- In CarGurus‘ world, buying and selling cars is no longer a traditional business transaction, but a digital, intelligent experience. With its intuitive interface and versatile tools, the platform has redefined the way the automotive market works, providing users with an unprecedented convenience and efficiency experience
- If you’re looking for a budget-friendly rental deal on an SUV this summer, you’ve come to the right place. It’s no secret that the higher ride height, increased cabin space and frequently used all-wheel drive (AWD) make SUVs very popular. However, many car buyers may consider brand new models to be out of their financial reach.
Cheapest SUV Lease Deals in January 2024
- If you’re looking for a budget-friendly rental deal on an SUV this summer, you’ve come to the right place. It’s no secret that the higher ride height, increased cabin space and frequently used all-wheel drive (AWD) make SUVs very popular. However, many car buyers may consider brand new models to be out of their financial reach
- That’s why we’ve compiled a list of the best SUV rental deals on offer this month. In this case, we focus on rental offers as they usually give you more vehicles for your money. We also offer some sound advice on how to research and negotiate to get the best deal on the best car, as well as financing options for people who prefer to buy rather than lease.
cargurus found the cheapest SUV rental deal of the month
We Found th Cheapest SUV Lease Deals This Month
Factors That Impact the Cost of SUV Leases
Current Trends for Cheap SUV Leases
The Cheapest SUV Lease Deals this Month
Getting the Cheapest Deal on Your SUV Lease
Research and Negotiation Tips
Compare Other Financing Options
We found the cheapest SUV rental deals of the month
- With the average price of a new car continuing to hover above $40,000, it’s no wonder many car buyers may think a new SUV is out of reach. However, there is a wide variety of models from numerous automakers that are affordable, practical, and provide reliable fuel economy data.
- In general, subcompact and compact SUVs will be easier to buy on a car budget. They’re not as big, nor do they have the three-row seating capacity of the larger mid-size and full-size models. However, they are often much cheaper and still offer many of the same attributes – commanding heights of the road, ample cargo capacity – that people love in SUVs.
Factors That Impact the Cost of SUV Leases
- First, size and horsepower are very important when looking for cheap rental deals on SUVs. If you crave three rows of seats, need a lot of towing power, and want tire-scorching acceleration, you can expect to pay for the privilege. But smaller SUVs have a lot to offer (including better gas mileage) and may be better suited to car buyers who don’t need or want an XL-sized vehicle when parking or refueling.
- Popular models such as the Toyota RAV4, Honda CR-V and Chevrolet Traverse may convince some car buyers that higher demand equals higher prices. However, with so much competition among small SUVs, even the best-selling models can come with lucrative lease deals attached.
Current Trends for Cheap SUV Leases
- In the past few years, the prices of crossovers and SUVs have soared to record levels. This is due to a number of factors, including a shortage of microchips leading to a lack of inventory, and pent-up demand after the lockdowns associated with the pandemic. While the average price of a new car remains above $40,000, prices are starting to fall and supply is finally catching up with demand.
- However, inflation and rising interest rates remain two important factors to consider. Fuel prices remain high, potentially making larger, thirstier SUVs less attractive to those who don’t want the vehicle’s drinking habits to drain their bank accounts.
2024 Hyundai Venue
Lease monthly payment: $229.00
Duration of lease: 36 months
Money down required for lease: $3,513
Total Cost (based on the terms listed above): $11,757.00
Effective monthly payment (based on the terms listed above): $326.58
MSRP: $21,175
Expiration date for lease offer: 1/31/2024
Find a Hyundai Venue for sale
More details from Hyundai
Research the Hyundai Venue on CarGurus
2024 Hyundai Kona
Lease monthly payment: $232.00
Duration of lease: 36 months
Money down required for lease: $4,012
Total Cost (based on the terms listed above): $12,364.00
Effective monthly payment (based on the terms listed above): $343.44
MSRP: $25,435
Expiration date for lease offer: 1/31/2024
Find a Hyundai Kona for sale
More details from Hyundai
Research the Hyundai Kona on CarGurus
2024 Kia Niro EV
Lease monthly payment: $239.00
Duration of lease: 36 months
Money down required for lease: $4,499
Total Cost (based on the terms listed above): $13,103.00
Effective monthly payment (based on the terms listed above): $363.97
MSRP: $40,925
Expiration date for lease offer: 3/4/2024
Find a Kia Niro EV for sale
More details from Kia
Research the Kia Niro EV on CarGurus
2024 Kia Seltos
Lease monthly payment: $249.00
Duration of lease: 24 months
Money down required for lease: $2,999
Total Cost (based on the terms listed above): $8,975.00
Effective monthly payment (based on the terms listed above): $373.96
MSRP: $25,715
Expiration date for lease offer: 3/4/2024
Find a Kia Seltos for sale
More details from Kia
Research the Kia Seltos on CarGurus
- You don’t have to go to your local dealership with a chip on your shoulder or be prepared to negotiate deals on SUVs. Take the time to cross-shop for a variety of makes and models, which helps to best understand the vehicles you value most. This could be a lot of cargo space, plenty of rear legroom, a user-friendly infotainment system, a long list of standard safety features, or all of the above.
- Beyond simply choosing the ideal SUV for your driving needs, keep in mind that factors such as a strong credit rating and the ability to make an upfront down payment are crucial when it comes to getting the best price. It’s also important to understand that not every rental sale you see online is available in every region of the country. Make sure your rent-related research is focused on where you happen to live. At this point, it is a wise idea to visit a local dealer to determine exactly what is available.
