Luxury Car Lease: Best Deals in 2021 [+Bonus Tip]

Are you looking to lease a car? Great. How about a nice one? Awesome. You’ve come to the right place.

Contrary to popular belief, a luxury car lease can be a great way to save… If you know what you’re doing of course.

But, you don’t want to spend hours at the dealership. Trust us, we get it! That’s why we’ve put together a list of top luxury leases for you to check out. We’ve also equipped you with some baseline numbers so you have an idea of what to look for.

Luxury leasing is becoming ever more popular. Let’s be honest, riding in a new car every 24, 36, or 39 months can feel pretty great. Also, removing the headache or maintenance or upkeep can also be invigorating.

Why Lease a Luxury Car?

Some luxury vehicles even lease better than their traditional non-luxury competitors.

Why?

This all comes down to residual value. What is residual value, you ask?

Residual value is the final value of the car at the end of the lease. The residual value has a direct relationship with the monthly payment for your lease.

Pro Lease Tip: Leasing a vehicle is NOT solely based on the MSRP. For example, A $60K Ford may lease worse than a $60K Lexus if the residual value is more favorable on the Lexus.

There are many factors that determine the monthly lease price of a vehicle (more on this below).

Residual value, MSRP discount, and money factor rate all have far more impact than just MSRP alone.

What’s the point you ask? Don’t let high vehicle MSRP deter you from leasing the model you want! You may have more negotiating room than you think.

Alright, so now you’ve had a little background on how leasing works, let’s dive into the vehicles.

We’ve put together a list of the top leases in 2021, as recorded by our lease expert, plus one bonus leasing tip.

You might want to check out our other car-related posts on Jeep Leases, Down Payments, and most importantly, Money Factor Rate.

Let’s dive in!

2020 BMW 530i xDrive [Last year inventory]

Sharp-looking, classy, and super sporty sedan with clean lines and a premium interior. This will have your friends jealous and business partners impressed for around $360 per month

2020 BMW 530i xDrive
Image Source: JD Power

MSRP: $113,000
Estimated Monthly Payment: $975
Estimated Down Payment: $2,000
Estimated Maximum MSRP Discount: 17%
Residual Value: 54%


2021 BMW 750i xDrive

The “king” of luxury. Ultimate class and comfort ride. This large-style sedan valued over $100k is an absolute bargain lease for under $1K per month. 

2021 BMW 750i xDrive
Image Source: Group 1 Auto

MSRP: $113,000
Estimated Monthly Payment: $975
Estimated Down Payment: $2,000
Estimated Maximum MSRP Discount: 17%
Residual Value: 54%


2021 Mercedes Benz GLC300 [Our Favorite]

A personal favorite on the list. Hands down the best luxury SUV for the price. Ultra-sporty, superior comfort, and an impeccable interior all while piling on the gas savings in the V4 turbo for under $500 per month. 

2021 Mercedes Benz GLC300
Image Source: Mercedes-Benz of Portland

MSRP: $45,920
Estimated Monthly Payment: $423 + tax
Drive-Off Amount: $2,360.89 + MSD
Term: 36/10K miles a year
Money Factor: 0.00103 (0.00033 after MSD)
Residual Value: 57%
Additional Incentives Available: $1,000 (Fleet)


2021 Lexus RX350 F Sport

Super-sleek SUV with an aggressive front end and sporty feel. A decent ride and interior for a moderate cost of around $600/month. F Sport models continue to impress, but are they worth paying more than the GLC above? We’ll leave that up to you to decide. You can’t go wrong either way.

2021 Lexus RX350 F Sport
Image Source: JD Power

MSRP: $48,795
Payment: $621+ tax without MSDS (Does NOT include Lexus loyalty)
Payment: $593 + tax without MSDS w/ Lexus Loyalty
Estimated Down Payment: $2,000
Term: 36 months
Miles per year: 10,000


2021 Range Rover Sport HSE [February deal]

Not the best-priced lease on the list, but for you Range Rover fans, this is by far the best lease available among their vehicles. It’s rare to find any Rover leasing under $1K per month and this comes close to it. Not too shabby for an $83K MSRP price tag. 

2021 Range Rover Sport HSE
Image Source: Land Rover Fort Myers

MSRP: $83K
Estimated Monthly Payment: $1025 plus tax
Estimated Down Payment: $5000
Term: 39 months (36 months available slightly higher payment)
Miles per year: 12,000


2021 Porsche Taycan


Not a fan of four-door Porsches? Just wait until you see the 2021 Taycan. One of the sleekest electric sports sedans on the market. Most EVs don’t lease well, however, you’ll be surprised with the lease numbers for 2021. Want to put your neighbor’s Tesla to shame? You’ve come to the right place just around $1k/month lease cost. Not to mention all the gas money you’ll save.

