Kia Lease Deals – Allentown PA

The surge in interest in Kia lease deals continues to gather momentum with each passing day, and it becomes all-too-easy to understand why once you take a moment to recognize the shared space that both Kia and leasing occupy. We’ll get to that a bit further but, right now, let’s focus on you. You’re interested in exploring the option of leasing a Kia? That’s great, but is it the right fit for you? 

Leasing comes with a long list of incentives deserving of consideration, paired with an equally important list of limitations that can’t be overlooked. If it was the perfect option for everyone, everyone would do it. The same could be said for buying, so it comes down to identifying those incentives and limitations and determining how well they align with the unique demands of both your budget and lifestyle. 

And since we’re here to make that process easier on you, we’re going to take care of the first part by identifying those incentives and limitations (for both buying and leasing) and laying them out there. The rest, as they say, is up to you. 

Short-Term Satisfaction 

While that header might sound more critical than intended, the simple truth is that leasing can be the simplest path to satisfaction, and it’s a relatively short-term commitment. This, right off the bat, establishes a large part of the appeal. While financing a vehicle might tie you to that vehicle for four, five, six years or more (depending on the buyer’s financing plan and long-term plans) a lease empowers you to move onto your next vehicle within 24-36 months. 

In addition, it’s a simplified means of exploring makes, models, and trim levels that might be slightly outside of a buyer’s price range (if they had attempted to buy the same vehicle). This ease of accessibility allows many lessees to be more passionate about their vehicle selection, feeling more like a reward than a budget-driven consolation. From more luxurious cabin experience to superior performance, these (often better-equipped) vehicles speak to a greater assurance of satisfaction. Hence, satisfaction in the short-term. And while that (in itself) provides plenty of incentive, there are a number of other factors that sweeten the deal and should be considered. 

Going hand-in-hand with the appeal of driving a higher tier vehicle, comes the understanding that you’ll get to enjoy it during its most trouble-free years. And if there are any issues, they’re likely to be covered by the vehicle’s warranty. 

During the life of the lease, a lessee will typically have lower monthly payments than they would if financing a vehicle. In fact, lease payments could be up to 60% lower! These savings are based on the fact that a financed vehicle amortizes the vehicle’s entire value across monthly payments, compounded by APR of the loan. Lease payments, on the other hand, are based around the depreciation the vehicle will experience over the life of the lease. This minimizes the monthly burden (and let’s be honest, who doesn’t love the idea of savings). 

And of course, there’s the appeal of stress-free trade-ins and the enjoyment of driving a new vehicle every two-to-three years. As my grandmother pre-owned to say, “Aint nothing wrong with that!” 

Exploring the Downsides 

Let us repeat one more time for the people in the back: leasing is an ideal solution for some people, but not for others. And that’s okay. It’s why there’s more than just one option available to you. That’s said, let’s talk about some of the aforementioned limitations of leasing that you need an understanding of, in order to make an informed decision. 

As with financing a vehicle, leasing requires a lifestyle that is both predictable and stable. This means a source of income that can support the monthly payments to be made across the life of a lease or financing terms. And while this might better be described as simple reality, as opposed to a downside, it’s an important one. Leasing should only be considered if you have the financial and employment security to proceed with confidence. Failure to support the lease payments could expose you to greater liability and early termination fees. 

But the need for predictability comes in terms of driving habits as well. Consider the topic of mileage, with the understanding that Kia lease deals normally require annual mileage to fall in at 12,000-15,000 miles or below. For those with predictable driving habits, light on travels and focused around consist commuting such a restriction might be no problem. But for those with more aggressive commutes or a love of joy-riding and travel, restricted mileage might not work. Of course, you can purchase additional mileage up-front, but some people simply prefer the freedom of driving when, where, and how far as they want. 

Another concern comes in terms of upkeep, both externally and within the vehicle’s cabin. Our customers come from all walks of life, and we love that. But the decision to lease a vehicle makes you the short-term caretaker of that vehicle as if you’re borrowing it from the dealership with an expectation that it will be returned in the same (or similar) condition. This means that the exterior will be well-maintained, and the interior will be kept clean and damage free. While some might live very controlled lifestyles, only going from Point A to Point B an back again, often with few passengers onboard, a lease might be perfect. But what happens when your travels take you off the beaten path, you live an active lifestyle, or your passengers include young children and/or pets? The simple truth is that there are more variables-at-play to challenge the terms of the lease, and could result in additional fees. 

These are just some of the universal factors pertaining to leases that you should keep in mind. All lease programs are built differently, and Kia lease deals are no exception. That said, how does buying a Kia measure up against leasing one? 

Thinking About Financing / Buying?   

There are both upsides and downsides. In terms of the former, simply put, you’ll own that vehicle once it’s paid off. Since the end-goal of financing is ownership, you have the freedom of customizing that vehicle any way you like and driving it as many miles as you wish. There are no expectations or restrictions in place. In addition, it is yours to care for as you wish, in a penalty-free environment, and you will continue to build equity towards your eventual trade-in. 

On the downside, you’ll have a longer relationship with the vehicle, including higher monthly payments. Ownership past the expiration of warranty means additional out-of-pocket costs for both maintenance and repair, and you’ll be independently responsible for negotiating its eventual trade-in and sale. 

To Buy or To Lease 

As we said in the beginning, the decision to buy or lease a vehicle (Kia, or otherwise) is a personal one, with the respective pros and cons weighted against the unique demands of one’s budget and lifestyle. Understand the options available to you, and choose wisely.