Why leasing can be a good way to get a new Kia
Whether you're interested in a new Kia Sportage, Telluride, Seltos, Forte, K5, or any other Kia model, leasing can be a viable way to get one. When you lease a new Kia, you'll pay less money up front, and you will have lower payments every month. Some people in Dayton, OH prefer to lease because it allows them to get a brand-new Kia every few years, with all the latest features and styling, without the long-term commitment of a loan contract.
At the end of your lease period, which is usually 36 months, you will bring your Kia back to our dealership, and you won't have to worry about selling it because you won't own it. At that point, you will have several lease return options.
Options at the end of your Kia lease contract
As you approach the end of your Kia lease, you'll have several choices you can make. One is to simply sign up for a new lease and drive home to Columbus, OH with another brand-new Kia. On the other hand, you might have fallen in love with the Kia you've been driving and want to buy it. That can be a very good strategy because it allows you to start building cash value instead of making lease payments that don't give you any equity.
One other very good option is to move away from leasing and purchase your next new or pre-owned Kia with a car loan. That will allow an Urbana, OH buyer to create long-term cash value and someday own that Kia, thereby eliminating monthly car payments.
Here's what happens at the end of your Kia lease
About 30 to 60 days before the end of your lease contract, it's time to contact our dealership to set up an inspection. That will allow us to determine if your Kia has sustained any excess damage or wear and tear, as stipulated in your Kia lease contract. If so, you'll have to pay for that cost.
In addition, your Kia lease contract will put a limit on the number of miles you can drive every year around Fairborn, OH. If you exceed that number, you'll have to pay an excess-mileage fee. Once you've taken care of any lease-end charges, you will return that Kia to our dealership and exercise one of the options listed above.
How your Kia lease payment is calculated
It's important to understand that leasing is basically like renting a car. The payment on a Kia lease is determined primarily by the amount of depreciation that's projected over the term of the lease, along with the interest rate and any applicable taxes and fees. In effect, you're paying for the portion of the car's value that you use during the lease, along with the cost of financing and taxes.
We'll be happy to tell you more
We understand that leasing can be a somewhat complicated proposition, and it's not the right choice for every driver. There are advantages to getting a car loan and to getting a lease. We can help you decide which approach is right for you when you talk with us at Jeff Wyler Springfield Kia in Springfield, OH.
