I graduated a year ago and have since been exploring leasing options. After moving from Washington D.C. to Seattle and now to the Bay Area, I feel this relocation is permanent. Given my frequent long trips with friends, an electric vehicle isn’t economical for me. Instead, I’m seeking a hybrid or gas car with robust security features and high mileage, ideally over 30 MPG.
So far, I’ve only found Kia and Mazda offering 24-month lease options for hybrid or gasoline cars. The Kia Sportage’s terms—$1,800 due at signing, a 24-month lease with 10,000 miles per year, and $350 per month—are within my budget. I’m wondering if there are better deals available that I might be overlooking, as I’ve found the car leasing process quite challenging. Any assistance would be greatly appreciated.
With very rare exceptions, most vehicles have a 24 month option however many times the 24 month option is more expensive on a monthly basis than a 36 month lease.
If you’re referring to deals from dealers / brokers in the marketplace here on LH most will advertise the term length that makes the most financial sense.
Check your auto insurance rates too… Bay Area rates can be notoriously high, especially for EV’s and first-time car owners (which I’m assuming you are).
@Kctham18 I am a first time car owner so I which the insurance rates. I wasn’t aware that the insurance varies based on that. @BYGFEET Thank you for suggesting. I did reach out to them. @forbs thank you for the suggestion but I feel 24 months option is out of my budget. @ApexHunt I did find a LH deal which and would like an opinion. It’s 2025 Hyundai Tuscon (SEL Convenience) / 24 months - $416 per month / $0 down payment. It looks okayish to me considering the limited options I have. The monthly payment would be a lot but I don’t have any down payment (I was suggested that not having any down payment is a good thing) @AndreG I did check “signed deals & tips” section but from whatever I have read so far I could just see EV discussion.
So just also be aware that if you have a thin credit file (short history), without sufficient revolving accounts or installment loans, or prior auto loans/leases, you may not qualify for the best rates.
You’ll still be able to get a loan or lease, just that it may cost you more than you expected. Just bear that in mind. A lot to consider, good luck!