Before you walk away from Billingsley Hyundai of Lawton with your new Hyundai, you'll need to decide whether to loan or lease it. Whether to loan or lease your vehicle can be a difficult decision. Depending on your financial situation, one option might work better for you. Here's a look at the pros of leasing versus loaning your Hyundai.
When you lease your Hyundai near Altus, you're not gaining any equity in the vehicle but rather paying the dealership for any depreciation the vehicle incurs while you're driving it around Marlow, OK. As a result, what you pay at signing and per month is typically lower than what you would pay if you were purchasing the vehicle with a loan.
Because of these lower costs, you may be able to choose a more expensive model or trim level to get you around Duncan. In addition, since you only have access to the vehicle for a specified time frame or number of miles, you can continuously upgrade each time the lease is up.
Monthly costs tend to be a bit higher when you loan a Hyundai vehicle, but if you intend to keep the car for a long time, you will have it paid off at some point. You also won't have to worry about going over any mileage limits or being responsible for covering extra wear and tear on the vehicle at the end of a lease.
In addition, when you finance a Hyundai, you can customize it as much as you'd like, which may help add to its value in the long run. When you're ready to sell your car in Elgin, OK, you'll receive payment for whatever the value is, which helps cover the cost of your new car.
Learn more about all your options when you stop by Billingsley Hyundai of Lawton today!
2502 NW 82nd Street
Lawton, OK 73505
