Leasing Your Next SUV or Sedan

If you’re determining between buying vs leasing, the team at Spitzer Kia Cleveland is here to help. Our team is committed to helping you find the perfect new, used or certified pre-owned vehicle at our Kia dealership, but we also want to keep you informed with our FAQ. Learn more about the benefits when working with the team at our Kia dealership.

Check out this FAQ section to find all the questions and answers you need to know about the differences between buying a car and how to lease your next vehicle.

How Does it Work?

If you’re wondering how to lease your next vehicle, we are here to help. Simply put, this option is similar to renting a brand-new SUV or sedan from our Kia dealership. During the duration of your contract, you make monthly payments. Once the contract has ended, you simply return the vehicle after an inspection for wear and tear.

How Does a Lease Differ From an Auto Loan?

When buying a vehicle, you must pay cash or secure an auto loan. Even though you make monthly payments on your car or SUV, with an auto loan, once you’ve satisfied the loan, you own the vehicle outright, giving you the option to keep it, sell it outright or trade it in at our Kia dealership.

Does a Car Lease Include Mileage Limitations?

In most cases, yes. The leasing company will determine the number of miles you can drive during the terms. If you exceed the number of miles, you may be required to make an additional payment when your contract has ended.

How Long Does a Lease Last?

The most common terms last 36 months; however, there are some options to secure a contract for 24 months. Check with our team to learn more about your options.

Do I Have to Maintain My Vehicle with a Car Lease?

Yes. During the term, you must maintain the vehicle, which includes routine maintenance and scheduled services. The benefit, though, is that you are driving the vehicle during its most trouble-free years.

Can I End My Lease Early?

Although you can end the contract early, know that there are usually high early termination penalties that apply. We recommend contacting the team at our Kia dealership to discuss your options.

What are the Options at the End of a Lease?

You have several options. As detailed in your agreement, you are only obligated to turn in the keys and pay any mileage fees at the end of the contract. However, you do also have the option to purchase the vehicle or upgrade to a new contract.

H2 What is a Resid

ual Value?

Residual value is the pre-arranged value that the manufacturer has determined the vehicle is worth by the end of the terms.

Will a Lease Show Up on My Credit Report?

Yes, because you are obligated to make monthly payments and owe a debt, payments are reported to credit bureaus. Late payments may negatively affect your credit score.

Should I Lease or Buy?

Ultimately, the decision is yours, but you’re not alone. The team at Spitzer Kia Cleveland is here to help you weigh the pros and cons and make a decision that benefits you and your family. Reference our FAQ pages and car leasing FAQ to learn more about whether or not this option is a good fit.

Leasing at Spitzer Kia Cleveland

Now that we’ve outlined the car leasing FAQ, it’s time to stop in at our Kia dealership to learn more. Our team is eager to spotlight the pros and cons while showcasing our premium collection of new, used, and certified pre-owned vehicles. As part of our commitment to customer service, we are also proud to present the Spitzer Shield. This incentive program offers you even more perks like a car buyer with a nationwide powertrain limited warranty and price protection.

Contact the team at Spitzer Kia Cleveland today to find your next vehicle and learn more about the FAQ we have to offer.