Top SUV Leases to Consider

Leasing a vehicle provides many advantages over buying a new SUV. Read on to learn more about the benefits of leasing a new 2023 SUV this year!



When it comes time to get a new vehicle, one of the most common dilemmas drivers face is choosing between purchasing and leasing a vehicle. In the past, conventional wisdom stated that it was preferable to purchase a vehicle if you can instead of leasing. Although this may be true in some cases, most people do not have the cash on hand to buy a vehicle outright, meaning they must take out a loan on a depreciating asset. 

Because of this, many consumers are turning towards leasing, as it offers them a handful of advantages over buying a car that cannot be ignored. Throughout the rest of this article, we will take a more detailed look at how leasing works, the different advantages leasing offers, as well as some of the best SUV leases available right now.

How Leases Work

When you purchase a new or used vehicle, you must pay the entire price using cash, a loan, trade-in, or a combination of the three. When it comes to leasing a vehicle, you are essentially renting the vehicle from the dealership for a predetermined period of time. How much the lease will cost depends on the vehicle's current price and expected value once the lease is up.

For example, say you lease an SUV with a current price tag of $30,000, and the dealer expects the vehicle to depreciate by $8,000 by the time the lease is over. In this case, you would be required to pay the full $8,000 plus monthly fees and interest over the course of the lease agreement, which typically runs 24 to 36 months. Once the lease is up, the vehicle is usually returned to the owner or exchanged for another lease. 

Advantages To Leasing Over Buying

As mentioned in the opening paragraph, leasing offers consumers various advantages that make it an attractive option for some. Below is a brief overview of some of the benefits of leasing compared to buying.

  • Lower Monthly Payments: For anyone concerned about high monthly car payments, a lease may be a better option than buying. Not only are monthly payments less than car loan payments, but most leases require no downpayment to qualify.

  • New Car Every Few Years: For many individuals, the possibility of driving a new car every few years is very appealing and is one of the reasons why leasing is becoming more and more popular. When you purchase a vehicle, it becomes something of a long-term commitment, something which cannot be said about leasing.

  • Low Maintenance: New vehicles usually come with a two to three-year manufacturer's warranty, which also happens to be the standard period of a lease. Because of this, anyone who leases a new vehicle will be covered under warranty, which effectively eliminates any extra costs associated with unforeseen car troubles.

  • No Trade-In/Resale Hassle: Anyone who has had to go through the process of selling or trading in an older vehicle knows how difficult it can be to get fair value. Beyond this, selling a vehicle can take up a considerable amount of time, which can be troublesome for people with already busy schedules. Leasing, on the other hand, presents none of these issues as the vehicle is simply returned to the owner once the contract expires. 

Top SUV's to Lease This Year

Chevrolet Trax: The first SUV on our list is the compact, city-friend Chevrolet Trax. For the price, the vehicle is known to provide users with a smooth driver experience, high performance, and an impressive entertainment system.

  • Average Monthly Lease Payment: $212

  • Average Lease Term: 36 months (24 - 36 available)

  • Average Due At Signing: $2,000 

Buick Encore: The Buick Encore is another subcompact SUV that is geared towards city driving. Aside from providing a smooth driving experience, the five-seat SUV also comes with in-car WiFi, Android Auto, and Apple CarPlay.

  • Average Monthly Lease Payment: $419

  • Average Lease Term: 36 months (24 - 36 available)

  • Average Due At Signing: $2,000 

Honda HR-V: For those looking for a lease under $200 a month, it is hard to beat the Honda HR-V. Not only does the vehicle come with excellent gas mileage and a comfortable interior, but it also sports many of the standard features one would expect from a new SUV.

  • Average Monthly Lease Payment: $178

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Hyundai Tucson: The Tucson is a stylish and value-packed SUV that comes with a four-cylinder, 181 HP engine, decent cargo space, and an overall quality driving experience.

  • Average Monthly Lease Payment: $343

  • Average Lease Term: 36 months (24 - 36 available)

  • Average Due At Signing: $2,000

Nissan Rogue: For its price, the Nissan Rogue offers an impressive list of features that do not come standard in other vehicles within the same price range. Such features include pedestrian detection, forward collision warning, and Android Auto. 

  • Average Monthly Lease Payment: $313

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Jeep Compass: The Jeep Compass is one of the nicer-looking vehicles on this list and is one of the few that can handle some decent off-road obstacles. Aside from this, the SUV-crossover is sometimes seen as lacking compared to its competitors, such as the Honda HR-V, and comes with a much higher monthly lease rate.

  • Average Monthly Lease Payment: $414

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Kia Sorento: With its third-row seating, the Sorento is one of the larger vehicles on this list. Aside from its impressive powertrain and smooth handling, the Sorento comes with a handsome interior.

  • Average Monthly Lease Payment: $336

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Subaru Forester: The Forester is an all-wheel-drive SUV that providers drivers with a roomy interior and smooth handling. Even if its interior is a little basic compared to other SUVs in the same price range, it is still considered an excellent vehicle.

  • Average Monthly Lease Payment: $254

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000 

Mazda CX-5: Of all the SUVs on this list, the Mazda CX-5 is perhaps the best value as it offers a luxury feel with an economical price tag. Of all the positives about this vehicle, one item that stands out is the comfortable and ergonomic interior, an area where the CX-5 outcompetes other vehicles of similar price. 

  • Average Monthly Lease Payment: $316

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Toyota Rav4: The Rav4 is another compact SUV that provides smooth handling with some off-roading capabilities. The Rav4 can be thought of as a mix between the 4Runner and Tacoma truck and has proven to be a popular model amongst consumers.

  • Average Monthly Lease Payment: $263

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Ford Explorer: No list of SUVs would be complete without the classic Ford Explorer. Aside from impressive power for a midsize SUV, the explorer also provides the driver with comfortable front row seating and a more spacious interior compared to other makes of similar size.

  • Average Monthly Lease Payment: $441

  • Average Lease Term: 36 months (24 - 48 available)

  • Average Due At Signing: $2,000

Locating SUV Deals Near You

At times you may see ads for SUV lease deals but unsure where to find SUV lease deals near where you live, luckily there are always SUV lease deals running no matter what time of the year it is. Due to the state of the world right now, a lot of SUV dealerships and makes want to offer ways to make getting an SUV easy. Some dealerships like Acura and Chevy are even offering NO MONTHLY PAYMENTS FOR 90 DAYS for those who qualify. In addition, you can locate other dealerships that offer no money down for SUV leases.


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