, which means you will face penalties.
How car leasing works
A car leasing works similarly to the Business Contract Hire (BCH) except that it includes VAT. You pay an advance rental deposit, choose the annual mileage, and contract length, and then you pay a monthly fee for the period of the agreement. After the contract ends, you give back the car.
As compared to the Personal Contract Purchase (PCP), car leasing is usually easier and has lower monthly payments. This is why in the recent past; there has been an increase in the popularity of leasing deals.
The growth in popularity has also seen an increase in competition between manufacturers. This offers buyers an option to choose from many great deals.
Benefits of Leasing a luxury car over buying
There are several reasons you should consider leasing a luxury car over buying. These include:
Lower monthly installments
If you choose to lease a car over buying it, you will pay lower monthly installments. Instead of paying for the whole value of the car, you will only pay for the value it loses.
Opportunity to drive the latest car
Most leases go for two to three years. This means after the lease period is over, you will get an opportunity to drive the latest model with up-to-date safety technology.
Helps prepare for the future
If you are unsure of the car you will need in the future, you can consider leasing. For instance, if you plan to have kids in the future and aren’t sure if to go for a crossover or a minivan, you can lease a vehicle as you prepare for the future.
Otherwise, if you buy a car now you might need to dispose of it in the future to get a bigger one.
Factors to consider when leasing a luxurious car
You will need to consider the:
- Down payment. This is the amount you will be required to put down upon signup.
- Residue value. Choose cars with low depreciation and high residue value as they lower the lease cost.
- Estimated interest rate. This is the interest you will pay on the lease and depends on your credit score.
- Lease term. How many months will the lease last? This is key as it will determine your monthly repayment.
- Total lease cost. Don’t focus only on the monthly repayment. Consider the total lease cost.
- Monthly payment. This is what you pay every month to lease the car.
Should you take a luxury car lease deal or just buy a cheapish car?
Many people ask this question because the monthly payment for a luxury car lease deal is sometimes just about the same price as the monthly payment needed to pay for a standard car.
For example, it costs about $350 a month to lease a luxury BMW 320i and about $400 a month to buy a Honda Accord. Of course, you will have to return the luxury car.
To some people, the above statement is an eye-opener and they will opt to buy a standard car instead of renting one. If this is you, good luck.
However, if you want to experience maximum luxury and the power of a car built to perform, you should take a luxury car lease deal. Because it would allow you to drive off with a powerful car and use it as if you own it.
Normally, the monthly payment you pay for a luxury car lease is inclusive of tax, servicing, and breakdown.
In other words, you do not have to pay more to service your vehicle. You simply need to take it to a designated service center every few months for it to get a total service for free.
Commonly Used Terms in Luxury Car Lease Deal
It is important to know the commonly used terms in Luxury car lease deals. This will help you to understand lease agreements better and to quickly notice bad deals when you read them.
This cost is shortened as cap cost. It is the initial value put on financing. It is usually equal to the price of the car you are leasing if you are buying it new after negotiating its sticker price.
These are the costs you need to settle before you take the car you want to lease. For luxury vehicles. The costs usually include cap cost reduction, the 1st month’s payment, security deposit, taxes, and various fees. These costs often amount to about $3,000.
Acquisition cost/ fee
This is the processing fee that the leasing company charges. It is usually a payment for the company to get the car from the manufacturer. The amount is often around $800.
This is the amount of money the car you want to lease will be predicted to be worth when the lease ends. If the vehicle is worth more than the expected residual value, it is great to buy it. If it is worth less, it is best to leave it alone.
This is the money you need to pay if you want to stop a lease before its official end.
This is the maximum mileage limit you are allowed to drive every month/ year for the lease period. If you drive more than the mileage limit, you usually have to pay a fine for extra mile driven.
Best Luxury Car Lease Deals 2020
Best Luxury Car and SUV Lease Deals
Below are the best luxury SUV lease deals 2020. They are offered by different lease financing companies. The amounts indicated are just approximations.
- 2020 Acura MDX (Due at signing: $3,500 Monthly Payment: $380).
- 2021 Acura RDX (Due at signing: $2,800 Monthly Payment: $370).
- 2021 BMW X5 (Due at signing: $5,000 Monthly Payment: $800).
