Hyundai Buy vs. Lease

Are you currently searching for a new Hyundai model, and are perhaps unsure of whether buying or leasing is a better option for your needs? Whether you are considering a fun-to-drive sedan, or a roomy SUV, your Hyundai Fort Wayne destination is here to help you determine your answer to the buying vs leasing questions. Both of these choices offer particular advantages and disadvantages, so we have organized these points to consider into two helpful charts. If you still find yourself unsure of which payment method makes the most sense for you, the helpful professionals at your Tom Ahl Hyundai financing center are here to help.


Pros of Leasing

  • Monthly payments are typically lower, and a down payment may not be required

  • You will have access to frequent automotive technology advancements

  • Your lease warranty often covers any necessary repairs

  • Returning your vehicle at the end of the lease is a simple process

  • You will enjoy driving the newest Hyundai models on the market


Cons of Leasing

  • There are mileage limitations

  • You will not be able to make any modifications to your Hyundai model

  • Your vehicle must be in original condition when it is returned at the conclusion of the Hyundai lease

  • You will not build equity in the leased vehicle

  • Obtaining a lease is more difficult if your credit score is less than ideal.



Pros of Buying
  • You do not need to worry about daily wear and tear of your vehicle

  • There are no mileage restrictions

  • You have the freedom to make any modifications to your vehicle 

  • You will earn equity in your vehicle

  • You may own the vehicle for as long as you like


Cons of Buying

  • Monthly payments are typically higher

  • You will not likely have the most recent technology, as you will drive your financed vehicle for a more extended period

  • Selling your vehicle can be a lengthy process

  • Depreciation is much greater

  • If you select a longer repayment term, your interest rate may increase


 

In addition to the above information, it is important to keep a few things in mind prior to making your decision. Whether you are considering a Hyundai Sonata lease or a Hyundai Elantra lease, you should take into account how long you foresee driving the vehicle, how personalized you would like to make it, and what driving conditions it will encounter on a daily basis. For example, if you have a lengthy daily commute, or you are planning on taking frequent road trips, buying - as opposed to Leasing - may be prudent due to the mileage you are bound to accumulate. On the other hand, if making modifications to the vehicle is not essential to you, and you don't see yourself often driving long distances, a Hyundai lease may be an excellent fit. Here at your local Hyundai dealership, we are looking forward to helping you make your decision and seeing you drive away happy in your new Hyundai model.

Contact

Tom Ahl Hyundai

2605 Allentown Road
Directions Lima, OH 45805

  • Sales: (419) 228-3951
  • Service: (419) 228-3951
  • Parts: (419) 228-3951

Hours

  • Monday 9:00 - 8:00
  • Tuesday 9:00 - 6:00
  • Wednesday 9:00 - 6:00
  • Thursday 9:00 - 8:00
  • Friday 9:00 - 6:00
  • Saturday 9:00 - 3:00
  • Sunday Closed

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