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The Difference Between Leasing and Buying an SUV

This is a glaring question that appears once in a while in the minds of every confused customer. The uncertainty surely isn’t unfounded. With the increasing number of designer cars and adamant manufacturers coming up with cooler ideas everywhere, it’s the customers that face the real bewilderment. Let us first take a look at what SUV leasing has in store for you as opposed to buying:

SUV leasing

SUV leasing comes with many rewards.

The Difference Between Leasing and Buying an SUV
For instance, SUV leasing doesn’t require a lot of money, at least the kind of money you’d need to finance a new vehicle. Some of the drivers who lease a car make no down payment, and the others make a very low one which more or less adapts to their fiscal situation. If the payments are monthly, they are usually very low. Those drivers who make lower payments on their lease are trying to frame for the car’s depreciation. This mode of payment or financial business is entirely different from financing, which sums the price for both the vehicle and the interest as well.

SUV leasing permits drivers to swap cars recurrently. A typical lease would last for two to three years, and this would let the driver get a new car whenever the lease would expire.

Like every coin has got two sides, leasing has also got its drawbacks. Firstly, when the lease is up, you need to send back the car to your dealership. To some of the drivers, this may appear as a ray of sunshine as they wouldn’t have to try to sell it or trade it in. But this practically means that you have to start over right from scratch by signing up for a new lease or perhaps for a new purchase. SUV leasing also ensures that you stick to a particular mileage. If not, you would be in major trouble for tinkering with the lease contract.

Apart from that, SUV leasing also grants you an attitude to care for your car. If you are the kind of driver who occasionally enjoys a scruff with the streetlight pole and also manages an offhand hit with another car in the parking lot, sadly, leasing isn’t for you. Once the lease comes to an end, you’ll be expected to fix all that damage. Secondly, leases won’t allow you to modify or transform even the basic properties of your car, including the stereo. So, if you like to add another coat of paint every month, you should probably get your car.

Buying

This option is for those drivers who like their space and can’t get easily used to the idea of leasing. There are no mileage restrictions, and you can drive as much as you like. You can spoil or beautify your vehicle (it depends) according to your tastes, and you aren’t answerable to anyone but yourself (which is pretty cool).

But the major point that puts out any buyer is obviously the pricing. It’s not just about the costs, but also about the kind of payment that’s expected from you. Most of the lease shoppers hardly make any down payment. When you are buying out a car, you have to pay around 10 to 15 percent of the car’s expenses right then and there. Your savings might cry out in pain, that’s all.

Best SUV lease deals

Here are some end-of-year lease offers on the best selling SUVs from the automakers. You can start this year by getting a new SUV parked in your private driveway, that too with a payment of $300 a month, or lesser!

So let’s find out what are the best SUV lease deals.

2018 Honda HR-V

The deal is $199 a month for three years with $2,699 payable at signing.

With a comfy, roomy space in the backseat and great fuel efficiency with automatic fuel transmission, this SUV tops the list for the right reasons.

2017 Nissan Rogue

The deal is $199 a month for three years with $2,709 payable at signing.

With its classy interior and a brilliant fuel economy, this SUV has been a rage amongst the buyers. It’s addressed as a solid, middle-of-the-road vehicle.

2018 Toyota RAV4

The deal is $179 a month for three years with $2,999 payable at signing.

Comes along with a variety of safety features like a rearview camera and Toyota’s Safety Sense P package that comprises of pedestrian detection, lane keeps assist, etc.

2018 Volkswagen Tiguan

The deal is $299 a month for three years with $0 payable at signing.

This vehicle has got roomy interiors and renders the passengers with a comfortable ride, and has got a third-row seating option as well.

Leasing sure seems more appealing as it won’t carve out a huge chasm out of your savings, and that accounts for a lot. But it entirely depends on your ideas and choices and we are only adding here what we think can be the best!

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