Houston Hyundai Helps You Decide If You Should Buy or Lease
Once you've made the decision to get a new Hyundai
, your next decision is whether to buy or lease a car. You'll need to take a few things into consideration, like how long you intend to keep the same car, how much you want to pay per month, if your goal is to eventually drive a car without a payment or if you prefer to drive a new car every two or three years. Here are some tips about leasing or buying from Hyundai Houston:
Length of Time With the Same Car
Do you prefer to drive a new car every two to three years or would you rather keep the same car until you have no choice but to get a new one? If you're only keeping the car for a couple years before going to get another car, a lease will cost you less than buying the same Hyundai with the same down payment for the same price. Leases will cost 30-60% less than car loan financing, even if you're able to get a 0% interest car loan.
If you're keeping a car long after car payments have been paid off, buying a car will be much cheaper than leasing several cars in the same ten year period.
Monthly Payments
Leasing a car generally offers lower monthly payments than a car loan, but when the lease is up you either buy the car at it's current resale value (regardless of how much you've already paid for the lease) or start over with another down payment and lease agreement on a new car.
Paying higher monthly payments with a car loan eventually means you own the car and will not have to make payments each month.
Houston Hyundai Helps You Decide If You Should Buy or Lease