50 Cars That Are Better To Lease Than Own

July 3, 2023

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

Cars are notoriously bad investments. On average, according to Kelley Blue Book, cars lose 60% of their value in the first five years they spend on the road.

Now, if you’re the sort of person who likes to buy a car every other decade and squeeze out every last penny of that purchase, that might not be so big a concern. But for most people, it means the process of selling your used car can be downright depressing.

That’s why GOBankingRates has taken a look at the models that offer the most cost-benefits to customers who lease instead of buy. By looking at the cost of your monthly payments for each and factoring in the interest costs of a basic car loan, the study identified which cars are best to lease and just how much you’ll save over the course of the first five years by opting to lease instead of own.

2023 Honda Passport

Starting MSRP: $41,400
Total 5-year depreciation: $23,823
Monthly loan payments at 6.4% APR: $648
Total loan payments over 5 years with 20% down: $47,155
Monthly lease payments at 6.4% APR: $498
Total lease payments over 5 years: $29,907

Total savings over 5 years when you lease: $17,247

2023 Hyundai Ioniq 5

Starting MSRP: $41,450
Total 5-year depreciation: $23,851
Monthly loan payments at 6.4% APR: $649
Total loan payments over 5 years with 20% down: $47,212
Monthly lease payments at 6.4% APR: $499
Total lease payments over 5 years: $29,943

Total savings over 5 years when you lease: $17,268

Today’s Top Offers

2023 Kia EV6

Starting MSRP: $42,600
Total 5-year depreciation: $24,513
Monthly loan payments at 6.4% APR: $667
Total loan payments over 5 years with 20% down: $48,522
Monthly lease payments at 6.4% APR: $513
Total lease payments over 5 years: $30,774

Total savings over 5 years when you lease: $17,747

2023 Ford Mustang Mach E

Starting MSRP: $42,995
Total 5-year depreciation: $24,740
Monthly loan payments at 6.4% APR: $673
Total loan payments over 5 years with 20% down: $48,972
Monthly lease payments at 6.4% APR: $518
Total lease payments over 5 years: $31,060

Total savings over 5 years when you lease: $17,912

2023 Genesis GV70

Starting MSRP: $43,150
Total 5-year depreciation: $24,830
Monthly loan payments at 6.4% APR: $675
Total loan payments over 5 years with 20% down: $49,148
Monthly lease payments at 6.4% APR: $520
Total lease payments over 5 years: $31,172

Total savings over 5 years when you lease: $17,976

2023 Volvo XC60

Starting MSRP: $43,450
Total 5-year depreciation: $25,002
Monthly loan payments at 6.4% APR: $680
Total loan payments over 5 years with 20% down: $49,490
Monthly lease payments at 6.4% APR: $523
Total lease payments over 5 years: $31,388

Total savings over 5 years when you lease: $18,101

2023 BMW 3-Series

Starting MSRP: $43,800
Total 5-year depreciation: $25,204
Monthly loan payments at 6.4% APR: $685
Total loan payments over 5 years with 20% down: $49,888
Monthly lease payments at 6.4% APR: $527
Total lease payments over 5 years: $31,641

Total savings over 5 years when you lease: $18,247

2023 Ram 2500

Starting MSRP: $45,000
Total 5-year depreciation: $26,167
Monthly loan payments at 6.4% APR: $712
Total loan payments over 5 years with 20% down: $51,796
Monthly lease payments at 6.4% APR: $548
Total lease payments over 5 years: $32,851

Total savings over 5 years when you lease: $18,945

2023 BMW X3

Starting MSRP: $56,200
Total 5-year depreciation: $26,585
Monthly loan payments at 6.4% APR: $723
Total loan payments over 5 years with 20% down: $52,622
Monthly lease payments at 6.4% APR: $556
Total lease payments over 5 years: $33,375

Total savings over 5 years when you lease: $19,247

2023 Alfa Romeo Stelvio Quadrifoglio

Starting MSRP: $46,575
Total 5-year depreciation: $26,800
Monthly loan payments at 6.4% APR: $729
Total loan payments over 5 years with 20% down: $53,049
Monthly lease payments at 6.4% APR: $561
Total lease payments over 5 years: $33,646

Total savings over 5 years when you lease: $19,403

Today’s Top Offers

2023 Audi A5

Starting MSRP: $46,700
Total 5-year depreciation: $26,872
Monthly loan payments at 6.4% APR: $731
Total loan payments over 5 years with 20% down: $53,192
Monthly lease payments at 6.4% APR: $56
Total lease payments over 5 years: $33,736

