Hyundai Lease FAQs

Each driver has unique factors to consider when choosing between leasing and buying, but you may decide that the leasing benefits are preferable in your situation. With a lease, you may appreciate covered maintenance costs, more favorable auto payment, and a convenient return process at the end of the lease.

Leasing may be advantageous if you are able to comply with the mileage restrictions in some auto leases and if you want to conveniently trade up to a new model in the next few years. These are only a few of the factors that should be analyzed before you decide between leasing and buying, and we are eager to assist with your decision-making process.

A lease on a certified pre-owned vehicle is possible through Suburban Hyundai. During your test drive visit, our Hyundai team can assist you as you select a vehicle that meets mileage and age restrictions for used vehicle leasing.

The initial costs for auto leasing are the down payment and the monthly payments. Both of these costs are linked to the lease program that you qualify for. Some of the qualification factors include your income, your payment history, your credit rating, and a few other factors. Regardless of the leasing program that you qualify for, you may set up a more affordable payment each month if you offer more money as a down payment.

It is easy to fall in love with your Hyundai, and you may be able to take ownership of it through a buyout clause in your lease. The specific details in the buyout clause vary, and our financing experts are ready to help you explore the options available based on your lease’s particular terms.

In some cases, a lease requires a down payment as well as a separate security deposit. While the down payment is not refundable, the security deposit may be returned at the end of your lease based on specific details outlined in your lease.

Zero-down lease programs are available, but requirements usually include a good to excellent credit rating. However, lease programs and specials vary, and we are ready to tell you about the down payment options available for the lease programs that are available to you.

Auto leasing programs are available for lower credit scores in some cases. However, with a lower credit score, you may be required to make a larger down payment. A lower credit score is also often associated with a higher monthly payment. To inquire about options, reach out to our Hyundai financing team.

Once your obligations in the lease contract have been fulfilled, you are usually permitted to return the vehicle to any authorized Hyundai dealership.

A perk of auto leasing is covered auto maintenance. The details of this perk vary based on the leasing program that you use. However, some leases include complimentary oil changes, tune-ups, and more completed at an authorized Hyundai dealership.