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VEHICLE LEASING DEALS

With new-car sales sizzling, consumers are reaching deeper into their pockets than ever to buy or lease a new vehicle. The average new vehicle transaction price stands at 33,871 dollars, which is up by 2.2 percent over the last year, according to Kelley Blue Book. Not surprisingly, a growing number of shoppers are turning to leasing as a way to keep their monthly payments low. Experian Automotive says leasing now accounts for a record high 33.6 percent of all non-cash transactions, with the average monthly lease payment at 412 dollars, versus 493 dollars for conventional new-car loans. We scoured the latest lease deals and uncovered a plethora of bona fide luxury cars and crossovers that can actually be acquired for less than that average payment. Astute shoppers can avail themselves of some top-shelf rides, including the BMW 3 Series and Mercedes-Benz C-Class sedans and the Cadillac SRX and Volvo XC70 crossover SUVs for less than 400 dollars a month. The least-expensive luxury car on the list, the Acura ILX compact sedan which can be had for a mere 219 dollars monthly payment. Here’s featuring the 15 best deals in luxury cars that can be leased for less than 400 dollars a month in the accompanying slideshow.

Most are for 36-month terms, though two are shorter at 24 months, and another two are longer at 39 months. Cash due at signing runs from a low of about 2,000 dollars to a high of around 4,500 dollars. Still, that’s less than putting down 20 percent on a new car loan for any of these models. Aside from a lower monthly payment, having to come up with less cash up-front is another major benefit to leasing, rather than financing, a car. But leasing does have its pitfalls. While it may be an advantage for some to simply be able to turn a car in to the dealership at the end of the term and walk away from it without having the hassle of trading it in or selling it outright, leasing does tend to lock one in to making a perpetual car payment. Lessees are usually allowed to purchase the vehicle at the end of the term for a pre-set price, though this may or may not be a good deal depending on how well the car holds its value over time. What’s more, those who clock an extreme number of miles in a given year may want to think twice about leasing, as exceeding the stated mileage limit, usually 10,000-12,000 miles per year can be expensive

Be sure to pay close attention to a lease deal’s mileage restrictions and overage costs, and ask for a higher limit, though this will come at a costlier monthly payment or up-front cost or purchase additional miles ahead of time at a discounted rate if it’s likely you’ll exceed them. The same holds true for those who tend to be hard on their cars. If a leased vehicle isn’t returned in close to pristine condition, a lessee is assessed so called wear and tear fees to bring it up to snuff, which can be prohibitive. And be aware that as with any new-car transaction, nearly every aspect of a lease is negotiable, starting with the out-the-door price. Though there are a few exceptions, such as high demand limited production models and exotic cars, never pay sticker price for a vehicle, whether it’s purchased or leased. Check prices on the Internet before visiting a dealership and negotiate the transaction price with the so-called dealer’s invoice as your target this amount is usually a few percent above a dealer’s actual cost. A lower transaction price usually enables a lower monthly payment. Also, a lease’s terms can usually be adjusted to meet one’s needs.

For example, those seeking a lower monthly payment can often obtain it by coming up with a higher down payment andor settling for a lower annual mileage limit. The Fine Print: Not all buyers will qualify for all rebates or financing deals. Monthly lease payments quoted in our list of top deals are for models in base trim levels with the equipment indicated and do not include any additional options, taxes or registration fees. Cash due at signing includes the down payment and first month’s lease payment. None of the deals listed here require a security deposit. Dealer participation may vary. Offers usually vary by region and are subject to subsequent modification or termination by the manufacturer with check automakers and local dealers’ websites for additional deals and details relevant to your specific area. You don’t have to look hard to find a stellar deal- we’ve done the work for you. –

Lexus IS 200t

1. Monthly Payment: 329 dollars

2. Term: 36 months

3. Mileage: 10k

4. Due at Signing: 1,599 dollars

5. Effective Monthly Cost: 373 dollars

6. MSRP: 38,949 dollars

Lexus has started its Golden Opportunity sales event, which features a complimentary payment offer and new lease discounts. A 100 dollars cut in amount due at signing has helped make the IS 200t an even better deal than last month. You’ll have a tough time finding a nearly 39,000 dollars car with such a low effective lease cost, lower than some Mercedes-Benz CLA250 models 400 dollars and even a 2016 BMW 320 with no options 431 dollars.

Infiniti Q50

1. Monthly Payment: 279 dollars

2. Term: 39 months

3. Mileage: 10k

4. Due at Signing: 3,999 dollars

5. Effective Monthly Cost: 382 dollars

6. MSRP: 38,555 dollars

Last month’s deal on the Q50 2.0t Premium carries over with no changes. With a low effective lease cost relative to its MSRP, it continues to rank as a top deal in its segment.

Lexus GS 200t

1. Monthly Payment: 399 dollars

2. Term: 36 months

3. Mileage: 10k

4. Due at Signing: 1,999 dollars

5. Effective Monthly Cost: 455 dollars

6. MSRP: 46,885 dollars

Sure, the GS 200t may be less flashy than competitors, but the nearly 47,000 dollars car ranks as a stellar value when you lease. Even though it’s 7,540 dollars more expensive on paper than a BMW 328, discounts actually make the GS 13 dollars per month cheaper to lease.
The low amount due at signing isn’t a typo, and should come as a relief for shoppers accustomed to seeing as much as 4,274 dollars in upfront costs like this month’s deal on the 328. As a bonus, the GS 200t also a $0 due at signing option starting at just 459 dollars per month.