Total savings over 5 years when you lease: $19,455

2023 Volvo V60

Starting MSRP: $48,000
Total 5-year depreciation: $28,081
Monthly loan payments at 6.4% APR: $764
Total loan payments over 5 years with 20% down: $55,583
Monthly lease payments at 6.4% APR: $588
Total lease payments over 5 years: $35,253

Total savings over 5 years when you lease: $20,330

2023 Genesis G80

Starting MSRP: $50,00
Total 5-year depreciation: $28,771
Monthly loan payments at 6.4% APR: $783
Total loan payments over 5 years with 20% down: $56,950
Monthly lease payments at 6.4% APR: $602
Total lease payments over 5 years: $36,120

Total savings over 5 years when you lease: $20,830

2024 BMW i4

Starting MSRP: $52,200
Total 5-year depreciation: $30,037
Monthly loan payments at 6.4% APR: $817
Total loan payments over 5 years with 20% down: $59,456
Monthly lease payments at 6.4% APR: $628
Total lease payments over 5 years: $37,709

Total savings over 5 years when you lease: $21,747

2023 Chevrolet Tahoe

Starting MSRP: $54,200
Total 5-year depreciation: $31,188
Monthly loan payments at 6.4% APR: $848
Total loan payments over 5 years with 20% down: $61,734
Monthly lease payments at 6.4% APR: $653
Total lease payments over 5 years: $39,154

Total savings over 5 years when you lease: $22,580

2023 Jeep Wrangler

Starting MSRP: $54,735
Total 5-year depreciation: $31,496
Monthly loan payments at 6.4% APR: $857
Total loan payments over 5 years with 20% down: $62,343
Monthly lease payments at 6.4% APR: $659
Total lease payments over 5 years: $39,541

Total savings over 5 years when you lease: $22,803

2023 Genesis GV80

Starting MSRP: $55,800
Total 5-year depreciation: $32,109
Monthly loan payments at 6.4% APR: $873
Total loan payments over 5 years with 20% down: $63,556
Monthly lease payments at 6.4% APR: $672
Total lease payments over 5 years: $40,310

Total savings over 5 years when you lease: $23,247

2023 Volvo XC90

Starting MSRP: $56,000
Total 5-year depreciation: $32,224
Monthly loan payments at 6.4% APR: $876
Total loan payments over 5 years with 20% down: $63,784
Monthly lease payments at 6.4% APR: $674
Total lease payments over 5 years: $40,454

Total savings over 5 years when you lease: $23,330

Today’s Top Offers

2023 Mercedes-Benz E-Class

Starting MSRP: $56,750
Total 5-year depreciation: $32,655
Monthly loan payments at 6.4% APR: $888
Total loan payments over 5 years with 20% down: $64,639
Monthly lease payments at 6.4% APR: $683
Total lease payments over 5 years: $40,996

Total savings over 5 years when you lease: $23,642

2023 Audi A6

Starting MSRP: $56,900
Total 5-year depreciation: $32,742
Monthly loan payments at 6.4% APR: $890
Total loan payments over 5 years with 20% down: $64,809
Monthly lease payments at 6.4% APR: $685
Total lease payments over 5 years: $41,105

Total savings over 5 years when you lease: $23,705

2023 Chevrolet Suburban

Starting MSRP: $57,200
Total 5-year depreciation: $32,914
Monthly loan payments at 6.4% APR: $895
Total loan payments over 5 years with 20% down: $65,151
Monthly lease payments at 6.4% APR: $689
Total lease payments over 5 years: $41,321

Total savings over 5 years when you lease: $23,830

2023 GMC Yukon

Starting MSRP: $57,400
Total 5-year depreciation: $33,029
Monthly loan payments at 6.4% APR: $898
Total loan payments over 5 years with 20% down: $65,379
Monthly lease payments at 6.4% APR: $691
Total lease payments over 5 years: $41,466

Total savings over 5 years when you lease: $23,913

2023 BMW M5

Starting MSRP: $57,900
Total 5-year depreciation: $33,317
Monthly loan payments at 6.4% APR: $906
Total loan payments over 5 years with 20% down: $65,948
Monthly lease payments at 6.4% APR: $697
Total lease payments over 5 years: $41,827

Total savings over 5 years when you lease: $24,121

2023 Volvo V90

Starting MSRP: $58,450
Total 5-year depreciation: $33,634
Monthly loan payments at 6.4% APR: $915
Total loan payments over 5 years with 20% down: $66,575
Monthly lease payments at 6.4% APR: $704
Total lease payments over 5 years: $42,224

