Is Leasing a Kia Right for You? Pros and Cons

The latest Kia leasing options mean that it’s never been simpler to get your next car. Whether you prefer an outright purchase or a lease, you’ll have flexible options to choose from. Leasing has become a popular option for many, but it’s not right for everyone. Head down to your local Kia dealership to find out which would suit you the best.

Pros

Affordable Payments

When you lease a Kia, you’re not paying for the full price of the car, just the cost for the period you use it. This means that monthly repayments are typically lower than financing the same car. There are many leasing arrangements that don’t require an upfront payment, which makes it an even more budget-friendly pick.

Complete Flexibility

A lease isn’t a long-term commitment, so it’s easy to change your car more frequently without a big financial outlay. You can pick the length of the lease to suit your circumstances, with different terms available. You can also choose from different ways to structure your payments, including plans with no upfront costs. This gives you maximum flexibility to find the lease that works for you.

Lower Maintenance Costs

Most Kia lease plans include maintenance costs, so you won’t need to budget for any repairs. Although Kias are known for being reliable and economical to maintain, a lease removes the bulk of any concerns you may have about unknown expenditure. Your local Kia dealership can handle any maintenance or repairs during your lease, keeping your auto in top-notch condition.

Cons

No Trade-In Value or Ownership

The monthly lease payments cover the cost of using the vehicle but don’t build equity. This means at the end of the lease there won’t be a trade-in value. However, with many leases not requiring an upfront payment, this is likely to be less of an issue for many.

No Permanent Modifications

Since you’ll be returning the car at the end of your lease, you can’t make any permanent modifications to the vehicle. This typically includes anything that involves cutting into the car, changes to the performance, or cosmetic alterations that can’t be easily undone. Simple modifications such as electrical devices that can be unplugged aren’t restricted. 

Restrictions on Mileage

When you set up your lease agreement, you can decide how many miles you’d like to include. This helps to determine the overall cost of your lease. If you go over your mileage allowance, you’ll usually have to pay a financial penalty. However, you can change the mileage allowance at any time if you realize it’s not high enough. It’s usually more economical to change this close to the start of your lease agreement, if possible.

If you’re trying to decide whether to lease or buy your next Kia, we can help. Visit us at Coughlin Kia of Newark in Newark, OH and speak with our finance team. We also have dealerships in Lancaster, Dublin, and Lewis Center, OH for your convenience. 

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