Lease vs Buy a New Hyundai | Fullerton, CA

 

To Lease Or To Buy a New Hyundai? That Is The Question

We get the question all the time - should I lease my next car of buy my next car? And it is a great question because leasing and buying are different. Although at the end of the day, leasing and buying are just two different ways to finance a new car, there are a lot of differences between leasing and buying. Furthermore, they suit different types of drivers and cater to different needs and desires. Without further ado, let's explore some of the differences of leasing vs buying.

Buying A New Car

Let's face it. Very few people have the cash to buy a new car outright in cash. That's the beauty of auto loans. The right auto finance agreement with the right rates makes buying a car attainable and easy. Plus, when you buy a car, you own it when your payments stop. That is, by far, the best thing about auto financing. However, financing a new car can be very pricey, especially if you plan on doing it every few years. In fact, it's almost always more money on a monthly basis than it is to buy. Which brings us to one of the major benefits of leasing.

Leasing a New Car

Leasing a new vehicle is a fantastic way of getting into a vehicle that is more competitively equipped than what you may otherwise be able to afford for the same price. Or, looked at another way, all else being equal, leasing the same car you were thinking of buying is almost undoubtedly cheaper monthly than buying a new car. So if the amount of your monthly payment is a concern, leasing is likely the way to go. Plus, when you lease a vehicle, the chances are very likely that you'll never have to worry about paying for major repairs because you'll be getting into a shiny new car every three years or so. On the off chance a major issue comes up, you'll almost invariably be covered by your new car's warranty

Last but not least, there's a common opinion that you can't lease if you are going to be driving over a certain amount of miles. While leasing does restrict mileage and buying doesn't, not all leases are high-mileage leases! In fact, you have many lease options at your disposal!

Contact Us To Learn More About Your Auto Financing Options

We encourage you to use our online credit application here at Claremont Hyundai. That being said, if you have any questions or would rather talk to a member of our finance center staff in person, give us a call at (877) 637-3834, or reach out online. We hope to hear from you soon!

Contact

Claremont Hyundai

508 Auto Center Dr
Directions Claremont, CA 91711

  • Sales: (877) 637-3484
  • Service: (888) 903-8005
  • Parts: (877) 471-8672