2021 Porsche Taycan
Image Source: PG&E

MSRP: $91,000
Estimated Monthly Payment: $1,085
Estimated Down Payment: $3,900
Estimated Lease Term: 42 months
Annual Mileage: 7,500


2020 Infiniti Q50 Pure 3.0t [Last year inventory]

Small sedan luxury feel at non-luxury prices. Smooth riding and well-designed interior make this a top choice for under $350/month. It might be hard to find any leftover 2020 models, but it’s highly recommended at this price.

MSRP: $37,425
Estimated Monthly Payment: $349+ tax
Estimated Down Payment: $2,000
Term: 39 months
Miles per year: 10,000


2020 Infiniti QX60 Pure [Last year inventory]

Incredible large luxury SUV for under $350 a month. Need to fit extra family members? No problem. Extra skis and camping gear? Easy. All while maintaining a very luxurious ride and interior, this is a no brainer luxury SUV lease for under $350 per month.

2020 Infiniti QX60 Pure
Image Source: JD Power

MSRP: $45,345
Payment: $348 +tax
Due at signing: $2,000
Term: 39 months
Miles per year: 10,000
Additional rebates available: Loyalty & VPP


2021 Audi S5 Sportback Premium Plus

Talk about a “heading turning” vehicle. The rims alone will knock your socks off. The S5 is designed for the ultimate sports car enthusiast in mind. Superior exterior and a clean interior with the horsepower to back it up. It’s rare to see such a high residual on such a sporty model. Don’t miss out on this deal for under $700/month. Audi’s historically don’t lease well. 

MSRP: $66,825
Monthly Payment: $658 w/ Tax
Drive-Off Amount: $2,652
Selling Price: $60,000
Term: 36 months
Annual Mileage: 7,500
Money Factor: 0.00156
Residual: 58%
Incentives: $0


2021 Audi SQ5 Premium Plus

0-60 in 4.7 seconds and 155 (maximum) MPH makes this one of the fastest luxury SUV leases available. Not to mention the SQ5 is equipped with all-wheel drive and a super stylish large black grill with eye-catching wheels. This makes for a true head-turner at a reasonable lease model on a $61K vehicle.

2021 Audi SQ5 Premium Plus
Image Source: JD Power

MSRP: $61,890
Estimated Monthly Payment: $605 (before taxes)
Estimated Down Payment: – $605 (+ tax, tags, fees, etc.)
Selling Price: $55,982 (9.5% off)
Term: 36 months
Annual Mileage: 10k
Money Factor: .00008 (.19%)
Residual Value: 58%


Leasing Factors

Please note: All lease deals will vary slightly depending on the following factors:

Bonus Tip: Ask the dealership what the overage cost per mile is.

Usually, the lender will charge anywhere from .10 to .50 cents per overage mile on the lease contract. This is heavily dependent on the vehicle and lending organization (not the dealership). If the lease contract is favorable to overage miles (example -contract charges under .20 cents/mile) you may want to think about throttling down the miles to 7,500/year and just paying the overage charges at the end of the lease. Here’s why below:

For example, you have .15 cents per mile overage charge and you select 7,500/year, but end up driving 9,500/year.

This would be 2,000 per year over, with a 3-year lease, that’s 6,000 over the lease.

6,000 miles total overage charged at .15 cents per mile comes out to only $900.

Break that $900 down on a 3-year lease (36 months), that’s only $25 more a month.  Now, ask the dealership to provide numbers on the same vehicle leased at 10,000 miles per month.  

Is 7,500 miles per year the same as 10,000 per year + $25?  Usually, it’s not.

This also works well because if you end up driving less than your lease, you never get your money back; however, if you lease with lower miles, you are essentially paying for exactly how much you use the car.

Also, most dealerships incentivize early lease trade-ins (3-months prior to lease contract end date) to start a new lease.

We’ve also seen dealerships eat the overage miles if you lease a second (or third) vehicle from them.

Be sure to keep these tips in mind if you end up leasing from a dealer you prefer.

Wrapping Up: Best Luxury Car Lease Deals for 2021

Do not be afraid of high MSRP vehicles when leasing! Step outside of your comfort zone when negotiating with the dealership. There is far more negotiating room than meets the common eye. Often the best lease deals are found on the cars you would least expect.

Be sure to conduct your research and do your due diligence before stepping foot in a dealership.

Are you interested in having our lease expert help you with a lease? Drop us a message and we’ll get back to you within 24 hours.

Happy leasing!

*All quantitative research for this article has been conducted by a professional car lease consultant/broker. All of the deals listed have been offered at a certified dealership across the country at a specific date in time based on various factors.

Leave a Comment