What are some of the cheapest lease (zero down equivalent) I can achieve on luxury brands these days?

Ask the Hackrs
1

Just need a car with basic car function, but also luxury brand. Returning both of my cars in the next few months and trying to figure out what my options are. Any input is appreciated and thanks in advance!

2

Tlx or s60

3

Cheapest lease has nothing to do with how much you put down.

4

You are right. What am trying to say is what the cheapest lease are and what their monthly (zero down equivalent) are.

5

It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (EDITORIAL | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

6

“Basic” and “luxury” mean different things to different people.

A lightly-optioned BMW 540i is on the low end of basic cars I would consider, but maybe you’re looking at this differently.

Start with a budget in mind and browse Marketplace to get started.

7

High support and high residual. Demo BMW 7 series?