- 2020 INFINITI Q60 (Due at signing: $5,080 Monthly Payment: $400).
- 2020 Jaguar E-PACE (Due at signing: $4,000 Monthly Payment: $390).
- 2020 Land Rover Discovery (Due at signing: $4,500 Monthly Payment: $600).
- 2020 Mercedes Benz GLE-Class (Due at signing: $4,800 Monthly Payment: $720).
Best Luxury Car Lease Deal – Under $400, Under $300
Below are the best luxury car lease offers and deals. They are offered by different lease financing companies. The amounts indicated are just approximations.
Please note that most of the deals are considered the top luxury car leases under $350 in 2020. In other words, they are the best luxury car deals.
- 2020 Alfa Romeo Giulia (Due at signing: $4,600 Monthly Payment: $340).
- 2021 Infiniti Q50 (Due at signing: $5,300 Monthly Payment: $330).
- 2020 Jaguar XE (Due at signing: $3,500 Monthly Payment: $340).
- 2020 Mercedes Benz A-Class (Due at signing: $3,700 Monthly Payment: $350).
- 2020 Volvo S60 (Due at signing: Zero Monthly Payment: $330).
- 2020 Land Rover Discovery (Due at signing: $4,500 Monthly Payment: $600).
- 2020 Mercedes Benz GLE-Class (Due at signing: $4,800 Monthly Payment: $720).
RELATED: View luxury car rental in Miami guides!
Common Questions about Luxury Auto Lease
What can I lease for 350 a month?
Vehicles that you can lease for $350 include the 2020 Dodge Grand Caravan, the 2020 Honda Accord Hybrid, the 2021 FIAT 500X, the 2021 Acura ILX, the 2020 Nissan Frontier, the 2020 Dodge Charger, the 2020 FIAT 124 Spider, and the 2020 Subaru WRX.
Is it better to lease luxury cars?
Yes, it is because it allows you to drive whatever luxury car you want to drive without having to pay tens of thousands of dollars to own it.
RELATED: View cash car rentals in USA!
What car can I get cars to lease for 300 a month?
You can get a car for $300 a month from Edmunds.cars to lease for 300 a month
What is the cheapest lease out there?
You can lease vehicles such as the 2021 Hyundai Kona, the 2020 Chevrolet Trax, the 2021 Toyota Corolla, and the 2020 Hyundai ELantra for as little as $200 monthly.
Which luxury car has the best lease deal?
Luxury cars with the best deals include the 2021 Mercedes-Benz A Class at $369 monthly, the 2021 BMW 2 Series at $339 monthly, and the 2021 Lexus NX for $349 a month.
Which month is best to lease a car?
December is the best month to lease a car because most car dealers usually have discounts during the month
What SUVs can I lease for 300 a month?
The 2021 Subaru Crosstrek Base with CVT, the 2021 Kia Niro Plug-In Hybrid LX, the 2021 Subaru Crosstrek Base with CVT, the 2021 Kia Niro Plug-In Hybrid LX, the 2021 Chevrolet Blazer 2LT V6 (GM/Non-GM Lessees), and the 2021 Chevrolet Blazer 1LT (GM/Non-GM Lessees).
What are the cheapest cars to lease?
The 2021 Kia Forte LXS, the 2021 Subaru Impreza 2.0i Sedan w/ CVT, and the 2021 Hyundai Accent SE w/ Automatic. They each cost less than $180 per month to lease.
RELATED: Read about luxury car rental Los Angeles!
How much does it cost to lease a luxury car?
It costs between $3000 and $5,000 a month to rent a true luxury car.
Best Luxury Car Lease Offers – Summary!
Leasing a luxurious car comes with great benefits as compared to buying one. All you will need to start leasing a car is one to two thousand dollars during signup.
Some leases don’t even require a down payment. This is unlike financing a car where you will be required to put a down payment of about 20%. If you are searching for the best lease deal on a luxury car in 2021, you may want to consider one of the above 20 options.
You now know all you need to know about luxury car lease deals. You also know the common luxury car lease terms, the best luxury car and SUV deals at under 400 and under 300, and best luxury car lease deals or buy?
You are now more informed about this than the average man on the streets.