Many people consider driving a Bentley to be the height of luxury. However, these vehicles often come at a sticker price that makes them inaccessible to the average person. If you’ve been dreaming of driving a Bentley on a budget, leasing may be the right option for you.
The monthly cost of leasing a Bentley will vary based on the model and leasing terms you choose. However, your monthly lease payments will likely range between $2,500-$6,500 on average. Typically, the Bentley Bentayga and Flying Spur will have the lowest monthly payment, around $2,987/mo, while the Mulsanne and Continental will be more expensive, at $4,472/mo.
Below, we’ll discuss more information on the cost of leasing a Bentley. We will also highlight some other factors to consider. Keep reading before you sign that lease agreement!
- How Much Does It Cost Per Month to Lease a Bentley?
- Is It Better to Lease or Finance a Bentley?
- What Insurance Do You Need on a Leased Bentley?
- How Do You Get Approved to Lease a Bentley?
- The Bottom Line
- Related Guides
How Much Does It Cost Per Month to Lease a Bentley?
If you lease a vehicle, you’ll have to make payments each month. These payments are calculated based on the value the vehicle loses throughout the length of your lease. Different Bentley models come at different sticker prices, so the monthly payments will vary.
While some Bentley models will cost as little as $2,500 per month to lease, others can cost up to $6,500 per month. The table below will highlight the average monthly cost of leasing different Bentleys.
|Vehicle Model Name||Low-End Monthly Cost||High-End Monthly Cost|
If budget is your primary concern, consider leasing either the Bentley Bentayga or Flying Spur. These tend to have the lowest monthly costs. However, if you don’t mind spending the extra money every month, you may be able to swing a Continental or Mulsanne.
What is the Average Leasing Term for a Bentley?
When you lease a vehicle, you’re tied to it for a certain amount of time. This is known as your “leasing term.” Some leasing terms are as little as two years, while others are as long as five years.
Typically, Bentley’s lease terms are between 36-48 months. This is equivalent to 3-4 years. While 36 and 48 months are most common, 42-month terms (three and a half years) are also available.
Is It Better to Lease or Finance a Bentley?
For many people, purchasing a Bentley outright is out of the question. With MSRPs between $160,000-$300,000, they are some of the most expensive vehicles there are. So, you’re left with two options: leasing and financing.
Whether leasing or financing is a better option depends on your needs and circumstances. Below, we’ll highlight the pros and cons of both options, as well as the differences in monthly payments.
Leasing a Bentley
As we discussed above, leasing a Bentley can cost between $2,500-$6,500 per month depending on the model you choose. Depending on who you lease from, you may also have to put some initial money down.
While some lessors offer leasing specials with $0 down, the average initial investment is between $10,000-$15,000.
One of the biggest advantages of leasing is flexibility. Once your leasing term ends, you have the option to extend the leasing period, purchase the vehicle for the remaining value, or upgrade to a different vehicle.
If you do choose to upgrade, you’ll have access to all the latest features as soon as they come out.
However, a leased vehicle is never your own. You can’t modify it at all, nor can you drive it as often as you’d like. Most leased vehicles come with annual mileage limits, and for Bentleys, these are typically between 10,000-12,000 miles per year.
When you lease a Bentley, it makes sense to have a second vehicle you can take on long drives. You don’t wait to waste all your annual miles at once!
Financing a Bentley
Monthly financing payments towards a Bentley are often comparable to monthly leasing payments. However, a more substantial initial investment is typically required.
When you finance a car, it’s recommended that you put approximately 20% of the purchase price down initially. Depending on the model you choose, this initial investment could be anywhere from $30,000-$60,000.
With this 20% down, your monthly Bentley payments will likely be between $2,300-$4,300. In some cases, this is even cheaper than monthly leasing payments. However, it’s only attainable if you can afford the downpayment.
A financed Bentley is yours to do whatever you’d like with. You can drive as much or as little as you’d like to, modify it aesthetically or functionally, and even sell it in the future.
Bentleys hold their value well for up to seven years, giving you plenty of time to enjoy it at a high valuation.
What Insurance Do You Need on a Leased Bentley?
The insurance requirements for a leased vehicle are different from those for a vehicle you own. In addition to traditional liability insurance, you’ll also need comprehensive and collision insurance. In some cases, you may be required to have a gap policy, as well.
With all of this taken into account, your insurance costs could be between $350-$400 per month, or $4,600 annually.
While this is more expensive than the average insurance cost, it’s not too high when compared to the cost of insuring other luxury vehicles. Below, we’ll highlight what each policy covers and why you’ll need it.
What is Comprehensive Coverage?
Comprehensive insurance covers non-collision-related damage to your vehicle during your lease.
This includes things like
Damage from hitting an animal
A comprehensive claim can be filed no matter who is at fault for the damage. The limit is decided based on the value of your vehicle, and you’ll have to meet a deductible before coverage kicks in.
Most insurance agents suggest a comprehensive deductible between $100-$500. Comprehensive claims are usually filed for minimal damage, so a lower deductible may seem more reasonable. However, the lower your deductible, the higher your premiums will be.
Having comprehensive coverage is necessary to protect the lessor of your vehicle. Since they are the ones who own the vehicle, they will be losing out on value if damage like this is not repaired.
What is Collision Coverage?
Collision coverage kicks in if your car is hit by either another vehicle or an object. Unlike comprehensive coverage, collision insurance only applies when you’re involved in a collision.
While liability insurance will not cover an at-fault driver, collision claims can be made whether you were at fault for the collision or not. The limit is decided based on your vehicle’s value.
Damage from collisions is often more extensive than other types of damage. For this reason, a higher deductible makes sense to keep your premiums low. It’s usually recommended that you have a deductible between $500-$2,000.
Like comprehensive insurance, collision coverage helps the lessor retain the value of their vehicle. If there’s any unrepaired damage at the end of your lease term, the lessor will not be able to lease the vehicle until it’s repaired.
What is Gap Coverage?
Gap coverage is usually not required. However, most lessors recommend it. Gap insurance also called “loan/lease gap insurance” helps to pay off the value if the vehicle is totaled or stolen.
This type of coverage works in conjunction with both comprehensive and collision insurance. This policy is only available to leaseholders and typically comes with a deductible. In most cases, agents recommend a deductible of between $500-$1,000.
How Do You Get Approved to Lease a Bentley?
There are a couple of ways to begin the Bentley leasing process. You can get a lease directly through your local Bentley dealership, or you could work with a third-party lender. Different lessors will have different requirements and deals, so be sure to shop around before you choose.
The first thing you’ll need to do is apply for a lease. It’s usually advised that you get pre-approved for a lease early on in your car shopping journey. This way, you can shop without worrying about whether or not you will be approved for your dream car.
The application process will differ depending on who you work with.
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
Once the lessor has all of this information, they will review your income and perform a credit check. If you meet their requirements, you will likely be approved for a lease.
The Bottom Line
If you cannot afford to purchase a Bentley outright, leasing is a great alternative. Depending on the model and lease terms you agree to, you may be required to make monthly payments between $2,500-$6,500.
Some Bentley models are more expensive to lease than others. For example, the Mulsanne and Continental will generally have the highest monthly payments. If you’re looking for the most budget-friendly option, consider leasing a Flying Spur or Bentayga.