MotorTend thought the Giulia lease deal Alfa Romeo was offering buyers a few months ago was a winner, at $399 a month for 36-months seemed like a great offer until now. The automaker managed to outdo themselves and cut down the Giulia lease payments to just $299 a month for 24 months with a $3,299 down payment up front.
Some may wonder what Alfa Romeo is thinking and how they can afford such low pricing on a $39,985 sedan. Usually, short lease terms like the aforementioned one are pricier as most of a vehicle’s depreciation takes place in the first 1 or 2 years, so this deal seems too good to be true.
And it may very well be depending on the individual buyer. Similar rival luxury models, a Giulia’s lease is limited to only 10,000 miles a year and exceeding the limitation result in additional charges. The $299 deal is for a 2LL base package, so luxury amenities like heated seats, blind-spot monitoring, aluminum paddle shifters, or a sunroof will quickly increase those monthly payments.
But that doesn’t mean a base package Giulia can’t stand up against competitive $399 leases. Leasers will get a compact luxury sedan with the most horsepower and torque in its segment and as early adopters, if anything were to go wrong with a vehicle, Alfa Romeo should give its owner and the vehicle VIP treatment.
To assuage the fear that some potential buyers may have, Alfa Romeo had third-party residual trackers backing up their claim about the Giulia retaining 50 percent residual after 36 months. The brand just wants to cycle people through their products with attractive lease deals because they don’t have a large customer base to rely on, so they need to lure customers away from competing brands.
MotorTend has crunched some numbers and found the $299 Alfa lease deal to be one of the best ones out there.
*including destination charges, before incentives