For drivers seeking more information, check out our new Hyundai Palisade lease guide, below.
Leasing a new Hyundai Palisade is a great option for drivers who plan to drive less than 12,000 miles annually, seeking to enjoy the latest features, and want to reduce their monthly payments with little or no money down. We should also note that all Hyundai Palisade lease models comes standard with Hyundai 10-year/100,000 mile power train warranty, and low maintenance cost. And that's just the beginning. To see all the perks of leasing a new Hyundai Palisade near you, take a glance below.
What's the Difference Between Leasing A Hyundai Palisade and Financing?
| Hyundai Palisade Lease | Hyundai Palisade Financing | |
| Up-Front Cost | ✔️ | ❌ |
| Monthly Payments | ✔️ | ❌ |
| Depreciation | ✔️ | ❌ |
| Mileage Terms | ❌ | ✔️ |
| Customization | ❌ | ✔️ |
| Maintenance | ✔️ | ❌ |
| Equity | ❌ | ✔️ |
| End of Lease Return | ✔️ | ❌ |
| Warranty | ✔️ | ❌ |
Up-front Cost: Buying vs Leasing Hyundai Palisade
Typically, Hyundai Palisade lease options have a lower up-front cost due to the the fact that the driver is only required to pay expected depreciation of the vehicle. On the other hand, the up-front cost associated with financing a new Hyundai Palisade is typically higher because the driver is required to pay toward the principle value of the entire vehicle. We should also note that most lenders typically encourage drivers to put down 10%-20% of car's price to secure a loan.
Monthly Payment : Buying vs Leasing Hyundai Palisade
In comparison to financing, the monthly payment associated with leasing a new Hyundai Palisade is typically lower because drivers are only required to pay off the expected depreciation value (the amount the car loses in value over the lease term) for the time period which they are leasing the vehicle.
Depreciation: Buying vs Leasing Hyundai Palisade
The depreciation value for a Hyundai Palisade lease is typically lower due to the fact that the driver typically returns the vehicle within 2-3 years before the steepest depreciation occurs in 4-6 years.
Mileage: Buying vs Leasing Hyundai Palisade
Mileage terms for a leased Hyundai Palisade are generally more restrictive compared to a financed one. Hyundai typically allows drivers to choose between 12,000 to 15,000 miles per year, with the option to purchase additional miles if needed. However, exceeding the agreed-upon mileage limit may result in additional charges at the end of the lease.Can I Customize My Hyundai Palisade Lease?
Yes, you can customize a Hyundai Palisade lease to some extent., but there are limitations compared to financing or outright purchasing a vehicle. No permanent modifications can be made to your Hyundai Palisade lease. All Hyundai Palisade leases must be returned to their original condition or the drivers will be penalized. Please consult with our Hyundai lease department to learn more about your vehicle lease options.
Maintenance: Buy vs Lease Hyundai Palisade
In comparison to financing, the maintenance cost is typically lower with a new Hyundai Palisade lease because the vehicle is still under warranty and there is a lower ownership period. The Hyundai Palisade warranty includes:
- 10 years/100,000 miles Powertrain Limited
- 5 years/60,000 miles New Vehicle Limited
- 7 years/unlimited miles Anti-perforation
- 5 years/unlimited miles 24/7 Roadside Assistance
Hyundai Palisade Lease Terms vs Finance Terms
Broadly speaking, Hyundai Palisade lease terms are shorter than Hyundai finance terms. While the financing terms are typically 24 to 72 months, the lease terms are 24-48 months. We also offer flexible lease options for drivers who prefer to extend their lease.
What Happens At The End of Leasing a Hyundai Palisade vs Financing
When your Hyundai Palisade lease ends, you have the flexibility to purchase your leased vehicle or return it to our Hyundai dealership. At that point, you can either buy your current Palisade or upgrade to a new Hyundai lease.
In contrast, if you finance your Hyundai Palisade, you'll receive the vehicle title and lien release once your loan is paid off. From there, you have the option to keep your vehicle, sell it, or trade it in for a new one.
What fees are due at signing the lease on a new Hyundai Palisade in Hazelwood, MO?
The fees due at signing are as follows:
- Documents fee
- Title fee
- License fee
- Acquisition fee Security Deposit
- Sales Tax
For more information about the fees due at signing the lease on a new Hyundai Palisade, call or visit us today.
Other Hyundai Palisade Articles You Might Find Interesting
- Hyundai Palisade Review
- Hyundai Palisade Trim Levels
- Hyundai Palisade Calligraphy
- Hyundai Palisade XRT
- Hyundai Palisade Towing Capacity
- Hyundai Palisade Interior Options
- Hyundai Palisade Color Options
- Hyundai Palisade Vs Kia Telluride
- Hyundai Palisade Maintenance
- Hyundai Palisade Lease
- Hyundai Palisade vs Hyundai Santa Fe
Make an Inquiry
* Indicates a required field
Contact
Napleton Hyundai
649 Dunn Rd
Hazelwood, MO 63042
- Sales: (314) 317-0068
- Service: (314) 485-2582
- Parts: (314)325-2158