So you're in the market for a brand new Kia, and you aren't sure about making a long-term commitment. That's perfectly fine, as leasing is the perfect way to get a brand new car at a monthly rate that fits perfectly into your budget. However, we get a lot of customers around Harrisburg PA and beyond who have never had a car lease before, and there are a lot of differences and terminology that you may be unfamiliar with.

At Lancaster Kia, we think that an informed customer will always make the choice that's right for them, which is why we've compiled our best tips for leasing a Kia from us. So, no matter if you're a first-timer or a lifelong lessee, these are the things we think you should know before you lease a Kia.

Know the Terminology

There is a lot of fancy verbiage that goes into a lease agreement, and reading it over is more than enough to make your head spin. So here are a few of the big ones you need to know:

Capitalized Cost: The price of the vehicle. This is different from the MSRP, as it factors in any discounts or reductions that are available at our dealership.

Money Factor: Your interest rate on the funds that are financing the lease.

Residual Value: An estimate of what your leased Kia will be worth at the end of your lease. This information is important if you decide to purchase the vehicle rather than return it or extend your lease.

Buyout Price: This is the actual cost of the car at the end of the lease. Whereas the residual value is an educated guess, the buyout price is the concrete number that you'll have in front of you. This may or may not be equal to the residual value.

Lease the Kia that Best Fits Your Needs

This one may seem silly at first glance, but it is an important one. A lot of times, customers who come to us have no idea what they want outside of the fact that they want a new car. This in and of itself is fine, but you do need to take into account all the facets of your life as well as anticipating any changes to come.

For example, if you are a young professional who is just starting out in your career, chances are you aren't looking to settle down and have a family any time soon. Hence, a sedan such as the Kia Rio or the Kia Forte is a great option, as is a subcompact SUV like the Kia Soul. However, if you have or are planning to have kids very soon, a larger SUV such as the Kia Sorrento or the all-new Kia Telluride make for a wiser choice.

Check to Make Sure You Aren't Missing Out on One of Our Lease Deals

At Lancaster Kia, we are always looking for ways to help our customers save money. One of the ways we do this is by offering a regularly rotating set of new lease specials that are designed to save you big money. Missing out on one of these deals is easily avoidable, and our goal is to ensure that every driver that walks into our dealership walks out with the best deal possible.

If you're ready to lease a brand-new Kia, stop by Lancaster Kia and see us today.

Categories: Finance