Total savings over 5 years when you lease: $24,351

2024 Cadillac Lyriq

Starting MSRP: $58,590
Total 5-year depreciation: $33,714
Monthly loan payments at 6.4% APR: $917
Total loan payments over 5 years with 20% down: $66,734
Monthly lease payments at 6.4% APR: $705
Total lease payments over 5 years: $42,325

Total savings over 5 years when you lease: $24,409

2023 Genesis GV60

Starting MSRP: $59,200
Total 5-year depreciation: $34,065
Monthly loan payments at 6.4% APR: $926
Total loan payments over 5 years with 20% down: $67,429
Monthly lease payments at 6.4% APR: $713
Total lease payments over 5 years: $42,766

Total savings over 5 years when you lease: $24,663

Today’s Top Offers

2023 Ford F-150 Lightning

Starting MSRP: $59,974
Total 5-year depreciation: $34,510
Monthly loan payments at 6.4% APR: $939
Total loan payments over 5 years with 20% down: $68,311
Monthly lease payments at 6.4% APR: $722
Total lease payments over 5 years: $43,325

Total savings over 5 years when you lease: $24,985

2023 Porsche Macan

Starting MSRP: $60,900
Total 5-year depreciation: $35,043
Monthly loan payments at 6.4% APR: $953
Total loan payments over 5 years with 20% down: $69,365
Monthly lease payments at 6.4% APR: $733
Total lease payments over 5 years: $43,994

Total savings over 5 years when you lease: $25,371

2024 BMW X5

Starting MSRP: $65,200
Total 5-year depreciation: $37,518
Monthly loan payments at 6.4% APR: $1,020
Total loan payments over 5 years with 20% down: $74,263
Monthly lease payments at 6.4% APR: $785
Total lease payments over 5 years: $47,100

Total savings over 5 years when you lease: $27,163

2023 Audi A7

Starting MSRP: $70,200
Total 5-year depreciation: $40,395
Monthly loan payments at 6.4% APR: $1,099
Total loan payments over 5 years with 20% down: $79,958
Monthly lease payments at 6.4% APR: $845
Total lease payments over 5 years: $50,712

Total savings over 5 years when you lease: $29,246

2023 Rivian R1T

Starting MSRP: $74,800
Total 5-year depreciation: $43,042
Monthly loan payments at 6.4% APR: $1,171
Total loan payments over 5 years with 20% down: $85,198
Monthly lease payments at 6.4% APR: $901
Total lease payments over 5 years: $54,036

Total savings over 5 years when you lease: $31,162

2024 BMW M3

Starting MSRP: $76,000
Total 5-year depreciation: $43,732
Monthly loan payments at 6.4% APR: $1,189
Total loan payments over 5 years with 20% down: $86,564
Monthly lease payments at 6.4% APR: $915
Total lease payments over 5 years: $54,902

Total savings over 5 years when you lease: $31,662

2023 Ford F-150 Raptor

Starting MSRP: $76,775
Total 5-year depreciation: $44,178
Monthly loan payments at 6.4% APR: $1,202
Total loan payments over 5 years with 20% down: $87,447
Monthly lease payments at 6.4% APR: $924
Total lease payments over 5 years: $55,462

Total savings over 5 years when you lease: $31,985

2023 Porsche Cayenne

Starting MSRP: $79,200
Total 5-year depreciation: $45,574
Monthly loan payments at 6.4% APR: $1,239
Total loan payments over 5 years with 20% down: $90,209
Monthly lease payments at 6.4% APR: $954
Total lease payments over 5 years: $57,214

Total savings over 5 years when you lease: $32,995

Today’s Top Offers

2023 Cadillac Escalade

Starting MSRP: $80,795
Total 5-year depreciation: $46,782
Monthly loan payments at 6.4% APR: $1,272
Total loan payments over 5 years with 20% down: $92,601
Monthly lease payments at 6.4% APR: $973
Total lease payments over 5 years: $58,366

Total savings over 5 years when you lease: $33,660

2023 Mercedes-AMG E53

Starting MSRP: $81,300
Total 5-year depreciation: $46,782
Monthly loan payments at 6.4% APR: $1,272
Total loan payments over 5 years with 20% down: $92,601
Monthly lease payments at 6.4% APR: $979
Total lease payments over 5 years: $58,731

Total savings over 5 years when you lease: $33,870

2023 Mercedes-AMG C63

Starting MSRP: $81,850
Total 5-year depreciation: $47,098
Monthly loan payments at 6.4% APR: $1,281
Total loan payments over 5 years with 20% down: $93,228
Monthly lease payments at 6.4% APR: $985
Total lease payments over 5 years: $59,128

