Generally, yes. SUVs typically have higher MSRPs than comparable sedans from the same manufacturer, resulting in higher monthly payments. However, SUVs often have strong residual values, which can help offset some of the cost difference. Fuel costs are also typically higher for SUVs, which should be factored into your total monthly expense calculation.

All-wheel drive (AWD) typically adds $1,500-$2,500 to the MSRP, increasing your monthly payment by approximately $40-70. Consider your climate and driving needs: if you live in an area with severe winters or frequently drive on unpaved roads, AWD offers better traction and safety. If you primarily drive in urban/suburban areas with mild weather, front-wheel drive (FWD) provides better fuel economy and lower payments.

Expect to pay about $100-200 more per month when leasing a full-size/three-row SUV compared to a compact SUV. For example, a Toyota Highlander (mid-size, three-row) typically leases for about $100-150 more per month than a Toyota RAV4 (compact, two-row). Full-size SUVs also generally have higher fuel costs to consider in your total monthly budget.

Hybrid SUVs typically have a $2,000-$3,000 MSRP premium over their gas-only counterparts, adding approximately $50-80 to your monthly payment. However, you'll save about $40-100 monthly on fuel (depending on your mileage). If you drive more than 15,000 miles annually, the fuel savings often offset the higher payment. Hybrids also tend to have stronger residual values and may qualify for federal tax credits that reduce lease costs.