In the automotive world, leasing has become a far more popular option for people wanting to get into a new vehicle. In simplest terms, a lease allows you to drive a vehicle for a set period of time at a set monthly rate. You also typically get coverage for repairs during your lease but those terms may vary across dealerships.
If you’re interested in driving a newer vehicle every few years, leasing is a fantastic option as it gives you a chance to switch your car frequently without commitment. If you have less than perfect credit, leasing may also be a cheaper option and a way to get you into a newer car at a lower cost.
Not only that, you don’t have to lease a new vehicle – you can lease used! We’re here to tell you about some of the best SUVs for lease and how you can get a lease without a down payment. If leasing is something you want to do in the future, you’re in the right place!
When is the best time to lease a car in Canada?
Before we get into the best used SUVs to lease in Canada, let’s talk about the best time to sign on the dotted line.
There are a couple opportune times to lease a vehicle:
- At the end of the year. At this time, dealerships are trying to clear out their inventory before the new stock arrives and will be more likely to offer incentives or better deals.
- In the spring or summer. At this time of year, dealerships usually receive a lot of inventory so you’ll have more choice when it comes to vehicle models.
Leasing a Honda CR-V
The Honda CR-V is an excellent SUV to lease. While it’s a more compact SUV, it has a roomy cabin as well as good fuel economy and handling. The rear seat has a lot of space which is perfect if you have kids (or a lot of groceries) to transport. Most newer models also have the Honda Sensing suite of safety features. You should be able to find a low mileage used Honda CR-V to lease and Honda dealerships will often lease the car without requiring a down payment.
Leasing a Toyota RAV4
The RAV4 upholds the Toyota tradition of reliability. This is one of the best-selling SUVs on the market and perhaps the only downfall is its higher price point. However, leasing this model could help bring those costs down and dealerships are often looking to make good lease deals so they can sell the vehicle later with low mileage. The RAV4 has a comfortable, spacious interior, a hands-free tailgate, plenty of storage space and Toyota Safety Sense features including full-speed range dynamic radar cruise control.
The Hyundai Tucson is an excellent compact SUV, built slightly smaller than the RAV4. It has excellent cabin and cargo space, many safety features, a composed ride and handling and a great infotainment system. All trims also have hill-start assist to make driving up hills and rough terrain easier. This SUV comes in four models: the Tucson SE, Tucson SEL, Tucson N Line and Tucson Limited, each with different standard features. This SUV for lease is an excellent choice if you want a comfortable interior yet sleek exterior.
Hyundai Santa Fe
The Hyundai Santa Fe is an excellent midsize crossover and is larger than the Tucson. It has more space than a compact SUV but isn’t large enough to hold three-row seating. The exterior is stylish, the interior is spacious and comfortable and most models come equipped with Hyundai Smart Sense safety technology. The cabin seats five with plenty of cargo space and the SUV can also tow up to 3,500 pounds. Despite its rugged features, it offers a luxurious ride.
The Kia Sportage is an excellent option when it comes to pricing and space. The seats are large compared to other models in its class and the infotainment system is both robust and easy to use. The eight-inch touch screen, Apple CarPlay, Bluetooth, USB port and more make it an appealing ride for the tech-savy drivers. The Sportage is a balanced ride with easy handling and responsive steering, making it great for everyday driving or road trips with a group.
The Nissan Rogue is a relatively new compact crossover SUV, having made its debut in 2007. Its smooth ride, quiet cabin and spacious seating/trunk space make it an excellent choice for families. Models come with a pristine Bose sound system and have excellent fuel economy. Its stable handling, secure breaks and accessibility make this a great choice if you’re travelling with kids, both due to the SUV’s safety features and comfortability.
Leasing a Subaru: Crosstrek or Forester
Subaru’s brought two incredibly popular crossovers to market: the Crosstrek and the Forester. While both models offer all-wheel drive, a standard feature on most Subaru models, they do have some unique features that will appeal to different folks.
The Subaru Crosstrek is almost a combination of a compact SUV and a hatchback. It’s an excellent vehicle for camping or off-roading as it can handle dirt, snow and everything in between. The cabin is comfortable and spacious with a 360-degree front view and adaptive cruise control.
The Forester is also a great SUV for lease in Manitoba. Its thin pillars and ample glass provides superior visibility. Most models come with Subaru’s EyeSight safety suite and an infotainment system. This model is more powerful than the Crosstrek and larger, with additional cargo and seat space.
How to lease an SUV with zero down payment?
One of the major advantages of leasing is it requires a lower initial investment and depending on the dealership and your financial situation, it’s even possible to lease a vehicle with zero money down.
The main positive of paying a down payment on a lease is it can reduce your monthly lease payments. In short, paying more up front means you pay less later. Typically individuals who have good credit won’t require a down payment to get approved for a lease.
However, sometimes you can still get a lease with zero down payment, even if you have less than perfect credit. Other times, you may require a down payment – it really depends on the dealership. Sometimes dealerships will increase the monthly payment if you cannot afford a down payment at the time, which is still a viable option as it gets you into a vehicle quicker. This is still pretty rare as most dealerships will lease their vehicles with zero money down.
At Birchwood Credit, we work with all credit types. Even if your credit isn’t where you want it to be, we’ll work with you to determine an affordable payment plan for your financial situation – even if you aren’t able to put money down.
Those are some of the best used SUVs to lease! If you’re ready to get started, our team can help you find a reliable lease that meets your needs and a payment plan that meets your budget. Even if you have less than perfect credit, we’ll work with you to find an affordable loan option so you can get on the road soon!