When you think about luxurious cars, Bentley likely comes to mind. And for a good reason: the company has a long history of producing some of the most iconic luxury vehicles in the world. But if you’re considering leasing a Bentley, you should know that the cost can be pretty steep.
In this article, we will explore how much it costs to lease a Bentley and some of the other benefits associated with doing so. We’ll also give you tips on getting a better deal on your vehicle lease.
How Much Does It Cost to Lease a Bentley?
If you’re looking for a new Bentley but don’t want to pay full price upfront, then leasing may be right. When you lease a car, you pay monthly payments instead of all at once like you would when buying a new car or truck outright from a dealership or private seller.
Leasing also allows you to drive different vehicles throughout your lease agreement. If something else out there catches your eye, you can change vehicles before your lease ends without any associated penalties or fees.
Depending on the model and leasing terms you select, the monthly cost of leasing a Bentley will change. However, your monthly leasing payments typically range between $3,000 and $6,000.
Standard monthly payments for the Bentley Bentayga and Flying Spur are around $2,987, while those for the Mulsanne and Continental are higher at $4,472 per month.
There are also several options for lease terms, including 12, 24, 36, or even 48 months. The price you pay for a Bentley rental is based on the type and size of the vehicle you choose.
How Much Does It Cost Per Month to Lease a Bentley?
Bentley is known for its luxurious and exclusive cars. Pricing for leasing a Bentley can range from around $3,000 per month to over $6,000 per month. The amount of money you’ll need to lease a Bentley will depend on the lease’s term, the car’s make and model, and any add-ons or options.
But the good news is that, on average, it’s possible to lease a Bentley for about $3,000 per month. That might seem like a lot of money, but when it comes to luxury vehicles like this one, you’re paying for more than just the car itself — you’re paying for the experience of driving such an iconic brand.
What is the Average Leasing Term for a Bentley?
The average lease term for a Bentley is about 2 years. The most common lease term is 24 months, but you can find options for leasing as short as 12 months or as long as 60 months.
Bentley is a luxurious and popular car brand, so you’ll likely have to pay an expensive leasing term to take one home. The average lease term for a Bentley is 24 months, but you can get a shorter or longer lease depending on the model and location. Most Bentley leases include insurance, roadside assistance, and a maintenance plan.
Is It Better to Lease or Finance a Bentley?
Few can beat Bentley’s appeal when it comes to luxury cars. But what does it cost to lease or finance one? Here’s a breakdown of the costs for both options.
Leasing a Bentley typically costs more than financing, mainly due to the higher interest rates associated with leasing. The average interest rate for a Bentley lease is around 5%.
On the other hand, financing a Bentley typically offers lower rates because car dealerships want to get as much money as possible out of you to make a profit. The average interest rate on a Bentley loan is around 3%. So, while leasing may cost you more in the short term, financing may be your better option in the long run.
A lease may be more affordable. If you’re willing to drive an older model, you’ll probably find a lease payment lower than what you’d pay in financing costs over the life of your loan. That said, if you want a brand-new car and are willing to pay more upfront, leasing may not be for you.
The bottom line: If you want a Bentley now and don’t have the cash on hand, leasing may be the way to go. But if your goal is long-term value or building equity in your vehicle, financing might be a better option — especially if you plan on keeping the car for several years after its lease expires.
Do You Need Insurance On A Leased Bentley?
Leasing a Bentley is an expensive proposition. The total cost of leasing a Bentley over the course of a year can easily exceed the price of buying one outright.
If you plan to lease a Bentley, ensure you understand your rights and obligations as a lessee. You may be responsible for paying property taxes, hazard insurance, and other associated costs. You must also ensure that your credit score is good enough to qualify for a lease agreement. If you do not have excellent credit, you may be able to get financing through a lending institution or car dealership.
Considering leasing a Bentley, it is important to compare different options and find the best deal possible. It can be helpful to speak with someone who has experience leasing Bentleys.
You’ll require comprehensive and collision insurance in addition to regular liability insurance. You might also be obliged to have a gap policy in some circumstances.
When all of this is considered, the cost of your insurance may range from $350-$400 per month or $4,600 annually.
Despite being more expensive than the typical insurance premium, this is still affordable when compared to the price of insuring other high-end cars.
How Do You Get Approved to Lease a Bentley?
If you’re wondering how to get approved for a Bentley lease, we’re here to help. It’s not as difficult as you might think. However, some guidelines will help your application process go more smoothly.
As the lessor, there are a few methods for starting the Bentley leasing procedure. You can engage with a third-party lender or obtain a lease directly from your neighborhood Bentley dealership. Make sure to compare offers and requirements from several lessors before deciding.
You’ll need to submit a leasing application first. Getting pre-approved for a lease is typically encouraged at the beginning of your car-shopping process. In this way, you can go shopping without being concerned about getting your ideal car.
Depending on who you work with, the application procedure will vary.
Generally, you’ll need to submit the following details with your application:
- Your name and contact information
- Your Social Security number
- Financial details, including your monthly income
They will analyze your income and run a credit check after all this information. You’ll probably be given the go-ahead for a lease if you satisfy their standards.
As the lessee, certain criteria must be met for you to be approved for a lease on a luxury car like Bentley. You will need:
- A good credit score – Anywhere from 700-800+ is ideal, but 600-700 will still be considered if the other factors are in place.
- A high income – This will vary depending on the car being leased, but it should be around $100k or more per year before taxes (this number will vary with each individual dealer).
- Some recent credit history – The longer your credit history and better your score, the better your chance of being approved for a lease agreement with Bentley (and other luxury brands).
You’ll probably be given the go-ahead for a lease if you satisfy their standards.
How much is it to lease a Bentley in Florida?
It can cost up to $4,000 a month to lease a Bentley in Florida. The most popular places to lease a Bentley are in Palm Beach and Miami-Dade counties.
When you lease a Bentley, it’s important to understand this is a luxury item. You’re not going to be able to drive it every day after work (if you could, why would you lease it?), and you should be prepared for major expenses when the leasing period ends.
Remember that your insurance will probably be higher, but if you have the money and are interested in riding in style, there’s no reason you can’t get behind the wheel of one of these high-end vehicles.
If you’re seriously considering leasing a Bentley, it’s important to compare rates and find one that works best for your needs.