Remember the old saying “You only have one chance to make a first impression”? Well, in the business world, those first impressions count for a lot and the vehicles that companies and self-employed professionals choose become a silent yet powerful extension of their brand identity.
Because of the prestige, status and impression that owning a luxury vehicle carries, it’s therefore pretty common to see business owners opting to lease luxury vehicles through their companies. Often it can be the price of buying outright that makes them opt for a business vehicle lease, but there are many other financial benefits to leasing luxury cars, especially leasing them through a business.
With leasing, businesses can enjoy significant VAT benefits, with the possibility of reclaiming 100% of the VAT if the vehicle is used solely for business purposes. Additionally, the way in which Benefit in Kind (BIK) tax is structured means that if you choose from one of the ever more popular Electric or Hybrid luxury vehicles, then you can also open up the door to even more tax savings.
But, as we mentioned right at the start, the attraction of leasing luxury vehicles stems from far more than just the financial calculations. It’s about the statement a luxury car makes, the unparalleled comfort and cutting-edge technology it offers, and the confidence it instils in both the driver and the company they represent. Luxury cars are sought after not only for the status they project, but also because they often have some of the most advanced safety features, superior performance, and the brand prestige they carry.
So, what are the best luxury cars to lease in 2024? What makes them so much better than all of the other vehicles available? Well, if you’re wondering what the answers to either of those questions are then keep on reading, as we take a look at the top 17 luxury cars to lease in 2024.
What Is A Luxury Car?
There are many expensive cars, many cars that seemingly look luxurious – but are these ‘luxury’ cars? To put it shortly, a luxury car is a car that transcends the ordinary, offering an elevated level of comfort, features, and equipment which are never really seen in other vehicles.
The use of expensive materials, meticulous attention to detail, and superior build quality are hallmarks of luxury cars, setting them apart in a class of their own.
Luxury cars are synonymous with sophistication and elegance, often reflecting the higher social status of their owners. This connection between luxury vehicles and social standing is not merely about the car itself but about what the car represents: achievement, success, and a certain exclusivity that comes with owning something exceptional.
The Difference Between ‘Luxury’ Cars & ‘Premium’ Cars
Historically, luxury cars were predominantly large, commanding vehicles, but the definition has expanded over time to include smaller sports models, compact luxury vehicles, and luxury SUVs – which does make the differences between luxury and premium cars harder to spot.
Essentially, the easiest way to tell them apart is by looking at it in the following context. While premium brands like Audi, BMW, and Lexus have models of cars which provide higher levels of both quality and technology, their luxury counterparts go a step further. They offer not just better features but a complete package of unparalleled luxury, with the lavishness of their interior design and the more advanced nature of their onboard technologies as well as their impeccable performance on the road.
There is most definitely a very fierce competition in car manufacturing with each brand constantly looking to innovate and lead in areas such as; comfort, materials quality, interior space, and performance. The competition to offer the best in these areas is what has always driven the automotive industry forward and given us many of the cars we’ve loved over the years.
As we explore the top luxury cars on lease agreements for 2024, we will see how these strategies have been applied to create vehicles that not only meet but exceed the expectations associated with luxury motoring.
What Is Business Car Leasing?
Business car leasing is a commercial finance agreement that allows companies, from small enterprises to large corporations, and self-employed individuals to use vehicles for business purposes without the financial burden of owning them outright.
Using business leasing as a way for business owners to get vehicles does have many advantages. It can be used with great flexibility, is often more cost-effective and (for larger companies) it helps manage full fleets in a much more simple manner.
How Business Car Leasing Works
The business car leasing process is simple and starts with choosing a leasing agreement that best fits the business’s needs, considering factors such as lease length, mileage limits, and the type of vehicle required. Once an agreement is in place, businesses pay a fixed monthly fee to use the vehicle for a predetermined period, typically ranging from two to five years. This fee covers the cost of the car’s depreciation during the lease term, making it generally lower than financing payments for buying a vehicle.
