What SUVs are leasing well?

If you can find one, a Tucson Hybrid isn’t a bad choice.

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Just curious, why is now a good time to be purchasing/financing? I figured it would be a bad time considering the vehicle you purchase may depreciate greatly if the used car market begins cooling off. It would automatically put you upside down on your loan wouldn’t it? I’m genuinely curious, I am still new to this.

I would purchase a kia sportage hybrid if i needed a 5 seat suv with excellent fuel economy.

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What you’re looking for does not exist. So while you may not have been planning to finance, that is the only smart move left when lease pricing does not make any sense.

Even in the good times a lease deal had to be extraordinarily good to be worth paying full taxes on the sales price of the vehicle, as is usual in Texas.

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If you do not need to purchase or lease right now and have the ability to keep driving your current vehicle I would absolutely recommend doing that. You are correct, it is tough sledding right now, either leasing or purchasing. Many people come to this site that either through a need or want, they have to have a new car, and at this point and are trying to make the best of the situation at hand.

Historically leasing has been a way to get something new every 2-3 years with minimal cost and as you mentioned, offload the risk of depreciation to the lessor / bank. The way that happened was through a combination I mentioned earlier, a high rv, a low mf, incentives, and a dealer discount that is far higher than we have seen in the last 18 months. The difference in the monthly cost to lease vs finance has greatly shrunk. Now the question is why lease for $500 month when you could own it for $600 month. Take into consideration that you have no acq or disposition fee on a purchase though you do have taxes on the full amount and in the case of OP, Texas, taxes the full price of the car whether you buy or lease. For most vehicles, if you have to have it now, we recommend purchasing it and ideally you place an order vs on the lot to ideally get a few more percentage points off msrp. Their are a few vehicles that have been exceptions lately but they are rare and no five seat suv’s come to mind. Unless a Wrangler 4xe will fit your needs.

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Another way to frame your first question: why is it a worse time to lease now?

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My Bolt lease ended a couple years ago. The other car I have is a 2007 Accord which is pretty banged up.

I just need a newer car, preferably a 5-seater SUV to serve the needs of the family (driving around city, road trips, hauling kids and their bikes and my electric bike, etc.).

Been holding off the purchase hoping that the market would get better but things don’t seem to be improving.

Can I interest you in a Wrangler 4xE?

Doesn’t the Jeep deal conceivably work for the Grand Cherokee 4XE? Same discount. Same rebate?

discounts aren’t as good. numbers aren’t as good.

@ilpapa

I know the residual isn’t as good, but the $7,500 rebate should still be there. And. I assume affiliate pricing still exists at the very least. Feels like you might be able to still squeeze out a decent deal if the OP is indeed looking for a SUV specifically, It might be worth at least letting @Clutch run some numbers. And with gas prices going up, I would also assume the 4XE residual might be fairly solid even on the Grand Cherokee. :man_shrugging:

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Hello everyone Aim From New jersey and i am currently looking for a car for lease o finance… at the moment i have a lease SUV 2019 Hyundai santa fe limited ( gun metal grey/black interior ) $405 months 53.8k miles …i have 2 months left for the lease end…

soo i nee help to find a suv similar to mine eg kia Sorento { beautiful car } and less that $400 a mont… am open to option

top 4 pick
lates kia sorento
lates mitsubishi outlander
lates Wrangler (optional)
lates honda passport

i have a 1 year old daughter, i need that space in the vehicle…i need too bee under $400… top $420$430 a months

thank you for you help

Youre unlikely to get any of those at that price

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I have one year old son, you don’t want a wrangler, but it may be your only option under 400

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What are the numbers to buy out your current lease and drive it for a few more years? I believe Hyundai has a pretty good warranty or you could pick up an after market warranty if that is a concern.

It’s likely one way to keep your payment low.

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yeah i know "(… i have a deal in hold with a 2023 kia sportage ex blk\blk 3500 signup 12k/48moths for $440

even a van–sedan i take at this point. the market its really bad … i will take anything

20.1k buy out option
and extend the lease they want $480

Have you looked at what the car is worth if you buy it out?

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You’re going to pay more to lease a smaller sportage for 4 years vs the total amount to buy and own your 2019 Santa Fe?

Plus it’s possible that Sportage deal including rolling in some equity.

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