Yes 1. is the norm and of course you have to look for good offer and not just get the first one you see - same as with buying a car. For example, I used to lease a $90000 car for $240 / month with no money down, and fully insured waiver. It’s almost too good to be true, but possible because the maker had a “lease our cars” campaign running when I was looking for one. Meaning this price is subsidized by the maker for marketing reasons for a limited time. But I had to compare offers for about 1 week and had to be flexible with the choice of car, if you want to lease your “favorite car” regardless of campaigns and special offers, then it’ll be too expensive as you say.