One of the key aspects of business car leasing is the option to include maintenance packages, which therefore means that companies don’t have to shoulder the burden of servicing and repairs. At the end of the lease term, the vehicle is simply returned to the leasing company, such as Yorkshire Fleet. This eliminates concerns about resale value and the hassle of selling the car, providing a smooth transition to either extend the lease, upgrade to a newer model, or choose a different vehicle entirely.
Benefits of Leasing Over Buying
Cost-Effectiveness: Leasing a car through a business often presents significant tax advantages. Businesses can usually deduct the leasing costs as a business expense, reducing the net cost of leasing the vehicle. Also, as we mentioned earlier on, the ability to reclaim VAT—100% for vehicles used solely for business purposes and 50% if there’s any personal use—can lead to substantial savings.
Cash-Flow Management: Leasing allows businesses to preserve their capital. Instead of a large upfront purchase, companies can spread the cost of acquiring a vehicle over time, aiding in better cash flow management and freeing up capital for other investments and opportunities of growing their businesses respectively.
Fleet Management: With options for comprehensive maintenance packages, businesses can enjoy hassle-free management of their vehicles. This, coupled with the support of dedicated account managers from Yorkshire Fleet, ensures that businesses can focus on their core activities without worrying about vehicle management.
No Depreciation: Leasing removes the risk of depreciation from the business. Since the vehicle is returned at the end of the lease, businesses don’t have to deal with the loss in value that comes with vehicle ownership.
17 Best Luxury Cars To Lease In 2024
Exploring the top luxury cars to lease in 2024 offers an exciting opportunity to delve into the crème de la crème of automotive excellence. Below we’ve listed each model, the pros it has, its drawbacks, our own conclusion on why it is one of the best luxury cars available, and tried to work out what luxury car has the best lease deal.
1) BMW i7
Pros: The BMW i7 introduces an ‘electrifying’ combination of luxury and sustainability, boasting an impressive electric range, cutting-edge technology, and an interior crafted for your absolute comfort. Its driving dynamics too are incredibly well thought out, providing a quiet yet powerful ride.
Cons: The premium price point and the current public charging infrastructure might pose limitations for some users.
Conclusion: For businesses and individuals prioritising innovation, environmental responsibility, and luxury, the BMW i7 represents the pinnacle of electric vehicle technology in a luxurious package.
2) Mercedes-Benz S-Class
Pros: The S-Class is a car that has long- been synonymous with luxury, it sets benchmarks for grandeur with its interior, technological innovation, and ride comfort. Its status as a symbol of success is well-deserved, offering unparalleled driving and passenger experiences.
Cons: The opulence and technology come at a high cost, both in terms of purchase price and potential repair costs out of warranty. Which means leasing it through a business is going to be the most financially savvy way to get your hands on one.
Conclusion: The Mercedes-Benz S-Class remains the quintessential luxury sedan for executives seeking a mobile office that doubles as a sanctuary on wheels.
3) Bentley Bentayga EWB
Pros: The Bentayga EWB (Extended Wheelbase) offers a lot (and we mean a lot) of luxury, with unrivalled cabin space, some very unique options of customizability, and unmatched road presence. Its performance is as impressive as its appearance, with a powerful engine and refined handling.
Cons: The sheer size might make city navigation and parking a challenge. The vehicle’s cost and maintenance are also considerable, again making leasing a good option if you want to avoid these huge expenses.
Conclusion: For those valuing space, custom luxury, and performance in an SUV format, the Bentayga EWB is unrivalled, embodying Bentley’s pinnacle of craftsmanship and exclusivity.
4) Rolls-Royce Spectre
Pros: The Spectre marks Rolls-Royce’s foray into electric luxury, combining the brand’s signature opulence with electric efficiency. It promises silent propulsion, exquisite craftsmanship, and timeless design.
Cons: As with all Rolls-Royce models, the price is steep, and the vehicle’s weight could impact its range.
Conclusion: The Rolls-Royce Spectre is for the elite seeking to make a bold statement in sustainability without compromising on luxury or heritage.
5) BMW iX
Pros: Like the Spectre, the iX is BMW’s own statement on the future of luxury cars as electrification takes over. An SUV offering a harmonious blend of performance, technology, and eco-friendly materials. Its range and charging speed are competitive, making it practical for daily use.
