Should I Buy or Lease my Next Hyundai?

After you've decided on a new or gently pre-owned Hyundai, your next stop is the finance department. Deciding whether to buy or lease your next car isn't an easy decision. Thankfully, our knowledgeable team is here to help you choose the most affordable option possible.

Buy Vs. Lease

When you purchase a new car there are two ways you can pay for it. The first option is to take on an auto finance loan and buy the car outright. The second choice is to lease the vehicle and either purchase it when the lease term is up or trade it in for a new cruiser.

Many drivers think leasing is appealing because monthly payments tend to be lower. Leasing also doesn't require as big of a down payment, if any at all. The main drawback to leasing a vehicle is that you will not own it when you're done making payments. Since the dealer still technically owns the car, this also means you are not permitted to customize it either. The lease also requires you to stay within a certain mileage limit determined by the dealer. However, once the lease term is over, you can either opt to purchase the vehicle or shop for a new one.

One of the main differences between purchasing and leasing a car is that when you buy/finance a vehicle, you will own it outright once you pay it off. This means you can put as many decals and stickers on it as you like. If any minor damage occurs, you will not need to fix it before the lease is up either. If you lease a car, the dealership inspects its condition and charges you if there is any damage to the exterior or interior.

Billingsley Hyundai of Lawton Makes Financing Easy

We may have a large selection of Hyundai's to choose from in the Duncan, Altus, Elgin, and Marlow, OK, and Burkburnett, TX area. Visit us at 2502 NW 82nd Street whenever it's convenient for you, and we'll show you how easy the financing process can be. You can also reach us by calling (877) 736-8049.