Buying or Leasing? Learn Which Option is the Best Fit For You!
Trying to decide whether you should buy or lease a new car can be pretty difficult. There are lots of pros and cons to both and it can be overwhelming. At Sheehy Hyundai of Waldorf, we want to help make the choice easier, so we've broken out the pros and cons of financing and leasing below. Scroll down to see the pros and cons of buying and leasing a new Hyundai!
Buying vs Leasing
No mileage restrictions:
When you finance a new Hyundai, you have full ownership of that car. That means you can drive it wherever you want and not have to worry about exceeding a mileage restriction.
Ability to customize the vehicle:
Another great part of having full ownership of the car means you can make whatever modifications you want to it!
You get a sense of pride and accomplishment when you finally pay that last minute installment and you officially own your new Hyundai.
Lower monthly payments:
When you lease a new Hyundai often times you don't need as big of a down payment and you can expect lower monthly payments! This is a great option for people who have challenges with their credit.
Factory warranty to cover major repairs:
When you lease a new Hyundai, you automatically get a factory warranty! This warranty will cover all your major repairs during the duration of your lease.
Ability to always drive the newest cars:
Lease terms generally last for 2-3 years which means that you can always drive the newest models and have access to the best technologies out there!
Options after your lease ends:
As your lease term comes to an end, you'll have the option to buy your leased Hyundai, lease a new Hyundai or just return your leased vehicle. Click here to learn more about your lease end options!