Cons: The exterior design may be polarising for some, and the price tag places it at the upper end of the electric SUV market.
Conclusion: The BMW iX stands out as a technological marvel, perfect for those seeking a sustainable luxury SUV that doesn’t compromise on performance or comfort.
6) Mercedes-Maybach S680 4Matic
Pros: This vehicle redefines luxury and it commands some serious power with its V12 engine. With exquisite interior finishes, and some options to personalise the car and make it even more your own. It offers an exceptionally smooth ride, ensuring passengers travel in peak comfort and style.
Cons: The Maybach has got quite a high fuel consumption which makes it a costly car to run, along with its high price point, it means that even on a lease it’s going to be costly.
Conclusion: The Mercedes-Maybach S680 4Matic caters to those who demand the utmost in luxury and performance, offering an unrivalled chauffeured driving experience.
7) Range Rover
Pros: Another luxury SUV, the latest Range Rover models offer a perfect blend of off-road capability, on-road performance and luxury. Its design is both timeless and modern, with a cabin that features the finest materials and the latest technology.
Cons: Despite improvements, fuel efficiency remains a concern, and its prestige comes at a premium price.
Conclusion: Ideal for those who demand luxury without boundaries, the Range Rover is as comfortable on rugged terrains as it is in urban jungles, offering versatility, style, and comfort.
8) Bentley Flying Spur
Pros: The Bentley Flying Spur is the epitome of British luxury car manufacturing, with it offering a blend of high performance and handcrafted luxury all with some of the latest mobility technology. Its powerful engine and refined interior cater to those who demand excellence and sophistication in every aspect.
Cons: The exclusivity of the Flying Spur comes with a hefty price tag, and its fuel efficiency reflects its performance capabilities in that it can go very fast and it can go through fuel very fast too, which may be a consideration for cost-conscious and environmentally conscious businesses.
Conclusion: Ideal for companies that want to make a bold statement of elegance and power, the Bentley Flying Spur is unmatched in its class for those who consider luxury a top priority.
9) Mercedes-Benz EQS
Pros: As Mercedes-Benz’s flagship electric sedan, the EQS sets new standards in the EV luxury segment with its exceptional range, futuristic design, and an interior that defines modern luxury. It represents a shift towards sustainability without compromising on the prestige that Mercedes have been known for for decades.
Cons: The advanced technology and new EV platform may present a learning curve for some drivers. Additionally, the initial cost might be higher compared to traditional luxury saloons.
Conclusion: The Mercedes-Benz EQS is perfect for businesses looking to embrace eco-friendly innovations while maintaining a high standard of luxury and brand prestige.
10) Rolls-Royce Phantom
Pros: The Rolls-Royce Phantom is the car that most people think of when they hear Rolls-Royce. It’s a car that in all of its different incarnations has been offering drivers an unmatched level of personalisation, luxury craftsmanship, and just an all round serene driving experience.
Cons: With its unparalleled luxury comes an unparalleled price, making it a choice for those where budget is no constraint. Its size and opulence also mean it’s not the most practical choice for everyday business use.
Conclusion: The Rolls-Royce Phantom is suited for businesses or individuals who demand the very best in luxury and want a vehicle that is as much a statement piece as it is an automobile.
11) Audi A8 and Audi S8
Pros: The Audi A8 has a blend of advanced technology, refined performance, and often understated luxury, making it a top choice for those who appreciate sophisticated German engineering but also a comfortable and luxurious ride. The S8 model adds a layer of sportiness to the luxury saloon, appealing to those who desire a more dynamic driving experience.
Cons: Despite its many virtues, the A8 may be overshadowed by more flamboyant rivals in terms of brand prestige and design boldness. On top of this, the S8’s much greater performance comes at the expense of its fuel economy.
Conclusion: For businesses seeking a luxury sedan that balances performance, technology, and comfort with a more understated elegance, the Audi A8, and its sportier counterpart, the S8, offer compelling options.