Total savings over 5 years when you lease: $34,099

2024 BMW X7

Starting MSRP: $81,900
Total 5-year depreciation: $47,127
Monthly loan payments at 6.4% APR: $1,282
Total loan payments over 5 years with 20% down: $93,284
Monthly lease payments at 6.4% APR: $986
Total lease payments over 5 years: $59,165

Total savings over 5 years when you lease: $34,120

2023 Ram 1500 TRX

Starting MSRP: $84,555
Total 5-year depreciation: $48,655
Monthly loan payments at 6.4% APR: $1,323
Total loan payments over 5 years with 20% down: $96,309
Monthly lease payments at 6.4% APR: $1,018
Total lease payments over 5 years: $61,083

Total savings over 5 years when you lease: $35,226

2023 Ford Bronco Raptor

Starting MSRP: $86,080
Total 5-year depreciation: $49,533
Monthly loan payments at 6.4% APR: $1,347
Total loan payments over 5 years with 20% down: $98,046
Monthly lease payments at 6.4% APR: $1,036
Total lease payments over 5 years: $62,184

Total savings over 5 years when you lease: $35,861

2023 Porsche Macan GTS

Starting MSRP: $86,800
Total 5-year depreciation: $49,947
Monthly loan payments at 6.4% APR: $1,358
Total loan payments over 5 years with 20% down: $98,866
Monthly lease payments at 6.4% APR: $1,045
Total lease payments over 5 years: $62,704

Total savings over 5 years when you lease: $36,286

2024 BMW iX

Starting MSRP: $87,100
Total 5-year depreciation: $50,867
Monthly loan payments at 6.4% APR: $1,383
Total loan payments over 5 years with 20% down: $100,688
Monthly lease payments at 6.4% APR: $1,049
Total lease payments over 5 years: $62,921

Total savings over 5 years when you lease: $36,286

Today’s Top Offers

2023 Genesis G90

Starting MSRP: $88,400
Total 5-year depreciation: $50,867
Monthly loan payments at 6.4% APR: $1,383
Total loan payments over 5 years with 20% down: $100,688
Monthly lease payments at 6.4% APR: $1,064
Total lease payments over 5 years: $63,860

Total savings over 5 years when you lease: $36,828

2023 Porsche Taycan

Starting MSRP: $90,900
Total 5-year depreciation: $52,306
Monthly loan payments at 6.4% APR: $1,423
Total loan payments over 5 years with 20% down: $103,536
Monthly lease payments at 6.4% APR: $1,094
Total lease payments over 5 years: $65,666

Total savings over 5 years when you lease: $37,869

2023 Land Rover Range Rover

Starting MSRP: $107,400
Total 5-year depreciation: $61,801
Monthly loan payments at 6.4% APR: $1,681
Total loan payments over 5 years with 20% down: $12,329
Monthly lease payments at 6.4% APR: $1,293
Total lease payments over 5 years: $77,586

Total savings over 5 years when you lease: $44,743

2023 Mercedes-AMG E63 S

Starting MSRP: $112,800
Total 5-year depreciation: $64,908
Monthly loan payments at 6.4% APR: $1,765
Total loan payments over 5 years with 20% down: $128,480
Monthly lease payments at 6.4% APR: $1,358
Total lease payments over 5 years: $81,487

Total savings over 5 years when you lease: $46,993

2023 Mercedes-Benz S-Class

Starting MSRP: $114,500
Total 5-year depreciation: $65,886
Monthly loan payments at 6.4% APR: $1,792
Total loan payments over 5 years with 20% down: $130,416
Monthly lease payments at 6.4% APR: $1,379
Total lease payments over 5 years: $82,715

Total savings over 5 years when you lease: $47,701

2024 Audi RS7

Starting MSRP: $127,800
Total 5-year depreciation: $73,539
Monthly loan payments at 6.4% APR: $2,000
Total loan payments over 5 years with 20% down: $145,565
Monthly lease payments at 6.4% APR: $1,539
Total lease payments over 5 years: $92,323

Total savings over 5 years when you lease: $53,242

2023 Lucid Air

Starting MSRP: $138,000
Total 5-year depreciation: $79,409
Monthly loan payments at 6.4% APR: $2,160
Total loan payments over 5 years with 20% down: $157,183
Monthly lease payments at 6.4% APR: $1,662
Total lease payments over 5 years: $99,691

Total savings over 5 years when you lease: $57,491

More From GOBankingRates

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by American Express. American Express credit card products are not available through GOBankingRates.com.