You can find new car leases under $700 a month in Arizona on Broker Black by setting your ZIP code, choosing lease, and filtering the inventory to $700: every partner car is priced on the current factory lease program with Arizona tax on the payment, your city's rate, and the down payment you choose, so the list you get is the list that is actually under $700 for you. Below is what puts a lease under that line and what to check before you reserve one.
What puts a lease under $700.
- The residual. A car the lender expects to hold value has less depreciation to pay for. Compact luxury SUVs and popular sedans often carry strong residuals.
- The factory program. Manufacturers subsidize the money factor on models they want to move that month. Broker Black uses the current program where one exists and says so on the car page.
- The term and miles. 36 months at 10,000 miles a year is the common sweet spot; 7,500 miles raises the residual and lowers the payment; 15,000 lowers it.
- Cash down and security deposits. Cash down reduces the payment but is at risk if the car is totaled. Multiple security deposits lower the money factor and come back at lease end, which is usually the better lever.
- Arizona tax. Arizona taxes each lease payment at your city's rate (7.8% in Chandler, 8.3% in Gilbert and Mesa, 9.1% in Phoenix), so the same car is a little cheaper to lease in a lower-rate city.
How to build the list for your city.
- Open the inventory and enter your ZIP code. Pick lease as the way every price is shown.
- Set "To $/mo" to 700. The list narrows to cars whose lease payment for your ZIP, term, and miles is under $700.
- Adjust the term, miles, and cash down in the deal profile; the list reprices as you go.
- Open a car to see the drive-off, the residual, and the money factor's source, and to compare the one-pay option.
What to check before you reserve.
Look at the due-at-signing line, not only the monthly. A $650 payment with $5,000 down and a $700 payment with $0 down can be the same lease. Check the mileage allowance against how you actually drive; excess miles are charged at lease end. And confirm the program's valid-through date on the car page: factory programs change monthly, and a payment quoted under one program is not carried into the next unless the deal is written before it ends.
Quick answers.
Is a lease under $700 a month realistic on a luxury car in Arizona?
On many compact and mid-size luxury models, yes, with a normal down payment and the current factory program. The inventory filter shows which specific cars are under $700 for your ZIP right now.
Does Arizona tax a lease on the full price or on the payment?
On each payment, at the rate for the city where you register, plus tax on any cash down.
Can I put nothing down and stay under $700?
Sometimes. Set cash down to $0 in the deal profile and the list reprices; multiple security deposits are a way to lower the payment without cash at risk.