12) BMW X7
Pros: The BMW X7 is another one from the luxury SUV range included in this list. Offering spacious interiors, some very advanced tech, and a great on-road performance. It has three-row seating which ensures comfort for all passengers, making it an ideal choice for businesses needing to transport clients or teams in style and comfort.
Cons: Its size might be more than what’s needed for everyday city driving, and its fuel efficiency could be a concern for those looking to minimise their operational costs.
Conclusion: Perfect for businesses looking for a mix of luxury, space, and performance, the BMW X7 stands out as a top choice for companies prioritising comfort and a strong road presence.
13) Audi Q8
Pros: The Audi Q8 has featured on luxury car lease combines the utility of an SUV with the sleek design and performance of a luxury coupe. It boasts cutting-edge technology and a refined interior, providing a smooth and engaging driving experience.
Cons: The coupe-style design means rear headroom and cargo space are somewhat compromised compared to more traditional SUVs.
Conclusion: With its bold styling and impressive performance, the Audi Q8 is suited for businesses that value brand image and want a vehicle that stands out.
14) 2024 Genesis G90
Pros: The Genesis G90 is a brand new adventure into innovative luxury. It offers one of the most comfortable interiors, some very advanced safety features, and incredibly powerful performance. It’s a standout for businesses seeking to make a statement while ensuring passenger comfort and safety.
Cons: Being a relatively new player in the luxury segment, its brand recognition may not be as strong as its more established competitors, and any maintenance issues could take a long time to resolve with not many parts easily available.
Conclusion: The Genesis G90 is an excellent choice for businesses looking to offer luxury and comfort but without just following the crowd and choosing a luxury car that many others will also be driving.
15) Mercedes AMG S63
Pros: This model combines the elegance of the S-Class with the performance of AMG tuning, delivering an exhilarating driving experience without compromising on luxury or comfort.
Cons: The high-performance features come at a premium, both in terms of lease cost and fuel consumption.
Conclusion: Ideal for businesses that demand peak performance in tandem with supreme luxury, the Mercedes AMG S63 is a testament to automotive excellence.
16) Lexus LS
Pros: The Lexus LS is renowned for its reliability, serene and luxurious interior, and Lexus’ exquisite craftsmanship. Its hybrid option offers an eco-friendly choice without sacrificing luxury.
Cons: Some competitors might offer more dynamic driving experiences and newer technology interfaces.
Conclusion: The Lexus LS remains a compelling option for businesses prioritising reliability, comfort, and environmental consciousness in their luxury vehicle choice.
17) 2024 Maserati Quattroporte
Pros: As with all Maserati cars, it has an incredibly striking design, a very powerful engine, and the luxurious interior that is seen in many luxury Italian cars, the Maserati Quattroporte delivers a unique blend of performance and luxury.
Cons: Its exclusivity comes with a higher price point, and its infotainment system lags behind some competitors. As well as this, the reliability of Maserati has been questioned and there are question marks on how well the Quattroporte will hold up over time.
Conclusion: For businesses looking to stand out with a vehicle that combines performance with unparalleled style, the Quattroporte is an unmatched choice.
Lease Luxury Cars With Yorkshire Fleet
Getting your hands on one of these fantastic luxury cars via leasing has never been easier than with Yorkshire Fleet. We specialise in helping our clients source the luxury vehicles which they want, making sure the entire process is smooth, hassle free and straightforward from start to finish.
Why Lease Luxury Vehicles Instead Of Buying Them?
Leasing with Yorkshire Fleet not only grants you access to the latest luxury cars but also offers significant financial advantages. Preserve capital with manageable monthly payments, enjoy tax benefits, and avoid the depreciation costs associated with purchasing. Our leasing agreements are designed with flexibility in mind, allowing you to adapt as your business needs change.
Get Started Today!
Have you found the luxury car you want? Perhaps our list above has helped you make up your mind, but if you’re ready to level up your driving experience through a luxury vehicle lease, then contact Yorkshire Fleet today and get your hands on one of the best luxury cars through business leasing.
Simply request a consultation or give us a call and we’ll be able to get everything started for your journey to luxury driving in 2024.
