Best Luxury Suv Lease Deals 2022 (2024)

FAQs

What is the best month for lease deals? ›

End of the year: October through December

They may be willing to negotiate with you for lower payments, lower upfront costs, and optional equipment. October - Everyone is excited to see the new models, so take advantage of this excitement and make a deal on a leftover model.

One reason to lease a luxury car is there is less depreciation when you give the vehicle back. A lease agreement is determined by the number of years you keep the car, how many miles you put on it, and the shape it's in when returned. Luxury cars retain their residual value.

There are two methods for writing off leased car expenses: actual costs and standard mileage rate. The method you choose at the beginning of the lease is the one you stick with until you return the car to the dealer, so choose wisely.

A credit score of 700 or above can get good car lease offers. Lenders also consider income and other factors.

Year after year, Lexus tops the quality awards lists for best vehicles in their class. In 2017, U.S. News & World Report named the Lexus RX the Best Luxury 2-Row SUV for the money. Lexus was named the Best Overall Luxury Brand and Most Trusted Luxury Brand by Kelley Blue Book Brand Image Awards for 2017 and 2016.

It's partly because of the comfort. The GLC sits on the same platform as the C-Class and, perhaps afforded a bit of extra suspension travel by the higher ride height, it arguably rides even more sweetly.

The Wealthiest Buyers Have Cash to Spend

“But, now, when you look at the actual percentage of our customers and how many lease, finance, or pay cash, it comes down to 20% leasing, 20% financing, and the rest (60%) making a cash purchase.”

Leasing helps protect you against unanticipated depreciation. If the market value of your car unexpectedly drops, your decision to lease will prove to be a wise financial move. If the leased car holds its value well, you can typically buy it at a good price at the end of the lease and keep it or decide to resell it.

So, not only will the dealership make money on the difference between the selling price and the actual value of the car, but they will also make money on the interest charged on the lease. All in all, it's a pretty sweet deal for the dealership, but not so much for the person leasing the car.

Deciding between leasing and buying a car will come down to your lifestyle, driving needs, and financial situation. Leasing can be attractive if you're looking for lower monthly costs, want a new car with new car technology every few years, and don't want to worry about certain tasks, such as selling your car.

What percentage of luxury cars are leased? ›

Overall, only 8.5% of these high rollers paid cash. Around 31% leased and 60.4% took out a loan with an average payment of $2,201 and an average term of 56 months. For comparison, the general market in 2021 saw 9% of buyers paying cash, 20% leasing, and 70% taking out a loan.

According to Consumer Reports, Lexus is the most reliable luxury brand, with a score of 79 out of 100. Lexus is also known for its dependability, with 55 problems per 100 vehicles lower than the industry average of 190 PP100. In 2021, J.D. Power named the Lexus IS its most dependable compact premium car.

But what about the acquisition methods employed by America's millionaires? According to my national survey database of millionaires, overall only 11.3% [about 1 in 9] leased their most recently acquired vehicle. Also, only 13.8% of millionaires indicated that they leased a Mercedes-Benz [Toyota 8.0%].