If you're eager to drive home with a new Hyundai, you have a couple of routes to choose from regarding how you go about making a purchase. You can choose to buy your new vehicle or sign a lease. Which path will you pick? Both options come with their own sets of pros and cons, so there's no right or wrong choice. However, depending on your preferences, you might find that one offers benefits that are more in line with your needs.

So, what's the difference between buying and leasing? The main element that sets the two apart is ownership. When you buy, the car is yours. When you lease, you eventually must bring it back and decide how you want to proceed at lease-end. Our finance center can help you determine which route makes the most sense for your lifestyle.

Curious about the details surrounding buying and leasing? Here you can find an overview of both options and the benefits of each!

Cons of Buying a New Hyundai

Financing a vehicle is generally more expensive per month than leasing. Your car's value also depreciates over time, which could be a downer when the time comes to sell or trade your vehicle. If you don't like the idea of dealing with the process of selling your car, then buying might not be for you.

Cons of Leasing

Since you don't own the vehicle when you lease, there are a few restrictions to keep in mind. You must return your vehicle to our dealership at lease-end in largely the same condition in which you found it, barring normal and expected wear and tear. You'll also have to keep mileage restrictions in mind, so leasing might not be a good fit if you have a long commute or often find yourself driving long distances.

Learn More About Buying vs. Leasing

If you want to know more about the differences between buying and leasing, we can dive deeper into the details with you. Contact us today to connect with a member of our financing team! We'll be happy to walk you through your options and help you pick the best one for your needs!