Best Luxury Suv Lease Deals 2022 (2024)

FAQs

What is the best month for lease deals? ›

Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. 2) Holidays: Lease shoppers can find special dealership incentives during long holiday weekends, including President's Day, Memorial Day, July 4, Labor Day, and Thanksgiving.

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.

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.

In 2024, whether to buy or lease a car depends on your individual needs and lifestyle. With manufacturers pushing more attractive lease deals, leasing may become a more appealing option for many. Leasing is a great way to avoid the worst effects of today's high interest rates.

1. Toyota RAV4. The Toyota TM RAV4's mix of ample interior space, modern in-cabin tech, and abundant standard safety features are among the primary reasons it's the best-selling SUV in America for 2023.

Lexus was named the Best Overall Luxury Brand and Most Trusted Luxury Brand by Kelley Blue Book Brand Image Awards for 2017 and 2016. Edmunds' Most Wanted Awards went to Lexus for the RX 350 (luxury compact SUV) and the ES 350 (luxury midsize car).

Do the rich buy or lease cars? ›

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%].

A major factor in a lease payment is a projected high residual value. Genesis hasn't traditionally had the highest residual values, and without them, it's hard to get a low lease payment.

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.

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.

If you should lease or buy a luxury car depends on your circ*mstances and what kind of car owner you are. If you want to keep up with the latest and greatest — as many luxury car enthusiasts do — leasing a luxury car can be a way to trade up every few years and try lots of different vehicles.

Generally, the best time to rent an apartment for a lower price is from November through March, when demand is lower. However, apartment hunting from May to September could be beneficial if you want a wider range of options since there tend to be more units available during these months.

What month is rent most expensive? Rent is typically the most expensive from May to October, with September usually being the peak month for rental prices.

If you want the best monthly deals, focus on a lease of 36-48 months (but first decide if you're happy to hold the car for that long) If you want to drive your car for less than two years, consider another option like a short-term car subscription (see below).

The lowest rental rates are found during the winter months—October through April—with demand and prices reaching their nadir between January and March.