Question

Any moms in here lease a car ? Specifically a roomy SUV. It’s time for a bigger car for us and we would like to try leasing. Both have excellent credit and would like to stay around $250 car payment . Is that even possible , or wishful thinking. Either way , tell me what suv works for your family with 2 car seats and a little extra room . No Minnie vans  I was interested but he’s not having it lol

Answer 1

I am on my third lease on a mini van that is the same price as an suv. It was about $450 and has jumped ridiculously high now my third year. You are only allowed 36, 000 mile which is really hard unless you stay pretty local.  

Comments

@metronymic64872 I have never heard of a lease going higher in payments the third year. we had one for a Honda and our payments never budged.  

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@reifel9 we didn’t put any money down the last few years so I am not sure if that was the reason.  

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@metronymic64872 that could totally be! Damn!  

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@reifel9 I truly loved leasing but it is way to expensive now.  

Answer 2

Possible for $250/month for a car, but you are looking at probably closer to $400-$600/month for a SUV. You will be restricted to miles too. Most leases how are quoted based on 10, 000 miles/year. You can get more miles, but your payment goes up.  

Comments

@josefina I always thought leasing was cheaper

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@subtitle depends on how you define cheaper. You are renting a car for a set period of time. usually 36 months. I have been leasing since 1990. mostly because I get tired of my cars after 3 years. My last lease was in February 2019. this will be the last time also that I choose to lease. I went from a Chevy Traverse to a fully loaded Chevy Equinox. My lease payment is just under $400/month (I did pay to get 12, 000 miles/year). The only reason I even got the payment under $400/month was because I got a car with 2, 000 miles on it. the owner had been driving it. No other dealerships could come close to this lease payment. Most were in the high $400s all the way up to $600/month. We looked everywhere. Toyota, Ford, Jeep, Hyundai, Kia, Buick, etc. I don’t know what the money factors for leasing looks like now, but I had 3 minivans then 3 SUVs and my payment has never been less than $350/month.  

Answer 3

We’ve leased before and you’ll save a little money a month, but having also just purchased a new SUV, a roomy one is upwards of $600 a month because the price is $50-$100k

Comments

@reifel9 you will only get $600/month on a $50k vehicle if you finance for 7 years. Car prices have become insane.  

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@josefina I know it’s unreal.  

Answer 4

I lease a Jeep Grand Cherokee. A lot of people hate leasing, but I love it because I get bored easily and like a new car every few years‍♀️. It’s a lot more than $250 though

Comments

@megathere76668 I’m the same. My husband has a company car that he has to pay a monthly stipend for and the car the kids drive is paid off. So I treat myself. Lol. And we use my car when we go out anywhere so I like peace of mind that there are no issues with it. And no maintenance aside from oils change and tire rotation really on a lease.  

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@josefina exactly! We use ours for family vacations too! We do have to watch the mileage though, which kind of sucks, but I can’t wait to get a new color in 6 months‍♀️

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Plus it's great because you never have to pay for repairs, new tires or break jobs which is awesome

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@megathere76668 I work from home, have one in college and the other drives. I have only put 7, 000/miles on my car in a year so for leasing doesn’t really make sense anymore. So I will buy my next car in two years.  

Answer 5

$250 will probably be impossible. Large SUVs are expensive. It honestly amazes me how many people drive them. I have purchased 1 new car in my life and was freaking out on a $330 car payment. That was a Honda CR-V and we put quit a bit down. When that car was totaled. I bought used from CarMax. Paid Cash. My mini van is actually a year older than my CR-V but I love no car payment! They say that the next “bubble” to bust will be auto loans.  

Answer 6

I lease my Traverse. Leasing made more sense for me because A- I wanted a nicer car for less per month and B- cars are depreciating assets so we figured why invest in a car we don’t plan to drive into the ground C- I work from home and don’t even touch my 36k mile limit. That all being said, I don’t know if any SUV that’ll be that cheap. Maybe $350s for a mid sized SUV?  

Answer 7

Unfortunately $250 is pretty unrealistic, I have a Yukon and I pay over $700 in a car payment leasing would still be about $600 a month

Comments

@papaya we just bought a car and looked at Tahoe . to be around $600 we had to put $14, 500 down.  

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@reifel9 holy crap, I bought slightly used and got a good deal. The prices of SUVs are out of control

Answer 8

If you buy a newer used model, it will be less expensive than new, and you will own it after 4-5 years. My Honda Pilot had room for 3 kid seat accommodations and has a third row for when you want/need to carpool, which is a godsend. My Pilot is a 2004, with 190, 000 miles and still runs great. I just had the original radiator and hoses replaced.  

Answer 9

I lease a Chevy traverse and my lease is up in March so getting the 2020. I went to the Auto show to see if other bigger SUV’s were roomy and the Traverse is the roomiest.  

Answer 10

I don’t lease but would be shocked if you can lease a roomy suv for that. I own a traverse

Answer 11

@subtitle I will PM you

Answer 12

$250 is not possible for a lease. unless you’re going to put a ton of money down (which is like throwing it directly into the trash). My CRV is $370 and my F150 is $680. We have 810+ credit scores.  

Comments

@repetitive this. I dont understand it. Having to put $ dont to rent something. ‍♀️

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Yeah I’ve never put down a dime to lease any of my cars. that’s just silly. You turn it back in.  

Answer 13

I own a fully loaded 2017 traverse with payment in the mid 400’s. I have no clue why a couple yr difference matters. everyone trading in a new vehicle every 3yrs just gave me a great deal on mine. It has every possible option and was 20k miles. And I can drive where and how far I want. I thought about leasing too at one point but the only thing that makes sense is buying used. The traverse is awesome but you’ll end up w probably 600/mo payment getting a 2020 model that is no nicer than mine and leasing the same price. Models don’t change that much yr to yr. Leasing is generally about the same price needing a down payment. put that down payment on an awesome used car and you’ll win both ways in getting what you want and low monthly payments.  

Answer 14

We use to lease a Highlander and I loved it! I believe are payments were closer to 360

Answer 15

I believe you can only lease new cars so 2020 is expensive. We are leasing for about $375 mazda cx9. Before we were leasing mazda 6 for $265 our credit is in the high 700. You also have to put down payment it is usually first month plus other fees. If you want even a lower payment you have you do a large down payment. Your car insurance will probably go up too, so look into that. Leasing a car is not necessarily cheap, it's for those that like new cars every 3 years. Some people end up buying the car or will pay penalties such as if you go over milage have car damage etc.  

Answer 16

We are leasing a Chevy traverse. It works well. We are at about $300 for ours

Comments

We got our lease with westphal Chevrolet in Oswego/Montgomery. This is our second lease with them. They are wonderful!  

Answer 17

I have a Honda Pilot and pay under $250 a mo th