When you finance an SUV, you actually own it once you’ve paid off the loan. When you lease an SUV, your monthly payments are lower than financing, but you must return the vehicle at the end of the lease to the dealership. Most large SUVs start in the $40,000 range. One major benefit is its off-road and towing capabilities. With a six or eight-cylinder engine, they are far less fuel-efficient than smaller SUVs. They are incredibly spacious, with an elevated ride. Large SUVs or full-size SUVs include a truck chassis and handle more like a truck than a car. You’ll be able to get more cargo space and many have towing capabilities with a six-cylinder engine as well. Many include four-wheel drive, which allows you to navigate in more challenging terrain. Like trucks, midsize SUVs offer an elevated ride with great headroom. They may also be referred to as crossovers, and they share a car chassis like sub-compacts. There is no standard set of dimensions that determines what a small SUV is but they often have a four-cylinder engine with fairly good gas mileage. Small SUVs start in the mid $20,000 range. However, sub-compact SUVs can be great for everyday driving. You won’t be able to do any serious off-roading, and you will have limited cargo space. They are also referred to as compact crossovers, and tend to maneuver similarly to sedans. Sub-compact SUVs start in the low $20,000 range. Here are the four types of SUVs to consider: ![]() So consider models with automatic braking features, side-impact door beams, lane keep assist, and back-up cameras or blindspot sensors Plus, larger vehicles can have reduced rear and side visibility. That said, some smaller SUV’s built on a car chassis could rollover easier than their car counterparts.
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