Hyundai’s Tucson crossover is a midsize, affordable family hauler that hits all the right notes. If you’re looking for a crossover with a lot of bells and whistles, you may want to look elsewhere. This SUV is designed to get you from place to place in comfort, without breaking the bank or leaving you starving at the end of the month. The Tucson comes equipped with plenty of standard features that are sure to impress your driving friends and family.
The Hyundai Tucson is a fantastic vehicle for anyone who wants more car than they can afford and space than their house can accommodate. It offers crisp styling, excellent fuel economy, easy-to-use tech features, quality construction and an excellent resale value. There are different trim levels available to choose from when leasing the Hyundai Tucson or buying it as private party financing (PPF).
What is the difference between a lease and a private party finance (PPF) on a Hyundai Tucson?
The differences between a lease and a private party finance (PPF) on a Hyundai Tucson can be substantial. A renter’s monthly payment is the same regardless of whether they sign up for a lease or PPF. This may not appear to be the case at first glance, but it’s worth noting that the monthly payment will be even lower for choosing the latter option.
If you’re leasing the Hyundai Tucson, your payments are fixed for 36 months on new cars and 60 months on used cars. With PPF, you’ll pay an agreed-upon amount each month with no balloon payments like in many traditional auto loans. In addition, if you choose to buy your car after one year of making payments, you’ll still pay less than an outright purchase would cost in comparison to financing through a bank or leasing company.
How much does it cost to lease a Hyundai Tucson?
A Tucson lease runs for a total of 36 months on average, but it can be shorter or longer depending on the model you choose. The Tucson comes in two trim levels: SE and Limited. The higher-trim level features a 2.4-liter engine that puts out 175 horsepower and 175 lb-ft of torque, which is more than enough power for any crossover driver. There are also three different option packages to choose from when leasing your Tucson: Sport, Ultimate and Premium.
The Sport package includes fog lamps, halogen headlights, parking sensors and 17-inch alloy wheels with all-season tires. The Ultimate package adds the paddle shifters along with 18-inch alloys wrapped in summer tires; the Premium option includes an 8-inch infotainment system with navigation capabilities paired with heated seats and dual zone climate control.
Leasing a Hyundai Tucson is a great option for anyone who wants a family hauler without investing too much money into an unreliable car that will break down often. With outstanding resale values and low operating costs, the Hyundai Tucson is an affordable choice with plenty of value to offer your wallet while still being reliable.
What options are available on the Hyundai Tucson?
The Tucson is available in three trim levels, a base Tucson SE, a mid-level Tucson SL and the top-of-the-line Limited. All three trims come with an automatic transmission and 2.4 liter four-cylinder engine, but only the SE comes standard with front-wheel drive. The SE also has 17 inch alloy wheels, power windows/locks/mirrors and a tilt & telescoping steering wheel. The midsize SUV offers plenty of standard features including cruise control, cloth seats, air conditioning and a 6.5 inch touch screen infotainment system with Bluetooth connectivity and voice command features.
The Limited trim on the other hand comes with 18 inch alloys, heated seats, leather seats and navigation system for your added convenience. The Limited also has a technology package that includes rear cross path detection to protect against side collisions, collision mitigation braking to ensure you’re safe when you stop suddenly and adaptive cruise control that works at speeds up to 155 miles per hour.
Which version of the Hyundai Tucson should you lease or buy?
If you’re on a budget, the lease is your best bet. It has lower monthly payments than buying it outright and offers more tax savings. It also allows for more flexibility in terms of trade-in options. The downside is that you have to give up your car at the end of the lease period, so be sure your needs won’t change before signing on the dotted line.
If you have enough money to afford a Tucson outright, buy it! The resale value will likely increase as time goes on, and there is no need to worry about high monthly payments or low trade-in values.
Pros and cons of leasing and buying a Hyundai Tucson.
If you’re leasing, you have less total cost at the end of your lease. You save up to $5,000 by opting for a three-year lease and get more available options for your vehicle. Buying a Tucson is more affordable than leasing it, but you can’t put it on the first person’s name like leasing does. If you want to upgrade the car at any point in your ownership, buying a Tucson is easier than leasing.
If you buy the Hyundai Tucson, you’ll be able to take advantage of manufacturer incentives and added equipment packages. The Tucson offers additional value when buyers purchase the vehicle outright or with PPF financing.
The Hyundai Tucson doesn’t come with many frills so it will be cheaper to maintain than other vehicles in its class and have fewer repairs over time. This is especially true if you keep costs down by limiting or avoiding unnecessary purchases such as fancy rims and other accessories.
There are no finance charges when purchasing a Hyundai Tucson as they offer zero percent financing deals that run for a limited time without interest or fees charged during that window of time (they also offer better financing rates down the road). The same goes for leased versions too so long-term buyers can expect these deals to continue over their ownership period at no cost and without interest or monthly payments required during that time period either.
How to lease or borrow money for a Hyundai Tucscon?
When leasing a Hyundai Tucson, you will typically pay for the car over a period of 60 months that includes a 30-month lease with 24-month buyback. If these terms are not favorable to you, you can borrow money for a Hyundai Tucson using PPF.
If you want to try before you buy and not worry about the resale value, consider buying an outstanding used Hyundai Tucson from AutoTrader.
Conclusion
The difference between a lease and a private party finance (PPF) on the Hyundai Tucson is in the ownership of the car. A lease is the use of a car with an agreement between the lessee and the lessor, while a private party finance agreement is unsigned and binding. The lessee owns the car at the end of the lease, but there is an option to buy the car at the end of the lease. Leasing allows for less money down and monthly payments, but the lessee has ownership of the car at the end of the lease with no option to buy it. Buying a car gives the buyer a warranty and freedom to do what they want with it, but there are also costs associated with buying a vehicle.
