All You Need To Know About Best Luxury Car Lease Offers, Affordable Deals and Rates

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.

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.

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.

luxury car lease

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.

  • Capitalized cost

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.

  • Out-of-pocket costs

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.

  • Residual value

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.

  • Payoff balance

This is the money you need to pay if you want to stop a lease before its official end.

  • Mileage limit

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

  1. 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).
  1. 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).

Best Luxury Car Lease Offers – Summary!

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.