Thinking about making a new car purchase but not sure which vehicle to settle on just yet? Maybe the problem isn’t the vehicle, but your financing option instead. For many drivers, especially those who are not yet decided on what to buy, opting for a lease deal can be a better option when trying to find the right vehicle to fit your needs.
Today, we’re going to take a look at the top five cars that you should consider leasing instead of buying. Whether it’s because you are not yet sold on a specific model, are not yet ready to commit, or simply want a smaller auto payment, these lease deals might be a better fit for you.
2019 Hyundai Elantra GT
From a financial standpoint, the 2019 models of the Hyundai Elantra GT might make more sense for you as a car buyer if you need something convenient and fast. With a starting MSRP of $19,450, and a total 5-year depreciation of just over $11,191, you can look forward to a savings of over $10,000 when you lease (that Is assuming you shop Hyundai lease deals that are 5 years).
2019 Honda Civic Sedan
This next pick might come with some debate, especially since Honda Civics are one of the best models to purchase because of their strong resale value, and dependable performance. However, if you’re still on the fence, leasing is certainly an option to explore. 2019 models are offered within MSRP of just over $19,000. When you factor in 10-year depreciation of 11,000, you can look forward to total savings of $10,000 over five years.
2020 Nissan Altima
The Nissan Altima was recently ranked as one of the most dependable sedans by Auto List. It also helps that the Altima ranks as one of the best vehicles to lease as well. 2020 models of the Nissan Altima have a starting MSRP of just over $24,000. When you factor in a 5-year depreciation of $13,868, you can look forward to savings of over $2,600 across a 5-year period. As one of the most dependable sedans around, you can count on this vehicle lasting you well beyond your 5-year lease period.
2019 Honda Accord Hybrid
2019 models of the Honda Accord Hybrid can be pricey. With this model year offered at a starting MSRP of just over $25,000, leasing might be the way to go for long-term savings. After a 5-year lease, you can look forward to total savings of just over $13,000 when you factor in depreciation of $14,570.
2019 Mercedes Benz A Class
In the world of automotive luxury, automaker Mercedes-Benz should certainly come to mind. 2019 models of the Mercedes-Benz A class are undoubtedly one of the best vehicles to lease rather than to own simply because of the savings you can take advantage of. This model is offered at a starting MSRP of just over $32,000. Factor in the quick depreciation of $18,702 over a 5-year period, and you’re looking at savings of over $17,000 after a 5-year lease term is up.
Whether you’re looking to shop Hyundai lease deals, Mercedes-Benz lease deals, or anything in between, understanding your financing and budget needs along with working with your local dealer is the best way to narrow down a vehicle purchase that works for you.
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