More and more automakers are offering longer financing terms, but is it a good idea to commit to an eight year long auto loan, or is the dealer just out to get your money? It’s always a good idea to get a budget sorted and have an idea of what your financial situation is before…
Top 10 Cheapest Cars to Lease
10. Kia Rio LX – $159/month, $1,999 due at signing
While it might not appeal to everyone, leasing is a great way to get into a car for a lot less cash than buying. That said, here’s a list of 10 low-cost lease deals that are hard to ignore, since none of them crack the $200 a month price-point.
An automatic Kia Rio LX sedan costs $15,500 up front. While that’s a low, low price tag for an attractive looking subcompact, the real deal is with the lease offer. After putting down just $1,999, you can lease a Rio LX for just $159 a month. The LX model is the most stripped out Rio you can get, sporting 15″ wheels with hubcaps. There’s a few optional extras like the Eco driving mode and power windows.
The Rio is the ideal choice for those looking for a powerful subcompact, since the vehicle is powered by a 1.6L four-cylinder engine which makes 138-hp. The cars small size and peppy engine also make it pretty thrifty on fuel, with EPA ratings of 28 mpg in the city, 36 mpg on the highway and 31 mpg combined. Check out the Kia Rio specs and read our full review here.