Leasing vs. Buying a Hyundai: What’s Right for You in Tallahassee?

When you pick a vehicle at Werner Hyundai, you can choose between leasing it or buying it outright through auto financing. What’s best for you depends on many factors, including your budget, driving style, and economic goals. The following information can help you decide whether to buy vs lease a Hyundai in Tallahassee, FL.

Why Buy?

When you decide on a vehicle from our dealership, the typical route is to either buy it outright with cash or finance your purchase through a loan. This choice offers many advantages.

• Ownership: After you’ve paid the cash or paid off the loan, you own the car and can look forward to many years of payment-free driving, which saves you money in the long run.

• Customization: You can modify the appearance or function of your model to suit your preferences, from painting it a different color to adding useful options such as luggage racks, mud flaps, or tiger-striped seat covers.

• Drive Anywhere: You face no restrictions on how many miles you can drive per year or where you can take your vehicle. You’re free to drive to Canada or Mexico, or have your vehicle shipped to Europe for a long-term vacation.

• A Source of Cash: Because you own your car, you can sell it at any time if you need some quick cash. If you’re buying a replacement vehicle, you can trade in your current one to lower the price of your purchase.

Why Lease?

Leasing is similar to a long-term rental because you pay for the use of a new car for a specified period of time, such as 24, 36, or 48 months. Selecting Hyundai lease deals in Tallahassee has the following pluses.

• Lower Payments: Because you’re only paying for the depreciation of a vehicle during the lease term, rather than its full value, the monthly payments are lower than if you financed a purchase.

• Minimal Maintenance: Because a typical lease lasts four years and the Hyundai new vehicle limited warranty lasts for 5 years or 60,000 miles, the car remains under warranty for the entire time that you’re driving it. You don’t have to worry about unnecessary repair costs because almost everything is covered.

• Flexibility: At the end of your lease, you can return the vehicle with no further obligation, buy the car for a predetermined residual value, or extend the lease. If you return the vehicle, you can sign up to lease a new vehicle, which means you’ll be driving a new car every two to four years.

Buy or Lease?

If you need to preserve your cash flow by making lower monthly payments and like to drive a new vehicle every few years, leasing would be a good choice. If you prefer to own your vehicle for a longer term, such as five or ten years, buying would be the better choice.

Why not pay a visit to Werner Hyundai? We’ll be happy to help you buy or lease your next vehicle.