Best Luxury Car and SUV Lease Deals [May 2023 Edition]

If you want to drive the latest luxury car or SUV, leasing allows you to try different models every 2-3 years.  You can drive a high-end car while maintaining affordable monthly payments.

In addition to boasting a high quality interior and build, luxury vehicles tend to have the latest tech features and infotainment systems. With an excellent credit score you can easily take advantage of these new lease deals available right now.

Below we share our picks for the best luxury car lease offers.

Not interested in a luxury vehicle? Our team finds the best lease deals for all types of vehicles each month. There are currently financing specials on SUV’s, sedans, trucks, wagons, hatchbacks, you name it!

Best Luxury Car Lease Deals

If you are in the market for a luxury vehicle, but wary of high monthly payments, check out this month's top lease deals from some of the leading luxury brands like Lexus and BMW.

Best Luxury SUV Lease Deals

Below we feature some of the best luxury lease deals available right now on SUVs and crossovers.

Benefits of Luxury Vehicles

With luxury vehicles, the name says it all. The top reasons people choose luxury cars are:

• A better driving experience.
• Quality and performance.  Higher-end components are used under the hood and elegant interior and exterior design.
• The prestige of owning a brand-name vehicle.
• Access to the latest technology.
• Safety features like lane assist, automatic braking features, exterior cameras, and blindspot sensors.

Learn more about your lease-end options for popular luxury brands like, Audi and BMW.

Reasons to Consider Leasing a Luxury Vehicle

• While luxury vehicles have a lot to offer, they are also a huge investment. For that reason, it often makes sense to lease a luxury vehicle rather than buy one.
• You don’t have to come up with the money for a huge down payment upfront.
• You can enjoy the benefits of a luxury vehicle with lower monthly payments.
• The manufacturer’s warranty typically covers the entire lease term which reduces maintenance costs.
• You can upgrade your car after the lease term, so you will always have a new car with the latest features.

Choosing a Luxury Vehicle

Luxury cars come at a premium price over standard vehicles, and luxury SUV’s are usually more expensive than cars. That price translates to the capitalized cost of your lease which in turn relates to the size of your monthly lease payments. So size matters.

Features of Luxury Cars

• The average price (cap cost) begins in the low $30,000 range.
• Comes in coupes with 2 doors, sedans with 4 doors, convertibles, and sports cars.
• Sleek designs.
• Premium technology and comfort features like heated seats and head-up displays.
• High-end safety and performance features like a 360-degree camera and parking assistance.

Features of Luxury SUVs

• Cap cost starts as low as the $30,000 range, but typically costs more than cars.
• Luxury comforts with added headroom and the ability to navigate through tough driving conditions.
• Spacious and include ample cargo space.

Check out our top picks for:

• Best Luxury 3-Row SUVs
• Luxury Compact SUVs
• Luxury Hybrid SUVs
• Best Electric Luxury Cars
• Best Luxury Commuter Cars

Frequently Asked Questions

What is the cheapest luxury car to lease?

Some of the more affordable, entry-level premium cars are the Audi A3, Acura ILX, BMW 3 Series, Infiniti Q50, and Mercedes A-Class.

Is it better to lease or buy a luxury car?

Many people prefer to lease luxury cars because they want a new car every 2-3 years.  And lower monthly payments than purchasing do allow you to get a more expensive vehicle. But if you buy and keep a car after it’s paid off, owning is cheaper in the long run.

Can you lease a luxury SUV with no money down?

Yes, some manufacturers advertise zero down SUV leases.  And even if there is no advertised offer, many times you can negotiate for a zero down deal.

Can you negotiate a luxury SUV lease?

Yes, you can negotiate a luxury SUV  lease.  First negotiate the price of the SUV as if you were going to buy and ask to use the negotiated price as your capitalized cost.  Learn more about how to negotiate a lease.

Are luxury cars worth the extra money?

That all depends on your preferences.  Some people are willing to pay a premium for superior handling, high performance, and an extra smooth ride.  Others want the brand name recognition or the status of driving a luxury car.  Even if you’re willing to spend more, it still pays to find the best luxury deals.