It’s good to put in the time and do research when you begin your search for a new vehicle. You may already know the kind of vehicle you want to drive, but one of the most important questions car shoppers face is: buy or lease? There’s no right or wrong answer to this question because there are pros and cons for each one. It all comes down to what you need from your next car, truck, or SUV. That’s why we broke down the buying vs. leasing question so that you can see the benefits and drawbacks of each. This way you can see which one best fits your needs.
You own the car
There are no mileage restrictions
Modify the vehicle however you see fit
Sell or trade it whenever you want
Build equity over time
Large down payment
Can lose resale value quickly
Monthly payments are higher
Interest on monthly payments
Vehicle repair costs are on you
Negative equity can accrue
Lower down payment
Smaller monthly payments
Can switch to a new model every 2-3 years
Normal repairs are typically covered under warranty
Extra fees if you exceed mileage restrictions
Not allowed to customize vehicle
Can’t build equity in vehicle
Must keep vehicle in new condition
There is a lot to consider when it comes to buying or leasing a car at Hyundai Of St. Augustine, but once you do, our team is ready to help you out. The experts at our financing center have plenty of experience and great resources at their disposal, which helps them better serve you when you shop with us. They can help find the best auto loan options for your financial situation so that you can realize your dream of owning a new car. If you’re looking for competitive Hyundai lease options, then let our team show you what they can do.
You’ll find great lease options that make sense for your financial situation on the vehicle you really want. If you want to learn more about our financing and lease options, then it’s time to contact Hyundai Of St. Augustine. We’re proud to serve customers from the Jacksonville area and if you have any questions, feel free to give us a call today at (888) 694-3235.