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If you’re in the market for a new car and considering leasing, the Kia Telluride is likely on your radar. This midsize SUV has been gaining a lot of attention for its spacious interior, high-end features, and affordable price point. But how much does it cost to lease a Kia Telluride? Let’s take a closer look.
The Basics of Leasing a Kia Telluride
Leasing a car is a bit different than buying one outright. When you lease a car, you essentially rent it for a set period of time (usually 2-3 years) and agree to stay within a certain mileage limit. At the end of the lease term, you have the option to return the car or purchase it for its residual value.
When leasing a Kia Telluride, you’ll need to consider a few key factors that will impact the overall cost:
1. MSRP
The MSRP (Manufacturer’s Suggested Retail Price) of the Telluride will impact the monthly lease payment. The higher the MSRP, the more expensive the lease will be.
2. Residual Value
The residual value is the estimated value of the car at the end of the lease term. The higher the residual value, the lower your monthly lease payment will be.
3. Money Factor
The money factor is essentially the interest rate on your lease. A lower money factor will result in a lower monthly payment.
So, How Much Does it Cost to Lease a Kia Telluride?
The cost to lease a Kia Telluride can vary depending on your location, credit score, and other factors. However, as of this writing, you can expect to pay around $300-$400 per month for a base model Telluride with a 36-month lease term and around $0 down.
Factors That Can Impact the Cost of Leasing a Kia Telluride
As mentioned above, the cost to lease a Kia Telluride can vary depending on a few key factors. Here are some additional factors that may impact the overall cost:
1. Credit Score
Your credit score can impact the interest rate (money factor) on your lease. If you have a lower credit score, you may end up with a higher monthly payment.
2. Location
The cost to lease a car can vary depending on where you live. In some areas, you may be able to find better deals than in others.
3. Trim Level and Features
Opting for a higher trim level or adding on additional features can increase the overall cost of the lease.
4. Mileage Limit
Most lease agreements come with a mileage limit. If you go over the limit, you may be charged extra fees.
Overall, the cost to lease a Kia Telluride can be quite affordable compared to other midsize SUVs on the market. However, it’s important to do your research and shop around to find the best deal.
People Also Ask: How Much is it to Buy a Kia Telluride?
If you’re not interested in leasing and would rather purchase a Kia Telluride outright, the cost will depend on the trim level and features you choose. As of this writing, the base model Telluride starts at around $32,000, while the top-of-the-line SX Prestige trim starts at around $46,000.
