Kia Lease Deals

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When customers come to our Kia Lease Deals Philadelphia dealership, there may be some confusion about whether to buy or lease their new Kia model. Which is better for you? Which gives you what you want? Our team understands that when you want a new car, there's no room for confusion. We've compiled a quick selection of frequently asked questions regarding Kia leases. How Do New Car Leases Work? When you choose to lease a new Kia Soul, you're only borrowing for a small percentage of what that vehicle is worth. You can avoid making hefty car payments or borrowing more than you're comfortable with, and a down payment helps keep costs lower. When your lease term ends, you return the car and decide on your next step. How are Leases Calculated? Lease payments are determined by 1. Manufacturer's incentives 2. Dealer discounts 3. Trade value or Lease Equity. What Are My Options When the Lease Ends? You can turn the vehicle in, trade it for another, or walk away. What are lease mileage charges? When a customer fails to adhere to the annual mileage restriction, a fee may be incurred at lease end for overages. What is Lease equity? This occurs when the residual value (lease-end buyout amount) is less than the current market value. Often, equity exists in the hundreds, if not thousands. What are lease termination charges? Sometimes, a lender has lease termination fees, which will be disclosed up-front and are listed on the lease contract. Call us at (267) 952-6650.