Best SUV Leases Ranked by Lease Value

Best SUV Leases
@2018 Photo courtesy of GM.com

The Best SUV leases according to LVR

Best SUV Leases for August

August 2018 SUV Lease Deals

Rank Style PMT DOWN MSRP TERM TOTAL COST AVG LVR
1 2018 GMC Terrain SLE $249.00 $1,672.00 $28,895.00 39 $11,383.00 $291.87 1.01%
2 2018 Acura RDX AWD $299.00 $2,700.00 $36,995.00 36 $13,464.00 $374.00 1.01%
3 2018 Toyota Highlander LE $279.00 $2,720.00 $34,623.00 36 $12,764.00 $354.56 1.02%
4 2018 Kia Sorento LX AWD $229.00 $3,576.00 $30,980.00 36 $11,820.00 $328.33 1.06%
5 2019 Ford Flex SEL $380.00 $0.00 $33,290.00 36 $13,680.00 $380.00 1.14%
6 2018 Honda Pilot AWD EX-L $389.00 $2,710.00 $39,655.00 36 $16,714.00 $464.28 1.17%

The lease deals for August on SUVs are really about the same as the rest of the lease deals this month. Pretty unexciting thanks to higher interest rates resulting in higher money factors figured into payments. This greatly affects the effective average monthly cost. The GMC Terrain SLE tops the list with an average or effective payment of just $291.87. That is a good price for a car that retails for $28,895.00

Not all SUVs are created equal. For that reason you might not find the one you are looking for, here. Please try Best Crossover SUVs or Best Luxury SUVs if your favorite vehicle is not here.

The category, SUV, tends to encompass a wide variety of styles, and types of Sport Utility Vehicles. I’ve separated the larger styles into their own category. Even with the new categories, there is likely to be much bickering and arguing over which cars belong in which segment. For the month of August, I’ve added the Ford Explorer among the usual Traverse, Pathfinder, Dodge Journey, Toyota Highlander, Toyota 4-Runner, Volkswagen Atlas, and the Mazda CX-9. I think most would agree that the Nissan Pathfinder and Toyota 4-Runner were once the type of vehicle we considered the prototypical SUV, but the field has widened considerably.

Best SUV leases in this segment are priced from $23,000 to $35,000. The LVR or Lease Value Ratio is a formula that rates the bang-for-the-buck lease value. For a detailed explanation, visit the LVR Link.

Is your Favorite SUV Missing?

If you don’t see your favorite SUV, it doesn’t mean that it still might not have an excellent lease offer. Always check the manufacturer’s website. The Tiguan was a winner here for a while, but I have moved it to the Crossover SUV group. It is just so much smaller than the rest of the pack, and with the new VW Atlas that seats 7, it is a bit of a misfit.  The best lease deals are often quoted from CA or NY, but other states might try and match these offers or even beat them. You simply have to ask for a better lease deal.

 

 

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