FAQs About Leasing a Kia

Answers to Your Frequently Asked Questions About Leasing

Have you been thinking about getting a new Kia or new-to-you car?  Maybe you've considered the prospect of leasing a low payment lease vehicle.  If so, you're in the right place!  At Superior Kia in Cincinnati, OH, we understand that acquiring a new or pre-owned vehicle is not something that many people do very often.  Our goal is to answer your questions so that you can make the decision that works best for you.  Let's consider some basic questions about leasing.

Why is Leasing a Good Option?

For several reasons, the decision to lease a Kia may be a good option for drivers in Fairfield, OH.  For instance, by leasing a car, rather than purchasing it, you almost always are able to get a current model year vehicle, with lots of available features, while keeping the low monthly payments lower.  Newer vehicles also tend to come with more safety features than older models, so leasing a car can provide some definite real-life advantages.

There are other benefits.  Most leased cars, being new, come with warranty protection.  Some part of your monthly lease payment, as well as the vehicle's depreciation, may be tax deductible.  When it's time to turn in the vehicle at the end of the lease agreement, it's a simple process that requires no negotiation, and drivers in Covington, KY, can choose to purchase the vehicle for a price that was pre-determined in the lease agreement.

Another benefit of leasing is the residual value of the car, which is set at the time the lease is signed.  This means that, although the car may lose market value more quickly than expected, drivers in Batavia, OH, will not be responsible for that decreased value.  In fact, at the end of the lease term, if the car is worth more than the residual value, you may be able to take advantage of that difference and use it as a down payment on your next lease.  For many reasons, leasing may be the perfect option for retirees or people who live on a fixed income.

How Long Does a Lease Last?

When drivers in Harrison, OH, lease a vehicle, they essentially are renting it from the dealer for a certain length of time.  Lease terms can be as short as 24 months or as long as 48 months.  Generally, the longer the lease term, the lower the monthly payments.  It is a question of what works best for you and your budget and lifestyle.  A longer lease term means that you probably will be keeping the vehicle longer before turning it in to the dealer for a newer model.

Do I Have to Put Money Down?

Some amount of down payment usually is required on a car lease, but it tends to be lower than the down payment would be for a new car.  The higher down payment you are able to make, the lease will be the amount of the lease.  This not only will lower your monthly payments but also decrease the amount of interest that you will pay over the life of the loan.

How Many Miles Do I Get with a Lease?

It is common for leasing contracts to set mileage limits of between 10,000 and 15,000 miles per year.  If you exceed the mileage limits set forth in your lease contract, you could be charged up to 30 cents per additional mile at the end of the lease.  For example, if you exceed the mileage limit by 5,000 miles, you could end up owing an extra $1,500 (at 30 cents per mile) when you turn the car in at the end of the lease.

To avoid extra charges, it is essential that you examine your driving habits over a period of time before you sign the lease.  Consider your daily commute as well as any long trips you are likely to make.  If you know that you'll probably drive more miles than the agreement allows, you could request a higher mileage limit.  That probably will increase the amount of your monthly payments, though, because additional miles will result in greater depreciation.

Obviously, there are many things to consider when deciding to lease a new or pre-owned vehicle.  The professionally trained sales team at Superior Kia lease center are ready to guide you through the process.  We want you to explore our extensive inventory of new Kia lease specials and models.  Afterward, we will sit down with you to discuss your options.  We are confident that we can get you into the lease vehicle that is perfect for you.  Contact us today to set an appointment for a test drive in your next Kia vehicle!

Contact

Superior Kia

260 W. Mitchell Avenue
Directions Cincinnati, OH 45232

  • Sales: (513) 541-3300
  • Service: (513) 354-3252
  • Parts: (513) 541-4212

Hours

  • Monday 9:00 am - 8:00 pm
  • Tuesday 9:00 am - 8:00 pm
  • Wednesday 9:00 am - 8:00 pm
  • Thursday 9:00 am - 8:00 pm
  • Friday 9:00 am - 6:00 pm
  • Saturday 9:00 am - 5:00 pm
  • Sunday 12:00 pm - 5:00 pm