Welcome to our blog with another great post to provide you with the best source on leasing and buying cars. Today, we will be talking about how much it would cost to lease a car for $70,000. This is a very common question and we would like to provide a comprehensive answer but also educate you and show you how to get the best deal on a car in that price range.

Leasing can be a great way for individuals to experience driving the latest release models without being stuck in a long-term commitment of ownership. But it is important to understand that all that is involved in leasing a high-end vehicle can be complex and must be approached correctly.

In this post, we will explain the financials, review all factors that affect the lease costs, and give you a clear idea of what to expect with leasing a car in that price range. Regardless of whether you’re looking for an SUV, sports coupe, or luxury sedan, you’ll be an expert on leasing cars in that price range by the end of this article.

What will the lease payments look like? When you lease a car, there are factors that determine the amount you pay each month. These factors include the price of the car, the length of the lease term, the money factor (which is like an interest rate), any down payment made, and the estimated value of the car at the end of the lease.

Let’s use an example to understand how these factors work together. Imagine you’re considering a luxury car with a price tag of $70,000. After negotiation, you manage to bring down its price to $65,000. You decide to make a $10,000 payment and choose a lease term of 36 months. The money factor is 0.00208 (to a percentage rate of around 5%) and it’s estimated that the car will have a residual value of $30,000, by the end of your lease period.

Now let’s use these numbers to see the depreciation cost of the car, which would be the negotiated value of the car minus the residual value, which would equal $35,000. This $35,000 will now be spread over the lease term, making the monthly payment roughly $972.

We must not forget to add on the interest on the lease, which is the negotiated value of the car minus residual value, and multiplication by the money factor. So it would look something like this: ($65,000 + $30,000) * 0.00208 = $197.60 per month. Now we can add the lease interest of $197.60 +$972 (depreciation cost)= $1169.60. If we assume a tax rate of 7%, the total would be $1251.27/mo.

This doesn’t include any add-on packages, dealer fees, or incentives you may get. So the final monthly payment can be higher or lower depending on the deal and the additional costs involved.

Understanding The Factors

  • Credit Score: Your credit score determines what kind of lease interest rate you’ll get on your deal. The greater the credit score, the lower the interest rate, therefore lower the monthly payment. So if you have low credit, try to take some steps to improve it before getting into a lease.
  • Lease Length: The length of the lease will also affect the monthly payments. The longer lease term you get, the lower the monthly payments, and a shorter lease term means higher payments. Now keep in mind that longer payments mean you’ll be paying more interest as well. Therefore, pick a balanced term to lease your car.
  • Down Payment: Leasing often requires a down payment. The more you put down, the less you’ll end up paying per month, but you don’t want to overdo it because a lease is a long-term rental and you don’t recoup that money at the end of the lease.
  • Residual Value: Estimated value of your car at the end of the lease. If you go with a car that has a higher residual value, the lower your payments will be, so be smart about picking the right make and model based on their residual value.

Estimating Your Lease Payment 

The estimated lease payment on a $70k car can range from $800 to $1200 dollars. Of course, there are many factors that can affect the payment and it is not uncommon to see a person get a car for a $700/mo lease worth 70k if there are enough incentives from the dealership or if the broker has done an excellent job negotiating. Contrary to popular belief, that payment is all about how much work you’re willing to put in or the company you hire for the job. There are many steps to take to get a lower lease payment on a 70k car lease.

Car Options at 70k 

The first question that comes to mind when you think of a lease in this price range is what kind of car can I get? At the $70,000 price tag, you are now in the luxury and high-performance sports car category. You can end up getting a German car like a Mercedes E Class or a BMW 7 Series. If you want to go with a performance car, a Mustang Shelby GT500 or Chevrolet Corvette Stingray can be acquired as well. If you are into green-conscious cars or like electric motors, then you can also get most of the high-end Tesla Models.

How to get the best lease deal? 

Securing the best deal on your lease requires some planning, preparation, understanding the market, and some old-school negotiation. Here are some useful tips that will enable you to get the best deal on your lease:

  • Improve Your Credit: Pull your free annual credit report and see if there are any discrepancies you can dispute or old collections that are eligible to be dropped. Also, pay down some balances so you have lower credit utilization. This can bring your credit score to the next tier which can translate into lots of savings on your lease.
  • Put More Money Down: There are many “$0 Down Lease Programs” but you definitely want to put something down so you can reduce your monthly expenditure. Unless, of course, you have excellent credit.
  • Use a Broker: The most underrated tip is using a car broker. Many people don’t realize a car broker knows all the special deals and incentives currently available with different vendors. Plus, they have established relationships with large dealerships and are expert negotiators. Just with this alone, you’re going to be seeing the best lease deals the industry has to offer.
  • Special Incentives and Deals: There are times when due to slow sales or low demand for a particular product, the manufacturers will provide special deals and incentives for leases. This is an opportunity to snag a deal that will result in no one believing how little you pay for your lease.
  • Comparison Shop: Never just get one offer from one place, shop around and see what you can get with different dealerships.
  • Negotiate the Car Price: Not everyone knows that the car price is negotiable on the lease and affects the overall monthly payment. That is why you should negotiate with the dealership on the price.

If you follow the steps above, you’ll be securing an amazing deal on your next lease.

Exploring All Lease Options for a $70k Car with DriveOZ

If you want to get all the benefits of using the tips below and not have to do any work, you can simply let DriveOZ do everything for you. Not only will you be able to fill out one application and have the power to get lease deals from different brands, but also from any dealership in the country. DriveOZ will take care of all the paperwork, review the fine print, negotiate the best deal, and deliver the car to your doorstep. All this can be done without you having to leave your home.

Whatever it is that you’re looking to lease, DriveOZ can procure it for you with the best possible terms in your favor. If you want a luxury sedan, SUV, or a high-revving sports car, DriveOZ can deliver it to you. Not only will you know you’re getting the best deal, but you’ll also be amazed at the high level of service you’ll receive from DriveOZ.

In addition to helping you secure the car, you can come to us at the end of the lease for a consultation and assistance on what to do next. Sometimes it makes sense to get another lease, other times your car might have appreciated and you can make a profit. Whatever it is, we will be there for you at that time.


Leasing a luxury car doesn’t have to be an expensive endeavor. With the thought-through approach, you can secure a great deal and maybe even profit at the end of it. By doing your research, negotiating, and using a broker to help you, you can get a very affordable lease payment on your luxury or high-performance car.

Also, remember to not get stuck on monthly payments but on the entire deal from a financial standpoint. Look at the total cost of the lease, and see how much the car might be worth vs how much the residual value will be.

  • Take necessary steps to have the upper hand in the lease such as saving up for a down payment and improving your credit score.

Whether you decide to do the lease shopping on your own or with a broker like us, we hope you have enjoyed our article and are now ready for the next step of acquiring your dream car.

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