Myths of leasing explained
There are so many reasons why not to lease a vehicle...or are there? Many people have a stigma about leasing and then discover that many of their fears are just myths. Here are a few common examples...
Can I get out of my lease early?
Answer: Yes! You may purchase the vehicle outright at any time during the lease or you can also trade it in towards a new lease or the purchase of a vehicle!
I'm in an existing lease but don't need my car anymore. What can I do?
Answer: We buy cars! Doesn't matter if you leased somewhere else! If you want out of your lease, and you your outstanding lease balance is less than what the car is worth, we will purchase your vehicle from you and pay off the existing lease!
If I get a few scratches on my lease am I going to have to pay for them?
Answer: Not exactly. Kia's leases expect normal wear and tear.
I drive a lot of miles. Won't I have to pay a lot of money when I turn the lease in?
Answer: No! If you know you drive a lot of miles you can select a high mileage lease! 10,000 miles per year and up is no problem for a Kia lease! You can also purchase the car outright at the end of the lease if you choose!
Don't I have to put a lot down at signing to get a lease?
Answer: No! We have leases where you don't have to put any money down at signing!
Aren't payments higher with a lease?
Answer: No! In fact many times the payment is 50%-70% of a normal monthly payment if owning the vehicle!
What about maintenance? Do I have to pay all the maintenance on the vehicle throughout the lease?
Answer: Not exactly. Because you are getting a new vehicle you will be covered under the bumper-to-bumper warranty all of your lease! Plus we cover your maintenance free for the 1st year!
What if I'm over the allotted miles or getting close?
Answer: if you trade the car in or buy it out mileage overage penalties do not apply.
What do I do at the end of the lease?
- Turn it in and walk away. You also have the option of just turning your vehicle in at the end of the lease and finding another car!
- Trade it in. You may have equity to use against your next lease.You could also trade in your leased vehicle as 90% of leased Kia vehicles have remaining equity in them!
- Buy it out. If you still love your Kia buy it outright! If you want to try out a newer Kia model, lease another one!