Best Luxury Suv Lease Deals 2022 (2024)

FAQs

What is the best month for lease deals? ›

Midsize luxury SUVs are also a good choice for families with young children, as they offer plenty of cargo space and easier access to the rear seats than smaller SUVs. The best-selling midsize luxury SUV in the U.S. in 2022 was the Lexus RX, followed by the BMW X5 and the Mercedes-Benz GLE-Class.

The best resale value luxury large SUV is the Lexus LX 570 (54.7% 5-yr resale value) and the best resale value luxury crossover SUV is the Lexus UX 200 (65.4% 5-yr resale value).

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.

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.

Why are car leases so expensive now? The cost of cars has significantly increased, as has the cost of leases. Plus, many current lease contracts aren't as favorable toward drivers as they once were – a result of increased demand for new cars.

With its legacy firmly established and its future looking brighter than ever, the Rolls Royce Cullinan continues to reign as the king of luxury SUVs, a true masterpiece of automotive engineering.

Yellow retains the top ranking for resale value in the SUV category, followed by green, orange, and purple. These are not common colors on SUVs, helping the few that are painted these shades be seen as rare and more valuable to buyers seeking them.

Why are BMW leases so expensive? ›

If you have looked into leasing a BMW car in the past few months, you may have been surprised at the high cost of lease payments. The simple reason why lease payments have increased is due to a significant change in market conditions where an inventory shortage is making it hard to find popular vehicles.

Luxury cars retain their residual value. When determining payments, this “turn-in” value should keep the price lower. Another reason to lease a luxury car is there is less maintenance. Your leased vehicle is covered by the manufacturer's warranty and sometimes also includes a warranty from the dealer.

Individuals in this segment most likely live in wealthy suburban areas with manicured lawns and expensive homes. They have luxury vehicles and vacation in tropical locales. They are between 35-54 years of age, with children, graduate degrees, and professional careers.

The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains.

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).

What time of year do most apartment leases end? Most apartment leases end around the summer season, when people sign 12-month leases and new apartments become available on the market. This is a great time to find a new place to live, as there are often more options available and the competition for apartments is lower.