Kia Sportage AWD S 2020 lease end advice (lease ends June 2023)

Ask the Hackrs
, ,
1

Hello,

My Kia Sportage SUV 2020 lease is ending in June 2023.
Residual value is 18000 and monthly payment is $299

I am debating extending the lease vs. sell less and lease new EV / PHEV SUV ( do not qualify for with tax credits due to not meeting AGI limits . Hence want to lease or finance). I am okay to make monthly lease payments upto 600 USD or so/

Looking for suggestions from this community.

  1. Do I just extend my lease and look for better deals in 2024?
  2. Do I sell my lease and pocket some equity? That means I need to get a PHEV or EV SUV at higher monthly price . What would be a good deal to look into?

New to this so looking for advice. Appreciate your feedback

2

Many other members have recently faced / are facing the same decision. I’ll move this into the master thread, where you should find relevant insights and get feedback.

3

A post was merged into an existing topic: “Should I buy out my Lease” super thread