Automobile
What are the hottest SUV lease deals?
That’s because a potent cocktail of increasing interest rates, decreasing residual values, and swelling sticker costs is negatively affecting automakers’ promotional lease provides almost across the board.
By way of instance, this month we found a much narrower choice of SUVs leasing for payments of $200 or less than we have before, with models that often populated our best deals lists such as the Subaru Crosstrek, Jeep Renegade, and Mitsubishi Outlander Sport no longer making the cut. We are also seeing down payments edge upwards, with one of those cheapest-to-lease SUVs on our list — the Chevrolet Trax at $169 per month — necessitating a fairly steep $4,019 due at signing (even though it’s slashed to $2,519 for present lessees of GM vehicles); 2 decades ago we quoted this version’s down payment at $1,249.
All the 15 sub-$200 SUV lease deals we are featuring in the accompanying slideshow are for compact or subcompact models, together with the former models generally being the top vendors in all their respective version lines (domestic-brand full size pickups aside).
As always, bear in mind that promotional lease offers frequently vary by area to deal with local supply and demand problems — the above RAV4, by way of instance, is $50 per month more expensive to lease in the Chicago area than it’s in or near New York City, with the exact down payment. Make certain to check the automakers’ sites under a”special deals” or”local offers” tab to discover what’s available locally. All deals are good by the end of June; unless otherwise noted costs quoted are for base models and don’t include options, taxes, or fees.
Finally, bear in mind that leasing a vehicle isn’t for everybody, particularly those who have a tendency to be hard on a car or truck (you are going to face stiff”wear and tear” fees when you turn it in at the end of the term), and drivers who rack up more miles than the contract permits (at an extra cost of between 15 and 35 cents per mile, which can accumulate quickly). And like any vehicular trade, bear in mind that all elements of a lease — notably the trade cost — are negotiable.